Aberdeen, Scotland (UPI) Feb 21, 2017 - Even though financial performance was as expected, oilfield services company Wood Group said it expected only a few market bright spots for 2017.
Chicago (UPI) Feb 21, 2017 - Weak consumer demand is offsetting volatility with oil prices and leaving retail gasoline markets relatively unchanged in the United States, analysis finds.
New York (UPI) Feb 20, 2017 - A prevailing sentiment that at least some level of short-term market balance is entrenched helped give oil prices a lift early Monday.
Dubai, United Arab Emirates (UPI) Feb 20, 2017 - Emirati energy company Dana Gas said it revised its 2016 results to show a net loss following arbitration with the Kurdish government of Iraq.
Tehran (UPI) Feb 20, 2017 - Slightly less than 10 percent of the drilling rigs currently in service in the world are operating in the Iranian oil and gas sector, a petroleum official said.
Brussels (UPI) Feb 20, 2017 - Members of the European Union remain dependent on fossil fuels even with robust low-carbon policies, the bloc's record-keeping arm reported.
Baghdad (UPI) Feb 20, 2017 - Russian oil producer Rosneft reported Monday it started new drilling operations in Iraq, alongside a Chinese contracting partner.
The Hague, Netherlands (UPI) Feb 20, 2017 - The demand for liquefied natural gas, a super-cooled and easily transported energy option, is set to outpace conventional gas, Royal Dutch Shell said.
Baghdad (AFP) Feb 20, 2017 - The commander of the US-led coalition fighting the Islamic State group said Monday he expected its forces would be allowed to stay in Iraq after Mosul is recaptured.
Baghdad (AFP) Feb 20, 2017 - The United States is not about to plunder Iraq's petroleum reserves, Defence Secretary Jim Mattis, who was in Baghdad Monday, said as he sought to soothe partners rattled by President Donald Trump.
London (UPI) Feb 20, 2017 - Oil pricing agency Platts said it may shake up the grade of oil that makes up the global benchmark Brent as North Sea production fades.
Abu Dhabi (AFP) Feb 19, 2017 - The China National Petroleum Corporation on Sunday secured an eight-percent share in an onshore oil concession in Abu Dhabi in a deal worth $1.77 billion, the Emirati company said.
Baghdad (AFP) Feb 19, 2017 - Iraq's proven oil reserves have increased by 10 billion barrels to 153 billion, Oil Minister Jabbar al-Luaibi announced Sunday in a statement.
Lerwick, United Kingdom (AFP) Feb 19, 2017 - Strong winds and stormy seas have helped turn the Shetland Islands in the North Atlantic into a European renewable energy giant, producing more power than it knows what to do with.
Brussels (UPI) Feb 17, 2017 - The European Commission said Friday it agreed on more than $100 million in support for a new liquefied natural gas terminal on a Croatian island.
Oslo, Norway (UPI) Feb 17, 2017 - After reporting slight gains in oil and gas sector job prospects, Norway's government said its debt in the fourth quarter was the low mark for 2016.
