Saturday, 23 November 2024

Focus on Oil

FILE PHOTO: A man walks past the logo of Gazprombank during the Saint Petersburg international gas forum in Saint Petersburg, Russia September 15, 2022. REUTERS/Anton Vaganov/File photo
EconomyFuelLegislationNatural GasNewsOilPoliticsTrade

New U.S. sanctions probably spell end of EU energy payments through Russia’s Gazprombank

"EU payments for energy resources through Gazprombank will likely become impossible at the end of 2024," analysts say.

FILE PHOTO: Liberty Oilfield Services Inc. CEO Chris Wright rings a ceremonial bell to celebrate the company's IPO on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 12, 2018.  REUTERS/Lucas Jackson/File Photo
ClimateEconomyElectionsElectricityEmissionsFuelGeothermalNatural GasNewsOilPoliticsSmall Modular ReactorsSolarWind

Trump energy pick wrote ESG report hailing oil, gas, downplaying climate worry

Chris Wright, President-elect Donald Trump's pick to lead the energy department, believes fossil fuels are the key to ending world poverty.

Indigenous leaders from the Wampis Nation in Peru, Tsanim Evaristo Wajai Asamat, left, and Pamuk Teofilo Kukush Pati, pose inside the Westminster Hall in London, Thursday, Nov. 21, 2024. (AP Photo/Kin Cheung)
BiodiversityBusinessClimateClimate FinanceEnvironmentFuelIndigenousNewsOilPolitics

Indigenous leaders travel to UK from Peru to draw attention to oil damage and banking

In the last decade, there were 89 leaks from the Petroperu pipeline running through the Amazon Rainforest.

FILE - A jogger runs in front of the Phillips 66 refinery, July 16, 2014, in the Wilmington area of Los Angeles. (AP Photo/Mark J. Terrill, File)
CourtsEmissionsEnvironmentLegislationNewsOilRegulations

Oil company Phillips 66 faces federal charges related to alleged Clean Water Act violations

Phillips 66 indicted for Clean Water Act violations, accused of dumping oily wastewater from its Carson refinery into LA sewers.

FILE PHOTO: Exxon Mobil’s new headquarters are seen under construction in Georgetown, Guyana, February 18, 2024. REUTERS/Sabrina Valle/File Photo
BusinessCarbon ManagementNatural GasNewsOil

Exxon Mobil pulls out of talks with Guyana over shallow water oil block

Exxon exits Guyana talks on shallow-water block S8, citing plans for carbon capture; Hess and CNOOC’s involvement remains unclear.

Indian Prime Minister Narendra Modi greets people holding Indian flags as he arrives in Guyana on November 19, 2024 (Prensa Pesidencial Guyana)
BusinessEconomyNewsOilRegulationsTrade

Indian PM Modi highlights interest in Guyana’s oil

India seeks oil from Guyana, citing rising energy needs, as the two nations sign agreements on energy, agriculture, and defense cooperation.

Members of the Ottawa Fire Service and Ottawa Police Service discuss how to remove chains that link Greenpeace protester Keith Stewart, right, to a trailer after protesters were arrested for taking part in a sit-in styled protest calling for greater climate change awareness by Conservative Leader Pierre Poilievre outside of Stornoway, the official residence of the country's official opposition, in Ottawa, on Thursday, Nov. 21, 2024. THE CANADIAN PRESS/Spencer Colby
ClimateCourtsEmissionsEnvironmentLegislationNatural GasNewsOilPoliticsRegulations

Climate protesters arrested outside Pierre Poilievre’s official residence in Ottawa

Two Greenpeace activists were arrested after blocking Pierre Poilievre’s Ottawa residence with a replica oil pumpjack, police report.

FILE PHOTO: The logo of American multinational oil and gas corporation ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
ChemicalsCourtsIndustryNewsOilPolitics

Exxon goes forward with $200-million expansion of Texas plants

California filed a lawsuit against Exxon alleging the company was deliberately misleading the public about the limitations of recycling.

COP30 in Brazil will be the third consecutive year the UN's top climate talks have been held in a country that plans to expand domestic production of fossil fuels (AFP)
AnalysisClimateClimate FinanceCoalEmissionsEnvironmentIndigenousNatural GasOilPoliticsRegulationsUnited Nations

Brazil will not ‘shy away’ from fossil fuels as COP30 host: envoy

Brazil, host of COP30, won’t shy away from leading global talks on fossil fuel phaseout, despite being a major oil producer.

A view shows the ExxonMobil oil refinery in Port-Jerome-sur-Seine, France.
BiofuelsEmissionsNatural GasNewsOilSustainable Aviation Fuel

Oil majors are betting big on biofuels with over 40 projects by 2030, Rystad says

Major oil and gas companies plan 43 biofuel projects by 2030, boosting SAF production to cut emissions.

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