OIL

10,863 articles

IEA chief says China oil demand key factor in energy transition
Oct 24, 2023 (AFP)
Oil cartel OPEC has predicted that global demand for oil is unlikely to peak before 2045 but IEA chief Fatih Birol, speaking on the day the agency unveiled its ...
Environmentalists applaud as company pulls plug on 5-state pipeline project
Oct 23, 2023 (UPI)
The Texas-based company called the government processes involved in approving pipeline projects "unpredictable" in a statement announcing it was pulling the plu...
Sweden battles oil spill after ferry runs aground
Oct 23, 2023 (AFP)
"We know that the spill currently stretches over five kilometres (three miles) out at sea," Erik Svensson, who was coordinating the clean-up operation, said in ...
Finland suspects Chinese ship linked to gas pipe damage
Oct 20, 2023 (AFP)
After a leak led to the shutdown of the Balticconnector pipeline on October 8, Finnish authorities have been investigating the damage which they say was caused ...
Green groups lose UK lawsuit over fossil fuel exploration
Oct 19, 2023 (AFP)
The High Court in London ruled against Greenpeace and Uplift, who argued that the licencing round had not taken into account the greenhouse gas emissions from b...
Putin praises 'unprecedented' energy ties with China
Oct 19, 2023 (AFP)
Russia has been hit by massive Western sanctions over its Ukraine offensive, and with Europe trying to sever its energy links with Moscow, the Kremlin has looke...
U.S. eases sanctions on Venezuela after election deal reached with opposition
Oct 18, 2023 (UPI)
The removal sanctions was highly anticipated, though not without criticism as some had hoped for more concrete commitments from the government of Venezuela's au...
EU to seek virtual elimination of fossil fuels at COP28
Oct 17, 2023 (AFP)
At the COP28 UN climate talks in November, the bloc will also call for eliminating "as soon as possible" subsidies for fossil fuels which do not serve to combat...
MIT design would harness 40 percent of the sun's heat to produce clean hydrogen fuel
Oct 17, 2023 (SPX)
In a study appearing in Solar Energy Journal, the engineers lay out the conceptual design for a system that can efficiently produce "solar thermochemical hydrog...
New catalyst could provide liquid hydrogen fuel of the future
Oct 16, 2023 (SPX)
In two research articles, Lund researchers have demonstrated that the method works, and while it is still basic research, it has the potential to become an effi...
ExxonMobil to buy Texas shale producer Pioneer for about $60 bn
Oct 11, 2023 (AFP)
The US oil giant said the takeover, the company's biggest since the late 1990s acquisition of Mobil by Exxon, will enable greater economies of scale in the Perm...
NATO vows 'determined response' if Baltic pipeline sabotage confirmed
Oct 11, 2023 (AFP)
Finnish President Sauli Niinisto said on Tuesday a leak leading to the shutdown of a natural gas pipeline this weekend was probably caused by "external" activit...
'Immediate' cuts to methane from fossil fuel needed: IEA
Oct 11, 2023 (AFP)
Methane is far less abundant in the atmosphere than carbon dioxide, but is responsible for around 30 percent of the global rise in temperatures to date. It ling...
The world's first methanol-powered container ship moored at the Port of Gothenburg
Oct 11, 2023 (SPX)
"This ship is a significant milestone for the maritime industry's green transition, but it is just the beginning. We will see another nearly 200 methanol-powere...
Dutch protests scrapped after fossil fuel vote
Oct 10, 2023 (AFP)
"Civil disobedience works," the group said in a statement following 27 consecutive days of blocking the A12, a major artery into The Hague, resulting in regular...
Finland blames 'external activity' after undersea natural gas pipeline breached
Oct 10, 2023 (UPI)
A communications cable linking Finland and Estonia also was breached. The Finnish government said that authorities discovered the damage to the Baltic connector...
World Bank chief defends its natural gas investments
Oct 10, 2023 (AFP)
Reforming the World Bank and the IMF to better address climate change and other global challenges is at the top of the agenda as the sister institutions hold th...
First wind turbines reach Saudi green hydrogen plant: CEO
Oct 10, 2023 (AFP)
"This week, we have our first delivery of wind turbines. They actually arrived in the port of NEOM, and they'll be delivered up to site towards the end of this ...
Oil prices soar after Hamas attack on Israel
Oct 09, 2023 (AFP)
Brent jumped 4.7 percent to $86.65 and West Texas Intermediate was up 4.5 percent at $88.39 in early Asian business. The surprise attack and Israel's declaratio...
OPEC sees no peak in global oil demand on the horizon
Oct 09, 2023 (AFP)
In its 2023 annual report, the Organization of the Petroleum Exporting Countries forecasts demand for crude to reach 116 million barrels per day (mbd) by 2045 u...
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