OIL

10,863 articles

Kremlin brushes off U.S. sanctions on energy sector
Jul 17, 2013 (UPI)
The Kremlin is taking a "placid" posture over U.S. sanctions that reach into the energy sector, Russia's deputy foreign minister said Thursday. Washington rolle...
Texas voters to decide on hydraulic fracturing ban
Jul 17, 2013 (UPI)
The city of Denton could become the first in Texas to ban hydraulic fracturing outright after officials said the issue should be decided on the November ballot....
U.S. calls for comprehensive solution to Chinese oil rig row
Jul 17, 2013 (UPI)
The row between China and Vietnam over an oil rig in contested waters highlights the need to find a solution in international law, the U.S. government said. Chi...
Iran says oil exports to Asia in line with contracts
Jul 17, 2013 (UPI)
Any declines in Iranian oil exports are normal, though supplies to Asian economies are in line with contractual obligations, an executive said. Mohsen Qamsari, ...
Ukraine weathering Russian gas storm, Europe says
Jul 17, 2013 (UPI)
Some of the proposals offered to break the Russian grip on the Ukrainian energy sector are working, a top European official said Thursday in Brussels. Outgoing ...
Shell's Gulf discovery first with CNOOC partnership
Jul 16, 2013 (UPI)
A discovery in the deep waters of the Gulf of Mexico is the first for a partnership that includes a spinoff of China's state oil company, Shell announced. Shell...
Claims made by Dana Gas misleading, Kurdish government says
Jul 16, 2013 (UPI)
The Kurdistan Regional Government of Iraq said Wednesday it was upset with arbitration statements made by Emirati energy company Dana Gas. Dana said in a Sunday...
North Dakota calls for federal help in tackling crime
Jul 16, 2013 (UPI)
More federal drug enforcement agents are needed in western North Dakota, the heart of the state's oil boom, Sen. John Hoeven said. Hoeven said he's been working...
Rosneft signs agreement to help sell gas from Amazon jungle
Jul 15, 2013 (UPI)
Russian energy company Rosneft said it signed agreements with its Brazilian counterparts to help sell natural gas locked in the Amazon forest. Russian President...
Steam-injection blamed for oil spill at Cold Lake Weapons Range
Jul 15, 2013 (UPI)
Canadian Natural Resources Ltd. said a steam-injection practice at an oil extraction site in Alberta may have led to major oil spill there last year. More than ...
Lebanon scrubs offshore gas auction on revenue disputes
Jul 15, 2013 (UPI)
Lebanon's government postponed an offshore natural gas auction after rancor erupted Tuesday over the amount of revenue Beirut would get from energy companies. T...
U.S. putting abundance above diversity, IEA warns
Jul 15, 2013 (UPI)
Energy security is more about diversity than abundance in any one particular resource, the head of the IEA warned the United States. International Energy Agency...
Iran sets up committee with Russian energy company Gazprom
Jul 15, 2013 (UPI)
The Iranian government said a joint working group may be set up with Russian natural gas company Gazprom in an effort to broaden bilateral relations. Deputy Pet...
Israel to gain geopolitical leverage with offshore gas
Jul 14, 2013 (UPI)
Israel will be able to reap the benefits of energy independence through growing gas reserves at the offshore Leviathan gas field, a development executive said. ...
Dana Gas claims victory in arbitration case against Kurdistan Regional Government
Jul 14, 2013 (UPI)
Emirati energy company Dana Gas said it should start receiving payments from the Kurdish government in Iraq after winning a case in an international court. The ...
Russia to help Cuba wean itself from oil imports
Jul 14, 2013 (UPI)
Russian President Vladimir Putin said at the conclusion of a regional visit his government would help Cuba's state oil company develop offshore reserves. Putin ...
Kurdish action against oil fields irresponsible, Baghdad says
Jul 14, 2013 (UPI)
The Iraqi Oil Ministry said it denounced the takeover of two key crude oil production facilities by Kurdish military forces in the north of the country. "The Mi...
Oil exports from Yemen curbed after pipeline attack
Jul 14, 2013 (UPI)
The Yemeni Oil Ministry said restive tribesmen in Marib province attacked an oil pipeline, cutting exports to a Red Sea terminal. Yemen relies heavily on oil re...
Whiting Petroleum says it's the biggest player in Bakken, Three Forks
Jul 14, 2013 (UPI)
Whiting Petroleum Corp. said its acquisition of Kodiak Oil & Gas Corp. creates the largest producer in the Bakken and Three Forks region of North Dakota. Whitin...
Iranian crude oil tankers still restricted by sanctions, director says
Jul 14, 2013 (UPI)
Iranian crude oil tankers are still restricted by international sanctions because of problems with insurance coverage, an official said Monday. Ali Akbar Safaei...
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