OIL

10,863 articles

Sunak backs new UK oil and gas exploration
Jul 29, 2023 (AFP)
The stance is set to intensify criticism from environmental campaigners, who accuse the British leader of backtracking on green policies to pander to voter unea...
Nigeria's end to petrol subsidies hits Niger black market
Jul 27, 2023 (AFP)
The reason? Neighbouring Nigeria has scrapped its subsidies for petrol -- a move that tripled domestic prices and ended the fat profits that smugglers could mak...
Oil, gas majors post sliding profits on weaker prices
Jul 27, 2023 (AFP)
Energy prices had soared a year ago following the key producer's invasion, sending global inflation to the highest levels in decades and providing record profit...
Supreme Court clears path for construction of Mountain Valley Pipeline
Jul 27, 2023 (UPI)
The court in a brief, one-paragraph order suspended claims filed by environmental groups in the U.S. Court of Appeals for the 4th Circuit, located in Virginia, ...
British court spares Shell in climate case
Jul 25, 2023 (AFP)
Corporations have faced a growing number of climate-related lawsuits in recent years as they come under pressure to step up efforts to curb global warming. Shel...
UN begins pumping oil from decaying tanker off Yemen
Jul 25, 2023 (AFP)
"The United Nations has begun an operation to defuse what might be the world's largest ticking time bomb," UN Secretary-General Antonio Guterres said in a state...
TotalEnergies drills first oil wells for huge Uganda project
Jul 25, 2023 (AFP)
The French oil major and the China National Offshore Oil Corporation (CNOOC) signed a $10-billion agreement last year to develop Ugandan oilfields and ship the ...
France blames Russia for G20 failure on fossil fuels
Jul 23, 2023 (AFP)
A final statement after the meeting on Saturday, does not even mention coal,, a major contributor to global warming. Explaining the stalemate, G20 president Ind...
China told to stop tankers in its waters reaching N. Korea
Jul 22, 2023 (AFP)
"We have concerns regarding the continuing presence of multiple oil tankers... that use your territorial waters in Sansha Bay as refuge to facilitate their trad...
G20 energy ministers fail to agree on fossil fuels roadmap
Jul 22, 2023 (AFP)
A final statement after the meeting did not even mention coal, a major contributor to global warming. The dirty fuel is also a key energy source for many develo...
New catalyst could dramatically cut methane pollution from millions of engines
Jul 21, 2023 (SPX)
While more research needs to be done, they said, the advance in single atom catalysis has the potential to lower exhaust emissions of methane, one of the worst ...
Device makes hydrogen from sunlight with record efficiency
Jul 21, 2023 (SPX)
The new technology is a significant step forward for clean energy and could serve as a platform for a wide range of chemical reactions that use solar-harvested ...
Saudi Aramco locks up stake in China petrochemicals firm
Jul 21, 2023 (AFP)
The Saudi energy giant unveiled plans in March to acquire the stake in Rongsheng Petrochemical, valued at $3.4 billion. The deal calls for the supply of 480,000...
Big risks in oil transfer from rusting Yemen tanker: Greenpeace
Jul 20, 2023 (AFP)
On Sunday, the UN-owned Nautica arrived off war-torn Yemen to take on 1.14 million barrels of crude oil from the decaying FSO Safer, a rusting 47-year-old vesse...
COP host UAE emissions plan 'insufficient': analysis
Jul 20, 2023 (AFP)
The UAE, which will host the COP28 United Nations talks in November and December, released its updated climate plans last week, laying out a tougher target to r...
Putin launches major Arctic liquified natural gas project
Jul 20, 2023 (AFP)
Arctic LNG 2 is one of Russia's key projects in its drive to open a northern maritime route linking Asia and Europe, something made possible by global warming a...
More U.S. warships, Marines deployed to Middle East to counter Iran
Jul 20, 2023 (UPI)
The USS Bataan and the USS Carter Hall, along with their personnel and equipment, will be deployed to U.S. Central Command's Area of Responsibility where they w...
Spill of 1,200 barrels of crude blight Ecuadoran beach
Jul 20, 2023 (AFP)
The leak occurred on Wednesday and oil spread out four kilometers (2.5 miles) from the Balao terminal, reaching Las Palmas beach, Environment Minister Jose Anto...
Leaks, repairs, stress: how skeleton crew stopped Red Sea oil disaster
Jul 19, 2023 (AFP)
Working around the clock for days, he and the half dozen other people on board the FSO Safer fashioned makeshift iron strips to patch a burst pipe, before diver...
Safe train transport
Jul 19, 2023 (SPX)
More than 300 crude oil rail incidents have occurred in the U.S. over the past decade, causing adverse consequences from fire and hazardous materials leakage. H...
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