oil industry

At the time of Russia’s illegal invasion of Ukraine, it typically supplied one out of every four barrels of crude oil that the European Union imported. These imports contributed significantly to…

LAGOS, (Reuters) - Nigeria's solar companies are seeing a surge in demand for mini-grids and equipment as businesses in Africa's biggest oil producer look for alternative power sources after the cost…

 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…

China is aiming to overtake the EU as Africa’s biggest trade partner by 2030, a new report by the Economic Intelligence Unit (EIU) says. The report published on 3 August, says that China plans to…

ExxonMobil, Chevron and Shell posted record profits in the second quarter of 2022 as companies announced earnings this week.  The profits come as the world saw extremely high prices of both oil and…

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…

The oil and gas industry has delivered $2.8bn (£2.3bn) a day in pure profit for the last 50 years, a new analysis has revealed. The vast total captured by petrostates and fossil fuel companies since…

Just Stop Oil has followed Insulate Britain and Extinction Rebellion in taking climate action to the streets - but will its strategy cut through to the public? Climate activists group Just Stop Oil …

"I found myself feeling just so completely and utterly helpless, and realised I had to take action." Claudia Penna Rojas became a part of climate activist group Just Stop Oil in February. You might…

The French oil and gas company TotalEnergies has worked to cultivate a green reputation with climate goals and plans to ramp up renewable power, but a massive east African oil project is casting a…

Several clusters of thick black soot clasp to the lungs of a 24-year-old man in a photo taken while he was being operated on by Iboroma Aku Shed in the oil-rich Nigerian city of Port Harcourt.…

Nearly half of existing fossil fuel production sites need to be shut down early if global heating is to be limited to 1.5C, the internationally agreed goal for avoiding climate catastrophe, according…

Annette Arjoon is not anti-oil. The marine conservationist calls the vast new oilfields off Guyana’s coast a “blessing” that will earn billions of dollars for one of the poorest countries in the …

As the gas and oil industry gathers in Brisbane for the annual APPEA summit, new data has revealed that a handful of the biggest miners of Australian gas have paid no income tax for the better part…

Exclusive: Oil and gas majors are planning scores of vast projects that threaten to shatter the 1.5C climate goal. If governments do not act, these firms will continue to cash in as the world burns…

After decades of sowing doubt about climate change and its causes, the fossil fuel industry is now shifting to a new strategy: presenting itself as the source of solutions. This repositioning…

A glaring inconsistency in the US$10 trillion giant’s commitment to climate action One of the successes of the COP26 summit was the growth in the UN-convened Glasgow Financial Alliance for Net Zero …

Royal Dutch Shell (RDSa.L) said on Thursday it had acquired a 51% stake in an floating wind project off the west coast of Ireland aiming to develop up to 1.35 gigawatt in electricity capacity. Shell…

Since the 1980s, fossil fuel firms have run ads touting climate denial messages – many of which they’d now like us to forget. Here’s our visual guide by Geoffrey Supran and Naomi Oreskes Why is…

It is known as the resource curse: assets that should bring wealth and stability but instead lead to corruption and poverty. And for Nigeria, oil is the culprit In Nigeria, oil has been more of a…