US-Iran tension: Exxon Mobil pulls out foreign staff from Iraqi oil field
20 May 2019 | 10:59 am
Exxon Mobil's decision to evacuate its foreign staff from a major Iraqi oil field comes amid rising tensions between the US and Iran. The US company's employees are reportedly being flown from Iraq to Dubai.
July 11, 2023
July 26, 2023
Less than a week after the Wagner Group's attempted coup, uncertainty reigns in Russia. Opponents of Vladimir Putin are considering other threats to his leadership, including the economy. The oil price is a major hitch.
In spite of an agreement struck in April to cut production of crude by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, oil prices still haven't seen a boost. In this edition, we see that concerns over global economic growth are outweighing the production cuts. Also, European space rocket Ariane 5 gears up for its final lift-off and Singaporean bank UOB makes a winning bet on Taylor Swift fans.
Fresh figures have shown the extent of the European Union's efforts to reduce its energy dependency on Russia, with Moscow accounting for just 3 percent of the bloc's oil imports in the first quarter of this year, compared to 26 percent during the same period in 2022. The EU has also moved away from Russian natural gas, relying more heavily on Norway, the UK and Algeria. This comes as the decline in Moscow's export revenues weakens its currency.
Following the receipt of credible intelligence, a Private Security Contractor engaged by NNPC Ltd., Messrs. Tantita Security Services, intercepted a suspicious Vessel with a Cargo of Crude oil on board on July 7, 2023.
Angola is rich in crude oil but has to import the fuel it needs. A new refinery could change that.
The UN says it has begun an operation to pump 1 million barrels of oil from a rusting supertanker off Yemen's coast, hoping to avoid an environmental disaster that could devastate local ecosystems and major ports.
The UN said over 1 million barrels of oil have been removed from the tanker, off Yemen's Red Sea coast. For years, the UN and other organizations had sounded the alarm over the dangers surrounding the corroding vessel.
Youth plaintiffs have won a rare victory against a US state government for promoting climate-killing fossil fuels. A tsunami of climate-related lawsuits are set to follow.
Find these stories and much more when you grab a copy of The Guardian on Thursday.
Ecuadorians have said 'no' to oil extraction in a portion of the Amazon, one of the world's most biodiverse regions, in a referendum hailed as a historic example of climate democracy.
Afghanistan's hard-line Taliban rulers have prevented women scholarship recipients from flying to the United Arab Emirates to continue their studies. Their sponsor, a businessman from Dubai, is not giving up.
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The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has called on African countries to take urgent action to end poverty and mismanagement of natural resources if they want to earn the respect of the global community. Adesina made the remarks while delivering his speech titled “For the world to respect Africa” at the 40th anniversary of the Guardian newspaper in Lagos.
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The death toll from floods in northern Tanzania following torrential rains this weekend has risen to 63, the prime minister said on Monday, adding to hundreds of other deaths caused by extreme weather in East Africa since seasonal rains began in October.
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At COP28 in Dubai, German Chancellor Olaf Scholz called for a phase out of fossil fuels, the US announced $3 billion in new climate funding and France pushed for nuclear energy as a way to reduce emissions.
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South Korea has been ramping up its surveillance capabilities in order to gain a strategic edge over North Korea. The move comes after North Korea launched a satellite of its own in violation of UN resolutions.
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Early drafts of the COP28 agreement refer to the "phasedown/out" of fossil fuels, which are responsible for most climate emissions. The final wording will likely be disputed. What's the difference — and does it matter?
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Britain and Rwanda have inked a new treaty aimed at rescuing failed plans for the UK to deport asylum-seekers. A top court ruling had blocked the policy, saying it violated human rights laws enshrined in UK legislation.
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