Oil and Gas
Chesapeake latest oil price casualty
Oklahoma City (UPI) Sep 30, 2015 - U.S. shale player Chesapeake Energy said it was cutting its workforce in order to cope with the long slump in commodity prices.
Oil and Gas
Crude oil falters on European deflation
New York (UPI) Sep 30, 2015 - Signs of weakening in the European economy put downward pressure on crude oil prices at the start of trading Wednesday in New York.
Oil and Gas
Fitch gives good grade to Chinese oil company
Hong Kong (UPI) Sep 30, 2015 - Fitch Ratings gave a strong rating to a Chinese oil exploration and production company in part because of low operating costs and focused spending.
Oil and Gas
Iran’s cabinet backs draft oil contract outline
Tehran (UPI) Sep 30, 2015 - Iran's Oil Ministry said the executive branch has signed off on the general draft outlining contracts for the post-sanctions era for the country.
Energy Tech
New York City to divest from coal
New York (UPI) Sep 30, 2015 - In the coming months, all five New York City pension boards will consider a proposal to divest from coal, New York City Mayor Bill de Blasio said.
Oil and Gas
TransCanada tries new legal route for Keystone XL
Bismarck, N.D. (UPI) Sep 30, 2015 - Pipeline company TransCanada said it was filing an application with state regulators in Nebraska to build Keystone XL, ending a bid to challenge eminent domain.
Oil and Gas
AAA: Refinery issues throttling gas price slide
Washington (UPI) Sep 29, 2015 - Though U.S. refineries are making a blend of gasoline that's cheaper to produce, maintenance issues are keeping consumers prices elevated, AAA said.
Oil and Gas
Crude oil prices rally on expected output cuts
New York (UPI) Sep 29, 2015 - Expectations that U.S. crude oil production will continue to decline gave a lift to oil prices in early Tuesday trading despite lingering market pessimism.
Oil and Gas
Final leg of new European gas line completed
Stavanger, Norway (UPI) Sep 29, 2015 - Norwegian energy company Statoil said the last stretch of a 300-mile natural gas pipeline crossing the Arctic Circle has been completed.
Oil and Gas
Halliburton, Baker Hughes extends closing date
Houston (UPI) Sep 29, 2015 - Halliburton and Baker Hughes said they've extended the timing of the earliest close of their merger by three weeks to Dec. 15.
Oil and Gas
Industry praises Shell’s arctic safety record
Washington (UPI) Sep 29, 2015 - Despite disappointing results for Shell in arctic Alaskan waters, industry leaders say the $7 billion campaign was a success in terms of safe operations.
Oil and Gas
Kazakhstan: No changes on Kashagan
Astana, Kazakhstan (UPI) Sep 29, 2015 - There are no changes in the operational plans for the giant Kashagan oil field off the coast of Kazakhstan, the country's deputy energy minister said.
Wind Daily
U.S. studying offshore wind farm impacts
Washington (UPI) Sep 29, 2015 - Starting with a development off the Rhode Island coast, the federal government said it was studying the real-time impacts of offshore wind farm construction.
Oil and Gas
BG Group places bet on offshore Canada
London (UPI) Sep 28, 2015 - British energy company BG Group said it was placing a bet on offshore Canada by acquiring positions from Spanish rival Repsol.
Oil and Gas
Italy primed for return to Iran’s energy sector
United Nations (UPI) Sep 28, 2015 - Iranian President Hassan Rouhani said the conditions are right for Italian energy companies to start working in the country in the post-sanctions era.
Oil and Gas
North Dakota rig count up by four
Bismarck, N.D. (UPI) Sep 28, 2015 - North Dakota bucked the nationwide trend by adding more rigs to its state portfolio with the total number increasing by nearly 6 percent.