Oil and Gas
Retail gasoline selling for a bargain
Washington (UPI) Feb 9, 2016 - Retail gasoline price movements may buck historic trends and not move up dramatically on seasonal pressures, motor club AAA reports.
Energy Tech
Scientists create laser-activated superconductor
Bath, UK (SPX) Feb 09, 2016 - Shining lasers at superconductors can make them work at higher temperatures, suggests new findings from an international team of scientists including the University of Bath. Superconductors are mate
Oil and Gas
Suncor replaces board at Canadian Oil Sands
Calgary, Alberta (UPI) Feb 9, 2016 - Canadian Oil Sands announced its entire board of directors is comprised of former leaders from rival Suncor as a hostile takeover takes hold.
Oil and Gas
BG Group ends independence on high note
London (UPI) Feb 08, 2016 - In its last report as an independent company, BG Group said it was one of the few companies in the struggling sector to report a full-year profit.
Oil and Gas
Canada’s Suncor trims spending
Calgary, Alberta (UPI) Feb 08, 2016 - Canadian energy company Suncor, after a success hostile takeover of a rival, reported a fourth quarter net loss of almost $1.5 billion.
Oil and Gas
DNO, Genel paid for Kurdish oil exports
Oslo, Norway (UPI) Feb 8, 2016 - Two partners working in the Kurdish north of Iraq, DNO International and Genel Energy, said they received their regular payments for crude oil exports.
Oil and Gas
House scoffs at Obama’s proposed $10 oil fee
Washington (UPI) Feb 08, 2016 - Republican leaders in the U.S. House said a White House proposal to impose a $10-per-barrel tax on U.S. oil stands no chance of gaining legislative traction.
Oil and Gas
Iran aims for more diverse economy
Qom, Iran (UPI) Feb 8, 2016 - Iranian exports of around $50 billion worth of non-petroleum products are not enough to diversify the nation's economy, the speaker of parliament said.
Oil and Gas
Kurds pay out for crude oil exports
London (UPI) Feb 08, 2016 - With formal statehood under consideration, the Kurdish government continues to make its regular payments for crude oil exports, Genel Energy said.
Oil and Gas
Mexican rig fire leaves three dead
Mexico City (UPI) Feb 8, 2016 - Three rig workers died as a result of an accident at the Abkatun-A offshore drilling platform in the Gulf of Mexico, the state oil company in Mexico confirmed.
Oil and Gas
North Dakota continues shedding rigs
Bismarck, N.D. (UPI) Feb 8, 2016 - Lower crude oil prices continued to pressure upstream operations in North Dakota as the state shed two rigs since last week, state data show.
Oil and Gas
Oil falters on low prospect of output cuts
New York (UPI) Feb 8, 2016 - Crude oil prices moved lower in early Monday trading after OPEC members offered few signs of lowering production to alleviate the lingering glut.
Oil and Gas
Oil lower on U.S. jobs data
New York (UPI) Feb 08, 2016 - Crude oil prices turned modestly lower at the opening bell Friday after reports showed the U.S. labor sector is starting to cool down.
Oil and Gas
Rig contract cancelled for Transocean
Zug, Switzerland (UPI) Feb 8, 2016 - Rig company Transocean said Monday its contract for the Discoverer Deep Seas rig in the Gulf of Mexico was canceled nine months early.
Oil and Gas
Total gas moves in North Sea praised
London (UPI) Feb 8, 2016 - A move by French energy company Total to start gas production from the North Sea is welcome news for an industry under pressure, Oil & Gas U.K. said Monday.
Oil and Gas
U.S. rig count drops 8 percent
Houston (UPI) Feb 08, 2016 - The total number of rigs actively exploring for or producing oil and gas in the United States dropped more than 8 percent, Baker Hughes reports.