New York (UPI) Jan 27, 2016 - A day after announcing a cut in spending, Hess Corp. said it took a net loss of $396 million for the fourth quarter against $53 million in income year-on-year.
Houston (UPI) Jan 27, 2016 - Though oil production continues to withstand weaker prices, the environment in the Texas oil and gas sector is in decline, an economist said.
Edinburgh, Scotland (UPI) Jan 27, 2016 - The Scottish government said it would call on its British counterparts to create a favorable climate for North Sea investments in exploration and production.
The Hague, Netherlands (UPI) Jan 27, 2016 - More than 80 percent of shareholders in Royal Dutch Shell voted in favor of combining with British energy company BG Group, the Dutch supermajor said.
Los Angeles (UPI) Jan 26, 2016 - The steps necessary to stop the gas leak from Aliso Canyon in California is underway, though work won't be done until the end of February, a gas company said.
Beijing (UPI) Jan 26, 2016 - China's largest energy company said it started commercial gas production from a field located in the Sichuan basin in southwest China.
Richmond, Canada (SPX) Jan 26, 2016 - Corvus Energy has validated and is restating the product specifications for its lithium ion battery systems reflecting that the system has double the RMS power capability and substantially more ener
New York (UPI) Jan 26, 2016 - Crude oil prices started Tuesday in volatile territory after giving up recent gains, but held above $30 per barrel amid modest signs of economic optimism.
Washington (UPI) Jan 26, 2016 - Though the average U.S. price for a gallon of gasoline went up by a fraction of a cent, retail prices remain at their lowest in six years, market reports show.
New York (UPI) Jan 26, 2016 - U.S. upstream player Hess Corp. said it was cutting planned spending for exploration and production for the year by 20 percent to $2.4 billion.
Rome (UPI) Jan 26, 2016 - Italian energy company Saipem said it signed an agreement to explore the option for working in the opening Iranian oil and gas sector.
Kuwait City (AFP) Jan 26, 2016 - The Kuwaiti and Iraqi oil ministers said on Tuesday that OPEC will not cut production unless producers outside the cartel do the same, despite the plunge in crude prices.
Helsinki, Finland (SPX) Jan 26, 2016 - IKEA has signed an Acquisition Agreement with the wind power company, OX2, for 13 wind turbines in Kemi, northern Finland. This is IKEA's first wind power investment in the Finnish market, and the c
Riyadh, Saudi Arabia (UPI) Jan 26, 2016 - With the privatization of its state-owned oil company on the agenda, a Saudi competition director called for more government support for market newcomers.
London, UK (SPX) Jan 26, 2016 - Oilprice.com recently spoke with Carl Larry, Director of Oil and Gas at Frost and Sullivan, a consultancy that conducts research on oil and gas markets, to get his thoughts on the state of oil in 20
Dusseldorf, Germany (UPI) Jan 25, 2016 - Utility company E.ON announced plans to start laying the foundation for the Rampion wind farm project slated for the English Channel.
