Tuesday, 4 February 2025

Focus on Fuel

FILE PHOTO: A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside its headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger/File Photo
IndustryNewsOilPoliticsTrade

US Senate committee probes oil producers on price collusion with OPEC

The oil producers that the committee is probing include Exxon Mobil, Chevron and ConocoPhillips.

FILE PHOTO: Model of LNG tanker is seen in front of the U.S. flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
FuelLiquefied Natural GasNewsPolitics

US regulators approve Louisiana LNG plant over climate objections

Federal regulators on Thursday approved a Louisiana LNG project that has been a lightning rod for environmental activists.

FILE PHOTO: A general view of the U.S. Supreme Court building in Washington, U.S., June 1, 2024. REUTERS/Will Dunham/File Photo
ClimateCourtsEmissionsEnvironmentIndustryNatural GasNewsPoliticsRegulations

US Supreme Court blocks EPA’s ‘Good Neighbor’ air pollution plan

The U.S. Supreme Court blocked an EPA regulation aimed at reducing ozone emissions that may worsen air pollution in neighboring states.

FILE PHOTO: A drone view of three berths able to load vessels with oil is seen after their construction at Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project in Burnaby, British Columbia, Canada, April 26, 2024. REUTERS/Chris Helgren/File Photo
AnalysisBusinessFuelIn-DepthInfrastructureOilTransmission

Canada’s Trans Mountain bets on last-minute oil shippers on high-cost pipeline

Canada's Trans Mountain oil pipeline will rely heavily on last-minute shippers to turn a profit, the corporation's financial projections show

FILE PHOTO: Saplings grown at the nursery of the nonprofit environmental group Rioterra, await planting to restore areas of a nearby rainforest, at the Jamari National Forest, in Itapua do Oeste, Rondonia state, Brazil, February 18, 2020.  REUTERS/Alexandre Meneghini/File Photo
BiodiversityCarbon ManagementClimateEmissionsEnvironmentFuelNews

Global carbon removal market could reach $100 billion/yr from 2030-35, report says

The global market for carbon removal credits could reach up to $100bn a year between 2030 and 2035 if barriers to growth are...

FILE PHOTO: The logo of British multinational oil and gas company BP 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
BusinessFinanceFuelLiquefied Natural GasLiquefied Petroleum GasNatural GasNewsOil

BP halts hiring, slows renewables roll-out to win over investors

BP's new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects, places a renewed emphasis on oil and...

In 2023, cases against companies made up a quarter of the 233 lawsuits filed globally that year alone (AFP)
AnalysisAviationBusinessClimateCourtsEmissionsOilSustainable Aviation Fuel

Climate lawsuits against companies on the rise: report

Accusations of "climate-washing" or misleading marketing have been among the drivers for more recent cases against corporations. 

Climate organisations are calling for a ‘clear and funded’ transition plan for workers in the offshore oil and gas industry (Leon Neal/PA)
ElectionsLabourNatural GasNewsOilPolitics

Next UK government urged to fund ‘just transition’ for oil and gas workers

The next government must provide a “clear and funded” transition plan for workers in the offshore oil and gas industry, including the North...

FILE PHOTO: Cars accelerate down Third Avenue beside Marshall University's campus in Huntington, West Virginia, U.S. May 4, 2017.  REUTERS/Lexi Browning/File Photo
AutomotiveCourtsElectric Vehicles (EVs)FuelNewsPoliticsRegulationsTransport

Republican state AGs challenge new US fuel economy rules

The AGs have called the ne requirements unworkable and forcing automakers to build more electric vehicles.

FILE PHOTO: General view of Citgo Petroleum headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessCourtsNewsOil

Complex bids could extend Citgo auction evaluation, sources say

The court-organized auction of the seventh-largest U.S. oil refiner aims to satisfy up to $21.3 billion in claims against Venezuela.

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