OIL - BIO FUEL DAILY

Leave Arctic oil and gas where it is, advocates say

Oct 28, 2016 (UPI)

U.S. advocacy groups, some of which staged high-profile protests against Shell, said Arctic oil and gas should be left out of the nation's energy agenda. U.S. o...

Chevron, Exxon still facing headwinds

Oct 28, 2016 (UPI)

Earnings reports from some of the largest U.S. oil companies, Exxon and Chevron, reflect what top executives said Friday were persistent industry challenges. "W...

French gas company enters former Soviet space

Oct 28, 2016 (UPI)

French energy company ENGIE said Friday it's now the first European player to have a framework to do work in a Ukrainian gas system overshadowed by Russia. In t...

China oil giant Sinopec Q3 net profit jumps sixfold

Oct 28, 2016 (AFP)

Chinese oil giant Sinopec, Asia's biggest refiner, net profits leapt sixfold in the third quarter, it said Friday, as low crude prices lowered its costs. Net pr...

Africa-focused Tullow generating cash

Oct 28, 2016 (UPI)

With repair operations completed at one of West Africa's largest oil fields, Tullow Oil said it was in a position to start generating cash. The company said Fri...

Nigerian oil company working with security forces

Oct 28, 2016 (UPI)

With an eye on the national budget, Nigeria's state oil company said it would work closely with police in an effort to tackle militant threats. The Nigerian Nat...

Doubts, earnings pull oil prices lower

Oct 28, 2016 (UPI)

Pessimism expressed about the outcome of production efforts from OPEC members and weak quarterly results pushed oil prices lower in early Friday trading. Member...

On GE, Baker Hughes says it's too early to say

Oct 28, 2016 (UPI)

Baker Hughes said Friday it was too early to offer a comment on rumors of a possible partnership offer from General Electric, the second such effort this year. ...

Russian oil production reached post-Soviet high

Oct 27, 2016 (UPI)

A ratings agency assessing the profitability of Russian energy companies said oil production for September reached a post-Soviet high. A profile of Russian ener...

Oil prices stage rebound after dropping below $50

Oct 27, 2016 (UPI)

Growth from a British economy charting a path out of the European Union balanced against potential gains in output to give oil prices a boost early Thursday. Th...

Texas oil production up slightly from last year

Oct 27, 2016 (UPI)

Oil output from Texas, the No. 1 producer in the country, for August, the last full month for which data are available, was higher than last year, data show. Th...

Norway's energy major Statoil cuts spending

Oct 27, 2016 (UPI)

Norwegian oil and gas major Statoil said it was cutting its spending plans in response to a weaker market, but keeping its production outlook stable. The first ...

More oil likely in Cuba

Oct 27, 2016 (UPI)

MEO Australia, the only Australian company with a footprint in Cuba, said ongoing work is expected to translate to more potential oil reserves in the country. I...

North Dakota police move to clear pipeline protesters

Oct 27, 2016 (AFP)

Police in the US state of North Dakota engaged in a tense standoff with oil-pipeline protesters Thursday, attempting to clear them from a public road and off pr...

Conoco finds silver lining in $1 billion loss

Oct 27, 2016 (UPI)

The largest independent oil producer in the United States, ConocoPhillips, lost a substantial amount of money last quarter, but said it did better than 2015. "O...

SAIC to supply U.S. military with petroleum products

Oct 26, 2016 (UPI)

SAIC is to supply chemicals, packaged petroleum and other products to the U.S. military under a contract from the Defense Logistics Agency. The single award, in...

Losses for Hess Corp. continue to grow

Oct 26, 2016 (UPI)

Midstream energy company Hess Corp. said it was focusing on spending after reporting a net loss for the quarter that was worse than last year. Hess. Corp. repor...

DONG Energy reviewing oil and gas options

Oct 26, 2016 (UPI)

Danish company DONG Energy said it was realigning its priorities around clean-energy options, but not necessarily leaving its oil and gas business behind. DONG ...

Weatherford: The worst is over

Oct 26, 2016 (UPI)

Even though it reported a steep loss for the third quarter, oilfield services company Weatherford International said the worst of the downturn was over. The com...

Oil prices say goodbye to $50

Oct 26, 2016 (UPI)

With OPEC sending messages lacking details, markets reacted to data showing a sizeable build in supplies and sent oil prices in retreat early Wednesday. Crude o...