OIL

10,863 articles

Iraqis protest after currency value slashed
Dec 21, 2020 (AFP)
The Central Bank of Iraq (CBI) at the weekend devalued the currency by over a fifth against the US dollar, officially re-pegging the dinar at a bank rate of 1,4...
Turkey conducts exercises in eastern Mediterranean
Dec 20, 2020 (AFP)
The defence ministry said on its Twitter account that "elements of our navy command" conducted the exercises, without specifying the location other than "easter...
Sudan army chief visits border area after ambush blamed on Ethiopia
Dec 17, 2020 (AFP)
General Abdel Fattah al-Burhan, who heads the armed forces and the Sovereign Council, Sudan's highest executive body, "has arrived in Gedaref for a security vis...
Norway okays giant North Sea carbon storage project
Dec 15, 2020 (AFP)
The Northern Lights project aims to inject CO2 captured from Norwegian industrial firms into geological formations 2,600 metres (8,530 feet) below the seabed wh...
Nanoengineered cement shows promise for sealing leaky gas wells
Dec 15, 2020 (SPX)
"We have invented a very flexible cement that is more resistant to cracking," said Arash Dahi Taleghani, associate professor of petroleum engineering at Penn St...
Disaster awaits if aging Red Sea oil tanker isn't emptied soon
Dec 15, 2020 (UPI)
The situation is precarious and time sensitive -- and likely a disaster waiting to happen -- according to scientists. New research -- published Tuesday in the j...
Iraqis shed masks as economic pain overshadows virus fear
Dec 15, 2020 (AFP)
In a war-scarred country burdened by rising job losses and deepening poverty, a majority of citizens seem to have shrugged off the global public health crisis. ...
ExxonMobil pledges emissions cut as investor campaign targets board
Dec 14, 2020 (AFP)
The US oil giant said in a statement that by 2025 it will cut emissions from upstream activities, which includes oil drilling and extraction, by between 15 and ...
Emissions fell record 7 percent in 2020: study
Dec 11, 2020 (AFP)
The fall of an estimated 2.4 billion tonnes is considerably larger than previous annual record declines, such as 0.9 billion tonnes at the end of World War II o...
2 B-52s fly 'show-of-force' mission through Persian Gulf
Dec 10, 2020 (UPI)
The aircraft, assigned to Louisiana's Barksdale Air Force Base-headquartered 2nd Bomb Wing, flew a short-notice nonstop mission the military said was "designed ...
Amazon community files lawsuit against Chinese firm over gas flaring
Dec 10, 2020 (AFP)
Leaders of the Waorani village of Miwaguno went to a court in Francisco de Orellana, the main town of Orellana province east of Quito, to file the lawsuit "as v...
Green hydrogen: A fuel bursting with climate-saving potential
Dec 09, 2020 (AFP)
Hydrogen itself may have plenty of uses, but governments and companies are increasingly turning their attention to how to produce the resource in a climate-frie...
Russia signs deal to open naval base in Sudan
Dec 09, 2020 (AFP)
The deal, published on the Russian government's website Tuesday, will see Moscow establish a "logistical support centre" in Port Sudan where "repairs and resupp...
Rome, Tripoli sign defence deal over hospitals, training
Dec 04, 2020 (AFP)
Italian Defence Minister Lorenzo Guerini met his Libyan counterpart Salahuddin Al-Namroush in Rome, where they signed the "Joint Technical Military Cooperation ...
Denmark to end North Sea oil and gas production by 2050
Dec 04, 2020 (AFP)
Following an agreement reached between the Social Democratic government and a majority in parliament, "Denmark becomes the biggest oil and gas producer to set a...
Trust a rare asset for Iraqi banks
Dec 02, 2020 (AFP)
"Iraqi banks today are still so far away from global standards," said Abbas Anid Ghanem, an Iraqi economist and lawyer based in the southern city of Diwaniyah. ...
Climate goals need 6% yearly fossil fuel cuts, UN says
Dec 02, 2020 (AFP)
The UN's annual Production Gap assessment measures the difference between the Paris Agreement climate goals and nations' planned production of fossil fuels. Wed...
Technology fast-tracks hydrogen-fuelled future
Dec 01, 2020 (SPX)
Until now, meaningful uptake of hydrogen as a fuel has been out of reach, hindered by high costs and the vast amount of energy required for its production. Whil...
Bank of America latest to say no to financing Arctic drilling
Dec 01, 2020 (AFP)
A Bank of America spokesman confirmed the decision to AFP after it was initially reported by Bloomberg. Environmental protection organization the Sierra Club we...
Climate groups take on Shell in landmark Dutch case
Dec 01, 2020 (AFP)
The "historic" case being heard in The Hague was launched in 2019 by the Netherlands branch of Friends of the Earth, backed by 17,300 Dutch citizens who have re...
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