Saturday, 8 February 2025

Focus on Oil

FILE PHOTO: Storage tanks are seen at the Petroineos Ineos petrol refinery in Lavera, France, March 29, 2022. Picture taken March 29, 2022. REUTERS/Benoit Tessier/File Photo
BusinessFuelNewsOil

Oil climbs $2/barrel after Fed’s Powell indicates coming US rate cuts

Oil prices rose 1% on Friday on a softer dollar but were still set to end the week lower.

FILE PHOTO: General view of the Imperial Oil refinery, located near Enbridge's Line 5 pipeline in Sarnia, Ontario, Canada March 20, 2021.  REUTERS/Carlos Osorio/File Photo
FuelInfrastructureNewsOilPoliticsRegulationsTransmission

Alberta regulator fines Imperial Oil over tailings leak

The Alberta Energy Regulator has imposed a penalty of C$50,000 on Imperial Oil over toxic tailings leak at its Kearl oil sands mine.

FILE PHOTO: A general view of a section of a gas platform in the North Sea, June 17, 2024. Leon Neal/Pool via REUTERS/File Photo
BusinessCourtsFuelLegislationNatural GasNewsOilPoliticsRegulations

UK faces legal action over new North Sea oil and gas licences

Oceana UK is challenging Britain’s new oil and gas licenses in court, arguing they endanger marine life and conflict with net-zero goals.

FILE PHOTO: Participants observe a presentation at Halliburton's booth at the World Petroleum Congress in Houston, Texas, U.S. December 7, 2021. Picture taken December 7, 2021. REUTERS/Liz Hampton/File Photo
BusinessFuelInfrastructureNewsOil

Top US oilfield firm Halliburton hit by cyberattack

Halliburton hit by cyberattack impacting operations at its Houston campus, disrupting global networks, source says.

FILE PHOTO: A fish lies dead in oil from an oil spill on Grand Terre Island, Louisiana June 8, 2010. REUTERS/Lee Celano/File Photo
BiodiversityClimateCourtsEnvironmentFuelNatural GasNewsOilPoliticsRegulations

US must do more to protect species from Gulf of Mexico drilling: judge

District judge rules federal agency's assessment on drilling impact on endangered species as flawed, orders new review.

AnalysisCoalEconomyLabourOil

It’s (also) the economy: resilience in U.S. communities shifting from fossil fuels

Building economic resilience in U.S. fossil fuel-dependent communities is vital to the successs of the global energy transition.

FILE PHOTO: An oil field is seen in Dibis area on the outskirts of Kirkuk, Iraq October 17, 2017. REUTERS/Alaa Al-Marjani/File Photo
BusinessFuelNatural GasNewsOil

BP-Iraq deal on Kirkuk fields to use profit-sharing model

Iraq and BP have signed a preliminary deal to develop Kirkuk's oil fields on a profit-sharing basis, marking BP's return after five years.

Senegalese President Bassirou Diomaye Faye, who swept to victory in March on a promise of radical reform, has declared an audit of the oil, gas and mining sectors (AFP)
ElectionsFuelNatural GasNewsOilPoliticsTrade

Senegal sets up commission to review oil and gas deals

Prime Minister announces commission to 'rebalance' fossil fuel contracts 'in the national interest', after promises made before March election.

FILE PHOTO: Hess logo is seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOil

Hess Guyana’s secret value becomes part of Exxon arbitration, sources say

Value of Guyana oil field partly owned by Hess under scrutiny by experts as part of Exxon objection to Chevron's takeover.

FILE PHOTO: Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan/File Photo
BusinessFuelNewsOil

US West Coast refiners still waiting for TMX margin boost

Expected deliveries to West Coast US oil companies from Trans Mountain have failed to materialise, with TMX mostly exporting to Asia.

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