In March 1980, the Alexander Kielland oil platform capsized in the North Sea after a support brace snapped from a cracked weld that engineers had already flagged as weak. Within 30 minutes, the ...

The Caspian Pipeline Consortium, which handles most of Kazakhstan’s crude exports through Russia to the Black Sea, said its office in Novorossiysk was damaged in a drone strike. There was no damage to ...

Sept 22 (Reuters) - Iraq's federal and Kurdish regional governments reached a deal with oil firms to resume crude exports via Turkey on Monday, two oil officials told Reuters. The breakthrough will ...

When President Donald Trump took office, he promised to “unleash American energy” — and quickly left no doubt that he meant fossil fuel energy in particular. “We believe we are at a tipping point for ...

MIDLAND, Texas — Redemption Oilfield Services, based in Midland, is leading the way in recycling discarded plastic poly pipe used in the oil and gas industry. What might look like rusted junk to most ...

ISLAMABAD – Pakistan exported over 1.4 million tonnes of furnace oil during the fiscal year ending June 30, 2025, as local demand for the fuel continued to decline sharply. The exports included 1.3 ...

ISLAMABAD: Independent Power Producers (IPPs) have warned the government that proposed levies on furnace oil could significantly raise electricity generation costs and disrupt refinery operations. In ...

ISLAMABAD – The Oil Companies Advisory Council (OCAC) has warned that proposed carbon and petroleum levies on furnace oil could force local refineries to shut down due to soaring operational costs.

ISLAMABAD: The government is set to impose Petroleum Levy (PL) of Rs 77 per litre (Rs 82,077 per metric ton) on furnace oil starting July 1, 2025, following the enactment of amendments to the ...