Friday, 7 February 2025

Focus on Oil

An SNP shift from presumption against new oil and gas licences is a ‘shameless retreat’ from climate action, the Scottish Greens have said (Andrew Milligan/PA)
ElectionsNatural GasNewsOilPolitics

Scottish National Party accused of ‘shameless retreat’ of climate leadership over oil and gas stance

The Scottish National Party has been accused of a “shameless retreat” from climate leadership after Kate Forbes claimed her party was not against...

UN Secretary-General Antonio Guterres called for a ban on advertising oil, gas and coal -- the main drivers of global warming (AFP)
ClimateCoalEnvironmentLegislationLiquefied Petroleum GasNatural GasNewsOilPoliticsRegulationsUnited Nations

Planet overheating, ban fossil fuel ads: UN chief

UN Secretary General Antonio Guterres called for a ban on advertising oil, gas and coal as global climate monitors signal the planet is...

FILE PHOTO: Downtown Denver is seen in the background from the Suncor Energy refinery in Denver June 12, 2006. REUTERS/Rick Wilking/File Photo
ClimateCourtsEmissionsNewsOilPolitics

Environmental groups to sue Canada’s Suncor over Colorado refinery emissions

Environmental groups filed notice Weds to sue Canadian oil producer Suncor Energy under the US Clean Air Act for air pollution violations

Kate Forbes said the SNP had ‘never said no’ to further licensing (Jane Barlow/PA)
ElectionsLiquefied Petroleum GasNatural GasNewsOilPolitics

Scottish Deputy First Minister: SNP not against oil and gas licences

Scotland's Deputy First Minister has said the SNP is not against oil and gas licences, but developments would need to meet climate compatibility...

Pipe is unloaded at a project in Hardisty, Alta., on Thursday, Aug.10, 2017. THE CANADIAN PRESS/Jason Frans
BusinessInfrastructureNatural GasNewsNuclear PowerOilStorageTransmissionUtilities

TC Energy shareholders approve spinoff, creation of South Bow pipelines business

TC Energy Corp. shareholders have voted in favour of spinning off the company's crude oil pipelines business

EconomyEnvironmentMaritimeNewsOilPoliticsTradeTransport

Sanctioned tankers pose rising environmental risk in Mediterranean, Greece says

ATHENS (Reuters) – Unregulated tankers sidestepping Western sanctions are posing a bigger risk to the Mediterranean region and Greece is undertaking more protective...

BusinessEconomyFuelNewsOilTradeTransmission

Chinese refiner Rongsheng buys its first Canadian TMX crude oil cargo

Chinese refiner Rongsheng Petrochemical has bought its first Canadian crude cargo via the recently expanded Trans Mountain pipeline (TMX) from TotalEnergies through a...

FILE PHOTO: Solar panels of Germany's largest solar park Weesow-Willmersdorf by energy supplier EnBW AG are seen next to wind turbines in Werneuchen, Germany September 21, 2023. REUTERS/Lisi Niesner/File Photo
AnalysisElectionsElectricityEmissionsNatural GasOilPoliticsReportsSolarWind

Ember report: EU wind and solar growth displaces fossil fuel generation

New Ember report: Wind and solar power generation in the European Union increased by 46% from 2019, when the current European Commission took...

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
BusinessFuelNewsOil

Saudi Arabia kicks off Aramco share sale with demand said to be high

In a landmark deal, Saudi Arabia has begun a secondary share sale in oil giant Aramco.

A general view of the Phillips 66 Company's Los Angeles Refinery, which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, at sunset in Carson, California, U.S., March 11, 2022.  REUTERS/Bing Guan
AutomotiveFuelNewsOil

US refiners boosting fuel output past 90% of capacity for summer driving season

Strong spring production levels have retail gasoline prices on par with a year ago, according to motorist group AAA.

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