News About Oil And Gas
November 19, 2024
COP29: TotalEnergies chief defends oil's climate 'progress'

Baku (AFP) Nov 15, 2024
The head of French oil giant TotalEnergies admitted the sector's role in climate change on Friday but insisted it was making "continuous progress". "Yes, we are part of the problem," Patrick Pouyanne told AFP on the sidelines of "energy day" at the UN COP29 climate talks in Azerbaijan. But "we're in the mindset of continuous progress", he insisted, even "if we're never going fast enough" for some. Pouyanne is one of several oil executives in town for events at COP29, and he started his day a ... read more
Trump taps oil exec, climate skeptic Chris Wright for energy secretary
Washington DC (UPI) Nov 16, 2024
President-elect Donald Trump on Saturday announced Denver-based oil executive Chris Wright as his choice for to head the Department of Energy. ... more
Gore says 'absurd' to hold UN climate talks in petrostates
Baku (AFP) Nov 16, 2024
Former US vice president Al Gore told AFP Friday it was "absurd" for petrostates such as Azerbaijan to host UN climate talks, saying the selection process should be overhauled. ... more
Oil execs work COP29 as NGOs slam lobbyist presence
Baku (AFP) Nov 15, 2024
Oil executives descended on the COP29 talks in Baku for "energy day" on Friday as environmental groups denounced the presence of fossil fuel industry lobbyists at the UN climate talks. ... more
Oil execs work COP29 as NGOs slam lobbyist presence
Baku (AFP) Nov 15, 2024
Oil executives and lobbyists descended on COP29 in Baku for "energy day" Friday, as environmental groups denounced the presence of the fossil fuel industry at the UN climate talks. ... more
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UK scrambles jets to monitor Russian military plane over North Sea
London (AFP) Nov 15, 2024
UK jets were scrambled to monitor a Russian reconnaissance aircraft flying close to UK airspace, the defence minister in London said on Friday. ... more
UN climate chief urges G20 to spur tense COP29 negotiations
Baku (AFP) Nov 16, 2024
The UN's climate chief urged G20 leaders on Saturday to push COP29 talks towards a deal to raise money for developing nations as diplomats struggled to find common ground in marathon negotiations. ... more
'Major loopholes' let oil and gas firms leak methane
Paris (AFP) Nov 14, 2024
The world's major oil and gas companies have mostly vowed to stop leaking the extremely potent greenhouse gas methane into the atmosphere, but big loopholes in their pledges risk "exacerbating the climate crisis," a report warned Thursday. ... more
Oil and gas investment vastly outstrips loss and damage aid: NGO
Paris (AFP) Nov 13, 2024
The oil and gas sector's production hit an all-time high last year with annual investment in deposit exploration averaging $61.1 billion (57.5 billion euros) between 2022 and 2024, German NGO Urgewald said in a report Tuesday, contrasting how that outstrips government climate damage pledges. ... more
Fossil fuel emissions to hit new record in 2024: researchers
Paris (AFP) Nov 13, 2024
Planet-warming carbon dioxide emissions from oil, gas and coal rose to a new record high this year, according to preliminary research Wednesday that found no sign the world was moving away from fossil fuels. ... more
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Leaders urge climate action - and defend fossil fuels - at COP29
Baku (AFP) Nov 12, 2024
Leaders of nations beset by climate disasters appealed Tuesday at the COP29 summit for greater urgency in fighting global warming, while others defended fossil fuels and their right to exploit them. ... more
US finalizes waste methane fine on drillers, but future uncertain
Washington (AFP) Nov 12, 2024
US President Joe Biden's outgoing government announced on Tuesday a rule to impose fees on the oil and gas industry for waste methane emissions from drilling operations, despite doubts it will take effect under his successor Donald Trump. ... more
Environment groups lose appeal in Shell climate case in the Netherlands
The Hague (AFP) Nov 12, 2024
Dutch judges ruled Tuesday against an appeal by climate groups who said oil giant Shell was not doing enough to curb its greenhouse gas emissions, striking down a landmark judgement three years ago. ... more
Oil, gas 'gift of God', Azerbaijan president repeats at COP29
Baku (AFP) Nov 12, 2024
Azerbaijan's president, whose country is hosting the COP29 climate talks, on Tuesday repeated his insistence that oil, gas and other natural resources are a "gift of the God." ... more
Court challenge begins against UK oil and gas field approvals
Edinburgh (AFP) Nov 12, 2024
Two environmental groups kicked off a legal challenge in Scotland on Tuesday to block the Rosebank and Jackdaw oil and gas fields in the North Sea, with activists optimistic of success after other favourable court rulings. ... more
US warplanes attack Iran-backed Huthi targets in Yemen: Pentagon

Washington (AFP) Nov 10, 2024
US warplanes staged multiple strikes Saturday night on Iran-backed Huthi advanced weapons storage facilities in Yemen, the Pentagon said. The facilities contained various weapons used to target military and civilian vessels navigating international waters throughout the Red Sea and Gulf of Aden, according to information provided to AFP by the Pentagon. The Huthi-run Al Masirah television network reported three American and British raids that targeted the capital Sanaa's southern Al Sabeen distri ... read more
LNG's climate credentials a complicated issue
Paris (AFP) Nov 8, 2024
Liquefied natural gas (LNG) has positioned itself as a "transition" fuel to replace highly polluting coal. While LNG burns cleaner than coal, its climate impact is darkened by energy-intensive production and frequent leaks from gas fields. ... more

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Harnessing oil and gas windfall profits for climate funding
Berlin, Germany (SPX) Nov 09, 2024
Negotiations over new financial commitments from industrialized nations to aid developing countries will be a focal point at the upcoming UN Climate Change Conference starting November 11. A study i ... more
Researchers advance hydrogen jet engine design for sustainable aviation
Zurich, Switzerland (SPX) Nov 09, 2024
Europe is making strides toward climate-neutral air travel with a focus on sustainably produced hydrogen as fuel. In support of this, the EU launched a project last year to aid industry and academia ... more
U.S. secures 200 million barrels of oil for strategic reserve
Washington DC (UPI) Nov 8, 2024
The U.S. Department of Energy said Friday that 200 million barrels of oil have been bought and delivered for the strategic oil reserve. ... more
Venezuela signs defense, energy deals with Russia; Greek tanker crippled by Huthi rebels starts oil transfer
Caracas (AFP) Nov 8, 2024
Venezuela and its most powerful ally Russia signed agreements Thursday on intelligence-gathering and counter-espionage as well as energy cooperation during a visit by a senior Kremlin official to Caracas. ... more
Time running out for Canada to meet climate target: audit
Ottawa (AFP) Nov 7, 2024
Canada is fast running out of time to implement policies to slash greenhouse gas emissions in order to meet its Paris Agreement target, the environment commissioner warned Thursday. ... more
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