Category: Oil & Gas

Secret Files reveal how UN Climate Advisers ‘greenwashed’ for BP

The PR firm advising the UN on climate change campaigns has been accused by US lawmakers of helping BP “greenwash” its fossil fuel investments, openDemocracy can reveal.

Exclusive: US Inquiry unearths pro-Gas PR Strategy produced by Firm “At Core of global Climate Effort”

Internal BP documents released to the US House of Representatives Oversight and Reform Committee and published last week show Brunswick created a strategy in 2017 or 2018 to help “reframe the conversation on gas”, “protect BP’s ‘advantaged gas position’” and “secure support for gas as a natural low carbon fuel”.

The news has sparked fresh concerns over Brunswick’s work for both Big Oil and the UN, which openDemocracy revealed this month.

Source: Secret Files reveal how UN Climate Advisers ‘greenwashed’ for BP

House report on big oil greenwashing shows ‘Big Tobacco Playbook All Over Again’ – Pearls and Irritations

Exxon Mobil Refinery in Baton Rouge, Louisiana.

“These companies know their climate pledges are inadequate, but are prioritising Big Oil’s record profits over the human costs of climate change,” said Rep. Carolyn Maloney.

Source: House report on big oil greenwashing shows ‘Big Tobacco Playbook All Over Again’ – Pearls and Irritations

Santos launches Federal Court appeal over Barossa gas project ruling in favour of Tiwi Islands traditional owners – ABC News

A gas platform in the Timor Sea.

Source: Santos launches Federal Court appeal over Barossa gas project ruling in favour of Tiwi Islands traditional owners – ABC News

Record profits, but gas companies warn we could be crying poor

gas companies

Michaella Cash is fighting for the gas not to be capped unless greater production is allowed. No mention of the record profits being made though. Capping profits or taxing them appropriately won’t scare the miners off. Her argument avoids suggesting that the gas companies might just be “crying poor”. They fell into line in West Australia, didn’t they?

As the federal government weighs its options for regulating the gas market to bring down soaring power prices, exporters of Australian gas, riding high on record profits, have fired a warning shot.

Source: Record profits, but gas companies warn we could be crying poor

Trigger shy: dithering on the obvious fix for gas and electricity bills costs every Australian – Michael West

LNG, gas

With an election 3 years away and an Opposition leader like Peter, Dutton Albanese seems to be happy playing politics by doing nothing and letting things get worse so he can play hero and make them better a little later on when he really needs to look good. He after all enough capital behind him given Morrison’s disastrous fall from grace. The ALP showed in WA that mining companies fall into line even when hard decisions are made. Michaela Cash can be found crowing for the “miners” claiming you can’t cap unless you increase production and pollute the planet even more. The LNP mindset is what’s destroying the planet?

The solution to the gas crisis and rising energy bills is a domestic reservation policy, like in WA. Why is this being ignored, asks Rex Patrick?

WA has reliable electricity, affordable gas, a reliable supply, and none of the chaos we’re seeing in the eastern states”.

The policy was quite controversial when first rolled out.

There was much gnashing of teeth, threats to sovereign risks, or threats [that] there won’t be any further investment.”, he said.

Industry didn’t like it at the time but now, it’s seen as a wonderful initiative and, across the board, it’s accepted by industry – both the oil and gas industry itself, but also other industries that are downstream users of it.”

He then went on to point out something our Federal leaders don’t seem to have grasped. 

Obviously, producers of gas in the east wouldn’t like [a reservation policy], but Australian national interest and the people of Australia must come first”.

That’s how it should be. Prime Minister Albanese needs to get that into his head and take action accordingly.

Source: Trigger shy: dithering on the obvious fix for gas and electricity bills costs every Australian – Michael West

Gas tax could cover energy transition costs

gas

A windfall profits tax levied on the export gas industry could pay for the government’s $20 billion Rewiring the Nation commitment to the energy transition and compensate households for price rises, states the Australia Institute.

Source: Gas tax could cover energy transition costs

Gas windfall ‘war profits’ surge to $40b – Michael West

As a consequence, the Australian Government now doesn’t want to tax them.

Australia’s gas giants are “profiteering” from the war in Ukraine, according to the independent Australia Institute.

