Oil News and Gas News
November 07, 2024
OIL AND GAS
'Drill, baby, drill': Trump policy poses risks, opportunities for oil industry



New York (AFP) Nov 6, 2024
Donald Trump's election as US president brings back a champion of the oil industry to the White House, but experts warn that his push for low prices could be at odds with petroleum companies' priorities. On the campaign trail, Trump repeatedly said he would "unleash" the US oil sector by boosting production and curbing the move towards renewable energy pushed by outgoing president Joe Biden. "We will have an administration that will work with the US oil and gas industry and not disparage them ... read more

OIL AND GAS
Iraq Kurds hope to resume oil exports after Baghdad offers higher cost payments
Arbil, Iraq (AFP) Nov 6, 2024
Authorities in Iraq's autonomous Kurdish region said Wednesday they hoped oil exports could resume "as soon as possible" after the federal government offered higher cost payments to producers. ... more
BIO FUEL
Bio-based fibers may have greater environmental impact than traditional plastics
London, UK (SPX) Nov 05, 2024
Bio-based materials, often promoted as eco-friendly replacements for conventional plastics, may present more significant risks to certain vital species than the plastic materials they aim to replace ... more
BIO FUEL
Cobalt copper tandem catalysts transform CO2 into renewable ethanol
Berlin, Germany (SPX) Nov 05, 2024
Researchers at Johannes Gutenberg University Mainz (JGU) have unveiled a pioneering approach to convert carbon dioxide (CO2) into ethanol, providing a sustainable alternative for chemical applicatio ... more
OIL AND GAS
Azerbaijan says 'God-given' oil and gas will help it go green
Baku (AFP) Nov 5, 2024
Flames soar into the air from a sandstone outcrop on a hillside on the Absheron peninsula near Baku, the capital of Azerbaijan, as it prepares to host the COP29 climate conference next week. ... more
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OIL AND GAS
Azerbaijan: a country steeped in hydrocarbons
Paris (AFP) Nov 5, 2024
Azerbaijan, host of the upcoming United Nations COP29 climate summit, is a petrostate nestled between Russia and Iran. ... more
OIL AND GAS
Canada proposes emissions cap on oil and gas sector
Ottawa (AFP) Nov 4, 2024
Canada proposed Monday establishing what it said would be one of the world's first greenhouse gas emissions cap-and-trade system for the oil and gas sector aimed at slashing pollution. ... more
OIL AND GAS
Fake X accounts promote COP hosts UAE, Azerbaijan
Paris (AFP) Nov 4, 2024
The social media platform X has for months been aflush with praise for United Arab Emirates and Azerbaijan in posts shared by hundreds of profiles - and all found to be fake. ... more
OIL AND GAS
Rwanda to stop registering petrol taxi-bikes in 2025
Kigali (AFP) Nov 4, 2024
Rwanda said Monday it will no longer register petrol-driven motorbike taxis from the new year as it seeks to transition towards electric vehicles. ... more

