OIL

10,863 articles

Italian ship inspects tanker which capsized off Tunisia
Apr 19, 2022 (AFP)
The Italian ship will inspect the Xelo, which foundered in the Gulf of Gabes on Saturday, and propose solutions to pump off its cargo of 750 tonnes of diesel fu...
Divers find 'no leaks' from fuel-laden ship sunk off Tunisia
Apr 17, 2022 (AFP)
The Equatorial Guinea-flagged Xelo, which sank Saturday in the Gulf of Gabes, has settled on its side at a depth of almost 20 metres (65 feet), the environment ...
1 dead, 6 injured in oil tanker explosion east of Hong Kong
Apr 16, 2022 (AFP)
The Hong Kong Government Flying Services said it was notified at around 4:05 pm (0805 GMT) that an oil tanker exploded in the waters 300 kilometres to the east ...
Fuel-laden ship sinks off Tunisia coast
Apr 16, 2022 (AFP)
The crew of the Xelo vessel had issued a distress call on Friday evening and sought shelter in Tunisian waters from bad weather before going down in the Gulf of...
Washington resumes oil and gas drilling leases on federal land
Apr 15, 2022 (AFP)
Shortly after coming to office in January 2021, President Joe Biden, who has made fighting climate change one of his priorities during his campaign, had proclai...
Iraqis queue for fuel as stations protest government
Apr 14, 2022 (AFP)
Some government-run fuel stations have been ordered to operate around the clock to meet demand, the official news agency INA reported. Dozens of vehicles were l...
US-led task force to patrol Red Sea off war-torn Yemen
Apr 13, 2022 (AFP)
The Combined Task Force, involving 34 countries, will cover the Red Sea -- a major shipping lane that has witnessed a series of Huthi rebel attacks -- and the G...
Ecuador expands oil extraction from Amazon reserve
Apr 13, 2022 (AFP)
Extraction of 3,600 barrels per day started in the Ishpingo oil field which together with the nearby fields of Tiputini and Tambococha form the so-called ITT bl...
LNG ships worse for climate: NGO
Apr 13, 2022 (AFP)
Cargo ships use a particularly dirty type of fuel but the shipping industry has sought to shift to cleaner-burning LNG. However, Transport & Environment said th...
IEA lowers world oil demand outlook on China lockdowns
Apr 13, 2022 (AFP)
Russian oil supply, meanwhile, is expected to continue to fall in April by 1.5 million barrels per day amid its invasion of Ukraine, according to the IEA, which...
From Denmark to Portugal, Europe ups effort to quit Russian gas
Apr 12, 2022 (AFP)
From plans for liquefied natural gas terminals in northern Germany, Finland and France to potential new routes through Spain and the Mediterranean, Europe is st...
As EU eyes stopping Russian gas imports, Israel sees an opening
Apr 12, 2022 (AFP)
EU states remain divided on the time scale, but European Commission President Ursula von der Leyen has said the bloc hopes to phase out its dependency on Russia...
North Sea oil project wins Israeli takeover boost
Apr 08, 2022 (AFP)
Ithaca Energy, owned by Tel Aviv-listed Delek Group, announced late Thursday a deal to buy Siccar Point Energy for an initial $1.1 billion (1.0 billion euros). ...
Top Mexico court hands president energy reform win
Apr 08, 2022 (AFP)
The top court deemed a key part of legislation approved by Congress in 2021 aimed at strengthening the state-owned Federal Electricity Commission (CFE), to the ...
UK denies climate retreat despite rethink on fossil fuels
Apr 07, 2022 (AFP)
After weeks of cabinet infighting, the government finally released its strategy as Britons struggle with soaring energy prices following Russia's invasion of Uk...
China is gunning for supremacy in the global green hydrogen race
Apr 07, 2022 (The Conversation)
The IPCC says limiting global warming will require, among other measures, a substantial reduction in fossil fuel use and deploying alternative fuels such as hyd...
Ukraine war, energy crisis force UK into fossil fuels rethink
Apr 06, 2022 (AFP)
Prime Minister Boris Johnson's government will on Thursday release a much-delayed energy strategy that will call for more renewable power from nuclear, offshore...
Three rockets land near oil refinery in northern Iraq
Apr 06, 2022 (AFP)
The rockets fell near the Kawergosk refinery, one of the largest in the oil-rich area, located about 20 kilometres (12 miles) northwest of regional capital Arbi...
Canada approves controversial Bay du Nord offshore oil project
Apr 06, 2022 (AFP)
In a statement, Steven Guilbeault said Norwegian firm Equinor's proposed development of oil discoveries in the Flemish Pass Basin, some 500 kilometers (310 mile...
World's fossil fuel assets risk evaporating in climate fight
Apr 05, 2022 (AFP)
The warning was issued in a 3,000-page report by UN experts who said fossil fuel assets must be retired and replaced with clean energy faster to mitigate financ...
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