Abuja, Nigeria (UPI) Mar 4, 2016 - The state-oil company of Nigeria, burdened by corruption and revenue losses, will be split up into dozens of distinct companies, the petroleum minister said.
New York (UPI) Mar 4, 2016 - Speculation surrounding a Moscow meeting of oil producing nations gave a lift to crude oil prices, capping off a week of broad market volatility.
Nairobi (AFP) March 4, 2016 - Dangerous heavy metals used in oil production in war-torn South Sudan have leaked into drinking water sources used by 180,000 people with life-threatening health risks, a rights group said Friday.
Yuzhno-Sakhalinsk, Russia (UPI) Mar 3, 2016 - A subsidiary of Russian oil company Rosneft said Thursday about 1,000 barrels of oil were spilled at an oil field on Sakhalin Island in Russia's Far East.
New York (UPI) Mar 3, 2016 - Hess Corp., a U.S. company focused on exploration and production, said a former boss at Deloitte was taking charge with chairman Mark Williams standing down.
London, UK (SPX) Mar 03, 2016 - With lithium prices skyrocketing beyond wildest expectations, talk heating up about acquisitions and mergers in this space and a fast-brewing war among electric car rivals, it's no wonder everyone's
Milan, Italy (UPI) Mar 3, 2016 - More capacity was added to operations associated with the Zubair oil and gas field in southern Iraq, Italian energy company Eni said Thursday.
London (UPI) Mar 3, 2016 - Iraqi oil-focused Genel Energy said that, even though production was up 22 percent from 2014, revenues for the year fell 34 percent on oil price weakness.
New York (UPI) Mar 3, 2016 - Official data on U.S. crude oil inventories showed an increase, adding to supply-side concerns and sending oil prices lower for a second day Thursday.
Houston (UPI) Mar 3, 2016 - Oil price weakness is finally catching up with Texas oil producers and contraction is now expected throughout 2016, an industry economist said.
Los Angeles (UPI) Mar 3, 2016 - After stemming a major methane gas leak, Southern California Gas Co. said the air was clear for residents despite a judge ruling against relocation.
Munich, Germany (SPX) Mar 02, 2016 - Despite high expectations and extensive research and investment in the last decade, technological options are still in developing stages and key resources for algal growth are still too onerous for
Calgary, Alberta (UPI) Mar 2, 2016 - A Canadian subsidiary of China National Offshore Oil Corp. said it was reducing its headcount as the industry works through a weakened oil economy.
Brussels, Belgium (SPX) Mar 02, 2016 - By 2030, more energy will be saved than the amount of energy consumed deriving from oil, according to a JRC analysis. Energy savings can thus be considered as an energy source in its own right, in
New York (UPI) Mar 2, 2016 - Exxon Mobil said Wednesday it has room to adjust its investment program even after it outlined spending plans for the year at 25 percent below 2015 levels.
Sendai, Japan (SPX) Mar 02, 2016 - A team of researchers from Japan's Tohoku University has developed a new method for the pretreatment of organic material, or biomass, which could lead to more efficient production of biofuels and
