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Dublin: 21 °C Wednesday 12 August, 2020

#Oil

From TheJournal.ie New oil discovery by Statoil in North Sea Oil Discovery

New oil discovery by Statoil in North Sea

Between 140 million to 270 million barrels of recoverable oil equivalents have been discovered by the Norwegian company.

From TheJournal.ie Venezuela refinery explosion death toll rises to 24 Venezuela This post contains videos

Venezuela refinery explosion death toll rises to 24

Huge clouds of smoke were seen over the refinery this morning after early morning blast believed to have been caused by gas leak.

From TheJournal.ie Venezuela oil refinery explosion kills 19, injures dozens Venezuela This post contains videos

Venezuela oil refinery explosion kills 19, injures dozens

Explosion was casued by a gas leak, according to the oil minister.

From TheJournal.ie Exports down as port and shipping volumes fall Exports

Exports down as port and shipping volumes fall

The Irish Maritime Development Office said it expects little improvement in manufacturing orders across Europe for the rest of the year.

From TheJournal.ie The 5 at 5: Wednesday Take 5

The 5 at 5: Wednesday

5 minutes, 5 stories, 5 o’clock…

From TheJournal.ie Another oil or gas discovery off the west Cork coast? Drilling

Another oil or gas discovery off the west Cork coast?

Exploration company Providence has said that there is significant potential in one of its licence areas in the Porcupine Basin.

From TheJournal.ie Major Chevron refinery fire forces San Francisco Bay residents indoors US This post contains videos

Major Chevron refinery fire forces San Francisco Bay residents indoors

One refinery worker sustained minor injuries after fire broke out at Chevron plant in Richmond yesterday evening.

From TheJournal.ie Cork oil estimates trebled to over 1.6 billion Drill Baby Drill

Cork oil estimates trebled to over 1.6 billion

Providence Resources has said that between 1 and 1.61 billion barrels of oil are in place at the Barryroe field.

From TheJournal.ie Iraq blacklists Chevron over oil deal with Kurds Oil

Iraq blacklists Chevron over oil deal with Kurds

Iraq says it won’t do any deals with the US oil giant until it terminates work with the Kurds.

From TheJournal.ie Explosion shuts down pipeline bringing oil from Iraq to world markets Oil

Explosion shuts down pipeline bringing oil from Iraq to world markets

An explosion and fire have affected two pipelines which carry about 25 million tons of crude oil a year.

From TheJournal.ie Revenue uncovers oil laundering plant in Co Monaghan Laundering

Revenue uncovers oil laundering plant in Co Monaghan

The plant was operating when gardaí searched the premises, and represented a potential loss to the Exchequer of around €7.5m per year.

From TheJournal.ie Iran prepares for 'war games' as sanctions take effect Sanctions

Iran prepares for 'war games' as sanctions take effect

Three-day drill starts days after EU and US imposed new sanctions.

From TheJournal.ie Regulator announces €3million fines for fracking safety breaches Fracking

Regulator announces €3million fines for fracking safety breaches

Companies engaged in any potential fracking will face stiff penalties including jail if they do not comply with regulations.

From TheJournal.ie Oil price dips on poor US jobs and China economy reports Oil

Oil price dips on poor US jobs and China economy reports

Purchasing manager survey data from India, China, the US and the eurozone also impacted on oil today.

From TheJournal.ie Price of oil could double in a decade, warns IMF paper Futureshock

Price of oil could double in a decade, warns IMF paper

A working paper commissioned by the IMF says previous trends in oil prices point to a major surge in costs by 2022.

From TheJournal.ie Report calls for 'clear and transparent' policies on Irish gas and oil Exploration This post contains videos

Report calls for 'clear and transparent' policies on Irish gas and oil

Oireachtas Committee report on offshore exploration says tax on petroleum finds should be raised.

From TheJournal.ie Gallery: India's top court bans Exxon Valdez from anchoring Exxon Valdez This post contains videos This post contains images

Gallery: India's top court bans Exxon Valdez from anchoring

The Exxon Valdez disaster in 1989 saw millions of gallons of crude oil spill into Alaska’s Prince William Sound. Indian authorities say the ship is toxic.

From TheJournal.ie Oireachtas report due on Ireland's offshore oil and gas exploration Exploration

Oireachtas report due on Ireland's offshore oil and gas exploration

Joint committee recommendations to focus largely on a fair and equitable tax regime for the petroleum industry.

From TheJournal.ie No change in Bord Gáis Energy Index in April Bord Gais

No change in Bord Gáis Energy Index in April

However the index showed that there were changes in the individual commodities such as electricity, natural gas, oil and coal.

From TheJournal.ie Column: Why I'm bringing the DeLorean back - as an electric car Back To The Future

Column: Why I'm bringing the DeLorean back - as an electric car

Electricity is more readily available and cheaper than petrol, but people need to be converted to electric cars and realise that you can still get high performance from those vehicles, writes Stephen Wynne.

