OIL

10,863 articles

China moves oil rig out of waters claimed by Vietnam
Jul 16, 2014 (AFP)
China has withdrawn an oil rig from contested waters a month earlier than initially expected after its presence set off deadly protests in Vietnam -- a move wel...
Pirates attack Malaysian tanker in South China Sea
Jul 16, 2014 (AFP)
Pirates have attacked a Malaysian tanker and stolen the gas oil cargo before releasing it in the latest attack in Southeast Asian waters, officials said on Wedn...
War-torn South Sudan gets Chinese weapons delivery
Jul 16, 2014 (AFP)
The government in civil war-torn South Sudan has taken delivery of new Chinese arms including anti-tank missiles, grenade launchers and assault rifles, the coun...
Oklahoma quakes induced by wastewater injection
Jul 11, 2014 (SPX)
The dramatic increase in earthquakes in central Oklahoma since 2009 is likely attributable to subsurface wastewater injection at just a handful of disposal well...
The Five Countries Most Plagued by Oil Theft
Jul 11, 2014 (SPX)
Nigeria: As much as 400,000 barrels of oil a day are stolen in Nigeria. This equates to losses of $1.7 billion a month for Africa's new largest economy. This re...
Halliburton in fracking joint venture in China
Jul 11, 2014 (AFP)
US oil and gas services giant Halliburton on Friday announced its first joint venture for hydraulic fracturing services in China, teaming up with private Chines...
Maverick Synfuels and Petrostar Form Maverick Northstar JV
Jul 11, 2014 (SPX)
Maverick Synfuels and Petrostar Petroleum have announced the formation of Maverick Northstar, a joint venture to facilitate the deployment and operation of gas-...
Iraq Kurds claim oilfields as bombings kill 28
Jul 11, 2014 (AFP)
Iraq's Kurdish region claimed disputed northern oilfields on Friday in another blow to efforts to forge a united front against a jihadist-led onslaught, as twin...
Gas exports, aid takes centre-stage as Abe visits PNG
Jul 10, 2014 (AFP)
Japanese Prime Minister Shinzo Abe arrived in Papua New Guinea Thursday and pledged to continue financial support for the Pacific nation, which is emerging as a...
Greenpeace blocks Chevron's Romanian shale gas site
Jul 07, 2014 (AFP)
Around 20 Greenpeace activists blocked access to a shale gas exploration site in Romania on Monday, in a third attempt to scupper the drilling operations of US ...
Germany could outlaw fracking until 2021: ministers
Jul 04, 2014 (AFP)
Germany could ban fracking until at least 2021 and strictly regulate the use of any such technology in future under policy proposals drawn up by the economy and...
Russia seeks UN ban on Syrian 'terrorist' oil sales
Jul 01, 2014 (AFP)
Russia urged UN Security Council members Monday to back a draft statement to bar crude oil sales by "terrorist groups" in Syria, including as the Islamic State ...
Caltech-led team develops a geothermometer for methane formation
Jul 01, 2014 (SPX)
Methane is a simple molecule consisting of just one carbon atom bound to four hydrogen atoms. But that simplicity belies the complex role the molecule plays on ...
Another concern arises over groundwater contamination from fracking accidents
Jun 30, 2014 (SPX)
The oil and gas extraction method known as hydraulic fracturing, or fracking, could potentially contribute more pollutants to groundwater than past research has...
Iraq jihadists 'selling oil to Assad', says France
Jun 30, 2014 (AFP)
French Foreign Minister Laurent Fabius said Monday that jihadists spearheading a militant offensive in Iraq have sold oil from captured areas to the regime of S...
Fracking flowback could pollute groundwater with heavy metals
Jun 30, 2014 (SPX)
The chemical makeup of wastewater generated by "hydrofracking" could cause the release of tiny particles in soils that often strongly bind heavy metals and poll...
Africa's oldest nature park counts on sustainability
Jun 29, 2014 (AFP)
People living in and around Africa's oldest wildlife reserve -- Virunga National Park -- threatened by armed groups and oil prospectors, are pinning their hopes...
Some Chinese workers evacuated in northern Iraq: reports
Jun 27, 2014 (AFP)
Dozens of Chinese workers have been relocated from strife-torn northern Iraq, state media said Friday, with an additional 1,200 set to depart in the coming days...
Diamonds are an oil's best friend
Jun 25, 2014 (SPX)
mixture of diamond nanoparticles and mineral oil easily outperforms other types of fluid created for heat-transfer applications, according to new research by Ri...
Russia and Serbia reaffirm need to implement South Stream project
Jun 24, 2014 (Voice of Russia)
Leaders of Russia and Serbia reaffirm the need to implement the South Stream project, the Russia's Foreign Minister Sergei Lavrov said. The agreements between M...
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