OIL - NANO DAILY

Rosneft signs drilling contract for North Atlantic waters

Jul 31, 2013 (UPI)

Russian oil company Rosneft said it signed a $4.25 billion deal to secure drilling rigs from North Atlantic Drilling Ltd. for work in harsh offshore areas. The ...

Russian cries foul over latest ruling on Yukos

Jul 31, 2013 (UPI)

The European court system was unfair in its ruling against defunct Russian oil company Yukos, the Russian Justice Ministry said Thursday. The ministry said Thur...

Eni second quarter profits roughly double year-on-year

Jul 31, 2013 (UPI)

Italian energy company Eni said Thursday it doubled its net profit during the second quarter despite a poor market environment in the European refining sector. ...

API sets standards for offshore oil spill response

Jul 30, 2013 (UPI)

The American Petroleum Institute said its new standard for equipment used in an emergency response to an oil spill resets the bar. API Director of Standards Dav...

Rosneft may suspend some projects because of sanctions

Jul 30, 2013 (UPI)

Russian oil company Rosneft said it may have to postpone some projects because of "volatility" associated with economic sanctions. Washington announced another ...

Kurdish government defends right to sell oil

Jul 30, 2013 (UPI)

The federal government of Iraq can't win its claims in the U.S. court system against Kurdish oil exports, the Kurdish natural resources minister said Wednesday....

Hess to launch IPO to back Bakken ambitions

Jul 30, 2013 (UPI)

Hess Corp. said Wednesday it would use a new corporate structure to support its growth objectives in the Bakken oil reserve area of North Dakota. The company sa...

Africa-focused Tullow upbeat despite second-quarter loss

Jul 30, 2013 (UPI)

Tullow Oil said Wednesday it was in a good position to end 2014 on a high note because of strong production gains in Africa despite poor financial results. Tull...

Canadian newspaper says Alberta oil spill info delayed

Jul 30, 2013 (UPI)

Files obtained from the Canadian government show there was a push to delay publication of information about an Alberta oil spill, a newspaper said. In mid-July,...

Cuadrilla Resources rolls out public relations campaign

Jul 30, 2013 (UPI)

British shale gas pioneer Cuadrilla Resources said Wednesday it's confident it can kick-start a new industry in the country in a safe manner. Cuadrilla in June ...

Steps taken to cut methane leaks from gas sector

Jul 30, 2013 (UPI)

The Sierra Club said Energy Department steps to reduce methane emissions tied to the natural gas sector are vital tools in the fight against climate change. U.S...

BP has strong second quarter, but worries over Russia

Jul 29, 2013 (UPI)

British energy company BP said Tuesday its second quarter profits soared, but any additional sanctions could impact "strategic objectives in Russia." BP reporte...

Petrofac clinches $8.5 million Shah Deniz contract

Jul 29, 2013 (UPI)

British energy services company Petrofac said Tuesday it won an $8.5 million contract for pipelines tied to the Shah Deniz gas field offshore Azerbaijan. The co...

Norwegian oil production up 6 percent from May

Jul 29, 2013 (UPI)

Total Norwegian production of oil and associated byproducts was 6 percent higher in June than the previous month, the government said Tuesday. The Norwegian Pet...

Mid-2015 before Iranian crude oil rebounds, analyst says

Jul 29, 2013 (UPI)

It might be mid 2015 before substantial volumes of Iranian crude oil make it to the international market, an analyst at Lloyd's List Intelligence said. Iran las...

EU counts Algeria as No. 3 gas supplier

Jul 29, 2013 (UPI)

Algeria's role as a key supplier of natural gas to Europe should be reviewed given production declines, the European Council on Foreign Relations said Tuesday. ...

Libyan oil fire near Tripoli airport continues to burn

Jul 29, 2013 (UPI)

Libyan officials said fires at an oil storage site near the airport in the capital city, sparked by violence, continue to burn out of control. Fires were still ...

GAO: EPA lacks resources, rules to monitor fracking, water supply

Jul 29, 2013 (UPI)

Outdated rules governing drinking water leave the U.S. population at risk to exposure to harmful fracking chemicals, an advocacy group said. The Government Acco...

Iran says only it can carry oil to international markets

Jul 28, 2013 (UPI)

Iranian vessels are the only ones capable of delivering Iranian crude oil to international customers, an executive at the National Iranian Oil Co. said. Mohsen ...

British government bets on shale natural gas

Jul 28, 2013 (UPI)

The British government said Monday tapping into the country's shale natural gas reserves could bring substantial economic and environmental benefits. Business a...