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The Latest Breaking News from Oil

Two Dead After Fire at Refinery in Russia’s Angarsk

Two people died and two others were injured after a massive fire and explosion at an oil refinery in Russia’s Angarsk in southeastern Siberia, the local governor Igor Kobzev said on Thursday. Kobzev said the fire, initially covering an area of 2,500 square meters belonging to Angarsk Petrochemical Company, was…

Asharq Al-Awsat

Venezuela's Maduro enters 2023 seeking global recognition

Nearly a decade since inheriting Venezuela's leadership, President Nicolás Maduro is working to regain the international recognition he lost when his 2018 re-election was deemed a sham by many

The Independent UK

Big Oil Steps Up To The Climate Change Plate

Achieving “carbon neutrality” is the crucial step along the road to “net zero” which includes the removal from Earth’s atmosphere of all “greenhouse gases”, including methane, nitrous oxide and other hydrofluorocarbons. Indispensable to creating sustainable environments, the health of the planet and the survival of the human race depend on…

Bangkok Post

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Russia discusses debt, energy stability with Venezuela

Russian Deputy Prime Minister Alexander Novak met on Wednesday with Venezuela's oil minister in Caracas, where they discussed oil market volatility and the status of Venezuela's outstanding debts to Russia.

Reuters

Govt pauses new oil and gas exploration

Energy Minister Megan Woods has announced a pause on all remaining oil and gas exploration until after the election.

Newsroom.co.nz

Campaign behind a California oil and gas veto referendum submits nearly 1 million signatures

On Dec. 13, California Independent Petroleum Association (CIPA), which is leading the Stop the Energy Shutdown campaign, announced that the campaign to place a veto referendum to repeal recently passed oil and gas regulations on the 2024 ballot had collected over 978,000 signatures.

Ballotpedia

Keystone Pipeline ran at heightened pressure before Kansas oil spill, cause still unknown

A special exemption from 2017 allowed the Keystone Pipeline to operate at pressures above the standard for crude oil transport, a report from the federal government shows. The exemption is receiving new scrutiny following last week’s oil spill in northern Kansas, the largest in the pipeline’s history.

Tribune News Service

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Push to repeal California anti-oil law inches closer to goal

A California law that prohibits new oil and gas wells from being drilled near homes, schools and hospitals could face a referendum in the 2024 election

The Independent UK

Lanarkshire man injured in horror oil rig incident in Qatar as dad says attack was 'unprovoked'

Oil worker Christopher Begley has been hospitalised after an incident at an oil rig in Qatar which left one man dead and another believed to have been taken into custody by police.

Glasgow Live

Increased oil, coal and car use are risking Irish climate targets, says Sustainable Energy Authority of Ireland

SEAI says two significant drivers were rebounding car use post-Covid as well the increasing use of coal and oil to create electricity

Irish Mirror

Explainer: Why Russia remains India's top oil supplier for 2nd month in a row

NEW DELHI: India has become one of the main outlets for Russian seaborne crude oil ever since its invasion of Ukraine in February.

The Times of India

Russian oil revenues fall in November despite production boost

Decline seen as evidence that western efforts to choke off the Kremlin’s earnings are working

The Guardian - UK

Dad of Scot injured in horror oil rig incident says son is victim of 'completely unprovoked attack'

Another man has died in the incident that left Christopher Begley from Glasgow injured.

Daily Record

Man 'working for Scottish firm' dies after incident on Qatar oil rig

The man was found dead on the Seafox Burj platform, located in the Persian Gulf.

The National (Scotland)

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The Independent UK

HSBC updates climate policy to stop funding new oil and gas

British banking giant HSBC announced Wednesday it will no longer finance new oil and gas fields as part of its updated climate strategy

Salon

African nations tap into oil wealth

The continent's vast oil reserves could spell trouble for the climate — and for Africans

Daily Mirror

The truth about fats - and why not all of them are bad for you

Widely regarded as the 'bad guy', this much-maligned foodstuff is actually essential for your health - you just have to make sure you're getting enough of the right type

Asharq Al-Awsat

Iran’s ‘Anger’ Among 3 Reasons for Growing Economic Paralysis in Syria

No one can deny that the economic crisis in Syria is unprecedented. But what are the real reasons for it? Why isn’t Iran helping in resolving it as it had helped the regime throughout the past decade? And will that lead to “political concessions” from Damascus? The economic crisis in…

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Evening Standard

HSBC pulls funds for new oil and gas fields in “green” victory

GREEN campaigners targeting big banks won a victory today, when HSBC said it will no longer lend cash or provide other finance to new oil and gas fields.

The Times of India

Flood of Russian crude heads to Asia after EU ban kicks in

Russia has all but ceased to be a supplier of crude oil to Europe.

The Independent UK

Met chief ‘would love to ignore’ protestors who disrupt motorways

Sir Mark Rowley said he is deeply concerned about the impact of Just Stop Oil demonstrations on policing in London.

Edinburgh Live

Scottish oil worker dies and another injured in Middle East rig platform tragedy

Colleagues on the platform reportedly said the dead man was discovered in a cabin with fatal injuries on Monday night. Another man, also believed to be Scottish, was injured during the incident.

Daily Mirror

Brit found ‘bludgeoned to death’ and another fighting for his life in Qatar mystery

Two Scottish men working on the Seafox Burj platform off the coast of Qatar have been allegedly murdered by their colleague in a mysterious tragedy

Daily Record

Scots oil worker dies and another injured in incident on Qatar rig platform

The incident is understood to have taken place on the facility in the country’s Al Shaheen oil field.

The Conversation

Could Lithuania hold the key to Europe's energy security?

On 19 October, European Commission president Ursula von der Leyen announced that the EU had replaced two-thirds of its Russian gas imports since February by switching to other suppliers. Such a turnaround seemed unattainable last spring, when the invasion of Ukraine turned Moscow from an EU business partner into a…

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