OIL

10,863 articles

U.S.: Tougher sanctions on Russian energy needed
Jul 23, 2013 (UPI)
In light of Russia's stance on the crash of the Malaysia Airlines plane, three U.S. Senators said broader sanctions on Russia's energy sector are warranted. U.S...
Transocean division starts initial public offering
Jul 22, 2013 (UPI)
Oil services company Transocean said Tuesday a spinoff started its initial public offering, trading on the New York Stock Exchange under ticker symbol RIGP. "Tr...
LNG exports out of step with low-carbon goals, Sierra Club says
Jul 22, 2013 (UPI)
U.S. policies on the export of liquefied natural gas are out of step with renewable and climate protection goals, the Sierra Club said. The Sierra Club announce...
Putin's economic adviser looking for sanctions relief
Jul 22, 2013 (UPI)
An adviser to Russian President Vladimir Putin said the government was taking steps to counter the latest round of U.S. sanctions on Russian energy entities. Ec...
Mexican Senate approves most of energy sector reform
Jul 22, 2013 (UPI)
Legislators in the Mexican government signed off on most of the rules meant to open an oil and gas market controlled by a state monopoly. The government of Pres...
Polish energy company says oil and gas output increasing
Jul 22, 2013 (UPI)
Oil and natural gas production in Poland increased during the second quarter of the year, state energy company PGNiG said in a Tuesday report. In an amended qua...
Brazil approves extension to work in Amazonian energy basin
Jul 22, 2013 (UPI)
Brazilian independent energy company HRT said it received the government's consent for a two-year extension to a license in the Amazon jungle. The National Petr...
Shell finds few technological barriers for offshore reserves
Jul 21, 2013 (UPI)
Oil companies have yet to reach the point that technology is limiting access to offshore reserves, a Shell official in charge of deep American waters said. Shel...
Gazprom said finances still moving despite new U.S. sanctions
Jul 21, 2013 (UPI)
Russian energy company Gazprom said it's able to settle all of its payments in Russian and foreign currencies in the face of new U.S. sanctions. Oil company Ros...
Delta Airlines secures Bakken crude oil for its Pa. refinery
Jul 21, 2013 (UPI)
A subsidiary of Delta Air Lines said Monday it signed a five-year deal to send 65,000 barrels of Bakken crude oil per day to its refinery in Trainer, Pa. Delta ...
Statoil puts Norwegian Sea drilling platform back in service
Jul 21, 2013 (UPI)
Norwegian energy company Statoil said Monday oil and gas operations have resumed at the Njord A platform in the Norwegian Sea after nearly a year. The platform ...
Oceana frustrated with U.S. decision on Atlantic energy surveys
Jul 21, 2013 (UPI)
An ocean advocacy group said it was time to issue a call to action in the wake of a Washington decision to allow energy work in the Atlantic Ocean. The U.S. Bur...
Russia envisions major gas pipeline project for India
Jul 21, 2013 (UPI)
A Russian gas pipeline along its southern border to India may be among the largest projects of its kind in history, the Russian envoy to New Delhi said. India i...
U.S. oil production not yet at parity with imports
Jul 18, 2013 (UPI)
Data from the American Petroleum Institute show the United States is importing more crude oil than it produces from domestic reserves. API said U.S. crude oil p...
OPEC says Asia-Pacific took most of its crude oil last year
Jul 18, 2013 (UPI)
Asia-Pacific economies took on more crude oil from OPEC in 2013 than any other region in the world, the organization said in an annual report published Friday. ...
French company EDF signs LNG deal with Cheniere in Texas
Jul 18, 2013 (UPI)
French energy company EDF agreed to buy liquefied natural gas from an export facility being developed in Texas, Cheniere Energy announced. Cheniere's subsidiary...
PNG LNG project gives lift to Australia's Santos
Jul 18, 2013 (UPI)
Australian energy company Santos said Friday its second quarter figures improved in part because of the start of an LNG project in Papua New Guinea. "Delivery o...
Iran's oil exports in line with international agreements
Jul 18, 2013 (UPI)
The U.S. federal government is "comfortable" with the amount of crude oil exported from Iran, a spokeswoman for the State Department said. Iran secured consent ...
Outgoing Gulf Keystone boss praised for Kurdish oil vision
Jul 17, 2013 (UPI)
The outgoing executive director at Gulf Keystone Petroleum, Todd Kozel, was a visionary in his efforts in the Kurdish north of Iraq, a director said Thursday. K...
Avionics on Typhoon jets can now be repaired in Saudi Arabia
Jul 17, 2013 (UPI)
Saudi Arabia's Advanced Electronic Company has become the first approved avionics repair agent for Typhoon jet fighters outside of Europe. BAE Systems, part of ...
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