Tag - oil

 
 

OIL

Smoke and steam billow from a coal-fired power plant in Suralaya, Banten province, Indonesia.
ENVIRONMENT / Energy
Nov 13, 2023
Can Indonesia deliver a green power plan for the people?
Communities impacted by a major climate deal are at risk of losing out because they have had limited involvement in planning the transition so far.
Cosmo Energy is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group, led by Yoshiaki Murakami, from increasing its stake to 24.56% from the current 20%.
BUSINESS
Nov 10, 2023
Japan's Cosmo braces for 'poison pill' anti-activist vote
The refiner is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group from increasing its stake.
Destroyed buildings in Gaza on Thursday amid ongoing battles between Israeli forces and the Hamas militant group.
BUSINESS / Markets
Nov 10, 2023
Why are oil prices falling while war rages in the Middle East?
Intense fighting is underway in a region that holds much of the world’s petroleum resources. Yet, energy markets have been slumping.
Oil storage tanks at Eneos' Negishi refinery in the Keihin industrial area of Yokohama. The firm said Wednesday that its full-year profit result was expected to increase by 67% from last year.
BUSINESS / Companies
Nov 8, 2023
Eneos raises full-year profit forecast on higher oil, weaker yen
The refiner said its full-year result was expected to increase by 67% from last year.
The McKinsey & Company logo at the 54th International Paris Airshow on June 21
BUSINESS / Companies
Nov 8, 2023
Top consultancy undermining climate change fight: whistleblowers
Privately, the U.S.-based firm offers energy scenarios at odds with its public climate goals to the summit's decision-makers.
People carry a coffin as a mass funeral takes place to bury victims of a military strike on a camp for displaced people near the northern Myanmar town of Laiza on Oct. 10.
ASIA PACIFIC / Politics
Nov 1, 2023
U.S. targets Myanmar's state energy firm with partial sanctions
The action prohibits certain financial services by Americans to the state oil and gas enterprise starting on Dec. 15, the Treasury said in a statement.
Becoming the lone bidder for the 2034 World Cup, just 27 days after its campaign was announced, caps a stunning year where the unheralded Saudi Pro League has snapped up some of soccer's top stars including Cristiano Ronaldo (center).
SOCCER
Nov 1, 2023
Bridging the Gulf: How the World Cup is key to Saudi revamp
While human rights controversies have not gone away, the kingdom is gaining a reputation for extravagant forays into sport.
Cosmo Energy Holdings has said it will call another shareholder vote in December to seek approval for a "poison pill" takeover defense against a group of activist investors.
BUSINESS / Companies
Oct 25, 2023
Cosmo calls another shareholder vote in activist defense
Japan's third-biggest oil refiner said it will not prevent the group a group of activist investors from voting this time.
A man tries to start his car after Israeli airstrikes at the Nuseirat Market in the Gaza Strip on Monday.
ENVIRONMENT / Climate change
Oct 24, 2023
How the Israel-Hamas war imperils action against global warming
The conflict complicates already fragile global diplomacy ahead of crucial climate talks.
Oil storage tanks in the Keihin industrial area in Kanagawa Prefecture. Japan relies on the Middle East for over 95% of its oil.
BUSINESS / Economy / FOCUS
Oct 17, 2023
Japan still relies on Middle East oil 50 years on from crisis
Japan's alternative oil suppliers, such as Indonesia, have seen their ability to export reduced by their own economic growth.
Chinese President Xi Jinping and Arab leaders pose for a group photo during the China-Arab summit in Riyadh on Dec. 9.
WORLD / Politics
Oct 12, 2023
China’s economic stake in the Middle East: Its thirst for oil
China, the world’s second-largest economy, has become addicted to foreign oil at a stunning pace.
Prince Abdulaziz bin Salman
WORLD
Oct 8, 2023
Saudi Arabia seeks to study small nuclear reactor technology
The kingdom is "a late-comer” to nuclear power and aims to study all types and applications of atomic generation, the Saudi energy minister said.
Peak of fossil fuel consumption may be approaching, but the post-peak period may not lead to a rapid decline, which could impact global efforts to combat climate change.
COMMENTARY
Oct 8, 2023
With fossil fuels, ‘peak demand’ isn’t what it sounds like
Peak fossil-fuel consumption will be a cause for celebration. But we should remain skeptical it’s as near as the IEA has said, especially for gas.
Pump jacks in an oil field in Midland, Texas. Big Oil is responsible for the bulk of human-induced greenhouse gas emissions and pressure for action is building.
BUSINESS
Oct 7, 2023
Exxon Mobil's megadeal to test climate-aware shareholders
Negotiations between Exxon and Pioneer are advanced but have not yet led to an agreement over the acquisition.
A TotalEnergies tanker truck with sustainable aviation fuel at the 54th International Paris Airshow near Paris on June 19
ENVIRONMENT / Sustainability
Oct 3, 2023
Too expensive, too scarce: Doubts grow over green aviation fuel
Generating the required quantities of alternative fuel would require huge areas of land and natural resources.
A harvest at a palm oil plantation in Khammam, India, in 2022
BUSINESS
Oct 1, 2023
Aging trees show a crisis looms for the world’s everything oil
Malaysia and Indonesia provide 85% the world's most versatile edible oil — but their trees are growing old, and replacing them is expensive.
The two tankers Turba (right) and Simba side by side during secretive maneuvers off the coast in the Laconian Gulf on Sept. 19
WORLD
Sep 29, 2023
Fake coordinates and tanker tricks expose shadowy Russian oil trade
Estimates vary, but at least half of Russia’s oil is thought to flow out through shadow-fleet tankers.
U.S. President Joe Biden at an event in Tempe, Arizona, on Thursday
WORLD / Politics
Sep 29, 2023
Biden said he would stop drilling. Then reality hit.
The tug of war over one drilling lease in the Gulf of Mexico involving the president, Congress and the courts illustrates the limits of executive power.
Shell CEO Wael Sawan attends the China Development Forum 2023 in Beijing on March 25. At an investor day in June, Sawan outlined plans to slow investment in renewables and low-carbon business as part of a strategy to boost returns.
BUSINESS / Companies
Sep 28, 2023
Shell CEO faces pressure from within over renewables commitment
Employees have issued a rare open letter to Wael Sawan after he outlined plans to slow investment in renewables in a strategy to boost returns.
People walk on the bank of the frozen Spree river in Berlin in 2021.
WORLD / Politics
Sep 27, 2023
EU forecasts a more comfortable winter ahead without Russian gas
Before Russia's invasion of Ukraine, the Nord Stream 1 pipeline had accounted for 15% of Europe's gas imports in 2021.

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