Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
LoRaWAN Based Smart Industrial Waste Oil Tracking System
RAKwireless WisBlock Base Board×1RAKwireless RAK11300×1RAKwireless RAK12005×1RAKwireless RAK12030×1 WisBlock librariesThe Things Network (TTN) accountLoRaWAN activation information (AppEUI, DevEUI, AppKey) Soldering station…
TotalEnergies Buys 40% Stake in Galp's Namibia Oil Discovery
TotalEnergies SE has won the race to acquire a stake in Galp Energia SGPS SA's major offshore Namibia discovery, one of the industry's most-watched new oil prospects. TotalEnergies agreed to acquire a 40% stake in the Mopane field in exchange for…
Compute Is the New Oil
When U.S. President Donald Trump visited the Arab Gulf in May, his focus was not on Gaza, Iran, or even normalization between Israel and Saudi Arabia. Instead, it was on business deals and, above all, artificial intelligence. During the trip, Trump…
Readers sound off on Venezuela's oil, housing the homeless and charter schools
Boynton Beach, Fla.: I have a personal interest in the criminal prosecution of drug dealers. My beloved daughter passed away on July 11, 2011, from an OxyContin- and cocaine-fueled overdose. The loss leaves an irreparable wound that never heals. In…
Ship With Rosneft Oil Cargo Anchors Off China After Winding Trip
A shipment of Russian oil from US-sanctioned Rosneft PJSC has made its way to Chinese waters after a long, meandering journey that involved a rare tanker transfer off India and a brief stop near South Korea. The Fortis, carrying the cargo of around…
India free to buy oil from anyone, says Russia
'India, being and remaining a sovereign nation, carries out foreign trade operations and purchases energy resources where it is beneficial for itself,' Kremlin spokesman Dmitry Peskov told reporters in the context of last Friday's summit between…
Here's how AI could unleash a trillion more barrels of oil
AI is emerging as the oil industry's next big unlock by boosting reserves and supercharging efficiency. Why it matters: This could stabilize oil and gas prices over the long-term, but it's also raising questions about the climate impacts of such…
Oil Steady After Biggest Drop in Three Weeks With Glut in Focus
Oil steadied after the biggest drop in almost three weeks, as traders look to reports later this week for confirmation of a glut. West Texas Intermediate held near $59 a barrel after losing 2% on Monday, while Brent crude closed above $62. The US…
Former Frome councillor jailed for Just Stop Oil protest - BBC News
Image source, Frome Area Green Party A former councillor has been sentenced to more than two years in prison for his role in a Just Stop Oil protest. Michael Dunk was elected to represent the Green Party in the Frome West division of Somerset in…
Oil edges down with Ukraine peace talks, US rate decision in spotlight
OIL prices edged down on Tuesday, extending losses from the 2% drop in the previous session, with markets keeping a close eye on peace talks to end Russia's war in Ukraine and a looming decision on U.S. interest rates. Brent crude futures were down…
U.S. ambassador 'encouraged' by Carney's energy pact with Alberta, expects more oil shipments to U.S.
OTTAWA — The U.S. ambassador to Canada says he is “encouraged” by the energy deal Prime Minister Mark Carney struck with Alberta Premier Danielle Smith, saying he believes it will lead to more oil and gas production —…
Oil falls 2% as Iraqi oilfield production restored, Ukraine talks continue
HOUSTON: Oil prices slipped 2% on Monday after Iraq restored production at one of its oilfields which accounts for 0.5% of world oil supply, while investors weighed ongoing talks to end the war in Ukraine. Brent crude futures were down $1.26, or…
Celeriac soup with pumpkin seeds and chilli oil recipe
Created by Jai Shaikh, head chef at The Wolseley City, London, this creamy soup combines the rich, earthy taste of celeriac with a warming kick of chilli oil. It's a classic, easy-to-make winter warmer. 80g olive oil 80g onion, chopped 10g garlic…
G7's Russian oil tanker ban shows teeth, but bite is in doubt
THE Group of Seven's or G7's proposed plan to bar tankers from hauling Russian oil ups the ante in the West's economic stand-off with Moscow, but the ultimate bite hinges on whether governments will ratchet up punishments on those skirting…
Oil Prices Fall; Ukraine-Russia Peace Talks, Fed Meeting in Focus
0126 GMT — Oil prices fall slightly in Asian trade. Investors are monitoring ongoing talks to end the Ukraine-Russia war ahead of an expected Federal Reserve rate cut this week, says UOB's global economics and markets research team in a…
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