Tuesday, 11 February 2025

Focus on Oil

FILE PHOTO: An aerial view of the Deer Park Manufacturing Complex is seen in Deer Park, Texas, U.S. August 31, 2017. REUTERS/Adrees Latif/File Photo
BusinessIndustryInfrastructureNatural GasNewsOilRegulationsTransmission

Bodies recovered after deadly Texas refinery incident, says Pemex CEO

Bodies of victims of the chemical leak at Deer Park refinery have been recovered and an investigation into the incident launched.

Toronto city council has taken a step toward banning misleading fossil fuel advertising on city property, building on recent federal anti-greenwashing rules and a similar proposal approved by the city's transit agency.The Toronto sign in Nathan Phillips Square is shown at city hall in Toronto on Thursday, Sept. 30, 2021. THE CANADIAN PRESS/Evan Buhler
ClimateElectric Vehicles (EVs)EmissionsIndustryInfrastructureLegislationNatural GasNewsOilPoliticsRegulations

Toronto takes step toward ban on misleading fossil fuel ads, following TTC move

Toronto moves toward banning misleading fossil fuel ads on city property, aligning with federal anti-greenwashing regulations.

Tall sign showing BP logo.
BusinessElectric Vehicles (EVs)FuelNewsOil

BP’s refining business sees lower margins as global oil demand stalls

BP follows Shell in reporting a drop in margins after the companies’ refining businesses suffered a downturn in global demand.

O'Reilly Oilfield Services Ltd. has been fined $90,000 after pleading guilty to one count of failing to protect the health and safety of workers under its supervision. Pumpjacks are shown near Hardisty, Alta., on June 20, 2007. THE CANADIAN PRESS/Larry MacDougal
BusinessCourtsLabourNatural GasNewsOilRegulations

Alberta company fined after worker severely burned in 2021 oil and gas site fire

O'Reilly Oilfield has been fined $90,000 after pleading guilty to one count of failing to protect workers under its supervision.

BusinessClimate FinanceEmissionsFinanceNatural GasNewsOilPoliticsRegulations

Canada moves ahead with sustainable investing guidelines, but details still scarce

Canada's government is rolling out green taxonomies, meant to attract more investment for emissions-reducing projects.

FILE PHOTO: The logo of energy technology company Siemens Energy is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessLiquefied Petroleum GasNewsOilRegulations

Siemens files lawsuit in Texas against Citgo Petroleum parent

Siemens Energy sues Citgo's parent, PDV Holding, for $200M over a Venezuelan promissory note default amid Citgo share auction.

FILE PHOTO: The Lloyd's of London building is reflected in a window in the City of London financial district in London, Britain, February 1, 2018. REUTERS/Simon Dawson//File Photo
BusinessClimateClimate FinanceEconomyEmissionsEmissions MarketsNatural GasNewsOilPoliticsRegulationsTrade

Lloyd’s of London must stop supporting fossil fuel expansion, says NGO

The Lloyd's of London market is undermining climate action and should impose binding rules to prevent insurers supporting fossil fuel expansion, NGO Reclaim...

FILE - Flames and smoke rise from the Philadelphia Energy Solutions Refining Complex in Philadelphia, June 21, 2019. (AP Photo/Matt Rourke, File)
BusinessNewsOilRegulations

EPA reaches $4.2M settlement over 2019 explosion, fire at major Philadelphia refinery

The EPA reaches a $4.2M settlement with a refinery firm after a 2019 explosion in Philadelphia; public comments await final approval.

Indian Oil Corp Ltd logo is seen displayed in this illustration taken, April 10, 2023. REUTERS/Dado Ruvic/Illustration/ File Photo
BusinessEconomyNewsOilRegulationsTrade

Trader Vitol sells Venezuelan oil to Indian refiners, sources say

Indian refiners buy two million barrels of Venezuelan crude for November delivery, resuming imports amid U.S. sanctions relief.

FILE PHOTO: The BP logo is seen at a BP gas station in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/File Photo
BusinessCourtsNatural GasNewsOil

Arbitration rules in favour of BP as sole buyer of Kosmos Energy’s Senegal LNG project

Kosmos Energy is barred from third-party LNG sales in the GTA project after a Paris arbitrator ruled in favor of BP.

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