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Dublin: 16 °C Friday 14 August, 2020

#Oil

From TheJournal.ie Council hopes to restore water supply after shut off in Limerick Limerick

Council hopes to restore water supply after shut off in Limerick

Some 1,500 households in Askeaton, Foynes, Shanagolden, Creeves and surrounding areas have had their water supply shut off overnight.

From TheJournal.ie Chinese premier stresses need to keep Hormuz open Energy

Chinese premier stresses need to keep Hormuz open

Major customer of Iranian oil and gas China stressed the importance of keeping the Strait of Hormuz open – amid threats by Iran to shut the strategic waterway.

From TheJournal.ie UK: Europe will adopt sanctions on Iranian oil Iran

UK: Europe will adopt sanctions on Iranian oil

The British Foreign Secretary says he believes the EU will agree on tough new sanctions against Tehran’s oil sector later this month.

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

The 9 at 9: Sunday

Nine things to know on this Sunday morning…

From TheJournal.ie EU gears up for Iranian oil ban over nuclear dispute Oil

EU gears up for Iranian oil ban over nuclear dispute

The move will build pressure on Iran, which is already facing a currency crisis and a tense naval standoff with the US.

From TheJournal.ie Iran tests surface-to-air missile Iran

Iran tests surface-to-air missile

The country says it performed the test today – amid reports it is a drill for closing waterway should the West block Iran’s oil sales.

From TheJournal.ie Drilling thrives 18 months after BP oil spill Oil

Drilling thrives 18 months after BP oil spill

The first new drilling began in the region in March of this year – and is thriving even after the disastrous BP oil spill.

From TheJournal.ie Brazil sues oil giant $10.6bn for spill Brazil

Brazil sues oil giant $10.6bn for spill

Chevron is being sued for $10.6 billion over the spillage of almost 3,000 barrels of crude oil of the coast of Rio de Janeiro.

From TheJournal.ie Explosion strikes major Syrian oil line: report Syria

Explosion strikes major Syrian oil line: report

The domestic supply pipeline carries around 140,000 barrels of oil a day.

From TheJournal.ie US Senate unanimously backs sanctions on Iran Iran

US Senate unanimously backs sanctions on Iran

The US Senate agreed to impose new sanctions on Iran by penalising foreign institutions doing business with the Iranian Central Bank.

From TheJournal.ie EU agrees new Iran sanctions - but no oil embargo Iran

EU agrees new Iran sanctions - but no oil embargo

Today’s sanctions follow increasing tensions between EU members and Iran after Britain’s embassy in Tehran was attacked on Tuesday.

From TheJournal.ie BP sees huge Q3 profits, announces 'turning point' BP

BP sees huge Q3 profits, announces 'turning point'

The oil giant’s chief executive has said Q3 results mark a turnaround from the disastrous Gulf of Mexico oil spill.

From TheJournal.ie Column: For now, Ireland’s oil reserves are best off in private hands Opinion

Column: For now, Ireland’s oil reserves are best off in private hands

Yes, our oil resources are rich – but the cost of exploiting them means we’re better off leaving it to commercial firms, writes Simon Tuohy.

From TheJournal.ie Take 5: Monday Take 5

Take 5: Monday

5 minutes, 5 stories, 5 o’clock.

From TheJournal.ie 13 licences granted for fuel exploration off Irish coast Energy

13 licences granted for fuel exploration off Irish coast

Some 13 new licences for oil and gas exploration off the Irish coast have been granted, the Minister for Energy has confirmed.

From TheJournal.ie $4 billion paid to BP over Gulf of Mexico oil spill Oil Spill

$4 billion paid to BP over Gulf of Mexico oil spill

Anadarko Petroleum Co has agreed to pay $4 billion to BP PLC as part of a settlement related to last year’s Gulf of Mexico oil spill.

From TheJournal.ie Arab League to discuss suspending Syria Syria

Arab League to discuss suspending Syria

Officials have called an emergency meeting to discuss putting more pressure on Syria’s government to end its bloody crackdown on anti-regime protesters.

From TheJournal.ie Asian markets fall on Greek debt fears as eurozone inflation hits 3 per cent Markets

Asian markets fall on Greek debt fears as eurozone inflation hits 3 per cent

The eurozone inflation jump suggests the ECB may hold off on cutting interest rates this week.

From TheJournal.ie Clontarf Energy secures exploration licences in Peru Oil

Clontarf Energy secures exploration licences in Peru

Clontarf Energy has confirmed that it won two licences for hydrocarbon exploration onshore Peru.

From TheJournal.ie Libyan oil wells back in production for first time since outbreak of war Oil

Libyan oil wells back in production for first time since outbreak of war

However the flow of gas supplies may not resume for another month.

