Woodside halts Australian LNG project

Daniel J. GraeberPERTH, Australia, March 23 (UPI) — Australian energy company Woodside said it was putting a hold on the development of its Browse liquefied natural gas project because of market conditions.


Canada retools budget to address oil shocks

Daniel J. GraeberOTTAWA, March 23 (UPI) — A budget for a Canadian economy under pressure from lower crude oil prices aims to return a sense of optimism for future generations, the finance minister said.



U.S. gas prices move toward seasonal high

Daniel J. GraeberWASHINGTON, March 22 (UPI) — U.S. refinery issues and recovery for oil prices means retail gasoline prices are closing in on their highest levels since December, market analysis finds.


Oil moves higher on Chinese sentiment

Daniel J. GraeberNEW YORK, March 21 (UPI) — Positive sentiments about Chinese economic policy from the International Monetary Fund helped lift crude oil prices in early Monday trading.


Chevron makes LNG debut for Gorgon project

Daniel J. GraeberSAN RAMON, Calif., March 21 (UPI) — U.S. energy company Chevron said it was now generating revenue from its Gorgon liquefied natural gas project in Australia with the delivery of its first cargo.


Chevron makes LNG debut for Gorgon project

Daniel J. GraeberSAN RAMON, Calif., March 21 (UPI) — U.S. energy company Chevron said it was now generating revenue from its Gorgon liquefied natural gas project in Australia with the delivery of its first cargo.


Finland gets backing for LNG development

Daniel J. GraeberBRUSSELS, March 18 (UPI) — The European Commission said Friday it supported Finland’s strategy to invest in a small-scale liquefied natural gas terminal as an energy security option.


Oil sticking above $40 per barrel

Daniel J. GraeberNEW YORK, March 17 (UPI) — Shimmers of economic optimism from the United States and growing support for production caps gave crude oil prices a lift above $40 per barrel Thursday.


No more Gulf drilling, advocates say

Daniel J. GraeberNEW ORLEANS, March 17 (UPI) — As the Obama administration pulls the Atlantic Ocean off a drilling list, activist backers on the southern U.S. coast said they’re wary of Gulf of Mexico plans.