Source: Gas windfall ‘war profits’ surge to $40b – Michael West

Saudi Arabia Oil Price Hike Is October Surprise Against Biden

Not just the Saudis but Russia, Israel, and the EU Right-Wing swing want Trump or the Republicans back. However, do Americans?

In reality, Saudi Arabia and other Gulf states involved with OPEC+ have effectively sided with the Kremlin, which enables Russia to refill its coffers and to limit the impact of Western sanctions.

The implications are far-reaching, from the Ukraine war to the future relationship between the U.S. and Saudi Arabia, and the emergent multipolar world order.

“The Saudis are working to get Trump re-elected and for the MAGA Republicans to win the midterms.”

Source: Saudi Arabia Oil Price Hike Is October Surprise Against Biden

Oil, gas firms want own terms on emissions – Michael West

Australia’s oil and gas industry is seeking special treatment in its pitch to a federal government review into how the nation’s heaviest greenhouse gas emitters should be constrained.

Source: Oil, gas firms want own terms on emissions – Michael West

Gas crisis really a transparency crisis, says architect of the “Trigger” Rex Patrick – Michael West

Gas Trigger, Rex Patrick

As regulator ACCC warns the gas cartel is sending companies to the wall, Rex Patrick demands transparency from government on gas trigger

Source: Gas crisis really a transparency crisis, says architect of the “Trigger” Rex Patrick – Michael West

The Reverse Bradbury: your electricity bill and the ACCC’s gas report – Michael West

Famously, Australian ice skater Stephen Bradbury won the speed skating gold medal at the Salt Lake City Winter Olympics when his four fancied rivals all fell just before the finishing line. So it was yesterday that the ACCC did a Reverse Bradbury and fell at the finishing line, letting the four gouging champions of Australia’s gas cartel through for a knife-edge victory.

The Reverse Bradbury: your electricity bill and the ACCC’s gas report – Michael West

Gas Lies: as super profits ramp up so too does the fossil fuel propaganda war – Michael West

domestic gas reservation policy

As fossil fuel corporations reap fabulous profits at the expense of Australian gas and electricity customers, the gas lobby is running a propaganda campaign calling for Australia to power the world, help Ukraine, let “the market” do its thing. The reality is there is no properly functioning market and this is all a PR distraction to combat the obvious solution to the crisis, that the government needs to earmark gas supply for East Coast customers. Callum Foote fact-checks the finance press.

Source: Gas Lies: as super profits ramp up so too does the fossil fuel propaganda war – Michael West

Western embargoes of Russian gas offer a real shot at a post-carbon future | Salon.com

A view of Gazproms Amur Gas Processing Plant (Yuri Smityuk\TASS via Getty Images)

Anti Climate Change Activist Murdoch is a heavy investor in Oil and its export . No surprise he employs the likes of Tucker Carlson a pro-Russian anchor echoed globally by clones like Andrew Bolt Chris Kenny etal in Australia who claim climate change advocates are the real warmongers and fossil fuel exporters the peacemakers. Andrew Bolt has been sucking off the News Corp teat his whole career.

In this long game, ironically, the EU, Japan, and the US are in the same camp as Putin’s current fellow travelers, China and India. All these countries are major oil importers who benefit from the cheaper prices that come from rapid deployment of clean energy in place of fossil fuels. Hence, if it is done well, a fiercely-fought oil and gas war could help Ukraine beat Putin and reunite the world community — leaving on the outside Russia, a rogue economy smaller than Italy’s and the Persian Gulf, and help substantially to save the climate along the way.

Source: Western embargoes of Russian gas offer a real shot at a post-carbon future | Salon.com

Oil Company Profits Have Surged. It’s Time to Tax the Windfall.

Amid Russia’s invasion of Ukraine, a chorus of voices is trying to convince ordinary consumers that paying higher gas prices is some kind of patriotic act. Big Oil doesn’t need the extra profits — it needs to have those profits taxed away.

Source: Oil Company Profits Have Surged. It’s Time to Tax the Windfall.

Saudi-Russia Collusion Is Driving Up Gas Prices, Worsening Ukraine Crisis

Mohammed bin Salman (r), Saudi Crown Prince and Vladimir Putin, President of Russia, at the G20 summit in Buenos Aires, 2018.