From TheJournal.ie Cameron and Sarkozy visit Libya Libya

Cameron and Sarkozy visit Libya

The leaders of France and Britain are travelling to Libya today to welcome country’s new rulers – however fighting is still continuing between NTC forces and Gaddafi loyalists.

From TheJournal.ie EU bans Syrian oil as Assad's crackdown continues Syria

EU bans Syrian oil as Assad's crackdown continues

However, existing contracts can continue to be filled until mid-November.

From TheJournal.ie Oil prices step back up after dipping on Libyan rebel advances Oil Prices

Oil prices step back up after dipping on Libyan rebel advances

As the rebel push for Tripoli stalls and Gaddafi remains elusive, analysts fear it will take longer to get Libyan oil production back on track.

From TheJournal.ie Apple (briefly) becomes the world's most valuable company Big Apple

Apple (briefly) becomes the world's most valuable company

Apple is now worth 39 times as much as it was ten years ago – and yesterday overtook ExxonMobil as the biggest cheese.

From TheJournal.ie All eyes on the Fed as choppy markets make small gains Markets

All eyes on the Fed as choppy markets make small gains

Markets in New York are recording tentative gains as the Federal Reserve meets to discuss potential action.

From TheJournal.ie Is this the bottom? Europe reverses early losses as markets turn green The End Is Nigh

Is this the bottom? Europe reverses early losses as markets turn green

European stock markets opened with more losses, but are moving upward again as traders expect a strong US opening.

From TheJournal.ie Market turmoil should make heating oil cheaper for Christmas Silver Lining

Market turmoil should make heating oil cheaper for Christmas

Investors are so panicked that the price of oil – which usually does well in choppy markets – is falling dramatically.

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

The 9 at 9: Tuesday

Nine things to know this morning…

From TheJournal.ie Ryanair's profits hold steady as revenue takes off Ryanair

Ryanair's profits hold steady as revenue takes off

The airline’s after-tax profit is up by around 1 per cent, but its revenue is up 29 per cent as fares also go upward.

From TheJournal.ie Greenpeace prevented from posting protest pictures on Twitter and Facebook Denied

Greenpeace prevented from posting protest pictures on Twitter and Facebook

Activists occupied the headquarters of an energy company in Edinburgh on Monday.

From TheJournal.ie Bord Gáis to announce large hikes in electricity and gas prices Bord Gais

Bord Gáis to announce large hikes in electricity and gas prices

The increases will push average household bills up by more than €300 a year, according to reports.

From TheJournal.ie Hugo Chavez returns to Venezuela after Cuban cancer treatment Venezuala

Hugo Chavez returns to Venezuela after Cuban cancer treatment

The Venezuelan president arrives home after four weeks in Cuba, where he underwent emergency surgery.

From TheJournal.ie Crude oil spills into Yellowstone River after pipe rupture Oil Spill This post contains images

Crude oil spills into Yellowstone River after pipe rupture

Hundreds of barrels worth of oil flood 25 miles downstream in Montana river as ExxonMobile pipeline springs leak beneath riverbed.

From TheJournal.ie Take 5: Monday Take 5

Take 5: Monday

5 minutes, 5 stories, 5 o’clock

From TheJournal.ie A 'case study in mismanagement' - Irish oil company's view of Shell at Corrib Corrib

A 'case study in mismanagement' - Irish oil company's view of Shell at Corrib

Petrel Resources wants to drill for oil off the south west coast of Ireland. The company’s MD says resistance from local people and “crackpots” is something that “has to be managed”.

From TheJournal.ie Every little helps: Tesco cuts 1.5 cent off litre of petrol Petrol Prices

Every little helps: Tesco cuts 1.5 cent off litre of petrol

The cut was in response to a fall in global oil prices.

From TheJournal.ie Question marks over health of Venezuela's president Hugo Chavez Remote Control?

Question marks over health of Venezuela's president Hugo Chavez

Just who is pulling the strings in South America’s largest oil producer, while Hugo Chavez recovers from surgery in Cuba?

On yer bike: What's the deal with naked cycling?

“It’s a floppy, lumpy hilarious event,” according to one participant.

From TheJournal.ie The Daily Fix: Tuesday The Daily Fix

The Daily Fix: Tuesday

All the day’s news, and the bits and pieces you may have missed…

From TheJournal.ie NATO oil tanker explosion kills 15 in northwestern Pakistan Pakistan

NATO oil tanker explosion kills 15 in northwestern Pakistan

After catching fire, the tanker blaze eased and locals tried to take the tanker’s fuel only for a blast to go off and kill 15 people, wounding at least one.