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The Latest Breaking News from Oil

Saudi Arabia Finances $319 Million Infrastructure Project in Oman

Saudi Arabia and Oman announced on Wednesday that they signed 13 investment MoUs between the their private and public sectors with a value exceeding one billion riyals ($266.6 million). Fields covered by the agreements include oil and petrochemical storage, renewable energy and green hydrogen, mining investment, logistics and transportation, entrepreneurship,…

Asharq Al-Awsat

Nearly 14,000 Nigerians take Shell to court over devastating impact of pollution

People from Niger delta areas of Ogale and Bille seeking justice in London’s high court

The Guardian - UK

Major palm oil companies broke their promise on No Deforestation – recovery is needed

Despite a 2013 pledge by major palm oil firms to maintain environmentally friendly operations, a recent report by environmental group Earthqualizer revealed that more than 440,000 hectares of forest and peat land (roughly three times the size of London) have been cleared for oil plantation in Indonesia between 2016 and…

The Conversation

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Biden administration recommends major Alaska oil project

The Biden administration has issued a long-awaited study that recommends allowing a major oil development on Alaska’s North Slope

The Independent UK

Outrage as US government advances $8bn Alaska oil drilling plan

Interior department report recommends scaled-back version of ConocoPhillips’ Willow project despite Biden campaign pledge

The Guardian - US

Innobic launches two nutritional products

Innobic (Asia), the life science arm of national oil and gas conglomerate PTT Plc, continues to team up with university scholars and researchers to grow its food supplement business, launching two new nutritional products.

Bangkok Post

Company that wants to build oilfield dump in East Texas gave $53,750 in campaign donations to regulators

McBride Operating LLC and its owner, Joseph McBride, contributed to the political campaigns of the three commissioners on the Texas Railroad Commission now considering his request.

The Texas Tribune

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The world’s oldest fossils or oily gunk? New research suggests these 3.5 billion-year-old rocks don’t contain signs of life

The Pilbara region of Western Australia is home to one of the most ancient surviving pieces of Earth’s crust, which has been geologically unchanged since its creation some 3.5 billion years ago.

The Conversation

Home of Ukrainian oil tycoon raided in anti-corruption purge

Ukraine is taking a hard line against corruption as it continues talks to join the European Union.

Al Jazeera

Norway urged to step up Ukraine support after profiting from war

Norwegian campaigners and luminaries say Oslo must do more after earning billions in extra oil and gas revenue

The Guardian - UK

The future must use less energy and have more of the things that really matter

We need to reduce our energy consumption and embrace 'degrowth’, in which we redesign the economy to put human and environmental wellbeing at its centre, writes Dr Catherine Knight

Newsroom.co.nz

Total's contested oil projects in Africa: The case of Uganda and Tanzania

In the Lake Albert region, in northwestern Uganda, TotalEnergies plans to extract large quantities of oil buried deep in the ground. Work has already started. Backhoe loaders are digging the soil across the savannah. At the top of the embankments of red earth designed to diminish the noise of machines,…

Radio France Internationale

In Congo, activists look to Pope to boost forest protections

Local climate activists in Congo are hoping Pope Francis’ visit will help spur action to protect the country’s rainforest from oil and gas interests

The Independent UK

Silverstone track invasion was as safe as possible, says Just Stop Oil protester

Louis McKechnie denied allegations that the group’s sit-down protest during the Grand Prix created a serious risk of harm to drivers and marshals.

The Independent UK

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The Guardian - US

Shell’s actual spending on renewables is fraction of what it claims, group alleges

Non-profit group Global Witness urges US regulator to investigate oil giant and potentially impose fines over apparent ‘mislabeling’

Daily Record

Greenpeace activist from Girvan spearheads climate change protest on board massive Shell oil platform in the Atlantic Ocean

Climbing specialist and Greenpeace activist, Imogen Michel, led a team of four onto the giant oil platform on Tuesday - and they plan to stage their protest for as long as possible.

The Independent UK

Viral TikTok shows what happens when you accidentally drop an iPhone into boiling oil

The device appears to be more than splash and water resistant

Daily Mirror

Kate Middleton swears by £19.99 rosehip oil that helps 'reduce wrinkles & scars'

If it's good enough for a Princess, it's good enough for us!

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Reuters

Factbox-Nigeria election 2023: what you need to know and what's at stake

Voters in Africa's biggest economy and most populous nation head to the polls on Saturday to elect a new president and lawmakers, in what is set to be a close contest amid rising frustration over cash and fuel shortages, unprecedented insecurity and surging inflation.

Asharq Al-Awsat

Saudi Economy Grows 8.7%

Saudi Arabia registered an 8.7% economic growth in 2022, the General Authority for Statistics (GASTAT) said on Tuesday. The real GDP of the Kingdom during the fourth quarter of 2022 grew by 5.4 percent, compared to the same period in 2021. “This increase in GDP was a result of the…

France 24

ExxonMobil rakes in record net profits in 2022, leading to backlash

US oil company ExxonMobil recorded a net profit of $56 billion last year, beating its previous 2008 record. It benefitted from a surge in prices following the Russian invasion of Ukraine and a cost-cutting drive during the pandemic. The White House has called these profits "outrageous", leading to further calls…

Asharq Al-Awsat

Saudi TAQA Completes Acquiring 100% of Mansoori Petroleum Services

The Industrialization and Energy Service Company (TAQA) announced the closure of its 100 percent acquisition of al-Mansoori Petroleum Services, expanding TAQA Well Solutions business internationally. The acquisition is funded by a capital increase led by TAQA's existing significant shareholders. The investment brings to TAQA a long-established, well-diversified MENA-based business with…

Insider UK

'Urgent action needed' to help firms accelerate low carbon energy shift

Industry body calls on government to provide a stable regulatory and fiscal framework

Asharq Al-Awsat

OPEC Oil Output Falls as Iraqi Exports Decline

OPEC oil output fell in January, a Reuters survey found on Tuesday, as Iraqi exports declined and Nigerian output did not recover further while Gulf members maintained strong compliance with an OPEC+ deal on production cuts to support the market. The Organization of the Petroleum Exporting Countries (OPEC) pumped 28.87…

The Independent UK

Three delicious dinners to cook for under £1

One Pound Chef Miguel Barclay shows us how to cook up a storm – with a cult-classic Spanish wine – for half the price of a takeaway

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