Category Archives: Oil and gas companies

Philippines orders energy cuts in response to Middle East war

Posted on by

South-east Asian country limits air conditioning and travel for public officials amid soaring fuel prices

The Philippines is searching for ways to conserve energy in response to surging fuel costs, with public officials ordered to cut back on air conditioning usage and reduce travel.

All national government agencies, state universities and colleges, and local government branches have been told to reduce fuel consumption by at least 10% in response to the crisis in the Middle East.

Government offices have been told to adopt flexible work arrangements, and to set air conditioning units no lower than 24 degrees.

Continue reading...

China calls for vessels in strait of Hormuz to be protected amid soaring shipping costs

Posted on by

Beijing’s foreign ministry urges ‘all parties’ to avoid escalation as number of crossings drops 60% in one day

The Chinese government has called for vessels passing through the strait of Hormuz to be protected by all sides in the escalating Iran conflict, as shipping freight rates soared.

Maritime traffic through the strait – a narrow channel on Iran’s southern border that connects the Persian Gulf with the Gulf of Oman – has effectively been closed since the US and Israel launched missile attacks on Iran at the weekend, prompting a retaliation from Tehran.

Continue reading...

Fossil fuel lobbyists outnumber all Cop30 delegations except Brazil, report says

Posted on by

One in every 25 participants at 2025 UN climate summit is a fossil fuel lobbyist, according to Kick Big Polluters Out

More than 1,600 fossil fuel lobbyists have been granted access to the Cop30 climate negotiations in Belém, significantly outnumbering every single country’s delegation apart from the host Brazil, new analysis has found.

One in every 25 participants at this year’s UN climate summit is a fossil fuel lobbyist, according to the analysis by the Kick Big Polluters Out (KBPO) coalition, raising serious questions about the corporate capture and credibility of the annual Cop negotiations.

Continue reading...

State-sanctioned fuel smuggling cost Libya $20bn over three years – report

Posted on by

Policy body calls for western-backed investigation into oil officials known to be at heart of illegal enterprise

A surge in state-sanctioned fuel smuggling between 2022 and 2024 cost the Libyan people about $20bn (£15bn) in lost revenue – an alarming sum that demands decisive international sanctions against those responsible, according to the most comprehensive report published on how Libya’s primary revenue source has been systematically pillaged.

The report by the investigative and policy body the Sentry states that “politicians and security leaders who claim to serve the public and fight organised crime have, in fact, acted as the chief architects of Libya’s fuel-smuggling industry, often with backing from foreign states”. Some of the imported fuel has also been smuggled into Sudan, where it has prolonged that country’s civil war.

Continue reading...

‘Loophole’ in sanctions allowing Russian oil to be imported to Australia through port part-owned by Macquarie Bank

Posted on by

Australia stopped buying fuel directly from Russia after its invasion of Ukraine but has imported more than 3m tonnes of its oil products since 2023

Millions of tonnes of Russian oil have been traded through a port part-owned by Macquarie Bank and potentially sold on to Australian businesses, new data shows.

The identification of a new link between Australia and the trade in Russian-origin products exposes further gaps in government sanctions, as Australia lags behind the EU and the UK in tightening import rules.

Continue reading...

Exxon sues California over climate laws, alleging free speech violations

Posted on by

Oil firm asks court to block enforcement of laws that would require disclosure of planet-heating carbon emissions

Exxon, an oil firm consistently ranked among the world’s top contributors to global carbon emissions, is suing the state of California over two climate-focused state laws, arguing that the rules infringe upon the corporation’s right to free speech.

The 2023 laws, known collectively as the California Climate Accountability Package, will require large companies doing business in the state to disclose both their planet-heating carbon emissions and their climate-related financial risks, or face annual penalties.

Continue reading...

US demands EU reverse new climate rules to allow surge in gas imports

Posted on by

US and Qatar say new rules will hinder imports of LNG, posing ‘existential threat’ to European economies

The US has demanded that the European Union roll back its climate and human rights rules in order to allow greater imports of liquefied natural gas (LNG), as the Trump administration approved a controversial gas export hub along the Gulf of Mexico coast.