When Trump abandoned the Kurds in Syria he actually helped cement Russian influence in the Middle East along with Israel’s. Simply follow the money and the damage he caused and it becomes obvious that he was Russia’s puppet starting a war with China. Henot only divided America but the Western world.

Moscow’s partnership with Saudi Arabia has grown dramatically in recent years, granting the two largest oil producers in the world the unprecedented ability to collude in oil export decisions. The desert kingdom’s relationship with the U.S. has chilled in the meantime, as demonstrated earlier this month, when President Joe Biden pleaded with the Saudis to increase oil production — a move that would not only have helped to alleviate rising inflation and gas prices, but also reduced Russia’s extravagant profits amid its aggression against Ukraine. The Saudi king declined.

Source: Saudi-Russia Collusion Is Driving Up Gas Prices, Worsening Ukraine Crisis

Oil Is Killing the Planet — And Driving Inflation

Today’s inflation isn’t just caused by a post-pandemic rebound in fuel prices, but a long-term exhaustion of oil production. We need to end our dependency on fossil fuels without it becoming the pretext for another wave of austerity.

Source: Oil Is Killing the Planet — And Driving Inflation

Gas Myths: Australians pay 7th highest prices in world despite being biggest gas exporter – Michael West

Australia is the biggest exporter of gas, bar none, in the world, yet we are paying the seventh-highest prices for gas in the world. Callum Foote reports on the gas cartel and the myth there is a gas “market”.

Source: Gas Myths: Australians pay 7th highest prices in world despite being biggest gas exporter – Michael West

The Insurgency Against Big Oil – » The Australian Independent Media Network

In 1991, senior ice researcher Ken Croasdale of Exxon’s Canadian subsidiary told an engineering conference that “any major development with a lifespan of say 30-40 years will need to assess the impacts of potential global warming.” This was particularly pertinent “of Arctic and offshore projects in Canada, where warming will clearly affect sea ice, icebergs, permafrost and sea levels.” Not wishing to bite the hand feeding him, Croasdale brightly considered the benefit a warming planet might have for company operations in the Beaufort Sea: “potential global warming can only help lower exploration and development costs.” This is no longer the case: the investors and funds are in revolt and such large oil companies are counting a different set of costs.

Source: The Insurgency Against Big Oil – » The Australian Independent Media Network

Proving ‘A Different World Is Possible,’ Exxon Dropped From Dow Jones After 92-Year Run | Common Dreams News

Trump screwed the Kurds helping Exxon in Syria. Dow Jones says it wasn’t worth it. (ODT)

“Big Oil has fallen. Our job is to make sure they don’t take us down with them.”

Proving ‘A Different World Is Possible,’ Exxon Dropped From Dow Jones After 92-Year Run | Common Dreams News

World’s largest offshore rig owner files bankruptcy — RT Business News

World’s largest offshore rig owner files bankruptcy

UK-based offshore drilling contractor Valaris has filed for bankruptcy protection in the United States, offering creditors to swap some $6.5 billion of its $7.8-billion debt pile for equity. The company is the largest offshore rig owner in the world.

World’s largest offshore rig owner files bankruptcy — RT Business News

Insurance giant Suncorp to end coverage and finance for oil and gas industry | Environment | The Guardian

Gas flare on an oil rig

Suncorp’s decision to pull out of industry by 2025 puts it at odds with government push for gas-led recovery

Insurance giant Suncorp to end coverage and finance for oil and gas industry | Environment | The Guardian

The Oil Industry Is Dying Right Now. Don’t Resuscitate It.

The massive oil price crash we’ve seen this week is an opportunity for governments to do what we have long needed to do: keep the remaining fossil fuels in the ground and invest in a Green New Deal to save the planet and stimulate the economy.

via The Oil Industry Is Dying Right Now. Don’t Resuscitate It.

US smuggles crude worth $30mn per month from occupied Syrian oil fields, violating its own sanctions – Russian Foreign Ministry — RT World News

US smuggles crude worth $30mn per month from occupied Syrian oil fields, violating its own sanctions – Russian Foreign Ministry

Something you don’t hear every day but it’s very Trump and very the USA (ODT)

via US smuggles crude worth $30mn per month from occupied Syrian oil fields, violating its own sanctions – Russian Foreign Ministry — RT World News

Panic buying? Begging Trump for oil? No worries. She’ll be right

A speedboat of Iran's Revolutionary Guard trains a weapon toward the British-flagged oil tanker Stena Impero, which was seized in the Strait of Hormuz on July 19.

