OIL

10,863 articles

More than a year after security scare, Austria's OMV to invest in Tunisian gas
May 30, 2013 (UPI)
Austrian energy company OMV said Friday it was investing $680 million in the Nawara gas field development project in Tunisia. "OMV is fully committed to investi...
Friends and foes alike weigh in on Department of Energy policies
May 30, 2013 (UPI)
A decision on U.S. liquefied natural gas exports is part of an administrative roadblock, congressional leaders say, though environmentalists declared a win. The...
Reversing oil export ban will drive economic growth, API says
May 30, 2013 (UPI)
Even states that don't produce much oil could benefit from the lifting of a 1970s-era export ban, a report prepared for the American Petroleum Institute says. T...
Annual report shows Vietnamese economy could slow down because of rig tensions
May 30, 2013 (UPI)
Growth in the Vietnamese economy could slow in part because investors are growing wary of tensions surrounding a Chinese oil rig, an economic report said. China...
Libya's oil company has new outlook
May 30, 2013 (UPI)
The chairman of the Libyan National Oil Corp. said the government aims to hold an auction for new oil licenses once political hurdles are cleared. Companies int...
Ukraine's justice minister says legal notice given to Russia's Gazprom
May 30, 2013 (UPI)
The drafting of a lawsuit against Russian energy company Gazprom is in the final stages, Ukrainian Justice Minister Pavlo Petronko said. Ukraine has a Friday de...
Deliveries could begin in 2019 from natural gas export facility in Texas
May 30, 2013 (UPI)
U.S. gas company Cheniere Energy said Friday its Spanish counterpart, Iberdrola, agreed to buy liquefied natural gas from a planned export terminal in Texas. Ch...
Iran aims to increase energy partnerships with Turkish neighbors
May 30, 2013 (UPI)
Iran expects to add to the $10 billion trade relationship with Turkey through further cooperation in the energy sector, Iran's ambassador to Ankara said. Ambass...
Visiting Sen. Ben Cardin says China is stoking tensions over oil rig
May 29, 2013 (UPI)
China should work to calm the row over a drilling rig deployed in waters disputed by Vietnam rather than acting provocatively, a visiting U.S. senator said. The...
Gulf of Mexico a 'critical component' of U.S. energy policy, government says
May 29, 2013 (UPI)
The U.S. energy portfolio continues to count on the Gulf of Mexico as a "critical component," visiting U.S. Deputy Interior Secretary Mike Connor said. Connor s...
Moscow expects to see formal agreements on Kiev gas debt by week's end
May 29, 2013 (UPI)
An agreement on gas debt between Ukraine and Russian energy company Gazprom may be finalized by the end of the week, a negotiator said Thursday. Russian Energy ...
Shell makes its first LNG sale to Japan's third-largest utility company
May 29, 2013 (UPI)
The third largest electric company in Japan, Chubu Electric Power Co., will start receiving liquefied natural gas under a 20-year deal, Shell said Thursday. "Sh...
Statoil divides oil sands interests in Canada with Indonesian counterpart
May 29, 2013 (UPI)
Norwegian energy company Statoil said Thursday it paid an Indonesian counterpart $200 million to split up oil sands interests in Alberta, Canada. Statoil and PT...
British government blames mine closures, offshore woes, for declining production
May 29, 2013 (UPI)
Total production of natural resources in the United Kingdom fell because of mine closures and offshore field declines, the government said Thursday. The British...
State Department spokeswoman says China largely to blame for rig tensions
May 28, 2013 (UPI)
China is to blame for most of the tensions surrounding the deployment of an oil rig in the South China Sea, a spokeswoman for the U.S. State Department said. A ...
Mexican oil exports to U.S. market at lowest levels since 1993
May 28, 2013 (UPI)
Though it's still the third-largest source of foreign crude, imports from Mexico are at their lowest levels in a decade, the U.S. Energy Department said. The U....
Scotland could realize vast oil and gas wealth through independence
May 28, 2013 (UPI)
Oil and natural gas wealth in the North Sea is expected to become major financial asset for Scotland on independence, the finance secretary said Wednesday. "Nor...
Fukushima disaster means Japan needs more gas from new resource
May 27, 2013 (UPI)
Japan will receive the first shipment of liquefied natural gas from a project led by Exxon Mobil in Papua New Guinea, project developers said. Tokyo Electric Po...
French services company Technip to help feed growing Chinese demand for gas
May 27, 2013 (UPI)
French energy services company Technip said it secured a contract to help build a liquefied natural gas terminal in China. Chinese company Fengzhen Wanjie Gas C...
Russian energy company will keep gas flowing under proposed Ukrainian gas deal
May 27, 2013 (UPI)
Russian energy company Gazprom agrees to keep gas flowing through Ukraine for June without pre-payment from Ukraine, the European Union said. European Energy Co...
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