Oil and Gas
Iran making pipeline strides
Washington (UPI) Aug 2, 2017 - Iran is becoming less dependent on its neighbors for natural gas with the launch of a pipeline to the northern provinces, the government said.
Oil and Gas
Azeri oil exports moved higher in July
Washington (UPI) Aug 2, 2017 - A party to an OPEC-led consortium working to balance an oversupplied market, Azerbaijan reported oil exports were higher in July than in June.
Oil and Gas
Oil muted, but could get lift from demand
Washington (UPI) Aug 2, 2017 - Crude oil prices were standing still in early Wednesday trading after the market turned south on signs of easing supply-side strains in the United States.
Oil and Gas
Europe mulling its options with Venezuela
Washington (UPI) Aug 2, 2017 - With oil so far spared from the target of sanctions, the European Commission said Wednesday it was discussing a range of potential options for Venezuela.
Oil and Gas
China defends gasfield activity in East China Sea
Beijing (AFP) Aug 2, 2017 - China on Wednesday defended its oil and gas activity in the East China Sea as occurring in areas indisputably under its jurisdiction, after Japanese protests stirred a longstanding dispute over the region.
Oil and Gas
Strong performance for Norwegian oil player, Lundin
Washington (UPI) Aug 2, 2017 - Strong revenue growth for the second quarter and a pipeline of high-profile developments sets up Lundin Petroleum as a premier European player, the CEO said.
Oil and Gas
Oman takes $3.55 bln China loan to cover budget deficit
Muscat (AFP) Aug 2, 2017 - Oman on Wednesday announced it has taken out a $3.55-billion loan from Chinese banks to cover its budget deficit for the current fiscal year.
Oil and Gas
U.S. insists all options are on the table with Venezuela
Washington (UPI) Aug 1, 2017 - All options remain on the table for U.S. sanctions on Venezuela, including oil, though industry reports were mixed on the potential impact.
Oil and Gas
New technology promises to curb wasteful methane flaring
Washington (UPI) Aug 1, 2017 - Scientists have developed new technology to curb wasteful methane flaring in oil and gas fields.
Oil and Gas
Oil prices drop after Venezuelan risk wanes
Washington (UPI) Aug 1, 2017 - The rally in crude oil prices halted early Tuesday after Washington spared Venezuelan oil from sanctions, though market indicators could keep the bulls running.
Oil and Gas
BP’s CEO: Prepare for the new oil price environment
Washington (UPI) Aug 1, 2017 - Production from British supermajor BP edged higher, though income was lower and the company's CEO said he was positioning the company for a new market climate.
Oil and Gas
U.S. gas prices for August could be the highest for the year
Washington (UPI) Aug 1, 2017 - Peak summer demand and declining levels of supplies, both domestic and foreign, mean spikes in the price of gas for U.S. consumers, market analyses find.
Oil and Gas
Canadian oil struggling for world position
Washington (UPI) Aug 1, 2017 - The Canadian oil sector should expect growth in exploration and production, but its place on the global stage is still uncertain, a trade group said.
Oil and Gas
Japan protests Chinese gasfield activity in East China Sea
Tokyo (AFP) Aug 1, 2017 - Japan has lodged a protest with China over what it described as suspicious activity in a maritime area rich in gas deposits in the East China Sea, officials said Tuesday.
Oil and Gas
Turkey, Qatar launch joint military exercises: reports
Istanbul (AFP) Aug 1, 2017 - Turkey and its main regional ally Qatar on Tuesday launched military exercises in the emirate that will involve some 250 Turkish troops and 30 armoured vehicles, reports said.
Oil and Gas
Oil’s rally caught between future of Venezuelan oil, OPEC compliance
Washington (UPI) Jul 31, 2017 - Crude oil prices dipped early Monday after posting new highs for the second half, but the situation in Venezuela, an OPEC member, could erase the decline.