oil and gas producers

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17 08 2022 | 16:16

Big oil firms set to post record profit despite gas outages

 The world's largest energy traders, independents and majors, are poised to post record earnings for the first six months of the year due to volatility in markets caused by the Ukraine war and…

17 08 2022 | 16:02

Oil firms seem more interested in shareholders than net zero

Oil companies are partying like it’s 2008. As during the global financial crisis that took hold that year, economies face the prospect of deep recessions but oil companies are reaping record profits…

17 08 2022 | 15:49

Congress is about to pass a historic climate bill. So why are oil companies pleased?

“We’re pleased,” ExxonMobil’s CEO, Darren Woods, said on an earnings call last month, speaking about the Inflation Reduction Act. He called the bill, now making its way through the US Congress, “…

17 08 2022 | 15:48

Big oil is wringing humanity dry. We need a fossil fuel non-proliferation treaty

This week, major oil and gas companies reported 11-figure profits in the second quarter. At the same time, inflation has reached 40-year highs around the world and recessions loom. The obscene…

09 08 2022 | 08:22

Soaring gas prices help Origin Energy net $1.59bn from Queensland pipeline

Soaring gas prices driven by the war in Ukraine have doubled revenue at the biggest gas export terminal on the east coast, delivering a bumper $1.59bn dividend to part-owner Origin Energy and…

02 08 2022 | 11:14

IEEFA: More subsidies proposed for a failing and risky gas industry

There is much to disagree with in the proposed Australian Government “ramping up” of funding for the Beetaloo Basin gas expansion.

14 06 2022 | 09:00

Vanguard refuses to end new fossil fuel investments

The world’s second-largest asset manager Vanguard has refused to stop new investments in fossil fuel projects and end its support for coal, oil and gas production. Chief executive Tim Buckley said…

22 04 2022 | 14:46

IEEFA U.S.: Oil and gas producers are not increasing production in response to current price spikes

April 13, 2022 (IEEFA)—High oil and natural gas prices are not translating into increased production due to investor pressure to maintain capital discipline, according to an analysis by the Institute…