OIL

10,863 articles

Chinese scientists utilize SDGSAT-1 satellite for offshore oil and gas platform monitoring
Feb 12, 2025 (SPX)
A team from the Aerospace Information Research Institute of the Chinese Academy of Sciences (CAS) detailed their findings in a recent publication in the Interna...
Sudan says 'no obstacles' to Russian Red Sea naval base
Feb 12, 2025 (AFP)
Moscow has for years had its sights on a base near Port Sudan. It has also backed rival factions in the Sudanese civil war as it strives to advance its influenc...
BP executive promises 'reset' after profits fell in 2024
Feb 11, 2025 (UPI)
Profits from the petroleum giant tumbled from $14 billion in 2023 to $8.9 billion last year, leaving New York-based activist hedge fund Elliott Investment Manag...
Did cuts to shipping emissions spur more global warming?
Feb 10, 2025 (AFP)
The main reason for global warming is the heat-trapping emissions from burning fossil fuels. But scientists have been looking at the extent to which a shift to ...
Lula pushes mega-oil project as Brazil prepares to host COP30
Feb 08, 2025 (AFP)
President Luiz Inacio Lula da Silva, 79, aspires to make Brazil a leader in the fight against global warming, but has fiercely defended oil exploration as key t...
Airbus acknowledges slow progress on hydrogen plane
Feb 07, 2025 (AFP)
The European aircraft manufacturer had targeted producing a zero-emission plane within a decade to help the commercial aviation sector meet its pledge to becomi...
US sanctions network delivering Iranian oil to China
Feb 06, 2025 (AFP)
The sanctions target the network for "facilitating the shipment of millions of barrels of Iranian crude oil worth hundreds of millions of dollars to the People'...
Oil giants TotalEnergies, Equinor reduce low-carbon investments
Feb 05, 2025 (AFP)
Major fossil fuel companies have seen their profits fall as crude prices have dropped over demand concerns after soaring in the wake of Russia's invasion of Ukr...
TotalEnergies reduces low-carbon investments as profit falls
Feb 05, 2025 (AFP)
The group said its after-tax profit sank 26 percent to $15.8 billion as energy prices have fallen and refining margins declined sharply. The figure was around $...
Norway's Equinor scales back renewable energy aims as profit falls
Feb 05, 2025 (AFP)
The group said it now planned a renewable capacity of between 10 and 12 gigawatts in 2030, down from a previous forecast of 12 to 16 GW. The group said profit a...
Trump seeks species protection rollbacks to promote US drilling
Feb 04, 2025 (AFP)
A directive signed late Monday by Interior Secretary Doug Burgum gives agencies 15 days to submit plans to unleash US energy, which critics say would weaken the...
Australian 'green' hydrogen project under threat
Feb 04, 2025 (AFP)
The project aims to build a hydrogen production plant in central Queensland state, which would produce low-emissions fuel destined for the likes of Japan and Si...
Trump says oil and gas tariffs may come around Feb 18
Jan 31, 2025 (AFP)
Trump has pledged to impose 25 percent tariffs on Canada and Mexico -- and a 10 percent rate on China -- on Saturday, pointing to the flow of deadly fentanyl in...
Trump's point man for drilling agenda confirmed by Senate
Jan 31, 2025 (AFP)
Former North Dakota governor and 2024 presidential candidate Doug Burgum was confirmed in a 79-18 vote, with the majority of Democrats joining their Republican ...
Shell annual profit drops to $16 bn as oil prices fall
Jan 30, 2025 (AFP)
Profit after tax fell to $16.1 billion in 2024, the company said in an earnings statement. Revenue dropped nearly 11 percent to $289 billion in a year that saw ...
Scottish court rules against two new North Sea oil and gas fields
Jan 30, 2025 (AFP)
Scotland's Court of Session agreed with campaign groups Uplift and Greenpeace and ruled that the previous UK government's approvals for the multi-billion-pound ...
Ukrainian drone barrage on Russia kills two, hits oil refinery
Jan 29, 2025 (AFP)
Moscow and Kyiv have exchanged almost daily drone or missile attacks over the nearly three-year war, targeting energy and military sites in both countries. Stri...
Development of a 2-liter ammonia fueled engine
Jan 24, 2025 (SPX)
The Korea Institute of Machinery and Materials (KIMM), led by President Seog-Hyeon Ryu, announced the creation of the world's first engine capable of directly i...
Trump moves to redesignate Houthi rebels as a Foreign Terrorist Organization
Jan 23, 2025 (UPI)
Trump had applied the Foreign Terrorist Organization designation against the Houthi rebels, known officially as Ansar Allah, during the final days of his first ...
126 NGOs oppose funding of TotalEnergies Mozambique LNG project
Jan 22, 2025 (UPI)
"It is in your hands to ensure justice for the people affected by this project, and for the survivors and witnesses of the reported massacre near the Afungi gas...
The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes.