OIL

10,863 articles

Oil stimulating the economy of Ghana, IMF says
Apr 10, 2017 (UPI)
Ghana's expanding oil and gas prospects are expected to spur economic growth. British energy company Tullow Oil is working to develop the Jubilee field off the ...
Brent decommissioning opaque, environmentalists say
Apr 10, 2017 (UPI)
Royal Dutch Shell hasn't provided enough information on plans to take down key North Sea infrastructure to address our concerns, environmental groups said. Shel...
Alberta takes economic and trade message to Asia
Apr 10, 2017 (UPI)
Canadian Trade Minister Deron Bilous joins Alberta Premier Rachel Notley for a 10-day visit to China and Japan. "Our exports to Asia are represented by our majo...
Iran sees foreign investments in energy sector stable
Apr 10, 2017 (UPI)
Iran expects more, not less, foreign investments in its oil and natural gas sector because of fewer sanctions restrictions, the oil minister said. Iranian Oil M...
More oil on the market than last year, a report finds
Apr 10, 2017 (UPI)
"Even after taking into account production cut pledges from the eleven non-OPEC countries, unplanned outages in Canada as well as in the North Sea, we expect pr...
U.S. offshore oil production on the rise
Apr 10, 2017 (UPI)
Eight new fields in the U.S. waters of the Gulf of Mexico started producing oil last year, leading to a high-water mark of 1.6 million barrels per day, beating ...
Oil prices rally on geopolitical tensions
Apr 10, 2017 (UPI)
Geopolitical factors spilled over into the broader economic mood early Monday to send crude oil prices sharply higher in early trading. International relations ...
Iran vows to match Qatar in terms of overall energy production
Apr 10, 2017 (UPI)
Iran's Oil Ministry last month said production started from the oil layer in the South Pars field complex in the Persian Gulf for the first time. Using a floati...
Gas at $3 per gallon could hurt U.S. economy
Apr 10, 2017 (UPI)
U.S. retail gasoline prices have been on a steady increase for the better part of the year. Motor club AAA reports a national average price for a gallon of regu...
Russia takes conservative approach on the price of oil
Apr 10, 2017 (UPI)
"Taking into account that world oil reserves remain at a high level and intensive growth of shale oil production in the United States, we are lay[ing] down $40 ...
North American rig count increased in March
Apr 07, 2017 (UPI)
Exploration and production activity in North America outpaced the rest of the world in terms of general gains, oilfield services company Baker Hughes reported. ...
Saudi 'fully backs' US strike on Syria base
Apr 07, 2017 (AFP)
Saudi Arabia said Friday that it "fully backs" a US air strike on a Syrian government airbase in retaliation for a suspected chemical weapons attack on a rebel-...
Senegal oil efforts financed, FAR Ltd. says
Apr 07, 2017 (UPI)
A cash infusion from the placement of shares in West African oil and gas explorer FAR Ltd. is testimony to the region's potential, its managing director said. T...
New Zealand defends energy sector in wake of Shell exit
Apr 07, 2017 (UPI)
Shell's planned exit from a natural gas field in New Zealand doesn't indicate negativity in the country's natural reserves, a national petroleum manager said. R...
Kuwait seeks U.S. support for airbase makeover
Apr 07, 2017 (UPI)
The U.S. State Department has approved Kuwait for a possible Foreign Military Sale of support for facilities and infrastructure construction. The proposed deal,...
Norway issues new drilling permits for North and Barents Seas
Apr 07, 2017 (UPI)
The government of Norway, one of the largest oil and gas exporters to Europe, said Friday it signed off on new drilling permits in its territorial waters. Norwe...
Conflict-surge in oil prices fades on rig, labor figures
Apr 07, 2017 (UPI)
An overnight surge in crude oil prices moderated in the hour before the start of U.S. trading Friday with rig counts and labor figures putting a lid on the rall...
West African explorer FAR Ltd. gets cash injection
Apr 06, 2017 (UPI)
West African explorer FAR Ltd. said it raised substantial capital to fund its development programs in the emerging oil basin offshore Senegal. FAR placed 1 bill...
Potentially explosive methane gas mobile in groundwater, poses safety risk
Apr 06, 2017 (SPX)
Potentially explosive methane gas leaking from energy wells may travel extensively through groundwater and pose a safety risk, according to a new study by Unive...
Kurdish oil developer says it's primed for growth
Apr 06, 2017 (UPI)
Gulf Keystone Petroleum, an operator in the Kurdish north of Iraq, said in a regular update to shareholders it's "primed for future development." Gulf Keystone ...
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