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Oil News

Denmark claims potentially energy-rich Arctic waters

Copenhage - Denmark will lay claim to energy-rich but contested territory around the North Pole on Monday by submitting data to the UN which it says demonstrates the area is an extension of its continental shelf.

Libyan forces repel Islamist attack on oil region

Benghazi - Islamist fighters launched a three-pronged attack Saturday on a key oil region in eastern Libya but were pushed back by pro-government forces, military officials said.

Op-Ed: Dismal New Year's for Putin

Moscow - Perhaps it’s a good thing that Russia’s government is calling off New Year’s Eve parties. They probably would fizzle. Vladimir Putin’s Ukraine adventures have led to the price of condoms and hookers rising.

Bangladeshis use sponges to clean oil spill threatening dolphins

Dhaka - Bangladeshi villagers using sponges, shovels and even spoons worked Friday to clean up a huge oil spill in a protected area that is home to rare dolphins, after environmentalists warned of an ecological "catastrophe".

US Supreme Court rejects BP challenge to Gulf settlement 

Washington - The US Supreme Court on Monday refused to hear energy giant BP's challenge to a settlement ordering it to pay hundreds of millions of dollars to businesses hurt by the 2010 Gulf of Mexico oil spill.

Spain's Canary islanders protest against oil drilling

About 200 people, including tourists, formed a giant "SOS" on a beach on Spain's Canary Islands on Sunday to protest against drilling for oil off the archipelago.

Venezuela to slash budget after OPEC steadies output

Caracas - Venezuelan President Nicolas Maduro ordered his government to slash the budget of his oil-dependent and economically-weak nation, as crude prices plunge after OPEC held output steady.

U.S. oil prices open $4.40 lower following OPEC meeting

New York - U.S. oil prices sank more than $4 in opening trade Friday, a day after OPEC decided to not cut production in response to lower prices.Near 1400 GMT, US benchmark West Texas Intermediate for delivery in January stood at $69.

Oil plunges to new multi-year lows on OPEC decision

New York - Global oil prices plunged Friday to new multi-year lows after the OPEC oil-producing cartel decided to maintain crude output in an oversupplied market.US benchmark West Texas Intermediate for delivery in January closed at $66.

OPEC move to keep oil output target sparks price slump

Vienna - OPEC's decision against cutting oil production, despite a global glut in supplies, triggered a five-dollar collapse in crude prices and prompted a fall in early trading on Asian markets Friday.

Op-Ed: Putin may be losing his Russian roulette game

Moscow - With prominent Russians falling from a Moscow skyscraper and drowning in an OPEC country it may or may not be just a coincidence, but it appeared to indicate that President Vladimir Putin’s economy is dangerously threatened by a growing glut of oil.

Russia cuts oil output as OPEC 'agrees' price too low

Vienna - Rosneft has trimmed its oil output partly in response to sliding crude prices, the Russian oil giant said Tuesday, as an under-pressure OPEC mulled taking similar action.

Brazil slams media 'manipulation' on Petrobras scandal

Rio De Janeiro - Brazilian authorities Saturday blasted a news magazine for media "manipulation" as the government of President Dilma Rousseff battles an escalating kickbacks scandal at state-owned oil giant Petrobras.

Petrobras scandal undermining Brazil's Rousseff: analysts

Bras - A month after winning re-election, Brazilian President Dilma Rousseff is battling the toughest of starts to her second term with a huge corruption scandal at state-owned oil giant Petrobras threatening to engulf her government.

U.S. Senate rejects Keystone pipeline in close vote

Washington - The U.S. Senate on Tuesday narrowly rejected a bill that would have approved construction of the Keystone XL pipeline to bring crude oil to Gulf coast refineries from Canada's controversial tar sands.

U.S.-led air raids hit jihadist-held Syria oil field

Birut - U.S.-led air strikes hit jihadist positions in the north and east of Syria, including an oil field, the Syrian Observatory for Human Rights said on Saturday.

Gallons of Deepwater Horizon oil remains on the sea floor

Several years after the Deepwater Horizon disaster, excessive quantities of oil remains on the sea floor. The oil continues to cause environmental harm to marine life.

Heads roll in Russia as more details emerge of Total crash

Moscow - Top Russian airport officials quit on Thursday as more employees were detained over the Moscow plane crash that killed the CEO of French oil giant Total.

Total names new bosses as Russia probes CEO plane crash

Paris - French oil giant Total on Wednesday named new bosses to lead one of the world's biggest energy companies after its chief executive was killed in Moscow when his private jet hit a snowplough as it was taking off.

Russian investigators probe Total CEO crash black boxes

Moscow - Russian investigators said on Wednesday they were analysing the black boxes from the jet that crashed in Moscow this week, killing the chief executive of France's Total oil company.

Russia blames 'negligent' airport bosses for Total CEO's crash

Moscow - Russian investigators on Tuesday accused senior airport officials of criminal negligence over a plane crash at a Moscow airport that killed the head of French oil giant Total, Christophe de Margerie, whose private jet hit a snowplough on takeoff.

