oil industry

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16 02 2021 | 09:34

Big Oil’s Undemocratic Advantage You’ve Probably Never Heard Of.

Why Joe Biden needs to restore shareholder democracy in the US. We can’t waste any more time addressing the global warming issue we’re facing. The amount of greenhouse gases (GHG) in the atmosphere…

15 02 2021 | 12:38

Shell to expand gas business despite pledge to speed up net zero carbon drive.

Energy firm seeks to grow operation by 20% but offset expansion via carbon capture and ‘nature-based solutions’. Shell has set new carbon emissions goals to become a net zero carbon energy company…

09 02 2021 | 08:49

UK North Sea oil rigs release as much CO2 as coal-fired power station – study

Rigs burn off enough unwanted gas to heat 1m homes, UK regulator said last year. The UK’s North Sea oil rigs release as much carbon dioxide as a coal-fired power plant every year by deliberately…

09 02 2021 | 08:25

DOI Revokes 70 Improperly Issued Drilling Permits.

The Interior Department is revoking about 70 oil and gas drilling permits issued, invalidly, during the first days of the Biden administration, Bloomberg reports.

06 02 2021 | 12:14

ExxonMobil posts record loss, cuts value of shale assets by more than $20 billion.

Exxon Mobil Corp on Tuesday posted a historic annual loss after the COVID-19 pandemic hammered energy prices and the company reduced the value of shale gas properties by more than $20 billion. Exxon…

03 02 2021 | 14:08

Dutch Court Orders Shell Oil to Pay for Harm Done to Nigerian Farmers.

Global environmental justice campaigners heralded a Dutch court's ruling Friday that Royal Dutch Shell's Nigerian subsidiary must pay punitive restitution to Nigerian villages for oil spill…

03 02 2021 | 09:23

Shell Is Back in Court for Nigeria Oil Spills Liability Ruling.

Royal Dutch Shell Plc faces the latest ruling in a long-running legal dispute with Nigerian farmers who say the energy giant is responsible for oil leaks that have polluted their villages. The case…

03 02 2021 | 09:06

Biden set to ban new oil and gas leases on federal lands after Trump sell-off.

Move follows a 60-day suspension of new drilling permits for US lands and waters announced last week. Joe Biden has earmarked Wednesday as “climate day” at the White House to announce a slew of…

01 02 2021 | 10:40

Rating agency S&P warns 13 oil and gas companies they risk downgrades as renewables pick up steam.

Firms including Woodside, Chevron, Shell and Exxon Mobil, told they could be downgraded within weeks Rating agency S&P has warned 13 oil and gas companies, including the some of the world’s…

27 01 2021 | 09:49

Coalition granting fossil fuel companies up to $250,000 to attend industry events.

International mining conference among forums involving oil, coal and gas industries approved for subsidies in program touted as boosting events sector. The Morrison government is offering fossil…

07 01 2021 | 12:04

Climate change: Alaskan wilderness opens up for oil exploration.

The Trump administration is pushing ahead with the first ever sale of oil leases in the Arctic National Wildlife Refuge (ANWR). The giant Alaskan wilderness is home to many important species,…

27 12 2020 | 08:00

Breakingviews - Big Oil will cash in on sun and wind.

LONDON (Reuters Breakingviews) - The sun will come out tomorrow for oil titans. Even as stock markets rallied broadly from pandemic-induced 33% dives in March, share prices for BP, Royal Dutch Shell…

27 12 2020 | 07:38

UK oil and gas industry submit revised strategy for net-zero requirements.

The Oil & Gas Authority has submitted a revised strategy to the UK Parliament, featuring a range of new net zero obligations for the UK. The revised Strategy reflects the ongoing global energy…

20 12 2020 | 07:49

America's last wilderness is about to go to the highest bidder for oil drilling.

Ten thousand years of undisturbed nature will soon be open to the highest bidder, starting at $25 an acre. Language is everything. Those who argue for oil drilling in the Arctic national wildlife…

13 12 2020 | 06:22

Peak oil

Peak oil is the year when the maximum rate of extraction of petroleum is reached, after which it is expected to enter terminal decline.[2] As of 2020, peak oil forecasts range from 2019[3] to the…

11 12 2020 | 13:23

The last days of the Empire.

Appalachian frackers report $504M in negative free cash flow despite capex slashing Tide of red ink shows little sign of ebbing any time soon for shale-focused regional gas producers December 3,…

08 12 2020 | 12:09

The Danish climate minister closing down the oil industry for good.

Dan Jørgensen has agreed the world’s most ambitious climate goal with a promise to cut 70% of emissions by 2030. Denmark’s climate minister is fairly certain that the deal to close down the nation’s…

07 12 2020 | 07:29

Peak oil is suddenly upon us

A year ago, if anyone in the petroleum business had suggested that the moment of Peak Oil  had already passed, they would have been laughed right off the drilling rig. Then 2020 happened. Planes…

30 11 2020 | 07:41

Equinor sees peak oil coming by 2028.

Oil firm Equinor expects global oil demand to peak by around 2027-2028, two-free years earlier than the company previously saw, as a result of the COVID-19 pandemic, it said on Tuesday. “Earlier…

28 11 2020 | 08:00

Climate activists ramp up pressure on Biden with protest outside Democratic headquarters.

Climate groups plan to camp in Washington DC in protest of Biden’s hires of key staff with connections to the oil and gas industry. Progressive climate activists plan to occupy the Democratic…