OIL - SINO DAILY

Wintershall confirms Libyan oil production restart

Jan 22, 2018 (UPI)

A spokesman for the company said production resumed from the C96 license area, part of the As-Sarah field, during the weekend. Production was closed in November...

Oil prices flat at market open, even after talk of extended OPEC action

Jan 22, 2018 (UPI)

Members of a committee monitoring compliance with the effort by the Organization of Petroleum Exporting Countries to erase the surplus of oil on the market met ...

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...

Drilling services company Halliburton upbeat about North America

Jan 22, 2018 (UPI)

Halliburton posted mixed results for the fourth quarter, taking an $805 million loss. Adjusted income, not counting the charges from U.S. tax reform or operatio...

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...

Iraq to sign gas deal with US firm for southern field

Jan 21, 2018 (AFP)

The Nahr Bin Omar field, situated in the hydrocarbon-rich Basra province, is currently producing 40,000 barrels of oil a day, but only a small part of the gas f...

Rig counts, but not jobs, up in Texas

Jan 19, 2018 (UPI)

The Federal Reserve Bank of Dallas said production in the Permian shale basin increased by about 66,000 barrels per day between November and December to reach a...

Transocean shareholders back acquisition of Songa Offshore

Jan 19, 2018 (UPI)

Transocean said an extraordinary meeting of shareholders concluded in Switzerland with overwhelming support for the takeover. "With this acquisition, we add to ...

Schlumberger sees sunny skies ahead for energy sector

Jan 19, 2018 (UPI)

Schlumberger is the world's largest oilfield services company and was among those that encountered headwinds two years ago when the price of crude oil dropped b...

U.S. shale spoiling the rally in oil prices

Jan 19, 2018 (UPI)

A geopolitical risk premium emanating from North Korean nuclear tensions, U.S. sanctions on Iran and general global unrest helped push crude oil prices to fresh...

Keystone XL opponents not buying TransCanada's take on commitments

Jan 19, 2018 (UPI)

TransCanada said Thursday it concluded the open season for commercial commitments to fill the Keystone XL pipeline. With 500,000 barrels per day in firm commitm...

Don't worry about oil price movement yet, Russia says

Jan 19, 2018 (UPI)

Crude oil prices started the year on a historic rally, moving from $66.65 per barrel for Brent, the global benchmark, to its highest close in four years, just a...

Kurdish gas reserve upgrade met with production questions

Jan 19, 2018 (UPI)

The company, which has headquarters in London, said an assessment by a third party, RPS Energy Consultants Ltd., of the Bina Bawi and Miran West fields in the K...

Michigan advocates lay out alternatives to controversial Line 5

Jan 18, 2018 (UPI)

Part of a regional network of pipelines, Line 5, runs through Michigan's Upper Peninsula, through the turbulent Straits of Mackinac and then east to Ontario. In...

BP called to overhaul oil fields in Iraq's Kirkuk province

Jan 18, 2018 (UPI)

The Iraqi Oil Ministry said it signed a memorandum of understanding with BP to overhaul fields seized when Iraqi forces grabbed control over parts of the region...

China spots four oil slicks from sunken tanker

Jan 18, 2018 (AFP)

The Sanchi, which was carrying 136,000 tonnes of light crude oil from Iran, sank in a ball of flames in the East China Sea on Sunday, a week after colliding wit...

Florida Democrat plays hardball on Trump's offshore drilling plan

Jan 18, 2018 (UPI)

U.S. Sen. Bill Nelson, D-Fla., said he placed a hold on three nominees for positions in the Interior Department until Interior Secretary Ryan Zinke submits a ne...

Demand data offsets Chinese growth to push oil prices lower

Jan 18, 2018 (UPI)

Traders are focused intently on the balance between global supplies of oil and other petroleum products and demand. A huge surplus two years ago pushed the pric...

BHP Billiton continues U.S. shale exit plans

Jan 18, 2018 (UPI)

In August, CEO Andrew Mackenzie said the company determined that its U.S. shale assets were not core parts of the portfolio. In a performance review for the six...

Statoil to start new North Sea exploration effort in February

Jan 18, 2018 (UPI)

The Petroleum Safety Authority said Statoil has consent to use the Deepsea Bergen drill ship, owned and operated by Odfjell Drilling, for 37 days starting in Fe...