OIL

10,863 articles

Acquisition contributes to Transocean loss
May 01, 2018 (UPI)
The rig company, which has its headquarters in Switzerland, reported an adjusted net loss for the first quarter of $210 million, compared with a net loss of $93...
Canadian pipeline fight may have U.S. consequences
May 01, 2018 (UPI)
A Kinder Morgan-led consortium planned to expand the Trans Mountain network to the western coast of Canada, tripling its design capacity to 890,000 barrels per ...
Iran: If we were Russians, we'd be OK
May 01, 2018 (UPI)
Iranian Oil Minister Bijan Zangeneh said Russia has so far been able to get some concessions given it's one of the largest oil and gas exporters in the world. I...
Underground gas migration can trigger small earthquakes, study finds
May 01, 2018 (UPI)
Researchers measured such an earthquake beneath the Maramara Sea, not far from Istanbul, Turkey. In the wake of an earthquake, the distribution of tectonic stre...
Norway's Statoil selling off assets in North Sea
Apr 30, 2018 (UPI)
The company, co-owned by the government, reported net operating income of $5 billion, up from the $4.3 billion during the first quarter of 2017. Earnings after ...
Easing tensions, higher sector activity send oil prices lower
Apr 30, 2018 (UPI)
A thaw on the Korean peninsula continues to ease investor nerves rattled by bellicose rhetoric between U.S. President Donald Trump and North Korean leader Kim J...
Continental books room on shale gas network
Apr 30, 2018 (UPI)
Continental secured a transportation agreement for access to Project Wildcat, a takeaway project steered by Enable Midstream Partners for Oklahoma shale resourc...
One dead at Iranian gas field accident
Apr 30, 2018 (UPI)
Aside from crude oil, Iran, one of the leading producers in the Organization of Petroleum Exporting Countries, has some of the largest deposits of natural gas i...
More heat on British Columbia over Trans Mountain pipeline
Apr 30, 2018 (UPI)
The provincial government this week asked the courts to confirm its jurisdiction over the right to regulate the environmental and economic impact of the transpo...
Eni feels confident as long as oil prices hold above $55 per barrel
Apr 30, 2018 (UPI)
I confirm the objective of cash neutrality for 2018 at a Brent price of $55 per barrel, CEO Claudio Descalzi said in a statement Friday. For the first quarter, ...
U.S. GDP figures balance Korean Detente in oil markets
Apr 30, 2018 (UPI)
North Korean leader Kim Jong Un crossed into South Korean territory Friday to shake hands with his counterpart from Seoul, Moon Jae-in. In a historic summit at ...
Exxon: Papua New Guinea quake bruised quarterly figures
Apr 30, 2018 (UPI)
In its quarterly report, Exxon said Friday that the 7.5-magnitude quake in late February took $80 million off its earnings and cut production by around 25,000 b...
German utility EON makes Innogy offer public
Apr 30, 2018 (UPI)
E.ON, the German utility, published the details of its $6.3 billion offer for a share in Innogy, a spinoff from the larger energy group RWE. Plans were unveiled...
Gazprom completes section of TurkStream pipeline
Apr 30, 2018 (UPI)
"Today at the Black Sea coast of Turkey, the deep-water pipelay for Line 1 of the TurkStream offshore gas pipeline has been completed," the Russian company stat...
Offshore safety rules gain clarity, supporters say
Apr 30, 2018 (UPI)
On Friday, the U.S. Interior Department's Bureau of Safety and Environmental Enforcement outlined proposed rules on offshore drilling safety mechanisms like blo...
Russian Central Bank sees little risk from oil price volatility
Apr 30, 2018 (UPI)
The bank kept its key rate stable at 7.25 percent annually. The inflation outlook is low, but the value of the national currency was under pressure from geopoli...
Cuba gives one of the permits needed for oil drilling
Apr 30, 2018 (UPI)
Melbana Energy Ltd., which changed its name last year from MEO Australia to broadcast a Caribbean flair, said the Cuban Ministry of Science and Technology gave ...
U.S. extends comment period for Beaufort Sea drilling
Apr 26, 2018 (UPI)
The Bureau of Ocean Energy Management solicited the information on a proposed lease in the Alaskan waters of the Beaufort Sea next year. The proposal, still in ...
Iraq grants oil exploration permits near Iran and Kuwait
Apr 26, 2018 (AFP)
Licences have been issued to two Chinese companies and one Emirati firm for three blocs close to Iran and one near Kuwait, according to the ministry. The minist...
The market future is uncertain, Total says
Apr 26, 2018 (UPI)
The price for Brent crude oil was marching toward $75 per barrel early Thursday. With U.S. President Donald Trump expected to renege on the Iranian nuclear deal...
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