Category Archives: Gas

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

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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.

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Australia’s emissions up slightly in 2024 as Labor faces heat over ‘climate-wrecking’ gas project

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Greens leader accuses Albanese government of failing two climate tests: pollution on the rise and approving extension for North West Shelf

Australia’s climate-heating emissions increased fractionally last year as pollution from fossil fuel power plants rose for the first time in a decade, and domestic air travel and use of diesel-powered cars and trucks hit record highs.

The jump in emissions was small – just 0.05% – due to falls in pollution from other sectors. But the direction was at odds with the Albanese government’s pledge to cut pollution to reach targets for 2030 and 2050.

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No one committed to Paris goals can seriously argue Woodside’s LNG project should operate until 2070

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Forty-year extension of North West Shelf gas project granted by environment minister Murray Watt will result in huge greenhouse gas emissions, putting the already degraded Indigenous rock art at risk

We don’t know all the evidence that the new environment minister, Murray Watt, had before him when he decided to approve a 40-year life extension to one of Australia’s biggest fossil fuel developments so that it could run until 2070.

But we do know this. The decision largely turned on whether the North West Shelf liquefied natural gas (LNG) development on the Pilbara’s Burrup Hub can coexist for decades into the future with an incredible collection of ancient Murujuga rock art, some of it nearly 50,000 years old and unlike anything else on the planet.

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Pro-gas group with link to Liberal party referred to ACCC over alleged misleading claims

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Integrity organisation claims Australians for Natural Gas overstates role of gas in economy and failed to disclose directors’ links to industry on website

The Australian Competition and Consumer Commission (ACCC) has been asked to investigate allegedly misleading claims made by Australians for Natural Gas, a pro-gas group with directors who include a gas industry executive and a Liberal candidate running in the federal election.

Lawyers acting for Climate Integrity, a not-for-profit focused on corporate accountability, have filed a complaint with the ACCC. They argue the website and advertising materials of Australians for Natural Gas have failed to disclose its directors’ links to the gas industry and Liberal party, and overinflated the role of gas in the economy and energy transition.

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

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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.

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China to snub UK energy summit amid row over infrastructure projects

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Exclusive: Absence of world’s biggest clean energy producer will be welcomed by US pushing oil and gas exports

China is to snub a major UK summit on energy security next week, the Guardian has learned, amid a growing row over the country’s involvement in UK infrastructure projects.

The US will send a senior White House official to the 60-country summit, to be co-hosted with the International Energy Agency. Leading oil and gas companies are also invited, along with big technology businesses, and petrostates including Saudi Arabia, Qatar and the United Arab Emirates.

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EU mulls plan to let importers break Russian gas contracts without penalties

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European Commission may reportedly let companies declare force majeure as part of strategy to rid bloc of Russian fossil fuels by 2027

The European Commission is considering plans that would allow European companies to break long-term Russian gas contracts without paying penalties to Moscow, it has been reported.

Citing three officials with knowledge of the plan, the Financial Times reported that the commission was studying the possibility of allowing companies to declare force majeure, which would absolve importers of their obligations to pay penalty fees for ending contracts.

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Victorian Liberal leader distances state party from Peter Dutton’s nuclear proposal: ‘Our focus is gas’

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Exclusive: Brad Battin says he had a conversation with the federal opposition leader about the ‘language’ he would use about plans to build a nuclear reactor in eastern Victoria

The Victorian opposition leader says he discussed the language he would use to distance the state party from the federal Coalition’s campaign to build a nuclear reactor in the Latrobe Valley, telling Peter Dutton “it’s your campaign”.

The Loy Yang coal-fired power station in the Latrobe Valley east of Melbourne is one of seven proposed sites for the federal Coalition’s proposal to build nuclear reactors, the centrepiece energy policy the federal Liberal leader will be taking to the 3 May poll.

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US ‘demands control’ from Ukraine of key pipeline carrying Russian gas

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Senior Kyiv economist describes latest postion of Trump administration in talks as ‘colonial-type’ bullying

The US has demanded control of a crucial pipeline in Ukraine used to send Russian gas to Europe, according to reports, in a move described as a colonial shakedown.

US and Ukrainian officials met on Friday to discuss White House proposals for a minerals deal. Donald Trump wants Kyiv to hand over its natural resources as “payback” in return for weapons delivered by the previous Biden administration.

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NSW solar farm to supply almost half energy needs of major gas company

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Shift away from fossil fuels by BOC is expected to cut company’s Australian emissions 40% by 2035 and follows similar commitment by Rio Tinto

A major industrial gas company in Australia will shift its power use away from fossil fuels and instead meet nearly half its electricity needs across three states from solar.

BOC, owned by global gas and engineering company Linde, supplies speciality gases to large manufacturers, industry and oxygen to hospitals.

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BP to almost double oil and gas production by 2030 in move away from green goals

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Firm will be selective about investing in low-carbon options, slashing more than $5bn from previous green plan

BP is almost doubling its target for oil and gas production by the end of the decade and slashing its spending on low-carbon energy as part of a fundamental reset of the troubled company away from previous green goals.

