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US tax bill opens Arctic Refuge for oil

Bloomberg Congress is close to lifting a 40-year-old ban on energy development in Alaska’s Arctic National Wildlife Refuge, but drilling for oil in that frozen wilderness may still be years away as the effort faces exhau- stive environmental reviews and likely lawsuits. It could be a decade or more before any well is drilled, following required environmental scrutiny and permit ...

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Pakistan flogs ‘dirty’ fuel oil as it shifts to LNG

Bloomberg Pakistan’s drive to tackle its polluted skies has left it with a problem: It has more dirty fuel oil than it wants. Their solution? Swap it with shipments of cleaner liquefied natural gas. The top oil marketing firm in South Asia’s second-largest economy, Pakistan State Oil Co., is exploring whether it can take delivery of LNG cargoes in return ...

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