Iraq blames foreign companies for ongoing closure of oil pipeline Tue 26 Mar 2024 The Iraqi oil ministry said companies operating in the Kurdistan region have failed to submit contracts for revision. Iraq’s oil ministry has blamed foreign oil companies... (photo: AP / Nabil al-Jurani, File) Offshore Technology Energy Iraq Oil Photos |
Permian Basin: Chevron and Exxon compete for top oil producer in US Tue 26 Mar 2024 Oil and gas mergers, largely in the Permian Basin spiked last year as companies sought to consolidate assets in the booming region, according to a government report... (photo: Creative Commons / Tony Webster) Alamogordo Daily News Gas Global Trading Oil Photos |
Increase in oil investment must for growth: Opec chief Mon 25 Mar 2024 Increased investments in the oil industry is needed to meet global energy demands and sustain economic growth, Haitham Al Ghais, Secretary General of the Organisation of... (photo: AP Photo ) GDN Online Energy OPEC Oil Photos |
Libya to investigate claims oil smuggling is fuelling Sudan civil war Mon 25 Mar 2024 Libyan authorities have said they will investigate allegations of wholesale mismanagement in the country’s National Oil Corporation, with officials telling the Guardian... (photo: AP / Hussein Malla) AOL Africa Libya Photos Sudan |
Rapid digitalisation enabling blockchain adoption in oil and gas industry Wed 20 Mar 2024 The potential of blockchain in the oil and gas sector is poised for substantial growth as companies increasingly recognise its full capabilities. Blockchain is emerging... (photo: Creative Commons) Offshore Technology Gas Oil Photos |
Oil prices contracted after reaching 4-month highs due to demand concerns Wed 20 Mar 2024 Oil prices continued their downward trend on Wednesday due to market caution ahead of the US Federal Reserve's (Fed) decision on interest rates, a strong US dollar and... (photo: Pixabay / C Morrison) Anadolu Agency Energy Global Trading Oil Photos |
Economic Watch: Western oil giants look at new strategy amid global energy transition Tue 19 Mar 2024 by Nie Shangyou HOUSTON, March 19 (Xinhua) -- At the top-level global energy forum CERAWeek that kicked off here on Monday, oil giants across the Atlantic are fine-tuning... (photo: Creative Commons / Christoph Mendt) Xinhua Climate change Energy Oil Photos |
Gulf stocks up on higher oil prices Tue 19 Mar 2024 Major stock markets in the Gulf rose yesterday led by the Abu Dhabi benchmark on higher oil prices, while shares in Egypt continued to ease for a second straight session.... (photo: WN / Sweet Radoc) GDN Online Abu Dhabi Photos Russian Wikipedia: Price of oil oil prices |
Oil loses ground in cautious trade ahead of Fed meeting Tue 19 Mar 2024 Singapore — Oil prices dipped on Tuesday due in part to the prospect of rising supply from Russia, slower-than-expected downstream demand in sectors such as jet fuel, and... (photo: AP / Marta Lavandier) Business Day Gas Global Trading Oil Photos |
Oil inches higher on expectation of more strikes on Russian refineries Mon 18 Mar 2024 New Delhi — Oil prices ticked up in Asian trade on Monday, extending gains from last week when prices rose nearly 4% on the view that supply was tightening, with the... (photo: Creative Commons) Business Day Energy Global Trading Oil Photos |
Shell waters down 2030 carbon emissions target in latest fossil fuel industry backslide Thu 14 Mar 2024 Shell weakened its 2030 carbon reduction target and scrapped a 2035 objective, citing expectations for lower power sales and strong demand for gas in the energy... (photo: Creative Commons / Chris Light https://commons.wikimedia.org/wiki/User:Chris_Light) CNN Carbon emissions Climate change Oil Photos |
Venezuela to strengthen Iran oil pact Thu 14 Mar 2024 The South American nation has struggled to pay off its debts to Tehran. Venezuela is looking to forge a stronger oil alliance with Iran, as the South American nation... (photo: AP / Vahid Salemi) Offshore Technology Iran Oil Photos Venezuela |
World oil demand grows amid Red Sea shipping disruptions: IEA Thu 14 Mar 2024 Global oil demand is forecast to grow more than expected due to a brighter US economic outlook and rising fuel needs of ships rerouted away from the Red Sea, the... (photo: Creative Commons) Independent online (SA) Energy Global Trading Oil Photos |
Revealed: How the global oil industry is fueling Israel’s war on Gaza Thu 14 Mar 2024 Israeli jets and tanks bombarding Palestinians are being fueled by some of the world’s most profitable fossil fuel companies – and US tax-payers, according to research.... (photo: Creative Commons) AOL Energy Global Trading Oil Photos |
US leads global oil production for sixth year in a row – EIA Wed 13 Mar 2024 Last year, the US, Russia and Saudi Arabia accounted for 40%, or approximately 32.8mbpd, of global oil production. Crude oil production in the US has topped global... (photo: AP / Gregory Bull, File) Offshore Technology Energy Global Trading Oil Photos |
EXCLUSIVE – Azerbaijan oil and gas extraction plans are equivalent to an entire year of EU emissions Wed 13 Mar 2024 The oil and gas extraction plans of the COP29 host fuel concerns that another petrostate will dampen forthcoming climate negotiations. The recent decision to allow a... (photo: Creative Commons / Adam Jones from Kelowna, BC, Canada https://www.flickr.com/people/41000732@N04) Offshore Technology Azerbaijan Climate change Oil Photos |
Shell considers slowing the pace of its carbon emissions cuts in strategy update Tue 12 Mar 2024 Shell Plc has been considering slowing the pace of its carbon-emissions cuts as it updates its energy-transition strategy, according to people familiar with the matter.... (photo: US BSEE / Mike Duhon, all rights excluding external advertising assigned to Shell) Detroit news Carbon emissions Climate change Oil Photos |
Saudi oil giant Aramco announces $121 billion profit last year, down from 2022 record Mon 11 Mar 2024 Saudi oil giant Aramco اشس reported it made $121 billion in profit last year, down from its 2022 record due to lower energy prices. The results still marked the company's... (photo: AP / Amr Nabil) Naharnet Aramco Oil Photos Saudi Arabia |
MethaneSat will remind the oil and gas sector “to get back to work” Mon 11 Mar 2024 Measuring methane concentrations as low as three parts per billion, MethaneSat will hold oil and gas firms accountable for emissions. MethaneSat – a satellite measuring... (photo: AP / Martin Meissner) Offshore Technology Climate change Emissions Environment Photos |
Big Oil faces a flood of climate lawsuits — and they’re moving closer to trial Fri 8 Mar 2024 "This story was originally published by Grist. Sign up for Grist's weekly newsletter here." It’s been six years since cities in California started the trend of taking Big... (photo: Public Domain / Eric Vance) MinnPost Climate change Environment Oil Photos |