Backing Petroleum: bp’s Shift in Strategy Poses Risks for Climate and Investors
Backing Petroleum: bp’s transition U-turn is bad for the climate and investors This week, reports[i] have emerged of bp’s CEO Murray Auchincloss latest U-turn regarding bp’s transition strategy: the company has scrapped its previous relatively ambitious target of reducing oil and gas production by 25% by 2030 (vs 2019). Bp had made some headway towards […]
Oil Prices Stabilize Amid Florida Fuel Demand Concerns, Weekly Gains Fueled by Mideast Uncertainties – ET EnergyWorld
Oil settles down on Florida fuel demand worries, Mideast risk drives weekly gains, ET EnergyWorld HOUSTON: Oil prices settled lower on Friday but rose for the second straight week as investors weighed factors such as possible supply disruptions in the Middle East and Hurricane Milton‘s impact on fuel demand in Florida. Brent crude oil futures […]
Analysis of the Fourth-Largest Crude Oil Producer in OPEC – Eurasia Review
Fourth-Largest Crude Oil Producer In OPEC – Analysis – Eurasia Review Iran was the fourth-largest crude oil producer in OPEC in 2023 and the third-largest dry natural gas producer in the world in 2022.1 It holds some of the world’s largest deposits of proved oil and natural gas reserves, ranking as the world’s third-largest oil and […]
API Data Shows Significant Increase in U.S. Crude Oil Inventories
API data reveals huge rise in US crude oil inventories Crude oil inventories in the US rose by 10.9mbbl during the week ended 4 October, data from the API showed. The body, the largest US trade association for the oil and gas industry, reported that gasoline inventories fell by 557,000bbl. Meanwhile, distillate inventories also declined […]
£1.9 Billion Annual Investment Urged for Transitioning Oil and Gas Workers to Clean Energy Careers
Call for £1.9bn a year to help oil and gas workers move into clean energy Climate groups are calling for £1.9 billion a year to support offshore oil and gas workers and communities through the shift to renewable energy. In a move endorsed by leading UK trade unions, 65 organisations have written to Chancellor Rachel […]
North Dakota’s Future Governor Dismisses Oil and Gas Connections and Conflict Issues • Minnesota Reformer
North Dakota’s likely next governor brushes off oil and gas ties, conflict concerns • Minnesota Reformer This article was produced for ProPublica’s Local Reporting Network in partnership with the North Dakota Monitor. Sign up for Dispatches to get stories like this one as soon as they are published. When Republican Kelly Armstrong filed his federal financial disclosure after […]
MLG Discusses Education at Oil and Gas Industry Conference
MLG speaks about education during oil and gas industry meeting MLG speaks about education during oil, gas industry meeting – Nicole Maxwell, New Mexico Political Report New Mexico produces the second highest amount of oil and gas in the country. The taxes from oil and gas production provide funding for state programs like education. Gov. […]
Soaring Revenue Projections for Connected Solutions in the Oil & Gas Market
Connected Solutions for Oil & Gas Market Projected Revenue Surge Connected Solutions for Oil & Gas Market Advance Market Analytics published a new research publication on “Connected Solutions for Oil & Gas Market Insights, to 2030” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find […]
Alberta Under Pressure for Oil Industry ‘Subsidies’ as Well Cleanup Costs Soar
Alberta Faces Scrutiny Over Oil Industry ‘Handouts’ Amid Escalating Well Cleanup Costs With cleanup and restoration costs for “orphaned” oil wells in Alberta set to double, the provincial government faces mounting pressure to hold oil and gas companies accountable on a number of fronts. To highlight the adverse effects of provincial policies that subsidize the […]
The Impact of Iran’s Oil and Gas on U.S. Military Strategies Regarding China
The role of Iran’s oil and gas in US war plans against China The United States and Israel are on the brink of war with Iran. While the Biden administration has publicly stated that it does not want “escalation,” it has made clear that it will support Israel regardless of what Netanyahu does. Nearly every […]