UPI.comDONG Energy charts course out of oil and gasUPI.com8 (UPI) -- Danish energy group DONG Energy said that after gaining success from its renewable energy portfolio, it was leaving the oil and natural gas business behind. The company said in an interim …

UPI.comBritish oil and gas sector pleads for helpUPI.comLast than two months ago, Oil & Gas U.K. said the British oil and gas industry has been resilient in the era of lower crude oil prices. Costs have declined by up to 50 percent, while output since …

UPI.comStatoil moving quick on new oil field developmentUPI.com4 (UPI) -- Two engineering companies servicing the oil and gas sector said they were awarded contracts to help develop a Norwegian oil field with energy major Statoil. An alliance between FMC T …

How European Central Banks Are Funding Big Oil's DividendsOilPrice.comOil companies and their beneficiaries that suffer from low oil prices are being rescued by the current ECB monetary policies. Negative interest rates and the ECB corporate bond purch …

Times of IndiaSaudi Arabia, where even milk depends on oil, struggles to remake its economyTimes of IndiaNone other than King Salman's favored son, Deputy Crown Prince Mohammed bin Salman, has held up the dairy, Almarai, as a model for a country trying …

UPI.comMost of Sudan's oil opportunities have vanished, IMF saysUPI.comSudan as a united country started producing oil in the 1990s, though the division of Sudan and South Sudan in 2011 left most of the oil fields straddling the new border. The split r …

FortuneVenezuelan Oil Workers Are Selling Uniforms for FoodFortuneFor decades, jobs at Venezuela's state-run oil giant PDVSA were coveted for above average salaries, generous benefits and cheap credit that brought home ownership and vacationing abroad …

UPI.comMultilateral support for more Libyan oilUPI.com23 (UPI) -- Plans by Libya to increase oil production and exports to the global market are a welcome step toward stability, a multilateral statement read. Two tankers with a combined 1.3 million barrels …

UPI.comOil leaving Libyan portsUPI.comCiting an unnamed and unquoted spokesman for the Libyan National Oil Co., The Wall Street Journal reported that a tanker filled with 740,000 barrels of oil left the Ras Lanuf port Tuesday evening and another tanker wit …

UPI.comThree new oil sands projects approved in AlbertaUPI.comThe provincial government approved three oil sands developments, two of which involved the use of steam stimulation. Collectively, the government said the projects represent about $3 billion in …