OIL

10,863 articles

Energy sector reform in Ukraine needed for more aid, EU says
Jul 08, 2013 (UPI)
Energy sector reform in Ukraine is a condition for further financial support from the European Union, commissioner Stefan Fule said Tuesday from Brussels. Neigh...
June banner month for U.S. natural gas production, Platts forecasters say
Jul 08, 2013 (UPI)
June was a banner month for U.S. natural gas production from the Lower 48 states, a forecasting unit of Platts reported. June natural gas production was up 0.3 ...
Maersk taking $1.7 billion loss on Brazilian energy buy
Jul 08, 2013 (UPI)
Maersk Oil said Tuesday it was giving up on plans in Brazil after taking a $1.7 billion impairment on its assets there. The company in July 2011 bought stakes i...
Algeria envisions joint energy efforts with Tanzania
Jul 08, 2013 (UPI)
Algeria and Tanzania are in the advanced stage of talks regarding three separate energy projects, Algerian Energy Minister Youcef Yousfi said. Yousfi met in Alg...
Investment outlook good for Turkish sea port, Ceyhan
Jul 07, 2013 (UPI)
The Turkish sea port of Ceyhan has a bright future as a regional hub for Caspian and Iraqi oil, a Turkish business representative said Monday. Ceyhan is the ter...
EU energy commissioner reviews future of shale natural gas
Jul 07, 2013 (UPI)
Shale could eventually meet about 10 percent of the energy demand among European nations, European Energy Commissioner Gunther Oettinger said. Oettinger said co...
Kurdish operations unaffected by Iraqi violence, Oryx Petroelum says
Jul 07, 2013 (UPI)
Canadian energy company Oryx Petroleum said Monday its operations in the Kurdish north of Iraq were unaffected by violence in the rest of the country. The Sunni...
Harper: Collective efforts showing results one year after Lac-Megantic wreck
Jul 07, 2013 (UPI)
Canadian Prime Minister Stephen Harper said all Canadians have coordinated their efforts to respond to last year's deadly derailment in Lac-Megantic, Quebec. Su...
Russian economy could be hurt by falling oil exports
Jul 07, 2013 (UPI)
An anticipated drop in oil production by 2016 is expected to hurt the Russian economy, the Russian Finance Ministry said Monday. The ministry said Monday it exp...
Libyan oil export terminals ready to reopen
Jul 07, 2013 (UPI)
More than half of Libya's oil export potential may be back online after rebel forces handed over control of two key ports, the Libyan National Oil Co. said. Ras...
Iran's oil tanker company declares win with sanctions ruling
Jul 07, 2013 (UPI)
The company transporting Iranian crude oil to export markets should return to the European stage following an EU court decision last week, its director said. Al...
Libyan interim prime minister says country's oil crisis is solved
Jul 03, 2013 (UPI)
The Libyan government has regained control over two key oil terminals in the east of the country, the acting prime minister said. Rebels in eastern Libya last y...
Total makes strong move in the West of Shetland area
Jul 03, 2013 (UPI)
French energy company Total said Thursday it set up a solid foundation in the West of Shetland area with new development decisions. Total, alongside its partner...
Statoil to increase recovery rate from Oseburg Ost field
Jul 03, 2013 (UPI)
Norwegian energy company Statoil said Thursday it expects to extend the lifespan of its offshore Oseburg Ost field with a new drilling campaign next year. "We a...
Oklahoma quake surge linked to gas wastewater wells
Jul 03, 2013 (UPI)
The saline wastewater -- a byproduct of the oil and gas industry -- that's injected deep into the ground under intense pressure and high rates of speed, is resp...
Senate Democrats want clarification of oil export laws
Jul 03, 2013 (UPI)
There may have been some violations of the ban on crude oil exports from the United States, two Democratic senators told the Commerce Department. Pioneer Natura...
Genel Energy says its oil work in Kurdish north of Iraq secure
Jul 03, 2013 (UPI)
Turkish energy company Genel Energy said Thursday its oil operations in the Kurdish region of northern Iraq are "safe and secure." Genel said in a Thursday upda...
Sanchez Energy closes on Eagle Ford shale deal
Jul 01, 2013 (UPI)
Sanchez Energy Corp., a U.S. company focused on shale in the Gulf Coast region, said it made a strategic move by buying acreage in the Eagle Ford shale. Sanchez...
U.S. gasoline prices bucking trend, moving higher
Jul 01, 2013 (UPI)
U.S. retail gasoline prices should be high for much of July, bucking a seasonal trend, a spokesman for motor club AAA said. "It is shaping up to be a hot and ex...
Greenpeace says LEGO's relationship with Shell is troubling
Jul 01, 2013 (UPI)
Advocacy group Greenpeace International took a swipe Tuesday at LEGO for putting the logo of Royal Dutch Shell on its children's toys. Greenpeace published a 15...
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