Tuesday, 11 February 2025

Focus on Oil

Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOil

FTC set to greenlight Chevron’s $53 billion buy of oil rival Hess: sources

The FTC is set to approve Chevron's $53 billion Hess acquisition, with Exxon’s challenge on Guyana assets as the final hurdle.

FILE PHOTO: A worker climbs up to the next level of Chevron's Petronius oil platform, located 100 miles (161 km) off the coast of New Orleans, in the Gulf of Mexico June 3, 2008. REUTERS/Jessica Rinaldi/File photo
BusinessClimateNewsOilWeather

Oil firms evacuating US Gulf of Mexico staff as hurricane threat rises

U.S. oil firms evacuate Gulf of Mexico platforms as a potential major hurricane threatens offshore production.

California Attorney General Rob Bonta announces a lawsuit against oil giant Exxon Mobil over its alleged role in global plastic waste pollution, during a press conference event at Climate Week in New York City, U.S., September 23, 2024. REUTERS/Shannon Stapleton
BusinessCourtsEmissionsEnvironmentHydrogenNatural GasNewsOilPoliticsRegulations

California sues Exxon over global plastic pollution

California has filed a lawsuit against oil giant Exxon Mobil over its alleged role in global plastic waste pollution, its attorney general announced...

Jordi Zonneveld poses for a portrait at Plug Power where they produce green hydrogen in Alphen aan den Rijn, Netherlands, Friday, June 16, 2023. (AP Photo/Peter Dejong)
BusinessClimateEmissionsEnvironmentHydrogenNatural GasOil

Dad concerned about climate change shifts company away from oil and gas — towards green hydrogen

Jordi Zonneveld transitioned from oil and gas to green hydrogen, leading Frames Group's pivot towards clean energy innovation.

FILE PHOTO: Tanker trucks are seen among oil tankers docked at the port of Tuxpan, in Veracruz state, Mexico April 22, 2020. REUTERS/Oscar Martinez/File Photo
AnalysisBusinessFinanceFuelIn-DepthOil

Global refiners face profit slump as new plants come online

Oil refiners in Asia, Europe and the United States are facing a drop in profitability to multi-year lows, following big returns post-pandemic

The decision was announced last week (PA)
EconomyNewsOilPoliticsRegulations

Govt not ‘sleepwalking’ over Grangemouth refinery: UK’s Starmer

Prime Minister Starmer denies his government is "sleepwalking" into "industrial devastation" amid the announced closure of Grangemouth.

A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/File Photo
BusinessNewsOilPoliticsTrade

Shell faces delay in German refinery stake sale, sources say

Shell's German refinery sale held up by third party lawsuits, including by Russian majority shareholder Rosneft.

FILE PHOTO: A man cycles past a chimney giving off emissions in an industrial area of Singapore January 5, 2016. REUTERS/Tim Wimborne/File Photo
BusinessClimateEmissionsFuelIndustryNatural GasNewsOil

Upstream electrification can cut oil and gas production emissions by more than 80%, report says

Researchers say fully electrified oil rigs and other fossil fuel assets emit 86% less carbon dioxide per barrel.

Pumpjacks draw out oil and gas from a well heads as wildfire smoke hangs in the air near Calgary, Alta., on Sunday, May 12, 2024. Oil and gas production hikes and rebounding air travel put a drag on Canada's climate progress last year, but a new report says the country was still able to make a modest cut to its planet-warming emissions. THE CANADIAN PRESS/Jeff McIntosh
AviationEmissionsIndustryNatural GasNewsOil

Canada makes small emissions cut in 2023, but must ramp up to hit key targets: report

New estimates published by a leading climate policy institute show Canada cut emissions by about one per cent last year compared to 2022.

'This price must be paid': Activist Daniel has been assaulted and prosecuted (AFP)
AgricultureAnalysisBiodiversityEnvironmentIndigenousMiningOilPoliticsResiliency

Three activists risking their lives for the planet

Three activists face violence opposing wildcat gold mining in Ecuador, illegal shrimp farming in Indonesia, and oil in Uganda.

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