Iraq works on southern oil export expansion

Daniel J. GraeberLONDON, Dec. 14 (UPI) — British energy company Petrofac said it secured a $75 million contract to help with the expansion of a crude oil export facility at a southern Iraqi port.

No free oil rides, IEA says

Daniel J. GraeberPARIS, Dec. 13 (UPI) — Production agreements from some of the top oil nations in the world don’t necessarily mean the return to the glory days of $100 oil, a Paris-based agency said.

Offshore wind makes U.S. debut

Daniel J. GraeberBLOCK ISLAND, R.I., Dec. 13 (UPI) — Turbines are spinning at a wind farm off the coast of Rhode Island, powering the region for the first time in an offshore capacity, a company announced.

White House raises eyebrow over Rosneft deal

Daniel J. GraeberWASHINGTON, Dec. 9 (UPI) — An $11 billion deal with a Russian oil producer, commodity trader Glencore and a Qatari sovereign fund may be under sanctions review, the White House said.

Electric vehicle market footprint growing

Daniel J. GraeberWASHINGTON, Dec. 9 (UPI) — Europe and China are expected to dominate the consumer electric vehicle market as the footprint grows into double-digit percent, a market report finds.

Texas drilling permits lower than last year

Daniel J. GraeberAUSTIN, Texas, Dec. 9 (UPI) — State regulators in Texas said they issued 2 percent fewer oil and gas drilling permits in November than last year, though signs of recovery are emerging.

U.S. oil producers lifted by OPEC action

Daniel J. GraeberNEW YORK, Dec. 8 (UPI) — Some oil producers in the United States are expected to see gains as oil prices recover on the back of OPEC’s output agreement, Platts reports.