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The Latest Breaking News from Oil

British investors could sue Australia over climate action if UK joins trans-Pacific trade pact

British oil and gas miner Rockhopper Explorations last month won £210 million plus interest (about A$360 million) in compensation over Italy’s 2015 ban on oil and gas drilling within its territorial seas.

The Conversation

Heat wave puts California in fossil fuel conundrum

A record heat wave put California in a fossil fuel conundrum: The state has had to rely more heavily on natural gas to produce electricity and avoid power outages while Democratic Gov. Gavin Newsom’s administration moves toward ending the use of oil and gas

The Independent UK

Lisburn councillor fears residents will chop down trees for fire wood as energy crisis worsens

Another rep tells of man getting bill for £2,300 after tank filled with oil

Belfast Live

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The £2 tip to keep spiders out of your house as Autumn beckons

As spider season starts, an expert shares her tip for making sure the eight-legged fiends don't take up residence in your home

Chronicle Live

Indane LPG bookings back to normalcy

Delivery system experienced outage

The Hindu

Nasdaq Surges 100 Points; Crude Oil Falls Sharply

U.S. stocks traded higher midway through trading, with the Nasdaq Composite adding more than 100 points on Wednesday.

Benzinga

Gibraltar to reopen port after ship fuel spill emergency

Gibraltar says it hopes to partially reopen its port after removing most of the oil from a stricken ship that collided in its bay area last week

The Independent UK

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Viewers slam 'unaffordable' Steph’s Packed Lunch segment that suggests using olive oil instead of mouthwash

The immunity boosting tip was meant to help viewers avoid catching colds and flu this season. Some viewers criticised the swap for being tough "on the wallet".

Liverpool Echo

Hike UK oil and gas production to reduce reliance on imports, energy body urges

Offshore Energy UK claims that the UK’s reliance on oil and gas imports will rise without more North Sea projects being given the green light.

Evening Standard

Gabon: The high cost of 'low-cost' oil

Puddles of oil in the forests, polluted lagoons, crabs covered in oil: with photos and videos, activists have been denouncing recurrent pollution in western Gabon. In three years, they have recorded ten polluted sites in the Etimboué region, all of them located near the oil fields belonging to the Franco-British…

France 24

Liz Truss comes under fire for refusing to extend windfall tax at first PMQs

LIZ Truss came under fire for her refusal to tax corporations making record-busting profits amid the cost of living crisis during her first…

The National (Scotland)

EU plans to cap Russian gas price as Putin warns West of winter freeze

The European Union proposed a price cap on Russian gas on Wednesday after President Vladimir Putin threatened to cut off all energy supplies if it took such a step, raising the risk of rationing in some of the world's richest countries this winter.

Reuters

G2 Energy Issues Shares to the Sellers of Masten Unit

Vancouver, B.C. - TheNewswire - September 2, 2022 - G2 Energy Corp. (CSE:GTOO), (CSE:GTOO), (OTC:GTBE), (FWB:FKN:UD9) (the "Company" or "G2") announces that pursuant to the previously announced news releases, on June 1, 2022, in connection with the acquisition of the Masten Unit (an oil and gas producing field) (the "Masten Unit")…

Benzinga

'I gave up my oven and only used my air fryer for week - I saved money and time'

As concerns grow over energy-guzzling home appliances during the cost of living crisis, I recently bought an air fryer to see if I could cut cooking times and make delicious meals - the results were surprising as someone who struggles for culinary inspiration

Daily Mirror

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Asharq Al-Awsat

Kuwait’s Long-Time Parliament Speaker Bows Out of Sept. Elections

Kuwait's parliament speaker Marzouq al-Ghanim said he would not run in legislative polls this month, a day before the deadline for submission ends. Kuwait will hold early elections on Sept. 29 after the crown prince appointed a new prime minister and dissolved parliament in a bid to resolve the feud…

Insider UK

Oil and gas trade body calls for more offshore wind

While also demanding Westminster issues the next round of North Sea exploration licences

The Independent UK

Green groups criticise appointment of Jacob Rees-Mogg to energy and climate role

The new Business Secretary has signalled support for fossil fuels and warned against ‘climate alarmism’.

Daily Record

Cheap £2 spider deterrent expert 'swears by' to repel bugs during mating season

The DIY spray is said to help beat back the invasion of spiders this autumn.

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news in one place.

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Insider UK

Capricorn Energy considers Tullow Oil deal alternatives

Half-year report reveals Edinburgh-based energy firm is listening to shareholders that oppose the merger

Asharq Al-Awsat

Saudi GDP up 12.2% in Second Quarter, Exceeding Initial Estimate

Saudi Arabia's real gross domestic product expanded by 12.2% in the second quarter compared with the same period of 2021, data showed on Wednesday, as the world's top oil exporter reaps the rewards of high crude prices and a post-pandemic recovery. The second quarter growth figure exceeded a flash government…

The Guardian - UK

Pound falls to lowest level since 1985 against dollar – as it happened

IFS boss says Liz Truss’s plans to freeze energy bills ‘very poorly targeted’; Putin threatens to cut off energy supplies if price caps are imposed; UK housing market shows signs of slowing

France 24

Europe prepares for energy crisis as Russia slashes supplies of natural gas

Europe is struggling to contain an energy crisis that could lead to rolling blackouts, shuttered factories and a deep recession.

The Independent UK

Three recipes to help you master Asian flavours at home

Philli Armitage-Mattin’s new book helps you understand your palate, so you can cook the food you love to eat every time, writes Prudence Wade

The Guardian - UK

MPs call on Liz Truss to hold to net zero target after campaign pledges

Exclusive: 29 MPs and peers urge new PM to recommit to target after her campaign promised to expand oil and gas production

The Independent UK

Domestic energy spend to top £100bn after October price rise, report estimates

The economic report by the Offshore Energy UK has set out measures the UK Government can take to ease the pressure.

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