OIL

10,863 articles

Indian navy bolsters Arabian Sea forces after attacks
Dec 26, 2023 (AFP)
Three guided-missile destroyers as well as P8I long-range maritime reconnaissance aircraft were being deployed following "the recent spate of attacks in the Ara...
Iran rejects US claims on Tehran targeting tanker off India
Dec 25, 2023 (AFP)
Saturday's targeting of a Japanese-owned chemical tanker came amid a flurry of drone and missile attacks by Yemen's Iran-backed Huthi rebels in the Red Sea in s...
Tanker ship off India hit by attack drone 'fired from Iran': Pentagon
Dec 24, 2023 (AFP)
It was the first time the Pentagon has openly accused Iran of directly targeting ships since the start of Israel's war on the militant group Hamas, which is bac...
UK to divert warship to Guyana as tensions flare with Venezuela
Dec 24, 2023 (AFP)
The British patrol vessel, HMS Trent, will arrive in the region later this month to conduct "engagements", the UK's Ministry of Defence (MoD) said. It follows e...
BASF transfers oil and gas operations to UK's Harbour
Dec 21, 2023 (AFP)
BASF and the LetterOne investment fund, co-owners of energy firm Wintershall Dea, will share $2.15 billion in cash and new shares issued by Harbour amounting to...
Italy and UK to naval vessels to Red Sea after Huthi attacks
Dec 19, 2023 (AFP)
The Virgilio Fasan will head towards the region in the "next few hours", it said in a statement. The United States on Monday announced a 10-nation coalition to ...
U.S. officials stress Houthi threats to commercial shipping will be stopped
Dec 19, 2023 (UPI)
Speaking at a Tuesday afternoon press briefing at the White House, national security adviser John Kirby said Operation Prosperity Guardian is underway as ships ...
China's first deep-sea drilling vessel to make trial voyage
Dec 18, 2023 (AFP)
"Mengxiang", which means "dream", is the world's most advanced ship of its kind, state broadcaster CCTV said, with a drilling capacity of 11,000 metres (36,000 ...
UK government to face lawsuit over new oil field
Dec 18, 2023 (AFP)
Uplift and Greenpeace said in a joint statement they were mounting separate legal challenges to prevent development of the Rosebank field in the North Sea off t...
Yemen rebels attack Red Sea tankers as shipping firms suspend traffic
Dec 18, 2023 (AFP)
The attacks on the Norwegian-owned Swan Atlantic and another ship identified by the Huthis as the MSC Clara are the latest in a flurry of maritime incidents tha...
Innovative ruthenium-based technology boosts green hydrogen production efficiency
Dec 18, 2023 (SPX)
The urgency to shift from fossil fuel-based energy sources is more pressing than ever. In this context, hydrogen emerges as a sustainable energy vector. However...
'It's finished!': IEA boss says COP28 bid farewell to fossil fuels
Dec 15, 2023 (AFP)
Birol welcomed the landmark agreement struck at the negotiations in the oil-rich United Arab Emirates, under which nearly 200 countries agreed that the world sh...
Credit Agricole to stop financing fossil fuel projects
Dec 14, 2023 (AFP)
Nearly 200 nations meeting in Dubai on Wednesday approved a first-ever call for the world to transition away from fossil fuels, tackling the top culprit of clim...
Canada court gives green light to trial on climate inaction
Dec 14, 2023 (AFP)
The Federal Court of Appeal ruled that a trial must be held to determine whether the actions of Justin Trudeau's government violate the rights of the young plai...
Climate deal won't have immediate impact on Gulf oil
Dec 14, 2023 (AFP)
After the UN's COP28 climate talks in Dubai, Saudi Energy Minister Prince Abdulaziz bin Salman immediately played down the text, insisting it would have "no imp...
How COP's fossil fuel taboo was finally broken by the Emiratis
Dec 14, 2023 (AFP)
The seasoned international negotiator recalled a conversation with one minister who worried about a deal that would signal the end of fossil fuels. "One ministe...
Arab Group voices 'gratitude' after UN deal on fossil fuels
Dec 13, 2023 (AFP)
Saudi official Albara Tawfiq, speaking on behalf of the group, voiced "gratitude" for the COP28 talks. "On behalf of the Arab Group, I express our gratitude to ...
Fossil focus: key points of the Dubai climate deal
Dec 13, 2023 (AFP)
The landmark first for the UN process was laid out in a text designed to respond to the failure so far to meet the Paris deal's more ambitious -- and safer -- g...
OPEC sees oil demand reaching record in 2024
Dec 13, 2023 (AFP)
It said global oil demand should grow by 2.2 million barrels per day next year to an average of 104.36 mbd. "Oil demand is expected to be supported by resilient...
Russia warns against 'chaotic' fossil fuels exit
Dec 13, 2023 (AFP)
"We have at every opportunity stressed the consequences of a chaotic exit without the backing of science," Ruslan Edelgeriyev, Russian President Vladimir Putin'...
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