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Oil News

Pro-Haftar forces 'block oil exports' from key Libya ports

Tripoli - Forces loyal to military strongman Khalifa Haftar on Saturday blocked oil exports from Libya's main ports, the National Oil Company said, raising the stakes on the eve of international peace talks.

Iranian hackers hit Bahrain's national oil company Special

New Iranian data wiper malware hast struck Bapco, Bahrain's national oil company. The malware is dubbed “Dustman” by the Saudi Arabia National Cybersecurity Authority, as Chris Kennedy of AttackIQ explains.

Putin visits Turkey to talk Libya, Syria and gas

Istanbul - Turkish President Recep Tayyip Erdogan will host Russian counterpart Vladimir Putin on Wednesday to inaugurate a new gas pipeline, with tensions in Libya and Syria also on the agenda.

Captain, 7 crew abducted from Greek oil tanker in Cameroon port

Douala - Armed men staged a night raid on a Greek oil tanker anchored in a Cameroonian port and abducted eight crewmen, including the vessel's Greek captain, the merchant marine ministry and the ship's owner said Tuesday.

Algae enzyme converts cooking oil into ready-to-use biofuel

A rare algae enzyme has been shown to be able to convert waste cooking oil, via a photo-bio-catalytic continuous flow system, into a ready-to-use biofuel.

Germany, EU hit out at US over sanctions on Russian gas pipeline

Berlin - Germany on Saturday accused the United States of interfering in its internal affairs, in an increasingly angry spat over Washington's decision to impose sanctions on companies involved with a major project to supply western Europe with Russian gas.

Turkey sends armed drone to N.Cyprus amid gas dispute

Famagusta - A Turkish military drone was delivered to northern Cyprus on Monday amid growing tensions over Turkey's deal with Libya that extended its claims to the gas-rich eastern Mediterranean.

Mammoth field fires up Norway's oil industry

Norway - Under yellow metal legs stretching beneath the sea, billions of dollars lie buried. As the world tries hard to halt global warming, a huge oil field breathes new life into Norway's oil sector."Massive!

Marathon OPEC meeting breaks up without agreement

Vienna - A meeting of the OPEC group of major oil-exporting countries broke up late Thursday without agreement on cutting production to head off pressure on prices from abundant reserves and slowing global economic growth.

Saudi Aramco raises $25.6 billion in biggest-ever IPO

Apo - Saudi Aramco on Thursday priced its long-awaited IPO at the high end of the target range, raising $25.6 billion and giving the energy giant a valuation of $1.7 trillion in the world's biggest stock sale.

Saudi Aramco raises $25.6 bn in largest-ever IPO

New York - Saudi Arabia's state oil company Aramco launched its initial stock offering on Thursday, pricing at the high end of the target range and raising $25.6 billion, two sources told AFP.

Slash emissions now or face climate disaster, UN warns

Paris - The world will miss its chance to avert climate disaster without an immediate and all-but-impossible fall in fossil fuel emissions, the UN said Tuesday in its annual assessment on greenhouse gases.

Oil from spill in Brazil washes up in Rio state

Rio De Janeiro - Oil from a spill that has contaminated a stretch of Brazil's coast was detected in Rio de Janeiro state, the navy said Saturday, as President Jair Bolsonaro warned the country was preparing for the worst.

IEA says world needs 'laser-like focus' to bring down emissions

Paris - The world must do much more to slash emissions if it is to defuse the climate change time bomb and deliver sustainable energy for a growing population, the International Energy Agency said Wednesday.

Iran says new oil find adds only 22 bln barrels to reserves

Tehran - Iran's oil minister said Monday that an oil field whose discovery President Hassan Rouhani announced at the weekend adds only 22.2 billion barrels to the country's estimated crude reserves.Out of the amount at the site, only a tenth -- 2.

Iran announces discovery of massive oil field

Tehran - Iran has discovered a massive new oil field, President Hassan Rouhani said Sunday, a find that would boost its proven reserves by about a third in a rare piece of "good news" for an economy battered by US sanctions.

Iran says oil field found with 53 bln barrels of crude

Tehran - Iran has discovered a new oil field containing 53 billion barrels of crude, President Hassan Rouhani said Sunday, a find that would increase Iran's proven reserves by over a third.

US military ops in Syria getting complicated for Washington

Washington - The Pentagon is facing tough questions about the US military's role in Syria. Troops are now limited to a smaller, tougher to defend zone, and focused on protecting oil fields that legally belong to Damascus.

Brazil oil auction raises disappointing $17 billion: official

Rio De Janeiro - Brazil's auction of drilling rights to four deep-sea oil fields raised a disappointing $17 billion on Wednesday, officials said, well short of expectations for the highly-anticipated mega sale.

Nigeria puts squeeze on oil majors as upends deals

Lagos - Nigeria's President Muhammadu Buhari on Monday signed a measure to change the country's agreements with multinational oil companies to significantly increase the share of offshore oil revenue it takes.

Brazil's Bolsonaro says 'worst is yet to come' on oil spill

S - Brazilian President Jair Bolsonaro said Sunday that "the worst is yet to come" with an oil spill that has affected more than 200 beaches on the country's coast.

Bits of oil from Brazil spill reach whale sanctuary

S - Fragments of oil from spills plaguing Brazil's coast for three month have reached a humpback whale sanctuary, the navy reported Saturday.

Brazil names Greek-flagged tanker as top suspect in oil spills

Rio De Janeiro - A Greek-flagged tanker is the main suspect in oil spills that have been appearing along the coast of Brazil for two months, the defense ministry said Friday, finally lifting some of the suspense over this "environmental catastrophe.

