OIL

10,863 articles

Huge Arctic oil project to boost Russian GDP: Rosneft
Feb 11, 2020 (AFP)
Meeting with President Vladimir Putin, Rosneft chief executive Igor Sechin said that Vostok Oil, the company's project on northern Siberia's Taimyr peninsula, w...
OPEC committee urges output cut over coronavirus
Feb 08, 2020 (AFP)
"The coronavirus epidemic has had a negative impact on economic activity, notably in transport, tourism and industry, particularly in China," Mohamed Arkab, who...
Construction costs of Canada pipeline to Pacific soar
Feb 07, 2020 (AFP)
Design changes, additional regulatory processes and delays caused by environmental activists' protests and legal challenges drove the pipeline costs to $9.5 bil...
China virus roils commodity markets
Feb 07, 2020 (AFP)
Base metals such as copper have in particular suffered since mid-January, while oil has recovered somewhat after heavy falls and haven investment gold has benef...
Cyprus orders missiles amid Turkey gas tensions
Feb 07, 2020 (AFP)
"Contracts were signed related to upgrading specific weapons systems at an estimated cost of 240 million" euros, the ministry said in a statement. "Given the se...
Norway's Equinor sets green goals but activists not satisfied
Feb 06, 2020 (AFP)
The state-controlled firm said it aims for overall carbon neutrality by 2030, reducing by half emissions that cause global warming by 2050, and a 10-fold increa...
Report reveals elevated benzene levels at 10 U.S. oil refineries
Feb 06, 2020 (UPI)
The oil refineries aren't breaking the law, but according to EPA rules, owners of the facilities must investigate the cause of the elevated emissions and work t...
Russia boosts oil supply to India
Feb 05, 2020 (AFP)
Rosneft has signed a contract with Indian Oil Corporation to supply the oil via Russia's southern port Novorossiysk, it said in a statement. The Russian state-o...
Cruise ships switching fuel to cleaner liquefied natural gas
Feb 05, 2020 (UPI)
The use of LNG in cruise ships will slash harmful pollution from the ships and help the industry meet new global environmental standards and lower fuel costs, a...
Shooting, gas shortages in Kurdish Iraq over contract spat
Feb 05, 2020 (AFP)
The crisis was sparked by competition over a contract to transport liquefied petroleum gas (LPG) from the northeastern field of Khor Mor to consumers in the aut...
Nine arrested in Greenpeace protest at BP in London
Feb 05, 2020 (AFP)
The Metropolitan Police said the arrests were made outside the firm's building in St James' Square, central London, as part of a "proportionate policing plan". ...
EU's 'unnecessary' gas splurge threatens climate goals: analysis
Feb 04, 2020 (AFP)
In the first survey of its kind, the Global Energy Monitor (GEM) think tank looked at proposed natural gas infrastructure projects -- including power plants, im...
Indigenous groups lose court bid to block Canada pipeline
Feb 04, 2020 (AFP)
The decision is a win for Prime Minister Justin Trudeau, whose government in 2016 approved the project connecting the Alberta oil sands to the Pacific coast for...
Iraq says OPEC weighing output cut over virus outbreak
Feb 04, 2020 (AFP)
Crude prices have tumbled since the deadly outbreak in the world's second-biggest economy, which is a huge consumer of crude. The Organization of the Petroleum ...
Bats inspire detectors to help prevent oil and gas pipe leaks
Feb 03, 2020 (SPX)
By mimicking how bats use differing wavelengths of ultrasound to detect objects, hunt, and avoid predators, engineers have developed a new system that combines ...
Russia to build hydrogen-powered Arctic outpost in natural gas country
Feb 03, 2020 (UPI)
The autonomous Station Snezhinka, or "snowflake" complex, will be created as an international platform for engineers, researchers and scientists in Russia's spa...
AQAP claims responsibility for US military base attack: monitor
Feb 02, 2020 (AFP)
"In an audio speech delivered by its leader, Qassim al-Rimi, (AQAP) claimed credit for the December 2019 Naval Air Station Pensacola attack," SITE, which tracks...
Japan destroyer heads to Middle East as Iran-US tension lingers
Feb 02, 2020 (AFP)
The vessel left the Yokosuka naval base, south of Tokyo, for an information gathering mission in the Gulf of Oman, northern parts of the Arabian Sea and parts o...
Oil market chilled by virus impact on China growth
Jan 31, 2020 (AFP)
The novel coronavirus first emerged in early December in the Chinese industrial city of Wuhan and has since spread to dozens of other countries. China's economy...
US appoints special envoy for S. Sudan crisis
Jan 31, 2020 (AFP)
The State Department said that Stuart Symington, a retired ambassador with long experience in Africa, "will lead US efforts to support the peace process and a s...
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