OIL

10,863 articles

U.S. tariff response swift and critical
Jun 01, 2018 (UPI)
At midnight, the U.S. government reinstated a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports. Citing national security concerns,...
CNOOC awards contract for oil field in South China Sea
Jun 01, 2018 (UPI)
The oil and gas services company said it was awarded a contract by China National Offshore Oil Corp., the largest offshore oil and gas producer in China, for su...
Russia, Austria vow to improve strategic energy ties
Jun 01, 2018 (UPI)
The Russian energy company and OMV signed their first agreement for Russian gas deliveries to the Austrian market on this date in 1968. With that agreement, Aus...
HRW: Lawsuits muzzling free speech in the environmental community
May 31, 2018 (UPI)
A lawsuit filed by Canadian logging company Resolute Forest Products against Greenpeace, Stand.earth and a handful of staff members uses the Racketeer Influence...
U.S. spending driven by higher gas prices
May 31, 2018 (UPI)
The U.S. Commerce Department reported personal income improved $49.5 billion, or 0.3 percent, in April. Disposable personal income increased $60.9 billion, or 4...
Oil prices spreading apart, mirroring global rifts
May 31, 2018 (UPI)
U.S. President Donald Trump is widely expected to follow through with a decision to impose tariffs on steel and aluminum imports from Canada, Mexico and the Eur...
Johan Sverdrup topside heads to North Sea
May 31, 2018 (UPI)
The company announced a 22,000-ton top half of a drilling platform has left a shipyard in Norway operated by Norwegian service company Aibel. The structure, cal...
Shell brings new partner behind Canadian LNG plans
May 31, 2018 (UPI)
Shell and its equity partners behind LNG Canada, a joint venture steering a liquefied natural gas project planned for British Columbia's port city of Kitimat, s...
Iran wants sanctions considerations at OPEC
May 31, 2018 (UPI)
The Iranian government is busy courting European, Russian and Chinese leaders for continued support of the U.N.-backed agreement that offered sanctions relief i...
Trans Mountain decision could end provincial infighting
May 30, 2018 (UPI)
After spending more than $850 million (USD) since it petitioned federal regulators for the project in 2013, pipeline company Kinder Morgan signaled in April tha...
Texas oil production higher, but data are mixed
May 30, 2018 (UPI)
The Texas Railroad Commission, the state energy regulator, reported total state crude oil production in March, the last full month for which data are available,...
Kenya closer to building an oil export pipeline
May 30, 2018 (UPI)
Oil and gas engineering services company Wood said it was awarded the initial phase of a front-end engineering design contract to help build momentum behind a p...
Equinor embarks on new era in Azerbaijan
May 30, 2018 (UPI)
Equinor, formerly Statoil, signed agreements with State Oil Company of Azerbaijan Republic on production and development of a series of fields in the Caspian Se...
Even as first driving bans hit, Germany still clinging to diesel
May 30, 2018 (AFP)
A 1,600-metre (one mile) stretch of highway and a 580-metre section of another major road will be closed to older diesels. The port city is the first to act on ...
Demand signals pull oil prices higher
May 30, 2018 (UPI)
The price for Brent crude oil, the global benchmark, shed nearly $5 per barrel since Russia joined the Organization of Petroleum Exporting Countries to signal m...
U.S. gasoline prices follow the drop in oil price
May 30, 2018 (UPI)
Motor club AAA reported a national average retail price of $2.96 for a gallon of regular unleaded on Wednesday, just a fraction lower than the previous day, but...
Senegal's oil has good break-evens
May 30, 2018 (UPI)
FAR is an Australian company, but has West African oil basins at the core of its portfolio. The company and its joint venture partners in March completed a geot...
Total pushing OPEC-member Angola back to life
May 29, 2018 (UPI)
Total leads a consortium developing the Zinia 2 offshore development in Block 17 of the Pazflor field. A budget of $1.2 billion will be used to tap nine wells c...
Oil prices mixed on trade strains and production gains
May 29, 2018 (UPI)
Russian Energy Minister Alexander Novak said last week that parties to an effort steered by the Organization of Petroleum Exporting Countries may pull back from...
Revenue jumps from Russian oil producer Gazprom Neft
May 29, 2018 (UPI)
The company is the oil-producing arm of state-controlled Gazprom. In a report on the first three months of the year, the company said net production, including ...
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