Oil News and Gas News
July 31, 2025
OIL AND GAS
Shell net profit retreats on lower energy prices



London (AFP) July 31, 2025
British energy giant Shell on Thursday said its net profit slid 23 percent in the first six months of the year, hit by lower oil and gas prices. Profit after tax dropped to $8.4 billion compared with $10.9 billion in the first half of 2024, Shell said in an earnings statement. Group revenue dropped nearly nine percent to $136.6 billion in the reporting period. Shell pointed to "lower realised liquids and gas prices", while chief executive Wael Sawan said the company had been operating "in a ... read more

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OIL AND GAS
New Zealand reverses ban on offshore oil and gas exploration
Wellington (AFP) July 31, 2025
New Zealand's government voted Thursday to open the country for new oil and gas exploration, reversing a ban put in place under former prime minister Jacinda Ardern. ... more
BIO FUEL
Electron beam recycling turns heat resistant plastics into valuable gases
Tokyo, Japan (SPX) Jul 30, 2025
A team at Japan's National Institutes for Quantum Science and Technology (QST) has developed a method to recycle the durable plastic polytetrafluoroethylene (PTFE) using electron beam (EB) irradiati ... more
OIL AND GAS
Norwegian cousins battle over oil, climate policy
Oslo (AFP) July 30, 2025
As teenagers in Norway, Andreas Bjelland Eriksen and his younger cousin Vebjorn Bjelland Berg survived a mass shooting together - a trauma that united them. ... more
OIL AND GAS
Fossil-fuel pledge in EU-Trump deal sparks climate fears
Brussels, Belgium (AFP) July 29, 2025
The EU is promising colossal new US fossil fuel purchases under its trade deal with President Donald Trump, raising concerns for the bloc's climate fight - should the mammoth pledges come true. ... more
BIO FUEL
Electron beam method converts Teflon waste into reusable gases
Tokyo, Japan (SPX) Jul 25, 2025
Researchers at the National Institutes for Quantum Science and Technology (QST) have developed a method to convert polytetrafluoroethylene (PTFE), better known as Teflon, into gas using electron bea ... more
OIL AND GAS
Top court takes aim at fossil fuels in sweeping ruling
Paris (AFP) July 24, 2025
An historic climate ruling by the world's highest court could make it legally riskier for fossil fuel companies to do business and embolden lawsuits against oil and gas expansion, experts say. ... more
OIL AND GAS
US Treasury chief says China talks could cover Iran, Russia oil buys
Washington (AFP) July 21, 2025
The next round of US-China talks could include Chinese purchases of Russian and Iranian oil, US Treasury Secretary Scott Bessent said Monday, a move that would shift the focus of trade negotiations into national security issues. ... more
OIL AND GAS
U.N. report cites 'flagrant' violations by Russia and North Korea
Washington DC (UPI) Jul 17, 2025
Russian and North Korean officials violated U.N. resolutions regarding arms, troops and refined petroleum shipments throughout 2024 and beyond, a U.N. report says. ... more

