OIL

10,863 articles

Energy firms to test CO2 capture in Brazil undersea oil field
Jan 08, 2024 (AFP)
The pilot unit will separate oil from CO2-rich natural gas at the bottom of the ocean and reinject the gas directly into the reservoir, the French oil major sai...
Azerbaijan names ex-oil executive to head climate talks
Jan 05, 2024 (AFP)
Mukhtar Babayev, currently minister for ecology and natural resources and formerly an executive at state oil company SOCAR, "has been named president-designate ...
Conservative MP to quit over UK's oil and gas plans
Jan 05, 2024 (AFP)
In an embarrassing setback for embattled Prime Minister Rishi Sunak, MP Chris Skidmore also said he will quit the Conservative parliamentary party. He explained...
APA to acquire Callon Petroleum in $4.5 bn deal
Jan 04, 2024 (AFP)
APA will acquire Callon in an all-stock deal, where each share of Callon is exchanged for 1.0425 shares of APA stock, worth $38.31. This is nearly a 14 percent ...
U.S. calls on Security Council to act on Houthi attacks in Red Sea
Jan 04, 2024 (UPI)
U.S. deputy ambassador to the U.N. Chris Lu told the council Thursday during its first open meeting on the attacks that it is "vital" the 15-member body speak w...
TotalEnergies to review land buyouts in contested Africa projects
Jan 04, 2024 (AFP)
TotalEnergies is pushing ahead with its Tilenga drilling project in Uganda and the 1,443-kilometre (897-mile) East African Crude Oil Pipeline (EACOP) to transpo...
A dozen nations join U.S. in condemning Houthi attacks
Jan 03, 2024 (UPI)
The White House issued a joint statement Wednesday that included the UK, Japan and Australia as signatories, calling the attacks "illegal, unacceptable and prof...
Huthi rebels fire on commercial ships in Red Sea: US military
Jan 03, 2024 (AFP)
United Kingdom Maritime Trade Operations had initially reported explosions near a cargo ship sailing between the coasts of Eritrea and Yemen. "Master reports no...
Iran dispatches warship to Red Sea after U.S. sinks Houthi small boats
Jan 01, 2024 (UPI)
Iranian state media reported that the Alborz destroyer moved through the Bab El-Mandeb strait, between the Red Sea and the Gulf of Aden, on Monday. The strait i...
Navy helicopters sink three Houthi rebel boats in self defense
Dec 31, 2023 (UPI)
Helicopters from the USS Dwight D. Eisenhower and the destroyer USS Gravely fired in self-defense after being shot at by Houthi militants aboard three small boa...
Venezuela mobilizes 5,600 troops after Britain sends warship to Guyana amid territorial dispute
Dec 31, 2023 (UPI)
The dispatch of the vessel was seen as a signal of support for the former British colony, prompting the Venezuelan ruler to put his military on high alert "in r...
UK says Venezuelan military exercise near Guyana border 'unjustified'
Dec 29, 2023 (AFP)
"Venezuela's actions against Guyana are unjustified and should cease," a UK government spokesperson said. Venezuela's President Nicolas Maduro on Thursday said ...
British warship in Guyana waters, fanning tensions with Venezuela
Dec 29, 2023 (AFP)
Venezuela and Guyana have been locked in a land dispute over the oil-rich Essequibo region which makes up about two-thirds of Guyana's territory, but has long b...
U.S. Treasury targets network financing Houthi attacks
Dec 29, 2023 (UPI)
The Department of the Treasury's Office of Foreign Assets Control on Thursday designated one person and three entities responsible for facilitating financial ai...
Venezuela launches military exercise over British warship 'threat'
Dec 29, 2023 (AFP)
Maduro said he was launching "a joint action of a defensive nature in response to the provocation and threat of the United Kingdom against peace and the soverei...
Venezuela oil giant says 80 percent of oil spill cleaned up
Dec 29, 2023 (AFP)
Wednesday's spill at the El Palito facility in the northwestern state of Carabobo occurred when heavy rainfall caused fluids to overflow from lagoons at the sit...
Norway fund divests Gulf state assets over human rights, climate
Dec 28, 2023 (AFP)
KLP -- which manages over 700 billion kroner ($70 billion) -- said the companies were active within the telecommunications and real estate sectors, except for e...
Norway fund drops Saudi Aramco, 11 other Gulf firms
Dec 28, 2023 (AFP)
KLP, which manages over 700 billion kroner ($70 billion), said the exclusion amounted to $15 million. The fund dropped 11 companies in the telecommunications an...
Russia says redirected most oil exports to China, India
Dec 27, 2023 (AFP)
After President Vladimir Putin sent troops to Ukraine in February 2022, Western countries hit Russia with a slew of sanctions including a European Union embargo...
US says it downs many drones, missiles fired by Huthis over Red Sea
Dec 26, 2023 (AFP)
"There was no damage to ships in the area or reported injuries," the Pentagon's Central Command said in a social media post, describing a barrage of 12 drones, ...
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