Zug, Switzerland (UPI) Aug 4, 2016 - In part because of lower maintenance expenses, offshore rig company Transocean said it was able to post a gain in net income for the second quarter.
Stavanger, Norway (UPI) Aug 4, 2016 - The Norwegian government said it gave its consent for new oil and natural gas operations offshore in the North Sea and Barents Sea, with Statoil the big winner.
Calgary, Alberta (UPI) Aug 3, 2016 - Canadian energy company Enbridge said it was footing the bulk of the bill to acquire a pipeline system that it said would give it access to the U.S. Gulf Coast.
Sydney (AFP) Aug 3, 2016 - Indonesian seaweed farmers launched a Aus$200 million class action Wednesday over a major oil spill in Australia, claiming the blow-out devastated their livelihoods.
Dublin, Ireland (UPI) Aug 3, 2016 - The sale of the only oil refinery in Ireland to a Canadian company is a win for the country's energy security, the Irish climate minister said Wednesday.
Stockholm, Sweden (UPI) Aug 3, 2016 - Now part-owned by Norwegian energy giant Statoil, Sweden's Lundin Petroleum offered forward-looking optimism after reporting a second quarter loss.
Ithaca NY (SPX) Aug 3, 2016 - A new way of fixing inactive proteins has been discovered in an algae, which uses chloroplast extracts and light to release an interrupting sequence from a protein. Research specialist Stephen Campb
Oak Ridge TN (SPX) Aug 3, 2016 - Climate and energy scientists at the Department of Energy's Oak Ridge National Laboratory have developed a new method to pinpoint which electrical service areas will be most vulnerable as population
Bismarck, N.D. (UPI) Aug 3, 2016 - With the governor calling for tighter purse strings, the oil-rich state of North Dakota said it had one of the strongest business environments in the country.
New York (UPI) Aug 3, 2016 - Crude oil prices tried again Wednesday to pull out of a protracted retreat as strong labor figures in the United States bolstered early market confidence.
Houston (UPI) Aug 3, 2016 - The world's largest independent oil explorer, Occidental Petroleum, said production increased 3.2 percent from the first quarter, but financial losses mounted.
Washington (UPI) Aug 2, 2016 - Retail gasoline prices in the United States remain at historic lows, though regional intercontinental dynamics make for a fluid situation, AAA reported.
London (UPI) Aug 2, 2016 - The target of a takeover bid, Iraqi oil player Gulf Keystone Petroleum said most of the parties with an interest in the company are in favor of restructuring.
Tehran (UPI) Aug 2, 2016 - A middle man may be necessary to facilitate crude oil deliveries from Iran to the international market, a national petroleum official said from Tehran.
Houston (UPI) Aug 2, 2016 - After idling some rigs in an effort to cut costs during the second quarter, Diamond Offshore said its optimism about a market recovery was somewhat low.
New York (UPI) Aug 2, 2016 - Emerging sentiment about a slow, but steady, recovery in the market for crude oil helped prices recover Tuesday from a brief drop below $40 per barrel.
