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The Latest Breaking News from Oil

US to approve Alaska ‘carbon bomb’ drilling project: Reports

Reported decision to proceed with the Willow project comes as curbs on energy extraction in the region were announced.

Al Jazeera

Alaska’s Willow arctic drilling project is a climate turning-point. Biden must say no

If approved in full, the Willow project would mean the construction of 219 wells and hundreds of miles of pipelines

The Guardian - US

Editorial: Developing accord could vastly improve oceans' survival chances

There’s hope yet for Planet Earth. Representatives of 70 nations along with oil companies and major shipping lines have agreed in principle on a plan to stabilize oceans, limit exploitation and preserve habitats for marine life. That might not seem like such a big deal for landlocked Missourians, but there’s…

St. Louis Post-Dispatch

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Russia's economy holds up, but growing challenges test Putin

Russia has weathered sweeping Western economic sanctions better than many expected

The Independent UK

Biden administration ‘to approve’ controversial Willow oil project in Alaska

The Willow project reportedly to get go-ahead within the largest tract of undisturbed public land in the United States

Evening Standard

Biden to protect 16 million acres in Alaska as oil project decision nears

The action comes ahead of the Biden admin's expected approval of the controversial Willow oil project.

Axios

As Biden weighs the Willow oil project, he blocks other Alaska drilling

The move to limit oil drilling in 16 million acres in Alaska and the Arctic Ocean comes as regulators prepare to decide on the Willow project, a controversial plan pushed by ConocoPhillips.

WEKU

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Saudi state-owned oil giant sees record profit of $161bn

It comes as energy prices spiked following Russia’s full-scale invasion of Ukraine in February 2022

The Independent UK

As Biden weighs Willow, he saves other areas from drilling

President Joe Biden will announce on Monday new protections against oil drilling in Alaska and the Arctic Ocean

The Independent UK

13 Boots Mother's Day gift sets with up to half price deals on No7, Soap & Glory, Clinique and more

With prices starting from just £10, these luxurious sets contain collections of bath, beauty and skincare favourites with some worth over £100

Chronicle Live

Dog owners issued urgent warning amid 'potentially fatal' substances washing up on UK shores

Dog owners all across the UK have been warned about palm oil globules which have been washing up on beaches, as they could harm or even potentially kill pets through blockages to digestive systems when consumed.

Chronicle Live

Saudi Aramco’s $161bn profit is largest recorded by an oil and gas firm

Amnesty International hits out at ‘shocking’ annual figure reaped through sale of fossil fuel

The Guardian - UK

SNP candidates respond to seven key questions from North-East independence group

AN Aberdeen independence group has praised SNP leadership candidates for their response to seven

The National (Scotland)

Four takeaways as oil giant Saudi Aramco reports a huge $161 billion profit

The world's biggest oil company has announced it made $161 billion in profits in 2022, a whopping figure for the corporation and its main shareholder, the Saudi government.

WEKU

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Asharq Al-Awsat

Egypt, US Discuss Energy Security

Egypt’s Minister of Petroleum and Mineral Resources Tarek el-Molla held several meetings in Washington with some businessmen, research and academic institutions, officials of the Ministry of Energy, and members of the US Congress. The Minister said that his visit to the US aimed to discuss ways to enhance cooperation in…

Bangkok Post

Saudi Aramco reports 'record' $161 billion profit for 2022

RIYADH - Saudi Aramco said on Sunday it achieved "record" profits totalling $161.1 billion last year, drawing an outraged response from activists warning about the ravages of climate change.

Asharq Al-Awsat

Saudi Aramco Reports ‘Record’ $161 Billion Profit for 2022

Saudi Aramco said on Sunday it achieved "record" profits totalling $161.1 billion last year, its highest annual profits as a listed company. In a statement announcing 2022 results, Aramco said the achievements were "underpinned by stronger crude oil prices, higher volumes sold and improved margins for refined products, while the…

The New Daily

Oil giant Saudi Aramco announces $US161 billion profit

Saudi Aramco has announced it earned a $US161 billion ($245 billion) profit last year, with higher crude oil prices propelling profits.

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The Independent UK

Oil giant Saudi Aramco has profits of $161B in 2022

Oil giant Saudi Aramco says it earned a $161 billion profit last year

The Guardian - US

Biden denies reports that Alaska oil drilling project has been approved

Signing off on the Willow plan would place the president’s political career in conflict with climate-minded Democrats

The Guardian - UK

The first great energy transition: how humanity gave up whaling

The modern oil industry was born in 1859, yet it would take more than 100 years – and the near-extinction of a species – before it replaced blubber as a resource. As we seek to replace oil, in turn, are there lessons to be learned?

Al Jazeera

‘Changing global order’: China’s hand in the Iran-Saudi deal

China brokering a deal between longtime Gulf rivals is ‘a broader sign of a changing global order’, analysts say.

Bangkok Post

Philippines seeks help with oil spill

MANILA: The Philippines has sought help from Japan and the United States as authorities struggle to contain and clean up an oil spill 10 days after a tanker sank.

Tribune News Service

Saudi Arabia and Iran ease Mideast rift that rattled oil

Iran and Saudi Arabia agreed to restore diplomatic ties under a deal facilitated by China, easing a geopolitical rivalry in the Persian Gulf and highlighting Beijing’s growing influence in the region.

Tribune News Service

Biden officials back Alaska oil project that critics call a climate catastrophe

The Biden administration has decided to authorize a mammoth ConocoPhillips oil project in northwest Alaska, rejecting arguments from environmental activists who insist it will exacerbate climate change, according to people familiar with the matter.

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