OIL

10,863 articles

Senegal primed as one of the next big oil players
Dec 01, 2016 (UPI)
Companies working to exploit frontier oil reserves are working to submit field development plans as quickly as possible, a top executive said. Africa-focused FA...
Oil-rich Russia sees economic growth ahead
Dec 01, 2016 (UPI)
The economy of oil-rich Russia could catch up with the rest of the world in about 10 years if the conditions are right, the country's finance minister said. Rus...
OPEC deal more about balance than price
Dec 01, 2016 (UPI)
An OPEC agreement to limit oil production for the first time in nearly a decade does more to erase a market surplus than support higher prices, analysis finds. ...
Israeli power to get gas from huge offshore field
Dec 01, 2016 (UPI)
The partners tapping into one of the largest natural gas fields ever discovered off the coast of Israel said they brokered a power deal worth $2 billion. Delek ...
Gas prices steady after OPEC deal
Dec 01, 2016 (UPI)
The U.S. national average price for a gallon of gas barely moved the day after one of the biggest rallies ever in crude oil prices, motor club AAA reports. AAA ...
A debut of sorts for Norwegian oil
Nov 30, 2016 (UPI)
British energy company Centrica said it made its debut in Norway with the submission of plans to develop an oil field in the southern North Sea. Centrica, as op...
More LNG exports possible from U.S. ports
Nov 30, 2016 (UPI)
Sempra Energy said it filed the necessary paperwork to hasten the development of a port in Texas that could export liquefied natural gas, seen as a strategic as...
Dallas Fed sees broad-based optimism
Nov 30, 2016 (UPI)
A survey from the Federal Reserve Bank said that, even as crude oil production stands still, the broad-based economic consensus was one of optimism. The bank sa...
Baker Hughes creates new fracking unit
Nov 30, 2016 (UPI)
Oilfield services company Baker Hughes said it formed a business venture with Goldman Sachs and others that would focus on North American hydraulic fracturing. ...
Dutch court rejects lawsuit over Ivory Coast spill
Nov 30, 2016 (AFP)
A Dutch court rejected Wednesday a class-action lawsuit by a foundation claiming to represent more than 100,000 victims of a 2006 toxic spill in Ivory Coast, sa...
Canada walks oil pipeline tightrope
Nov 30, 2016 (UPI)
Canada's prime minister balanced the debate on oil infrastructure by delivering split decisions that drew industry praise and complaints from environmentalists....
Talk of OPEC deal sends oil prices skyrocketing
Nov 30, 2016 (UPI)
Oil prices staged one of their largest spikes in years on word that members of the Organization of Petroleum Exporting Countries brokered a production deal. Sou...
Canada approves tripling capacity of Trans Mountain pipeline to Pacific
Nov 30, 2016 (AFP)
Canada on Tuesday approved two new pipelines including one to the Pacific coast that will allow producers to sell into new Asian markets, while rejecting a thir...
Oil prices sink as volatility takes hold
Nov 29, 2016 (UPI)
Starting the day in the deep red, crude oil prices for Tuesday are on pace for a high degree of volatility as oil ministers continue talks in Vienna. Crude oil ...
Oil-rich Alberta nearing end of recession
Nov 29, 2016 (UPI)
A rebound in crude oil prices and recovery in the sector in general means the economy in Alberta province is primed for growth, the finance minister said. The p...
Texas oil production holding steady
Nov 29, 2016 (UPI)
Two shale counties in Texas dominated the landscape, though crude oil production is holding relatively stable, data from the state show. The Railroad Commission...
Why Mexico's Oil Reform Is A Huge Opportunity For Investors
Nov 29, 2016 (SPX)
When a massive country de-nationalizes its entire energy sector and opens its oil and gas doors for the first time ever to foreign companies, the opportunities ...
BP builds up North Sea portfolio
Nov 29, 2016 (UPI)
A day after taking a greater stake in offshore Egyptian reserves, British energy company BP said it was taking on a larger role in the North Sea. The British co...
Putin steps back into OPEC production fray
Nov 29, 2016 (UPI)
After deferring to his energy minister, the Kremlin said Russian President Vladimir Putin was reviewing production proposals with OPEC member Iran. The Kremlin ...
Norway reports mixed results for oil and gas salaries
Nov 29, 2016 (UPI)
Average salaries for those working in the Norwegian oil and gas sector showed gains from the previous quarter, but less than last year, government data show. Th...
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