OIL - SINO DAILY

Kurdish oil producer Genel Energy could see gains this year

Jan 25, 2018 (UPI)

Genel said total production for the fourth quarter for its operations in the Kurdish north of Iraq averaged 127,100 barrels per day, with its net at 35,200 barr...

California, advocacy groups, sue Trump on fracking laws

Jan 25, 2018 (UPI)

President Donald Trump enforced a repeal, effective Dec. 29, dissolving the Bureau of Land Management's 2015 rule on hydraulic fracturing, or fracking. The BLM,...

Oil and gas survey reveals fear of oversupply

Jan 25, 2018 (UPI)

DNV GL, a Norwegian company providing risk management advice, said a survey of 813 senior oil and gas professionals revealed concerns about an oversupplied mark...

UK sandwich eating produces same CO2 as 'millions of cars'

Jan 25, 2018 (AFP)

Around 11.5 billion sandwiches are consumed each year in Britain, half of which are homemade and half bought, according to the British Sandwich Association (BSA...

Rig in December fatality in North Sea to be used again

Jan 25, 2018 (UPI)

"We have given Aker BP consent to use the Maersk Interceptor jack-up drilling facility in the North Sea," the Petroleum Safety Authority of Norway said in a sta...

Oil prices mixed, but still holding near $70 per barrel

Jan 24, 2018 (UPI)

The price for Brent crude oil bounced around $70 per barrel for most of the Tuesday session, before settling a few cents shy of the psychological benchmark. Mom...

Baker Hughes reports mixed performance amid uncertain market

Jan 24, 2018 (UPI)

Baker Hughes, now a company under the General Electric umbrella, reported fourth quarter revenue of $5.8 million, an increase of 7 percent from the third quarte...

First cargo of oil lifted from Catcher area in the North Sea

Jan 24, 2018 (UPI)

Premier Oil, the field's operator, said Wednesday the first cargo was lifted yesterday, earlier than expected, and another was already set for the first week of...

Total takes slice of Chevron oil find in the Gulf of Mexico

Jan 24, 2018 (UPI)

For an undisclosed sum, the French supermajor said it bought the 12.5 percent interest in the four blocks covering the Anchor discovery from Samson Offshore Anc...

Norwegian oil and gas production better than 2016

Jan 23, 2018 (UPI)

The Norwegian Petroleum Directorate, the nation's energy regulator, reported that preliminary data show total daily production from December averaged 1.54 milli...

Alaska's LNG project inching toward reality

Jan 23, 2018 (UPI)

An LNG project in the design phase in Alaska would connect a natural gas reservoir in Prudhoe Bay through 800 miles of pipe to a liquefaction plant on the south...

High gas prices could be the new normal

Jan 23, 2018 (UPI)

Motor club AAA reports a national average retail price of $2.54 per gallon for Tuesday, a slight increase from the previous day and about 10 cents per gallon, o...

Kenya says Total is committed to a single export pipeline

Jan 23, 2018 (UPI)

Manoah Esipisu, a spokesman for Kenyan President Uhuru Kenyatta, said Total committed to a single pipeline to the port city of Lamu as the only option to take o...

Offshore could be beating U.S. shale

Jan 23, 2018 (UPI)

U.S. shale oil developments are expected to push total U.S. production above 10 million barrels per day this year for an all-time record that, if forecasts are ...

A tightening oil market drives oil back toward $70 per barrel

Jan 23, 2018 (UPI)

The price for Brent crude oil, the global benchmark, already closed above $70 per barrel once this year, a four-year high that followed a 4 percent spike in the...

UAE air force told 'not to escalate' Qatar air dispute

Jan 23, 2018 (AFP)

"From the beginning of the Qatari provocations, we were given instructions from our superiors not to escalate in this area as part of our commitment to the prin...

Radioactivity from oil and gas wastewater persists in Pennsylvania stream sediments

Jan 23, 2018 (SPX)

The contamination is coming from the disposal of conventional, or non-fracked, oil and gas wastewater, which, under current state regulations, can still be trea...

Dutch turning off quake-zone gas for 200 firms

Jan 23, 2018 (AFP)

Instead, firms must transition by 2022 to using sustainable sources of energy, or use gas from elsewhere, Economics Minister Eric Wiebes wrote in a letter to ea...

Oil slick off China coast trebles in size

Jan 22, 2018 (AFP)

Authorities spotted three oil slicks with a total surface area of 332 square kilometres (128 square miles), compared to 101 square kilometres reported on Wednes...

Oil spill disasters in the past 50 years

Jan 22, 2018 (AFP)

Here is a look back at the major oil spills around the world in the past five decades: - Shipwrecks - - Atlantic Empress and Aegean Captain, 1979: The two Greek...