OIL - RADAR DAILY

Hydraulic fracturing rarely linked to felt seismic tremors

Jun 28, 2017 (SPX)

For the past two years, UAlberta geophysicist Mirko Van der Baan and his team have been poring over 30 to 50 years of earthquake rates from six of the top hydro...

Mixed start for crude oil prices as investors examine competing data

Jun 28, 2017 (UPI)

The American Petroleum Institute, an industry group, reported late Tuesday that U.S. crude oil inventories increased by about 850,000 barrels last week, a surpr...

Gas prices inching lower ahead of U.S. holiday weekend

Jun 27, 2017 (UPI)

The motor club reports a national average retail price for a gallon of regular unleaded at $2.25 for Tuesday, about a penny less than the previous day and the 2...

LNG exports a 'big issue' for Trump administration

Jun 27, 2017 (UPI)

Asked during a regular press briefing about the meaning of U.S. energy dominance, White House spokesman Sean Spicer singled out the ability to export liquefied ...

Momentum building for LNG sector offshore Mozambique

Jun 27, 2017 (UPI)

GE Oil & Gas signed two five-year contracts with a regional subsidiary of Italian energy company Eni to provide equipment for offshore developments tied to Moza...

Oil prices move higher on expected oil and gasoline inventory declines

Jun 27, 2017 (UPI)

Crude oil prices touched historic lows last week following earlier reports of building inventory levels for oil and gasoline in the United States, the world's t...

Russian oil company Rosneft hit by cyberattack

Jun 27, 2017 (UPI)

In a statement posted on its official Twitter account, Rosneft said its server was the target of a "powerful hacker," adding it was wary of a possible connectio...

Employment concerns on the rise for oil-rich Norway

Jun 27, 2017 (UPI)

Norway is one of the top oil and natural gas producers in the world, sending nearly all of its offshore production to the export market. About a quarter of the ...

New oil production starts in the North Sea

Jun 26, 2017 (UPI)

British exploration and production company EnQuest announced Monday that oil production started from its Kraken field in the North Sea. Describing the operation...

New research reveals impact of seismic surveys on zooplankton

Jun 26, 2017 (SPX)

Scientists from IMAS and the Centre for Marine Science and Technology (CMST) at Curtin University studied the impact of commercial seismic surveys on zooplankto...

Norway could get economic lift from northern oil field

Jun 26, 2017 (UPI)

The company said the northern port city of Hammerfest, located in Finnmark county, would serve as supply and helicopter base for the development of the Johan Ca...

Russia focused on Arctic oil developments

Jun 26, 2017 (UPI)

Rosneft said last week that preliminary data from three core samples from a well in the northern Laptev Sea indicated a new oil field has been discovered. The c...

Gas potential off the coast of Indonesia under review

Jun 26, 2017 (UPI)

Empyrean Energy declared a success after preliminary results from its Mako well operation off the coast of Indonesia came in better than expected. "While we hav...

Oil prices move higher on global economic expectations

Jun 26, 2017 (UPI)

"The facts paint a brighter picture," the Bank for International Settlements said in a weekend statement. "There are clear signs that growth has gathered moment...

U.S. now supplying LNG to South Korea

Jun 26, 2017 (UPI)

The Korea Gas Corp. commenced a 20-year sales and purchase agreement with Cheniere Energy Inc., which operators the only facility in the United States with the ...

API: U.S. crude oil imports up 1.9 percent from last year

Jun 24, 2017 (UPI)

API published monthly data from May, showing total U.S. crude oil production averaged 9.3 million barrels per day, up 0.9 percent from April and 5.1 percent hig...

Crude oil prices inch higher, but market doubts persist

Jun 24, 2017 (UPI)

"The writing is on the wall for OPEC," Vandana Hari, an industry analyst for Vanda Insights, said in an emailed newsletter. "It needs to cut more." Members of t...

Seismic surveys responsible for high zooplankton mortality rates

Jun 24, 2017 (UPI)

Seismic air guns are frequently used on marine petroleum expeditions. New research found the air blasts dramatically increase mortality rates among target zoopl...

Weld fracture caused North Sea gas leak

Jun 24, 2017 (UPI)

No injuries were reported after an incident on the platform in Norwegian waters late Wednesday. In an update on the situation, the exploration and production ar...

Best days ahead for oil-rich Canada, prime minister says

Jun 24, 2017 (UPI)

The prime minister addressed lawmakers with a mid-year progress report, saying pensions have improved, tax relief went to the middle class and more jobs were ad...