OIL

10,863 articles

US finalizes waste methane fine on drillers, but future uncertain
Nov 12, 2024 (AFP)
The Environmental Protection Agency's announcement coincides with the COP29 climate talks in Azerbaijan, where the United States' position has been weakened by ...
Court challenge begins against UK oil and gas field approvals
Nov 12, 2024 (AFP)
Campaign groups Uplift and Greenpeace have brought judicial reviews at the Court of Session in Edinburgh, arguing that the government illegally granted operator...
Environment groups lose appeal in Shell climate case in the Netherlands
Nov 12, 2024 (AFP)
The Appeals Court ruling, which shocked environmental groups including Milieudefensie who steered the case, reverses a landmark decision three years ago. Back t...
Leaders urge climate action - and defend fossil fuels - at COP29
Nov 12, 2024 (AFP)
More than 75 leaders are expected to speak over two days in Baku, but the heads of many top polluting nations are giving the crunch UN climate talks in the Azer...
Oil, gas 'gift of God', Azerbaijan president repeats at COP29
Nov 12, 2024 (AFP)
In a robust defence of his country against what he termed "fake news" and a "well-coordinated campaign of slander and blackmail," Ilham Aliyev said nations shou...
US warplanes attack Iran-backed Huthi targets in Yemen: Pentagon
Nov 10, 2024 (AFP)
The facilities contained various weapons used to target military and civilian vessels navigating international waters throughout the Red Sea and Gulf of Aden, a...
Harnessing oil and gas windfall profits for climate funding
Nov 09, 2024 (SPX)
Industrialized nations previously committed to providing $100 billion annually from 2020 to 2025 for climate mitigation and adaptation. However, these commitmen...
Researchers advance hydrogen jet engine design for sustainable aviation
Nov 09, 2024 (SPX)
"Hydrogen burns much faster than kerosene, resulting in more compact flames," said Nicolas Noiray, Professor of Mechanical and Process Engineering at ETH Zurich...
U.S. secures 200 million barrels of oil for strategic reserve
Nov 08, 2024 (UPI)
The last purchase of 2.4 million barrels will arrive in the spring, putting 20 million more than the 180 barrels sold in 2022 back into the Strategic Petroleum ...
LNG's climate credentials a complicated issue
Nov 08, 2024 (AFP)
- Why is LNG so popular? - Global demand for natural gas is expected to rise by 2.5 percent in 2024 to a record level, mostly driven by LNG. European nations ha...
Venezuela signs defense, energy deals with Russia; Greek tanker crippled by Huthi rebels starts oil transfer
Nov 08, 2024 (AFP)
Russian Deputy Prime Minister Dmitry Chernyshenko told Venezuelan Vice President Delcy Rodriguez that his country stood ready to support Venezuela's armed force...
Iraq inaugurates docks for major new Gulf port
Nov 07, 2024 (AFP)
Grand Faw Port on Al-Faw Peninsula is intended to provide a new freight link between Asia and Europe via upgraded rail and road infrastructure through Iraq and ...
Time running out for Canada to meet climate target: audit
Nov 07, 2024 (AFP)
"The stakes grow ever higher each year, and the window of opportunity to reduce emissions and meet Canada's 2030 target is rapidly closing," Environment Commiss...
Greek tanker crippled by Huthi rebels starts oil transfer
Nov 07, 2024 (AFP)
The Sounion caught fire and lost power after being attacked on August 21 off the coast of Hodeida, a rebel-held port city. The following day its 25-strong crew ...
'Drill, baby, drill': Trump policy poses risks, opportunities for oil industry
Nov 06, 2024 (AFP)
On the campaign trail, Trump repeatedly said he would "unleash" the US oil sector by boosting production and curbing the move towards renewable energy pushed by...
Iraq Kurds hope to resume oil exports after Baghdad offers higher cost payments
Nov 06, 2024 (AFP)
The region's oil exports have been at a standstill since March 2023 when the arbitration tribunal of the International Chamber of Commerce in Paris ruled oil ex...
Azerbaijan: a country steeped in hydrocarbons
Nov 05, 2024 (AFP)
- An ancient history - The name Azerbaijan comes from the Persian "azer", or "sacred fire", from the temples of the ancient religion of Zoroastrianism, which we...
Azerbaijan says 'God-given' oil and gas will help it go green
Nov 05, 2024 (AFP)
The "burning mountain" -- Yanardag in Azerbaijani -- is fed by underground gas rising to the surface and igniting upon contact with oxygen. The abundance of nat...
Iran, Azerbaijan hold joint drills in Caspian Sea
Nov 04, 2024 (AFP)
"The combined aid and rescue exercise in the Caspian Sea between the countries of the Islamic Republic of Iran and Azerbaijan, hosted by the Iranian Navy, is be...
Fake X accounts promote COP hosts UAE, Azerbaijan
Nov 04, 2024 (AFP)
Analysed by AFP over several days, the large-scale operation, powered by artificial intelligence, points to a sophisticated, coordinated influence campaign not ...
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