Tag - oil

 
 

OIL

U.S. Vice President Kamala Harris, speaks at a high-level segment at the COP28 climate conference in Dubai on Saturday.
WORLD / Politics
Dec 3, 2023
U.S. lays out plan at COP28 to slash methane emissions from oil and gas
The rules, two years in the making, were announced by U.S. officials at the United Nations COP28 climate change conference in Dubai.
World leaders prior to the opening ceremony of the COP28 summit in Dubai on Friday.
ENVIRONMENT / Climate change
Dec 2, 2023
A tense climate summit begins amid wars and record heat
At the U.N. climate conference in Dubai, a parade of dignitaries invoked faith, science and economics in their calls for a rapid energy transition.
A Cosmo Energy service station in Tokyo
BUSINESS / Companies
Dec 1, 2023
Iwatani emerges as potential Cosmo white knight with share buy
Iwatani will pay ¥105.3 billion, or ¥6,052 per share, to raise its stake in Cosmo to 19.93% from the current 0.07%.
The front page of The Japan Times on Christmas Eve in 1948 carries news of high-profile executions.
JAPAN / History / Japan Times Gone By
Dec 1, 2023
1948: Tojo and six others hanged
December reports focus on some major events from Japan's past: the 1923 earthquake, World War II and the 1970s oil shock.
Sultan Al Jaber strongly denied reports that he used his position as COP president to pitch new oil and gas investments to governments.
WORLD / Politics
Nov 30, 2023
COP28 president denies using climate talks to push oil deals
The allegations against Sultan Al Jaber have fanned long-running suspicions over the wisdom of a petrostate hosting the climate talks.
Pope Francis had planned to attend the COP28 conference in Dubai this week, but canceled on Tuesday due to health concerns.
ENVIRONMENT / Climate change
Nov 29, 2023
U.S. bishops cling to fossil fuels, despite Pope's 2015 appeal
Not a single diocese has announced it has let go of its fossil fuel assets since the pope's landmark encyclical on environmental stewardship.
A person walks past a COP28 sign in Abu Dhabi on Oct. 1.
ENVIRONMENT / Climate change
Nov 28, 2023
Biggest climate talks ever confront global chaos and record heat
Greenhouse gas emissions are still rising, and promises to cut pollution remain insufficient to take the risk of unmanageable warming off the table.
COP28 President Sultan al-Jaber addresses delegates during the Africa Climate Summit in Nairobi on Sept. 5.
ENVIRONMENT / Climate change
Nov 23, 2023
Sultan al-Jaber: the UAE oil boss steering COP28
Climate funding has caused divisions between developed countries held largely responsible for global warming and poorer countries most vulnerable to it.
Petroleum pipelines and fuel storage tanks at a refinery near Manama, Bahrain, in 2017
ENVIRONMENT
Nov 18, 2023
To meet climate goals, Gulf countries will have to overhaul everything
The growing oil-rich region faces myriad challenges as the world pushes to decarbonize.
Indian cricket is struggling against climate change-induced heat and rain and the last thing it needs is oil-rich Saudi Arabia buying into the league.
COMMENTARY / World
Nov 16, 2023
The last thing cricket needs is Saudi money
Indian cricket is struggling against climate change-induced heat and rain. A partnership with oil-rich Saudi Arabia would lead to a certain defeat.
Smoke and steam billow from a coal-fired power plant in Suralaya, Banten province, Indonesia.
ENVIRONMENT / Energy
Nov 13, 2023
Can Indonesia deliver a green power plan for the people?
Communities impacted by a major climate deal are at risk of losing out because they have had limited involvement in planning the transition so far.
Cosmo Energy is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group, led by Yoshiaki Murakami, from increasing its stake to 24.56% from the current 20%.
BUSINESS
Nov 10, 2023
Japan's Cosmo braces for 'poison pill' anti-activist vote
The refiner is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group from increasing its stake.
Destroyed buildings in Gaza on Thursday amid ongoing battles between Israeli forces and the Hamas militant group.
BUSINESS / Markets
Nov 10, 2023
Why are oil prices falling while war rages in the Middle East?
Intense fighting is underway in a region that holds much of the world’s petroleum resources. Yet, energy markets have been slumping.
Oil storage tanks at Eneos' Negishi refinery in the Keihin industrial area of Yokohama. The firm said Wednesday that its full-year profit result was expected to increase by 67% from last year.
BUSINESS / Companies
Nov 8, 2023
Eneos raises full-year profit forecast on higher oil, weaker yen
The refiner said its full-year result was expected to increase by 67% from last year.
The McKinsey & Company logo at the 54th International Paris Airshow on June 21
BUSINESS / Companies
Nov 8, 2023
Top consultancy undermining climate change fight: whistleblowers
Privately, the U.S.-based firm offers energy scenarios at odds with its public climate goals to the summit's decision-makers.
People carry a coffin as a mass funeral takes place to bury victims of a military strike on a camp for displaced people near the northern Myanmar town of Laiza on Oct. 10.
ASIA PACIFIC / Politics
Nov 1, 2023
U.S. targets Myanmar's state energy firm with partial sanctions
The action prohibits certain financial services by Americans to the state oil and gas enterprise starting on Dec. 15, the Treasury said in a statement.
Becoming the lone bidder for the 2034 World Cup, just 27 days after its campaign was announced, caps a stunning year where the unheralded Saudi Pro League has snapped up some of soccer's top stars including Cristiano Ronaldo (center).
SOCCER
Nov 1, 2023
Bridging the Gulf: How the World Cup is key to Saudi revamp
While human rights controversies have not gone away, the kingdom is gaining a reputation for extravagant forays into sport.
Cosmo Energy Holdings has said it will call another shareholder vote in December to seek approval for a "poison pill" takeover defense against a group of activist investors.
BUSINESS / Companies
Oct 25, 2023
Cosmo calls another shareholder vote in activist defense
Japan's third-biggest oil refiner said it will not prevent the group a group of activist investors from voting this time.
A man tries to start his car after Israeli airstrikes at the Nuseirat Market in the Gaza Strip on Monday.
ENVIRONMENT / Climate change
Oct 24, 2023
How the Israel-Hamas war imperils action against global warming
The conflict complicates already fragile global diplomacy ahead of crucial climate talks.
Oil storage tanks in the Keihin industrial area in Kanagawa Prefecture. Japan relies on the Middle East for over 95% of its oil.
BUSINESS / Economy / FOCUS
Oct 17, 2023
Japan still relies on Middle East oil 50 years on from crisis
Japan's alternative oil suppliers, such as Indonesia, have seen their ability to export reduced by their own economic growth.

Longform

Rows of irises resemble a rice field at the Peter Walker-designed Toyota Municipal Museum of Art.
The 'outsiders' creating some of Japan's greenest spaces