oil industry

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24 10 2019 | 07:25

Rise of renewables may see off oil firms decades earlier than they think.

Pace of progress raises hope that fossil fuel companies could lose their domination. The world’s rising reliance on fossil fuels may come to an end decades earlier than the most polluting companies…

22 10 2019 | 12:47

Did Exxon Deceive Its Investors on Climate Change?

New York’s attorney general is about to square off against the oil giant in court. The New York attorney general’s office will take its case against Exxon Mobil to trial on Tuesday, arguing that one…

18 10 2019 | 08:44

Fossil fuel support is rising again in a threat to climate change efforts.

Fossil-fuel subsidies are environmentally harmful, costly, and distortive. After a 3 years downward trend between 2013 and 2016, government support for fossil fuel production and use has risen again…

17 10 2019 | 10:50

How real is Saudi Arabia's interest in renewable energy?

Ambitious plans have not been matched by progress, but there may finally be signs of change. It was the largest renewables project ever announced: $200bn (£158bn) worth of solar panels stretching…

17 10 2019 | 10:35

Top investment banks provide billions to expand fossil fuel industry.

Exclusive: analysis reveals lenders provided $700bn to expand sector since Paris climate pact. The world’s largest investment banks have provided more than $700bn of financing for the fossil fuel…

09 10 2019 | 15:45

Coal finished as renewable costs crash.

Bloomberg just published another stark reminder of the shifting landscape for energy generation – fossil fuels have a limited time as viable sources of energy. And I’m not talking about saving the…

01 10 2019 | 09:24

Renewables displace oil as top world energy source late 2040s: US EIA.

Washington — Renewable energy will displace petroleum as the most-used global energy source in the late 2040s, but oil demand is not expected to peak before 2050, the US Energy Information…

27 09 2019 | 10:14

Attack on Saudi oil is a reminder America needs sustainable energy dominance.

Over the weekend, attacks on Saudi Arabian oil facilities sent shock waves through the global energy network. Ten drones disrupted production at two installations that together account for 5 percent…

23 09 2019 | 07:50

"Own fossil fuels and you own climate change" – a possible future crime against humanity.

Amid growing international calls for the burning of fossil fuels to be made a crime against humanity, South Africans have been reminded how much public and private funds still prop up carbon…

21 09 2019 | 10:55

Oilsands Face Deep Trouble As ‘Death Toll’ Rings For Gasoline.

Oil production costs will have to come way down to be competitive with renewables a decade from now, a new study says. The age of gasoline could be over sooner than many people think, a recent…

16 09 2019 | 09:20

Climate Activists Climb Houston Bridge Ahead of Democratic Debate to Demand Renewable Energy.

Greenpeace climate activists climbed Houston's Fred Hartman Bridge hours ahead of the Democratic debate on Thursday to shut down shipping traffic and call for a shift to renewable energy. Greenpeace…

16 09 2019 | 09:11

Energy 'transition' the buzzword, but a fossil future for the Gulf.

In the vast air-conditioned halls of an Abu Dhabi conference centre, the world's much-vaunted transition to clean energy is the buzzword in sessions of a top industry gathering. But many executives…

09 09 2019 | 11:04

ExxonMobil’s slide from the Top Ten of the S&P 500 ‒ historic turning point for the company.

Milestone further underscores downward trend in the oil and gas sector August 30, 2019 (IEEFA U.S.) ‒ ExxonMobil is no longer in the Top Ten of the Standard & Poor’s 500 Index, according to S…

05 09 2019 | 08:00

Oil Prices Must Drop Sharply To Compete With EVs.

All major stakeholders in the oil industry need oil prices to be higher than the current $60 a barrel Brent Crude to turn profits or balance government budgets. Yet, in the long term, oil prices at…

03 09 2019 | 10:01

Aramco Makes $250 Million/Day; Expect More Asset Buys.

  Saudi oil giant earns more than top five oil majors combined More M&A likely after Aramco takes 20% in India’s Reliance  

30 08 2019 | 08:38

How Europe’s war on plastics is affecting petrochemicals.

With oil use in cars expected to peak in the mid-2020s, oil companies are seeking shelter in petrochemicals – and plastics – where demand is still going strong. However, even that notion is now being…

13 08 2019 | 09:30

How the world’s dirtiest industries have learned to pollute our politics.

The fossil-fuel lobby is threatened by public concern over the climate crisis. So it’s buying influence to get the results it wants. The tragedy of our times is that the gathering collapse of our…

09 08 2019 | 12:31

BNP Paribas: Oil losing the economic battle with renewables, EVs.

Wind and solar power can produce seven times more useful energy for cars, dollar for dollar, than gasoline with oil prices near current levels, according to BNP Paribas SA. Oil will have to fall to…

04 08 2019 | 15:13

Squeezing North Sea dry will harm Paris targets

Extracting all remaining oil and gas reserves would see the UK miss its climate change commitments, Friends of the Earth Scotland (FoES) has claimed.

17 07 2019 | 14:25

The Ten Countries That Dominate World Fossil Fuel Production.

Despite the rapid growth of renewable energy over the past decade, fossil fuels still dominate global energy consumption -- providing for 85% of global energy needs in 2018, according to BP's…