OIL

10,863 articles

Iraq works on southern oil export expansion
Dec 14, 2016 (UPI)
British energy company Petrofac said it secured a $75 million contract to help with the expansion of a crude oil export facility at a southern Iraqi port. Petro...
Not So Prolific: U.S. Shale Faces A Reality Check
Dec 14, 2016 (SPX)
The collapse of oil prices has forced the U.S. shale industry to slash production costs. In order to improve the "breakeven" costs for the average shale well, t...
OMV trades assets for chance at Russian gas
Dec 14, 2016 (UPI)
Austrian energy company OMV said it was set to increase its reserve base following an asset swap that gives it a footprint in Russian natural gas reserves. No c...
Shale player Continental ups production estimate
Dec 14, 2016 (UPI)
While announcing new reserve opportunities in Oklahoma, shale player Continental Resources said it expects to end the year with more output than predicted. Cont...
Leaked BP report reveals safety lapses: Greenpeace
Dec 13, 2016 (AFP)
British oil giant BP faces safety shortfalls at its operations that could spark serious accidents, according to a leaked internal report published Tuesday by Gr...
No free oil rides, IEA says
Dec 13, 2016 (UPI)
Production agreements from some of the top oil nations in the world don't necessarily mean the return to the glory days of $100 oil, a Paris-based agency said. ...
As oil prices go, so go gas prices, AAA says
Dec 13, 2016 (UPI)
With crude oil prices on a sustained rally in the wake of deals cut by major producers, U.S. gas prices likely won't decline, analysis finds. Motor club AAA rep...
New discovery may lead to the development of super premium gasoline
Dec 13, 2016 (SPX)
In contradicting a theory that's been the standard for over eighty years, researchers at the University of Illinois at Urbana-Champaign have made a discovery ho...
Rex Tillerson: from oil diplomat to secretary of state
Dec 13, 2016 (AFP)
As chief of ExxonMobil, Rex Tillerson honed many of the skills inseparable from the exercise of high-level diplomacy: navigating complex geopolitics and pushing...
Russia to study Iranian oil fields
Dec 13, 2016 (UPI)
Iran and Russia tightened their embrace in the energy sector through an agreement to study the prospects for oil fields near the Iraqi border, directors said. D...
Oil prices up, but gains softening
Dec 13, 2016 (UPI)
Crude oil prices opened Tuesday in positive territory as the OPEC-fueled euphoria continues, though gains may be softening as a limit starts to emerge. The pric...
Leviathan gas field start date approved
Dec 12, 2016 (UPI)
Partners behind one of the larger natural gas fields off the coast of Israel unveiled plans to start formal production operations in roughly three years. Delek ...
Rosneft deal shielded from sanctions, Russian media reports
Dec 12, 2016 (UPI)
Russian media sources said last week's deal for the acquisition of shares of oil company Rosneft is outside the reach of Western-backed economic sanctions. Angl...
Donald Trump: I'll solve the Dakota Access pipeline question
Dec 12, 2016 (UPI)
If it's not "solved" by the time he's scheduled to take office in January, the U.S. president-elect vowed quick action on the Dakota Access oil pipeline. The U....
Oil recovery may be emerging in North Dakota
Dec 12, 2016 (UPI)
If state records are accurate when measured against industry data, the rig count in North Dakota gained significant ground after a weekend OPEC agreement. North...
Oil prices surge on yet another OPEC maneuver
Dec 12, 2016 (UPI)
Crude oil prices soared to historic highs in early Monday trading in response to a weekend production agreement reached between OPEC and non-OPEC members. OPEC ...
Eni brings another partner to Egyptian gas giant
Dec 12, 2016 (UPI)
Italian energy company Eni said it was selling off a stake in an Egyptian gas field to a Russian company to help bring quick monetary success to the project. Th...
Finance sector warms to fossil fuel divestments: study
Dec 12, 2016 (AFP)
Global funds are signalling plans to pull out of fossil fuel investments at a significant pace, a study showed Monday, one year on from the Paris Agreement to t...
Wood Mac: Mixed bag for oil and gas exploration next year
Dec 09, 2016 (UPI)
Oil and gas explorers are expected to get a little leaner next year, but for those with good financials, potentially a bit meaner, Wood Mackenzie reports. The c...
Russia's stance on OPEC meeting seems fluid
Dec 09, 2016 (UPI)
Russia's stance on a weekend production meeting between OPEC and non-member states remains fluid, with sources offering competing stances to Russian media. Russ...
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