OIL - SINO DAILY

Maersk Oil hires Lloyd's Register for guidance

Oct 13, 2016 (UPI)

Business service group Lloyd's Register said it was hired by Danish energy company Maersk Oil to support risk assessment for offshore operations. Lloyd's Regist...

Today is Oilfield Prayer Day in Oklahoma

Oct 13, 2016 (UPI)

According to a proclamation made by the state governor, Thursday marks a day of prayer for the oil sector in the shale-rich state of Oklahoma. Oklahoma Gov. Mar...

Construction resumes on controversial US oil pipeline

Oct 12, 2016 (AFP)

The Native American tribe at the center of protests against an oil pipeline in North Dakota reacted angrily Wednesday to the resumption of construction on lands...

Concerns raised over Dakota Access pipeline riots

Oct 12, 2016 (UPI)

Aggressive action from those opposed to building the Dakota Access pipeline project is out of step with conventional protest action, an energy coalition said. D...

OPEC data show a cut is necessary to meet Algerian

Oct 12, 2016 (UPI)

A production cut from members of the Organization of Petroleum Exporting Countries would be needed to meet an Algerian proposal, OPEC's monthly report found. OP...

Expect more from Iraq, oil company says

Oct 12, 2016 (UPI)

New production activity at oil wells in the Kurdish north of Iraq should boost production capacity by about 10 percent, Norwegian company DNO said. Norwegian oi...

Kremlin could release share in oil company

Oct 12, 2016 (UPI)

Russian media reports oil company Rosneft could close on its deal to purchase its smaller rival, Bashneft, at some point on Wednesday. "Russian oil giant Rosnef...

Oil prices turn south as data trumps rhetoric

Oct 12, 2016 (UPI)

Crude oil prices made a U-turn in early Wednesday trading after monthly data show a lingering gap between global supply and demand. Crude oil prices have moved ...

Canada says oil pipeline capacity lacking

Oct 12, 2016 (UPI)

Oil transportation from the Canadian market remains dependent in part on rail transport because of insufficient pipeline capacity, a federal report said. Canada...

US government again seeks halt of pipeline opposed by Native Americans

Oct 11, 2016 (AFP)

The US government reiterated its request Monday that construction of an oil pipeline in North Dakota be paused, while authorities consider the impacts of its ro...

Oil prices relatively flat, awaiting next move

Oct 11, 2016 (UPI)

Anticipation building ahead of key market indicators this week weighed against mixed oil production signals to give oil yet another shot at a rally Tuesday. Com...

Saudi energy company courts Turkish players

Oct 11, 2016 (UPI)

Saudi Arabia's energy company said it reached a series of agreements in the Turkish energy market that could double the amount of energy-related goods produced....

U.S. oil sector rising; Alberta recovering

Oct 11, 2016 (UPI)

The amount of activity in the exploration and production side of the U.S. oil and gas sector suggests declines have bottomed out, an industry report said. The A...

BP abandons Great Australian Bight drill plans

Oct 11, 2016 (AFP)

British oil giant BP Tuesday ditched plans to drill in the Great Australian Bight after reviewing its global exploration programme, a decision environmentalists...

Russia backs Algerian and Turkish oil sectors

Oct 10, 2016 (UPI)

Russia media reported Monday the country is in line to join an oil production curtailment agreement proposed last month by OPEC members in Algeria. A source fro...

Shale gas not EPA has pushed decline in coal-generated electricity

Oct 10, 2016 (SPX)

Cheap shale gas produced by fracking has driven the decline in coal production in the United States during the last decade, researchers at the Great Lakes Energ...

Energy efficiency accelerates despite low oil prices: IEA

Oct 10, 2016 (AFP)

Energy efficiency accelerated last year despite low oil prices, according to a report from the International Energy Agency published Monday, driven in large par...

Statoil to start new survey of Johan Sverdrup

Oct 10, 2016 (UPI)

A petroleum regulator in Norway gave consent to Statoil to start new surveys in the Johan Sverdrup field, one of the larger new developments in the region. The ...

OMV closes on sale of stake in bright North Sea prospect

Oct 07, 2016 (UPI)

Austrian energy company OMV said it sold off some of its stake in a North Sea oil and natural gas project to a Canadian rival to streamline its portfolio. OMV c...

Crude oil prices stand still after long rally

Oct 06, 2016 (UPI)

Crude oil prices started Friday in relatively flat territory as investors searched for clues in the latest monthly jobs data from the United States. Crude oil p...