No need to accelerate to renewables Trump will save us (ODT)

And our government is negotiating to purchase the right to some of the US stockpile, which will remain in the salt domes until we call for it to be sent our way on ships, assuming they can get here in time.

In short, if things get a bit more tricky, our choice will be panic buying at the pumps, or going cap in hand to Trump, who cares about nothing but a sweet deal … for him.

You can bet he’ll want a lot more than a pound of flesh – or the Australian military on Iran’s borders – in return.

Anyone got any old skates? It was simpler then.

Panic buying? Begging Trump for oil? No worries. She’ll be right

John Bolton Says Ultimate Goal In Venezuela Is To Take Their Oil | Crooks and Liars

On Thursday, John Bolton told Fox Business host Trish Regan the administration had the goal of putting U.S. companies in charge of Venezuela’s oil production. Because freedom!

It’s 2003 all over again, right down to the mustachioed John Bolton, who freely admitted to Fox Business host Trish Regan on Thursday night that the ultimate goal of United States activity in Venezuela is to take over their oil production — or, in simpler terms, take their oil.

Wouldn’t Koch Industries love that? After all, they’ve sued Venezuela for millions — basically calling their loans — in order to destabilize their economy and punish President Maduro, who is a terribly brutal leader, but nevertheless elected by the people in an election which has been certified.

Mike Pence, a wholly-sponsored Koch project, was instrumental in injecting the United States into Venezuelan political unrest, according to a Wall Street Journal report.

via John Bolton Says Ultimate Goal In Venezuela Is To Take Their Oil | Crooks and Liars

Trump’s order for OPEC to reduce prices is insulting – Iranian oil minister — RT World News

Trump’s order for OPEC to reduce prices is insulting – Iranian oil minister

Donald Trump has insulted OPEC member states by ordering the organization to reduce prices, the Iranian oil minister stated, responding to the US leader’s recent criticism of OPEC for keeping oil prices artificially high.

via Trump’s order for OPEC to reduce prices is insulting – Iranian oil minister — RT World News

Toxic fears: Farmers warned not to eat the beef they sell

“Three of those are cattle and sheep grazed in the vicinity of the Esso Longford plant. On those three farms a total of 45 cattle and 45 sheep have been tested. In those animals, measurable levels of PFAs were detected in the serum.
“We’re also aware of another herd of cattle, a fourth, just cattle, that have been blood sampled for PFAS. But we’re not aware of the results. The Department of Defence is leading that investigation.”

Agriculture Victoria had purchased some of the PFAS-affected livestock in Gippsland to conduct its own longitudinal study on them, Dr Milne said, as there was little research in Australia or internationally about how long the chemicals linger in cattle, sheep and pigs.

Its initial tests on sheep showed PFAS levels dropped significantly within several weeks of them being moved to clear pasture, he said. He suspected that would take longer in cattle and pigs.

The EPA said it had only issued alerts in relation to

via Toxic fears: Farmers warned not to eat the beef they sell

Show us the gas, Barnaby – » The Australian Independent Media Network

I sure hope Leigh Sales takes Barnaby up on his offer to come back and identify these huge onshore reserves that no-one else knows about.And if I was a state premier, I would be having a very serious conversation with the Federal government about how telling lies for political purposes is not helping the nation.

Source: Show us the gas, Barnaby – » The Australian Independent Media Network

We’re drowning in cheap oil – yet still taxpayers prop up this toxic industry | George Monbiot | Opinion | The Guardian

As these new crisis bailouts for fossil fuels show, it’s those who are least deserving who get the most government protection

Source: We’re drowning in cheap oil – yet still taxpayers prop up this toxic industry | George Monbiot | Opinion | The Guardian

Recession, retrenchment, revolution? Impact of low crude prices on oil powers | Business | The Guardian

In an unprecedented year for the oil business, each of the major producers has its own problems. How will they react?

Source: Recession, retrenchment, revolution? Impact of low crude prices on oil powers | Business | The Guardian