OIL

10,863 articles

BP says most contracts awarded for gas field meant to break Russia's European grip
May 27, 2013 (UPI)
\Most of the contracts for a natural gas pipeline from Azerbaijan to Europe have now been awarded, BP regional President Gordon Birrell said. BP and the South C...
How Turkey's regional ambitions tie into disputes over Iraqi oil
May 27, 2013 (UPI)
Turkey is flexing diplomatic muscle and showing it's ready to position itself as a key energy hub with the export of Kurdish oil, an international analyst said....
Injuries on the job in Norway's oil and gas sector decline
May 27, 2013 (UPI)
The number of workplace injuries reported for oil and gas operations in Norwegian territory are in a general decline, a national safety regulator said. Petroleu...
British government reviews shale oil potential in country's southeast
May 23, 2013 (UPI)
The British government said Friday it estimates there may be as much as 8.5 billion barrels of oil in a shale basin in the southeast of the country. The British...
Holiday travelers paying about the same at the pump, Energy Department says
May 23, 2013 (UPI)
U.S. drivers are paying an average $3.67 for a gallon of gasoline ahead of Memorial Day, the start of summer driving season, the Energy Department said Friday. ...
U.S. rail regulator said most rail companies following rules for Bakken oil
May 23, 2013 (UPI)
The U.S. rail industry is following the rules for shipping Bakken crude oil, though some violations exist on the margins, the nation's top rail regulator said. ...
Expanding Nord Stream, building South Stream, will help Europe with gas, Gazprom says
May 23, 2013 (UPI)
Expanding the Nord Stream pipeline through the Baltic Sea, and building the South Stream counterpart, is good for Europe, Russian energy company Gazprom said. A...
Vietnam calls on China to remove oil rig from disputed waters
May 22, 2013 (UPI)
China is called on to remove an oil rig deployed illegally in Chinese waters, the Vietnamese National Assembly said Thursday. The assembly said in a statement t...
Gas deal in Beijing gives Gazprom chance to get beyond European woes
May 22, 2013 (UPI)
An energy deal between Russia and China gives Russia's gas company Gazprom a chance to balance its portfolio against European woes, analysis said Thursday. Gazp...
Mozambique gas story continues for Italian energy company Eni
May 22, 2013 (UPI)
Italian energy company Eni said it discovered natural gas in a well in an area off the Mozambique coast thought to hold 85 trillion cubic feet of gas in place. ...
Europe can emerge strong with right energy steps, EC president says
May 22, 2013 (UPI)
If Europe can react well to energy woes tied to Ukraine, energy security will be stronger than ever before, the European Commission president said in Brussels. ...
Hess makes retail gas station sale to transform into a new type of company
May 22, 2013 (UPI)
Hess Corp. Chief Executive Officer John Hess said Thursday the $2.6 billion sale of its retail business to Marathon is in line with a shift to upstream energy. ...
Asian taking on more African crude as U.S. production grows
May 22, 2013 (UPI)
U.S. crude oil imports from African producers are declining because of domestic production and China is taking up the slack, the Energy Department said. The rap...
Erosion leaves pit under production platform in the North Sea
May 21, 2013 (UPI)
Norwegian energy company Statoil said it will keep operations at the platform tied to its giant Snorre field in the North Sea closed to investigate subsea erosi...
Woodside says it's done trying to grab stake in giant Israeli gas field
May 21, 2013 (UPI)
Australian energy company Woodside Petroleum announced its decision to pull out of an agreement to join a partnership at Israel's offshore Leviathan gas field. ...
Iran says foreign contracts are at risk of expulsion
May 20, 2013 (UPI)
Foreign contractors working in the Iranian energy sector need to stay committed to their obligations or face expulsion, a development official said Tuesday. Abd...
Open gas spigot in German would provide 'guarantees' for Russia's customers
May 20, 2013 (UPI)
Operating Germany's Opal gas pipeline at 100 percent would address regional transit issues for Europe and Gazprom alike, Russia's energy minister said Tuesday. ...
British public rightly concerned by fracking operations
May 20, 2013 (UPI)
A British energy sector move toward shale natural gas is a move in the wrong direction and the public is taking notice, a British advocacy group said. British F...
Russian energy deals with China have nothing to do with European crises, minister says
May 20, 2013 (UPI)
A "massive" contract in the works for Chinese energy has nothing to do with challenges in the European gas sector, Russia's energy minister said Tuesday. Russia...
House committee says more pipelines would keep gas bills lower
May 20, 2013 (UPI)
The U.S. House Energy and Commerce Committee says it's time to build domestic natural gas infrastructure before winter energy demands increase. The committee sa...
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