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The Latest Breaking News from Oil

Wanted: one supertanker to stop environmental disaster in the Red Sea

Ship needed to transfer 1mn barrels of oil from stricken FSO Safer moored off the coast of Yemen

Financial Times

'Conspiracy' to hide extent of oil wealth from Scotland's people, Tom Devine says

THE secrecy around the McCrone Report formed part of a “conspiracy” to keep the public from knowing the extent of the oil riches in the North…

The National (Scotland)

How the McCrone Report influenced the creation of the Scotland Act

CONTROL over North Sea oil and gas was reserved under the Scotland Act due to “nervousness” in the UK Government of the time that the boost to…

The National (Scotland)

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How Scotland's oil funded Thatcher's devastating transformation of Britain

THE first thing you ought to know about Scotland’s oil money is that it was never officially recognised as such when it was swallowed up by…

The National (Scotland)

What is the Norwegian oil fund and how does it work?

IN 1969, one of the largest offshore oilfields in the world was discovered off Norway and, suddenly, the country had a lot of product to sell.

The National (Scotland)

What it was like watching Westminster get rich from Scotland’s oil

IN the 1970s, the discovery of oil changed the landscape of Scottish politics ...

The National (Scotland)

IRPC hopes margin will rise this year

IRPC, the petrochemical arm of national oil and gas conglomerate PTT Plc, expects to see gross integrated margin (GIM) in its oil refinery and petrochemical businesses grow to US$13-14 per barrel on average this year as the petrochemical industry downturn has passed.

Bangkok Post

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Will China’s latest investment in Afghanistan actually work?

While a deal to extract oil has raised hopes in the war-torn nation, experts warn of China’s sketchy record.

Al Jazeera

Woodside accused of not taking carbon emission responsibilities seriously in new climate report

Climate action groups are warning some of the nation's biggest emitters face growing increasingly isolated from shareholders and industry groups if they do not act to reduce their carbon output.

ABC News

Tiwi Islanders accuse Santos of leaving out Barossa gas project environmental risks from community consultations

Tiwi elder Therese Bourke says she felt like Santos was "sweetening up" community members at consultation meetings last month.

ABC News

Texas Oil and Gas Producers Want Their Tax Break Back

An effort to resurrect Texas’ Chapter 313 tax abatement is underway in the Legislature.

Capital & Main

Largest vessel ever welcomed to the Humber as near 20-year record sunk

333-metre Maran Lupus calls at Immingham Oil Terminal to deliver crude for refining

Birmingham Post

The 4 Best Dividend Stocks to Buy for an Early Retirement

The stubbornly high inflation is increasing the likelihood that the Federal Reserve will continue its economically painful monetary policy for longer than anticipated, which could tip the economy into a recession. Despite the uncertainties, quality dividend-paying stocks BHP Group (BHP), Telekom Austria (TKAGY), Global Partners (GLP), and MV Oil (MVO)…

StockNews.com

Carbon credits, nuclear energy part of net-zero arsenal

The Minerals Council says carbon credits are essential to manage mining emissions and remain competitive until electrification technology is widely available.

AAP

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The Independent UK

Energy agency: SUV growth weighs on emissions, batteries

The International Energy Agency says ever bigger cars pose a growing problem for the environment because they produce more greenhouse gas emissions and need larger batteries than their smaller cousins

The Guardian - UK

Climate campaigners sue BNP Paribas over fossil fuel finance

Action against one of Europe’s largest financial institutions is the first climate-related lawsuit against a commercial bank

Chicago Sun-Times

These Italian-style ‘smothered’ meatballs are hearty comfort food

No matter how you roll and cook them, meatballs are dependable dinner-winners. They are unfailingly forgiving, pleasing to all ages and adaptive to taste, diet and cuisine.

The National (Scotland)

'No new oil': Campaign groups project message onto Dundee oil rig

CAMPAIGN groups projected the messages “Stop Rosebank” and “Fossil Fuels are killing us” onto an oil rig in Dundee.

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news in one place.

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Bangkok Post

IRPC hopes to see GIM rise this year

The Independent UK

Three spring recipes inspired by Borough Market

With the hope of spring and its delicious, colourful produce on the horizon, Angela Clutton recommends three dishes that make the most of Borough Market’s bounty

Tribune News Service

Gretchen's table: Hooked on salmon, fried rice and veggies

It's Lent. Which means many are going to be eating a lot of fish, thanks to Friday night fish fries.

Fortune

How the Ukraine war has changed business

There have been big effects on more than just supply chains and inflation.

Insider UK

Capricorn Energy appoints new chief financial officer

Latest trading update also confirms new board will report on its strategic review in April

Birmingham Post

Essar Group to invest $2.4bn at Stanlow site through new venture

EET will include Essar Oil UK, Vertex Hydrogen, EET Future Energy, Stanlow Terminals Ltd and EET Biofuels

The Guardian - AU

Afternoon Update: Woodside profit more than triples; ‘illegal’ strip search claims; and New York’s mountain of weed

Oil and gas giant’s underlying profit hits $7.7bn as energy prices surge in wake of Ukraine invasion

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