Weatherford says it’s ready for anything

Daniel J. GraeberBAAR, Switzerland, April 29 (UPI) — The top executive at oil services company Weatherford International said he was taking a constructive approach to what he said was a “violent downturn.”


Weatherford says it’s ready for anything

Daniel J. GraeberBAAR, Switzerland, April 29 (UPI) — The top executive at oil services company Weatherford International said he was taking a constructive approach to what he said was a “violent downturn.”


Gulf Keystone Petroleum mulling debt

Daniel J. GraeberLONDON, April 29 (UPI) — Iraq-focused Gulf Keystone Petroleum said Friday it reached an agreement with bondholders to delay making interest payments while it seeks debt restructuring.


Conoco touts strength, but losses mount

Daniel J. GraeberHOUSTON, April 28 (UPI) — After cutting dividend payouts, ConocoPhillips said Thursday it was in a good position to weather the market downturn, but still posted a quarterly net loss.


Oil still at center of Libyan conflict

Daniel J. GraeberTRIPOLI, Libya, April 27 (UPI) — With oil again acting as kindling for conflict in Libya, the U.N. mission there reminded all parties to respect the sanctity of the nation’s economic lifeline.


New oil discovery in Gulf of Mexico

Daniel J. GraeberWEST PERTH, Australia, April 27 (UPI) — Otto Energy Ltd., a company with headquarters in Australia, said it made an oil discovery in the Gulf of Mexico that was productive enough to keep drilling.


U.S. shale oil down, but not out

Daniel J. GraeberWASHINGTON, April 27 (UPI) — A U.S. congressional researcher said some shale oil companies in the country will rebound as oil prices recover, though output will remain under pressure.


Alberta taking climate message to Washington

Daniel J. GraeberEDMONTON, Alberta, April 27 (UPI) — Facing pressure from low oil prices, Alberta’s premier said the province is now leading the fight against climate change and taking that message to Washington.


Stanford maintains investments in fossil fuels

Daniel J. GraeberSTANFORD, Calif., April 26 (UPI) — The board of trustees at Stanford University said it was maintaining an investment portfolio of fossil fuels despite growing support for a low-carbon economy.