Boko Haram dims hopes of oil-fuelled revival of north Nigeria

Lagos - Social and economic development has long been touted as the way to revive the fortunes of Nigeria's impoverished north and prevent legions of disaffected young men turning to radical Islam.

Petrobras scandal clouds Brazil presidential vote

Rio De Janeiro - A multi-billion dollar kickback scandal at Brazilian oil giant Petrobras, the country's state-owned industrial jewel, could affect the outcome of next month's presidential election.

Rousseff insists her government untainted by Brazil oil scandal

Bras - Brazilian President Dilma Rousseff has insisted a corruption scandal at state oil giant Petrobras does not involve her government, as she fends off a new threat to her re-election bid.

BP ruled grossly negligent in 2010 oil spill

New York - BP potentially faces billions of dollars in new fines after a New Orleans judge concluded it acted with "gross negligence" ahead of the massive 2010 Gulf of Mexico oil spill.

Venezuelan president shakes up cabinet

Caracas - Venezuela's President Nicolas Maduro replaced Rafael Ramirez as head of the country's state oil giant PDVSA and appointed him as foreign minister.

Op-Ed: Putin uses army to manipulate oil prices

Mariupol - Making him among perhaps the most cynical, if short-sighted, world leaders in history, Russia’s president is attacking and then withdrawing from Ukraine to drive oil prices up.

No action from Shell, Nigeria on oil pollution report: Amnesty

Lagos - Nigeria and Shell have done almost nothing to ease oil pollution in the Ogoniland area of the Niger Delta, three years after a landmark UN report called for a $1 billion dollar clean-up, Amnesty International said Monday.

GOP candidate wants to drill in already shaky Yellowstone park

Dr. Taylor Haynes is a Republican candidate for the Governor of Wyoming. He is also selling the idea of opening Yellowstone Park for drilling. Recent seismic activity and melting roads raises concerns of a Super Volcano Eruption.

Battle for Syria gas field after jihadists execute hundreds

Beirut - Syrian regime forces launched an offensive Saturday to retake a gas field in Homs province seized two days ago by jihadists who killed 270 people, most of them executed, a monitoring group said.
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Steve Henne  of Marine Spill Response Corp.  heads back to the Premier Explorer after a controlled b...
Steve Henne, of Marine Spill Response Corp., heads back to the Premier Explorer after a controlled burn in the Gulf of Mexico.
U.S. Navy photo by Mass Communication Specialist 2nd Class Justin Stumberg
Tailings pond.
Tailings pond.
A rig in the gulf where an explosion occurred on April 20  2010.
A rig in the gulf where an explosion occurred on April 20, 2010.
KK+
Protesters in Rio de Janeiro over oil royalties.
Protesters in Rio de Janeiro over oil royalties.
YouTube
Dry sand from a tailing pond  water is used to remove the oil from the sand. The water and sand whic...
Dry sand from a tailing pond, water is used to remove the oil from the sand. The water and sand which is left over is moved to holding ponds.
A scene from a documentary shot in Kamloops  British Columbia  showing life on a cattle ranch.
A scene from a documentary shot in Kamloops, British Columbia, showing life on a cattle ranch.
screen grab
Much of the oil sands production is located near the Athabasca River.
Much of the oil sands production is located near the Athabasca River.
Members of the Naval Air Station Pensacola Pollution Response unit set oil containment boom at Sherm...
Members of the Naval Air Station Pensacola Pollution Response unit set oil containment boom at Sherman Cove aboard the base to protect environmentally sensitive grass beds from the Deepwater Horizon oil spill.
by uscgd8
An oil refinery in Long Beach  CA
An oil refinery in Long Beach, CA
Neil Armstrong2
Fuel barrels
Fuel barrels
Trevor MacInnis
Drawing shows how sound from the seabed is bounced back to hydrophone.
Drawing shows how sound from the seabed is bounced back to hydrophone.
NMANewsDirect
Untitled
Hot Docs
The Athabasca Oil Sands  Alberta Canada.
The Athabasca Oil Sands, Alberta Canada.
Untitled
Josh Smith
Sonis sounds amplified down toward seabed.
Sonis sounds amplified down toward seabed.
NMANewsDirect
Using a process called hydraulic fracturing or  fracking   toxic chemicals and methane gas seep into...
Using a process called hydraulic fracturing or "fracking," toxic chemicals and methane gas seep into our drinking water.
Link TV
Bart Stupak (D-Mich.)  the chairman of the Oversight and Investigation Subcommittee of the House Ene...
Bart Stupak (D-Mich.), the chairman of the Oversight and Investigation Subcommittee of the House Energy and Commerce Committee.
Screenshot from congressional hearing
A Common Guillemot
A Common Guillemot
Boaworm
A tailing pond.
A tailing pond.
Untitled
CBS