oil industry

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15 05 2021 | 12:33

The Role of Oil & Gas in Africa Energy Supply.

The Role of Oil & Gas in Africa Energy Supply Africa has 15 per cent of the world’s population but consumes only 3 per cent of its energy while it produces 12 per cent of the world’s energy.…

15 05 2021 | 12:10

The Greenwashing Files: Fossil Fuel Giants Accused of ‘Deceptive’ Advertising.

Fossil fuel companies could face legal challenges over their misleading advertising, after a DeSmog investigation uncovered the extent of their "greenwashing." Environmental lawyers ClientEarth have…

14 05 2021 | 14:40

Middle East oil producers move to maximize oil assets amid grim revenue future

Within the last month, Saudi Arabia’s state oil giant Aramco has announced the sale of a minority—but large—stake in its pipeline business, the possibility to sell another 1 percent of its stock, and…

06 05 2021 | 16:00

Oil prices set for massive plunge if Paris climate goals met by 2050.

The price of oil could plunge to as little as $10 a barrel by 2050 if the world succeeds in electrifying the energy market and meeting Paris Agreement goals, a consultancy said on Thursday.  Energy…

04 05 2021 | 10:27

Shell and BP bounce back into profit even as oil’s glory days fade.

Covid dealt fossil fuel giants a heavy blow, but demand is lifting revenues again in a last hurrah before decarbonisation.

03 05 2021 | 07:52

New Mexico fights to escape powerful grip of big oil and gas.

New Mexico seeks to become an economy less reliant on oil and gas, but the extractive industries continue to exert their might on the state and its people One of the first bills she pushed sought a…

29 04 2021 | 09:24

Oil and gas-rich Alaska seeking renewable alternatives to fossil fuels.

Concerns around energy independence and high costs have led many places in rural Alaska to look for renewable alternatives to fossil fuels. The Department of Energy recently announced the awardees of…

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…