Oil

Indian oil market outlook to 2030

The Report looks in-depth at how India’s role on the global oil market may evolve over the period through to 2030. It examines investment plans for the refining and petrochemical industry and how these developments may impact Indian crude and product net trade. The Report looks at energy transition trends …

Why Shell Cut Ties to Conservative Lobby Group Over Climate Change

Does it matter that Royal Dutch Shell plans to cut ties to the American Legislative Exchange Council (ALEC) over climate policy? Shell follows big oil rival BP and Silicon Valley titans Google, Facebook, and Yahoo in distancing itself from ALEC, a prominent nonprofit that advocates against government regulation, primarily at …

Brazil offshore subsalt holds 176 bln bbls of oil, gas -study

Brazil's Subsalt Polygon, an offshore area that has already yielded some of the world's largest recent oil finds, may hold enough undiscovered petroleum and gas to supply the world's current oil needs for more than five years, researchers said. The Polygon, which covers most of Brazil's Santos and Campos offshore …

US raises concerns about pipeline through forests

The U.S. Forest Service has raised hundreds of concerns about a proposed natural gas pipeline that would carve a 30-mile swath through national forests in Virginia and West Virginia. The written comments to federal regulators question why the proposed route of the Atlantic Coast Pipeline has to go through the …

Shale oil, gas production lead to pollution, global warming: Study

Production process of shale oil and gas results in high emissions of carbon dioxide and other gases that contributes to global warming and pollution of the environment and groundwater, potentially causing underground rock slides, says a study conducted by the Arab Monetary Fund (AMF), a regional Arab financial organisation, established …

Ecuador spied on Amazon oil plan opponents, leaked papers suggest

Government spies may have illegally targeted political and environmental opponents to president Rafael Correa’s plan to extract oil in Yasuni national park Ecuadorian spies may have broken the law by obtaining personal information on MPs, environmentalists, indigenous groups, human rights activists, academics and political opponents of president Rafael Correa who …

Let’s energise: meeting India’s growing fuel demand

The report takes stock of the current energy scenario in India and sets out the challenges the country faces in its quest for energy independence. It also highlights some of the distinguishing features of India’s refining sector from the perspective of meeting the country’s hydrocarbon energy needs.

U.S. proposes voluntary oil and gas company cuts in methane emissions

The U.S. Environmental Protection Agency proposed a program for oil and gas companies to make voluntary pledges to cut and track emissions of methane, one component of its wider strategy to target the potent greenhouse gas and combat climate change, the agency said Thursday. The Natural Gas STAR Methane Challenge …

Emissions from fossil fuels may limit carbon dating

Growing emissions from the burning of fossil fuels are threatening the effectiveness of radiocarbon dating, according to new research. The dating method has been used for decades to accurately determine the age of a wide range of artefacts. But using fossil fuels pumps a type of carbon into the atmosphere …

Alberta endorses calls for pan-Canadian climate change action

The leader of the oil-rich Canadian province of Alberta is endorsing calls from her counterparts to strengthen action to fight climate change. Alberta Premier Rachel Notley said on Tuesday that her government would sign a declaration made in April by other provinces that agreed to work together to press the …

Britain should avoid deep injection shale wells: task force

Britain should steer clear of using deep injection wells in shale oil and gas "fracking" and take extra steps to reduce the technique's environmental and health effects, an industry-funded task force examining the sector said on Wednesday. The oil and gas industry uses deep injection wells to dispose of wastewater …

Church of England announces new 'ecotheology' in divestment from fossil fuel extraction

The Church of England will divest from fossil fuel extraction and implement new green guidelines The Church of England has adopted a new climate change policy which will see it divest from coal mining and oil from tar sands. The Church’s governing body, the General Synod, voted overwhelmingly to support …

Oil companies played hardball in bid to defeat climate outsiders

Petty legal filings. Diversionary ballot measures. Counting abstentions as no votes. These are just some of the tactics U.S. oil companies used this spring to quash efforts by investors to win the right to nominate climate experts for board seats. Led by New York City Comptroller Scott Stringer and proposed …

Philippines sees slow take up of renewable energy

High cost and mismatch in demand and supply makes country reliant on fossil fuels despite setting a goal to have half its energy needs met by renewables, reports Straits Times Leandro Leviste, 21, has taken leave from university to start a solar panel company – so much does he believe …

Angola: Environment Ministry Appeals for Careful, Rigorous Disposal of Oil Residues

Luanda — The director of the legal office of the Environment Ministry, Miranda Kiala, last Wednesday, in Luanda, exhorted oil companies to be careful and rigorous in the disposial of oil residues on land, in view of what is outlined in the Executive Decree number 97/14, which is to enter …

Congo parliament adopts new hydrocarbons code

Democratic Republic of Congo lawmakers have adopted a new hydrocarbons code that the country hopes will allow it to draw more benefits from its expanding oil sector. The Central African mining nation pumps 25,000 barrels per day, accounting for just 11 percent of its export revenues, although exploration off the …

China's energy output expected to grow in 2015: report

BEIJING - China's energy output is expected to grow while energy consumption will dip in 2015, according to a report released on Monday. Domestic crude oil output is expected to grow by 0.4 percent to reach 217 million tons in 2015, while refined oil and natural gas output will reach …

BP statistical review of world energy 2015

BP’s 2015 edition of its Statistical Review of World Energy highlights how significant changes in global energy production and consumption have had profound implications for prices, for the global fuel mix, and for global carbon dioxide emissions. The 64th annual edition of the review highlights the continuing importance of the …

Delivering on the promise: leveraging natural resources to accelerate human development in Africa

New natural resource discoveries, oil and gas provide a substantial opportunity to fast-track human development progress, with updated estimates indicating that revenues to be developed could contribute between 9 per cent and 31 per cent of additional government revenues, a new report shows. The report, by African Development Bank and …

Big oil, coal and gas producers paying for their climate damage

The Climate Justice Programme (CJP) and the Heinrich Böll Foundation are proposing a new and innovative source of finance: a fossil fuel extraction levy paid by those 90 entities responsible for two-thirds of global carbon emissions. The third and updated edition of the Carbon Majors report, now titled "Big Oil, …

Canada's Alberta pledges new climate regulations by month's end

Alberta, the Canadian province whose carbon-intensive oil sands are the largest source U.S. oil imports, said on Tuesday it would have new climate change regulations in place by June 30, when the current rules expire. Shannon Phillips, the environment minister for the province's newly elected left-wing government, said in a …

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