oil industry

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27 04 2021 | 16:55

UAE makes argument for renewables while boosting oil production.

The United Arab Emirates, one of the world’s biggest oil producers, said the commercial case for renewable energy has never been stronger. The Middle Eastern country plans to be at the forefront of…

27 04 2021 | 15:52

Africa at highest risk of instability as oil and gas production wanes.

When it comes to the final frontier for big oil discoveries, it’s not the Guyana-Suriname basin where supergiants like ExxonMobil (NYSE:XOM), Hess Corp. (NYSE:HES), and CNOOC (NYSE:CNOOC) have…

27 04 2021 | 09:57

The Oil Well Next Door: California’s Silent Health Hazard.

Unlike other oil-producing states, much of the drilling in California takes place in residential neighborhoods, often in Spanish-speaking communities. Despite mounting complaints about pollution from…

23 04 2021 | 10:43

Namibia: Indigenous leaders want big oil out of Kavango Basin.

ReconAfrica believes the Kavango Basin in Namibia and Botswana could generate billions of barrels of oil, but environmentalists and Indigenous leaders want the area to remain untouched. Windhoek,…

21 04 2021 | 06:13

A great deception’: oil giants taken to task over ‘greenwash’ ads.

ClientEarth calls for tobacco-like health warnings on advertisements from fossil fuel firms. Some of the world’s biggest fossil fuel companies have used advertising to “greenwash” their ongoing…

20 04 2021 | 12:25

Stranded asset risks for gas investments climbing quickly.

Natural gas is falling out of favor with emissions-wary investors and utilities at a quicker pace than coal did, catching some power generators unaware and potentially leaving them stuck with…

14 04 2021 | 12:10

New York state pension fund to divest from six Canadian oil sands companies

New York’s state pension fund is restricting investment in six Canadian oil sands companies because they have not shown they are prepared for a transition to a low-carbon future, the fund’s…

05 04 2021 | 10:04

UK rules out public subsidy for East African oil pipeline

UK Export Finance will no longer back oil and gas projects overseas, shutting off a potential source of support for a major pipeline across Uganda and Tanzania. The UK has ruled out billions of…

03 04 2021 | 07:11

Oil firms knew decades ago fossil fuels posed grave health risks, files reveal.

Exclusive: documents seen by Guardian show companies fought clean-air rules despite being aware of harm caused by air pollution. The oil industry knew at least 50 years ago that air pollution from…

29 03 2021 | 11:29

‘Colossal failure’: Government refuses to rule out new oil and gas licences in North Sea deal

Long-awaited deal between government and oil and gas sector a missed opportunity to ‘show climate leadership in the year of Cop26’, say campaigners. The government has refused to rule out the…

29 03 2021 | 09:54

BP board wants shareholders to vote against Paris Agreement climate resolution.

LONDON (Bloomberg) --BP’s board urged shareholders to reject a climate resolution filed by Dutch activist investor Follow This, despite pledging to work with the group last year to draft such a…

29 03 2021 | 09:49

UK government to allow new North Sea oil and gas exploration.

Joint investment of up to £16bn tied to industry promise to cut carbon emissions by 50% by end of decade. Ministers will allow oil drillers to keep exploring the North Sea for new reserves, despite…

22 03 2021 | 14:41

Global oil demand 'could exceed pre-Covid levels without clean energy moves'.

Figures from International Energy Agency dash hopes that world consumption had peaked. The world’s oil demand could exceed pre-Covid 19 levels within the next two years unless concrete government…

12 03 2021 | 14:18

Global oil companies have committed to 'net zero' emissions. It's a sham.

The energy industry is like a smoker who goes from one pack a day to two – but claims they’re quitting because they switched to filtered cigarettes.

12 03 2021 | 08:51

Oil supermajors made $20.5 billion in 2020 but spent $49.9 billion to please investors

Five largest private-sector oil supermajors have dropped more than a half-trillion on shareholders over last decade The world’s five largest private-sector oil and gas companies collectively spent $…

04 03 2021 | 07:46

California Governor Gavin Newsom sued for 'Completely Unacceptable' Approval of Oil and Gas Projects in California.

Accusing California regulators of "reckless disregard" for public "health and safety," the environmental advocacy group Center for Biological Diversity on Wednesday sued the administration of Gov.…

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.