Thursday, 6 February 2025

Focus on Oil

EnvironmentNewsOilRegulations

New Mexico forges rule for treatment of fracking water amid protests

Environmental officials begin series of hearings to build rules on the release of water produced by oil and gas production in New Mexico.

Arthur L. Irving, the second-born son of New Brunswick industrialist K.C. Irving, has died at the age of 93 after a life spent growing the oil business that his father founded. Irving, then chairman of Irving Oil, takes to the podium during the grand opening of the Halifax Harbour Terminal in Dartmouth, N.S., Thursday, Oct. 20, 2016. THE CANADIAN PRESS/stringer
BusinessNewsOil

Canadian oil executive Arthur Irving dies at age 93

Arthur L. Irving, the second-born son of New Brunswick industrialist K.C. Irving, has died at the age of 93 after a life spent...

FILE PHOTO: Darren Woods, Chairman and CEO, Exxon Mobil Corporation speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.  REUTERS/David Swanson/File Photo
BusinessCourtsNewsOilPolitics

Illinois state treasurer urges Exxon shareholders to vote against CEO Woods, director Hooley

The Illinois state treasurer has urged Exxon Mobil shareholders to vote against the election of Executive Chair and CEO Darren Woods, as the...

dian banks provided almost US$104 billion in fossil fuel funding last year despite the urgent need to reduce emissions, says the latest annual Banking on Climate Chaos report. Bank towers are shown from Bay Street in Toronto's financial district, on Wednesday, June 16, 2010. THE CANADIAN PRESS/Adrien Vecz
AnalysisBusinessClimateEmissionsFinanceLiquefied Natural GasNatural GasNewsOilTransmission

Canadian banks directed over US$100 billion to oil and gas last year: report

Canadian banks provided almost US$104 billion in fossil fuel funding last year despite the urgent need to reduce emissions, says the latest annual...

AnalysisBusinessEconomyFinanceOilReports

Feedback loops: Oil prices, inflation and monetary policy

How does the price of oil interact with inflation and the monetary policy meant to keep it in check? It's complicated, according to...

FILE PHOTO: The logo of Italian multinational energy company Eni is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessFuelLiquefied Natural GasNatural GasNewsOil

Eni eyes new oil and gas spin-offs in energy transition satellite strategy

Italian energy group Eni could spin off stakes in high-potential oil and gas projects, while focusing on low-carbon activities

FILE PHOTO: A building of China National Offshore Oil Corp (CNOOC) headquarters is pictured in Beijing, China March 8, 2021. REUTERS/Tingshu Wang/File Photo
BusinessFuelLiquefied Natural GasNatural GasNewsOilPoliticsTrade

Chinese companies win more bids to explore for Iraq oil and gas

Chinese companies won five more bids to explore Iraqi oil and gas fields, Iraq's oil minister said on Sunday

FILE PHOTO: Smoke rises from mutual aid wildfire GCU007 in the Grande Prairie Forest Area near TeePee Creek, Alberta, Canada May 10, 2024. Alberta Wildfire/Handout via REUTERS/File Photo
ClimateEnvironmentNewsOil

Spreading Western Canada wildfire prompts thousands to evacuate oil hub

The season's first major wildfire continued to burn across Western Canada as authorities advised residents of an oil hub in Alberta to prepare...

FILE PHOTO: Iraqi Prime Minister Mohammed Shia al-Sudani attends the fifth plus and sixth licensing rounds for 29 oil and gas exploration blocks at the Oil Ministry's headquarters in Baghdad, Iraq, May 11, 2024. REUTERS/Thaier Al-Sudani/File Photo
BusinessFuelLiquefied Natural GasNewsOilPoliticsTrade

Chinese companies win licensing bids to explore Iraq oil and gas fields

Chinese companies won bids to explore five Iraqi oil and gas fields on Saturday in a licensing round for hydrocarbon exploration aimed at...

Oil company representatives attend the launch of licensing rounds for 29 oil and gas fields in Iraq (AFP)
FuelNewsOil

Iraq hopes oil reserves will exceed 160bn barrels: minister

Iraq, one of the world's biggest oil producers, aims to boost its crude reserves to more than 160 billion barrels, Oil Minister Hayan...

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