Category Archives: Oil

Canada oil and gas firms to drill 8% more wells next year as emissions target slips

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Producers take advantage of new shipping options, including government-owned Trans Mountain pipeline, to boost exports

Oil and gas producers say they will drill 8% more wells in Canada next year as they look to take advantage of new shipping options, including a controversial government-owned pipeline.

Amid forecasts that Canada is not on target to reach its emissions reductions goals, on Friday the Canadian Association of Energy Contractors (CAOEC) predicted nearly 500 more wells next year, to 6,229 projects.

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Shell to face human rights claims in UK over chronic oil pollution in Niger delta

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More than 13,000 Nigerian villagers can bring legal claims against oil firm, rules high court

Thousands of Nigerian villagers can bring human rights claims against the fossil fuel company Shell over the chronic oil pollution of their water sources and destruction of their way of life, the high court in London has ruled.

Mrs Justice May ruled this week that more than 13,000 farmers and fishers from the Ogale and Bille communities in the Niger delta were entitled to bring legal claims against Shell for alleged breaches to their right to a clean environment.

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Greens say CSIRO’s independence must be protected after alleged collaboration with BP

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Exclusive: Australian scientific agency rejects ‘ghostwriting’ claims made by US law firm representing victims of Deepwater Horizon oil spill

The Greens have warned that fossil fuel companies must not be allowed to “gag scientists” after lawyers representing victims of the Deepwater Horizon oil spill claimed to have uncovered evidence of the Australian government’s independent science agency collaborating with BP on academic studies.

The Downs Law Group has said documents it received as part of litigation against BP reveal the oil company’s lawyers reviewed and gave corporate approval to nine scientific studies by CSIRO employees, raising questions about the studies’ impartiality.

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“[W]e do not have a revised final with CSIRO authors”

“Planned for December. Approved?”

“Appear to be other papers that CSIRO is drafting and I will need confirmation they are indeed under way so I can track them and make sure they go through the review process”

“CSIRO paper from last year which made it through the review process and was approved”

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Approval of divisive Alaska oil project upheld in blow to US climate goals

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Advocates warned of ‘tragic consequences’ should the project in a remote part of northern Alaska go ahead

A federal judge has upheld the Biden administration’s approval of the Willow oil-drilling project in a remote part of northern Alaska in a move that environmental groups warned will have “tragic consequences” for the Arctic.

On Thursday, the US district court judge Sharon Gleason rejected requests by a grassroots Iñupiat group and environmentalists to undo the approval for the project in the federally designated National Petroleum Reserve-Alaska.

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Oil and gas ‘not the problem’ for climate, says UK’s net zero minister

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Campaigners call Graham Stuart’s comments ‘laughable’ and say Conservatives are weaponising climate action

Oil and gas are “not the problem” for the climate, but the carbon emissions arising from them are, the UK’s net zero minister has told MPs.

In words that suggested the UK could place yet more emphasis on technologies to capture and store carbon, Graham Stuart said fossil fuel production was not driving climate change, but demand for fossil fuels was.

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North Sea oil and gas: what is the new licensing scheme, and will it cut bills?

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Rishi Sunak signalled changes in the king’s speech that create a policy divide with Labour

The government has confirmed its plans to grant new North Sea oil and gas licences every year at the opening of parliament, deepening a political fault line between the Conservatives and Labour, and angering environmental campaigners who argue it undermines efforts to reach net zero. Here, we examine the move.

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Beef, soy and palm oil products linked to deforestation still imported into UK

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Campaigners accuse government of failing to stick to promises made at Cop26 climate summit in 2021

Beef, soy and palm oil products driving deforestation are still being imported into the UK, despite government promises this practice would end, data has revealed.

Campaigners have criticised the Department for Environment, Food and Rural Affairs (Defra) for failing to put practices in place to stop the import of goods from areas with high deforestation rates. This is despite the government having promised at the Cop26 climate conference in 2021 to implement the rules.

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Fossil fuel firms spent millions on US lawmakers who sponsored anti-protest bills

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About 60% of oil and gas operations protected from protest due to money spent on lobbying, says Greenpeace USA report

Fossil fuel companies have spent millions of dollars on lobbying and campaign donations to state lawmakers who sponsored anti-protest laws – which now shield about 60% of US gas and oil operations from protest and civil disobedience, according to a new report from Greenpeace USA.

Eighteen states including Montana, Ohio, Georgia, Louisiana, West Virginia and the Dakotas have enacted sweeping anti-protest laws which boost penalties for trespass near so-called critical infrastructure, that make it far riskier for communities to oppose pipelines and other fossil fuel projects that threaten their land, water and the global climate.

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Chevron to buy oil and gas producer Hess in $53bn all-stock deal

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Takeover puts Chevron head-to-head with ExxonMobil in oil-rich Guyana and US shale industry

Chevron has announced plans to buy the oil producer Hess Corporation in a $53bn (£44bn) deal, becoming the second American energy giant to place a vast bet on fossil fuel production this month.

The all-stock takeover, which will increase Chevron’s presence in oil-rich Guyana, was unveiled less than two weeks after another of the world’s largest oil companies, Exxon Mobil, said it would acquire the shale group Pioneer Natural Resources for $59.5bn.

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Petrol prices spiked 7% in September quarter and there’s more pain to come, Australian treasurer suggests

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Costs could rise as conflict between Israel and Hamas in the Middle East worsens, Jim Chalmers warns

Australians are feeling the impact of inflation at the petrol pump with the latest data expected to show fuel prices rose by more than 7% in the three months to the end of September.

