Friday, 7 February 2025

Focus on Oil

FILE PHOTO: The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020.  REUTERS/Adrees Latif/File Photo
EconomyNewsOilPolitics

US speeds up purchasing for Strategic Petroleum Reserve as oil prices dip

The Biden administration in 2022 announced a record sale of 180 million barrels from the SPR after Russia's invasion of Ukraine. The move...

FILE PHOTO: General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed/File Photo
BusinessFinanceFuelNewsOilPoliticsTrade

Saudi Arabia set to raise $11.2bn in Aramco lower priced share offer

Saudi Arabia is poised to raise more than $11.2bn from its secondary offering of oil giant Aramco's lower priced shares

FILE PHOTO: A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023. REUTERS/Bing Guan/File Photo
BusinessEconomyFuelNewsOilPolitics

Texas startup hopes 4th time’s a charm to build first big US oil refinery since 1977

Element Fuels Holdings, a Dallas-area startup proposing to build the first all-new U.S. oil refinery in nearly 50 years, says it is relaunching...

A flare stack lights the sky from an oil refinery in Edmonton on Friday December 28, 2018. Executives of some of Canada's largest oil and gas companies are expected to testify before a parliamentary committee Thursday about their efforts to reduce their sector's greenhouse gas emissions.  THE CANADIAN PRESS/Jason Frans
BusinessCarbon ManagementEmissionsFuelNatural GasNewsOilPoliticsWeather

Canadian oil and gas CEOs testify before Commons environment committee

Canada's federal government has proposed a legislated cap on emissions from the oil and gas sector, something the industry opposes.

FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015.  REUTERS/Nick Oxford/File Photo
BusinessFinanceFuelLiquefied Natural GasLiquefied Petroleum GasNewsOil

How Devon Energy missed out on the US oil and gas mega-deal wave

US oil and gas producer Devon Energy has lost bids in the last 12 months because its shares were spurned as acquisition currency

ductor of an electric passenger bus calls to attract attention of the travelers in Kathmandu, Nepal, Wednesday, May 22, 2024. Nepal's abundant hydroelectric power is helping the Himalayan nation cut its oil imports and clean up its air, thanks to a boom in sales of electric vehicles. (AP Photo/Niranjan Shrestha)
AutomotiveClimateElectric Vehicles (EVs)ElectricityEmissionsHydropowerNewsOilTransport

EV sales boom in Nepal, helping to save on oil imports, alleviate smog

Nepal’s hydroelectric power is helping the Himalayan nation cut oil imports and clean up its air, thanks to a boom in EV sales

Arctic Sunrise being boarded by armed Russian officials in 2013 (BBC/Curve Media/Greenpeace/PA)
NewsOilPolitics

‘Arctic 30’ protest curbed region’s oil rush, activists say as documentary airs

Greenpeace activists say their protest against Russian drilling in the Arctic in 2013 helped curb the “oil rush” in the region, as a...

FILE - A person cools off in a mister along the Las Vegas Strip, Tuesday, June 4, 2024, in Las Vegas. Month after month, global temperatures are setting new records. (AP Photo/John Locher, File)
AnalysisBiodiversityClimateCoalEmissionsEnvironmentIn-DepthNatural GasOilResiliencyWeather

Climate records keep shattering. How worried should we be?

Making sense of the run of climate extremes may be challenging for some. Here's a look at what scientists are saying.

FILE PHOTO: The logo of ExxonMobil is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessCourtsFinanceNewsOil

Vanguard says it backed Exxon board, but cites investor rights concerns

Vanguard said its funds supported the election of Exxon's director nominees at its annual meeting last week, but the mutual fund giant cited...

Members of Ecuadorean Indigenous organizations and environmental advocacy groups protest demanding that the government should comply with court orders to halt the use of hundreds of gas flares by oil producers in the country's Amazon, in Quito, Ecuador June 5, 2024. REUTERS/Karen Toro
CourtsEconomyEnvironmentIndigenousNewsOilPolitics

Ecuador Indigenous, environmental groups protest Petroecuador gas flaring

Ecuadorean Indigenous organizations and environmental advocacy groups are protesting state-run oil company Petroecuador, saying it is failing to comply with a court order...

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