OIL - NANO DAILY

Oil services company Schlumberger latest to fret over Russia

Aug 13, 2014 (UPI)

Oil services company Schlumberger said it expects to take a financial hit as a result of Western sanctions targeting the Russian energy sector. The United State...

French bank tasked with helping unload Citgo

Aug 13, 2014 (UPI)

Venezuela's state-owned oil company has hired a French bank to help offload Citgo, its U.S. downstream entity, an executive at the company said. A senior offici...

Moscow continues to cry foul over Yukos ruling

Aug 12, 2014 (UPI)

An arbitration panel at The Hague decided its case against former Russian oil company Yukos on political grounds, Russia's deputy foreign minister said Tuesday....

Difficult security situation in Yemen, Libya hurt OMV

Aug 12, 2014 (UPI)

Disruptions in Libya were in part to blame for the 37 percent decline in second quarter profits, Austrian oil and gas company OMV said Tuesday. Chief Executive ...

Economic rebound should cause oil demand to rise, IEA says

Aug 12, 2014 (UPI)

Global demand for oil should accelerate by 1.3 million barrels per day in 2015, a 30 percent increase, because of economic recovery, the IEA said from Paris. Th...

Dalrymple leans on Washington for safer oil delivery

Aug 12, 2014 (UPI)

North Dakota Gov. Jack Dalrymple said he was pressing the U.S. energy secretary on comprehensive ways to make crude oil transportation safer. Dalrymple arrived ...

Who Needs Russia? Ukraine Will Destroy Itself With New Gas Tax

Aug 12, 2014 (SPX)

Ukraine doesn't need Russia to take it down-Kiev is doing fine destroying itself, most recently with a new tax code that doubles taxes for private gas producers...

Iran says erasing sanctions would provide global benefits

Aug 12, 2014 (UPI)

Removing sanctions on Iran will benefit the regional and global economies, Iranian President Hassan Rouhani said Tuesday from Tehran. Rouhani addressed delegate...

ONGC Videsh signs production sharing contracts in Myanmar

Aug 12, 2014 (UPI)

Indian oil company ONGC Videsh announced it signed two production sharing contracts for onshore exploration with partners in Myanmar. The company said it signed...

Russia's Bashneft signs on as operator at Myanmar oil block

Aug 11, 2014 (UPI)

Russian oil company Bashneft announced Monday it secured the rights to serve as the operator at an exploration program in central Myanmar. The oil company said ...

Russian media suggest gas talk schedules under review

Aug 11, 2014 (UPI)

Russian state media reports Monday sources inside the European Union say they expect to hold another round of gas talks with Russia and Ukraine in September. "A...

Researchers purposefully spill oil into the North Sea

Aug 11, 2014 (UPI)

A team of European and American researchers recently dumped oil into the North Sea in order to study it -- specifically to observe the behavior of hydrocarbons ...

Woodside, Noble Energy set sights on oil off Gabon's coast

Aug 11, 2014 (UPI)

Australian energy company Woodside Petroleum said Monday it bought an interest in an emerging oil basin off the coast of Gabon in West Africa. Woodside Chief Ex...

Utica may be the strongest gas play yet, Rice Energy says

Aug 11, 2014 (UPI)

Rice Energy, a company focused on eastern U.S. gas basins, said Monday natural gas output from Utica shale is among the highest it has seen so far. In June, the...

Rosneft, Exxon start work in arctic waters of Kara Sea

Aug 11, 2014 (UPI)

Operations with Exxon Mobil in the arctic waters of the Kara Sea should be on par with those in North America or Saudi Arabia, Russian oil company Rosneft said....

Chad scraps Chinese oil permits over alleged environmental violations

Aug 10, 2014 (AFP)

Chad has decided to withdraw five exploration permits issued to Chinese oil giant CNPC and press charges in a spat over a $1.2 billion fine for environmental vi...

Canada-US pipeline may spark more emissions than expected: study

Aug 10, 2014 (AFP)

A proposed pipeline from Canada to the United States may result in much higher greenhouse gas emissions than previously calculated as it could fuel greater oil ...

Failed Statoil campaign a told-you-so for Greenpeace

Aug 08, 2014 (UPI)

A decision by Statoil to end a campaign in the arctic waters of the Barents Sea shows it never should have drilled there in the first place, Greenpeace said. No...

Slow hurricane season good for U.S. energy

Aug 08, 2014 (UPI)

U.S. forecasters say one of the main drivers of higher fuel prices, hurricanes, should stay away for the remainder of the season. Forecasters with the National ...

Iran wants to strengthen energy ties with Azerbaijan

Aug 08, 2014 (UPI)

An Iranian official said Friday during talks in Azerbaijan both sides could work together on energy issues possibly extending into the European economy. Iranian...