oil industry

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22 07 2020 | 08:28

World's largest oil firm agrees to carbon cuts to tackle climate crisis.

Saudi Aramco joins Oil and Gas Climate Initiative pledge but critics say targets are insufficient. The world’s biggest oil company, Saudi Aramco, has joined an alliance of oil companies to set the…

16 07 2020 | 08:59

From Covid-19 to climate: what's next after the global oil and gas industry crash?

While oil and gas are not alone in struggling in the economic slump, the reality of the climate crisis is starting to bite, analysts say.

16 07 2020 | 08:58

Bankrupt Fracking Companies Are Harming the Climate and Taxpayers.

Fracking companies are going bankrupt at a rapid pace, often with taxpayer-funded bonuses for executives, leaving harm for communities, taxpayers, and workers, the New York Time reports.

12 07 2020 | 08:53

US push to ease global energy controls as it hands fossil fuels $3bn.

Trump’s energy secretary Dan Brouillette promotes ‘all fuels’ free-market strategy at climate and sustainability summit. The US has argued for less regulation of the world’s energy systems, speaking…

08 07 2020 | 08:45

Grim Day for Pipelines Shows They’re Almost Impossible to Build.

To be an energy superpower, U.S. oil and natural gas requires a suitably gargantuan pipeline network that stretches for millions of miles. The country’s ability to expand that infrastructure is being…

08 07 2020 | 08:02

BP agrees to sell its petrochemicals business to INEOS.

BP has announced it has sold its global petrochemicals business to INEOS as part of its strategy to reinvent the company.  Selling its global petrochemicals business to INEOS will help bp strengthen…

07 07 2020 | 08:00

Coal, Oil, and Gas Don't Burn Themselves

Discussions about how to fight climate change almost always conclude with a lament over the “lack of political will.” It’s as if the roadblock preventing these clean-tech visions and white-paper…

07 07 2020 | 07:52

Dominion Sells Gas Business and Cancels Atlantic Coast Pipeline, in Clean Energy Pivot.

Dominion and Duke Energy will walk away from controversial pipeline project as U.S. utilities grapple with future role of natural gas. U.S. utility group Dominion Energy agreed Sunday to sell most…

06 07 2020 | 10:11

Fossils hit ‘turning point’ as Shell follows bp in declaring stranded assets.

The coronavirus pandemic may have produced a tipping point in the transition off fossil fuels, with two colossal fossils declaring in the last two weeks that they will downgrade the value of their…

04 07 2020 | 10:37

Russian mining giant admits pumping wastewater into Arctic tundra.

Norilsk Nickel suspends workers at metals plant who dumped the water in ‘flagrant violation of operating rules’ A Russian mining giant said on Sunday it had suspended workers at a metals plant who…

04 07 2020 | 10:36

Petrol sold to Nigeria from Europe 'dirtier' than black market 'bush' fuel.

Samples from illegal refineries in Niger delta found to be of a higher quality than imported petrol in new analysis. Black market fuel made from stolen oil in rudimentary “bush” refineries hidden…

03 07 2020 | 15:02

Big nations aid fossil fuels more than clean energies amid pandemic, researchers find.

US, Russia are among many G20 nations helping coal, oil and gas more than clean energy as part of recovery packages, a major study will show. Major nations including the United States and Russia are…

02 07 2020 | 07:23

U.S. shale pioneer Chesapeake Energy files for bankruptcy.

Chesapeake Energy, the poster child of the U.S. shale revolution, filed for bankruptcy protection on Sunday. The move comes as the company and industry more broadly has been rocked by a drop in oil…

26 06 2020 | 07:23

Oil, gas, coal could lose two-thirds of value by 2070, says study.

Business in oil, gas and coal is becoming increasingly unprofitable as global fossil reserves could lose around two-thirds of their value in the next 50 years, plummeting from around $39 trillion to…

18 06 2020 | 07:25

Global oil demand could hit record growth rate next year, IEA warns.

With no plans to raise clean energy investment, demand will soon reach pre-crisis level. The world’s oil demand could climb at its fastest rate in the history of the market next year, and may reach…

18 06 2020 | 07:03

Forest Service sparks controversy for pushing logging, oil during pandemic.

The Trump administration's “blueprint” paving the way for more logging, grazing and energy extraction is the newest flashpoint over regulatory rollbacks during the coronavirus pandemic. 

12 06 2020 | 19:47

The Fight to Keep the Mediterranean Free of Oil Drilling.

Activists are winning important fights against hydrocarbon exploration in the Mediterranean—but so much is still at stake. In the Eastern Mediterranean, the seabed drops to depths of more than 17,…

12 06 2020 | 09:53

A Major Oil Pipeline Project Strikes Deep at the Heart of Africa.

Despite the global plunge in oil prices, a major pipeline that would carry oil 900 miles across East Africa is moving ahead. International experts warn that the $20 billion project will displace…

12 06 2020 | 09:28

Big Oil could end up even bigger by the end of the coronavirus pandemic

The nation’s biggest oil and gas companies could end up even bigger by the end of the coronavirus pandemic.

10 06 2020 | 07:34

Satellites spot major oil spill in the Arctic Circle (photos)

Two European satellites have spotted a catastrophic oil spill in the Arctic Circle.