OIL - SEED DAILY

Dec 02, 2016 (UPI)

With Washington keeping its hold on the sanctions noose, the president of oil-rich Iran said foreign investors were moving into its economy. Iranian President H...

Statoil starts work at its largest asset in British North Sea

Dec 02, 2016 (UPI)

Norwegian energy company Statoil said it was making new strides in the North Sea by moving from planning to development of the region's Mariner oil field. "Mari...

Shale state of Oklahoma says 'thank you' to OPEC

Dec 02, 2016 (UPI)

The shale oil and natural gas sector in Oklahoma is on better footing now that OPEC has agreed to cut its production, the state's governor said. Oklahoma is one...

OPEC deal more about balance than price

Dec 01, 2016 (UPI)

An OPEC agreement to limit oil production for the first time in nearly a decade does more to erase a market surplus than support higher prices, analysis finds. ...

Gas prices steady after OPEC deal

Dec 01, 2016 (UPI)

The U.S. national average price for a gallon of gas barely moved the day after one of the biggest rallies ever in crude oil prices, motor club AAA reports. AAA ...

Senegal primed as one of the next big oil players

Dec 01, 2016 (UPI)

Companies working to exploit frontier oil reserves are working to submit field development plans as quickly as possible, a top executive said. Africa-focused FA...

Oil-rich Russia sees economic growth ahead

Dec 01, 2016 (UPI)

The economy of oil-rich Russia could catch up with the rest of the world in about 10 years if the conditions are right, the country's finance minister said. Rus...

Israeli power to get gas from huge offshore field

Dec 01, 2016 (UPI)

The partners tapping into one of the largest natural gas fields ever discovered off the coast of Israel said they brokered a power deal worth $2 billion. Delek ...

Canada walks oil pipeline tightrope

Nov 30, 2016 (UPI)

Canada's prime minister balanced the debate on oil infrastructure by delivering split decisions that drew industry praise and complaints from environmentalists....

Canada approves tripling capacity of Trans Mountain pipeline to Pacific

Nov 30, 2016 (AFP)

Canada on Tuesday approved two new pipelines including one to the Pacific coast that will allow producers to sell into new Asian markets, while rejecting a thir...

A debut of sorts for Norwegian oil

Nov 30, 2016 (UPI)

British energy company Centrica said it made its debut in Norway with the submission of plans to develop an oil field in the southern North Sea. Centrica, as op...

Dallas Fed sees broad-based optimism

Nov 30, 2016 (UPI)

A survey from the Federal Reserve Bank said that, even as crude oil production stands still, the broad-based economic consensus was one of optimism. The bank sa...

More LNG exports possible from U.S. ports

Nov 30, 2016 (UPI)

Sempra Energy said it filed the necessary paperwork to hasten the development of a port in Texas that could export liquefied natural gas, seen as a strategic as...

Dutch court rejects lawsuit over Ivory Coast spill

Nov 30, 2016 (AFP)

A Dutch court rejected Wednesday a class-action lawsuit by a foundation claiming to represent more than 100,000 victims of a 2006 toxic spill in Ivory Coast, sa...

Talk of OPEC deal sends oil prices skyrocketing

Nov 30, 2016 (UPI)

Oil prices staged one of their largest spikes in years on word that members of the Organization of Petroleum Exporting Countries brokered a production deal. Sou...

Baker Hughes creates new fracking unit

Nov 30, 2016 (UPI)

Oilfield services company Baker Hughes said it formed a business venture with Goldman Sachs and others that would focus on North American hydraulic fracturing. ...

Taliban pledge protection for Afghan gas pipeline

Nov 29, 2016 (UPI)

The Afghan Taliban said it was directing its supporters to help advance national infrastructure projects like a natural gas pipeline running from Turkmenistan. ...

Putin steps back into OPEC production fray

Nov 29, 2016 (UPI)

After deferring to his energy minister, the Kremlin said Russian President Vladimir Putin was reviewing production proposals with OPEC member Iran. The Kremlin ...

Oil prices sink as volatility takes hold

Nov 29, 2016 (UPI)

Starting the day in the deep red, crude oil prices for Tuesday are on pace for a high degree of volatility as oil ministers continue talks in Vienna. Crude oil ...

BP builds up North Sea portfolio

Nov 29, 2016 (UPI)

A day after taking a greater stake in offshore Egyptian reserves, British energy company BP said it was taking on a larger role in the North Sea. The British co...