Texas shows increase in oil production

Daniel J. GraeberAUSTIN, Texas, March 1 (UPI) — Texas crude oil production increased 5 percent in December even as markets moved closer to historic lows, state data for the month show.


Texas shows decrease in oil production

Daniel J. GraeberAUSTIN, Texas, March 1 (UPI) — Texas crude oil production showed a decrease in December as crude oil prices dragged on state potential, though banks are seeing signs of life.


Oil prices up on Saudi market pledge

Daniel J. GraeberNEW YORK, Feb. 29 (UPI) — A pledge Monday from Saudi Arabia to work with fellow producers to achieve market stability gave momentum to an emerging rally in crude oil prices.




Woodside names former Shell brass to board

Daniel J. GraeberPERTH, Australia, Feb. 29 (UPI) — Australian energy company Woodside Petroleum said it named one of Shell’s leaders in Arctic exploration as a non-executive member of its board.


Potential for Texas LNG export facility building

Daniel J. GraeberPERTH, Australia, Feb. 26 (UPI) — Australian gas leader Woodside is wading into the growing liquefied natural gas sector in the United States with an agreement to tap Texas port developments.



Repsol sells British wind energy business

Daniel J. GraeberMADRID, Feb. 25 (UPI) — After cutting investments by 20 percent, Spanish energy company Repsol said it was selling its entire British wind energy business to a Chinese counterpart.


U.S. oil sent to Israeli refineries

Daniel J. GraeberAMSTERDAM, Netherlands, Feb. 24 (UPI) — Dutch oil trader Trifigura confirmed it delivered a cargo of crude oil sourced from U.S. basins to Israeli refineries in an early start for U.S. oil deliveries.