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The Battle Over North Sea Oil Is Heating Up Under Britain’s New PM

Sat, 08/15/2026 - 22:00
With a new Prime Minister in office, it is uncertain whether the United Kingdom will continue accelerating its green transition or backtrack on climate pledges to support fossil fuel development. Many have speculated that the new Labour Party PM Andy Burnham will back North Sea oil and gas projects. However, since taking power in 2024, the Labour Party has introduced a wide range of energy policies supporting renewable energy development and grid infrastructure updates, as well as restrictions on new oil and gas drilling. Before taking over as…
Categories: Oil news

Russia's Oil Industry Is Running Out of Room to Absorb More Shocks

Sat, 08/15/2026 - 20:00
Following a year of tighter sanctions and Ukrainian attacks on refineries, ports and tankers, Russia’s crude output has fallen further in the second half of 2026, severely affecting the nation’s crude production outlook. Factoring in these disruptions, Rystad Energy has revised its Russian crude production forecast to average 8.95 million barrels per day (bpd) in 2026, before declining to around 8.6 million bpd in 2027. This represents a decline of 90,000 bpd compared with our previous forecast, reflecting the continued impact of renewed…
Categories: Oil news

Mexico Is Betting on Biofuel to Tackle Its Seaweed Crisis

Sat, 08/15/2026 - 18:00
Over the past 15 years, Mexico has faced a severe seaweed problem, with vast quantities of a brown seaweed known as sargassum washing up on beaches along the Caribbean coast and hitting the tourism industry hard. Researchers are yet to find an effective way to prevent the seaweed from washing ashore or to effectively predict its movement. As the Mexican government attempts to manage the huge quantities of seaweed each year, researchers are exploring potential uses for the algae, such as biofuel or fertiliser. As much as 9,000 tons of seaweed is…
Categories: Oil news

Somali Piracy Surges Amid Hormuz Blockade

Sat, 08/15/2026 - 03:00
The effective closure of the Strait of Hormuz has forced hundreds of commercial ships onto longer routes around Africa, and Somali pirates are moving quickly to exploit the sudden increase in traffic off the continent’s eastern coast. Oil tankers MT Honour 25, MT Eureka and MT Asana were hijacked in the Gulf of Aden and off Puntland between April and July 2026, the largest attacks by Somali pirates in years. The Iran war has now delivered these groups more targets, spread across thousands of miles of ocean, while diverting naval resources…
Categories: Oil news

Ranked: How Dirty Are the Eight Biggest Names in AI

Sat, 08/15/2026 - 01:00
Big Tech companies are quietly moving farther and farther away from their decarbonization goals. Back in 2019, Amazon pledged to become carbon neutral by 2040, thereby setting a goalpost ten years ahead of the Paris climate agreement in a show of dedication to becoming a leader in decarbonization. The next year, in 2020, Google and Microsoft upped the ante when each pledged to become carbon-free by 2030. Now, just six years later, those companies are heading in the opposite direction, seeing their emissions balloon by double-digit increments thanks…
Categories: Oil news

Why a Record-Strength El Niño Still Might Not Save Europe's Gas Market

Fri, 08/14/2026 - 23:00
Only an exceptionally strong El Niño will meaningfully ease Europe's LNG needs this winter, and forecasters currently rate that outcome as a long shot. Rystad Energy's analysis indicates that European winter temperatures would need to be at least 2 degrees Celsius above the historical average before the region's LNG demand could fall to or below last winter's level. Current forecasts point to a strong El Niño event forming through the winter of 2026-2027, potentially the most intense since 2015, however a strong El Niño event…
Categories: Oil news

Oracle’s $165 Billion Data Center Plan Hits a Gas Pipeline Delay

Fri, 08/14/2026 - 22:39
Oracle’s proposed $165 billion data center project in New Mexico has run into a decidedly low-tech problem: the natural gas pipeline meant to help power it won’t be ready on time. Energy Transfer subsidiary Transwestern Pipeline pushed the expected in-service date for its Green Chile Project from August 15 to February 1, 2027, according to a regulatory filing Friday. That six-month delay threatens the schedule for Oracle’s Project Jupiter, a proposed data center development in Doña Ana County near the U.S.-Mexico border.…
Categories: Oil news

Oracle’s $165 Billion Data Center Plan Hits a Gas Pipeline Delay

Fri, 08/14/2026 - 22:39
Oracle’s proposed $165 billion data center project in New Mexico has run into a decidedly low-tech problem: the natural gas pipeline meant to help power it won’t be ready on time. Energy Transfer subsidiary Transwestern Pipeline pushed the expected in-service date for its Green Chile Project from August 15 to February 1, 2027, according to a regulatory filing Friday. That six-month delay threatens the schedule for Oracle’s Project Jupiter, a proposed data center development in Doña Ana County near the U.S.-Mexico border.…
Categories: Oil news

Oracle’s $165 Billion Data Center Plan Hits a Gas Pipeline Delay

Fri, 08/14/2026 - 22:39
Oracle’s proposed $165 billion data center project in New Mexico has run into a decidedly low-tech problem: the natural gas pipeline meant to help power it won’t be ready on time. Energy Transfer subsidiary Transwestern Pipeline pushed the expected in-service date for its Green Chile Project from August 15 to February 1, 2027, according to a regulatory filing Friday. That six-month delay threatens the schedule for Oracle’s Project Jupiter, a proposed data center development in Doña Ana County near the U.S.-Mexico border.…
Categories: Oil news

Oracle’s $165 Billion Data Center Plan Hits a Gas Pipeline Delay

Fri, 08/14/2026 - 22:39
Oracle’s proposed $165 billion data center project in New Mexico has run into a decidedly low-tech problem: the natural gas pipeline meant to help power it won’t be ready on time. Energy Transfer subsidiary Transwestern Pipeline pushed the expected in-service date for its Green Chile Project from August 15 to February 1, 2027, according to a regulatory filing Friday. That six-month delay threatens the schedule for Oracle’s Project Jupiter, a proposed data center development in Doña Ana County near the U.S.-Mexico border.…
Categories: Oil news

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