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The Latest Breaking News from Oil

Pipeline operator reaches tentative settlement deal in California oil spill lawsuits

LOS ANGELES — The Texas company that operates the oil pipeline that sent at least 25,000 gallons of crude gushing into the waters off Southern California in a spill last fall has tentatively agreed to settle more than a dozen lawsuits brought by Orange County business owners and residents.

Los Angeles Times

PTT makes move into plant-based products

National oil and gas conglomerate PTT Plc is preparing to build a factory to process a variety of plant-based foods, with the aim of turning them into popular new products.

Bangkok Post

Gas decision undoes climate bill: Bandt

Greens leader Adam Bandt has taken aim at the government's decision to approve thousands of kilometres of offshore waters for oil and gas exploration.

AAP

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24 states get $560M for high-priority cleanup of wells

The Interior Department is giving 24 states a total of $560 million to start cleaning high-priority oil and gas wells abandoned on state and private land

The Independent UK

3 Energy Giants Experts Believe Still Have 15% or More Upside

Potential supply cut concerns are boosting the oil prices while demand remains robust. Amid this, Wall Street analysts expect energy giants Shell plc (SHEL), ConocoPhillips (COP), and TotalEnergies (TTE) to soar 15% or more in the near term. Read more….

StockNews.com

Dow, S&P 500 Record Gains; Crude Oil Falls Sharply

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 1% on Thursday.

Benzinga

Labour calls for emergency budget as energy cap set to top £3,500

Ofgem announcement will ‘strike fear’ into hearts, says Rachel Reeves, amid accusations of profiteering at oil and gas firms

The Guardian - UK

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IndianOil unveils Rs 2 lakh crore net zero greenhouse gas plan

NEW DELHI: India’s largest oil refiner and fuel retailer IndianOil on Thursday unveiled a Rs 2 lakh crore roadmap to achieve net zero greenhouse gas emission from its operations by 2046.

The Times of India

Amplify Energy reaches tentative settlement deal in California oil spill lawsuits

Los Angeles Times

Oil spill settlement reached with California businesses

A pipeline operator says it has reached a settlement with Southern California tourism companies, fishermen and other businesses that sued after a crude oil spill last year

The Independent UK

How to date in 2022 — the new rules of dating

It’s official: we’ve been swiping for a decade — so what has Tinder taught us? Annie Lord presents a modern guide (spoiler: delete the apps)

Evening Standard

Celebrate National Burger Day with a three-tier wedding cake

Heinz has come up with a recipe for a life-like burger cake

Wales Online

The Heat Is On — And So Is The Creation Of New ESG Funds

Over the last year, unique natural phenomena — including record heat waves in Europe — have contributed to high gas prices. Heat waves brought about droughts, which have reduced the supply of water and farmland.

Benzinga

North Sea oil giant’s huge profit set to fuel fresh row

Hike just hours ahead of announcement of unprecedented rise in domestic gas and electricity bills

Evening Standard

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Reuters

Oil money is flooding into Guyana. Who will benefit?

Ever since Exxon Mobil found vast deposits of oil off Guyana's coastline in 2015, government leaders have pledged that black gold would transform the fortunes of one of South America's poorest countries.

The New Daily

Market wrap: Crude oil price continues to climb, dragging petrol with it

Meanwhile, the ASX200 eased ahead as traders digested a busy week of earnings reports as corporate Australia negotiates higher costs and interest rates.

The National (Scotland)

More than 60,000 sign petition demanding Tories halt approval of Jackdaw gas field

CLIMATE groups and activists have delivered a petition to No 10 calling on the UK Government to halt approval of Jackdaw – a new North Sea gas oil…

The Guardian - UK

Harbour Energy defends extra investor payout after 12-fold rise in profits

North Sea’s biggest oil and gas producer enjoys jump in fossil fuel prices following invasion of Ukraine

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Asharq Al-Awsat

Saudi Arabia Records Surges in Non-Oil Exports

The value of non-oil exports (including re-exports) during June 2022 reached SR30 billion, compared to SR24 billion during June 2021, with an increase of SR6 billion or 26.8%, new data from the General Authority for Statistics (GASTAT) showed. Saudi Arabia’s non-oil exports surged by 31 % in the second quarter…

The Independent UK

US envoy says Russian invasion speeds shift to clean energy

U.S. Deputy Special Envoy for Climate Rick Duke says Russia’s invasion of Ukraine will accelerate the world’s shift to renewable energy because of price shocks in oil and gas

Radio France Internationale

TotalEnergies accused of supplying fuel to Russian warplanes in Ukraine

The French Transport Minister has called for an investigation into whether French oil giant TotalEnergies was involved in supplying jet fuel to the Russian military through a local joint venture.

Wales Online

Rain could become Wales' 'oil of the future' according to expert

Questions have been raised as to whether Wales should charge to send rain water to England

Daily Record

Tesco issues urgent recall for tablets as customers warned not to take them

They have been found to contain an illegal level of one of the chemical ingredients.

Evening Standard

Best sunscreen sticks for soft skin and sunshine protection

Less application time = more time enjoying the sunshine.

The Conversation

Opening 10 new oil and gas sites is a win for fossil fuel companies – but a staggering loss for the rest of Australia

Federal Resources Minister Madeleine King yesterday handed Australia’s fossil fuel industry two significant wins.

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