Scotland working to protect EU relations

Daniel J. GraeberEDINBURGH, Scotland, July 25 (UPI) — The Scottish government, which once pushed an independence bid in part on oil revenue, said every option is on the table for staying in the European Union.

Schlumberger: We’ve reached the bottom

Daniel J. GraeberLONDON, July 22 (UPI) — The energy market has clearly turned the corner, but the industry still faces headwinds without significant price recovery, Schlumberger’s CEO said.

Encana Corp. said to expect more drilling

Daniel J. GraeberCALGARY, Alberta, July 21 (UPI) — Spending on exploration and production is going up after second quarter operations turned into positive cash flow, shale oil and gas producer Encana Corp. said.

Oil prices lower on weak demand

Daniel J. GraeberNEW YORK, July 20 (UPI) — Consumer demand is still not drawing inventories of petroleum products lower, sending crude oil prices sharply downward in early Wednesday trading.

Halliburton: Our strategy is working

Daniel J. GraeberHOUSTON, July 20 (UPI) — Despite paying billions of dollars after a failed merger effort with a rival, oilfield services company Halliburton said its strategy is working.

BHP lowers expectations for petroleum

Daniel J. GraeberMELBOURNE, July 20 (UPI) — Australian mining and energy company BHP Billiton said it was ready to pounce at core U.S. assets once conditions improve for energy prices.