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WASHINGTON, D.C., United States (AFP) – A judge on Thursday canceled the sale of oil and gas exploration leases of some 80 million acres in the Gulf of Mexico, after environmental groups sued the Biden administration citing major concerns. Federal District Court Judge Rudolph Contreras declared existing contracts invalid, saying the Department of the Interior did not adequately consider the leases’ impact on climate change when issuing them. According to the ruling, officials had used […]
WASHINGTON D.C., United States (AFP) – Workers have deployed containment booms and skimmer devices as they attempt to contain a sizable oil spill in the Gulf of Mexico discovered after Hurricane Ida roared through the area, the US Coast Guard said Sunday. The spill is in waters off Port Fourchon, Louisiana — near where Ida made landfall — in a region that is a major hub of the US petrochemical industry. An oil slick now […]
(REUTERS) Florida’s governor declared an emergency on Wednesday ahead of an approaching weather system that could bring life-threatening flooding and fierce winds, placing parts of the state’s Gulf Coast under a tropical storm warning and a hurricane watch. Storm preparations were also under way on Hawaii’s Big Island, where residents were warned of an approaching hurricane. The state’s governor ordered the closing of state offices on Wednesday. In Florida, Governor Rick Scott declared an […]
Shell, Exonn and now BP – all have been hurt by low oil prices. The UK giant’s underlying profits in the final quarter were down 20% on a year earlier at $2.2bln. Full year profit was 10% lower at just over $12bln. BP is slashing capital spending by a fifth to $20bln as a result. The oil giant did at least beat fourth quarter expectations thanks to a surprise profit from its Russian partner Rosneft. […]
