OIL

10,863 articles

Leaks account for half of major methane sources at largest US oilfield: study
Jun 02, 2021 (AFP)
Researchers found that repairing just 123 sources found to leak most persistently in the area they surveyed using sensor-equipped planes would reduce methane em...
Oil majors vow energy transition - at their own pace
Jun 02, 2021 (AFP)
The demand for change is coming from many sides: lawsuits, shareholders and the International Energy Agency have all turned up the heat on firms recently. Last ...
UN Security Council to discuss Yemen oil tanker impasse
Jun 02, 2021 (AFP)
Thursday's meeting, requested by Britain, comes after Huthi rebels said an agreement to allow a UN mission to inspect the tanker had "reached a dead end." The 4...
Maersk favours carbon tax for shipping
Jun 02, 2021 (AFP)
The Danish firm proposed a tax of at least $450 per tonne of fuel, which works out to $150 per tonne of carbon. Maersk CEO Soren Skou called the tax proposal "a...
Crude extends gains as recovery picks up but equities mixed
Jun 02, 2021 (AFP)
While some countries are struggling in their battle with the coronavirus, the general mood among dealers is upbeat that the global economy is rebounding suffici...
Germany to host new round of Libya peace talks
Jun 01, 2021 (AFP)
The conference follows a first edition in January 2020, and will take stock of the "next steps needed for a sustainable stabilisation of the country", said the ...
Energy giant Total rebrands as shareholders back climate plan
May 28, 2021 (AFP)
Only a tiny minority rebelled against the company's plans at a shareholders' meeting, saying they fell short of what was needed to fight global warming. Managem...
Dutch court to rule in Shell climate case
May 26, 2021 (AFP)
Dubbed "the People versus Shell", the case was launched in 2019 by the Netherlands branch of Friends of the Earth, and is backed by six other groups and more th...
ExxonMobil, Chevron investors vote for more action on climate change
May 26, 2021 (AFP)
The dual decisions at the two biggest US oil giants' annual meetings are clear evidence that addressing climate change has moved from being an environmentalist ...
Shell ordered to cut emissions in landmark Dutch climate case
May 26, 2021 (AFP)
Shell must reduce its carbon emissions by 45 percent by 2030 as it is contributing to the "dire" effects of climate change, the district court in The Hague rule...
Total suspends gas-linked cash payments to Myanmar army
May 26, 2021 (AFP)
Total has come under pressure from pro-democracy activists to "stop financing the junta" since a military coup in February which has been followed by a brutal c...
Iraq says $150bn stolen oil cash smuggled out since 2003
May 23, 2021 (AFP)
President Barham Saleh presented a draft law to parliament to fight corruption, recover stolen funds and hold perpetrators to account, a statement read. He call...
French energy giant Total to change its name
May 21, 2021 (AFP)
The group, founded in 1924 as the Compagnie francaise des petroles, is set to propose the new name on May 28 during a shareholders' general assembly. Total has ...
Shell shareholders back climate plan despite criticism
May 18, 2021 (AFP)
The plan sets targets but does not include a shift away from hydrocarbons that account for most of its profits, even as the International Energy Agency said the...
No new fossil fuel projects for net-zero: IEA
May 18, 2021 (AFP)
In a special report designed to inform negotiators at the crucial COP26 climate summit in Glasgow in November, the IEA predicted a "sharp decline in fossil fuel...
Flared natural gas latest prize in bitcoin miners' energy quest
May 16, 2021 (AFP)
Profitably creating, or mining, bitcoin and other cryptocurrencies requires masses of computers dedicated to solving deliberately complicated equations -- an en...
Canada asks US court to block shutdown of Line 5 pipeline
May 11, 2021 (AFP)
The third-party brief filed in the US District Court for the Western District of Michigan said Canadian operator Enbridge and the US state -- which are in media...
Saudi official in Baghdad, a month after Iran talks
May 11, 2021 (AFP)
Saudi Prince Khalid Bin Salman and his delegation met with President Barham Saleh, a government official told AFP. Saleh has said there have been meetings betwe...
Asian stocks mixed after US jobs miss, oil up after cyber attack
May 10, 2021 (AFP)
Investors have for months been fretting the surge in activity expected in the second half of the year as economies reopen will send prices rocketing, forcing ce...
Major US pipeline struggles to reopen after ransomware attack
May 10, 2021 (AFP)
The Colonial Pipeline Company ships gasoline and jet fuel from the Gulf Coast of Texas to the populous East Coast through 5,500 miles (8,850 kilometers) of pipe...
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