OIL

10,863 articles

Blinken says China's brokering of Iran-Saudi accord 'good thing'
Mar 15, 2023 (AFP)
"From our perspective, anything that can help reduce tensions, avoid conflict and deter in any way dangerous and destabilising actions by Iran is a good thing,"...
Lawsuit filed in bid to halt Alaska oil drilling project
Mar 14, 2023 (AFP)
The Interior Department gave the green light on Monday to US energy giant ConocoPhillips to drill for oil at three sites in the federally owned National Petrole...
Switching to hydrogen fuel could prolong the methane problem
Mar 14, 2023 (SPX)
This is because hydrogen gas easily reacts in the atmosphere with the same molecule primarily responsible for breaking down methane, a potent greenhouse gas. If...
UAE's ADNOC Gas to start trading in $2.5bn IPO
Mar 13, 2023 (AFP)
Shares in ADNOC Gas, which only became operational at the start of this year, were heavily oversubscribed even after the offering was expanded from 4.0 to 5.0 p...
Biden administration approves controversial Alaska oil drilling project
Mar 13, 2023 (AFP)
The Interior Department gave the green light to US energy giant ConocoPhillips to drill for oil at three sites in the federally owned National Petroleum Reserve...
Iraq seeks fiscal stability with 3-year budget
Mar 13, 2023 (AFP)
The bill, sent to parliament for approval, will include financial aid to 600,000 families in a bid to "lower the poverty rate", Prime Minister Mohammed Shia al-...
UAE's ADNOC Gas shares surge 19% in $2.5bn IPO
Mar 13, 2023 (AFP)
ADNOC Gas, a subsidiary of state-owned energy giant Abu Dhabi National Oil Company (ADNOC), closed at 2.82 dirhams ($0.77) after opening at 2.37 and briefly hit...
US welcomes Iran-Saudi deal, but voices skepticism
Mar 10, 2023 (AFP)
White House National Security Council spokesman John Kirby said "we welcome" the diplomatic deal if, for example, it leads to peace in Yemen where the two regio...
UN makes 'major breakthrough' to prevent Yemen oil spill disaster
Mar 09, 2023 (AFP)
In an unusual step for a UN agency, the UN Development Program said it signed a contract to purchase a crude carrier from major tanker company Euronav that will...
US firm bids to stop contested DR Congo oil auction
Mar 09, 2023 (AFP)
In July, the Democratic Republic of Congo opened bidding for 27 oil blocks, arguing that exploiting its fossil resources was an economic imperative for the impo...
To drill or not to drill: Biden to make decision on Alaska oil project
Mar 09, 2023 (AFP)
With the decision imminent, environmentalists have ramped up pressure on the White House, urging Biden to live up to the climate change pledges he made during h...
Germany plans 2024 oil and gas boiler ban
Mar 09, 2023 (AFP)
The planned change in household heating was "urgent", Economy Minister Robert Habeck told reporters at a press conference. Germany had to "catch up in a short t...
Nord Stream sabotage 'not our activity': Ukraine defence minister
Mar 08, 2023 (AFP)
"This is not our activity," Defence Minister Oleksiy Reznikov told reporters in Stockholm ahead of a meeting with EU defence ministers, in response to a report ...
UAE's ADNOC Gas to raise $2.5bn in world-leading IPO
Mar 03, 2023 (AFP)
The ADNOC Gas offering was set at 2.37 dirhams ($0.65) per share, towards the top of its range, implying a market capitalisation of about $50 billion, the compa...
French court dismisses case against TotalEnergies E. Africa oil project
Feb 28, 2023 (AFP)
It was the first case of its kind in France, and activists had hoped it would set a legal precedent to halt projects deemed harmful to the environment and human...
Curse or blessing? In Uganda, oil project gets mixed reviews
Feb 27, 2023 (AFP)
Wide tarmac roads have replaced dirt tracks, a modern airstrip has been laid, and fancy hotels and shops have sprung up around the national wildlife park where ...
Kazakhstan backs China's Ukraine plan before Blinken visit
Feb 25, 2023 (AFP)
Kazakhstan's foreign ministry said it welcomed China's position "on the political settlement of the Ukraine crisis". In a statement, the ministry said the propo...
Kazakhstan proposes gas pipeline linking Russia, China
Feb 24, 2023 (AFP)
The pipeline could also supply regions in the expansive central Asian republic, which suffers from frequent power shortages despite its vast resources. "Kazakhs...
Canada oil-gas sector accused of thwarting climate efforts
Feb 23, 2023 (AFP)
An analysis of the nation's six largest oil companies -- which comprise 67.8 percent of the sector's market value -- as well as the industry's main association,...
Paris protest against TotalEnergies East Africa oil pipeline
Feb 22, 2023 (AFP)
About 30 young campaigners from the Stop Total collective demonstrated in front of the French offices of Japan's Sumitomo Mitsui Banking Corporation (SMBC) and ...
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