Category : Search result: oil drilling


NZ reverses fossil fuel ban amid climate concerns

In a controversial move, New Zealand’s government has voted to reintroduce fossil fuel exploration, overturning a 2018 ban. Critics warn of environmental consequences, while supporters highlight economic benefits.

Trump slams Starmer's North Sea oil tax plans

Former US President Donald Trump has criticised Labour leader Keir Starmer's proposed tax hikes on North Sea oil, warning they could cripple Britain's energy sector and push prices higher for consumers.

Prax Lindsey Oil Refinery to Close, 300 Jobs Lost

The Prax Lindsey oil refinery in Lincolnshire is set to close, leaving hundreds of workers facing redundancy. The decision has sparked concerns over local employment and energy security.

Exxon blocks Chevron's $53bn Hess oil deal

ExxonMobil and China's CNOOC have filed arbitration claims to block Chevron's $53bn acquisition of Hess, setting the stage for a fierce legal battle over Guyana's lucrative oil fields.

GOP targets Deepwater Horizon safety rules

GOP lawmakers in Louisiana are advancing a bill to dismantle safety measures enacted after the 2010 Deepwater Horizon disaster, sparking outrage among environmentalists and coastal communities.

Trump's AI and Oil Summit Sparks Debate

Former US President Donald Trump hosts a controversial summit on AI and oil energy, drawing mixed reactions from global leaders and environmentalists.

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