US to send 'additional military assets' to protect Syrian oil

Washington - The US Defense Department said Thursday it planned to beef up its presence in the northeast corner of Syria to protect oil fields from being retaken by a potentially resurgent Islamic State group.

Ecuador resumes oil exports curbed by protests

Quito - Ecuador on Sunday said it had resumed crude oil exports curbed by violent protests that forced several wells in the Amazon to halt operations.

Canada election puts spotlight on the oil-climate divide

Regina - On the eve of Canada's federal elections, Conservatives and Liberals are neck-and-neck in the polls. But in the prairie province of Saskatchewan support for the Tories is steadfast, centered around the fate of the oil and gas industry.

Oil, Iran top agenda as Putin visits Saudi Arabia

Apo - Russian President Vladimir Putin arrived in Saudi Arabia on Monday, where he was set to seal oil agreements and try to use his influence to defuse tensions boiling in the Gulf.

Russia will work with Saudi to stabilise oil market: Putin

Moscow - Russia will work with Saudi Arabia against any "attempt to destabilise" the oil market, President Vladimir Putin said in an interview broadcast Sunday, on the eve of a visit to Riyadh.

Iran tanker hit by suspected missile strikes off Saudi coast

Tehran - Suspected missile strikes hit an Iranian oil tanker off the Saudi coast on Friday, its owner said, the first Iranian vessel targeted since a spate of attacks in the Gulf Washington blamed on Tehran.

Venezuela rejects Brazil accusations over beach oil spills

Caracas - Venezuela's state oil company PDVSA on Thursday denied accusations by Brazil that it was responsible for a massive oil spill that has polluted beaches on its northeastern Atlantic coast.
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A caribou walks next to a section of the pipeline north of the Brooks Range.  The pipeline carries o...
A caribou walks next to a section of the pipeline north of the Brooks Range. The pipeline carries oil from the Arctic and Prudhoe Bay on the North Slope to Valdez, Alaska.
Stan Shebs
NASA satellite image acquired May 9  2010 of the oil spill in the Gulf of Mexico
NASA satellite image acquired May 9, 2010 of the oil spill in the Gulf of Mexico
NASA Goddard
Oil refinery coastal Texas
Oil refinery coastal Texas
U.S. Fish and Wildlife Service
Dry sand from a tailing pond  water is used to remove the oil from the sand. The water and sand whic...
Dry sand from a tailing pond, water is used to remove the oil from the sand. The water and sand which is left over is moved to holding ponds.
Bob Dudley is CEO of BP
Bob Dudley is CEO of BP
BP America
Manatee s seen in Kings Bay
Manatee's seen in Kings Bay
The new ship and the world s largest  The Prelude
The new ship and the world's largest, The Prelude
Shell Oil
Greenpeace activists chain themselves to each other during a demonstration on Bosphorus bridge calli...
Greenpeace activists chain themselves to each other during a demonstration on Bosphorus bridge calling for the release of 30 people arrested in Russia over a protest against Arctic oil drilling, during the Istanbul Marathon in Istanbul November 17, 2013. The 30 people detained by Russia consists of 28 activists who were arrested after coastguards boarded the Greenpeace icebreaker Arctic Sunrise following the protest at an oil platform owned by state-controlled Gazprom off Russia's northern coas
With permission by Reuters / Murad Sezer
OIL TRAIN: Rail cars loaded with crude oil burn on the tracks in the Columbia River Gorge near Mosie...
OIL TRAIN: Rail cars loaded with crude oil burn on the tracks in the Columbia River Gorge near Mosier, Ore., after a 100-car train derailed on June 3.
U.S. Coast Guard PFC Levi Read/Wikimedia Commons
Dry sand from tarsands production.
Dry sand from tarsands production.
Oil pump in Russia
Oil pump in Russia
Yukon White Light
An oil tanker
Oil tanker
Photo by Zero
Untitled
CBS
A scene from a documentary shot in Kamloops  British Columbia  showing life on a cattle ranch.
A scene from a documentary shot in Kamloops, British Columbia, showing life on a cattle ranch.
screen grab
The Athabasca Tarsands.
The Athabasca Tarsands.
A rig in the gulf where an explosion occurred on April 20  2010.
A rig in the gulf where an explosion occurred on April 20, 2010.
KK+
Members of the Naval Air Station Pensacola Pollution Response unit set oil containment boom at Sherm...
Members of the Naval Air Station Pensacola Pollution Response unit set oil containment boom at Sherman Cove aboard the base to protect environmentally sensitive grass beds from the Deepwater Horizon oil spill.
by uscgd8
Prices as of January 2  2018 at 1:41 p.m.
Prices as of January 2, 2018 at 1:41 p.m.
NASDEQ
Francis Bacon  Second Version of Triptych   1944 / 1988. Oil and alkyds on canvas. Each panel 198 x ...
Francis Bacon, Second Version of Triptych, 1944 / 1988. Oil and alkyds on canvas. Each panel 198 x 147.5 cm (each panel), Tate Modern, London. © Estate of Francis Bacon / SODRAC (2013)
© Estate of Francis Bacon / SODRAC (2013)
Steve Henne  of Marine Spill Response Corp.  heads back to the Premier Explorer after a controlled b...
Steve Henne, of Marine Spill Response Corp., heads back to the Premier Explorer after a controlled burn in the Gulf of Mexico.
U.S. Navy photo by Mass Communication Specialist 2nd Class Justin Stumberg

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