OIL

10,863 articles

COP29 hosts urge fossil fuel majors to donate to climate fund
Jul 19, 2024 (AFP)
The proposal, announced in Baku by the hosts of November's UN COP29 climate summit, attracted immediate criticism from activists who slammed it as "greenwashing...
Ivory Coast tilts economy from farming to natural resources
Jul 18, 2024 (AFP)
Over the last three years, the West African country -- traditionally focused on agriculture, in particular cocoa -- has leaned into a new role as an oil and gas...
Largest Recorded Methane Leak Detected in Kazakh Oil Well
Jul 18, 2024 (SPX)
Published in Environmental Science and Technology Letters and highlighted by Nature, the study uses satellite data from missions like TROPOMI, GHGSat, PRISMA, E...
Oil slick off Yemen after Huthi tanker attack: charity
Jul 17, 2024 (AFP)
Satellite imagery from the European Space Agency showed the slick on Tuesday near the location of the Huthi attack on the Chios Lion vessel, said CEOBS, a UK ch...
Climate change risk stirs oil market
Jul 17, 2024 (AFP)
Hurricane Beryl became the latest weather phenomenon to jangle market nerves, boosting crude prices as it passed through Texas earlier this month. Texas account...
India navy says nine crew rescued from capsized oil tanker off Oman
Jul 17, 2024 (AFP)
The Comorian-flagged MV Prestige Falcon overturned and sank in the Arabian Sea late on Monday night with 13 Indian and three Sri Lankan nationals aboard. Indian...
Western Balkans can skip gas in clean energy transition: report
Jul 16, 2024 (AFP)
The six Western Balkan nations -- Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia -- now produce electricity primarily from coal...
TotalEnergies Uganda oil project 'devastating': conservationist
Jul 12, 2024 (AFP)
Despite opposition from environmentalists and rights activists, the French energy giant is pushing ahead with its Tilenga drilling project in Uganda and a 1,443...
Oil demand growth slowing, China consumption dips: IEA
Jul 11, 2024 (AFP)
The Paris-based body that advises industrial nations on energy policy said oil demand increased by just 710,000 barrels per day in the second quarter, the slowe...
US unveils penalty against Marathon Oil on clean air violations
Jul 11, 2024 (AFP)
In a civil case, the Department of Justice (DOJ) and Environmental Protection Agency accused the Texas company of flouting environmental laws at dozens of sites...
Shell, Total, BP take stakes in UAE gas project
Jul 10, 2024 (AFP)
Japanese trading company Mitsui & Co. will also acquire 10 percent of the Ruwais LNG plant, scheduled to come online in 2028, the Abu Dhabi National Oil Company...
Germany blocks sale of gas turbine firm to China company
Jul 03, 2024 (AFP)
Volkswagen's MAN Energy Solutions had been due to sell the unit to Chinese group GHGT and its subsidiary Guanghan Gas Turbine, but Chancellor Olaf Scholz's "cab...
Biden administration announces sale of 1M barrels of gasoline ahead of July 4 travel
Jul 02, 2024 (UPI)
The Energy Department's Office of Petroleum Reserves said contracts have been awarded for the sale and liquidation of 1 million barrels, or 42 million gallons, ...
US targets petrol tankers over Iran nuclear 'escalation'
Jun 27, 2024 (AFP)
"Over the past month, Iran has announced steps to further expand its nuclear program in ways that have no credible peaceful purpose," Secretary of State Antony ...
Protesters target Chinese embassies over E. Africa oil project
Jun 26, 2024 (AFP)
Activists said Chinese banks and insurers are financiers of "last resort" for TotalEnergies, which has struggled to secure the loans it needs to build the pipel...
DLR opens new research facility for climate-friendly shipping in Kiel
Jun 25, 2024 (SPX)
"DLR conducts cutting-edge research for a sustainable world that is fit for us to live in, and at our new site in Kiel we are working on climate-compatible ship...
Congo oil permit threatens park, must be scrapped: NGO
Jun 20, 2024 (AFP)
Congo Brazzaville awarded the oil exploration permit to China Oil Natural Gas Overseas Holding United at the start of the year, which according to Earth Insight...
UK judges block new oil site over indirect climate impact
Jun 20, 2024 (AFP)
Sarah Finch challenged a decision to allow the expansion at Horse Hill near London Gatwick Airport in 2019, arguing that indirect emissions had not been taken i...
Senate probe urges France stop importing Russian LNG
Jun 19, 2024 (AFP)
The committee's report also urged the state obtain special rights over French energy giant TotalEnergies' strategic decisions and major changes in shareholders....
Drone attack sets oil tanks ablaze in southern Russia
Jun 18, 2024 (AFP)
Ukraine did not immediately claim responsibility but has carried out similar attacks on Russian energy facilities before, arguing they are fair targets given th...
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