A letter jointly sent by the US and Qatar, two of the three largest LNG exporters in the world, warned the EU that its new rules pose an “existential threat” to European economies as they would hinder imports of gas from countries such as theirs.

Continue reading...

UK ministers met fossil fuel lobbyists 500 times in first year of power, analysis shows

Posted on by

Lobbyists attended 48% more meetings than Tories, as Labour accused of giving them ‘backstage pass’

Government ministers met representatives from the fossil fuel industry more than 500 times during their first year in power – equivalent to twice every working day, according to new research.

The analysis found that fossil fuel lobbyists were present at 48% more ministerial meetings during Labour’s first year in power than under the Conservatives in 2023.

Ministers at the Department for Energy Security and Net Zero (DESNZ) met fossil fuel lobbyists 274 times, with industry figures present at almost a quarter of meetings.

Ed Miliband, the secretary for energy and climate change, met fossil fuel lobbyists 250 times – with a third of all his meetings attended by industry figures.

During the same period DESNZ ministers met trade union representatives 61 times

Three fossil fuel companies: BP, Shell and Equinor , met ministers 100 times between them.

Fossil fuel lobbyists attended almost every government meeting about the energy profits levy, a temporary windfall tax on the “extraordinary profits” of North Sea oil and gas companies.

Continue reading...

More than 40 Trump administration picks tied directly to oil, gas and coal, analysis shows

Posted on by

Report looks at White House nominees and appointees and agencies dictating energy, environment and climate policy

Donald Trump has placed dozens of people with ties to the fossil fuel sector in his administration, including more than 40 who have directly worked for oil, gas or coal companies, according to a new analysis.

The report from Public Citizen, a consumer advocacy and ethics non-profit that has been critical of the Trump administration, alongside the Revolving Door Project, a corporate watchdog, analyzed the backgrounds of nominees and appointees within the White House and eight agencies dictating energy, environmental and climate policy. That includes the Environmental Protection Agency, the interior and energy departments and others.

Continue reading...

Large fire breaks out at el Segundo refinery in Los Angeles

Posted on by

Emergency services attending scenes after receiving multiple reports of an explosion, according to US media

A fire broke out at Chevron’s El Segundo refinery, California governor Gavin Newsom’s press office said, with a county official adding that the flames had been confined to one area.

The cause of the blaze was not clear, the Los Angeles Times reported, while CBS said firefighters were called to the refinery in Los Angeles county after reports of an explosion.

Continue reading...

Almost a third of Prax Lindsey oil refinery workers to lose jobs

Posted on by

Insolvency Service says 125 roles to go at Lincolnshire plant, which went into administration in summer

Almost a third of workers at the Prax Lindsey oil refinery in north Lincolnshire, which collapsed into administration this summer, will lose their jobs at the end of October.

The Insolvency Service said the decision to make 125 roles redundant, with 255 people remaining at the site, “was not taken lightly” and follows a thorough review of “all aspects of the business, following its insolvency”.

Continue reading...

Trump says he believes Ukraine can regain all land lost to Russia since 2022 invasion

Posted on by

US president claims Russia is in ‘big economic trouble’ as he calls for Nato countries to stop imports of Russian oil

Donald Trump has said he believes Ukraine can regain all the land that it has lost since the 2022 Russian invasion in one of the strongest statements of support he has given Kyiv.

The US president delivered his upbeat assessment by claiming Russia was in big economic trouble in a post on Truth Social after meeting the Ukrainian president, Volodymyr Zelenskyy, in New York.

Continue reading...

Loan ‘irregularities’ led to collapse of Prax Lindsey oil refinery

Posted on by

Administrator was appointed after parent company State Oil was given new information about £783m loan

The Prax Lindsey oil refinery collapsed after “material irregularities” were discovered in a complex £783m loan facility that funded the wider group, it has emerged.

The refinery on the Humber estuary in northern England – one of just five left in the UK, – was suddenly plunged into administration in late June, prompting calls from furious government ministers for an investigation into Winston Soosaipillai, Prax Group’s oil tycoon owner.

Continue reading...

