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Security concerns prompt Canada to halt pipeline reviewMontreal (UPI) Aug 31, 2016 Security concerns at a panel session for a proposed oil pipeline in Canada prompted a suspension of the review process, a Canadian energy regulator said. According to a report in Canadian news service The Globe and Mail, activists in Montreal descended on a hearing room and charged panel members} from the National Energy Board seated to review TransCanada's proposed multi-billion dollar Energy East oil pipeline. In a statement, the NEB said it was adjourning the sessions in Montreal beca ... read more |
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 Nigeria's oil-based economy stumbles Slipping into a formal recession, the Nigerian government said the contribution of oil to economic growth slipped slightly more than 2 percent. ... more | .. |
 Restructuring Iraqi oil player seeking more capital A potential takeover target, Iraqi-focused company Gulf Keystone Petroleum said it was offering up common shares in an effort to raise more capital. ... more | .. |
 Oil sands fires send Canada GDP reeling in Q2 Forest fires in Canada's oil sands region that disrupted production have pummeled the country's economy, sparking the biggest quarterly decline in GDP in seven years, according to government figures released Wednesday. ... more | .. |
 Kremlin: Nothing yet on privatizing oil company The Kremlin has yet to make any definitive decisions on the privatization of one of the country's bigger oil companies, a presidential spokesman said Tuesday. ... more |
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 Shell takes cash offer for Gulf of Mexico assets In a deal that included $425 million in cash, Royal Dutch Shell said it sold off its entire stake in assets held in the U.S. waters of the Gulf of Mexico. ... more | .. |
 Oil prices edge higher on Gulf of Mexico weather woes Crude oil prices ticked higher in early Tuesday trading amid weather concerns in the U.S. Gulf of Mexico and Saudi Arabian pivots toward Asia. ... more | .. |
 Uganda expects billions of dollars in oil investments The Ugandan government said Tuesday it awarded petroleum production licenses to companies expected to invest billions of dollars in oil development. ... more | .. |
 Retail gas prices rally ahead of U.S. travel holiday Retail gasoline prices in the United States are on the rise ahead of the last major travel holiday season of the year, motor club AAA reported. ... more |
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 Expect invitations next month, Iran tells energy companies Iran in September will send out invitations to energy companies to vet interest in the first contracts in the post-sanctions area, a director said Tuesday. ... more | .. |
 Colorado ballot measures on oil, gas stalled A petition to curb Colorado oil and gas activity failed to make it to the November ballot, a push a pro-energy group said was a "short-sighted" effort. ... more | .. |
Tehran: We'll survive era of low oil prices Iran is one of the major oil producers whose economy has been least damaged by the decline in crude oil prices, the country's finance minister said. ... more | .. |
 Ailing but oil-rich Kazakhstan lent a hand A multimillion dollar loan will help Kazakhstan, home to one of the world's largest oil fields, connect better with neighboring trade routes, a lender said. ... more |
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 North Dakota rig count lower for fourth straight week As oil prices steady, state data show the number of rigs actively exploring for or producing oil and gas in North Dakota declined for the fourth straight week. ... more | .. |
 Oil prices lower on Yellen hangover Crude oil prices moved sharply lower to start the trading day Monday as jitters carried over from last week's U.S. Federal Reserve statements on interest rates. ... more | .. |
 Sinopec blames slow economic growth for slump China's Sinopec, one of the largest companies of its kind, said weak global economic recovery was in part behind its 13 percent decline in operating profit. ... more | .. |
 Statoil: Expect more for less at Johan Sverdrup The cost to develop the giant Johan Sverdrup oil field offshore Norway has improved so that it will be competitive at lower oil prices, the operator said. ... more |
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 Pentagon chief calls Russia out over 'nuclear saber-rattling' US has met its side of Iran nuclear deal: Moniz US hits Chinese firm with sanctions over N. Korea trade Russian bombers flying too close to airliners: Iceland China flies military planes over strait near Japan Britain 'will oppose any idea of an EU army': defence minister | .. |
 Exposure to chemicals released during fracking may harm fertility More than 15 million Americans live within a one-mile radius of unconventional oil and gas (UOG) operations. UOGs combine directional drilling and hydraulic fracturing, or "fracking," to release nat ... more | .. |
 Air contamination near fracking sites result of operational inefficiencies Chemists at the University of Texas at Arlington have published a new study that indicates that highly variable contamination events registered in and around unconventional oil and gas developments ... more | .. |
 NATO in favor of political moves in oil-rich Libya NATO allies expressed support for political movements in oil-rich Libya, which they said are vital steps in ensuring peace in the war-torn country. ... more | .. |
 British oil production up from last year The British government reported total first quarter production of natural reserves increased at the same time the country relied less on foreign imports. ... more |
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 Modest interest in latest Gulf of Mexico lease Despite tough industry conditions, bidding that emerged in the latest lease shows the U.S. Gulf of Mexico remains good energy acreage, the government said. ... more | .. |
 Russian oil company posts production gains Thanks in part to Arctic oil, total production of oil and gas reserves are 10 percent higher than last year, Russian oil company Gazprom Neft said. ... more | .. |
 Low oil prices a win for consumers The increase in U.S. oil production that helped push crude oil prices lower may have hurt the industry, but that's offset by consumer benefits, the API said. ... more | .. |
 EIA: OPEC oil revenue down nearly 50 percent Net revenue for members of the Organization of Petroleum Exporting Countries from oil dropped nearly 50 percent year-on-year, U.S. analysis found. ... more |
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