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Oil News

Feds blame railroad for oil train derailment, spill in Oregon

Portland - Calls for a U.S. ban on shipping oil by train got louder last week after federal investigators put the blame for a June 3 oil train derailment on Union Pacific Railroad.

U.S. top court rejects Ecuador challenge to $96 mn Chevron award

Washington - The US Supreme Court has rejected Ecuador's appeal against a $96 million award it has been ordered to pay Chevron in a dispute over the development of oil fields in exchange for cheap domestic crude.

Nigeria President Buhari urged to act against oil attacks

Yenagoa - Nigeria's President Muhammadu Buhari on Friday faced urgent calls to stop security spiralling out of control in the oil-rich south, after militants claimed two new attacks against key pipelines.

Angola president appoints daughter boss of oil firm

Luanda - Angolan President Jose Eduardo dos Santos has named his billionaire daughter Isabel to head the state oil firm Sonangol, according to a government statement published late Thursday.

OPEC happy with oil market, kingpin Saudi says

Vienna - Saudi Arabia expressed confidence Thursday that oil prices will keep recovering, cementing expectations that a divided OPEC will decide to keep crude gushing at its meeting in Vienna."Everybody is very satisfied with the market.

First residents return to fire-ravaged Canadian city

Fort Mcmurray - The first convoys of weary, anxious residents returned to wildfire-ravaged Fort McMurray on Wednesday, a month after they were forced to flee the Canadian oil city due to the inferno.

Old jobs die hard in China's rustbelt

Saerhtu - Once the pride of Communist rulers and now hit by a global glut and slowing domestic growth, China's largest oilfield epitomises Beijing's reluctance to cut jobs at loss-making state-run operations.

UK anti-fracking groups to fight on after landmark decision

London - Campaigners in Britain said Tuesday they would take their fight against fracking national after the first scheme since 2011 was given the green light.

Fort McMurray homecoming set for June

Ottawa - Tens of thousands of evacuees from the wildfire-ravaged Canadian oil city of Fort McMurray received word Wednesday that they can return home next month if conditions are favorable.

Canada wildfires destroy oil workers' lodge

Ottawa - Growing wildfires threatened Canada's oil sands region on Tuesday, destroying a remote lodge used to house hundreds of industry workers and forcing thousands at other facilities to be evacuated.

Canadian oil hub works to restore power, eyes resuming full oil output

Fort Mcmurray - Crews worked Tuesday to start restoring water and electricity in this Canadian petroleum hub crippled by huge forest fires, as officials said stalled oil production could resume in days.

Canada natives mourn loss of hunting, fishing in Fort McMurray fires

Lac La Biche - Chipewyan native Elmer McDonald putters around his trailer in a Lac La Biche parking lot and plays his fiddle since being evacuated as the Fort McMurray wildfires closed in on his tribal home late Sunday.

Wildfire spared 90 percent of Fort McMurray: Alberta premier

Fort Mcmurray - Fort McMurray is largely intact despite a week of damage from the wildfires devastating Canada's oil sands region, Alberta's premier said after touring the ghost town.

Battle against Canada inferno turns to oil sites, infrastructure

Fort Mcmurray - Firefighters battled Monday to protect oil installations in Canada's wildfire-ravaged city of Fort McMurray, capital of the country's oil sands region, as rain and cooling temperatures slow the spread of the blaze.

Weather aids firefighters battling blaze in Canada oil region

Fort Mcmurray - Authorities battling a forest fire in Canada looked to Mother Nature for help, as cooling temperatures and rain slowed the spread of the blaze that had forced the evacuation of an entire city.

Fort McMurray moms celebrate 'bittersweet' Mother's Day

Fort Mcmurray - A big burly man jumps up from his seat at a Canadian fire evacuation center Sunday muttering a profanity, and rushes to a firefighter who is distributing flowers for Mother's Day.He asks in a whisper if he might have a few daisies to give to his wife.

Canada wildfires now advancing more slowly

Fort Mcmurray - Raging forest fires that prompted the evacuation of an entire Canadian city were advancing more slowly Sunday thanks to a change in the weather and oil facilities have escaped major damage, officials said.

Reshuffle shows Saudi determination to change, experts say

Riyadh - With a major government reshuffle, Saudi Arabia's King Salman and his powerful son have shown their determination to move the kingdom's economy away from oil, experts say.

Raging Canada fires now threaten second province, authorities say

Fort Mcmurray - Wildfires that ravaged a vast area of western Canada's Alberta province now are threatening a neighboring region, authorities said Sunday, as the inferno -- which doubled in sized in the space of a day -- continued its advance.

Canada fire 'out of control,' doubles in size

Fort Mcmurray - A ferocious wildfire wreaking havoc in Canada doubled in size and officials warned that the situation in the parched Alberta oil sands region was "unpredictable and dangerous.

Saudi oil minister sacked in government shake-up

Riyadh - Saudi King Salman replaced his long-serving oil minister on Saturday as part of a major government overhaul which comes as the kingdom grapples with a slump in energy revenues.

Traumatized, Canada wildfire evacuees reach safety

Wandering River - Visibly shaken, Margarita Carnicero recalled fearing for her life Friday as she sped to safety through the massive wildfire engulfing the Canadian town of Fort McMurray.

Fear Canada fire could double in size

Fort Mcmurray - A ferocious wildfire wreaking havoc in Canada could double in size Saturday, authorities warned, as a risky convoy operation to bring thousands to safety through the burning town of Fort McMurray entered a second day.

Nigerian oil rebels 'blow up' Chevron facility Delta state

Lagos - Militants have blown an offshore oil facility operated by US oil group Chevron in southern Nigeria, the navy said on Friday, in renewed violence that could hit exports in Africa's largest oil producer.

Airlift for thousands trapped by Canada wildfires

Canada began airlifting to safety up to 25,000 people from the city of Fort McMurray forced from their homes by raging forest fires in Alberta's oil sands region.

Airlift for thousands trapped by Canada wildfires

Canada - Canada prepared Thursday to airlift to safety up to 25,000 people who were forced from their homes by raging forest fires in Alberta's oil sands region, and now risk getting trapped north of Fort McMurray.

Evacuees find safe haven as wildfires engulf Canada oil region

Canada - Sitting on the tailgate of his truck, strumming his guitar, the only item that he was able to salvage in a hurried evacuation of Fort McMurray as wildfires raged closer to the Canadian oil city, Alan Javierto says: "I just want to go home.

'Catastrophic wildfires' force thousands to flee in Canada

Edmonton - Raging wildfires pressed in on the Canadian oil city of Fort McMurray Thursday after more than 80,000 people were forced to flee, abandoning fire-gutted neighborhoods in a chaotic evacuation.

'Catastrophic wildfires' force thousands to flee in Canada

Edmonton - The Canadian city of Fort McMurray remained under threat from catastrophic wildfires Wednesday, authorities warned, after more than 80,000 residents were forced to flee the raging inferno sweeping through Alberta's oil sands region.

Riviera beaches spared as Italy oil slick dissolves

Rome - Oil slicks off the Italian Riviera have largely dissolved and no longer pose a threat to the region's beaches, the official overseeing the clean-up operation said Sunday.
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