OIL - SEED DAILY

Oil prices decline on production questions

Dec 19, 2016 (UPI)

Crude oil prices drifted lower in early Monday trading as questions lingered over whether or not parties to an OPEC agreement were playing ball. Members of the ...

More drilling scheduled in Barents Sea

Dec 19, 2016 (UPI)

A Norwegian energy regulator said Italian energy company Eni is the next in line to start drilling operations in the Barents Sea. The Petroleum Safety Authority...

Wood Mackenzie: Shale wins with OPEC deal

Dec 19, 2016 (UPI)

Recovery in oil prices following an OPEC agreement to trim production should help stimulate oil activity in shale plays in the United States, analysis finds. Cr...

Suspended OPEC member Indonesia gets energy loan

Dec 16, 2016 (UPI)

A $400 million loan is aimed at helping Indonesia, until recently a member of OPEC, meet its growing demand for energy, the Asian Development Bank said. A net o...

Oil prices rise on expectation of OPEC compliance

Dec 16, 2016 (UPI)

Crude oil prices rebounded from midweek declines to regain traction as sentiment emerged that an OPEC agreement to cut production would be honored. The Organiza...

Russia sets up oil-production monitoring group

Dec 16, 2016 (UPI)

A handful of Russian oil companies are expected to form a working group to monitor coordination with production agreements, the Russian oil minister said. Russi...

South Caucusus energy security on NATO radar

Dec 16, 2016 (UPI)

Energy security through nations that bridge the gap to Europe from the Caspian Sea is a critical issue for the NATO alliance, delegates in Georgia said. NATO sp...

More hydrocarbons found in Gulf of Mexico

Dec 16, 2016 (UPI)

A Colombian energy company said it was involved in a new oil discovery in the U.S. waters of the Gulf of Mexico, its fifth so far. A U.S. subsidiary of Colombia...

Japan examines possible gas deals with Russia

Dec 16, 2016 (UPI)

A Japanese energy company said it was exploring the options to work alongside one of Russia's larger gas players on liquefied natural gas options. Japanese comp...

Oil prices recovery means Texas recovery

Dec 16, 2016 (UPI)

A decision by members of the Organization of Petroleum Exporting Countries to trim production in January bodes well for oil-rich Texas, a state economist said. ...

BP resettles U.S. division in Denver

Dec 15, 2016 (UPI)

British energy company BP said it was relocating the headquarters for its Lower 48 U.S. states division from Houston to Denver as part of a "homecoming." The co...

Jessica Uhl to replace Simon Henry as Shell CFO

Dec 15, 2016 (UPI)

Royal Dutch Shell, evolving in the wake of a merger with BG Group, announced Chief Financial Officer Simon Henry is stepping down after seven years. Henry was w...

Gas flowing from North Sea bright spot

Dec 15, 2016 (UPI)

A gas field in the British waters of the North Sea started production, which at its peak, should account for 5 percent of the nation's total, Centrica said. Cen...

Interest low for New Zealand oil and gas

Dec 15, 2016 (UPI)

New Zealand's energy minister took the high road on the country's onshore energy potential despite few bidders showing up for the latest offer. Todd Energy, whi...

Statoil exits oil sands projects in Canada

Dec 15, 2016 (AFP)

Norwegian oil giant Statoil said Thursday it was exiting its oil sands projects in Canada, booking a loss, in a move hailed by environmental activists. The grou...

Statoil sells off Canadian assets

Dec 15, 2016 (UPI)

Canadian energy company Athabasca Oil Corp. said it scaled up its portfolio in heavy oil in a $435 million deal with Norwegian energy major Statoil. The Canadia...

Supplies, Fed rate drag oil prices lower

Dec 15, 2016 (UPI)

Supply-side pressures and the influence of a decision to raise interest rates from the U.S. Federal Reserve sent oil prices lower in early Thursday trading. Cru...

Iraq works on southern oil export expansion

Dec 14, 2016 (UPI)

British energy company Petrofac said it secured a $75 million contract to help with the expansion of a crude oil export facility at a southern Iraqi port. Petro...

Not So Prolific: U.S. Shale Faces A Reality Check

Dec 14, 2016 (SPX)

The collapse of oil prices has forced the U.S. shale industry to slash production costs. In order to improve the "breakeven" costs for the average shale well, t...

OMV trades assets for chance at Russian gas

Dec 14, 2016 (UPI)

Austrian energy company OMV said it was set to increase its reserve base following an asset swap that gives it a footprint in Russian natural gas reserves. No c...