OIL - INDO DAILY

Dec 03, 2021 (AFP)

Shell, which has a 30-percent interest in the North Sea development, said late Thursday that the investment case was simply "not strong enough". The decision co...

Lhyfe and DORIS sign MOU for first floating wind turbine for integration with hydrogen production

Dec 01, 2021 (SPX)

In committing to work together under this agreement, DORIS and Lhyfe wish to combine their outstanding technical innovations and excellence in their respective ...

ExxonMobil aims to double profits on restrained spending

Dec 01, 2021 (AFP)

ExxonMobil said it would maintain a "disciplined" approach to overall spending, holding its annual capital budget to between $20 billion and $25 billion through...

Norway rules out 2022 oil licences in 'virgin areas'

Nov 29, 2021 (AFP)

The Scandinavian country's governing centre-left coalition supports continuing oil and gas activities but does not have a parliamentary majority, making it reli...

Senegal president fears 'fatal blow' to dreams of gas wealth

Nov 29, 2021 (AFP)

"Just as several African countries are preparing to exploit their significant gas resources, stopping financing for the gas sector on the pretext that gas is a ...

Biden dives into US oil reserves to reassure Americans on inflation

Nov 24, 2021 (AFP)

Facing growing discontent around the country over inflation and especially the soaring price of fuel in filling stations, Biden on Tuesday announced a coordinat...

Diesel worth $2 mn stolen from US base in Romania

Nov 24, 2021 (AFP)

"Several people set up a criminal group in 2017 with the aim of stealing liquid fuel belonging to the American government," the office of Romania's anti-mafia p...

Australian energy firm sparks outrage with new gas project

Nov 23, 2021 (AFP)

Woodside Petroleum -- fast becoming a major energy market player -- on Monday finalised plans to sink US$12 billion into developing the remote Scarborough gas f...

Austin says US unwavering in 'strong' Mideast security commitment

Nov 20, 2021 (AFP)

Defense Secretary Lloyd Austin told the Manama Dialogue in Bahrain's capital that all options would be open if diplomacy fails to halt Iran's nuclear programme,...

New technique improves conversion of carbon dioxide into liquid fuels

Nov 18, 2021 (SPX)

Now, as reported in the journal Nature Energy, researchers at Lawrence Berkeley National Laboratory (Berkeley Lab) have improved the process's selectivity by de...

Market forces halved methane emissions from Uinta Basin oil and gas wells

Nov 18, 2021 (SPX)

Answers are starting to come from Utah's Uinta Basin, home to possibly the longest continuous methane monitoring site in an oil and gas-producing region. Since ...

Methane from carbon dioxide

Nov 18, 2021 (SPX)

The team led by Luis Garzon-Tovar and Jorge Gascon at King Abdullah University of Science and Technology (Thuwal, Saudi Arabia) was looking for an efficient, ec...

Gas prices soar as Germany halts Nord Stream 2 approval

Nov 16, 2021 (AFP)

The regulator said the Swiss-based "Nord Stream 2 AG" operating company first needed to become compliant with German law before it could be certified, potential...

Dutch gas field hit by one of strongest quakes yet

Nov 16, 2021 (AFP)

The 3.2-magnitude quake struck near the village of Garrelsweer, close to the Groningen field in the north of the country, the KNMI Dutch meteorological institut...

Activists fear gas study threatens S.Africa's Wild Coast

Nov 16, 2021 (AFP)

The Anglo-Dutch firm recently announced plans to start exploration over an area spanning more than 6,000 square kilometres in the Indian ocean. The exploration ...

EU climate agreement targets methane emissions, aims to restrict oil, gas imports

Nov 15, 2021 (UPI)

The European Parliament and the European Council, which collectively serve as the primary governing bodies of the 27-nation bloc, reached consensus on Europe's ...

UAE says world still needs to invest billions in oil and gas

Nov 15, 2021 (AFP)

Nearly 200 countries at the COP26 summit pledged Saturday to speed up the fight against rising temperatures, after two weeks of negotiations. But they failed to...

Oil-exporter UAE accepts future is not oil: US delegation

Nov 12, 2021 (AFP)

The UAE's leaders "recognise that their future is not going to be in oil", Senator Ben Cardin said at the end of a trip that also included the COP26 climate sum...

Governments risk 'trillions' in fossil fuel climate litigation

Nov 12, 2021 (AFP)

Energy experts predict that more ambitious climate action from world leaders will significantly increase companies' use of a tribunal mechanism that has already...

Fossil fuels and finance take centre stage in COP26 final day

Nov 12, 2021 (AFP)

Delegates from nearly 200 nations are wrangling over a final agreement to the summit, which aims to keep the goal of limiting temperatures to 1.5 degrees Celsiu...