oil – Karma

Phillips 66 Seeks to Convert Oil Refinery Into World’s Largest Biofuels Facility

Neanda Salvaterra — Wed, 19 Aug 2020 10:00:00 +0000

Phillips 66 becomes latest energy company seeking to convert an oil refinery into a biofuels plant to take advantage of robust demand for green fuels. Economic recession brought on by the COVID-19 pandemic has hurt demand for oil and gas and other energy sources, leaving companies scrambling to find new sources of income. Despite weak […]

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Environmental Activists Watching How New York State Will Treat ‘Hazardous’ Oil and Gas Waste

Neanda Salvaterra — Wed, 12 Aug 2020 10:00:00 +0000

Activists are watching whether the state will enforce a new law that closed a loophole that allowed waste from certain oil and gas drilling activities in Pennsylvania to be disposed of in New York. Oil and gas waste can contain contaminants, such as heavy metals or radioactive materials, that leach into the ground, pollute the […]

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BP Plan to Become Alternative Energy Solutions Juggernaut? ‘Doable,’ Says Analyst

Neanda Salvaterra — Mon, 10 Aug 2020 10:00:00 +0000

BP’s plan to transform itself from an oil and gas company to an alternative energy solutions enterprise is viable, say analysts. BP is mapping out its strategy amid growing calls from the public for the world to transition away from fossil fuels, linked to carbon emissions and rising global temperatures. The company aims to cut […]

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Fossil Fuel’s Rough Patch: Pipelines Stopped Amid Outcries and Falling Prices

Ron Day — Tue, 07 Jul 2020 10:00:00 +0000

Plug pulled on gas and oil pipelines as prices slip Risks to investing in fossil fuels appear to rise with court ruling against Dakota Pipeline Environmentalists hail decision to stop Dakota Pipeline a day after Duke and Dominion scuttle Appalachian pipeline Oil and natural gas companies are reeling after a pair of multibillion-dollar pipeline projects […]

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Oil Producers Continue to Slash Output Amid Anemic Demand

Neanda Salvaterra — Fri, 15 May 2020 10:00:00 +0000

The International Energy Agency eased its grim demand projections amid a gradual reopening of some economies. The oil market may be stabilizing as oil producers, including the U.S. cut back on their crude output. Global crude supply is set to fall to a nine-year low, says the agency potentially cementing carbon emissions reductions. The global […]

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Oil’s Misfortune May Cement Renewable Energy and Emissions Reduction Gains

Neanda Salvaterra — Wed, 22 Apr 2020 10:00:00 +0000

Consumers may permanently alter their energy use following the economic slowdown brought on by the global pandemic. Large energy companies are taking actions that could increase investments into alternative energy sources. Consumers and some energy companies are responding to societal and regulatory pressure to help fight climate change. COVID-19 lockdowns sent oil prices reeling to […]

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