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Prime minister says deal ‘sets the state for an industrial transformation’, but project is likely to face wide oppositionMark Carney has agreed an energy deal with Alberta centred on plans for a new heavy oil pipeline reaching from the province’s oil s…
Strategy paper released with budget allows new oil and gas projects to move ahead if they are linked to existing fieldsThe government has ruled out new North Sea oil and gas exploration or lower taxes for fossil fuel companies as it struggles to protec…
But Sunshine state Republicans might oppose drilling off state’s famous beaches that keep tourism dollars coming inThe Trump administration on Thursday announced new oil and gas drilling off California’s and Florida’s coasts, setting the stage for a po…
US oil firm blames UK government policy and supply costs for closure of site near Cowdenbeath in ScotlandExxonMobil is to close a chemicals plant in Scotland that employs hundreds of workers within months, blaming the decision on the UK government’s “e…
Policy body calls for western-backed investigation into oil officials known to be at heart of illegal enterpriseA surge in state-sanctioned fuel smuggling between 2022 and 2024 cost the Libyan people about $20bn (£15bn) in lost revenue – an alarming su…
Policy body calls for western-backed investigation into oil officials known to be at heart of illegal enterpriseA surge in state-sanctioned fuel smuggling between 2022 and 2024 cost the Libyan people about $20bn (£15bn) in lost revenue – an alarming su…
Australia stopped buying fuel directly from Russia after its invasion of Ukraine but has imported more than 3m tonnes of its oil products since 2023Get our breaking news email, free app or daily news podcastMillions of tonnes of Russian oil have been t…
DEEP DIVE – By any traditional definition, the city of Ryazan doesn’t belong on a list of battlegrounds in the Ukraine war. There are no Ukrainian soldiers or tanks deployed there, and it’s in western Russia, roughly 600 miles from the active front li…
Oil firm asks court to block enforcement of laws that would require disclosure of planet-heating carbon emissionsExxon, an oil firm consistently ranked among the world’s top contributors to global carbon emissions, is suing the state of California over…
North Sea contractor says move applies only to its ultimate holding company and it will continue to tradeBusiness live – latest updatesPetrofac, one of the biggest North Sea oil and gas contractors, has filed for administration, putting more than 2,000…