Treasury estimates the latest consumer price index data for the September quarter, to be released on Wednesday, will reveal the soaring cost of petrol brought on by global factors including the war in Ukraine, supply constraints and the weaker Australian dollar.

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Politicians, not public, drive U-turns on green agenda, says UN biodiversity chief

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People are ahead of governments, says David Cooper, who blames backtracking on parties seeking ‘wedge issues’ for electoral gain

Government backtracking on environmental promises is being driven by politicians and vested interests, not the public, the acting UN biodiversity chief has said, as he called for greater support for those experiencing short-term costs from green policies.

David Cooper, acting executive secretary for the UN convention on biological diversity (CBD), told the Guardian he believed the public mood was not moving against greater environmental protections, and that vested interests opposed to action on the climate crisis and nature loss were trying to frustrate progress.

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Oil price leaps and airline shares fall after Hamas attack on Israel

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Investors predict more instability in Middle East, as some flights to Tel Aviv are suspended

Oil and gas prices rose on Monday and airline shares fell amid widespread flight cancellations as markets reacted to the surprise attack on Israel by the militant group Hamas.

Investors appeared to be pricing in the prospect of more instability in the Middle East, given the warning from the Israeli prime minister, Benjamin Netanyahu, that his country was embarking on a “long and difficult war”. The death toll has passed 1,100 since fighting started on Saturday and is rising.

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UK cost of diesel soars as RAC says petrol is ‘overpriced by about 7p a litre’

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Diesel up by more than 8p to 163p in September and petrol by 4.5p to 152p amid global oil production cuts

The price of diesel in the UK has shot up at one of its fastest rates in more than 20 years – while retailers have been accused of charging “unjustifiably” high petrol prices.

Diesel prices rose by more than 8p a litre to 163p in September, the fifth biggest monthly rise since 2000, and on top of another 8p rise the previous month, the RAC said. Petrol prices rose by 4.5p a litre to 152p, the fourth consecutive monthly increase.

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UK go-ahead for North Sea oil and gas field angers environmental groups

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Campaigners including Greta Thunberg had called for halt to Rosebank project involving Oslo-listed Equinor

Britain has given the go-ahead to develop the UK’s biggest untapped oilfield off Shetland, sparking outrage from environmental campaigners.

The UK oil and gas regulator’s decision to grant the Oslo-listed Equinor and the British firm Ithaca Energy permission to develop the Rosebank oil and gas field in the North Sea was condemned by the Green party MP Caroline Lucas as “the greatest act of environmental vandalism in my lifetime”.

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Petrostate windfall tax would help poor countries in climate crisis, says Brown

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Former British PM calls for 3% levy on oil and gas export revenues of biggest producers to generate $25bn a year for global south

Petrostates should pay a small percentage of their soaring oil and gas revenues to help poor countries cope with the climate crisis, the former UK prime minister Gordon Brown has urged.

Countries with large oil and gas deposits have enjoyed a record bonanza in the last two years, amounting to about $4tn (£3.3tn) last year for the industry globally. Levying a 3% windfall tax on the oil and gas export revenues of the biggest-producing countries would yield about $25bn a year.

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Russia temporarily bans export of petrol and diesel to stabilise domestic market

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Four ex-Soviet states excepted from ban, which has been prompted by railway bottlenecks and weak rouble

Russia has temporarily banned exports of petrol and diesel to all countries outside a circle of four ex-Soviet states with immediate effect, in order to stabilise the domestic market.

“Temporary restrictions will help saturate the fuel market, which in turn will reduce prices for consumers,” the Kremlin said in a statement.

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Biden to cancel oil and gas leases in Alaska issued by Trump administration

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Seven oil and gas leases canceled by interior department, which said sale during final days of Trump administration were flawed

The US interior department has canceled seven oil and gas leases in Alaska’s Arctic national wildlife refuge that were part of a sale held in the waning days of the Trump administration, arguing the sale was legally flawed.

The interior secretary, Deb Haaland, said with her decision to cancel the remaining leases “no one will have rights to drill for oil in one of the most sensitive landscapes on earth”. However, a 2017 law mandates another lease sale by late 2024. Administration officials said they intend to comply with the law.

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Petrol prices expected to rise as oil cost climbs above $90 a barrel

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Motorists could be hardest hit after Russia and Saudi Arabia extend cuts to supplies

Motorists are braced for higher pump prices after the cost of oil climbed above $90 a barrel for the first time this year as Russia and Saudi Arabia extended cuts to supplies.

Oil jumped to its highest price since last November, after the two oil-rich nations said they would prolong a plan to withhold supplies from the global market until December.

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African leaders at odds over climate plans as crucial Nairobi summit opens

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Oil-producing African nations argue they should be able to use fossil fuel resources for economic growth

African leaders and campaigners are at odds over the way forward for the continent as a critical climate summit begins in Nairobi.

Some countries, such as Ethiopia, Kenya, Egypt and South Africa, have been expanding their renewable energy access and leading transition efforts on the continent, according to the International Renewable Energy Agency.

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Ecuadorians vote to halt oil drilling in biodiverse Amazonian national park

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Referendum result protecting Yasuní reserve will benefit huge range of species as well as ‘uncontacted’ Indigenous peoples

Ecuadorians have voted in a historic referendum to halt the development of all new oilwells in the Yasuní national park in the Amazon, one of the most biodiverse regions on the planet.

Voters opted to safeguard the unique biosphere by a margin of nearly 20% with more than 90% of the ballot counted – with more than 58% in favour and 41% against, according to Ecuador’s National Electoral Comission. Voting took place in the first round of presidential elections on Sunday.

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