Environment - Today in Oil and Gas

Kashagan Oilfield Operator Ordered to Pay $4.9 Billion Environmental Fine, Ifax Reports

Conventional Energy, Energy Topics & Technology, Environment, Latest, Oil, US News / By mark

(Reuters) – Kazakhstan’s Justice Ministry said the operator of the Kashagan oilfield must pay an environmental fine of 2.3 trillion tenge ($4.89 billion) by July 20, but that the company has filed an arbitration claim challenging the penalty, Interfax reported on Tuesday. Interfax quoted Kazakh deputy justice minister Daniyel Vaisov as saying that the arbitration …

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TotalEnergies Must Address Climate Risks Linked to its Products, French Court Rules

CDN and International News, Conventional Energy, Emission Reduction, Energy Topics & Technology, Environment, Exploration & Production, Latest, Natural Gas, Oil / By mark

By America Hernandez Court rules ‘duty of vigilance law’ applies to climate risks Judges stop short of imposing binding business measures Prosecutors had said law should not apply to climate change Total will comply but is considering its legal options PARIS, June 25 (Reuters) – French oil major TotalEnergies (TTEF.PA) must disclose the climate risks …

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Microsoft May Abandon its Clean Energy Powered Data Centre Targets

Artificial Intelligence, Energy Topics & Technology, Environment, Latest, US News / By mark

The hyperscaler has been adding a gigawatt of data centre capacity, enough to power 750,000 homes, every three months By Alastair Marsh and Brody Ford Microsoft Corp. may shelve one of the industry’s most ambitious clean-energy targets as it tries to remove hurdles that could hold it back in the race to power data centres, …

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Turkey Says COP31 Climate Summit to Focus on Clean Energy Shift

CDN and International News, Energy Topics & Technology, Environment, Latest / By mark

By John Ainger Turkey will use its role as host of this year’s COP31 climate summit to boost clean energy adoption, according to the event’s incoming president, with the Iran war showing how important it is to diversify away from fossil fuels. Murat Kurum, Turkey’s environment minister who will oversee the talks, said in an …

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Constellation Plans $3.9 Billion Capex, Lifts Buyback Amid Clean Power Demand

Conventional Energy, Emission Reduction, Energy Topics & Technology, Environment, Latest, Natural Gas, US News / By mark

March 31 (Reuters) – Nuclear power producer Constellation Energy (CEG.O) on Tuesday said it plans $3.9 billion in capital spending and raised ‌its share buyback authorization to $5 billion, as it prepares to meet growing demand for clean electricity. U.S. power demand is expected to grow further after hitting a record high in 2025, driven …

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Europe Scales Back Climate Goals to Ease Iran War Energy Shock: Bousso

CDN and International News, Energy Topics & Technology, Environment, Latest / By mark

(Reuters) – The European Union may be forced to scale back its flagship climate policies and geopolitical aims as the Iran war drives up energy prices – with lasting consequences for the bloc’s energy strategy. The energy crunch sparked by the conflict, now in its fourth week, has rattled Europe, which is heavily dependent on …

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Judge Says He Will Order Greenpeace to Pay an Expected $345 Million in Dakota Access Oil Pipeline Protest Case

Conventional Energy, Energy Topics & Technology, Environment, Latest, Oil, Pipelines, Tri-Pinned, US News / By mark

By Jack Dura Leaders and attorneys for several Greenpeace entities listen to a reporter’s question after a jury’s verdict at the Morton County Courthouse in Mandan, N.D., Wednesday, March 19, 2025. (AP Photo/Jack Dura) BISMARCK, N.D. (AP) — A North Dakota judge has said he will order Greenpeace to pay damages expected to total $345 …

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Judge Says He Will Order Greenpeace to Pay an Expected $345 Million in Oil Pipeline Protest Case

Conventional Energy, Energy Topics & Technology, Environment, Latest, Oil, Pipelines, US News / By mark

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IEA Meeting Ends Without Unity as US Pushes to Scrap Net Zero

CDN and International News, Energy Topics & Technology, Environment, Latest, Net Zero / By mark

By Grant Smith and Nayla Razzouk The conflicting positions of US President Donald Trump and major European governments came to the fore at a meeting of the west’s most important energy forecaster. For the first time in nine years, the International Energy Agency — created by developed nations in the 1970s to oversee energy security …

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U.S. Energy Chief Warns U.S. Could Quit IEA if Agency Keeps Focus on Climate

Energy Topics & Technology, Environment, Latest, US News / By mark

(Reuters) – U.S. Energy Secretary Chris Wright said on Tuesday the United States is not satisfied yet with reforms at the International Energy Agency (IEA). Speaking at a conference in Paris, he added that Washington does “not need a net-zero scenario” from the body and could leave the agency “if they insist that it’s so …

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