OIL

10,863 articles

Gas boom risks 'perfect storm' for climate, economy: report
Jul 06, 2020 (AFP)
Capital expenditure on liquefied natural gas (LNG) facilities has surged from $82.8 billion to $196.1 billion over the last 12 months, according to a report by ...
US judge temporarily closes controversial oil pipeline
Jul 06, 2020 (AFP)
Activists protested and blocked construction of the controversial $3.8-billion, 1,172-mile oil pipeline for months in 2016, objecting to the route connecting th...
Russia asks mining giant to pay $2 bln for Arctic spill
Jul 06, 2020 (AFP)
Rosprirodnadzor said it had sent a request for "voluntary compensation" to a subsidiary of Norilsk Nickel, NTEK, estimating the damage to Arctic subsoil and wat...
Libya's unity govt says 'foreign air force' hit key base
Jul 05, 2020 (AFP)
Forces loyal to the Government of National Accord (GNA) seized back the Al-Watiya airbase, 140 kilometres (90 miles) southwest of Tripoli, from troops aligned w...
Iran says accord under negotiation with China 'not secret'
Jul 05, 2020 (AFP)
"With confidence and conviction, we are negotiating a 25-year strategic accord with China," Iran's top trading partner, Mohammad Javad Zarif said. During the se...
Duke, Dominion Energy drop plans for controversial US pipeline
Jul 05, 2020 (AFP)
Dominion Energy also announced it intends to sell its natural gas transmission and storage assets to American businessman Warren Buffet's holding company for $9...
UK court fines Greenpeace over BP oil rig protest
Jul 03, 2020 (AFP)
Edinburgh's Court of Session handed down the penalty, equivalent to $99,900 or 88,700 euros, in a response to actions by Greenpeace UK at a drilling rig operate...
Turkey seeks French apology over 'false' claim in naval row
Jul 02, 2020 (AFP)
"When France makes false claims and works against Turkey, that should not be accepted," Mevlut Cavusoglu told reporters in Berlin. "We expect France to apologis...
Iraq oil exports sink to comply with OPEC cuts
Jul 01, 2020 (AFP)
The OPEC cartel's second-biggest crude producer had been left reeling by the recent worldwide crash in oil prices and a flood of cheap crude from Saudi Arabia. ...
U.S., UAE conclude exercises in Arabian Gulf
Jul 01, 2020 (UPI)
The naval and air training operations were conducted from June 21 to June 25 and centered on the U.S. Navy's USS Lewis B. Pulller, an expeditionary mobile base ...
Curtailed hajj compounds Saudi economic woes
Jun 28, 2020 (AFP)
Islam's holiest city usually hosts millions of pilgrims for the annual rite, but the kingdom has barred overseas visitors from this year's event, scheduled for ...
Venezuela calls US warship presence 'a provocation'
Jun 24, 2020 (AFP)
"A United States Navy destroyer approached within 30 miles of the coast, in a clear act of provocation. It cannot be termed otherwise....it is a clear defiant a...
Jun 24, 2020 (AFP)
USS Nitze sails into contested waters off coast of Venezuela
Jun 23, 2020 (UPI)
According to the Navy, Arleigh Burke-class guided missile destroyer conducted the operation outside of Venezuela's 12-nautical-mile territorial jurisdiction -- ...
Oil forecasting technique adapted for spreadsheets may cut shale operator costs
Jun 23, 2020 (SPX)
Researchers at Texas A and M University have developed an analytical procedure that can be used in spreadsheets to predict the amount of oil and gas that can be...
Without urgent reform, Iraq economy will face irreparable shocks
Jun 22, 2020 (AFP)
"Reform is inevitable," said Ali Allawi, who has been tasked with stabilising Iraq's economy following an oil price crash that saw state revenues slashed by hal...
Greece urges EU not to be 'weak' on Libya after naval tension
Jun 19, 2020 (AFP)
The embargo was agreed amid efforts to stem the conflict which has racked Libya since the 2011 overthrow of dictator Moamer Kadhafi, but Western efforts to enfo...
Turkey dismisses France allegations of naval aggression
Jun 18, 2020 (AFP)
"It is clear the allegations are groundless and deliberate," said a senior Turkish military official who did not wish to be named, after the French defence mini...
France condemns 'aggressive' act by Turkish navy
Jun 17, 2020 (AFP)
French sailors were trying to check a cargo ship on suspicion it was taking arms to Libya -- forbidden under a UN embargo. Turkish frigates carried out radar ta...
Russia says has removed fuel from river hit by Arctic spill
Jun 17, 2020 (AFP)
After more than 700 people were deployed to clear the pollution, officials said the operation had removed the main spill from the surface of the most-polluted w...
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