The Latest Breaking News from Oil

Rishi Sunak commits to hundreds of new North Sea oil and gas licences alongside carbon capture investment

The prime minister said he is backing the North Sea oil and gas industry to ‘make Britain more energy independent’

The Independent UK · Jul 31, 2023

UK mortgage approvals jump unexpectedly; eurozone returns to growth as inflation falls – as it happened

UK mortgage approvals rise to eight-month high in June, while eurozone GDP rises after narrowly avoiding winter recession

The Guardian - UK · Jul 31, 2023

Rishi Sunak announces hundreds of new oil and gas licences for North Sea

THE Prime Minister has confirmed that hundreds of new North Sea oil and gas licences will be granted in the UK.

The National (Scotland) · Jul 31, 2023

Rishi Sunak to use Scottish trip to attack Labour stance on North Sea oil

Visit to Aberdeenshire intended as chance for PM to criticise opposition with reports he could announce 100 new drilling licences

The Guardian - UK · Jul 30, 2023

More corrupt, fractured and ostracised: how Vladimir Putin has changed Russia in over two decades on top

Vladimir Putin’s own version of history casts himself as modern Russia’s bulwark and champion.

The Conversation · Jul 30, 2023

Modi government looting people, ruthlessly profiteering from petrol, diesel: Jairam Ramesh

NEW DELHI: Congress general secretary in-charge of the communications department Jairam Ramesh levelled a serious allegation against the Narendra Modi government at the Centre by stating that it is looting the people and resorting to brazen profiteering by selling cheap oil at exorbitant prices.

The Times of India · Jul 30, 2023

Congress accuses the Modi government of profiteering from low international crude prices

Congress general secretary Jairam Ramesh quoted a CRISIL report to argue that public sector oil companies would make an operating profit of ₹1 lakh crore as against ₹33,000 crore last year.

The Hindu · Jul 30, 2023

Oil and gas sector's low compliance with methane regulations jeopardizes Canada's net-zero goals

Regulating greenhouse gas (GHG) emissions is an important part of Canada’s strategy to achieve net-zero emissions by 2050. However, a newly published study by our team of researchers at St. Francis Xavier University illustrates why regulation is only a first step.

The Conversation · Jul 30, 2023

The “1-mile rule”: Texas’ unwritten, arbitrary policy protects big polluters from citizen complaints

It’s not found anywhere in state law or the Texas Commission on Environmental Quality’s rules, but for years the agency has denied citizens the ability to challenge air pollution permits because they live more than a mile away.

The Texas Tribune · Jul 30, 2023

Rishi Sunak plans to ‘power up Britain from Britain’ amid Tory concern over green policies

Comes after concerns of a softening of the government’s committment to net zero and other environmental policies

The Independent UK · Jul 29, 2023