Washington DC (UPI) Oct 02, 2016 - Shares in Russian oil company Bashneft spiked in Monday trading on word the company may go private in a matter of weeks, Russian media reported.
New Delhi (UPI) Sep 30, 2016 - India's oil and gas corporation said Friday it was planning to spend just over $5 billion to develop reserves locked in deep national waters.
Oslo, Norway (UPI) Sep 30, 2016 - New drilling operations in the Barents Sea confirmed the possibility exists for the region to be a commercial success, Lundin Petroleum said.
Trondheim, Norway (UPI) Sep 30, 2016 - A company that moves under the umbrella of British energy company BP said a merger that creates a new Norwegian energy major closed as of Friday.
New York (UPI) Sep 30, 2016 - Crude oil prices started Friday in a weak rally as market sentiments offset analyst expectations about production talks that sparked a surge earlier this week.
Sochi, Russia (UPI) Sep 30, 2016 - The budgetary strains dragging on the Russian economy could be relieved in part through the privatization of oil companies, a minister said Friday.
London (UPI) Sep 30, 2016 - Insurance will cover the loss of production and claims regarding the interruption of business at one of West Africa's biggest oil fields, Tullow Oil said.
London, UK (SPX) Sep 30, 2016 - Saudi Arabia and Iran may yet come to terms on some sort of production arrangement, but the outcome of the negotiations in Algeria this week may not do much to rescue oil prices. Following the media
New York (UPI) Sep 29, 2016 - A move by OPEC to call for a cap on oil production shows the group is still relevant, though the decision doesn't do much for market dynamics, analysts said.
Copenhagen, Denmark (UPI) Sep 29, 2016 - Danish energy company Maersk Oil said it started drilling the first production well from a field that's expected to meet 5 percent of British demand for gas.
New York (UPI) Sep 29, 2016 - A day after one of the sharpest rallies for oil prices, markets struggled early Thursday as traders digested the nuances of the latest OPEC maneuver.
Upton, N.Y. (UPI) Sep 29, 2016 - Superconductors, which allow resistance-free electric flows, are greatly superior to semiconductors. Unfortunately, they only work at extremely low temperatures - within a few degrees of absolute zero.
Stavanger, Norway (UPI) Sep 29, 2016 - Norwegian energy company Statoil has about a month to explain how it will address deficiencies that led to a minor oil spill last year, a regulator said.
Dallas (UPI) Sep 29, 2016 - Remnants of a slump in the oil and gas sector are still evident in the Texas economy even as signs of improvement emerge, a bank survey found.
Washington (UPI) Sep 29, 2016 - The U.S. government said it was offering up new proposals aimed at protecting marine mammals and coastal environments from some offshore energy work.
Altamont Pass, Calif. (UPI) Sep 29, 2016 - New research proves wind turbines aren't just a risk to local birds. Birds from as far as 100 miles away are getting caught in their blades.
