OIL

10,863 articles

Europe's gas demand at 10-year low, to peak in 2025: report
Feb 21, 2024 (AFP)
The February 2022 invasion of Ukraine by Russia triggered a massive shift by European nations away from Russian natural gas delivered by pipelines, with prices ...
Climate change trial against Italian energy giant Eni opens
Feb 16, 2024 (AFP)
Greenpeace Italy and fellow campaigners ReCommon filed the suit along with 12 citizens from areas of Italy severely affected by extreme weather events. The grou...
Norway oil industry set for record investments in 2025
Feb 15, 2024 (AFP)
The data, based on surveys of companies, comes two months after the international community agreed at the UN climate talks in Dubai to transition away from foss...
Two vessels involved in Trinidad oil spill
Feb 14, 2024 (AFP)
Authorities had been scrambling to figure out what happened after a mystery vessel -- now understood to be the barge -- capsized on February 7, after having mad...
Philippines to file charges against sunken oil tanker owners
Feb 14, 2024 (AFP)
More than half of the vessel's 800,000-litre (211,000-gallon) oil cargo spilled into the sea over hundreds of kilometres off Mindoro island, famed for having so...
World demand for liquefied natural gas jumps 50% by 2040: Shell
Feb 14, 2024 (AFP)
"Demand for natural gas has already peaked in some regions but continues to rise globally, with LNG demand expected to reach around 625-685 million tonnes a yea...
COP hosts UAE, Azerbaijan, Brazil announce climate 'troika'
Feb 13, 2024 (AFP)
The UAE hosted last year's COP28 conference in Dubai, while Azerbaijan will host this year's summit followed by Brazil in 2025. The three countries were mandate...
Energy transition spurred Saudi halt to oil expansion: official
Feb 12, 2024 (AFP)
Oil giant Aramco announced on January 30 that the energy ministry had ordered it to maintain production capacity at 12 million barrels per day, abandoning a tar...
Chile on green hydrogen investment hunt in Europe
Feb 12, 2024 (AFP)
Marcos Kulka, CEO of H2Chile, a hydrogen association of 102 public and private companies, travelled to Europe to outline his government's energy strategy amid r...
Vessel reports missile attack off Yemen's coast: security firms
Feb 12, 2024 (AFP)
Yemen's Huthi rebels, who have repeatedly targeted Red Sea shipping in recent months, said they had attacked a US ship with "suitable naval missiles", though it...
Gas booming for UN COP29 host Azerbaijan
Feb 12, 2024 (AFP)
The former Soviet republic of 10 million people brimming with hydrocarbons is on track to increase its gas production by 35 percent in the next 10 years, contra...
Guyana says concerned over Venezuelan military build-up near Essequibo
Feb 10, 2024 (AFP)
Venezuela has long claimed Essequibo -- which makes up about two-thirds of Guyana's territory -- but has amped up its rhetoric since its neighbor began issuing ...
Barclays bank to stop financing new oil, gas projects
Feb 09, 2024 (AFP)
As part of its updated climate strategy, the bank added it would scale back lending for existing fossil fuel projects as the sector faces intense pressure from ...
U.S. sanctions four entities, one ship for violating Russian oil price cap
Feb 09, 2024 (UPI)
The punitive measures were announced Thursday by the U.S. Treasury, which named United Arab Emirates-based companies Oil Tankers SCF Mgmt, Talassa Shipping and ...
Yemen rebels launch fresh Red Sea ship attacks
Feb 07, 2024 (AFP)
The launches came three days after US and UK forces launched a wave of air raids against the Iran-backed Huthis -- their third round of joint military action in...
Russia admits 'problems' with China payments
Feb 07, 2024 (AFP)
Beijing has become Moscow's crucial economic partner since the West hit Russia with an unprecedented package of sanctions for its military offensive in Ukraine....
Sweden discontinues investigation into Nord Stream gas pipeline explosion
Feb 07, 2024 (UPI)
On Wednesday, Mats Ljungqvist, the chief prosecutor in the Swedish case, issued a statement, recommending the probe be discontinued following a "systematic and ...
BP bags bumper 2023 profits, rewards investors
Feb 06, 2024 (AFP)
Net profit came in at $15.2 billion in 2023, following a loss the prior year linked to its exit from Russia following Moscow's invasion of Ukraine, it said in a...
'Vanity project': a climate summit in oil-rich Azerbaijan
Feb 05, 2024 (AFP)
But the tightly controlled energy-rich Caspian nation is seeking to change its reputation as a polluting authoritarian state. Baku has in recent years organised...
Study reveals major oil firms continue expanding fossil fuel extraction globally
Feb 05, 2024 (SPX)
Published in the Energy Research and Social Science journal, the study scrutinizes the socio-environmental conflicts associated with the extractivist industry, ...
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