OIL

10,863 articles

Shell faces shareholder revolt over climate strategy
May 21, 2024 (AFP)
Shell said in a statement that almost 22 percent of shareholders rejected its current climate plan, in a vote held at the group's annual general meeting. Manage...
Iraq father begins legal action against BP over son's cancer death
May 19, 2024 (AFP)
The bereaved father, who lives near the Rumaila field in the southern province of Basra, is demanding that the firm compensate him for his son Ali's medical exp...
Ineos drives towards hydrogen car future
May 18, 2024 (AFP)
Making the demonstrator car was "a really obvious thing" to do, the company's chief executive Lynn Calder told journalists at the unveiling this week. The young...
Oil tanker hit by missile off Yemen
May 18, 2024 (AFP)
"At approximately 1 am (Sanaa time) May 18, Iranian-backed Huthis launched one anti-ship ballistic missile (ASBM) into the Red Sea and struck M/T Wind, a Panama...
Harnessing hydrogen for heavy-duty transportation
May 16, 2024 (SPX)
Fuel cells use the chemical energy of hydrogen or other fuels to produce electricity cleanly and efficiently. When hydrogen is the fuel, the only byproducts are...
Qatar eyes more long-term gas supply deals this year
May 15, 2024 (AFP)
The minister, who is also chief executive of QatarEnergy, said the state-owned giant had secured sales of 25 million tonnes of liquefied natural gas (LNG) in th...
Chinese firms win most bids to explore Iraq oil and gas
May 13, 2024 (AFP)
Seven Chinese companies, including Sinopec, UEG, CNOOC Iraq and Anton Oilfield, won 10 projects including eight oil fields and two with potential oil and gas re...
US, Japanese banks lead fossil fuel financing
May 13, 2024 (AFP)
Since the 2015 Paris climate agreement, the top 60 banks have provided a total of $6.9 trillion to the sector, according to the coalition's 15th annual report t...
Iraq hopes oil reserves will exceed 160 bn barrels: minister
May 11, 2024 (AFP)
The minister's comment came during the launch of new licensing rounds for 29 oil and gas fields. According to the World Bank, Iraq has 145 billion barrels of pr...
Manganese and iridium catalyst marks significant advance in sustainable hydrogen production
May 10, 2024 (SPX)
Hydrogen, abundant and renewable, is seen as a key player in the transition away from fossil fuels. Yet, extracting it from water on a commercial scale has been...
US, China pledge joint methane action at climate talks
May 10, 2024 (AFP)
Chinese climate envoy Liu Zhenmin and White House climate advisor John Podesta met for the first time since the departure of their predecessors, whose unusually...
Octogenarian Just Stop Oil protesters target Britain's Magna Carta
May 10, 2024 (AFP)
Anglican priest Sue Parfitt, 82, and retired teacher Judy Bruce, 85, held a sign saying "The government is breaking the law", the group said. Magna Carta is see...
Australia unveils plan to keep burning gas beyond 2050
May 09, 2024 (AFP)
Resources minister Madeleine King said gas "will remain an important source of energy" in Australia, outraging environmental groups which branded the Future Gas...
Trump pledged reversal of green policies to energy execs: report
May 09, 2024 (AFP)
The paper cited anonymous sources with knowledge of the meeting, which was said to have taken place last month at Trump's Mar-a-Lago club in Florida. Contacted ...
France probes TotalEnergies over 2021 Mozambique attack
May 04, 2024 (AFP)
The probe follows a legal complaint brought by victims' families and attack survivors, accusing the French energy company, which was developing a major liquefie...
Shell logs 'strong' quarter as earnings fall but top expectations
May 02, 2024 (AFP)
Adjusted earnings sank almost a fifth to $7.7 billion from a year earlier but this smashed market expectations of $6.5 billion, while cash flow from operating a...
UAE firm to resume output from Iraq gas complex hit by drone
May 01, 2024 (AFP)
The Khor Mor complex owned by a consortium of two United Arab Emirates energy firms has been hit several times in recent years. But last Friday's strike was the...
US lawmakers accuses oil giants of climate 'doublespeak'
Apr 30, 2024 (AFP)
The report accuses oil giants such as ExxonMobil and Chevron -- along with industry trade groups -- of a long-running campaign aimed at defending the industry's...
No more dirty diesel for Paris Olympic sites
Apr 30, 2024 (AFP)
Though little known to most sports fans, many stadiums around the world rely on diesel generators for the power that runs their lighting, broadcast facilities a...
UAE firm suspends work at Iraq gas complex after deadly strike
Apr 29, 2024 (AFP)
The Khor Mor complex owned by the United Arab Emirates firm has been hit several times in recent years, but Friday's attack was the first deadly incident. Four ...
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