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Petroecuador reaches deal with protesters for access to oil field

By Reuters Staff
2 Min Read
QUITO, June 25 (Reuters) - Ecuador’s state oil company Petroecuador said on Friday it had reached an agreement with an indigenous community to end a protest that had been blocking access to one of its largest oil fields in the Amazon region.
The indigenous Kichwa El Eden community began blocking access to the Block 12 Eden-Yuturi facilities on May 10 to demand a new contract over compensation to nearby residents after a previous deal inspired. Petroecuador on June 4 declared force majeure at the field, which normally produces around 28,500 barrels per day (bpd) of crude.
Petroecuador said in a statement that as part of the deal to lift the roadblock, it would within 60 days sign a five-year agreement with the community to provide social benefits for some 1,000 people living in the oil field’s so-called area of influence.

Yuturi , Orellana , Ecuador , Quito , Pichincha , Kichwa-el-eden , Thomson-reuters-trust-principles , Reuters , Alexandra-valencia-writing , Luc-cohen-editing , Marguerita-choy , Thomson-reuters-trust

U.S. infrastructure deal includes $6 billion sale from oil reserve -document

2 Min Read
WASHINGTON, June 24 (Reuters) - The infrastructure deal struck by a group of bipartisan senators and President Joe Biden on Thursday is partially funded by a $6 billion sale from the U.S. emergency oil reserve, according to a document circulated by Republican lawmakers.
A sale of that size equals a drawdown of about 82 million barrels, based on Thursday’s price of $73 a barrel for West Texas Intermediate crude. That represents a sale of about 13% of the reserve’s current holdings of nearly 624 million barrels of oil, though if prices rise, the volume of oil would shrink.
The deal was a step forward for the $1.2 trillion bipartisan Senate deal, but the battle is not over. Democrats are also working on a companion bill that will include more money to address climate fixes, but could only be passed on a party line vote in a process called reconciliation.

Louisiana , United-states , Texas , Washington , White-house , District-of-columbia , Dan-grebler , Timothy-gardner , Thomson-reuters-trust-principles , Strategic-petroleum , Reuters , President-joe-biden

ノルウェー石油労組、交渉決裂なら17日にスト開始　1000人超参加

ノルウェーの労働組合３団体は１１日、ノルウェー船主協会（ＮＳＡ）との労使交渉が決裂した場合、所属する約１０７６人の石油・ガス産業労働者が１７日にストライキを開始すると発表した。

Norway , Thomson-reuters , Industry-energy , Reuters , Reuters-norway , Oil , Wages , Americas , Corporate-events , Beverages-legacy , Commodities-news-3rd-party

Ｇ７、年内に石炭発電への新規支援終了へ　脱石炭加速で合意

主要７カ国（Ｇ７）首脳は１３日、Ｇ７首脳会議（サミット）の共同声明で、排出削減対策を講じない石炭利用について、脱石炭を加速させる技術や政策を迅速に強化すると表明した。各国政府は年内に石炭火力発電への新規支援を終了する。

United-kingdom , Thomson-reuters , Reuters , United-kingdom-england , G7 , Summit , Climate , Coal , Africa , Asia-pacific , Asia

Hard-hit by COVID-19, Latin America seen skimping on climate cash

Latin America is investing too little in a green economic recovery from COVID-19, with only 2% of the region's stimulus funds being spent on projects that help fight climate change, new data from Oxford University showed on Thursday.

Paris , France-general , France , United-states , Costa-rica , Costa-rican , America , American , Piedad-martin , Andrea-meza , Brian-ocallaghan , Anastasia-moloney

Exclusive-Shell weighs blockbuster sale of Texas shale assets

Royal Dutch Shell is reviewing its holdings in the largest U.S. oil field for a potential sale, people familiar with the matter told Reuters, marking a key moment in its shift away from fossil fuels as it faces growing pressure to slash carbon emissions.

Netherlands , Texas , United-states , London , City-of , United-kingdom , Dutch , Ben-van-beurden , David-gaffen , Ron-bousso , Jessica-resnick-ault , Gary-mcwilliams

Sudan ends gasoline and diesel subsidies with new at-cost prices

Sudan fully lifted subsidies on gasoline and diesel on Tuesday, according to a statement from the finance ministry that said previous prices would be canceled and new prices set that it said were in line with import costs.

Cairo , Al-qahirah , Egypt , Sudan , Sudanese , Chris-reese , Nafisa-eltahir , Nayera-abdallah , Thomson-reuters-trust-principles , Reuters , Thomson-reuters-trust , Economy-urgent

G7 commits to removing forced labor from global supply chains - U.S. says

The G7 committed to removing forced labour from global supply chains, a briefing document released by the United States on Sunday said, naming China's Xinjiang region as the main source of concern.

United-states , Kate-holton , Steve-holland , William-james , Thomson-reuters-trust-principles , Reuters , Guy-faulconbridge , Thomson-reuters-trust , G7 , Summit-xinjiang-urgent- , Americas , Textiles-amp-apparel-trbc-level-3-

EXCLUSIVE-Biden mulls giving refiners relief from U.S. biofuel laws -sources

President Joe Biden's administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates, three sources familiar with the matter said.

Delaware , United-states , Delaware-city , Louisiana , Pennsylvania , New-jersey , Texas , Nick-conger , David-gregorio , Donald-trump , Joe-biden , Tom-carper

Malaysia could spend nearly $2 bln on fuel subsidies this year - finance ministry

Malaysia is expected to spend 8 billion ringgit ($1.95 billion) on fuel and cooking oil subsidies this year, more than double the 3.78 billion ringgit originally allocated, the finance ministry said on Saturday.

Malaysia , Kuala-lumpur , Muhyiddin-yassin , Tengku-zafrul , Richard-pullin , Tengku-zafrul-abdul-aziz , Thomson-reuters-trust-principles , Reuters , Finance-minister-tengku-zafrul-abdul-aziz , Prime-minister-muhyiddin-yassin , Southeast-asian , Rozanna-latiff