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…
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…
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…
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…
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…
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…
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,…
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…
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…
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…
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…
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,…
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…
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…
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…
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…
In April, the price of oil turned negative for the first time in history, just after the coronavirus pandemic hit. As lockdowns were ordered across the world, demand for black gold plummeted,…
With demand and share prices dropping, Europe’s fossil fuel producers recognise that peak oil is probably now behind them.
Ayear ago, only the most ardent climate optimists believed that the world’s…
Announcement follows record quarterly loss of $680m, its third quarterly deficit in a row.
ExxonMobil has warned it may write down the value of its US shale assets by up to $30bn (£23.2bn) following…
In the southern desert of Dubai in the UAE, a new wonder is rising but it’s not another skyscraper as the region is famed for, instead, a coal-fired power plant is underway. The construction of the $…
© Copyright 2019. All Rights Reserved.
Maintenance & Support
