OIL

10,863 articles

Eni signs agreement in Venezuelan gas field seen as one of the largest in the world
Jun 05, 2013 (UPI)
Italian energy company Eni said it signed an agreement to help develop the Perla gas field in Venezeula, one of the largest offshore finds in recent history. En...
Pipeline to carry gas to Europe from Azerbaijan looking for contractors
Jun 05, 2013 (UPI)
Potential contractors for the planned Trans-Adriatic pipeline for Europe need to demonstrate "very specific expertise," the project consortium said Thursday. Th...
Energy Department says shale production lessens impact of hurricanes
Jun 04, 2013 (UPI)
Strong growth in onshore U.S. oil and gas production means fewer problems from hurricanes, the analytical arm of the U.S. Energy Department said Wednesday. Sund...
Analysis finds gas production increasing just in time for U.S. consumers
Jun 04, 2013 (UPI)
U.S. natural gas production from the Lower 48 states in May beat a monthly high set in April by 0.6 percent, analysis shows. Bentek Energy, the forecasting divi...
New Zealand report assesses best ways to manage fracking
Jun 04, 2013 (UPI)
The New Zealand government said Wednesday it could safely develop its petroleum resources safely even if hydraulic fracturing is employed. Members of the New Ze...
Pipeline that could break Russia's hold on EU gas moving forward
Jun 04, 2013 (UPI)
The Trans-Adriatic gas pipeline for Europe is still moving forward despite decisions from influential stakeholders to leave, a project spokesperson said. TAP "r...
Exports of Kurdish oil helped Iraq, Turkish energy minister says
Jun 03, 2013 (UPI)
Turkey is doing its neighbors in Iraq a favor by hosting the first shipment of oil from the semiautonomous Kurdish north, the Turkish energy minister said. The ...
Ukraine still owes Gazprom for more than 340 billion cubic feet of gas
Jun 03, 2013 (UPI)
Ukrainian energy company Naftogaz has yet to pay for more than 340 billion cubic feet of Russian natural gas, a spokesman for Gazprom said Tuesday. Gazprom spok...
Total signs $1.1 billion deal to help develop ultra-deep Nigerian waters
Jun 03, 2013 (UPI)
Offshore drilling company Seadrill Ltd. said it signed a $1.1 billion deal with French energy company Total to help develop reserves in the deep waters off the ...
IEA report says right policies needed as much as right investments
Jun 03, 2013 (UPI)
It will require $48 trillion in investments through 2035 to meet the world's growing energy needs, the International Energy Agency said Tuesday from Paris. IEA ...
Small British company sees big potential in shale oil and gas
Jun 03, 2013 (UPI)
A small energy company, Union Jack Oil, said there may be as much as 5.4 billion barrels of oil and 2.7 trillion cubic feet of gas in British shale deposits. Un...
Exxon wins right to explore transboundary oil and gas areas in the Gulf of Mexico
Jun 02, 2013 (UPI)
Exxon Mobil won the first three oil and gas leases for an area straddling the U.S.-Mexican border in the Gulf of Mexico, the U.S. Interior Department said. Exxo...
Turkey buys stake in Azeri gas field to break Russia's grip on energy sector
Jun 02, 2013 (UPI)
Turkey says its move to acquire a stake in the Shah Deniz natural gas field off the coast of Azerbaijan is part of a regional diversification strategy. State-ow...
Ukraine averts gas crisis by settling some debt with Gazprom
Jun 02, 2013 (UPI)
Payments for gas deliveries in February and March were made by the Ukrainian government, averting a disruption, the Russian Energy Ministry said Monday. The Ukr...
Marathon Oil unloads its Norwegian assets in $2.7 billion deal
Jun 02, 2013 (UPI)
Marathon Oil Corp. said Monday it sold off its Norwegian subsidiary to its Norwegian counterpart, Det Norske, for $2.7 billion. "The sale of our Norway assets a...
Oil tensions with China highlight Vietnam's economic vulnerabilities
Jun 02, 2013 (UPI)
Amid tensions over a Chinese oil rig in disputed waters, an economic policy center in Hanoi said Vietnam needs to take steps to reduce its ties to China. An ann...
Gazprom working in Iraq on oil developments
Jun 02, 2013 (UPI)
Russian oil company Gazprom Neft said Monday it started preliminary oil production from the Badra oil field in Iraq, where it serves as the operator. Badra is l...
Domestic energy production enough to meet more than 80 percent of U.S. demand
Jun 02, 2013 (UPI)
Enough energy was produced in the United States last year to meet more than 80 percent of the nation's demands, the Energy Department said Monday. The U.S. Ener...
Algeria eager to replicate U.S. success with shale oil and gas
Jun 02, 2013 (UPI)
The Algerian government views shale oil and natural gas as a way to add diversity to its energy sector, Algerian Energy Minister Youcef Yousfi said. Yousfi met ...
More hydraulic fracturing planned for Mississippi
Jun 02, 2013 (UPI)
Goodrich Petroleum Corp. said Monday it was declaring success with its latest hydraulic fracturing campaign in a shale basin in Mississippi. The company said it...
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