OIL

10,863 articles

Norwegian oil and gas production up for the year
Jan 17, 2017 (UPI)
Total production of oil and gas in Norway dipped in December, though full-year output increased for the third year in a row, the government reported. The govern...
Gas prices finally edge lower
Jan 17, 2017 (UPI)
Relief in the form of stagnant crude oil prices and a good outlook for the nation's refineries means U.S. gas prices edged a bit lower, a retail analysis found....
So-so future for British North Sea
Jan 17, 2017 (UPI)
Oil and natural gas activity off the British coast should wax and wane in the short-term after one of the industry's worst years, Wood Mackenzie finds. Lower cr...
Baker Hughes, Schlumberger get new work in Norway
Jan 17, 2017 (UPI)
With the energy sector recovering, Norwegian energy company Statoil said it awarded North Sea service contracts to Baker Hughes and Schlumberger. Two of the wor...
Russia hints at economic stimulus
Jan 17, 2017 (UPI)
After hinting at a new tax policy on the oil industry, the Russian government said nearly $2 billion will be set aside to help the economy. Russia's currency lo...
Fire reported at Nigerian oil pipeline
Jan 17, 2017 (UPI)
Citing possible terrorism, Nigerian media reported Wednesday an oil pipeline was on fire less than a day after the vice president was in an oil-rich region. Nig...
Trudeau says Canada's oil sands must be phased out
Jan 14, 2017 (AFP)
Canada must "phase out" Alberta's oil sands and end the country's dependence on hydrocarbons, Prime Minister Justin Trudeau said on Friday. "We can't shut down ...
IMF: Oil-rich Russia needs either-or economic policies
Jan 13, 2017 (UPI)
Russia needs to ensure its economy is braced for an oil shock in either positive or negative terms, a deputy at the International Monetary Fund said. Russia is ...
Milestone reached for Kashagan oil field
Jan 13, 2017 (UPI)
More than 7 million barrels of crude oil have been produced safely from the Kashagan oil field in Kazakhstan since September, the operator said. The North Caspi...
New offshore oil production starts in China
Jan 13, 2017 (UPI)
A Chinese oil company said Friday it started production at an oil field off the northern coast of China that has 57 planned production wells. China National Off...
Anadarko sells off Eagle Ford shale assets
Jan 13, 2017 (UPI)
Parts of the shale basin in oil-rich Texas will be left behind in order to focus more on deepwater and other assets, Anadarko Petroleum announced. The company s...
Colorado is doing energy right, governor said
Jan 13, 2017 (UPI)
Colorado will continue its legacy as a model for how to strike the right balance between fossil fuels production and a clean economy, its governor said. Gov. Jo...
OPEC questions take wind out of oil rally's sails
Jan 13, 2017 (UPI)
Doubts about whether all parties to an OPEC-led agreement to cut production will do enough to balance markets pushed oil prices lower early Friday. Saudi Arabia...
Egypt set for a gas turnaround
Jan 12, 2017 (UPI)
The Egyptian natural gas sector is on track for an about-face, though complex dynamics could keep pressure on the industry, Wood Mackenzie found. Italian energy...
Oil prices gain strength on OPEC rhetoric
Jan 12, 2017 (UPI)
Crude oil prices were in clear positive territory before the U.S. open Thursday after OPEC signaled stronger compliance with managed declines. A survey of Decem...
OPEC deal holding, though look out for U.S. oil
Jan 12, 2017 (UPI)
A survey of production data from OPEC shows evidence of a managed decline, but the durability of that trend is a critical question, a survey found. A survey of ...
Serbia under fire for Russian gas deals
Jan 12, 2017 (UPI)
The Serbian government may have breached European laws as they relate to gas market competition with its deals with Russia, a directorate said. The secretariat ...
Offshore Norway remains resilient
Jan 12, 2017 (UPI)
Even though the sector remains resilient, a Norwegian energy director said there will be cost reductions for development that will pay off in the future. Norway...
General praise for tripling Canadian oil pipeline
Jan 12, 2017 (UPI)
Provincial leaders in Canada praised measures that made it so that Kinder Morgan could move forward with long-awaited expansions to a heavy oil pipeline. The pr...
Putin's spokesman expects tough, but listening, Tillerson
Jan 11, 2017 (UPI)
Former Exxon Mobil CEO Rex Tillerson will listen to Russia, but will continue with his legacy of being a "tough person," a Kremlin spokesperson said. Tillerson ...
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