OIL - NANO DAILY

Nuland: Sanctions pain depends on Kremlin actions

Oct 03, 2014 (UPI)

Sanctions targeting the Russian energy sector will be rolled back once the Kremlin addresses its obligations in Ukraine, a U.S. State Department official said. ...

Report: Islamic State losing oil grip because of airstrikes

Oct 03, 2014 (UPI)

Analysis of U.S.-led airstrikes on Islamic State targets in Iraq and Syria finds the group's ability to exploit oil for a source of revenue has been diminished....

Egypt pays $1.4 billion to foreign oil and gas companies

Oct 03, 2014 (UPI)

After securing loans from national banks, the Egyptian Petroleum Ministry announced it paid off $1.5 billion of its debt owed to foreign oil and gas companies. ...

Pemex brings Exxon into 'new Mexican oil market'

Oct 03, 2014 (UPI)

The Mexican energy company known as Pemex said its agreement with Exxon Mobil is part of an effort to attract private capital to the national landscape. Emilio ...

Gasoline prices moving lower, following oil price trend

Oct 03, 2014 (UPI)

With global crude oil prices plummeting, U.S. retail gasoline is following suit, though the bottom might not be reached until January, an analyst said. Retail p...

Kiev: European energy crisis caused by Russia

Oct 03, 2014 (UPI)

The Ukrainian government is deeply concerned about risks to European energy security caused by the Kremlin, Ukraine's prime minister said. Ukrainian Prime Minis...

Greenpeace says Russian probe into Arctic 30 finally over

Oct 02, 2014 (UPI)

Advocacy group Greenpeace said Russian investigators have closed the books on its probe into the actions of activists dubbed the Arctic 30. Greenpeace last year...

Iran to discuss oil swaps with Russian investors

Oct 02, 2014 (UPI)

A trade official in Iran said the issue of oil swaps may be on the table along with refinery construction during possible talks with Russian investors. Hassan K...

Gazprom Neft taps into shale oil deposit in Siberia

Oct 02, 2014 (UPI)

A subsidiary of Russian oil company Gazprom Neft said Thursday it embarked on a new stage of assessing the shale oil potential in Western Siberia. Subsidiary Ga...

Mars rover methane-detecting technology adapted by gas company

Oct 02, 2014 (UPI)

Leaks in natural gas pipelines can lead to dangerous explosions, as well as the polluting of drinking water and the release of methane into the atmosphere. Each...

Norway prepping to open Barents Sea to energy explorers

Oct 02, 2014 (UPI)

Norwegian energy company Statoil said Thursday it was making strides in opening up new exploration areas in the Barents Sea. The company announced it finished a...

British oil company says all hands on deck in Kurdish Iraq

Oct 01, 2014 (UPI)

Staffing levels in the northern Kurdish region of war-torn Iraq are back at normal levels, Gulf Keystone Petroleum announced Wednesday. Militants with the group...

Baker Hughes reveals chemical components of fracking fluids

Oct 01, 2014 (UPI)

Oil services company Baker Hughes said Wednesday it implemented its policy of fully disclosing the chemicals it uses in hydraulic fracturing. "The policy we are...

Companies scrambling to tap into Algerian oil and gas

Oct 01, 2014 (UPI)

Emirati energy company Dragon Oil and its Italian counterpart Enel said Wednesday they were awarded two contracts for oil and gas exploration in Algeria. "This ...

BP awards gas drilling contracts on Oman

Oct 01, 2014 (UPI)

British energy company BP said Wednesday it awarded two drilling contracts to help tap into the unconventional gas potential in the sultanate of Oman. BP Oman a...

Exxon issues report on how it mitigates fracking risks

Oct 01, 2014 (UPI)

Exxon Mobil told investors it was taking the steps necessary to allay the concerns about the consequences of using hydraulic fracturing in the United States. Hy...

API says its oil train proposals offer reasonable solution

Oct 01, 2014 (UPI)

The American Petroleum Institute said federal proposals for safer transit of oil by rail are not feasible, though its program can provide a reasonable solution....

Encana closes on sale of Bighorn oil and gas acreage

Oct 01, 2014 (UPI)

Canadian energy company Encana Corp. said it completed the sale of the acreage and associated infrastructure in Alberta to a rival for $1.8 billion. The company...

Fracking drives decline in emissions, EPA finds

Oct 01, 2014 (UPI)

Greenhouse gas emissions declined in the oil and gas industry, with hydraulic fracturing leading the way, the Environmental Protection Agency said. EPA released...

Enbridge pipeline from Bakken play delayed by a year

Oct 01, 2014 (UPI)

The Sandpiper pipeline designed to carry oil from the Bakken reserve area in North Dakota through Minnesota is delayed, Enbridge Energy Partners said. Enbridge ...