Oil and Gas
Sudan unveils oil ambitions
Khartoum, Sudan (UPI) Dec 17, 2014 - The Sudanese government aims to increase oil reserves by tapping more than 250 new wells next year, the country's oil minister said.
Oil and Gas
Chevron suspends Ukrainian shale efforts
Kiev, Ukraine (UPI) Dec 16, 2014 - U.S. energy company Chevron said it was still looking for opportunities in Ukraine, but opted to shelve a contract to tap the country's shale gas potential.
Oil and Gas
Chinese slowdown further drag on oil
New York (UPI) Dec 16, 2014 - Signs of a slowdown in Chinese manufacturing hammered an already-bruised oil market, pushing Brent crude oil to its lowest point in five years.
Oil and Gas
Encana: U.S. shale tops agenda despite low oil prices
Calgary, Alberta (UPI) Dec 16, 2014 - Capital efforts in U.S. shale basins for 2015 are tailored to account for a volatile price environment, Canadian energy company Encana said Tuesday.
Energy News
How Climate Change Could Leave Cities in the Dark
Baltimore MD (SPX) Dec 16, 2014 - Cities like Miami are all too familiar with hurricane-related power outages. But a Johns Hopkins University analysis finds climate change will give other major metro areas a lot to worry about in th
Oil and Gas
Islamists mount air raid near key Libyan oil terminals
Benghazi, Libya (AFP) Dec 16, 2014 - Islamist militias launched an air strike near key oil terminals in eastern Libya on Tuesday, stepping up a battle for the government-held facilities, a security official said.
Oil and Gas
More Kurdish oil expected after field upgrades
Budapest, Hungary (UPI) Dec 16, 2014 - Oil companies working in the Kurdish north of Iraq said Tuesday they completed infrastructure that should increase total production by more than 60 percent.
Oil and Gas
North Dakota funds economic diversity effort
Bismarck, N.D. (UPI) Dec 16, 2014 - Grants totaling more than a quarter of a million dollars will help communities across North Dakota diversify their economy, U.S. Sen. John Hoeven, R-N.D., said.
Oil and Gas
Stanford professor discusses minimizing impact of fracking
Stanford CA (SPX) Dec 16, 2014 - Natural gas power plants emit less carbon dioxide than coal power plants, but must be carefully managed to prevent air and water pollution. Natural gas from hydraulic fracturing generates income and
Oil and Gas
U.S. drivers saving millions of dollars on gas
Washington (UPI) Dec 16, 2014 - Consumer benefits of low oil prices are abundantly clear as U.S. drivers are saving more than $400 million per day on gasoline, motor club AAA said.
Oil and Gas
After Lima, Peru criticized for oil policies
Lima (UPI) Dec 15, 2014 - The United Nations said Monday it was concerned by a Peruvian proposal to sanction oil operations despite a legacy of heavy pollution and rights abuses.
Oil and Gas
Apache dumps Australian, Canadian LNG assets
Houston (UPI) Dec 15, 2014 - U.S. energy company Apache Corp. announced Monday it was selling its stakes in Australian and Canadian gas projects for $2.75 billion.
Oil and Gas
China extends $2bn credit line to Angolan state oil firm
Luanda (AFP) Dec 15, 2014 - Angola's state oil company Sonangol will benefit from a new $2.0 billion line of credit from the Chinese Development Bank to finance new projects, the state oil company said Monday.
Wind Daily
China snaps up UK wind farms
London (AFP) Dec 15, 2014 - China's largest nuclear power producer will buy an 80 percent stake in three British wind farms run by a unit of EDF, the French energy giant said on Monday.
Oil and Gas
Iran to seek end to ‘cruel’ sanctions on energy
Tehran (UPI) Dec 15, 2014 - Iran will tread carefully in negotiations with world powers with the aim of ensuring relief from sanctions targeting the energy sector, Iran's president said.
Oil and Gas
New major gas find offshore Israel
Tel Aviv, Israel (UPI) Dec 15, 2014 - An Israeli energy company said it's discovered what may be the third largest natural gas basin in the country in the eastern Mediterranean Sea.