From TheJournal.ie Oil price dips after positive signs from Iran nuclear talks Oil

Oil price dips after positive signs from Iran nuclear talks

EU foreign policy chief says “constructive and useful” talks will continue next month in Baghdad.

From TheJournal.ie Bad news for the environment: 4 out of 5 use fossil fuels to heat homes Census 2011

Bad news for the environment: 4 out of 5 use fossil fuels to heat homes

Census 2011 found a clear urban-rural split between people using oil and natural gas to heat their homes.

From TheJournal.ie Some UK petrol stations shut after fuel panic-buying Panic At The Pumps

Some UK petrol stations shut after fuel panic-buying

The government has been blamed for the panic-buying after warning people to stock up ahead of a threatened strike by fuel tanker drivers.

From TheJournal.ie The 9 at 9: Sunday 9 At 9

The 9 at 9: Sunday

Nine things to know this morning…

From TheJournal.ie How much is the Barryroe oil find actually worth to us? Natural Resources

How much is the Barryroe oil find actually worth to us?

The Barryroe well, 50km south of Cork, is Ireland’s first commercially viable oil well. But what can Ireland get out of it?

From TheJournal.ie Gas well at Barryroe oil site is 'highly productive' Yee-haw!

Gas well at Barryroe oil site is 'highly productive'

The gas reservoir at the site of the successful oil drilling operation “far exceeded expectations”, Providence Resources says.

From TheJournal.ie Bad news for drivers: petrol and diesel prices hit record highs Uh-Oh

Bad news for drivers: petrol and diesel prices hit record highs

The average cost of one litre of petrol in Ireland is now 162.1c – and there’s no sign of the price coming down any time soon.

From TheJournal.ie Buses, oil and Facebook passwords: the week in statistics In Numbers

Buses, oil and Facebook passwords: the week in statistics

Plus: An all-time record for Irish exports, and how many of the government’s 109 TDs were in the Dáíl on Wednesday night…

From TheJournal.ie The Daily Fix: Thursday Daily Fix This post contains videos

The Daily Fix: Thursday

TheJournal.ie’s evening round-up of all the day’s main news, plus the bits and pieces you may have missed.

From TheJournal.ie The 9 at 9: Thursday 9 At 9

The 9 at 9: Thursday

Nine things to know this morning…

From TheJournal.ie Irish company successfully taps commercially viable oil well off Cork Yee-haw! This post contains videos

Irish company successfully taps commercially viable oil well off Cork

Providence Resources says the rate of oil being tapped from the Barryroe well is almost twice what had been expected.

From TheJournal.ie Medvedev orders conviction review for Russian tycoon Russia

Medvedev orders conviction review for Russian tycoon

Russian’s president has ordered a re-examination the conviction of Mikhail Khodorkovsky – whose imprisonment has been widely viewed as Kremlin punishment for his political ambitions.

From TheJournal.ie Oil prices reach highest level since 2008 after report of Saudi blast Oil

Oil prices reach highest level since 2008 after report of Saudi blast

Reports of an explosion at a Saudi pipeline – which have since been denied – sent the price of oil to its highest in years.

From TheJournal.ie Iran says it may extend oil cut to more EU countries Iran

Iran says it may extend oil cut to more EU countries

Iran halted oil shipments to Britain and France yesterday, in an apparent pre-emptive blow against the EU after it imposed sanctions on Iran’s crucial fuel exports.

From TheJournal.ie Iran halts oil exports to Britain and France Iran

Iran halts oil exports to Britain and France

The move is an apparent pre-emptive blow against the EU, which imposed sanctions on Iran’s crucial fuel exports over the country’s controversial nuclear programme.

From TheJournal.ie BP reports gains despite payments after Gulf spill BP

BP reports gains despite payments after Gulf spill

The company reports that it has raised its quarterly dividend by 14 per cent, even after making payments to compensate for the disastrous oil spill in the Gulf of Mexico.

From TheJournal.ie Concerns raised over use of fracking for 'multi-billion euro' gas reserve Fracking

Concerns raised over use of fracking for 'multi-billion euro' gas reserve

A company has said that the gas in north-west Ireland could lead to hundreds of jobs – but environmentalists have urged caution over the controversial technique.

From TheJournal.ie UN nuclear inspectors start investigation in Iran Nukes

UN nuclear inspectors start investigation in Iran

The inspectors are examining whether Iran really does have a secret atomic weapons programme, which Iran vehemently denies.

From TheJournal.ie UN nuclear watchdog to visit Iran Iran

UN nuclear watchdog to visit Iran

The IAEA says it is heading to Iran next week to clear up “outstanding substantive issues” with Tehran over its nuclear programme.

From TheJournal.ie EU agrees oil embargo against Iran over nuclear programme Sanctions

EU agrees oil embargo against Iran over nuclear programme

British Foreign Secretary William Hague said it was part of an “unprecedented set of sanctions” against Iran.