Showing posts with label Oil. Show all posts
Showing posts with label Oil. Show all posts

Monday, July 09, 2018

New discovery highlights Egypt's potential as emerging oil producer

New discovery highlights Egypt's potential as emerging oil producer
A new oil discovery in the Western Desert of Egypt could unlock a new area for production gains in the country, Italian energy company Eni said Monday.

Friday, June 22, 2018

OPEC approves output rise of about 1 Mn barrels

OPEC approves output rise of about 1 Mn barrels
OPEC members have agreed on a combined increase in crude oil output of one million barrels per day, the oil minister of the cartel's kingpin Saudi Arabia said Friday.

Oil prices spike sharply after OPEC fails to deliver

Oil prices spike sharply after OPEC fails to deliver
Crude oil prices were soaring in early Friday trading after OPEC apparently disappointed with the terms of a consensus agreement on production.

Thursday, May 17, 2018

New Shipping Regulations to Push Oil Prices to $90 by 2020 : Morgan Stanley

New Shipping Regulations to Push Oil Prices to $90 by 2020
International efforts to reduce air pollution has lifted the hopes of oil traders, as new shipping regulations are expected to boost demand for lower sulfur fuels, raising demand for crude, as the bank’s analysts report. The current growth in oil prices already exceeds earlier predictions amid OPEC supply cuts and US sanctions against Iran.

Monday, May 14, 2018

Russia's Rosneft reaps rewards from higher oil prices

Russia's Rosneft
Russian oil company Rosneft said Monday its revenue increased more than 20 percent from last year, even as its production levels declined.

Wednesday, April 25, 2018

Indonésie: au moins 10 morts dans l'incendie d'un puits de pétrole illégal

incendie d'un puits de pétrole illégal
Au moins dix personnes ont péri et des dizaines ont été blessées dans l'incendie mercredi d'un puits de pétrole illégal dans l'ouest de l'Indonésie, ont indiqué les autorités de ce pays d'Asie du Sud-Est.

Wednesday, April 18, 2018

Oil Prices Rise Amid Lower US Stockpiles, Rising Global Tensions

Oil Prices Rise
International oil prices are posting steady increases due to higher energy consumption in the US, Saudi Arabia's continued commitment to production cuts and rising global political uncertainty.

Wednesday, March 07, 2018

Europe Buyer of 40% of Iran’s Oil Exports in February

Europe Buyer of 40% of Iran’s Oil Exports in February
About 40 percent of Iranian oil exports in February was sold to European companies, including the global oil giant Royal Dutch Shell and Italy’s Eni.

Wednesday, February 14, 2018

Norway to review oil and gas pension investments

Norway to review oil and gas pension investments
Following advice from its central bank, the Norwegian Ministry of Finance said it would consider whether oil and gas stocks should be in a pension fund.

Monday, February 05, 2018

Oil tanker with 22 Indian sailors goes missing off West African coast

Oil tanker with 22 Indian sailors
An oil tanker with 22 Indian crew members on board went missing off the coast of Benin in West Africa, according to a statement issued by India's Ministry of External Affairs.

Friday, February 02, 2018

Oil from Sunken Iranian Tanker May Have Reached Japan Shore: Coast Guard

Clumps of oil have washed up on the shores of southern Japan and there are fears they may be leaking from an Iranian crude tanker that sank in the world's worst such disaster in decades, the Japanese Coast Guard said Friday.

Thursday, February 01, 2018

EU sees Cuba as 'strategic ally' in combating climate change: commissioner

EU sees Cuba as 'strategic ally' in combating climate change
The European Union (EU) views Cuba as a "strategic ally" in fighting climate change and a key partner in the Caribbean, an EU commissioner said here Wednesday.

Wednesday, January 31, 2018

Total, Chevron declare major oil find in the Gulf of Mexico


Ballymore prospect
French energy company Total said Wednesday it made what it considers the largest discovery it's ever made in the U.S. waters of the Gulf of Mexico.

Saturday, January 20, 2018

No efforts spared in rescue for tanker Sanchi: China

tanker Sanchi
China has set up an efficient interministry coordination team to handle the aftermath of the sunken oil tanker Sanchi, which includes monitoring and cleaning up the marine oil slick that was left and conducting regular search and recovery operations, senior officials said on Friday.

Monday, January 15, 2018

Worse than Exxon Valdez? Fears rise ‘all fuel escaped’ from ill-fated Iranian oil tanker

Sanchi IRAN
Chinese authorities are struggling to contain what may be the worst oil tanker spill and environmental disaster of its kind in history, after the stricken Iranian ship. The Sanchi, finally sank over the weekend.

Monday, January 08, 2018

Keystone XL may be headed for another hurdle

Keystone XL PIPELINE
Claims by Nebraska landowners for compensation from pipeline company TransCanada on Keystone XL-related costs rests with the state's highest court, advocates say.

Wednesday, December 27, 2017

Libya out at least 70,000 barrels of oil per day

explosion at a pipeline feeding the nation's largest oil depot
A Libyan company said it expects to be out at least 70,000 barrels of oil per day because of an explosion at a pipeline feeding the nation's largest oil depot.

Friday, December 22, 2017

Eni says Kazakh agreement moves it closer to exploration

Eni says Kazakh agreement moves it closer to exploration
Italian energy company Eni said Friday it grabbed a stronger hold over a reservoir in Kazakhstan it said has a "significant" potential for oil resources.

Wednesday, December 20, 2017

Parts of Alaska wilderness open to oil and gas drilling with tax overhaul

opens parts of the wildlife refuge in Alaska to oil and gas drilling
At long last, a senator said the Arctic National Wildlife Refuge is open to responsible energy development, though advocates said the move is "unconscionable."

Sunday, December 10, 2017

Trump administration sued for allowing ‘unlimited’ dumping of fracking waste into Gulf of Mexico

Gulf of Mexico
The Trump administration is being sued by an activist organization for allegedly allowing oil companies to dump waste from fracking and drilling into the Gulf of Mexico, without considering the detrimental effect it will have on marine life.

EL News