OIL - SATURN DAILY

US leadership role in Middle East facing deep challenges

Mar 18, 2023 (AFP)

Beijing's persuading archrivals Riyadh and Tehran to reestablish diplomatic relations upstaged the United States just as Washington appears powerless to interve...

NATO, EU chiefs tour Norway gas platform

Mar 17, 2023 (AFP)

The European Union turned to Norway for gas last year as it scrambled to reduce its dependence on Russia after Moscow invaded Ukraine and cut deliveries to EU n...

Push for carbon-free hydrogen accelerates in US

Mar 16, 2023 (AFP)

"America came from nowhere and now they're in the lead," Mark Hutchinson, CEO of Fortescue Future Industries, said of America's ascent in renewable energy in ge...

Blinken says China's brokering of Iran-Saudi accord 'good thing'

Mar 15, 2023 (AFP)

"From our perspective, anything that can help reduce tensions, avoid conflict and deter in any way dangerous and destabilising actions by Iran is a good thing,"...

Switching to hydrogen fuel could prolong the methane problem

Mar 14, 2023 (SPX)

This is because hydrogen gas easily reacts in the atmosphere with the same molecule primarily responsible for breaking down methane, a potent greenhouse gas. If...

Lawsuit filed in bid to halt Alaska oil drilling project

Mar 14, 2023 (AFP)

The Interior Department gave the green light on Monday to US energy giant ConocoPhillips to drill for oil at three sites in the federally owned National Petrole...

UAE's ADNOC Gas to start trading in $2.5bn IPO

Mar 13, 2023 (AFP)

Shares in ADNOC Gas, which only became operational at the start of this year, were heavily oversubscribed even after the offering was expanded from 4.0 to 5.0 p...

Biden administration approves controversial Alaska oil drilling project

Mar 13, 2023 (AFP)

The Interior Department gave the green light to US energy giant ConocoPhillips to drill for oil at three sites in the federally owned National Petroleum Reserve...

UAE's ADNOC Gas shares surge 19% in $2.5bn IPO

Mar 13, 2023 (AFP)

ADNOC Gas, a subsidiary of state-owned energy giant Abu Dhabi National Oil Company (ADNOC), closed at 2.82 dirhams ($0.77) after opening at 2.37 and briefly hit...

Iraq seeks fiscal stability with 3-year budget

Mar 13, 2023 (AFP)

The bill, sent to parliament for approval, will include financial aid to 600,000 families in a bid to "lower the poverty rate", Prime Minister Mohammed Shia al-...

US welcomes Iran-Saudi deal, but voices skepticism

Mar 10, 2023 (AFP)

White House National Security Council spokesman John Kirby said "we welcome" the diplomatic deal if, for example, it leads to peace in Yemen where the two regio...

US firm bids to stop contested DR Congo oil auction

Mar 09, 2023 (AFP)

In July, the Democratic Republic of Congo opened bidding for 27 oil blocks, arguing that exploiting its fossil resources was an economic imperative for the impo...

Germany plans 2024 oil and gas boiler ban

Mar 09, 2023 (AFP)

The planned change in household heating was "urgent", Economy Minister Robert Habeck told reporters at a press conference. Germany had to "catch up in a short t...

UN makes 'major breakthrough' to prevent Yemen oil spill disaster

Mar 09, 2023 (AFP)

In an unusual step for a UN agency, the UN Development Program said it signed a contract to purchase a crude carrier from major tanker company Euronav that will...

To drill or not to drill: Biden to make decision on Alaska oil project

Mar 09, 2023 (AFP)

With the decision imminent, environmentalists have ramped up pressure on the White House, urging Biden to live up to the climate change pledges he made during h...

Nord Stream sabotage 'not our activity': Ukraine defence minister

Mar 08, 2023 (AFP)

"This is not our activity," Defence Minister Oleksiy Reznikov told reporters in Stockholm ahead of a meeting with EU defence ministers, in response to a report ...

UAE's ADNOC Gas to raise $2.5bn in world-leading IPO

Mar 03, 2023 (AFP)

The ADNOC Gas offering was set at 2.37 dirhams ($0.65) per share, towards the top of its range, implying a market capitalisation of about $50 billion, the compa...

French court dismisses case against TotalEnergies E. Africa oil project

Feb 28, 2023 (AFP)

It was the first case of its kind in France, and activists had hoped it would set a legal precedent to halt projects deemed harmful to the environment and human...

Curse or blessing? In Uganda, oil project gets mixed reviews

Feb 27, 2023 (AFP)

Wide tarmac roads have replaced dirt tracks, a modern airstrip has been laid, and fancy hotels and shops have sprung up around the national wildlife park where ...

Kazakhstan backs China's Ukraine plan before Blinken visit

Feb 25, 2023 (AFP)

Kazakhstan's foreign ministry said it welcomed China's position "on the political settlement of the Ukraine crisis". In a statement, the ministry said the propo...