Tag - oil

 
 

OIL

Storage tanks at the BP Cherry Point Refinery near Blaine, Washington
BUSINESS / Companies
Dec 27, 2024
Big Oil backtracks on renewables push as climate agenda falters
The likes of BP and Shell this year sharply slowed their plans to spend billions on wind and solar power projects.
The Finnish Border Guard's ship Turva and oil tanker Eagle S sail on the sea outside the Porkkalanniemi, Finland on Thursday
WORLD
Dec 27, 2024
Finland boards vessel possibly behind power cable and internet outages
"From our side, we are investigating grave sabotage," said the director of the Finnish National Bureau of Investigation.
While the prospect of Eneos Holdings offloading a majority stake in JX has been mooted for years, it is coming closer to reality amid a hot market for share sales in Tokyo.
BUSINESS / Companies
Dec 19, 2024
Eneos considers IPO of up to 70% of JX Advanced Metals
Japan has seen the highest volume of IPOs this year since 2018.
Barclays has been a top target for British climate protestors in recent years because of the volume of its lending to the fossil-fuel industry.
BUSINESS / Companies
Dec 19, 2024
Why Barclays is one of the main targets of U.K. climate activists
Barclays has provided more bonds and loans to fossil fuel companies than any European rival over the past three years.
Islamic Revolutionary Guard Corps (IRGC) Commander-in-Chief Maj. Gen. Hossein Salami reviews military equipment during an IRGC ground forces military drill in the Aras area, East Azerbaijan province, Iran, on Oct. 17, 2022.
WORLD / Politics
Dec 18, 2024
Iran's Revolutionary Guards extend control of oil exports, sources say
All aspects of the oil business have come under the growing influence of the Guards.
The Stratos direct air capture facility, a joint venture between Occidental Petroleum and asset manager BlackRock, in Ector County, Texas
ENVIRONMENT / Energy / ANALYSIS
Dec 14, 2024
Earthquakes and blowouts undermine case for carbon storage in Texas
Texas has seen surging interest from companies hoping to bury carbon dioxide in its oilfields.
Possible new sanctions on Russian oil highlight how Biden’s team is more willing to take risks in confronting Russia as it prepares to depart.
WORLD / Politics
Dec 11, 2024
U.S. mulls new Russia oil sanctions to weaken Putin ahead of Trump
The European Union is planning similar measures on Russia’s shadow fleet before the end of the year.
Environmental activists demonstrate in front of the convention center in Busan, South Korea, where delegates from around the world are seeking to reach a binding treaty against plastic waste.
ENVIRONMENT
Nov 29, 2024
Showdown looms on plastic treaty days before deadline
With just two days of talks left, countries seeking an ambitious treaty urged delegations that "have not moved a centimeter" to make compromises or "get out of the way."
Refining sources in Asia and analysts have said they expect to see more Canadian and Mexican oil heading to Asia if U.S. President-elect Donald Trump imposes planned tariffs.
BUSINESS / Markets
Nov 28, 2024
Asia likely to benefit from cheaper Canadian and Mexican oil if Trump imposes tariffs
Two sources familiar with Trump's plan say that oil would not be exempted from potential tariff hikes on imports from Canada and Mexico.
Vehicles pass in front of an Exxon service station in Bethesda, Maryland, on Monday. Material stolen from the company's critics in a hack-and-leak operation continues to be used today to counter litigation claiming the oil giant misled the public and its investors about the risks of climate change.
BUSINESS / Companies
Nov 28, 2024
Exxon lobbyist probed over hacked papers that disrupted climate lawsuits
The stolen material continues to be used today to counter litigation claiming the oil giant misled the public and its investors about the risks of climate change.
Their trucks, sometimes driven by Someya herself, go around Tokyo collecting used cooking oil from restaurants and households.
ENVIRONMENT / Sustainability
Nov 27, 2024
Turning tempura oil into fuel: 30 years of environmental efforts by Tokyo entrepreneur
"Seeing all the used cooking oil being collected, I thought Tokyo is basically an oil field."
Oil drilling equipment on federal land near Fellows, California. Drilling activity on federal lands and waters accounts for about a quarter of U.S. oil production and 12% of gas output.
WORLD / Politics
Nov 26, 2024
Trump prepares wide-ranging energy plan centered on gas and oil, sources say
The plan to roll out the list as early as day one ensures that oil and gas production will rank alongside immigration as a pillar of Trump's early agenda.
The national flag of Saudi Arabia at their pavilion at the COP29 climate conference in Baku, Azerbaijan, on Nov. 14
ENVIRONMENT / Climate change
Nov 26, 2024
How Saudi Arabia turned back climate progress at COP29
After three decades of being the main opposition at the annual climate talks, the Saudis have developed a sophisticated playbook.
At the United Nations climate conference in Baku, rich nations found that efforts to reduce their own emissions and fund climate programs elsewhere in the world bought them little favor with developing countries most at risk of global warming.
COMMENTARY / World
Nov 26, 2024
Clean power must offer more hope to beat fossil fuels
Wealthy nations must treat climate change as a genuine crisis, advocating for bold financing programs to enable poor nations to industrialize with clean energy.
Saudi Crown Prince Mohammed bin Salman addresses the joint extraordinary leaders summit of the Organization of Islamic Cooperation (OIC) and the Arab League in Riyadh on Nov. 11.
WORLD / Politics
Nov 25, 2024
Mohammed bin Salman’s style shift sets up a new world order strategy
The implications of Saudi Arabia’s transformation under Crown Prince Mohammed bin Salman will reverberate far beyond the kingdom’s borders for decades to come.
In developing Asia, where coal dominates and imported liquefied natural gas is expensive, natural gas remains limited in electricity grids.
COMMENTARY / World
Nov 24, 2024
Gas got America off coal. Now, it's coming for Asia's oil.
It can work in concert with carbon-free energy to break the hold of the dirtiest sources of power.
An oil pump jack and drilling rigs in an oilfield on the shore of the Caspian Sea, near the Aquatic Palace stadium in Baku, Azerbaijan, on Thursday.
ENVIRONMENT / Climate change
Nov 23, 2024
At a climate conference in oil country, progress remains elusive
More than a third of Azerbaijan’s gross domestic product comes from fossil fuels, and about 90% of its exports are linked to oil and gas.
Members of the Indigenous People Association stage a protest to demand action on climate change, holding cutouts of U.S. President Joe Biden and Chinese leader Xi Jinping on the waters of Botafogo Bay, ahead of the Group of 20 summit in Rio de Janeiro on Saturday.
ENVIRONMENT / Climate change
Nov 17, 2024
Biden weighs fossil fuel finance curbs that could outlast Trump
Landing the deal is seen as essential to deliver on a promise Biden made during his first year in the White House.
An oil pump jack in Midland, Texas
ENVIRONMENT / Energy
Nov 14, 2024
Republican sweep opens way to boost oil and gas development
Oil producers, however, may be reluctant to drill new wells with U.S. output already at a record high.
President of Azerbaijan Ilham Aliyev speaks at the Opening Ceremony of the United Nations climate change conference COP29 in Baku, Azerbaijan, on Tuesday.
WORLD / Politics
Nov 13, 2024
COP29 host Azerbaijan hits out at West in defense of using oil and gas
Some observers of the COP29 negotiations said the president of Azerbaijan's remarks did not bode well for a strong result from the two-week summit.

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