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OIL AND GAS
Baghdad and Arbil agree to resume Kurdish oil exports: government
Baghdad (AFP) July 17, 2025
The Iraqi government announced Thursday an agreement to resume crude exports from the autonomous Kurdistan region after a more than two-year halt and amid drone attacks on oil fields. ... more
OIL AND GAS
Drone hits oil field in Iraq's Kurdistan for second day
Arbil, Iraq (AFP) July 17, 2025
A drone loaded with explosives struck an oil field in Iraq's northern Kurdistan region on Thursday, Kurdish forces said - the second attack in two days on the Norwegian-operated site. ... more
OIL AND GAS
New drone attacks hit three oil fields in northern Iraq: Kurdish forces
Arbil, Iraq (AFP) July 16, 2025
Explosive-laden drones hit three oil fields in Iraq's northern autonomous Kurdistan region early Wednesday, Kurdish forces said, a day after a similar attack shut operations at a US-run field. ... more
OIL AND GAS
Drone attacks hit three north Iraq oil fields: Kurds
Arbil, Iraq (AFP) July 16, 2025
Explosive-laden drones hit three oil fields in Iraq's autonomous Kurdistan region on Wednesday, Kurdish authorities said, a day after a similar attack halted operations at a US-run field. ... more
OIL AND GAS
Drone attack shuts US-run oil field in Iraqi Kurdistan
Arbil, Iraq (AFP) July 15, 2025
A drone strike on Tuesday forced a US company to suspend operations at an oil field in Iraq's Kurdistan, the latest in a string of attacks targeting the autonomous region's energy facilities. ... more
OIL AND GAS
OPEC says no peak to oil demand before 2050
Paris (AFP) July 10, 2025
The OPEC oil cartel said Thursday that demand for crude will continue to expand through at least 2050, calling efforts to rapidly shift away from fossil fuels an unworkable fantasy. ... more
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OIL AND GAS
US senator warns of fossil fuel coup, economic reckoning
Washington (AFP) July 9, 2025
One of the US Senate's leading climate advocates says President Donald Trump's administration no longer governs - it "occupies" the nation on behalf of Big Oil. ... more
OIL AND GAS
Pioneering membrane-free electrolysis to unlock industrial scale green hydrogen
Paris, France (SPX) Jul 08, 2025
A recent review in Nature Reviews Clean Technology outlines, for the first time, a scalable roadmap for decoupled water electrolysis (DWE) technologies aimed at producing green hydrogen at industria ... more
OIL AND GAS
OPEC+ to boost crude oil production in August
Washington DC (UPI) Jul 5, 2025
Eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in August. ... more
OIL AND GAS
Ecuador suspends oil exports after pipeline shutdown
Quito (AFP) July 4, 2025
Ecuador has suspended its oil exports after shutting down its two main pipelines due to damage from torrential rains in the Amazon region, the chief of state oil company Petroecuador said Thursday. ... more
OIL AND GAS
Drilling for water in Venezuela's parched oil town
Maracaibo, Venezuela (AFP) June 28, 2025
In Venezuela's oil capital of Maracaibo, a drilling frenzy has led to dozens of new wells - but the valuable liquid being pumped out is just water, not petroleum. ... more
OIL AND GAS
Trump says China can continue to buy Iranian oil
Aboard Air Force One (AFP) June 24, 2025
China can continue to buy Iranian oil, US President Donald Trump said Tuesday in what appeared to be relief for Tehran from sanctions Washington has previously imposed to punish the trade. ... more
OIL AND GAS
Blackout at refinery highlights Venezuela's oil industry crisis
Washington DC (UPI) Jun 25, 2025
The Cardon refinery, Venezuela's second-largest with a capacity of 310,000 barrels per day, shut down after a power outage halted all operations. State oil company PDVSA tried to resolve the issue by transferring equipment from the nearby Amuay refinery. ... more
BIO FUEL
Italy fines oil giant Eni over bioplastic market abuse
Rome (AFP) June 24, 2025
Italy's competition watchdog said Tuesday it has fined oil giant Eni and its plastics unit Novamont some 32 million euros ($37 for abuse of a dominant market position in plastic bag production. ... more
OIL AND GAS
Britain, U.S. warn Iran against Strait of Hormuz blockade
Washington DC (UPI) Jun 23, 2025
Britain cautioned Iran Monday that attempts to block the Strait of Hormuz or to strike at American military facilities in the Middle East could lead to escalation, even as Israel continued its strikes on Iran. ... more
OIL AND GAS
US urges China to keep Iran from shutting key trade route
Washington (AFP) June 23, 2025
US Secretary of State Marco Rubio urged China Sunday to help deter Iran from shutting down the Strait of Hormuz, a crucial trade route, following American strikes on Iranian nuclear sites. ... more
OIL AND GAS
Asian countries most vulnerable to Strait of Hormuz blockade
Tokyo (AFP) June 23, 2025
Around 84 percent of oil passing through the Strait of Hormuz is destined for Asia, leaving the economies of China, India, South Korea and others vulnerable should Iran blockade the crucial trading route over US strikes on its nuclear sites. ... more
OIL AND GAS
Nigerian monarch wants $12 bn for clean-up before Shell exit
Lagos (AFP) June 20, 2025
An influential traditional chief in Nigeria's oil-rich Niger Delta on Friday demanded that Shell pay $12 billion for environmental pollution before it leaves the region. ... more
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Greenpeace warns of 'potential disaster' after oil spill off UAE
Beirut, Lebanon (AFP) June 19, 2025
Greenpeace on Thursday warned that an oil spill resulting from a tanker collision off the coast of the United Arab Emirates could have grave environmental consequences, after authorities reported a "small" slick. ... more
BIO FUEL
Acid vapor boosts durability of carbon dioxide-to-fuel devices
Los Angeles CA (SPX) Jun 17, 2025
A research team at Rice University has developed a simple yet effective method to dramatically extend the life of electrochemical systems that convert carbon dioxide into fuels and industrial chemic ... more
OIL AND GAS
Brazil sells rights to oil blocks near Amazon river mouth
Rio De Janeiro, Brazil (AFP) June 17, 2025
Brazil sold extraction rights to 19 oil and gas blocks near the mouth of the Amazon river Tuesday, at an auction slammed by environmentalists months before the country is to host a UN climate summit. ... more
OIL AND GAS
Global oil demand to dip in 2030, first drop since Covid: IEA
Paris (AFP) June 17, 2025
Global oil demand will fall slightly in 2030, its first drop since the 2020 Covid pandemic, the International Energy Agency said Tuesday. ... more
OIL AND GAS
Ecuador pipeline burst stops flow of crude
Quito (AFP) June 17, 2025
Ecuador's state energy company said it stopped pumping oil through the country's main pipeline Monday due to a rupture in a section running through the Amazon. ... more
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