Monday, 20 January 2025

Focus on Oil

Vehicles pass in front of an Exxon service station in Bethesda, Maryland, U.S., November 25, 2024. Picture taken with long exposure. REUTERS/Raphael Satter/File Photo
BusinessFuelLiquefied Petroleum GasNatural GasNewsOil

Exxon weighs sale of Singapore fuel stations for $1 billion, Bloomberg News reports

The sale could help Exxon fund higher-growth projects, with energy firms and investment funds showing early interest.

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
BusinessCarbon ManagementNatural GasNewsOilRegulations

Exxon talks continue on shallow-water block in Guyana auction, company says

Exxon, Hess, and CNOOC continue talks with Guyana on shallow-water block S8 amid earlier auction withdrawal confusion.

Workers facing redundancy at Grangemouth oil refinery have the ‘sought-after skills’ to work on improving Scotland’s electricity networks, ScottishPower has said (Gareth Fuller/PA)
BusinessEconomyElectricityLabourNewsOilPolitics

Grangemouth workers have ‘sought-after skills’ for power grid work, says ScottishPower

ScottishPower seeks skilled workers from Grangemouth refinery and ISG layoffs for 1,000 jobs in Scotland's grid upgrade.

FILE PHOTO: Republican presidential nominee and former U.S. President Donald Trump looks on during a press conference at Trump Tower in New York City, U.S., September 6, 2024. REUTERS/David Dee Delgado/File Photo
AnalysisBusinessEconomyOilPoliticsRegulationsTrade

Trump’s low oil price promise is a risk and a boon for emerging markets

Trump’s pledge to halve energy costs sparks hope for oil importers but threatens fiscal turmoil for producers reliant on exports.

Jan Mayen Vent Fields on the Arctic Mid-Oceanic Ridge. University of Bergen/Handout via REUTERS
Critical MineralsEnvironmentFuelNatural GasNewsOilPolitics

Norway to stop deep-sea mining, says party supporting minority government

Until now, Norway, with its vast hydrocarbon reserves, led the global race to mine ocean floor metals.

From left, Tony Agotha, Special Envoy for Climate and Environment Diplomacy of European External Action Service, Sivendra Michael, Permanent Secretary for Environment and Climate Change of Fiji, Juan Carlos Monterrey, head of Panama's delegation, Andrew Yatilman, Secretary of the Department of Environment, Climate Change, and Emergency Management of Micronesia, and Olga Givernet, French Delegate Minister for Energy, attend a press conference at the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution in Busan, South Korea, Friday, Nov. 29, 2024. (AP Photo/Ahn Young-joon)
ClimateEmissionsEnvironmentNewsOilPoliticsUnited Nations

Negotiators get closer to agreeing on a plastic pollution treaty

Some plastic-producing and oil and gas countries, including Saudi Arabia, vigorously oppose including plastic production in the treaty.

ElectricityFuelNatural GasNewsOilSolarWind

Donald Trump’s call for ‘energy dominance’ is likely to run into real-world limits

Trump has pledged to “drill, drill, drill" and sell more oil and other energy sources to allies in Europe and around the globe.

FILE PHOTO: Canada's Minister of Energy and Natural Resources Jonathan Wilkinson speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada September 24, 2024. REUTERS/Blair Gable/File Photo
FuelNewsOilPoliticsTrade

Ottawa must ensure Trump understands importance of Canadian oil to US, minister says

Analysts say tariffs on oil from Canada, top crude supplier to the United States, would drive up fuel prices for Americans.

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