OIL

10,863 articles

Deep water campaign to keep Norwegian drilling company in BP's corner
May 20, 2013 (UPI)
Norwegian oil services company Odfjell Drilling said Tuesday it amended its contract with BP to work off the coast of Angola through 2015. The company amended i...
More sections of South Pars, a giant Iranian natural gas field, expected online
May 19, 2013 (UPI)
Three more sections of the South Pars natural gas field in the Persian Gulf are expected online this year, Iranian Oil Minister Bijan Zangenah said. The Iranian...
More Russian gas for China a matter of security, President Putin says
May 19, 2013 (UPI)
Russian President Vladimir Putin said Monday from Shanghai that a stronger energy relationship with China would provide mutual benefits. A 2009 framework agreem...
U.S. weighing options on 1970s oil export ban
May 19, 2013 (UPI)
The White House is reviewing its policy options regarding legislation enacted in 1975 that restricts U.S. crude oil exports, a presidential assistant said. Crud...
Ukraine could break Russia's iron grip through fracking, presidential candidate says
May 19, 2013 (UPI)
Ukrainian presidential candidate Oleh Liahsko said shale gas could help bring a layer of political and economic independence to a new Ukrainian government. Liah...
New 'mapping-while-drilling' technology offered by Schlumberger
May 19, 2013 (UPI)
Oil services company Schlumberger announced Monday that it will introduce the first ever drilling service option that can map reservoirs at the same time . The ...
Campaign to expand on drilling success in Morocco for Irish company Circle Oil
May 19, 2013 (UPI)
Circle Oil, an Irish exploration company with a focus on the Middle East, said Monday it started its third drilling campaign in Morocco. "Circle is very pleased...
Ireland aims to duplicate oil, gas success of its neighbors
May 16, 2013 (UPI)
The Irish government wants to erase the near 40-year drought of successful exploration in the waters off its coast, Irish Minster of State Fergus O'Dowd said. O...
Fracking concerns raised for Maryland gas export facility
May 16, 2013 (UPI)
Environmental advocacy groups said U.S. regulators need to restart their review process for an export license for liquefied natural gas from Cove Point, Md. The...
Algeria, more than a year after terror attack, preps for new gas plant
May 16, 2013 (UPI)
German energy company RWE Dea announced Friday the signing of a $976 million contract to help build a natural gas plant in the Algerian desert. The German oil a...
EPA gives gasoline break to southern states because of good air quality
May 16, 2013 (UPI)
The Environmental Protection Agency said it waived gasoline requirements for parts of North Carolina and Florida because of good air quality standards. EPA said...
New all-time high for oil production from Bakken formation in North Dakota
May 14, 2013 (UPI)
Preliminary data from March show oil production in North Dakota has reached a new all-time high, the state's Department of Natural Resources said. The North Dak...
Vietnam-China South China Sea conflict developing into dangerous checkmate scenario
May 14, 2013 (UPI)
The Chinese deployment of Marine Oil 981 offshore drill rig to the coast of Vietnam in early May was yet another serious escalation in an already tense South Ch...
Gulf Keystone Petroleum expects financial boost from controversial Kurdish oil
May 14, 2013 (UPI)
Production revenues from oil produced from the Kurdish north of Iraq should increase this year, Gulf Keystone Petroleum said Wednesday. Gulf Keystone, which has...
Japan's Inpex Corp. announces gas is flowing from field off Indonesia coast
May 14, 2013 (UPI)
Japanese company Inpex Corp. said Wednesday gas was flowing from its South Belut gas field off the coast of Indonesia for the first time. Inpex, though a region...
Campaigners call on EPA to address shortfalls in 'toxic pollutants' from fracking
May 14, 2013 (UPI)
Advocacy group Earthrights International said it wants the U.S. Environmental Protection Agency to address issues tied to emissions from the oil and gas sector....
It's not North Dakota, but the Eagle Ford shale in Texas that tops oil production
May 13, 2013 (UPI)
Oil production from the Eagle Ford shale play in Texas is expected to increase by 27,000 barrels per day next month, a U.S. government report said. The Energy I...
OPEC: U.S. economy slowing down, China taking on more crude oil
May 13, 2013 (UPI)
Though the European economy is showing signs of recovery, OPEC said Tuesday much of the growth in oil demand is coming from the Middle East and China. The Organ...
Austrian energy company OMV says security issues dragged on Libya oil output
May 13, 2013 (UPI)
Operations in Libya for Austrian energy company OMV were curtailed sharply by security issues, CEO Gerhard Roiss said Tuesday. OMV said its production for first...
Israeli partners raise $2 billion to develop one of largest gas fields in the world
May 12, 2013 (UPI)
The $2 billion raised to develop the Leviathan natural gas field offshore Israel will help support the country's energy revolution, a corporate director said. D...
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