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OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as an increase in Saudi Arabia was offset by declines in Iran, Venezuela and Angola.
Interior Secretary Ryan Zinke has hinted to at least six coastal states that he will keep their waters out of a looming plan to expand U.S. offshore drilling, telling some they lack enough oil to be included anyway.
The measure is facing widespread opposition from political leaders on both sides of the aisle, as well as the oil and gas industry.
At his first meeting with foreign oil majors, Mexico's leftist president-elect pushed the companies to prove themselves by quickly pumping oil from recent finds, sources said, but gave no sign of offering up new fields to reverse dwindling output.
Low-cost microsatellites may hold the answer for methane emissions management.
Japan's Kyushu Electric Power Co said on Oct. 15 it restricted third-party solar power supplies over the weekend, marking the first time a Japanese utility has curbed the use of renewable energy to avoid a sudden blackout.
Britain has asked its climate change experts to advise on whether it should set a date to meet a net zero emissions target, the government said on Oct. 15.
Iraq's government has named Oil Minister Jabar al-Luaibi as head of a new National Oil Company which will serve as an umbrella organization for state oil firms, an oil ministry spokesman told Reuters on Oct. 11.
Exxon Mobil, the world's largest publicly traded oil company, has supported a carbon tax in the past and has stepped up efforts to reduce greenhouse gas emissions in its operations.
The waiver extension will allow Serica to complete the acquisition of BP’s stake in the Rhum, Bruce and Keith fields as well as buying Total’s stakes in Bruce and Keith, Serica said in a statement.
The Trump administration is actively considering waivers on sanctions it will reimpose next month for countries that are reducing their imports of Iranian oil, a U.S. government official said on Oct. 5.
The U.S. is on the verge of changing natural gas on a global scale.