The price of Russian seaborne oil has been capped at $60 a barrel after the Group of Seven countries — which includes non-enumerated member the European Union — and Australia reached a consensus on the price Monday. The goal of the price cap is to reduce the revenue stream funding Russia’s war on Ukraine, while […]
Russia’s invasion of Ukraine has demonstrated again that war and energy are inextricably linked. The invasion has so far put a pin in the controversial Nord Stream 2 pipeline from Russia to Germany, prompted fossil fuel companies to argue for increased production and led to worrying attacks on nuclear power plants. Now, oil and gas […]
A Louisiana energy company is finally paying for the longest-running oil spill in U.S. history. Taylor Energy has agreed to pay more than $43 million in penalties and transfer a further $432 million to the Department of the Interior as a trust to complete the cleanup of the 17-year spill, the Department of Justice announced […]
The Biden administration came under fire last month for overseeing the largest offshore oil and gas leasing sale in U.S. history. Now, a new report suggests this wasn’t an isolated incident. The analysis from Public Citizen reveals that the new administration has issued more permits for oil and gas drilling on public lands per month […]
Climate campaigners are celebrating a “death blow” to a controversial UK oil exploration project after Shell announced it would no longer participate. The fossil-fuel giant was set to explore the Cambo oilfield to the west of Shetland, but pulled out Thursday night, The Press and Journal reported. “This really should be the deathblow for Cambo,” […]
The Biden administration went through with the largest offshore oil and gas lease sale in U.S. history Wednesday. In the controversial sale, major fossil-fuel companies including ExxonMobil, Shell, Chevron and BP bid a total of $192 million for the rights to drill a stretch of the Gulf of Mexico that is about double the size […]
In two days, the Biden administration will oversee the largest offshore oil and gas lease sale in U.S. history. The sale will make more than 80 million acres in the Gulf of Mexico available for drilling, HuffPost reported. That’s an area larger than the state of New Mexico, and it would add 1.1 billion barrels […]
Canada’s northernmost capital has declared a local state of emergency because of suspected gasoline contamination in the water supply. Residents of Iqaluit, the capital of the Arctic territory of Nunavut, have been warned not to drink, boil or cook with the city’s water. “Due to the possibility of petroleum hydrocarbons at the Iqaluit water treatment […]
By Kenny Stancil An abandoned supertanker holding more than one million barrels of crude oil has been slowly corroding off Yemen’s coast, and a new study out Monday warns that the consequences of an “imminent” spill in the Red Sea could be graver than initially thought — cutting off access to clean water and food […]