Focus on Fuel
Global IT outage in July exacerbated California fuel storage issues, says storage broker
The outage forced U.S. traders to store jet fuel on tankers, exacerbating California's existing petroleum storage constraints.
Shares of Parex Resources drop after company cuts production forecast
Parex Resources shares fell 28% after cutting 2024 production guidance and announcing CFO Sanjay Bishnoi's departure.
Marathon Oil shareholders vote in favor of $16 billion ConocoPhillips deal
Marathon Oil shareholders on Thursday approved the U.S. oil producer's nearly $16 billion acquisition by ConocoPhillips, the company said.
Drax to pay £25m penalty for data breach after wood pellet probe
British power station operated fined for failure to accurately report data on the source of 'renewable' wood pellets burned for energy.
UK drops legal defence for Rosebank and Jackdaw oil and gas fields
UK Government will not challenge judicial reviews brought against fossil fuel developments in order to “save the taxpayer money”.
Ukraine says it attacked oil facilities, military depot in Russia
Fire breaks out in Rostov region as Russian oil facility attacks form part of Kyiv's strategy to target energy infrastructure.
China to continue with low-carbon reforms, energy regulator says
The world's second-biggest economy has emerged as a global leader in the energy transition, though it still relies significantly on coal.
Future of chemical sector ‘at risk’ in UK without plan to cut fossil fuels
Think tank calls for policymakers to support a transition to green chemicals industry in Britain to help decarbonise wider economy.
Ecuador starts to shut down oil drilling on nature reserve
Ecuador begins shutting down oil wells in Yasuni reserve after voters approved a referendum to end drilling for environmental reasons.
