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Oil News

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.

U.S. overtakes Saudi Arabia in Oil production

U.S. has turned the world’s biggest oil producer this year as extraction of oil from shale rocks reached a high, a Bank of America report said.

150 killed in Sudan clan battle near oil field

Khartoum - A battle between rival Sudanese clans near an oil-drilling site killed 150 people and wounded 100 more, state-linked media reported on Thursday.

Canada town ravaged by oil train fire still in turmoil

Lac-m - One year after an oil-laden train derailed, exploded and killed 47 people in a town in Canada's Quebec province, trains are rolling again but locals are hardly thrilled.

Enbridge Northern Gateway pipeline project controversy rages on Special

Calgary - The long awaited Enbridge Northern Gateway Pipeline project was approved on June 17th by Prime Minister Stephen Harper amid controversy and objection by First Nations groups, environmentalists, concerned Canadians and the political opposition parties.

China oil company will relocate some workers in Iraq

Beijing - China is to relocate some workers in Iraq -- where it is the biggest foreign investor in the oil industry -- in the face of spreading violence, the foreign ministry said Thursday.

China oil giants prepare Iraq evacuation plans

Beijing - Major Chinese oil firms have prepared evacuation plans in case spreading violence in Iraq -- a key energy provider to the Asian giant -- threatens their operations, state media reported Thursday.

Op-Ed: At last something we can't agree on, Iraq

Washington - It is often said that Republicans never met a war they didn’t like. That is usually said by Democrats. Republicans say Democrats never met a war they like didn’t like.

Op-Ed: Middle East crisis could be opportunity for energy-strong U.S.

Washington - The U.S. energy position is in the best in nearly 50 years amid Middle East chaos. Why should Iraq be America’s problem? Instead it is an opportunity.

Angolan $3.5 bn oil contract goes to Technip, Heerema

Paris - The ultra-deep Angolan offshore oil project called Kaombo generated the third huge contract in three days on Wednesday when French group Total picked two firms to carry out underwater engineering worth $3.5 billion.

41 killed in Sudan clashes over oil-rich land: tribe

Khartoum - At least 41 people have been killed in clashes between rival Sudanese clans over the ownership of land being explored for oil in West Kordofan state, a tribal source said.

Turkey 'driven by greed' in Kurd oil row: Iraq deputy PM

Baghdad - Ankara has been "driven by greed" in an escalating row over oil pumped from Iraq's autonomous Kurdish region and shipped overseas via Turkey, Baghdad's top energy official told AFP Sunday.
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Oil Image

Swan Hill: Oil and Gas Industry
Swan Hill: Oil and Gas Industry
File photo:
NASA satellite image acquired May 9  2010 of the oil spill in the Gulf of Mexico
NASA satellite image acquired May 9, 2010 of the oil spill in the Gulf of Mexico
NASA Goddard
Tailings pond.
Tailings pond.
World energy consumption  1970-2025.
World energy consumption, 1970-2025.
United States Department of Energy
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.
Fuel barrels
Fuel barrels
Trevor MacInnis
Francis Bacon  Second Version of Triptych   1944 / 1988. Oil and alkyds on canvas. Each panel 198 x ...
Francis Bacon, Second Version of Triptych, 1944 / 1988. Oil and alkyds on canvas. Each panel 198 x 147.5 cm (each panel), Tate Modern, London. © Estate of Francis Bacon / SODRAC (2013)
© Estate of Francis Bacon / SODRAC (2013)
Dry sand from tarsands production.
Dry sand from tarsands production.
BP Gulf of Mexico
BP Gulf of Mexico
BP p.l.c
A Common Guillemot
A Common Guillemot
The Athabasca Tarsands.
The Athabasca Tarsands.
Much of the oil sands production is located near the Athabasca River.
Much of the oil sands production is located near the Athabasca River.
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
Manatee s seen in Kings Bay
Manatee's seen in Kings Bay
Crude Oil Tanker
Crude Oil Tanker
US Federal Govt
Protesters in Rio de Janeiro over oil royalties.
Protesters in Rio de Janeiro over oil royalties.
Bob Dudley is CEO of BP
Bob Dudley is CEO of BP
BP America
Sonis sounds amplified down toward seabed.
Sonis sounds amplified down toward seabed.
Oil pump in Russia
Oil pump in Russia
Yukon White Light

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