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The Latest Breaking News from Oil

‘Outrageous’ Shell bonus triggers call for higher windfall tax – but UK firms take hit from levy

‘The money being made out of Putin’s war should be helping struggling families’

The Independent UK

Harbour Energy‘s profits ‘all but wiped out’ by windfall tax

UK oil and gas producer plans to cut both jobs and investment due to the energy levy backlash

Insider UK

U.S. sanctions China-based network accused of supplying Iran drone maker

The United States on Thursday imposed sanctions on a China-based network over accusations it has shipped aerospace parts to an Iranian company involved in the production of drones that Tehran has used to attack oil tankers and exported to Russia.

Reuters

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Olive oil by-product could aid exercise: Research

According to new research, a natural byproduct of olive oil production may have antioxidant properties and may help with exercise. Read further on Dynamite News:

Dynamite News

Five Dublin food businesses served closure orders in February

From rat droppings and dead mice, to water leaking from the staff toilet, soaking the carpet and flowing into the food storage area, here are the main reason why five venues in Dublin were closed in February

Dublin Live

Shell CEO pay up 50% as soaring energy prices boosted profit

The pay package for Shell’s CEO jumped by half last year to nearly $12 million

The Independent UK

New Utah oil railroad by Colorado River raises health and climate fears

Railway is forecast to quadruple crude oil production in the Uinta Basin and will damage Biden’s climate credentials, campaigners say

The Guardian - US

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North Sea’s biggest energy producer claims UK windfall tax ‘wiped out’ surge in profit

Harbour Energy says it had to cut jobs and investment at same time as announcing new shareholder payouts taking total to $1bn

The Guardian - UK

A year after the Ukraine invasion, oil market much changed

HOUSTON: A year after Russia's invasion of Ukraine, the oil market has become more fragmented and uncertain, a dynamic expected to boost crude prices over the long term.

Bangkok Post

Burnett Mary Regional group to produce biofuel with commercial pongamia crop

An environmental group is set to produce biofuels for the Japanese aviation industry by establishing a commercial pongamia plantation in Queensland.

ABC News

US issues warrant for $25m aeroplane owned by Russian oil giant

US government alleges the Boeing-made plane violated sanctions and commerce law by travelling to and from Russia.

Al Jazeera

US gets warrant to seize plane owned by Russian oil firm Rosneft

The United States on Wednesday obtained a warrant to seize a Boeing aircraft owned by Russian oil company Rosneft that is valued at over $25 million, the U.S. Justice Department said.

Reuters

TOP allots $1bn capex to support growth

Thai Oil Plc (TOP), the country's largest oil refinery by capacity, plans to allocate capital spending worth US$1 billion to grow its businesses between 2023 and 2025, with half the budget going to the Clean Fuel Project (CFP).

Bangkok Post

Scalise says House will move on GOP energy package this month

WASHINGTON — The House will take up legislation on energy issues during the last week of March, House Majority Leader Steve Scalise said Wednesday.

Tribune News Service

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StockNews.com

Give Your Portfolio an Energy Boost With These 4 Stocks

Regardless of the retreat in oil and gas prices from their peaks almost a year ago, resurgent global energy demand amid constrained supplies appears to be an enduring tailwind for U.S. energy producers. Hence, it could be wise to invest in fundamentally sound energy stocks, Valero Energy (VLO), Unit Corporation…

Daily Mirror

Man's 'crippling' £3K bills after replacing boiler with Government-backed heat pump

The government is providing grants for up to £5,000 to home owners who remove a gas central heating and hot water system and replace it with a heat pump

The Independent UK

TikTok campaign targets Biden on proposed Alaska oil project

A social media campaign is urging President Joe Biden to reject an oil development project on Alaska's North Slope

Roll Call

Scalise: Broad GOP energy package to House floor this month - Roll Call

The House will take up legislation on energy issues during the last week of March, the chamber's majority leader said Wednesday.

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news in one place.

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The Independent UK

Denmark hopes to pump some climate gas beneath the sea floor

Denmark pushed the button Wednesday on an ambitious project that aims to bury vast amounts of planet-heating carbon dioxide gas beneath the North Sea floor in the hope that it can help the Nordic nation and others meet climate targets

Motorsport

Motul launches new Kawasaki Genuine Oil products at WSBK

It is easy to underestimate the role oil and lubricants play in maintaining an engine while offering maximum performance from a motorcycle. Using inferior or substandard products can have an adverse impact on the life of a bike, leading to expensive bills for repairs - or worse replacement parts.

StockNews.com

3 Momentum Stocks to Buy for Big Gains

Fed’s hawkish stance to tame stubbornly high inflation and the recessionary concerns have weighed heavily on investors’ sentiments. Despite such market uncertainties, quality momentum stocks Jabil (JBL), Overseas Shipholding Group (OSG), and Adams Resources & Energy (AE) look poised to deliver big gains in 2023. So, these stocks could be…

The Guardian - UK

How to make mayonnaise easily with a stick blender – recipe

Mayo always seems a faff to make yourself, but if you can get hold of a stick blender and a narrow jug, just follow these easy steps

Bangkok Post

Thai Oil allots $1 billion for expansion

Thai Oil Plc (TOP), the country’s largest oil refinery by capacity, plans to allocate capital spending worth US$1 billion to expand its businesses between 2023 and 2025, with half the budget going to the Clean Fuel Project (CFP).

Wales Online

Man gets £3,000 power bill after switching boiler for Government-backed pump

Steve got a £5,000 grant to install the green alternative but his electricity bills have shot up

Bangkok Post

Dozens sick after Philippine oil spill

MANILA: Dozens of people in the Philippines have fallen ill after oil from a sunken tanker washed up on their shores, officials said Wednesday, as authorities struggled to reach the leaking vessel.

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