Avainsana: oil
Oil and natural gas production emit more methane than previously thought
Research finds EPA underestimates methane emissions from oil and gas production. The Environmental Protection Agency (EPA) is underestimating methane emissions from oil and gas production…
New Tax Rule Could Cost Russian Fuel Oil Exporters $1B Annually
Russia is set to enact as of September 14 a new rule on the taxation of fuel oil exports aimed at bringing in additional revenues…
Mauritius asks Japan to pay $34 million after oil spill: report
Nearly a month after Mauritius declared an environmental emergency over an oil spill from a Japanese bulk carrier, the government has asked Japan to pay…
Trump administration proposes easing oil and gas permitting in national forests
The Trump administration on Monday issued a proposal that would make it easier to permit oil and gas drilling operations in national forests, angering environmental…
Mauritius oil spill highlights importance of global maritime laws: UN trade body
The devastating oil spill off the east coast of Mauritius has highlighted the need for global adoption of international legislation that govern the seas and…
Risk of COVID-19 plastic trash pile-up worries Europe
Concerns are rising across Europe that the coronavirus-induced slump in oil prices could knock demand for recycled plastics but data is still patchy on how…
Mauritius declares environmental emergency after oil spill
The Indian Ocean island of Mauritius has declared a “state of environmental emergency” after a Japanese-owned ship that ran aground offshore days ago began spilling…
Nobel-winning Mexican scientist calls for complete ban on fuel oil
Dirty fuel oil widely used to generate electricity in Mexico should be completely banned, Mexican scientist Mario Molina said, citing its high sulfur content as…
Studies show global methane emissions rising due to oil, gas, agriculture
Two new studies show United States oil and gas drilling along with agricultural production worldwide are driving up global emissions of methane, a potent greenhouse…
Europe could face oil shortage in a decade, study warns
Europe could face a shortage of oil within the next decade, making the move to increase the use of low carbon energy even more urgent,…
WA’s World Heritage listed Ningaloo Reef on oil, gas exploration map
An early proposal that could lead to waters off Western Australia’s pristine World Heritage listed areas being opened up to oil and gas exploration has…
Global oil demand could hit record growth rate next year, IEA warns
The world’s oil demand could climb at its fastest rate in the history of the market next year, and may reach pre-crisis levels within years,…
Spain to join group of first movers off oil and gas
On May 19, 2020, the Spanish Council of Ministers approved a Draft Bill on Climate Change and Energy Transition which sets out the country’s overarching…
Saudi Arabia triples VAT to support coronavirus-hit economy
Saudi Arabia is tripling its value added tax (VAT) as part of austerity measures to support its coronavirus-hit economy. The government in Riyadh also said…
IEA: Collapse in oil demand is erasing the last decade of growth
The United States will suffer an ”unprecedented” decline in oil output this year despite a historic agreement by some of the world’s other big producers…
Oil drops more than 6% as producer cuts fail to banish demand fears
Oil prices shed more than 6% on Tuesday, with investors apparently unconvinced that record supply cuts could soon balance markets pummeled by the coronavirus pandemic,…
Saudi Arabia to raise oil exports to record high
Russia and Saudi Arabia are locked in an oil price war as global prices plummet owing to the effects of the coronavirus pandemic. Riyadh will…
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