OIL

10,863 articles

Eni strikes deal to acquire stake offshore South Africa
Jun 10, 2013 (UPI)
Italian energy company Eni said Tuesday it was taking on an operator role on South Africa's coast after striking a deal with the country's Sasol Petroleum. Eni ...
China wants to set record straight on oil rig dispute
Jun 10, 2013 (UPI)
The Chinese government said it would set the record straight on disputes with Vietnam over an oil rig positioned in the South China Sea. Wang Min, China's deput...
Irish company Circle Oil drills its first offshore well in Tunisia
Jun 10, 2013 (UPI)
Circle Oil, an Irish exploration company with a focus on the Middle East, said it started an offshore drilling campaign in Tunisia, its first. The company said ...
MOL finds oil in area of Pakistan thought to contain 22 million barrels
Jun 10, 2013 (UPI)
Hungarian energy company MOL said Tuesday it made an oil discovery in an area in Pakistan close to estimated reserves of 22 million barrels. MOL, though the Gha...
Libyan oil production below 200,000 barrels per day
Jun 09, 2013 (UPI)
The Libyan government estimates crude oil exports are below 200,000 barrels per day because of ongoing internal political issues. The government said oil export...
Moroccan port authorities told tanker with Kurdish oil to leave their waters
Jun 09, 2013 (UPI)
Shipping data show tanker United Leadership, loaded with oil from the Kurdish north of Iraq, is still in the Atlantic Ocean because of Moroccan port issues. Mor...
Nigeria views Europe as a good market for natural gas
Jun 09, 2013 (UPI)
The top executive at a state-owned energy company in Nigeria said the European market is a good one for its abundant natural gas reserves. Members of the Europe...
Moscow seeks clarification on new gas pipeline planned for Europe
Jun 09, 2013 (UPI)
It's too early to comment on word the Bulgarian government has backed out of the planned South Stream gas pipeline, a Kremlin spokesman said Monday. Bulgarian P...
Iran wants to produce 5.7 million barrels of oil per day within three years
Jun 09, 2013 (UPI)
Iranian Oil Minister Bijan Zanganeh said his country aims to more than double its crude oil production within the next three years. The oil minister said Saturd...
Lundin Petroleum, which spent big on exploration this year, dinged again
Jun 09, 2013 (UPI)
Lundin Petroleum said Monday progress at the Brynhild field in Norwegian waters was delayed because of Shell's issues in the British sector. The Brynhild projec...
Phillips 66 buys what it says is the largest oil storage facility in its portfolio
Jun 06, 2013 (UPI)
U.S. energy company Phillips 66 said the 7.1 million-barrel oil storage facility in Beaumont, Texas, it agreed to buy will be the largest in its portfolio. Phil...
Greenpeace gets protest ship Arctic Sunrise back from Russian authorities
Jun 06, 2013 (UPI)
Protest vessel Arctic Sunrise, seized last year by Russian authorities, is back in the hands of Greenpeace, the advocacy group said Friday. "Our lawyers have si...
Russia's Lukoil adds pipelines to Iraqi oil field contract
Jun 06, 2013 (UPI)
Russian energy company Lukoil said it was including pipeline construction in the terms of its contract for the West Qurna-2 oil field in Iraq. Lukoil President ...
'Very clear' the Vietnamese are creating problems over rig, Beijing says
Jun 06, 2013 (UPI)
It's "very clear" the Vietnamese are the aggressors in ongoing melees surrounding an oil rig sitting in disputed waters, a Chinese official said. Rig HD-981, de...
More oil transported by U.S. rail than ever before
Jun 06, 2013 (UPI)
More crude oil was delivered on the U.S. rail network during first quarter 2014 than any other quarter in history, the Association of American Railroads said. A...
British energy minister, Queen Elizabeth question shale's role in energy mix
Jun 06, 2013 (UPI)
The British government is considering whether its policies on shale gas and geothermal energy are "fit for purpose," Energy Minister Michael Fallon said. The Br...
Turkish media reports second tanker of Kurdish oil has set sail
Jun 06, 2013 (UPI)
A second tanker of crude oil from the Kurdish north of Iraq has left the Turkish sea port at Ceyhan, a port official from Turkey said Friday. A vessel loaded wi...
Chinese vessels expand zone of protection around oil rig in disputed waters
Jun 05, 2013 (UPI)
Chinese authorities have expanded a zone of protection around an oil rig in the South China Sea by about 45 percent, a Vietnamese official said. China in early ...
N.D. Sen. Hoeven says more scrutiny needed to avoid another Lac-Megantic
Jun 05, 2013 (UPI)
More inspections are needed to ensure oil delivered on the U.S. rail network is safe, a leading senator from North Dakota said. U.S. Sen. John Hoeven, a Republi...
Baghdad wants complete control over Iraqi oil, Kurdish prime minister says
Jun 05, 2013 (UPI)
The Iraqi central government in Baghdad aims to control the issue of oil "completely," the prime minister of the semiautonomous Kurdish government said. The Uni...
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