Monday, 20 January 2025

Focus on Oil

FILE - Members of Campaign for a Safe and Healthy California coalition campaign for Keep The Law (SB 1137) next to the Inglewood Oil Field in Inglewood, Calif., March. 22, 2024. (AP Photo/Damian Dovarganes, File)
CourtsEconomyFuelLegislationNatural GasNewsOilPolitics

Oil field owner sues California over law that would end its Los Angeles-area operations

A California law gave local governments more authority to restrict oil and gas operations — but it now faces a legal challenge.

FILE - Pump jacks work in a field near Lovington, N.M., April 24, 2015. (AP Photo/Charlie Riedel, File)
BusinessCourtsEmissionsEnvironmentIndustryLegislationNatural GasNewsOilPoliticsRegulations

New Mexico appeals court upholds rule aimed at curbing ozone pollution

New Mexico Court of Appeals upholds regulations aimed at cracking down on emissions in one of America's top oil and gas producing states.

Members of the Unite union march and rally at the Scottish Parliament in protest at Petroineos plans to close Grangemouth oil refinery.
EconomyFuelNewsOilPolitics

Unions demand action to prevent ‘corporate decapitation’ of Scotland’s Grangemouth refinery

The Scottish and UK governments have commissioned a study that will look at options for the long-term future of the site.

FILE PHOTO: A guard walks past the Reliance Industries logo near the entrance of Dhirubhai Ambani Knowledge City in Navi Mumbai, March 15, 2024. REUTERS/Francis Mascarenhas/File Photo
BusinessFuelNatural GasNewsOil

Reliance’s US unit buys $12 million stake in helium explorer Wavetech Helium

Helium gas, a by-product of mining natural gas, is used in several green technologies.

In a bid to boost crude prices, eight members of the OPEC+ group earlier this month announced they were extending supply cuts until the end of December (Saudi Aramco)
FuelNewsOil

OPEC+ postpones meeting on oil output to December 5

The 22-member OPEC+ group led by Saudi Arabia and Russia was due to decide on its 2025 output policy on Sunday.

FILE PHOTO: The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. REUTERS/Angus Mordant//File Photo
EconomyFuelNatural GasNewsOilPoliticsTrade

Trump’s proposed tariffs on Canada would drive up pump prices, analysts warn

Trump said he would impose a 25% tariff on all imports from Canada and Mexico.

Alberta Premier Danielle Smith speaks at a press conference in Edmonton on October 31, 2024. THE CANADIAN PRESS/Jason Frans
BusinessEmissionsNatural GasNewsOilPoliticsRegulations

Industry not consulted on Alberta’s plan to challenge federal emissions cap

Danielle Smith’s surprise Sovereignty Act plans to counter a proposed federal emissions cap spark industry concerns over lack of consultation.

FILE PHOTO: United Steelworkers (USW) union members picket outside Exxon Mobil's oil refinery amid a contract dispute in Beaumont, Texas, U.S., May 1, 2021. REUTERS/Erwin Seba/File Photo
BusinessCourtsEconomyLabourNewsOilPoliticsRegulations

US labor board judge rules Exxon’s Texas refinery union lockout was legal

Exxon Mobil's 10-month lockout of 600 union workers at its Beaumont refinery was ruled legal by an NLRB judge, sparking appeals.

The Finance Bill, if passed, would raise the rate of energy (oil and gas) profits levy (Andrew Milligan/PA)
BusinessEconomyNatural GasNewsOilPoliticsRegulations

Tax rise for North Sea oil and gas could ‘kill goose that lays the golden egg’

Raising tax on North Sea oil and gas profits could “kill the goose that lays the golden egg” and threaten the transition to...

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