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Strike hits all French oil refineries

2016-05-24 09:11:57| BBC News | Business | UK Edition

A strike over new labour laws spreads to all of France's eight oil refineries, the CGT union says, in an escalating dispute with the government.

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Firefighters protect Canada's oil sands battling 1,100 C flames

2016-05-24 07:14:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Fighting massive forest fires is dangerous and taxing enough, but those sent into Canadas oil sands are not only wrestling with one of the worst wildfires in the countrys history. They are doing it surrounded by the volatile, explosive chemicals and compounds critical to pumping oil from some of the worlds largest reserves. Now in its third week, the fire's proximity to the billions of dollars worth of oil equipment, flammable liquids, and extraction sites had people fearful that the flames,...

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Oil prices drop due to growing production

2016-05-24 01:00:00| Offshore Technology

Prices of oil dropped for a fifth consecutive day due to growing production from major exporters and increased dollar values.

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Oil majors tread cautiously towards renewables

2016-05-23 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Home: The Niger Delta of Nigeria has suffered severe damage from gas flaring and oil spills. Faced by falling oil prices and plunging profits, big oil companies are investing in renewables and clean energy, but still focussing on fossil fuels. LONDON, 22 May, 2016 The big oil companies on-off affair with renewable energies seems to be back on track. Recent reports say Shell, the Anglo-Dutch oil conglomerate, is to invest $1.7 billion in forming a new company division aimed specifically at developing...

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Indonesias forestry ministry follows through on palm oil permit freeze

2016-05-23 14:06:55| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: The Indonesian forestry ministry is on board with President Joko Jokowi Widodos plan to ban new oil palm permits, and has rejected all outstanding requests to establish plantations in the forest zone, a ministry official said on Friday. Sixty-one palm oil companies have had their proposals rejected, sparing a total of 851,000 hectares of land from conversion, according to the San Afri Awang, the ministrys head of governance and planning. Thats 12 times the size of Singapore. We are bringing...

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