Abuja, Nigeria (UPI) Aug 31, 2016 - Slipping into a formal recession, the Nigerian government said the contribution of oil to economic growth slipped slightly more than 2 percent.
New York (UPI) Aug 31, 2016 - A discount of any bullish sentiments in the market for crude oil helped push benchmark prices lower to start the trading day on Wednesday.
Ottawa (AFP) Aug 31, 2016 - Forest fires in Canada's oil sands region that disrupted production have pummeled the country's economy, sparking the biggest quarterly decline in GDP in seven years, according to government figures released Wednesday.
London (UPI) Aug 31, 2016 - A potential takeover target, Iraqi-focused company Gulf Keystone Petroleum said it was offering up common shares in an effort to raise more capital.
Montreal (UPI) Aug 31, 2016 - Security concerns at a panel session for a proposed oil pipeline in Canada prompted a suspension of the review process, a Canadian energy regulator said.
Stavanger, Norway (UPI) Aug 31, 2016 - Norwegian energy company Statoil said it aims to extend its reach north to the Barents Sea next year in an effort to replenish its exploration portfolio.
Dakar, Senegal (UPI) Aug 31, 2016 - Emerging as a potential oil producer, the economy in Senegal is stable with a growth rate of around 6 percent expected, the International Monetary Fund said.
Denver (UPI) Aug 30, 2016 - A petition to curb Colorado oil and gas activity failed to make it to the November ballot, a push a pro-energy group said was a short-sighted effort.
Tehran (UPI) Aug 30, 2016 - Iran in September will send out invitations to energy companies to vet interest in the first contracts in the post-sanctions area, a director said Tuesday.
Moscow (UPI) Aug 30, 2016 - The Kremlin has yet to make any definitive decisions on the privatization of one of the country's bigger oil companies, a presidential spokesman said Tuesday.
New York (UPI) Aug 30, 2016 - Crude oil prices ticked higher in early Tuesday trading amid weather concerns in the U.S. Gulf of Mexico and Saudi Arabian pivots toward Asia.
Washington (UPI) Aug 30, 2016 - Retail gasoline prices in the United States are on the rise ahead of the last major travel holiday season of the year, motor club AAA reported.
Houston (UPI) Aug 30, 2016 - In a deal that included $425 million in cash, Royal Dutch Shell said it sold off its entire stake in assets held in the U.S. waters of the Gulf of Mexico.
Kampala, Uganda (UPI) Aug 30, 2016 - The Ugandan government said Tuesday it awarded petroleum production licenses to companies expected to invest billions of dollars in oil development.
Manila (UPI) Aug 29, 2016 - A multimillion dollar loan will help Kazakhstan, home to one of the world's largest oil fields, connect better with neighboring trade routes, a lender said.
Arlington TX (SPX) Aug 29, 2016 - Chemists at the University of Texas at Arlington have published a new study that indicates that highly variable contamination events registered in and around unconventional oil and gas developments
