OIL

10,863 articles

Continental Resources up spending and production
Jan 26, 2017 (UPI)
Total production from a U.S.-shale focused portfolio will grow considerably by the end of the year as recovery takes hold, Continental Resources said. Continent...
Libya's oil sector may be opening to foreigners
Jan 25, 2017 (UPI)
Libya plans to start opening the doors to foreign investors that may be ready to step back into the country's oil sector, a national oil company announced. Must...
Poland behind in energy diversification
Jan 25, 2017 (UPI)
Poland can do better in adopting a low-carbon economy as coal is the primary source of the country's energy system, an international panel found. In its review ...
Austrian energy company OMV makes Iran move
Jan 25, 2017 (UPI)
Austrian energy company OMV said Wednesday it signed a memorandum of understanding with Iran to discuss the country's rebounding energy sector. OMV delegates ho...
A pivotal shift in Texas shale
Jan 25, 2017 (UPI)
Emerging U.S. shale player Halcon Resources said it spent more than $700 million to shift its priorities in its Texas operations. The company said it spent $705...
This is our year, Hess Corp. says
Jan 25, 2017 (UPI)
Though production was lower during the fourth quarter, U.S. energy company Hess Corp. said 2017 was evolving so far as a year of transformation. "We see 2017 as...
Genel Energy looking for strong year in Kurdish Iraq
Jan 24, 2017 (UPI)
Operations in the Kurdish north of Iraq can proceed in earnest on the back of consistent payments from the regional government, Genel Energy said. Companies wor...
Trump approves controversial Keystone, Dakota pipelines
Jan 24, 2017 (AFP)
US President Donald Trump will approve two controversial oil pipelines by executive order Tuesday, US media reported. He is expected to okay the Keystone XL pip...
Former Sinopec president gets 15 years for graft
Jan 24, 2017 (AFP)
China sentenced a former president of state-run energy giant Sinopec to 15 and a half years for corruption Tuesday, official media said, the latest punishment m...
Oil prices retrace steps as market fluidity continues
Jan 24, 2017 (UPI)
Crude oil prices recovered some lost ground in early trading Tuesday as investors weighed OPEC cuts against U.S. oil market dynamics. Crude oil prices lost out ...
NATO seeks closer ties with Gulf, opens new centre
Jan 24, 2017 (AFP)
NATO chief Jens Stoltenberg on Tuesday called for boosting security cooperation with the Gulf states as the Western military alliance opened its first office in...
Key facts about Keystone XL and Dakota pipelines
Jan 24, 2017 (AFP)
US President Donald Trump issued an executive order on Tuesday to revive two controversial pipeline projects, reversing the policy of his predecessor Barack Oba...
No major issues with Johan Sverdrup export arteries
Jan 23, 2017 (UPI)
A survey of oil and gas export lines tapped to carry product away from the Johan Sverdrup field uncovered few serious issues, a Norwegian regulator said. The Pe...
High oil prices actually help push gas prices lower
Jan 23, 2017 (UPI)
Higher oil prices have led to a reversal of sorts, with improved economics for U.S. shale producers bringing retail gas prices lower, a market review found. Mot...
UN Security Council renews call for more troops in South Sudan
Jan 23, 2017 (AFP)
The UN Security Council stepped up calls Monday for regional troops in South Sudan, to help a UN contingent already there stem ongoing violence and stave off a ...
Energy services company Lamprell expects slow year
Jan 23, 2017 (UPI)
Energy sector engineering services company Lamprel said Monday it was taking a cautious stance on the year ahead despite a broad market rebound. Lower crude oil...
Halliburton: Oil prices not yet bringing global rebound
Jan 23, 2017 (UPI)
Though North America is responding quickly to higher oil prices, it's a global market and the rest of the world is still catching up, Halliburton's CEO said. U....
BP brings partner to maturing North Sea
Jan 23, 2017 (UPI)
North Sea producer EnQuest said it was playing to its strength of getting more out of mature basins by grabbing a stake in an oil field from BP. BP under the te...
Russia in full-court press over European gas pipeline
Jan 23, 2017 (UPI)
European regulators may be standing in the way of their own regional energy security with their stance against a gas pipeline, Russia's Gazprom said. Viktor Zub...
Oil prices notch early loss on North American recovery
Jan 23, 2017 (UPI)
The lingering impacts of the rebound in North American drilling activity and overseas pessimism over U.S. President Trump sent oil prices lower early Monday. Oi...
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