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Egypt and a consortium made up of energy companies Total of France and Italy’s Eni will next month sign a key agreement to transport natural gas from an undersea deposit inside Cypriot waters to ...
Oil company Phillips 66 announced Wednesday that it plans to shut down a Los Angeles-area refinery by the end of 2025, citing market concerns. The company said it will remain operating in the state.
Since Newsom signed a law to ban new oil and gas wells near homes and schools in 2022, oil companies poured millions into qualifying a measure on the November ballot to overturn it.
The California oil and gas industry has been a major economic and cultural component of the US state of California for over a century. Oil production was a minor factor in the 19th century, with kerosene replacing whale oil and lubricants becoming essential to the machine age.
Legislators and Gov. Newsom did not heed warnings that adding new mandates on oil companies would drive them out of the state. One already has. The California Democrats’ oil strategy is a big bust.
The plan marks a continuation of the governor's campaign to blame the oil industry for high gas prices in California and another attempt by Newsom to jam legislation through the state Capitol.
The California agency that regulates oil and gas operations concludes that a law on well-plugging does not apply to a merger of two giant fossil fuel companies, angering the law's author.
The bill could force oil refineries in California to keep fuel reserves. Gavin Newsom signs bill aiming to prevent California gas price spikes, swipes at oil industry Skip to main content