OIL

10,863 articles

Huthi-struck oil tanker could spill 'million barrels,' US warns
Aug 24, 2024 (AFP)
The Greek-flagged Sounion was struck on Wednesday off the rebel-held port city of Hodeida, with the Iran-backed Huthis claiming to have hit the vessel with dron...
S.Africa ad body rules on TotalEnergies 'greenwashing'
Aug 22, 2024 (AFP)
The landmark ruling centres on a TotalEnergies campaign with South Africa's conservation authority, Sanparks, to encourage people to visit the country's nationa...
Oil spill hits beaches on Venezuela's northwest coast
Aug 20, 2024 (AFP)
In Puerto Cabello, near the El Palito refinery -- the scene of a spill last year -- tarry ooze marred the sandy beaches, AFP journalists saw. Environmental rese...
Tanker behind mysterious Trinidad and Tobago oil spill refloated
Aug 20, 2024 (AFP)
At the time of the spill, the vessel -- identified as the "Gulfstream" -- was being towed by the "Solo Creed," which turned off its tracking beacon shortly afte...
NASA and bp America to collaborate on energy and space technologies
Aug 15, 2024 (SPX)
This collaboration, formalized through a Space Act Agreement, will focus on the development and application of technologies such as digital models and simulatio...
Shipping Industry's Sulfur Cutbacks Linked to Accelerated Global Warming
Aug 13, 2024 (SPX)
The research, published in the journal 'Geophysical Research Letters', was conducted by a team of scientists who analyzed the impact of sulfur reduction in ship...
OPEC says Chinese economy pulling down oil demand
Aug 12, 2024 (AFP)
"The world oil demand growth forecast for 2024 is revised down slightly by 135,00 barrels a day from the previous month's assessment," the Organization of Petro...
Saudi Aramco quarterly profit dips as output stays low
Aug 06, 2024 (AFP)
The decrease of 3.4 percent "mainly reflects the impact of lower crude oil volumes sold and weakening refining margins", the company said in a statement posted ...
Kazakhstan fines oil firm $28 mn for environmental breaches
Aug 05, 2024 (AFP)
The Kazakhstan-based producer Kaspi Neft "did not receive a (permit)... for accumulating over 4,500 tonnes of dangerous waste between 2021 and 2022 from drillin...
Chevron to move HQ from California to oil-loving Texas
Aug 02, 2024 (AFP)
The oil company, once known as Standard Oil of California, will relocate its corporate headquarters from San Ramon in Northern California to Houston, long a glo...
BP to develop new oil and gas fields in Iraq
Aug 01, 2024 (AFP)
A memorandum of understanding was signed by Iraq's Oil Minister Hayan Abdel Ghani and BP's CEO Murray Auchincloss, Prime Minister Mohamed Shia al-Sudani's media...
Oil giant Shell says net profit dips in first half
Aug 01, 2024 (AFP)
Profit after tax declined to $10.9 billion compared with the first six months of last year, Shell said in an earnings statement. The same issues affected rival ...
China congratulates Venezuela's Maduro on re-election
Jul 29, 2024 (AFP)
"China congratulates Venezuela for smoothly holding its presidential election and congratulates President Maduro on his successful re-election," foreign ministr...
Researchers Develop Efficient Method for Green Hydrogen Production
Jul 29, 2024 (SPX)
Kyriakos Stylianou and his team from the OSU College of Science have created a high-speed, high-efficiency photocatalyst for hydrogen production. This new mater...
US replenishes strategic oil reserve after tapping it for Russia's invasion of Ukraine
Jul 29, 2024 (UPI)
This includes 140 million barrels of oil secured by working with Congress to cancel previously mandated planned sales, the agency said. DOE, taking advantage of...
Philippines delays recovery of sunken tanker's oil
Jul 28, 2024 (AFP)
The siphoning of the 1.4 million litres of industrial fuel oil from the vessel's hold was pushed back to Tuesday at the earliest so divers could seal nine leaki...
Philippines races to avoid 'environmental catastrophe' from oil spill
Jul 26, 2024 (AFP)
One crew member died when the MT Terra Nova sank in rough seas nearly seven kilometres (4.3 miles) off Limay municipality early Thursday after setting out for t...
Chinese oil company suspends Niger construction over 'terrorist' threat
Jul 24, 2024 (AFP)
The suspension comes after a series of attacks on Niger's oil infrastructure in recent months, including one claimed by rebels seeking to return the coup-hit Sa...
Russia 'killing' climate, say activists awaiting top rights court ruling
Jul 24, 2024 (AFP)
Russian environmental group Ecodefense and 18 individuals filed a case with the European Court of Human Rights (ECHR) last year, saying Moscow's actions were wo...
Oil-tainted lake a symptom, and symbol, of Venezuela's collapse
Jul 21, 2024 (AFP)
Here, much like elsewhere in what was once Latin America's richest country, economic hardship drives much of the discussion ahead of July 28 elections, in which...
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