New York (UPI) Dec 20, 2016 - An expected draw on U.S. crude oil inventories help erased a brief downturn for crude oil prices, but momentum could be influenced by year-end movements.
Stavanger, Norway (UPI) Dec 20, 2016 - An oil field on the Norwegian continental shelf reached its 1 billionth barrel and has at least eight years left for production, energy company Statoil said.
Princeton NJ (SPX) Dec 20, 2016 - Photosynthetic algae have been refining their technique for capturing light for millions of years. As a result, these algae boast powerful light-harvesting systems - proteins that absorb light to be
Tel Aviv, Israel (UPI) Dec 19, 2016 - Partners behind one of the largest natural gas fields in the Mediterranean Sea said they're planning more drilling with the aim of starting production in 2019.
Stavanger, Norway (UPI) Dec 19, 2016 - A Norwegian energy regulator said Italian energy company Eni is the next in line to start drilling operations in the Barents Sea.
New York (UPI) Dec 19, 2016 - Crude oil prices drifted lower in early Monday trading as questions lingered over whether or not parties to an OPEC agreement were playing ball.
Houston (UPI) Dec 19, 2016 - Recovery in oil prices following an OPEC agreement to trim production should help stimulate oil activity in shale plays in the United States, analysis finds.
Tokyo (UPI) Dec 16, 2016 - A Japanese energy company said it was exploring the options to work alongside one of Russia's larger gas players on liquefied natural gas options.
Bogota (UPI) Dec 16, 2016 - A Colombian energy company said it was involved in a new oil discovery in the U.S. waters of the Gulf of Mexico, its fifth so far.
Houston (UPI) Dec 16, 2016 - A decision by members of the Organization of Petroleum Exporting Countries to trim production in January bodes well for oil-rich Texas, a state economist said.
New York (UPI) Dec 16, 2016 - Crude oil prices rebounded from midweek declines to regain traction as sentiment emerged that an OPEC agreement to cut production would be honored.
Moscow (UPI) Dec 16, 2016 - A handful of Russian oil companies are expected to form a working group to monitor coordination with production agreements, the Russian oil minister said.
Tbilisi, Georgia (UPI) Dec 16, 2016 - Energy security through nations that bridge the gap to Europe from the Caspian Sea is a critical issue for the NATO alliance, delegates in Georgia said.
Jakarta (UPI) Dec 16, 2016 - A $400 million loan is aimed at helping Indonesia, until recently a member of OPEC, meet its growing demand for energy, the Asian Development Bank said.
Denver (UPI) Dec 15, 2016 - British energy company BP said it was relocating the headquarters for its Lower 48 U.S. states division from Houston to Denver as part of a homecoming.
London (UPI) Dec 15, 2016 - A gas field in the British waters of the North Sea started production, which at its peak, should account for 5 percent of the nation's total, Centrica said.
