Oil News - Gas News - OilGasDaily.com brings you daily news on the oil and gas industry. http://www.oilgasdaily.com/index.html Mon, 26 May 2025 11:49:32 GMT Mon, 26 May 2025 11:49:32 GMT en-us Separating crude oil into products such as gasoline, diesel, and heating oil is an energy-intensive process that accounts for about 6 percent of the world's CO2 emissions. Most of that energy goes into the heat needed to separate the components by their boiling point. In an advance that could dramatically reduce the amount of energy needed for crude oil fractionation, MIT engineers have de]]> Mon, 26 May 2025 11:49:32 GMT Ahead of oil-rich Suriname's election, the country's president tells AFP that a looming energy windfall will not spell a shift away from climate-friendly policies. Voters in this tiny Amazon-cloaked South American nation will go to the polls Sunday to decide who will guide it through what promises to be a transformative energy bonanza. The country of 600,000 recently discovered a vast oi]]> Mon, 26 May 2025 11:49:32 GMT Iraq signed a major energy deal Wednesday with a Chinese petrol company in the southern province of Basra, aiming to boost oil production and build a refinery and electricity plants. China has gained a major foothold in oil-rich Iraq in recent years, becoming a major player across various sectors and now one of the largest importers of Iraqi crude. Iraq's Oil Minister Hayan Abdel Ghani a]]> Mon, 26 May 2025 11:49:32 GMT Morocco on Monday signed deals with an Emirati-Moroccan consortium for energy and water infrastructure projects, which according to one of the companies involved were worth more than $14 billion. The country and state-owned National Office of Electricity and Drinking Water (ONEE) signed three agreements with the Mohammed VI Public Investment Fund and energy groups Taqa Morocco, a subsidiary ]]> Mon, 26 May 2025 11:49:32 GMT Plans to drill for oil in the protected Mesopotamian Marshes of southern Iraq have galvanised villagers and activists determined to save the mythical wetlands already battered by years of drought. "We will never accept it," marshes activist Murtada al-Janubi told a meeting, seeking to reassure anxious residents gathered in a traditional hall made of woven reeds from the wetlands, to discuss ]]> Mon, 26 May 2025 11:49:32 GMT Indonesian President Prabowo Subianto inaugurated two offshore oil and gas projects on Friday, hailing them as a milestone to reaching energy self-sufficiency. Prabowo has vowed to boost energy security for Southeast Asia's largest economy, while also pledging to phase out coal power and reach net-zero emissions by 2050. "Achieving national energy self-sufficiency is vital for the indepe]]> Mon, 26 May 2025 11:49:32 GMT Oil prices fell Thursday while global equities were mixed after President Donald Trump said the United States was close to making a deal on Iran's nuclear program. Trump made the remarks in Qatar before flying to the United Arab Emirates for the third and final leg of a Gulf tour that began in Saudi Arabia. Trump's comments came after Iran held its fourth round of talks with the US admin]]> Mon, 26 May 2025 11:49:32 GMT Dutch scientists on Wednesday unveiled a boat powered by liquid hydrogen that they hope will offer lessons to the shipping industry as it eyes new fuel sources to reduce its significant greenhouse gas emissions. The student team from the Delft University of Technology is entering their sleek "foiling boat" - meaning it is lifted out of the water on three pillars - in this year's "Energy Bo]]> Mon, 26 May 2025 11:49:32 GMT In the race to reduce carbon emissions and secure sustainable energy sources, researchers from the University of Oxford, Durham University, and the University of Toronto have developed a detailed exploration strategy for finding naturally occurring hydrogen gas in the Earth's crust. This new approach aims to harness hydrogen from natural geological sources, offering a potentially carbon-free alt]]> Mon, 26 May 2025 11:49:32 GMT Dutch environmental group Milieudefensie said Tuesday it was launching a new legal case against Shell, aiming to stop the fossil fuel giant investing in new oil and gas fields. In November, the Dutch Appeals Court ruled against Milieudefensie and other climate NGOs, quashing a landmark judgement from 2021 that said Shell had to reduce emissions by 45 percent by 2030. But that appeals cou]]> Mon, 26 May 2025 11:49:32 GMT Europe's largest "green" methanol plant opened in Denmark on Tuesday, boosting the continent's emissions reduction efforts - with customers ranging from shipping giant Maersk to toymaker Lego and pharmaceutical firm Novo Nordisk. Sitting next to northern Europe's biggest solar panel field and a large transformer station in the Danish countryside, the site will produce e-methanol, a syntheti]]> Mon, 26 May 2025 11:49:32 GMT Donald Trump intends to accept a luxury Boeing jet from the Qatari royal family for use as Air Force One then continue flying in it after his tenure, despite strict rules on US presidential gifts, media reported Sunday. Calling the plane a "flying palace," ABC News, which first reported the story, said the Boeing 747-8 jumbo jet would possibly be the most expensive gift ever received by the ]]> Mon, 26 May 2025 11:49:32 GMT Andrew Petersen is a third-generation oil refinery worker from a small, industrial Scottish town. When he was growing up, working at Grangemouth refinery meant you "had a job for life". But last month "everything changed", Petersen told AFP near the refinery, its giant cooling towers looming in the background. On April 29, owner Petroineos announced it had ended operations at the re]]> Mon, 26 May 2025 11:49:32 GMT Researchers at the University of Adelaide, in collaboration with the Australian Research Council Centre of Excellence for Carbon Science and Innovation (COE-CSI), have developed two innovative urea-based electrolysis systems capable of producing cost-effective green hydrogen. These systems utilize urea found in urine and wastewater as an alternative to traditional water-based hydrogen production]]> Mon, 26 May 2025 11:49:32 GMT Britain will sanction a Russian shadow fleet of up to 100 tankers on Friday, as European leaders gather in Oslo for a military meeting where they will seek to exert extra pressure on Moscow's economy to further empty its war chest. Prime Minister Keir Starmer is expected to announce the sanctions against the tankers at the Joint Expeditionary Force meeting that London said are the core ]]> Mon, 26 May 2025 11:49:32 GMT