OIL

10,863 articles

In India, Shell agrees to buy LNG from Total
Aug 27, 2018 (UPI)
Total on Monday signed a binding letter of intent to sell its 26 percent stake in the Hazira regasification terminal in India to Royal Dutch Shell. At the same ...
Final assessment of Beaufort Sea oil project completed
Aug 24, 2018 (UPI)
The U.S. Bureau of Ocean Energy Management published its assessment of a development and production plan submitted by Hilcorp Alaska to develop its Liberty pros...
Easing trade tensions, weaker dollar supporting the price of oil
Aug 24, 2018 (UPI)
Trade tensions between the United States and China have been met with concerns the disputes could lead to an all-out trade war that would slow the global econom...
Norway signs off on new North Sea development
Aug 24, 2018 (UPI)
The Norwegian Petroleum Directorate, the nation's energy regulator, announced it granted approval for a September start date for production from the Oseberg H u...
Gas prices could jump ahead of Labor Day
Aug 24, 2018 (UPI)
AAA reported a national average retail price of $2.84 for a gallon of regular unleaded gasoline, a fraction of a percent higher than Thursday but more or less t...
Lane threatens Hawaii's energy security
Aug 24, 2018 (UPI)
The National Hurricane Center said Lane is a Category 3 hurricane that could make landfall in Hawaii at some point on Friday. "On the latest forecast track, the...
Norway urges caution in 2019 oil and gas investment forecast
Aug 23, 2018 (UPI)
Statistics Norway, the government's record-keeping agency, said it expected total investments in the oil and gas sector next year of $19.8 billion, about 6 perc...
Trade concerns resurface to push oil prices lower
Aug 23, 2018 (UPI)
Brent crude oil ended the trading day Wednesday up 2.96 percent after the U.S. government reported a bigger drain on domestic crude oil inventories. The supply-...
British producer Premier Oil reaches milestone in output
Aug 23, 2018 (UPI)
"Premier met its operational targets for the period," Chief Executive Tony Durrant said in a statement. "The Catcher area is now at plateau production rates whi...
Australia's Santos says oil production hit 4-year high
Aug 23, 2018 (UPI)
Santos announced Wednesday it targeted Quadrant in a $2.15 billion acquisition, setting it up to be one of the strongest producers in Australia. Santos, alongsi...
Canadian oil exports by rail nearly doubled
Aug 23, 2018 (UPI)
Canada designates nearly all of its oil exports to the United States. For the last week in June, U.S. federal data show Canada exports to the United States were...
Russian-German joint venture hits oil production milestone
Aug 23, 2018 (UPI)
Wolgodeminoil, a joint venture between Wintershall and Russian energy company Lukoil, announced Thursday their effort over 5,200 square miles in southern Russia...
Supply pressures add up to rally in crude oil prices
Aug 22, 2018 (UPI)
The American Petroleum Institute reported after the close of trading Tuesday that U.S. crude oil inventories declined 5.17 million barrels last week. That was m...
Venezuela denies Colombia's claims of armed forces incursion
Aug 22, 2018 (AFP)
Venezuela has "no doubts in qualifying" the news as "another false positive," the foreign ministry said in a statement. "There was no incursion of any sort eith...
Scotland sees North Sea revenue boost
Aug 22, 2018 (UPI)
The Scottish government, in its latest report on expenditure and revenue, reported total public sector revenue at an estimated $76.7 billion. Of that, $1.5 bill...
U.S. punishes Russia for oil transfers to North Korean ships
Aug 22, 2018 (UPI)
The U.S. Treasury Department sanctioned five Russian-flagged vessels for ship-to-ship transfers of oil to North Korean-flagged vessels, in violation of U.N. Sec...
First oil well in 40 years scheduled for offshore Gambia
Aug 22, 2018 (UPI)
After reviewing seismic data, FAR Ltd. said it selected a final well location for its first drilling effort in the Samo prospect off the coast of Gambia. Seismi...
U.S. piped gas displacing Mexican LNG imports
Aug 22, 2018 (UPI)
A briefing from the U.S. Energy Information Administration found that expansions to U.S. natural gas pipelines to Mexico have led to an overall increase in expo...
Australia's Santos a major gas player with acquisition
Aug 22, 2018 (UPI)
"This acquisition delivers increased ownership and operatorship of a high quality portfolio of low cost, long-life conventional Western Australian natural gas a...
Energy services group Wood upbeat despite first half loss
Aug 21, 2018 (UPI)
The company, formally Wood Group, reported a $52 million loss for the first six months of the year. Net debt, not counting the load carried by its joint venture...
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