Oil

Home>Topics>Oil
Refine Results
  1. All
  2. Articles
  3. Online Articles
  4. Magazine Articles
  5. Videos
  6. Magazine Articles
  1. Oil and Gas: US Defense Secretary Mattis: No plan to seize Iraqi oil

    U.S. Secretary of Defense Jim Mattis, center, is greeted by U.S. Ambassador Douglas Silliman as he arrives at Baghdad International Airport on an unannounced trip Monday, Feb. 20, 2017. Mattis said Monday the United States does not intend to seize Iraqi oil, shifting away from an idea proposed by President Donald Trump that has rattled Iraq's leaders. (AP Photo/Lolita Baldor) BAGHDAD (AP) — U.S. Defense Secretary Jim Mattis said Monday the United States does not intend to seize Iraqi oil , shifting away from an idea proposed by President Donald Trump that has rattled Iraq's leaders. Mattis' arrived on an unannounced visit in Iraq as the battle to oust Islamic State militants from western Mosul moved into its second day, and as the Pentagon considers ways to accelerate the campaign against IS in Iraq and Syria. Those efforts could be complicated by Trump's oil threat and his inclusion of Iraq in the administration's travel ban — twin blows that have roiled the nation and spurred local lawmakers to pressure Prime Minister Haider al-Abadi to reduce cooperation with Washington. "I think all of us here in this room, all of us in America have generally paid for our gas and oil all along, and I'm sure that we will continue to do that in the future," Mattis told reporters traveling with him. "We're not in Iraq to seize anybody's oil." His comments may provide some reassurance to the Iraqis. But the tensions come at a critical point in the war against IS, with two key battles in the works: the fight to take control of west Mosul, and the start of a campaign in Syria to oust IS from Raqqa, the capital of its self-declared caliphate. Al-Abadi has taken a measured approach, but the issues can roil already difficult internal politics. Under the president's deadline, Mattis has just a week to send Trump a strategy to accelerate the fight and defeat the Islamic State group. And any plan is likely to depend on U.S. and coalition troops working with and through the local forces in both countries. "We're going to make certain that we've got good situational awareness of what we face as we work together and fight alongside each other," Mattis said. His key goal during the visit is to speak about the military operations with political leaders and commanders on the ground, including his top commander in Iraq, Lt. Gen. Stephen Townsend. Asked about the tensions, Mattis said he has been assured that the travel ban — it has been stalled by a legal challenge — would not affect Iraqis who have fought alongside U.S. forces. The oil issue, however, may be more difficult. Trump brought it up during the campaign, and he mentioned it again late last month during a visit to the CIA. "To the victor belong the spoils," Trump told members of the intelligence community. He said he first argued this case for "economic reasons," but added it made sense as a counterterrorism approach to defeating IS "because that's where they made their money in the first place." "So we should have kept the oil," he said. "But, OK, maybe you'll have another chance." Trump, however, has also been clear that defeating IS is a top priority. In his inauguration address, he pledged to eradicate radical Islamic terrorism "completely from the face of the Earth." And he talked during the campaign about greatly increasing the number of U.S. troops in order to "knock out" IS. He signed an order Jan. 28 that gives Mattis and senior military leaders 30 days to come up with a new plan to beef up the fight. Mattis would not discuss specifics, saying he wants to gather information first. But he has been talking with military leaders about the possible options, and has largely supported the U.S. strategy of fighting IS with and through local forces. The military options range from putting more troops in Iraq and Syria to boosting military aid to Kurdish fighters backed by the U.S.-led coalition. More specifically, officials have talked about expanding efforts to train, advise and enable local Iraqi and Syrian forces, increasing intelligence and surveillance, and allowing U.S. troops to move forward more frequently with Iraqi soldiers nearer the front lines. The Pentagon also would like more freedom to make daily decisions about how it fights the enemy. Former and current U.S. officials discussed the likely options on condition of anonymity because they weren't authorized to talk publicly. In Syria, a possible option would be sending more U.S. forces, including combat troops, there as the Raqqa fight heats up. Another move would be to provide heavy weapons and vehicles to the U.S.-backed Syrian Kurds, known as the YPG, and boost training. They have been the most effective force against IS in northern and eastern Syria, but the proposal is sensitive. Turkey, a key U.S. and NATO ally, considers the group a terrorist organization. There are more than 5,100 U.S. forces in Iraq, and up to about 500 in Syria.

