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Crude oil prices barely recover after Wednesday's loss

Energy News // 4 hours ago

Crude oil prices barely recover after Wednesday's loss

Crude oil prices were moving in positive territory ahead of the start of U.S. trading after major losses in the previous session, though concerns remain on the horizon.

Cash flow soars for Russia's Gazprom Neft

Energy News // 4 hours ago

Cash flow soars for Russia's Gazprom Neft

Australian oil discovery a likely game changer

Energy News // 4 hours ago

Australian oil discovery a likely game changer

Court orders new review of Keystone XL pipeline

Energy News // 5 hours ago

Court orders new review of Keystone XL pipeline

DNO pays out first dividend in 13 years

Energy News // 7 hours ago

DNO pays out first dividend in 13 years

Aug. 16 (UPI) -- Pointing to a high level of success for its assets in the Kurdish north of Iraq, Norwegian company DNO said it was paying its first dividend in 13 years.

North Sea oil and gas find bigger than expected

Energy News // 7 hours ago

North Sea oil and gas find bigger than expected

Aug. 16 (UPI) -- The Norwegian government reported results Thursday from an appraisal well in the North Sea that were better than operator Equinor expected.

Good results from U.S. offshore auction, but expectations low

Energy News // 8 hours ago

Good results from U.S. offshore auction, but expectations low

Aug. 16 (UPI) -- Results from a U.S. auction for drilling rights in the Gulf of Mexico showed companies are willing to spend again, but expectations were low, experts said.

Turkish concerns add to a shaky market to pull oil prices lower

Energy News // 1 day ago

Turkish concerns add to a shaky market to pull oil prices lower

Aug. 15 (UPI) -- Oil prices were moving in negative territory ahead of the start of U.S. trading on signs of slowing demand and lingering concerns about U.S.-Turkish relations.

Russian permits for Nord Stream 2 secured

Energy News // 1 day ago

Russian permits for Nord Stream 2 secured

Aug. 15 (UPI) -- The consortium managing the second leg of the Nord Stream gas pipeline from Russia to Europe said it has all the permits needed for Russian installation.

We're hiring, Norwegian oilfield services company says

Energy News // 1 day ago

We're hiring, Norwegian oilfield services company says

Aug. 15 (UPI) -- Norwegian oilfield services company Archer said new contracts from Equinor would help support a 2,000-person increase in payrolls by the end of the year.

Multibillion-dollar acquisition creates Permian major

Energy News // 1 day ago

Multibillion-dollar acquisition creates Permian major

Aug. 15 (UPI) -- A $9.2 billion all-stock acquisition creates one of the larger entities working in the Permian shale basin in the United States, Diamondback Energy announced.

China lodges WTO complaint on U.S. solar tariffs

Energy News // 1 day ago

China lodges WTO complaint on U.S. solar tariffs

Aug. 15 (UPI) -- The Chinese government said it made the necessary move to file a complaint with the World Trade Organization over solar tariffs imposed by the United States.

Emissions from energy-rich Norway on the decline

Energy News // 1 day ago

Emissions from energy-rich Norway on the decline

Aug. 15 (UPI) -- The Norwegian government reported Wednesday that total greenhouse gas emissions were lower, with declines in pollution from road traffic leading the way.

Four in a row for oil discoveries in Niger

Energy News // 1 day ago

Four in a row for oil discoveries in Niger

Aug. 15 (UPI) -- The latest confirmed oil discovery in a basin in southeast Niger makes it four in a row for Savannah Petroleum's exploration campaign, the company stated.

Oil prices rise on Turkish relief, Saudi oil slowdown

Energy News // 2 days ago

Oil prices rise on Turkish relief, Saudi oil slowdown

Aug. 14 (UPI) -- Crude oil prices jumped ahead of the start of U.S. trading on Tuesday on signs of easing Turkish economic strain and supply-side drainage.

EV progress influenced by cobalt and lithium prices

Energy News // 2 days ago

EV progress influenced by cobalt and lithium prices

Aug. 14 (UPI) -- Higher prices for components that make up batteries in electric vehicles could slow the growth in demand, the International Monetary Fund said.

Survey completed at giant Australian oil and gas basin

Energy News // 2 days ago

Survey completed at giant Australian oil and gas basin

Aug. 14 (UPI) -- Australian energy company Melbana said Tuesday that a survey of the Beehive prospect, with more than 1 billion barrels of estimated reserves, is complete.

Eni building up its position in Egypt

Energy News // 2 days ago

Eni building up its position in Egypt

Aug. 14 (UPI) -- From an exploration license offshore to a contract extension near the Western Desert, Italian energy company Eni said it's strengthening its position in Egypt.

U.S. offshore lease a barometer for market recovery

Energy News // 2 days ago

U.S. offshore lease a barometer for market recovery

Aug. 14 (UPI) -- Ahead of the next U.S. offshore lease for oil and gas drilling rights, a trade group was mixed on the Trump administration's support for the sector.

U.S. gas prices stable ahead of Labor Day

Energy News // 2 days ago

U.S. gas prices stable ahead of Labor Day

Aug. 14 (UPI) -- Motorists in the United States are enjoying a period of relative calm at the gas pump, but sentiment is mixed over what happens ahead of the next major holiday.

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