Wednesday, 30 July 2025

Focus on Oil

FILE - In this photo made with an Optical Gas Imaging thermal camera, a plume of heat from a flare burning off methane and other hydrocarbons is detected in the background next to an oil pumpjack as a cow walks through a field in the Permian Basin in Jal, N.M., Oct. 14, 2021. (AP Photo/David Goldman, File)
ClimateEmissionsEnvironmentFuelNatural GasNewsOil

Harmful gas billowing from Texas and New Mexico comes mostly from smaller leaks, researchers say

The most productive oil and gas region in the world emits huge amounts of powerful greenhouse gas.

Vermilion Energy Inc. raised its dividend as it outlined a capital spending plan of $600 million to $625 million for 2025. The corporate logo of Vermilion Energy Inc. is shown. THE CANADIAN PRESS/HO
BusinessFinanceFuelNatural GasNewsOil

Vermilion Energy raises dividend, plans $600M-$625M capital spending for 2025

The company will pay a quarterly dividend of 13 cents per share, up from 12 cents per share.

Gold production shot up from 13 to 51 tonnes between 2012 and 2023 (AFP)
AnalysisCritical MineralsFuelMineralsMiningNatural GasNewsOil

Ivory Coast wants bigger share of its mining boom

Huge deposits of natural resources — including oil, gas and gold — have pushed the country's economy in a new direction.

FILE PHOTO: Australia's Woodside Energy Group's exhibition booth is seen at the World Gas Conference 2022 in Daegu, South Korea May 23, 2022. REUTERS/Florence Tan/File Photo
BusinessFuelNatural GasNewsOil

Chevron, Woodside in Western Australia LNG asset swap deal

Australian energy giant Woodside Energy is exiting the $34 billion Wheatstone LNG project.

FILE - Youth plaintiffs in the Held v. Montana climate case leave the Montana Supreme Court, on July 10, 2024, in Helena, Mont. (Thom Bridge/Independent Record via AP, File)
CourtsEmissionsNatural GasNewsOilPoliticsUtilities

Global warming can’t be ignored, Montana’s top court says, upholding landmark climate case

Montana's top court found a policy that prevented the state from considering the effect of GHGs in issuing permits for fossil fuel projects...

Volunteers work to clean up spilled oil on the shoreline following an incident involving two tankers damaged in a storm in the Kerch Strait, during an emergency response operation in the Black Sea resort of Anapa, Russia, in this picture released December 18, 2024. Anapa Mayor's Office/Handout via REUTERS
BusinessClimateEmissionsEnvironmentFuelMaritimeNewsOilPoliticsRegulations

‘Oil is everywhere’: Russians tackle Black Sea spill

Around 4,000 volunteers have been cleaning beaches near the resort city of Anapa from the spill from two tankers damaged by a storm...

FILE PHOTO: LNG tanks are pictured at Tokyo Gas's LNG terminal in Sodegaura, Chiba Prefecture, Japan November 18, 2024. REUTERS/Kim Kyung-Hoon/File Photo
BusinessClimateCoalEconomyEmissionsEnvironmentInfrastructureNatural GasNewsOilPoliticsRegulationsUnited NationsUtilities

Japan’s draft climate strategy spurs calls for bolder cuts in carbon emissions

Japan's draft plan targets a 60 per cent cut in emissions by 2035, but experts call for deeper reductions to meet climate goals.

FILE PHOTO: An OPEC flag is seen on the day of OPEC+ meeting in Vienna  in Vienna, Austria October 5, 2022. REUTERS/Lisa Leutner/File Photo
BusinessEconomyNewsOilPoliticsTrade

OPEC+ wary of renewed US oil output rise under Trump, sources say

OPEC+ is concerned about rising U.S. oil output with Trump's return, fearing it will erode their market share and impact prices.

FILE PHOTO: A missile is launched during an exercise of the Islamic Revolutionary Guards Corps (IRGC) navy in the south of Iran, in this picture obtained on January 17, 2023. IRGC/WANA (West Asia News Agency)/Handout via REUTERS/File Photo
BusinessNewsOilPoliticsTrade

Iran’s Revolutionary Guards extend control over Tehran’s oil exports, sources say

Iran's Revolutionary Guards have tightened their grip on the country's oil industry and control up to half the exports of Iranian oil.

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