North sea oil and gas

Greg Hands makes Putin jibe at SNP over oil and gas Sign up for our news briefing, including a daily special Russia-Ukraine edition SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Oil prices rose by almost three percent as markets prepare to open on Wednesday. Brent Crude future rose by a total of $3.08 (£2.58) to $105.85 (£88.60) per barrel despite plunging by as much as 9.5 percent on Tuesday. Related articles Ukraine: Horror as Putin official found in 'pool of blood' Kamala Harris mocked after speaking in front of spelling gaffe Yesterday's drop is said to have been the biggest daily drop since March. However, it was last up 92 cents (77 pence), or 0.9 percent, at $103.69 (£86.79) a barrel at 2.43am. US … [Read more...] about Oil price surge: Brent Crude bounces back in ‘reset’ amid return of supply concerns

For the first time in 75 years, the United States exported more oil than it imported, carrying out a pledge from President Trump that America can achieve “energy independence.” While the U.S. has been a net oil importer since 1949, over the final week of November, U.S. net imports of crude oil and petroleum products fell to minus 211,000 barrels per day (bpd) — which means America exported more than it imported, according to data from U.S. Energy Information and Administration. Oil production has been booming in the U.S. as the shale revolution swept the nation. America is now the world’s largest producer of petroleum, passing Russia and Saudi Arabia. As the U.S. oil boom spread, the power of OPEC was reduced and gas prices in the U.S. have dropped from the $4+ highs under former president Barack Obama. Net imports peaked in 2005, topping 14 million bpd, but in the last few months, the U.S. has imported an average of 2 million bpd. U.S. production has more than doubled since 2012 … [Read more...] about GOOD TRUMP: U.S. Ends Reliance On Foreign Oil For First Time In 75 Years | The Daily Wire

“The Daily Show” host Trevor Noah said that President Joe Biden’s presidency could stand or fall on whether gasoline prices continue to rise. “It seems like everything these days is more expensive,” Noah opened his segment on Monday. “But there’s one price that people notice more than anything — and that’s the price of gas.” Noah went on to detail how demand for oil and gas dropped precipitously due to COVID-19 related lockdowns. Noah said that even though demand had risen again because of the return to pre-pandemic life, it is not easy for gas producers to simply resume production, and it would take time to return to normal. The segment further found fault with the Organization of Petroleum Exporting Countries (OPEC), playing a montage of clips from news outlets arguing that OPEC was withholding production increases in order to recoup its pandemic losses. “The big question is, what can be done to lower gas prices?” Noah asked. “Well, the bad news for President Biden is not … [Read more...] about Trevor Noah: Biden’s Presidency Could Hinge On Rising Gas Prices | The Daily Wire

Organization of Petroleum Exporting Countries ( OPEC ) Secretary General Mohammad Sanusi Barkindo passed away on Tuesday at 63 years old. “OPEC extends its deepest condolences to his family, friends, colleagues, loved ones and his home country, Nigeria,” the oil alliance said in a statement . “It is a day in which words are not enough, but it is also important to express our deep gratitude for the over 40 years of selfless service that HE Barkindo gave to OPEC. His dedication and leadership will inspire OPEC for many years and decades to come.” Barkindo assumed the helm of OPEC in 2016 after working as the group managing director of the Nigerian National Petroleum Corporation. He played a key role in producing the United Nations Framework Convention on Climate Change, according to OPEC . With member nations such as Iran, Saudi Arabia, Venezuela, Kuwait, and Iraq, OPEC officials set oil production targets in a bid to control worldwide energy supply. The alliance accounts … [Read more...] about OPEC Leader Dies As World Grapples With Oil Crisis | The Daily Wire

A distress call on an Apple watch meant that a kayaker who had been swept 4km out to sea could be rescued by helicopter. The man had originally gone out with another kayaker on Sydney 's north shore - but they became separated. Strong currents and winds yesterday (Saturday, June 18) morning swept one of them out to sea, forcing him to use his Apple watch to make an emergency service call shortly after 9am. A search was then launched, with New South Wales (NSW) Police Marine Area Command seeking assistance from the rescue helicopter and surf lifesaving. Jetskis and inflatable rescue boats were also deployed by Manly lifeguards and Freshwater Surf Lifesaving Club. Rescuers spotted the bright orange kayak 4km out to sea ( Image: Westpac Rescue Helicopter Rescue) The orange kayak was spotted nearly 4km offshore by the rescue helicopter, with the kayaker struggling to stay upright at this point due to his fatigue. Helicopter rescuer Nick Pavlakis told 9 News, … [Read more...] about Kayaker swept 4km out to sea rescued after his Apple Watch sends out distress signal