The FTSE 100 fossil fuel company has promised shareholders it will increase its planned oil and gas production by 2030 to the equivalent of about 2.4m barrels a day – almost twice the figure in its net zero plan set out five years ago.

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US fossil fuel industry campaigns to kill policies that ban gas in new buildings

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Oil and gas interests coordinate campaign to stop local and state policies, putting climate at risk, new report shows

Oil and gas interests have waged a coordinated campaign to kill pro-electrification policies that ban gas connections in new buildings, putting the climate at risk, according to a new report.

Since 2019, utilities and fossil fuel trade groups, including the American Gas Association (AGA) and National Propane Gas Association (NPGA), have worked together to successfully thwart various local and state efforts.

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Energy giant AGL disputes $25m fine for wrongly taking welfare money from hundreds as ‘excessive’

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Exclusive: Court documents obtained by Guardian Australia show appeal argues judge was wrong to decide penalty was needed to ‘provoke’ leadership attention

Energy giant AGL is disputing a “manifestly excessive” $25m fine for using the Centrepay debit system to wrongly take welfare money from hundreds of vulnerable Australians. It argues that a judge should not have used the massive financial penalty to try to “provoke some attention” from the company’s board and executive leadership.

Late last year, the federal court imposed the hefty fine and excoriated AGL for wrongly taking money from 483 welfare recipients via Centrepay, the scandal-plagued, government-run system that allows automatic diversion of social security payments to essential services, like electricity bills and rent.

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Redrawing of global energy markets map set to heap benefits on US

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The prospects of peace and the return of Russian gas looks likely to serve the interests of Donald Trump

The Kremlin’s invasion of Ukraine three years ago has reverberated through the global energy industry; unravelling Europe’s decades-long reliance on gas imported via pipelines from Russia, and triggering a global squeeze on gas markets that unleashed a cost of living crisis still felt today.

The prospect of a peace deal has many wondering whether the energy industry could be upended once again; this time giving way to a market serving the interests of the US president hoping to broker the deal.

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‘Misleading’: Gina Rinehart’s mining firm breached environmental code with ‘clean gas’ job ad, panel rules

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Ad Standards Community Panel upholds complaint over Hancock Prospecting’s promotion in the Weekend Australian

The advertising regulator has found that Gina Rinehart’s Hancock Prospecting misled consumers with an unsubstantiated claim that gas was clean, in an online advertisement in The Australian last year.

Ads for Hancock Prospecting’s recruitment webpage futureaustralianjobs.com ran in the digital edition of the Weekend Australian in October 2024.

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‘Backsliding’: most countries to miss vital climate deadline as Cop30 nears

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Developing countries urge biggest polluters to act as Trump’s return to the White House heightens geopolitical turmoil

The vast majority of governments are likely to miss a looming deadline to file vital plans that will determine whether or not the world has a chance of avoiding the worst ravages of climate breakdown.

Despite the urgency of the crisis, the UN is relatively relaxed at the prospect of the missed date. Officials are urging countries instead to take time to work harder on their targets to cut greenhouse gas emissions and divest from fossil fuels.

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US gas prices likely to go up with Trump tariffs on Canadian and Mexican oil

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Tariffs on imports mean higher costs for finishing fuels, much of which is likely to be passed on to consumers

US consumers will see higher prices at the gas pump from Donald Trump’s decision on Saturday to apply tariffs on Canadian and Mexican oil, according to analysts and fuel traders.

The likely hike in fuel prices reflects the double-edged nature of Trump’s trade protections, which are designed to bolster domestic business and pressure US neighbors to curb illegal immigration and drug smuggling, but which will also run counter to his promises to tackle inflation.

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Rosebank oilfield go-ahead decision ruled unlawful by Edinburgh court

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Court says UK government green light for Rosebank and Jackdaw permits does not take into account CO2 emissions

The decision to greenlight a giant new oilfield off Shetland has been ruled unlawful by the courts in a major win for environmental campaigners.

The proposed Rosebank development – the UK’s biggest untapped oilfield – had been given the go-ahead in 2023 under the previous government.

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The oil crisis fuelled by Russia’s war is evaporating – and so are the profits

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Results from Shell and Exxon this week will be weaker – and Trump’s desire to drill may result in oversupply

Almost three years ago, Russia’s invasion of Ukraine wiped out Europe’s largest source of gas and shocked global energy markets, setting the stage for quarter after quarter of better-than-expected earnings for the fossil fuel producers ready to profit from the volatility. Now those returns are beginning to cool.

But as markets have reduced to a simmer, oil executives have warned that profits are also going off the boil. A glut of new oil and gas projects, stoked by a pro-fossil-fuel agenda from the White House, could mean weaker markets in the future too.

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Russian gas shutdown forces closure of almost all industry in Transnistria

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Pro-Russia Moldovan region suffers major hit after Ukraine ends transit agreement, with only food producers functioning

The shutdown of Russian gas supplies to Moldova’s breakaway Transnistria region has forced the closure of all industrial companies except food producers.

The mainly Russian-speaking territory of about 450,000 people, which split from Moldova in the 1990s as the Soviet Union collapsed, has suffered a painful and immediate hit from Wednesday’s cut-off of Russian gas supplies to central and eastern Europe via Ukraine.

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