Thursday, 6 February 2025

Focus on Oil

FILE PHOTO: Galp Energia logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOil

Galp says field off Namibia could contain 10 billion barrels of oil

Portuguese company finds high potential for oil extraction after exploring Mopane field oil wells.

FILE PHOTO: A China Ocean Shipping Company (COSCO) vessel is seen near oil tanks at the China National Petroleum Corporation (CNPC)'s Dalian Petrochemical Corp in Dalian, Liaoning province, China October 15, 2019. REUTERS/Stringer/File photo
BusinessFuelNewsOil

China’s imports of Russian oil near record high in March

China's oil imports from Russia, including supplies via pipelines and sea-borne shipments, jumped 12.5% on the year to 10.81m metric tons

FILE PHOTO: The entrance to oilfield service provider SLB's office in Houston, Texas, showing the former Schlumberger's new name and logo, is seen in this handout image taken June 2023. Courtesy of SLB/Handout via REUTERS/File Photo
BusinessNewsOil

Oilfield firm SLB’s profit rises on international drilling demand

Strong oil and gas drilling demand in the Middle East and Africa helped offset weakness in North American activity

FILE - Oil makes a pattern in the waters of Chandeleur Sound, La., May 6, 2010. (AP Photo/Alex Brandon, File)
AnalysisBusinessCourtsEnvironmentIn-DepthLabourOil

BP settles boat captain’s lawsuit over injuries from Gulf oil spill cleanup

After more than a decade of litigation following the largest offshore U.S. oil spill, John Maas may well be the only person to...

An aerial view shows a flooded house in the North Kazakhstan Region, Kazakhstan April 16, 2024. REUTERS/Tamara Vaal/File Photo
NewsOilWeather

Oil-rich regions in Kazakhstan brace for floods, Siberian rivers burst

Kazakh state oil pipeline company KazTransOil said it was building protective embankments at its facilities in the region due to flooding.

AnalysisEconomyElectionsOilOpinionPoliticsTrade

Analysis: What does the return of U.S. oil sanctions on Venezuela mean for its election, and global energy markets?

Analysis by the Atlantic Council: What does the return of U.S. oil sanctions on Venezuela mean for its election, and global energy markets?

AutomotiveEconomyFuelNewsOilPoliticsTransport

White House wants to keep gas prices in current ranges: Lael Brainard

The Biden administration wants to keep gas prices within current ranges as the United States heads into its summer driving season, says White...

BiodiversityEnvironmentLegislationNatural GasNewsOilPolitics

Biden administration moves to make conservation an equal to industry on US public lands

The rule from the U.S. Interior Department's Bureau of Land Management will allow public property to be leased for restoration in the same...

BusinessEconomyNewsOilPoliticsTrade

Lower oil refinery output hits value of Russia’s Q1 exports, central bank says

Lower production at Russian oil refineries was partly to blame for the continued decline in the country's exports in the first quarter of...

AutomotiveEconomyEmissionsEnvironmentNewsOilRegulationsTransport

Drivers in Eastern Canada see gas prices spike as refineries switch to summer blends

The cost of producing summer gas is higher because butane levels are reduced to meet Canadian environmental regulations and lower emissions. 

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