Latest Oil news

AAR PetroTech Announces Successful Test of Oil Purification System on Aircraft

AAR PetroTech announced that it has successfully adapted its proprietary oil purification technology for Skydrol, the synthetic oil used in aircraft hydraulic systems.GARDEN CITY, NEW YORK (PRWEB) January 25, 2012 AAR PetroTech announced that it has successfully adapted its proprietary oil purification technology for Skydrol, the synthetic oil used in aircraft hydraulic systems. “This is a giant ...

Glori Energy Raises $20 Million

Glori Energy, a leader in sustainable, enhanced oil recovery and provider of the AEROTM System, today announced the closing of a $20 million issue of its Series C Convertible Preferred Stock.

First Person: Should We Convert Our Heating System From Oil to Natural Gas?

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Exclusive: Oman may help Sri Lanka if Iran oil sanctions bite

COLOMBO (Reuters) - Oman may sell oil to Sri Lanka in the event of a crisis, which the island nation is racing to avert with U.S. sanctions on Iranian crude threatening its primary refining supply, Sri Lankan officials told Reuters on Friday. Omani Oil Minister Mohammad bin Hamad al-Rumhy on Friday was holding a second and final day of talks with Sri Lankan Petroleum Industries Minister Susil ...

Africa Oil Spuds Ngamia-1 Well in Kenya

VANCOUVER, BRITISH COLUMBIA-- - Africa Oil Corp. is pleased to announce the spudding of the Ngamia-1 well on Block 10BB, Kenya. Tullow Oil plc is the operator with a 50% working interest and Africa Oil holds the remaining 50%. Please see attached map: http://media3.marketwire.com /docs/AOI0125.pdfThe ...

Crude oil pipeline planned for area

A portion of a proposed $1.9 billion pipeline to carry crude oil from Illinois to Oklahoma before heading south to refineries on the Gulf Coast would cut through parts of Livingston, Woodford, Tazewell, Mason and Fulton counties.

Researchers Argue Peak Oil Is Here, Bringing Permanent Volatility

Two researchers argue, in a paper published by Nature, that we've already passed the peak and volatility is here to stay.

Research and Markets: State Regulation in the Oil and Gas Sector in 2011 and Prospects for 2012: a detailed new report

Research and Markets has announced the addition of the "State Regulation in the Oil and Gas Sector in 2011 an

IGas hints at north-west shale gas potential

The Aim-quoted group said that drilling in Ince marshes in Cheshire had revealed large sections which could be suitable for fracking

Chevron seeks ‘to be treated fairly’ by Brazil

Chief describes second-largest US oil company’s year as ‘outstanding’ despite refining downturn and below forecast results

Cairn drops £3.5m bonus for chairman

Shareholder pressure forces U-turn on Sir Bill Gammell’s award after criticism that his deal had no performance conditions attached

Ministers reassure over Petroplus supply fears

Ministers insist there is plenty of petrol following reports of panic buying, after Swiss refiner filed for insolvency

BP blow in legal fight over gulf spill

Transocean has won a partial victory in court over which company should bear the costs of the Deepwater Horizon disaster

Iran threatens to act first on EU embargo

Bill before parliament could leave S European nations struggling to find alternative supplies

Obama seeks to lift natural gas demand

Tax break proposed for gas-fuelled trucks as part of move to support ‘American-made’ energy

Pemex and Repsol sign strategic alliance

Mexican state oil group and Spanish group end hostilities and agree to collaborate on projects after months of acrimony

Conoco to cut North American gas output

The US energy company is the latest to announce a shift to more profitable oil reserves after weak demand sparks a drop to 10-year low in natural gas prices

South Sudan closes more than half its oil wells

Move heightens tensions with Khartoum after failure to agree on how to divide oil revenues essential to both economies

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Permits pile up as gas and oil activity rises

Colorados gas and oil boom combined with a cash-strapped state government has caused a backlog of 1,800 pending air-pollution control permits for gas and oil equipment.It could have an impact on jobs, said Doug Hock, spokesman for Encana, a major natural gas and oil producer.

Brazil's Petrobras unit reports oil leak

Transpetro, a subsidiary of Brazil's state-run energy giant Petrobras, said Thursday it had detected an oil leak off the coast of Rio Grande do Sul state but did not know how much had spilled.

Oil pipeline owner activates equipment for spill cleanup

THE First Philippine Industrial Corp., operator of the oil pipeline that sprung a leak in 2010, has activated its US-made extraction equipment that it said would speed up the recovery of millions of liters of oil-contaminated groundwater.

Entry Level Equipment Operators Needed

SOS Staffing Services has partnered with one of the leaders in the Oil & Gas Service Industry and we are excited to be hiring entry level Equipment Operators in Saskatchewan. As an Equipment Operator, you will be required to work various shifts on a rotating schedule.

Chevron struggling to produce more oil

Chevron Corp says it is struggling to produce more oil and natural gas.

Higher oil prices, asset sales boost Conoco profit

Higher oil prices are making it easier for ConocoPhillips to complete a massive transformation this year.

Graham Corporation to Present at the Gabelli & Company 22nd Annual Pump, Valve & Motor Symposium

Graham Corporation (NYSE Amex: GHM), a designer and manufacturer of critical equipment for the oil refining, petrochemical ...

The Oil Off Cuba: Washington and Havana Dance at Arms Length Over Spill Prevention

On Christmas Eve, a massive, Chinese-made maritime oil rig, the Scarabeo 9, arrived at Trinidad and Tobago for inspection. The Spanish oil company Repsol YPF, which keeps regional headquarters in Trinidad, ferried it to the Caribbean to perform deep-ocean drilling off Cuba -- whose communist government believes as much as 20 billion barrels of crude may lie near the island's northwest coast. But ...

Oil industry sees China winning, West losing from Iran sanctions

DAVOS, Switzerland (Reuters) - As the European Union prepares to ban Iranian oil and the United States turns the screw on payments, oil executives and policymakers say China and Russia stand to gain the most and Western oil firms and consumers may emerge the biggest losers. Iran will continue to sell much the same volume of oil - 2.6 million barrels per day or around 3 percent of world supply ...