OIL

10,863 articles

Oil services company Weatherford keeps 114 rigs after Rosneft deal
Jul 14, 2013 (UPI)
Oil services company Weatherford International said most of its rigs are positioned in the Middle East after selling off some of its assets to Russia's Rosneft....
NRDC: EPA decision on HFCs could bring major benefits
Jul 11, 2013 (UPI)
An EPA decision to ban some types of greenhouse gases will have clear impacts in the fight against climate change, the Natural Resources Defense Council said. T...
Major oil discovery confirmed in Norwegian Sea
Jul 11, 2013 (UPI)
Norwegian company VNG Norge, the operator, and minority partner Faroe Petroleum confirmed an oil discovery Friday in the Norwegian Sea. Graham Stewart, chief ex...
Chevron credits Permian Basin with increased output
Jul 11, 2013 (UPI)
Chevron said its net U.S. production so far during second quarter 2014 was higher than first quarter in part because of increases from the Permian shale basin. ...
Africa Petroleum Corp. assessing oil potential offshore Sierra Leone
Jul 11, 2013 (UPI)
African Petroleum Corp. said Friday it would acquire new data that would help verify promising reserve prospects off the coast of Sierra Leone. The company, whi...
LEGO called on to rethink relationship with Shell
Jul 11, 2013 (UPI)
Greenpeace said it was calling on LEGO to review its relationship with Royal Dutch Shell because of the oil company's environmental legacy. "We're asking LEGO t...
IEA: Oil production from OPEC members stable
Jul 11, 2013 (UPI)
Lower oil production from Iraq was offset by gains elsewhere from members of OPEC, the International Energy Agency said Friday. The Organization of Petroleum Ex...
Permian beats Bakken as top oil production shale basin
Jul 10, 2013 (UPI)
The Permian shale basin in the southern United States is the most prolific with output topping 1.3 million barrels per day, the Energy Department said. Permian ...
Gazprom Chairman Alexei Miller leads delegation to Croatia
Jul 10, 2013 (UPI)
Russian energy company Gazprom said it was considering more exploration work in Croatia, a host of the planned South Stream natural gas pipeline. Gazprom Chairm...
Kurdish government of Iraq says it will take legal action against oil buyers
Jul 10, 2013 (UPI)
The Kurdish government of Iraq said it may take legal action against any entity buying oil from the federal government because of constitutional issues. The sem...
OPEC expecting uptick in global economy
Jul 10, 2013 (UPI)
The Organization of Petroleum Exporting Counties said Thursday it expected the world will need more oil because of improvements in the global economy. Global oi...
Scientists say BP oil spill to blame for fish lesions in Gulf
Jul 10, 2013 (UPI)
Fish in the Gulf of Mexico have suffered skin lesions as a result of spilled crude oil, say scientists from the University of South Florida who, for the last fo...
Industrial groups call on Kerry to consent to Keystone XL
Jul 09, 2013 (UPI)
Keystone XL has been studied longer than any other project of its kind and it's time to start construction, advocates told U.S. Secretary of State John Kerry. M...
Gazprom subsidiary Centrgaz will build pipeline through Serbia
Jul 09, 2013 (UPI)
Russian natural gas company Gazprom announced a Serbian subsidiary will be tasked with building the South Stream natural gas pipeline in the country. "Centrgaz ...
Chevron leaves Lithuanian shale venture behind
Jul 09, 2013 (UPI)
U.S. supermajor Chevron announced it has shut down its offices in Lithuania and sold off half of its interests in the country. "Chevron closed its office in Vil...
Industry says it's premature to declare Libyan oil victory
Jul 09, 2013 (UPI)
Energy industry watchers said Wednesday optimism over the rebound of Libyan oil production should be tempered. Forecasts of the potential in Libya's oil sector ...
Iran expecting Russian investments in gas sector
Jul 09, 2013 (UPI)
Iran's deputy minister for gas affairs said Wednesday he was expecting Russia to start investing in the Iranian natural gas industry. Deputy Minister for Gas Af...
U.S. on pace to break 40-year oil production record
Jul 09, 2013 (UPI)
Expectations about total U.S. crude oil production for next year are the highest they've been in more than 40 years, the U.S. Energy Department said. The U.S. E...
Iraq risks ebbing from gasoline market, prices falling, AAA says
Jul 08, 2013 (UPI)
Gasoline prices continue to be inflated because of conflict in Iraq but the market seems adjusted and pain at the pump is easing, motor club AAA said. The start...
Federal and tribal energy sales on a steady decline, U.S. says
Jul 08, 2013 (UPI)
A drop in offshore natural gas production is behind the decline in sales of fossil fuels derived from federal and tribal lands, the U.S. Energy Department said....
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