Companies in the oil and gas industry are taking Los Angeles to court over the city's ban on oil and gas drilling.

Legal action has been taken against the City of Los Angeles by an oil business with operations in the Wilmington area as a result of the City's statute prohibiting the construction of new wells and phasing out drilling altogether. Warren Resources, the company that runs the 10-acre oil-extrac...

Efforts to clean up the Keystone XL oil spill, the largest in the United States in over a decade, are ongoing

Crews in Kansas began cleaning up after TC Energy's Keystone pipeline spilled 14,000 barrels of oil into a stream on Friday, but the reason of the worst crude spill in the United States in over a decade remained unexplained.

TC Energy of Canada noticed the breach and shut down the i...

Russia now ranks among India's most important crude oil suppliers to the Hardeep Puri

The Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, made the statement on Friday as Prime Minister Narendra Modi and Russian President Vladimir Putin discussed their countries' bilateral ties and energy cooperation over the phone.

Puri, speaking at a press conferen...

The United States eliminates oil from Russia's Sakhalin-2 from the price restriction

Oil from Russia's Sakhalin 2 energy project bound for Japan will be exempt from a price cap imposed by the US as part of efforts to squeeze Moscow's revenues for its war in Ukraine, according to Treasury Department guidance released Tuesday.

The crude oil price ceiling, which ot...

Quarterly Profit for Exxon Hits All-Time High, Almost Equals Apple's

On Friday, Exxon Mobil Corp. reported a quarterly profit that nearly matched that of tech giant Apple, shattering analysts' forecasts thanks to rising energy prices.

With rising natural gas and oil prices, the company's net profit for the third quarter of 2018 was $19.66 billion...

Taking control of the Sakhalin 1 oil and gas project is one of Putin's latest directives

A new operator for the Exxon Mobil Corp.-led Sakhalin-1 oil and gas project in Russia's Far East was established by a decree signed by Russian President Vladimir Putin on Friday.

Putin's action, which affects Exxon's largest investment in Russia, is similar to the method he ...

Cuba requests technical support from the US for fighting an oil fire

On Friday Cuba stated that they have requested for a technical assistance from US As they have faced a devastating fire at an oil storage that left 16 fire fighters to death.

On Wednesday their held a virtual meeting between expertise from Cuba and U.s Environmental Protection Agency fo...

Mega-deals totalling more than $3.4 billion are won by ADNOC Drilling

ADNOC Offshore of the UAE has given ADNOC Drilling two contracts for more than $3.4 billion (AED 12.6 billion) to increase offshore drilling operations and hire eight jack-up rigs to increase production capacity.

These contracts are worth a combined $1.5 billion (AED 5.6 billion) and $1...

Pioneer CEO: Tax Bill Could Devastate Small-Time Oil Drillers in the U.S

More pressure will be placed on that little mom-and-pop independent, it is said.

According to one of the largest independent producers in the US, the proposed new minimum tax on businesses and fines for methane emissions, both of which are in a comprehensive package passed by the US Sen...

Europe must commit fully to diversifying its oil and gas sources

Energy-related decisions made in the past by Berlin and Brussels were terrible decisions that made Europe more reliant on Russian gas. Through this dependence, the Kremlin has been able to persuade certain countries—and occasionally the European Union (EU) as a whole—to support develo...

Environmental groups battle the Bay du Nord oil project in court and before the Norwegian public

In May, several protesters gathered in front of the Equinor offices in Newfoundland and Labrador to voice their opposition to the Bay du Nord oil project's approval.

Even after the federal government approved the Bay du Nord offshore oil project in Newfoundland months ago, environme...

Two offshore contracts worth over $3.4 billion are won by ADNOC Drilling

The Abu Dhabi National Oil Company (ADNOC) has announced the award of two contracts to ADNOC Drilling for the hiring of eight offshore jack-up rigs to boost production capacity, totalling more than $3.4 billion (AED12.6 billion).

According to a statement released by ADNOC Offshore on Th...

What I think our sector needs to do in the face of a severe and complicated problem

Business, China, Economy, Environment, Europe, European Petrochemicals, Fibre Intermediates, India, Indonesia, Innovation, Japan, Malaysia, Methanol & Derivatives, Middle East, Oil & Gas, Olefins, Philippines, Polyolefins, Singapore, South Korea, Styrenics, Sustainability, Technology, Tha...

EU representative urges for mature oil dialogue

Attilio Pacific, head of the EU delegation, is shown in front of NUP president Robert Kyagulanyi, also known as Bobi Wine, and other officials at Bobi Wine's house in Magere, Wakiso District, last year. IMAGE | FILE

Attilio Pacifici, the departing head of the European Union Delegati...

US oil producers reject requests to unlock the taps to control war-related price increases

Seattle | America's biggest oil and gas producers are limiting their output despite pleas from the Biden administration to increase production and record profits from rising fuel costs brought on by Russia's conflict in Ukraine.

As strong crude and natural gas prices fill the in...

Gas and Oil Companies Grotesque Greed Should be Taxed- UN Chief

Antonio Guterres, the Secretary-General of the UN, called governments globally to charge extra taxes on gas and oil companies and their financial backers as they had become disgustingly greedy to make excessive profits. He stated that in midst of an energy crisis, making record profits from leech...

Coral Energy of United Arab Emirates Becomes the Top Fuel Oil Supplier for Pakistan After Winning Import Tenders

In recent months, Coral Energy a Dubai-based trader has supplied the most fuel oil to Pakistan after it won tenders allowing import facilitated by Pakistan State Oil.

It was informed by a spokesman of the energy ministry in Pakistan that to fulfill the increasing requirement for oil in ...

The oil business has reported record profits while the planet is on fire

No one crisis, however serious, will be sufficient to cause this system to shut down naturally. Either we break it or it breaks us.

"The war in Ukraine has aided energy businesses by driving up oil and gas prices, which has destroyed an area of the world and uprooted millions."...

Unites States DOE to Invest 165million USD in Geothermal

The Geothermal Energy from Oil and Gas Demonstrated Engineering (GEODE) will receive 165 million USD from the U.S. Department of Energy for its initiative to leverage expertise from the gas and oil industry to fill the gaps in the knowledge and technology of geothermal energy.

Firstly a...

UAE and Saudi Arabia Can Contribute More to Oil Production

It was evaluated by Brett McGurk, the White House Middle East coordinator, who shared with think tank experts, that the United Arab Emirates and Saudi Arabia could further increase their oil production.

He further stated that after the initial steps that were taken a few weeks ago by th...