Oil Fields

Oil Fields News

  • Libya Rebels Report Accord ‘in Principle’ to Reopen Ports

    The prospects for a recovery in Libyan oil exports moved closer after rebels blocking shipments from the country’s east since July said they reached a deal with the government to allow a resumption.

  • Britain Confronts Gas Mother Lode With Fracking by Lord Browne

    An icy rain is pelting about 30 protesters who’ve converged at the gate of a natural gas drilling site near Manchester, England. On the other side of a fence topped with razor wire, a 10-story-high rig is boring into shale to determine if it’s suitable for hydraulic fracturing, or fracking. The demonstrators unfurl a banner: “Fracking will poison our children.”

  • Norway Warns Oil Companies Against ‘Unacceptable’ Project Delays

    Norway, western Europe’s biggest oil and gas producer, warned companies that “unacceptable” delays to offshore projects risk damaging the goodwill they currently enjoy from the government.

  • A Little Less Rich: Qatar Gas Dominance Challenged

    Blazing gas flares 70 meters high brighten the night sky above Qatar’s Ras Laffan Industrial City. The 295-square-kilometer complex houses the world’s largest assemblage of liquefied natural gas plants and the biggest port for LNG exports on the globe. Ras Laffan chills to a fluid more gas in a year than Canada consumes and then ships it to run electric plants and warm homes from Tokyo to Buenos Aires. The gas facilities within its grounds produce almost a third of the world’s LNG exports, Bloomberg Markets will report in its May issue.

  • South Sudan Ethnic Hatred Drives Rebel Leader’s White Army

    Dozens of South Sudanese men chanted war songs, blew whistles and brandished AK-47 rifles with a longing for ethnic revenge.

  • Vitol CEO Taylor Says Oil Price Underpinned by Libya Supply Halt

    Oil supply disruptions in countries such as Libya will support crude prices this year, said the chief executive officer of Vitol Group. Booming U.S. output means the world’s largest independent oil trader is looking to invest more there, he said.

  • Companies Try to Catch CO2 Before It Touches the Sky

    Andre Boulet, chief executive officer of Inventys Thermal Technologies Inc. in Burnaby, British Columbia, holds up a 6-inch piece of charcoal, showing how light passes through toothpick-sized air shafts. He says the crevices in this filter offer a cheap way to capture carbon dioxide before it ascends into the atmosphere and haunts future generations.

  • South Sudan’s Rebel Leader Machar Vows to Target Key Oil Fields

    South Sudanese rebels plan to capture key oil installations to force President Salva Kiir to step down and end more than three months of conflict in the world’s newest nation, former Vice President Riek Machar said.

  • U.S. Oil Boom Shifts Alliance as Obama Visits Saudi King

    When Barack Obama sits down tomorrow with Saudi Arabia’s King Abdullah, he’ll do so knowing the U.S. is importing the least crude in two decades, a shift changing America’s strongest relationship in the Arab world.

  • WTI Trades Near One-Week High as Cushing Inventories Fall

    West Texas Intermediate rose to a two-week high after crude stockpiles fell at the main U.S. oil storage hub. Brent gained in London as most Libyan oil fields remained shut.

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