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OIL AND GAS
Hydrogen: A Key Element for Sustainable Aviation
Los Angeles CA (SPX) Nov 02, 2024
Efforts to reduce CO2 emissions from vehicles have seen progress with electric and hybrid technologies, yet aviation continues to be a significant greenhouse gas contributor. Researchers from ACS Su ... more
OIL AND GAS
'Waiting in vain': year on from pledge, world clings to fossil fuels
Paris (AFP) Nov 1, 2024
One year after world leaders issued the landmark call for a global move away from fossil fuels, nations are failing to turn that promise into action, say climate diplomats, campaigners and policy experts. ... more
OIL AND GAS
COP29 at risk from graft, fossil fuel interests: report
Paris (AFP) Oct 31, 2024
UN climate summits risk "being undermined by undue corporate influence and fossil fuel industry capture", two corruption watchdogs said Thursday as oil-and-gas producer Azerbaijan prepares the next global meeting. ... more
BIO FUEL
Are bioplastics really the wonder alternative to petro plastics
Paris (AFP) Oct 30, 2024
Alternatives to petrochemical-based plastics are emerging, made from everything from banana leaves to tomato skins, especially for food packaging. ... more
BIO FUEL
Advanced biodegradable plastics achieve unprecedented toughness and sustainability
Osaka, Japan (SPX) Oct 30, 2024
Efforts to build a sustainable, resource-efficient society have taken a significant step forward as Osaka University researchers introduce new, robust biodegradable plastics with advanced properties ... more
BIO FUEL
Vast and GGS Energy launch Project Bravo to power US green fuel production
Los Angeles CA (SPX) Oct 30, 2024
Vast Renewables Limited ("Vast") (Nasdaq: VSTE), a leader in concentrated solar thermal power (CSP) systems, has announced a development services agreement with GGS Energy LLC ("GGS Energy") to laun ... more
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OIL AND GAS
Report details fossil fuel threat to 'Amazon of the seas'
Cali, Colombia (AFP) Oct 26, 2024
Fossil fuel exploration is threatening an ever-expanding swath of the Coral Triangle, one of the most biodiverse marine areas in the world, a report said Saturday. ... more
OIL AND GAS
G20 affirms commitment to transition from fossil fuels
Washington (AFP) Oct 25, 2024
G20 leaders affirmed their commitment to shifting away from fossil fuels after talks this week in Washington, according to a ministerial statement released Friday. ... more
OIL AND GAS
Turkmenistan's 'Gateway to Hell' lit gas pit faces closure
Ashgabat, Turkmenistan (AFP) Oct 25, 2024
Turkmenistan said on Friday it will capture the gas fuelling its "Gateway to Hell", putting the man-made fire pit at risk of closure as the reclusive state seeks to reduce its greenhouse emissions. ... more
OIL AND GAS
Iran, Saudi plan joint military exercises: Iranian media
Tehran (AFP) Oct 22, 2024
Iran and Saudi Arabia are planning to conduct joint military exercises in the Red Sea, according to an Iranian report not confirmed by Riyadh, in what would be a first for the regional heavyweights. ... more
OIL AND GAS
Oil-rich Iraqi Kurdistan votes, shadowed by economic struggles
Arbil, Iraq (AFP) Oct 20, 2024
Iraq's Kurdistan voted on Sunday to elect a new parliament for the autonomous oil-rich region, where voters expressed concern over economic struggles and disenchantment with the political elite. ... more
OIL AND GAS
Shell pipeline oil leak in Singapore contained
Singapore (AFP) Oct 20, 2024
An oil pipeline belonging to British giant Shell began leaking into the sea on Sunday, Singaporean authorities and the company said, adding that the spill was stopped and cleanup crews deployed. ... more
OIL AND GAS
U.S. stealth bombers strike 'hardened' underground weapons sites in Houthi-run parts of Yemen
Washington DC (UPI) Oct 17, 2024
U.S. military forces hit Houthi weapons storage facilities in northwestern areas of Yemen controlled by the Iran-backed rebels overnight, targeting their ability to attack American and international shipping transiting the Red Sea, the Pentagon said. ... more
OIL AND GAS
Husker researchers assess hydrogen energy potential from ancient rift
Los Angeles CA (SPX) Oct 17, 2024
Approximately 1.1 billion years ago, the North American continent almost divided, leaving a 1,200-mile stretch of volcanic rock called the Midcontinent Rift. Scientists at the University of Nebraska ... more
BIO FUEL
Baylor engineers introduce ultra-clean biofuel combustion technology
Los Angeles CA (SPX) Oct 17, 2024
Baylor University researchers from the Cornerstone Atomization and Combustion Lab (CAC) have developed an advanced method for burning biofuels with minimal emissions. Using a new Swirl Burst (SB) in ... more
OIL AND GAS
Iowa Supreme Court mulling Summit pipeline lawsuit
Washington DC (UPI) Oct 15, 2024
The Iowa Supreme Court is weighing a decision that could uphold a pipeline company's eminent domain right to survey property without landowner permission. ... more
OIL AND GAS
Israel tells US will not hit Iran's nuclear or oil facilities: media
Washington (AFP) Oct 15, 2024
Israel has assured the White House that a planned retaliatory attack on Iran won't target nuclear or oil facilities, US media reported Monday. ... more
OIL AND GAS
Iran condemns 'illegal and unjustified' US sanctions on oil industry: ministry
Tehran (AFP) Oct 13, 2024
Iran condemned Sunday what it called an "illegal and unjustified" expansion of US sanctions targeting its oil industry following Tehran's missile attack on Israel earlier this month. ... more
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OIL AND GAS
U.S. expands sanctions on Iran's oil industry in response to Oct. 1 missile attack
Washington DC (UPI) Oct 11, 2024
The Biden administration on Friday expanded sanctions against Iran's oil and petrochemical industries in response to Tehran's Oct. 1 ballistic missile attack on Israel. ... more
OIL AND GAS
Iran oil minister visits key site after Israeli threats
Tehran (AFP) Oct 6, 2024
Iranian Oil Minister Mohsen Paknejad visited an oil facility on Kharg Island on Sunday amid growing concerns over potential Israeli air strikes targeting such vital sites. ... more
BIO FUEL
Construction of largest research facility for e-fuel production begins in Germany
Berlin, Germany (SPX) Oct 04, 2024
The German Aerospace Center (DLR) has begun construction of the world's largest facility for research into electricity-based fuels, also known as e-fuels or electrofuels. The Technology Platform for ... more
BIO FUEL
Innovative catalyst converts CO2 to methane using electricity
Berlin, Germany (SPX) Oct 04, 2024
Researchers from the University of Bonn and University of Montreal have developed a highly efficient catalyst capable of converting carbon dioxide (CO2) and water (H2O) into methane (CH4) using elec ... more
OIL AND GAS
Petrobras announces 'huge' gas discovery in Colombia
Bogota (AFP) Oct 3, 2024
Petroleum giant Petrobras announced Thursday the discovery of natural gas deposits in Colombia that could double the South American country's known reserves even as it seeks to transition away from hydrocarbons. ... more
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