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Oil News

Iraq seeks BP help in developing recovered Kirkuk oil fields

Baghdad - Iraqi Oil Minister Jabbar al-Luaybi called on British energy giant BP on Wednesday to help develop fields in the northern province of Kirkuk recovered from Kurdish forces this week.

Iraqi forces seize Kirkuk governor's office in push against Kurds

Kirkuk - Iraqi forces seized the Kirkuk governor's office, key military sites and an oil field on Monday as they swept across the disputed province following soaring tensions over an independence referendum.

Leaked memo rekindles scandal around Nigeria's oil giant

Lagos - A leaked memo from Nigeria's minister of state for oil has shown that irregularities in the state-owned oil giant remain entrenched, despite official vows to root out the "cancer" of graft.

Brazil oil field auction to test government's ambitions

Rio De Janeiro - Brazil will hold a major oil field auction Wednesday in a test of President Michel Temer's policy of loosening regulations and luring foreign investors to bring billions of dollars into the moribund economy.

At least three killed by sea pirates in Nigeria's oil region: police

Warri - Sea pirates shot dead at least three people, including a policeman, in an ambush in southern Nigeria's restive oil region, police said Saturday.Bayelsa state police spokesman Asinim Butswat said the incident happened on Friday.

Petrol prices pumped up in Pyongyang

Pyongyang - Petrol prices are being pumped higher in Pyongyang in the wake of United Nations sanctions restricting exports of oil products to nuclear-armed North Korea.Retail prices have gone up around 20 percent in two months, AFP saw in the capital.

At least 25 dead in South Sudan oil state battle

Juba - An outbreak of fighting between government and rebel forces in South Sudan's oil-producing north left at least 25 people dead, a state official said Tuesday.

Will China turn off North Korea's oil?

Bejing - China feeds North Korea's energy needs through the "Sino-DPRK Friendship Oil Pipeline", but Washington wants Beijing to turn off the tap to pressure its neighbour into abandoning its nuclear programme.

Oil-rich Norway struggles to beat its 'petroholism'

Oslo - For climate reasons as much as economic prudence, Norway is trying to cut its dependence on oil, a godsend that has made the small Scandinavian country rich beyond its dreams -- which is exactly what makes it hard to pass up.

North Korea oil embargo could add fuel to the fire

Seoul - Top of the list for new sanctions on North Korea after its sixth nuclear test is an oil embargo, which analysts say would have a crippling effect on the wider economy -- but might do little to curb its weapons programmes.

Debt, sanctions and disrepair: Venezuela's oil sector in agony

Caracas - After decades of being Venezuela's cash cow, the state oil company PDVSA is a ragged shadow of its former self: overburdened, underfed, and in hock to Russian and Chinese creditors.The woes of the group, whose full name is Petroleos de Venezuela S.A.

Australia and ETimor strike deal to end maritime dispute

Sydney - Australia and East Timor have struck a deal to end a contentious dispute over maritime borders that cut through lucrative oil and gas fields, officials said on Saturday.

Poverty, pirates, protest: Locals seize Nigeria oil hub

Port Harcourt - The people of Belema village can only be reached after a three-hour journey aboard a rickety makeshift speedboat from the nearest major town.

Brazil threatens to nix Total's Amazon oil drilling bid

Rio De Janeiro - Brazil is threatening to turn down Total's bid to drill in the mouth of the Amazon river, saying the French oil giant has not allayed concerns over its ability to protect a huge offshore coral reef.

Microsoft and Halliburton partner to digitalize energy sector

The companies Halliburton and Microsoft have entered into a partnership which aims to transform the oil industry transform in new ways. At the heart is a new way of information sharing.

Could Venezuela's debt crisis force regime change?

Caracas - Venezuela might look bad right now with protests, scarce food and fraught political tensions. But it could soon get a lot worse, according to analysts, because of a debt emergency raising the specter of default.

OPEC pumps more oil in July despite cut pledge: IEA

Paris - OPEC pumped more oil in July as global oil supplies rose for the third straight month, the IEA said Friday, giving figures that cast further doubt on the cartel's pledge to cut output to raise prices.

Petrobras profits plummet in second quarter

Rio De Janeiro - Brazil's troubled oil giant Petrobas on Thursday reported a 93 percent drop in profits in the second quarter of 2017 from the previous three months.Petrobras reported 316 million reais profits ($100 million), down from 4.4 billion in the first quarter....

Anger mounts in Hong Kong over massive palm oil spill

Hong Kong - Residents in Hong Kong desperately tried to clear the coastline of greasy lumps of palm oil Tuesday as it continues to wash ashore after a huge spillage at sea.

Hong Kong cleans up greasy beaches after palm oil spill

Hong Kong - A clean-up operation was under way in Hong Kong Monday after a massive palm oil spillage from a ship collision in mainland Chinese waters clogged some of its most popular beaches.