BP makes its biggest oil and gas discovery in 25 years off coast of Brazil

Posted on by

Company to carry out more tests on its Santos basin find as it continues shift from renewables back to fossil fuels

BP has made its largest oil and gas discovery of the past 25 years off the coast of Brazil as it continues to shift its focus away from renewables and back to fossil fuels.

The Santos basin oil and gas discovery, which is located in deep waters, is the company’s 10th oil discovery of the year and could be its largest since its discovery at the Shah Deniz gasfield in Azerbaijan in 1999.

Continue reading...

Shell has ‘no intention’ of making offer to buy BP after £60bn takeover rumours

Posted on by

Statement to stock market follows media reports of early talks with BP to create a £200bn UK oil company

Shell has said it has “no intention” of making an offer for the rival fossil fuel company BP after speculation it had been planning a £60bn takeover, ruling out a formal approach for the next six months.

In an official statement to markets on Thursday, the company doubled down on the previous day’s denials that it was planning a bid, after media reports that it was in early talks with its competitor to create a £200bn UK oil supermajor.

Continue reading...

Oil prices sink after Iranian strike on US airbase reduces fears of market disruption

Posted on by

Crude oil prices dropped by 7% on hopes that the conflict would not immediately disrupt region’s oil supplies

Oil prices dropped sharply after Iran’s retaliatory missile strike on a US airbase reduced concern that the country was poised to strain energy markets by closing off a vital trade route.

Crude oil prices sank by 7% on Monday, with West Texas Intermediate (WTI) futures dropping to $68.51, as the Iranian action on the Al Udeid base in Qatar raised hopes that the conflict would not immediately disrupt oil supplies from the region.

Continue reading...

Nigerian communities to take Shell to high court over oil pollution

Posted on by

Residents of Bille and Ogale in Niger delta are suing Shell and subsidiary, but company denies liability

Residents of two Nigerian communities who are taking legal action against Shell over oil pollution are set to take their cases to trial at the high court in 2027.

Members of the Bille and Ogale communities in the Niger delta, which have a combined population of about 50,000, are suing Shell and a Nigerian-based subsidiary of the company, the Shell Petroleum Development Company of Nigeria, which is now the Renaissance Africa Energy Company.

Continue reading...

Europe will never return to Russian gas, European Commission insists

Posted on by

Body unveils plans to ban all gas imports from Russia by January 2028 – but faces backlash from Hungary, Slovakia and Austria

The European Commission has insisted there will be no return to Russian gas, as it published plans to phase out fossil fuel imports from its eastern neighbour by 2028.

The EU energy commissioner, Dan Jørgensen, said a proposed ban on Russian gas imports would remain, irrespective of whether there was peace in Ukraine.

Continue reading...

Will the North Sea oil and gas industry be Labour’s next U-turn?

Posted on by

With Nigel Farage targeting net zero, could government policy change to protect jobs, revenue and votes?

It was inevitable that Nigel Farage would take Reform UK’s campaign tour to Aberdeen. On a visit to the capital of the UK’s oil and gas industry on Monday he welcomed a defecting Aberdeen Conservative councillor, the 13th defection to his party’s ranks in Scotland to date.

Reform is hoping to make political hay from the discontent surrounding the government’s North Sea policies, the demise of the oil and gas basin and the vast workforce that depends on it. The populist party has vowed to reverse the government’s ban on fresh North Sea oil and gas drilling as a “day one” priority if elected to power in 2029.

Continue reading...

Miliband in blistering attack on Farage’s UK net zero ‘nonsense and lies’

Posted on by

The energy secretary has accused Reform UK’s leader of peddling dangerous falsehoods about renewable power

• Tories and Reform use the steel crisis to knock clean energy. They’re wrong: it will secure all our futures

Ed Miliband has torn into Nigel Farage and the Tories for peddling dangerous “nonsense and lies” by suggesting the UK’s net zero target is responsible for destroying Britain’s businesses, including its steel industry.

Cabinet ministers are determined to fight back against the way Reform UK and the Conservatives have unceremoniously lambasted the climate crisis agenda for what they believe are nakedly political reasons before important local elections next month.

Continue reading...