OIL

10,863 articles

Oil and gas wastewater spills alter microbes in West Virginia waters
Feb 24, 2017 (SPX)
Wastewater from oil and gas operations - including fracking for shale gas - at a West Virginia site altered microbes downstream, according to a Rutgers-led stud...
Spain's Repsol says 2016 was one for the record books
Feb 23, 2017 (UPI)
Spanish energy company Repsol said Thursday a strategy to navigate the recent market downturn paid off with its highest net income in four years. The Spanish en...
Oil prices in the black on declining reserves and stockpiles
Feb 23, 2017 (UPI)
Crude oil prices moved into positive territory early Thursday after U.S. powerhouse Exxon Mobil cut its reserve estimate and supply-side pressures waned. Crude ...
Norway's energy sector rebounding from historic lows
Feb 23, 2017 (UPI)
A modest increase in investments in the Norwegian oil and gas industry is expected, though pressures on the overall energy sector remain, the government said. N...
Under deadline pressure, Dakota pipeline protesters leave camp
Feb 23, 2017 (AFP)
After nearly a year of occupying North Dakota prairie land to block the route of a controversial oil pipeline, many of the camp's holdouts finally marched out W...
Kurdish oil export options shift
Feb 23, 2017 (UPI)
A major player in the oil sector of the Kurdish north of Iraq said it was re-routing exports by government orders, but that won't impact production levels. The ...
FAR makes further progress offshore Senegal
Feb 23, 2017 (UPI)
Drilling of a fifth appraisal well into what may become one of the more promising basins off the West African coast is completed, FAR Ltd. announced. FAR is sai...
Investment decision reached for Israeli gas giant
Feb 23, 2017 (UPI)
The partnership in control of Leviathan, among the largest gas fields in the world, said they reached an investment decision that envisions flows by 2019. Delek...
US authorities clear Dakota pipeline protest camp
Feb 23, 2017 (AFP)
Law enforcement with armored vehicles and bulldozers entered a North Dakota campsite on Thursday, clearing out dozens of people who had refused to vacate an oil...
Transocean says its phone is ringing
Feb 23, 2017 (UPI)
Rig company Transocean said that, after reporting an increase in revenues for the fourth quarter, recovery for offshore drillers was evident on the horizon. Tra...
Oil production from Kazakhstan on the rise
Feb 23, 2017 (UPI)
Production from part of Kashagan oil field in the Kazakh waters of the Caspian Sea should reach capacity by the end of the year, an operating company said. Acco...
Report: Rosneft builds Middle East portfolio with Kurdish deal
Feb 22, 2017 (UPI)
Russian oil company Rosneft continued building its Middle East portfolio by signing an agreement with the Kurdish government of Iraq, media reports said. An off...
U.S. shale company Whiting expecting more production
Feb 22, 2017 (UPI)
More than $1 billion in spending will go to developing U.S. shale basins where production is on pace to increase this year, Whiting Petroleum said. "In 2017, we...
Oil prices move lower after testing new water
Feb 22, 2017 (UPI)
Crude oil prices moved lower early Wednesday after running into a wall in the midst of the euphoria surrounding OPEC's latest rhetoric. Crude oil prices moved s...
Labor force shrank in energy-rich Norway
Feb 22, 2017 (UPI)
The government of Norway, one of Europe's top oil and gas producers, reported that the size of its labor force in the waning months of 2016 declined. Norway is ...
Texas energy leader touts strength
Feb 22, 2017 (UPI)
The Texas oil and gas industry is job-creating and economic machine, contributing more than $20 million a day in revenue, an industry body said. Texas is the No...
Study finds 6,600 spills from fracking in just four states
Feb 22, 2017 (SPX)
Each year, 2 to 16 percent of hydraulically fractured oil and gas wells spill hydrocarbons, chemical-laden water, hydraulic fracturing fluids and other substanc...
OPEC talk sends oil prices sharply higher
Feb 21, 2017 (UPI)
Crude oil prices were boosted substantially early Tuesday by OPEC comments that a stable price point for oil has yet to be reached. Oil prices started the week ...
Oilfield services company Wood Group sees rough road
Feb 21, 2017 (UPI)
Even though financial performance was as expected, oilfield services company Wood Group said it expected only a few market bright spots for 2017. The company re...
Norway's oil production lower than expected
Feb 21, 2017 (UPI)
Preliminary oil production figures for Norway show a daily average of about 1.6 million barrels per day, which the government said was lower than expected. The ...
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