Newsom signs bills to close Inglewood Oil Field and increase fines on idle wells
Escalating his fight against the fossil fuel industry, Gov. Gavin Newsom signed bills Wednesday that will shut down the sprawling Inglewood Oil Field by 2030…
Oil prices looking sticky as weaker economic data disappoints
Crude oil markets are facing downward pressure following the release of weak manufacturing and services data from major economies. Meanwhile, escalating conflicts in the Middle…
Pakistan’s Offshore Oil Reserves and What it Means for County’s Energy Future
The recent finding of significant offshore oil and gas deposits in Pakistan’s territorial seas is a seismic development, both figuratively and physically. For a country…
Harris supported the Green New Deal. Now she’s promoting domestic oil drilling
WASHINGTON — Even as she promoted her efforts to boost clean energy, Vice President Kamala Harris said in Tuesday’s debate that the Biden-Harris administration has overseen…
Judge strikes down city of L.A.’s ban on new oil drilling
A high-profile law intended to phase out oil production within Los Angeles city limits has been struck down by a judge who ruled that the…
U.S. sanctions Lebanese oil and LPG smuggling network that raised funds for Hezbollah
The U.S. Treasury Department Wednesday announced sanctions against a Hezbollah oil and LPG smuggling network that allegedly facilitated shipments to the Syrian government. Hezbollah fighters…
Oil Steadies Below $70 After Demand Concerns Intensify Rout
Breadcrumb Trail LinksPMN BusinessOil steadied after fast-escalating concerns about global demand ignited a swift and powerful selloff that drove Brent below $70 a barrel for…
But climate activists have a monopoly on art protest, for now
Eighteen months later, Anna Holland still can’t stomach the smell of tomato soup. “I can’t have a tin of it anymore,” said the climate activist,…
Singapore’s Oil Party Spoiled by Falling Prices and China Gloom
Breadcrumb Trail LinksPMN BusinessThe oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this…
Skelton: Democratic rebels test Newsom during fight with Big Oil
SACRAMENTO — Using a baseball tactic that former college ballplayer Gavin Newsom should understand, the Legislature has started throwing brushback pitches at the lame duck governor.The…
Oil prices sink to nine-month low amid global economic uncertainty
Crude prices slumped following weak economic data from the US and China, which dampened demand outlooks. Risk-averse sentiment continued to dominate global markets. ADVERTISEMENTCrude oil…
Salvage operation for burning oil tanker in Red Sea to commence
1 of 2 | Salvage operations of the immobilized MV Delta Sounion are to commence with support from the European Union's maritime military operation in…
Hiking energy tax will hit growth, oil industry says
Raising the windfall tax on the UK's oil and gas companies will hit the government's main goal of growing the economy, the industry has warned.Offshore…
Newsom calls California Legislature into special session on oil prices
SACRAMENTO — Gov. Gavin Newsom called California lawmakers into a special session Saturday after Assembly Democrats pushed back on his request to approve new requirements on…
Falcon Oil & Gas Ltd. – Spudding of Shenandoah South 2H in Exploration Permit 98
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Houthis release video of attack on Red Sea oil tanker | Israel-Palestine conflict
NewsFeedYemen’s Houthis have released video showing the armed group detonating explosives on the Greek-flagged Sounion oil tanker last week. The ship is currently stranded in…
Houthis release footage of fighters boarding Greek oil tanker in Red Sea | Houthis News
The video appears to show a series of explosions on the surface of the vessel, amid fears of a major oil spill.Yemen’s Houthis have released…
Ukraine launches drone strikes targeting Russia’s strategic oil infrastructure
A fire is seen at the Klintsevskaya oil depot, near Bryansk, in January. Ukraine confirmed Thursday that it had carried drone strikes against strategic Russian…
Newsom threatens to call another special session on oil regulation
SACRAMENTO — Gov. Gavin Newsom threatened to call a special session this fall as Democratic lawmakers wobbled on a package of energy bills that he…
Fire rages at oil depot in Russia’s Rostov after Ukraine drone attack | Russia-Ukraine war News
The strike on a depot in Kamensky district comes amid an ongoing blaze at an oil storage facility in Proletarsk city.A Ukrainian drone attack has…