OIL

10,863 articles

UAE's ADNOC awards $3.6 bn contract to expand gas infrastructure
Aug 09, 2023 (AFP)
The contract was awarded to a joint venture between the UAE's National Petroleum Construction Company (NPCC) and Tecnicas Reunidas, a Spanish general contractor...
Thousands of Marines, additional U.S. warships arrive in Middle East
Aug 08, 2023 (UPI)
The more than 3,000 U.S. sailors and Marines arrived in the Middle East on Sunday aboard the amphibious assault ship USS Bataan and dock landing ship USS Carter...
U.S. gas prices stable at $3.83 per gallon and demand remains resilient
Aug 07, 2023 (UPI)
Travel club AAA put the national average retail price for a gallon of regular unleaded gasoline at $3.83 for Monday, unchanged from Friday's levels but 30 cents...
Thousands of US sailors, Marines reach Red Sea after Iran tensions
Aug 07, 2023 (AFP)
The deployment adds to a growing US military buildup in tense Gulf waterways vital to the global oil trade and led Tehran on Monday to accuse the US of inflamin...
Canada provides new loan guarantees for disputed pipeline
Aug 05, 2023 (AFP)
The government nationalized the project, running from Alberta province to the Pacific coast, in 2018. The new loan guarantees -- totaling up to Can$3 billion ($...
Ecuador jungle community hopes vote will end oil drilling
Aug 04, 2023 (AFP)
"The jungle is my home, and I don't want strangers in my territory," the Waorani hunter tells AFP in the southeastern village of Bameno, in a region bordering P...
US aims to deploy troops on tankers to deter seizures by Iran
Aug 03, 2023 (AFP)
The security forces would provide a further layer of protection for the tankers in addition to the warships and planes operating in the strategically vital area...
U.S. claims success with sanctions on Russian oil
Aug 03, 2023 (UPI)
Western nations in December imposed a $60 price cap on Russian oil for waterborne exports. The move was designed to punish Russia for its war in Ukraine, and an...
Oil reaches Mexico beaches after alleged leak: authorities
Aug 02, 2023 (AFP)
The oil "will of course have a serious environmental impact," Alejandro Brown Gantus, deputy public prosecutor for environmental crimes in the southeastern stat...
Most oil removed from decaying tanker off Yemen: UN
Aug 02, 2023 (AFP)
The transfer of 1.14 million barrels of Marib light crude from the 47-year-old FSO Safer to the new vessel started last week. "More than half the oil aboard the...
Berlin hails 'progress' in EU talks on hydrogen plants
Aug 01, 2023 (AFP)
Berlin, which aims to source the country's electricity almost entirely from renewable energy by 2035, sees hydrogen playing a key role in the shift away from fo...
Iraq says in touch with US over paying for Iranian gas
Aug 01, 2023 (AFP)
Iranian gas is crucial for Iraq's electricity generation, but US sanctions on Iranian oil and gas impose restrictions on how Baghdad can pay for its imports. Ir...
BP profit slumps on falling energy prices
Aug 01, 2023 (AFP)
Profit after tax plunged to $1.8 billion in the three months to the end of June compared with $9.3 billion in the second quarter last year, BP said in a stateme...
Revolutionizing proton acceleration: HZDR's frozen hydrogen innovation
Aug 01, 2023 (SPX)
Traditional proton accelerators, like the Large Hadron Collider at CERN, rely on strong radio frequency waves to increase particle speed. But the method used at...
Rystad Energy: Big spending on oil and gas exploration has yet to pay off
Aug 01, 2023 (UPI)
Rystad found that the six global energy majors -- BP, Chevron, Eni, Shell and TotalEnergies -- committed to around $7 billion to exploration this year, some 10%...
NASA Armstrong sensor technology helping turn oxygen into fuel
Aug 01, 2023 (SPX)
Future astronauts would be able to top off their fuel after landing on the Moon, just like stopping for gas on a family vacation road trip. This would allow fut...
UAE oil giant pledges to 'accelerate' zero-carbon plan
Jul 31, 2023 (AFP)
The Abu Dhabi National Oil Company "is accelerating its decarbonisation plan to advance its net-zero ambition to 2045, compared to its previous target of 2050,"...
UK to issue 'hundreds' of new oil, gas licences in North Sea
Jul 31, 2023 (AFP)
The announcement angered environmental groups and comes amid an internal debate within the ruling Conservative party on green policies. The main opposition Labo...
Iraq and Kuwait seek to solve contested border issue
Jul 30, 2023 (AFP)
The de facto land and maritime borders between the neighbouring states were established by the United Nations in 1993, three years after Iraq under Saddam Husse...
Sunak backs plans for new UK oil and gas exploration
Jul 30, 2023 (AFP)
His government is expected to approve the development of Rosebank, near Scotland's Shetland Isles -- believed to be the UK's largest undeveloped oil and gas fie...
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