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Crude oil prices rebound as market tensions ease

Energy News // 5 hours ago

Crude oil prices rebound as market tensions ease

Aug. 17 (UPI) -- Fading global trade and geopolitical concerns brought the price of crude oil back into positive territory on Friday, but look to finish the week lower.

Denmark gets nod for renewable energy support scheme

Energy News // 5 hours ago

Denmark gets nod for renewable energy support scheme

Trans Mountain pipeline construction progressing

Energy News // 6 hours ago

Trans Mountain pipeline construction progressing

World's biggest shipper to spin off Maersk Drilling

Energy News // 7 hours ago

World's biggest shipper to spin off Maersk Drilling

Australian minister pushes for offshore development

Energy News // 7 hours ago

Australian minister pushes for offshore development

Aug. 17 (UPI) -- The Australian government is committed to exploiting its offshore natural gas deposits as soon as possible, a regional minister said Friday.

New cash will fund Canadian shale operations

Energy News // 8 hours ago

New cash will fund Canadian shale operations

Aug. 17 (UPI) -- Australian energy company Calima said Friday that investment interest was strong enough to support a robust drilling campaign in a Canadian shale basin.

U.S. oil gains offsetting OPEC losses

Energy News // 9 hours ago

U.S. oil gains offsetting OPEC losses

Aug. 17 (UPI) -- U.S. oil production is offsetting OPEC losses and keeping oil prices in check, though trends in fuel supplies are indicative of negativity, a trade group said.

Crude oil prices barely recover after Wednesday's loss

Energy News // 1 day ago

Crude oil prices barely recover after Wednesday's loss

Aug. 16 (UPI) -- 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 // 1 day ago

Cash flow soars for Russia's Gazprom Neft

Aug. 16 (UPI) -- Russian oil producer Gazprom Neft said Thursday its free cash flow improved more than 70 percent from last year, though production increased by 2 percent.

Australian oil discovery a likely game changer

Energy News // 1 day ago

Australian oil discovery a likely game changer

Aug. 16 (UPI) -- A high-risk exploration target offshore Western Australia has paid off and could lead to a major rush in commercial interests, a consultant group said Thursday.

Court orders new review of Keystone XL pipeline

Energy News // 1 day ago

Court orders new review of Keystone XL pipeline

Aug. 16 (UPI) -- A timeline for new environmental review is necessary for a revised leg of the Keystone XL oil pipeline before construction begins next year, a court ordered.

DNO pays out first dividend in 13 years

Energy News // 1 day 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 // 1 day 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 // 1 day 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 // 2 days 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 // 2 days 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 // 2 days 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 // 2 days 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 // 2 days 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 // 2 days 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.

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