We are now several months into the conflict with Russia. I say “we” because we are all pretending here in the West that the real war is between Russia and Ukraine but (nod nod wink wink) if we clandestinely, in some sense, provide full support to Ukraine then maybe the Russians, foolish and backward as they are won’t notice and we can simultaneously pretend that we aren’t flirting with the prospect of a long, arduous and inconceivably destructive war. I want to say at the outside that I think what Putin has done is unconscionable; God only knows what the impact will be, as all four of the horsemen of the apocalypse are on the march again. I think that the collusion of the leadership of the Russian Orthodox Church is even more unforgivable. Be that as it may, I also believe that the attempt to deeply understand the motive forces for this war, as it is very difficult to set things right (let alone avoid a similar future catastrophe—or even to stop this conflict from spreading) in the … [Read more...] about PETERSON: Russia Vs. Ukraine Or Civil War In The West? | The Daily Wire

Kyiv rejects Russia's announcement that it destroyed two US-made HIMARS in eastern Ukraine Germany to replenish weapons' stock for countries supplying Ukraine New requirements for Ukrainian conscripts scrapped after Zelenskyy's criticism Lavrov to meet some G20 foreign ministers despite G7 threats The article was last updated at 17:43 UTC/GMT Scholz says Germany must speed up energy transition due to war Germany must implement the transition to green energy faster because of Russia's invasion of Ukraine, Chancellor Olaf Scholz said. Speaking at an event hosted by the Renewable Energy Association Scholz said Russia was using oil and gas exports as a political weapon. "Energy policy is not just a question of price. Energy policy is also security policy," according to the German leader. "That's why we now have to turbo charge the expansion of renewable energy," he said. Russia to create youth movement reminiscent of Soviet-era Russian lawmakers approved … [Read more...] about Germany’s Scholz: Ukraine war calls for faster energy transition — live updates

MetService Saturated parts of the North Island, which have been very wet in the last six weeks, are to get even more rain. Take a breath when the rain stops, because there’s now a bigger system on its way, with already sopping northern areas the first to face it. MetService has issued a severe weather watch for seven parts of Aotearoa that it anticipates will be hit the hardest by what is expected to be widespread rain late on Thursday and into a particularly wet Friday. A deep low, associated with fronts and troughs, are expected to approach New Zealand from the north Tasman Sea on Thursday, then over the country on Friday, according to MetService. A severe rain watch has been issued by forecasters, saying Northland and Coromandel would bear the initial brunt of the wet conditions. READ MORE: June temperatures 'well above average' in North Island; more rain for many western, inland areas Bluff residents asked to stay inside as building roof and powerlines come … [Read more...] about Weather: Heavy rain watches in place as storm prepares to sweep in on Friday

By Tom Espiner Published 2 hours ago comments Comments Share close Share page Copy link About sharing The pound has fallen to a two-year low against the dollar reflecting traders' increasing concerns about recession around the world as energy prices continue to soar. But sterling is also weak because markets are worried about future UK economic growth, analysts said. Sterling could fall even further after predictions of economic stagnation and as inflation rises, they added. London shares regained some ground on Wednesday following Tuesday's falls. The resignation of two senior government ministers on Tuesday evening, including former Chancellor Rishi Sunak, was not a significant factor in the pound's fall, Rabobank head currency strategist Jane Foley told the BBC Radio 4 Today programme. UK household energy bills to hit £3,000 per year Sunak … [Read more...] about Pound slides to two-year low against the dollar

OPINION: Record high ocean temperatures and marine heatwaves have become increasingly common in the waters off New Zealand in the past decade. During the same period, commercial fisheries have landed lower volumes for several fish stocks, including hoki and tarakihi. Māori hold almost a third of commercial fisheries interests in Aotearoa, but these are constrained to certain areas. The impacts of warming seas on Māori communities’ cultural and economic future well-being are not well understood. For many Māori, fisheries are the most significant assets. With my colleagues Tony Craig and Katherine Short at Terra Moana, we explored how changing ocean temperatures may affect Māori commercial fisheries as part of the Moana Project . READ MORE: NZ urged to commit to stronger ocean, fisheries protection Push to ban commercial fishing of at-risk native eels reaches Parliament Wild weather battering fresh fish supplies around country Most of the fish species of … [Read more...] about Changing ocean temperatures may affect Māori commercial fisheries