Sunday, 19 January 2025

Focus on Oil

US President Joe Biden, seen here at the White House on January 5, 2025, said he was putting the protections in place for the sake of future generations (AFP)
BusinessEconomyInfrastructureNatural GasNewsOilPoliticsRegulations

Biden issues major coastal protection before Trump handover

Biden bans new offshore drilling in most U.S. coastal waters, aiming to safeguard coasts before Trump's presidency.

An offshore oil rig is seen as a group of people help clean the beach in Huntington Beach, California, U.S., November 14, 2024.  REUTERS/Mike Blake
ClimateLegislationNatural GasNewsOilPolitics

Biden to ban offshore oil, gas drilling in vast areas ahead of Trump term

U.S. President Biden will ban new oil and gas projects on most U.S. coasts, a move Trump may struggle to reverse.

In this photo taken from video released by Russian Emergency Ministry Press Service on Saturday, Jan. 4, 2025, rescuers and volunteers work to clean up tons of fuel oil that spilled out of two storm-stricken tankers more than two weeks ago in the Kerch Strait, in Russia's southern Krasnodar region. (Russian Emergency Ministry Press Service via AP)
EnvironmentFuelNewsOil

Russia-appointed officials in Crimea declare emergency as oil spill reaches Sevastopol

Russia-occupied Crimea declares emergency after oil is detected on the peninsula's largest city.

FILE PHOTO: A volunteer works to clear spilled oil on the coastline following an incident involving two tankers damaged in a storm in the Kerch Strait, in the settlement of Blagoveshchenskaya near the Black Sea resort of Anapa in the Krasnodar region, Russia December 21, 2024. REUTERS/Sergey Pivovarov/File Photo
EnvironmentNewsOilWeather

Russia clears beaches after Black Sea oil spill, declares emergency in Crimea

The oil leaked from two ageing tankers that were hit by a storm on Dec. 15.

FILE PHOTO: U.S. President Joe Biden delivers remarks on securing 235 judicial confirmations, at the White House in Washington, U.S., January 2, 2025. REUTERS/Kevin Lamarque/File Photo
LegislationNatural GasNewsOil

Biden to ban new oil drilling over vast areas of US Atlantic, Pacific waters

The ban, set to be announced Monday, prohibits selling drilling rights in parts of the Atlantic, Pacific, and eastern Gulf of Mexico.

FILE - A small tractor clears water from a business as flood waters block a street, July 12, 2023, in Barre, Vt. (AP Photo/Charles Krupa, File)
BusinessClimateLegislationNatural GasNewsOil

US Chamber, oil industry sue Vermont over law requiring companies to pay for climate change damage

The U.S. Chamber of Commerce and a top oil trade group are suing Vermont over its new climate change law.

FILE PHOTO: A drone view of cars driving along a road near snow on the ground in Twin Bridges, California, U.S. January 2, 2025.  REUTERS/Fred Greaves/File Photo
BusinessClimateElectricityEnvironmentInfrastructureNatural GasNewsOilResiliencyTransmissionUtilitiesWeather

US winter storms could cause power outages, cut natgas supplies

Freezing weather may cause power outages and peak natural gas demand, with supply drops expected due to freeze-offs.

Turbines like these off the coast of Wales are expected to help wind power become Britain's largest source of electricity in 2025 (AFP)
ClimateCoalEconomyElectricityEmissionsEnvironmentNatural GasNewsNuclear PowerOilRegulationsResiliencySolarUtilitiesWind

UK, Germany electricity cleanest on record in 2024

Renewable energy like wind and solar accounted for 59 per cent of production in Germany, while in Britain it stood at 45 per...

Norway is a major supplier of energy to the UK (Andrew Milligan/PA)
FuelNewsOilPoliticsTrade

Fact check: The US is the UK’s biggest foreign oil supplier

A popular — and inaccurate — post on social media made inaccurate claims about UK and Norwegian access to oil in the North...

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