Hong Kong cleans up greasy beaches after palm oil spill

Hong Kong - A clean-up operation was under way in Hong Kong Monday after a massive palm oil spillage from a ship collision in mainland Chinese waters clogged some of its most popular beaches.

Repsol suspends oil project in disputed sea off Vietnam

Hanoi - Spanish oil giant Repsol said it has suspended a multi-million-dollar oil exploration project in an area of the South China Sea off Vietnam claimed by both Hanoi and Beijing, amid reports of a spike in tensions between the communist neighbours.

Boko Haram ambush death toll hits 69

Kano - At least 69 people died in a Boko Haram ambush of an oil exploration team in northeast Nigeria, as three men kidnapped by the jihadists made a video appeal.

Nigeria court orders forfeiture of ex-oil minister's luxury $37.5m property

Lagos - A Nigerian court has ordered the temporary forfeiture a $37.5 million property belonging to the country's ex-oil minister, with prosecutors alleging it was bought with ill-gotten funds.

US moves to seize $140 mn from Nigerian oil corruption

Lagos - US officials said Friday they plan to confiscate $144 million in corruption-tainted assets of Nigerian oil executives found in the United States including an $80 million yacht the "Galactica Star.

Tillerson declares his nostalgia for old oil life

Istanbul - US Secretary of State Rex Tillerson, the former chief executive of Exxon Mobil, expressed nostalgia for his former life as an oilman while picking up an industry award in Istanbul on Sunday.

Russian court frees two over fatal Total boss jet crash

Moscow - A Russian court on Friday freed on amnesty two men accused of causing the death of the head of French oil giant Total in 2014 when his jet crashed on takeoff from a Moscow airport.

Total to sign Iran gas deal, biggest since sanctions lifted

Tehran - French energy giant Total will finally sign its multi-billion-dollar agreement to develop an Iranian offshore gas field on Monday, the oil ministry said, in the biggest foreign deal since sanctions were eased last year.

Pakistan marks grim Eid after oil tanker inferno kills 153

Bahawalpur - Pakistan began Eid in mourning Monday as the death toll from an oil tanker explosion rose to 153, with scores more injured after they were caught in a fireball while scooping up spilt fuel.

139 dead, more than 100 injured in Pakistan oil tanker fire

Multan - An overturned oil tanker exploded in a huge fireball in Pakistan Sunday, killing at least 139 people and injuring scores as crowds scavenging for fuel ignored warnings to stay clear, officials and witnesses said.
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Half Moon Caye  Belize. Notice the white beaches and clear blue water.
Half Moon Caye, Belize. Notice the white beaches and clear blue water.
anoldent from Asheville, NC,
The Athabasca Oil Sands  Alberta Canada.
The Athabasca Oil Sands, Alberta Canada.
A Common Guillemot
A Common Guillemot
Boaworm
Kurdistan Region - Iraq
Kurdistan Region - Iraq
Adam Jones, Ph.D.
Much of the oil sands production is located near the Athabasca River.
Much of the oil sands production is located near the Athabasca River.
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
Manatee s seen in Kings Bay
Manatee's seen in Kings Bay
Using a process called hydraulic fracturing or  fracking   toxic chemicals and methane gas seep into...
Using a process called hydraulic fracturing or "fracking," toxic chemicals and methane gas seep into our drinking water.
Link TV
Swan Hill: Oil and Gas Industry
Swan Hill: Oil and Gas Industry
File photo: AlbertaFirst.com
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.
The TransAlaska Pipeline carries oil from Prudhoe Bay on the North Slope to Valdez  Alaska.
The TransAlaska Pipeline carries oil from Prudhoe Bay on the North Slope to Valdez, Alaska.
Ryan McFarland from Petersburg, AK
DISASTER: Boats equipped with water cannons fight the devastating fire at the Deepwater Horizon dril...
DISASTER: Boats equipped with water cannons fight the devastating fire at the Deepwater Horizon drilling platform in the Gulf of Mexico in 2010.
U.S. Coast Guard/Wikimedia Commons
Fuel barrels
Fuel barrels
Trevor MacInnis
Dry sand from tarsands production.
Dry sand from tarsands production.
The new ship and the world s largest  The Prelude
The new ship and the world's largest, The Prelude
Shell Oil
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
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)
Drawing shows how sound from the seabed is bounced back to hydrophone.
Drawing shows how sound from the seabed is bounced back to hydrophone.
NMANewsDirect
Untitled
YouTube screen capture
Public understanding of the difference between Beach advisory and beach closure can make the differe...
Public understanding of the difference between Beach advisory and beach closure can make the difference of whether beach rentals stay in business or fold.