    Online Articles

    Online Articles

    Tue, 21 Feb 2017

  2. Oil and Gas: Iraq says proven oil reserves rise to 153 billion barrels

    Iraq says new exploration has revealed an additional 10 billion barrels of oil , bringing its total proven reserves to 153 billion barrels.

    Online Articles

    Online Articles

    Tue, 21 Feb 2017

  3. Oil and Gas: New Mexico contemplates new powers for oil regulators

    The New Mexico Legislature may restore the state's authority to impose administrative penalties of up to $10,000 per day against oil and natural gas companies for violations of operating and environmental rules.

    Online Articles

    Online Articles

    Wed, 22 Feb 2017

  4. Oil and Gas: UAE seals deal with China's CNPC for onshore oil project

    The United Arab Emirates' main state oil company has signed a deal giving China National Petroleum Company an 8 percent stake in a major onshore oil project.

    Online Articles

    Online Articles

    Tue, 21 Feb 2017

  1. Oil and Gas: 1 killed, 3 injured in Saudi Aramco oil pipeline leak

    Online Articles

    Online Articles

    Tue, 21 Feb 2017

  2. Oil and Gas: Samson Resources appoints Joseph Mills President and CEO

    Samson Resources Corporation's second-lien creditor group has selected Joseph A. Mills as the Company's President and Chief Executive Officer, effective as of the date the oil and gas Company's global settlement joint plan of reorganization becomes effective.

    Online Articles

    Online Articles

    Wed, 22 Feb 2017

  3. Oil and Gas: Deadline looms for Dakota Access pipeline protest camp

    As dawn breaks over an encampment that was once home to thousands of people protesting the Dakota Access oil pipeline, a few hundred holdouts rise for another day of resistance.

    Online Articles

    Online Articles

    Wed, 22 Feb 2017

  4. Oil and Gas: Firefighters knock down blaze at California oil refinery

    An explosion and fire erupted Saturday at a California oil refinery, exactly two years after a blast that crippled the plant and led to higher gasoline prices, authorities said.

    Online Articles

    Online Articles

    Tue, 21 Feb 2017

  5. Oil & Gas: Modern underwater icon on permanent display

    The exhibition is the first in Europe to offer an insight into the current state-of-art technology used in the oil , gas and wind energy sectors at sea, and provides a setting for innovative courses, research and education.

    Online Articles

    Online Articles

    Tue, 21 Feb 2017

  6. Oil and Gas: ND governor, tribal leader discuss camp cleanup, evacuation

    North Dakota Gov. Doug Burgum has talked with Standing Rock Sioux Tribal Chairman Dave Archambault about efforts to clean up and vacate a camp protesting the Dakota Access oil pipeline.

    Online Articles

    Online Articles

    Wed, 22 Feb 2017

  7. Oil and Gas: ExxonMobil employees inspire girls to pursue future in engineering

    In association with its ongoing “Be an Engineer” initiative, Oil and Gas giant, ExxonMobil, is inspiring girls to explore coursework and careers in engineering through its 14th annual Introduce a Girl to Engineering Day program.

    Online Articles

    Online Articles

    Wed, 22 Feb 2017

  8. Energy Industry: Pruitt OK'd as EPA chief over environmentalists' objections

    Over the strong objections of environmental groups, the Senate confirmed Scott Pruitt to lead the Environmental Protection Agency on Friday, giving President Donald Trump an eager partner to fulfill his campaign pledge to increase the use of planet-warming fossil fuels.

    Online Articles

    Online Articles

    Tue, 21 Feb 2017

Get More Results