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
New York (UPI) Mar 2, 2016 - A spike in U.S. crude oil inventories and questions about Chinese economic recovery brought an end to a short-term rally in oil prices in Wednesday trading.
York, UK (SPX) Mar 02, 2016 - Scientists at the University of York are part of an international research team that has made a significant step forward in understanding the processes naturally occurring enzymes use to degrade mic
Moscow (UPI) Mar 2, 2016 - The Kremlin confirmed the directors at Russia's major oil companies agreed to a proposal to hold production levels static in an effort to stimulate the market.
Houston (UPI) Mar 2, 2016 - The integration with fellow services company Cameron International will help drive momentum forward as the market recovers, Schlumberger said.
London (AFP) March 2, 2016 - Oil giant Royal Dutch Shell came under renewed scrutiny on Wednesday over its environmental record in Nigeria after lawyers brought fresh claims of damage caused by spills to a London court.
London, UK (SPX) Mar 02, 2016 - An interconnected structure, which water can easily flow through, is key to creating a highly effective mechanical sponge for clearing oil spills. These are the findings from scientists at the Istit
Stavanger, Norway (UPI) Mar 2, 2016 - Following a successful 2015 auction, Norwegian energy company Statoil said it was building a better position in the emerging reserve potential offshore Ireland.
London (UPI) Mar 2, 2016 - The outlook for Africa-focused Tullow Oil is negative, though the company may recover on the back of new Ghanaian operations, Moody's Investors Service said.
London (UPI) Mar 1, 2016 - The British Geological Survey said Tuesday it's uncovered data that could help address concerns about seismic activity associated with hydraulic fracturing.
London (UPI) Mar 1, 2016 - A British company tapping into inland shale oil basins said oil was flowing to the surface at a natural rate fast enough to yield obvious commercial potential.
Baghdad (AFP) March 1, 2016 - Iraq's oil exports and revenue dipped in February compared with the previous month as low global crude prices offered Baghdad no financial respite, a statement said on Tuesday.
Moscow (UPI) Mar 1, 2016 - Russian investment consultants are being asked about the possible terms of privatization of parts of the state-controlled oil sector, a minister said Tuesday.
