OIL - INDO DAILY

Iraq faces financial calamity after crude crash

Mar 19, 2020 (AFP)

But officials appear remarkably optimistic, a view experts described as being "in denial" given forecast oil crashes would cost Iraq two-thirds of its net incom...

Occidental Petroleum fined $18.25 million for fatal 2017 natural gas explosion

Mar 18, 2020 (UPI)

Jeff Robbins, director of the Colorado Oil and Gas Conservation Commission, the state's regulatory agency, said an "aggravating factor" of loss of life boosted ...

Gas pipeline explosion in Nigeria kills at least 17

Mar 18, 2020 (UPI)

The explosion occurred Sunday in the Abule-Ado area, near the International Trade Fair Complex in Lagos. The cause is under investigation. The blast happened in...

Oil prices extend losses on price war, virus fallout

Mar 17, 2020 (AFP)

US benchmark West Texas Intermediate (WTI) briefly fell below $30 a barrel, or 5.5 percent, in morning Asian trade before regaining its footing. It was trading ...

Computer model solves mystery of how gas bubbles build big methane hydrate deposits

Mar 13, 2020 (SPX)

The research used a computer model of gas bubbles flowing through hydrate deposits, a common phenomenon which according to existing models, should not be possib...

South Sudan's road to peace marred by 'unconscionable' violence

Mar 13, 2020 (AFP)

Koba Ngacho was lucky. Shot three times and left for dead, the young rustler was found alive in the carnage, the bullets having missed his vital organs, and air...

US keeping two carriers in Gulf to deter Iran proxy attacks

Mar 13, 2020 (AFP)

Central Command chief General Kenneth McKenzie said the carrier groups would be staying for a sustained period following a series of attacks on US positions in ...

Piracy takes greater toll on small Persian gulf energy exporters

Mar 13, 2020 (SPX)

"Large exporters of crude oil, such as Saudi Arabia, see little significant long-term impact. But for smaller countries such as Bahrain or Kuwait that rely on e...

South Sudan's Kiir unveils new cabinet

Mar 12, 2020 (AFP)

A presidential decree naming the 34 ministers and 10 deputies was read out on state television. The announcement followed weeks of negotiations between Kiir and...

Oil price crash: will it affect the move to green energy?

Mar 11, 2020 (AFP)

But on the flip side, it could see companies move away from exploiting expensive fossil fuel deposits. - Fossil fuel switch - The plunging price of crude could ...

Researchers use machine learning to augment detection of methane leaks

Mar 10, 2020 (SPX)

In addition, methane is invisible, which makes detection by conventional means difficult. So when UC Santa Barbara researcher Satish Kumar and colleagues noted ...

Water splitting advance holds promise for affordable renewable energy

Mar 10, 2020 (SPX)

Using solar and wind power when it is available for water splitting, a process that uses electricity to split H2O into hydrogen and oxygen, offers a way to stor...

Notes show ExxonMobil 'attempted to influence' EU Climate Deal: NGO

Mar 06, 2020 (AFP)

Notes from the meeting in Brussels on November 21, 2019, obtained through a Freedom of Information request, show that Exxon officials urged the EU to weaken gui...

'Smart water' may aid oil recovery

Mar 04, 2020 (SPX)

Scientists at Rice University's Brown School of Engineering show that microscopic saltwater droplets emulsify crude oil when each has the right composition. Und...

Canada oil firm apologizes for sexualized 'Greta' image

Mar 03, 2020 (AFP)

The image, shared widely on social media last week, shows a black-and-white drawing of a naked woman with her back turned, two hands pulling on her braids -- an...

Rust and light a possible answer to the conundrum of hydrogen fuel production

Feb 27, 2020 (SPX)

There are two reasons for this. First, hydrogen is highly flammable and leaks very easily from storage tanks, causing potential explosion hazards during storage...

BP leaving three US trade bodies after climate review

Feb 26, 2020 (AFP)

"BP today announced that ... it will leave three US-based organisations -- American Fuel and Petrochemical Manufacturers, the Western States Petroleum Associati...

Firm scraps bid to drill off pristine Australian coast

Feb 25, 2020 (AFP)

The company said the project's potential was "not commercially competitive" compared with other exploration opportunities it was pursuing. It comes just two mon...

NGOs take Norway to Supreme Court over Arctic oil

Feb 24, 2020 (AFP)

Greenpeace and Natur og Ungdom (Nature and Youth) say oil drilling licences granted to companies in 2016 should be cancelled because they violate Norway's const...

Canada's Teck withdraws controversial oil sands project

Feb 24, 2020 (AFP)

The Frontier project would have cost about Can$20 billion ($15 billion) and had been expected to produce 260,000 barrels of oil per day. But its impact on the e...