oil industry

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26 08 2021 | 07:41

Muhammadu Buhari signs law in Nigeria to reform oil sector

The bill was first presented to parliament in 2008 and is aimed at removing legal and regulatory uncertainty that has held back industry growth Nigerian President Muhammadu Buhari signed into law…

26 08 2021 | 07:04

Big oil coined ‘carbon footprints’ to blame us for their greed. Keep them on the hook

Climate-conscious individual choices are good – but not nearly enough to save the planet. More than personal virtue, we need collective action.

24 08 2021 | 15:49

Unused Tools: How Central Banks are Fueling the Climate Crisis

Oil Change International August 2021 In collaboration with 350.org, Alliance Climatique Suisse, BankTrack, Campax, CIEL, Democracy Collaborative, E3G, Earthworks, Environmental Defense, Fossil Free…

23 08 2021 | 12:50

Judge throws out Trump-era approvals for oil project in Alaska

A federal judge on Wednesday threw out Trump administration approvals for a large planned oil project on Alaska’s North Slope, saying the federal review was flawed and didn't include mitigation…

23 08 2021 | 12:37

ExxonMobil begins selling off U.S. shale gas properties to raise money

Exxon Mobil Corp (XOM.N) has begun marketing U.S. shale gas properties as it ramps up a long-stalled program that aims to raise billions of dollars to shed unwanted assets and reduce debt taken on…

03 08 2021 | 04:39

‘We have to pay the price’: Oslo’s plan to turn oil wealth into climate leadership

The mayor of the Norwegian capital argues that the ‘moral’ duty to cut emissions from burning waste can be met by carbon capture The city of Oslo was built on wealth generated by the North Sea,…

30 07 2021 | 11:19

Outrage as Italy faces multimillion pound damages to UK oil firm.

Secretive tribunals allow fossil fuel companies to sue governments for passing laws to protect environment. Italy could be forced to pay millions of pounds in damages to a UK oil company after…

30 07 2021 | 10:52

ExxonMobil contract leaves Guyana out of oil gains

A loophole allows ExxonMobil consortium to reduce profits to Guyana for oil discoveries that may never be developed July 29, 2021 (IEEFA) ─ In a deal with ExxonMobil, Hess and China National…

23 07 2021 | 11:56

BHP, world’s largest miner, mulls selling multibillion oil and gas assets

BHP Group is considering getting out of oil and gas in a multibillion-dollar exit that would accelerate its retreat from fossil fuels, according to people familiar with the matter. The world’s…

17 07 2021 | 11:56

Greenland Abandons All Future Oil Exploration, ING.dk Says

Greenland has decided to drop all future exploration for oil as the government responds to environmental concerns, according to Danish media. Naalakkersuisut, as the island’s government is called, “…

13 07 2021 | 11:52

India’s biggest oil and gas giant takes a leap into clean energy.

Reliance Industries’ entry into clean energy could be a game changer for India In late June this year, Mukesh Ambani, chairman of Reliance Industries, announced a Rs75,000 crore (US$10bn) investment…

08 07 2021 | 11:44

'Bombshell' Secret Footage of ExxonMobil Lobbyists Sparks Calls for Climate Accountability​

While ExxonMobil's decades of sowing public doubt about climate science and the impact of fossil fuels have provoked various lawsuits, secretly recorded videos released Wednesday expose how the…

05 07 2021 | 10:28

Big oil and gas kept a dirty secret for decades. Now they may pay the price

Via an unprecedented wave of lawsuits, America’s petroleum giants face a reckoning for the devastation caused by fossil fuels After a century of wielding extraordinary economic and political power…

05 07 2021 | 10:26

Eskom Needs $10 Billion to Repurpose Most Coal Plants by 2050

Eskom Holdings SOC Ltd., South Africa’s state power utility, needs $10 billion to shut most of its coal-fired plants by 2050, a company official said. The utility is in talks with development…

28 06 2021 | 12:39

‘This isn’t ideological’: reluctant ‘green hero’ behind Exxon coup.

Tiny hedge fund Engine No 1 says a strong climate strategy simply makes good business sense. The activist hedge fund behind ExxonMobil’s boardroom coup last week has claimed another seat from the…

23 06 2021 | 11:57

‘It’s virtually impossible’: Transition to renewables at risk as oil and gas workers struggle to access green jobs

Exclusive: Survey of 600 offshore workers suggests expensive training costs could be stopping many from moving from fossil fuels into renewables The UK’s transition away from fossil fuels to…

15 06 2021 | 11:06

The Retreat of Exxon and the Oil Majors Won’t Stop Fossil Fuel.

National oil champions are likely to fill the gap left by private-sector players—meaning emissions won't shrink as fast as the supermajors. When Exxon Mobil Corp. decided to get out of a big oil…

14 06 2021 | 10:13

Sri Lankans face up to ‘unmeasurable cost’ of cargo ship disaster.

Fishing communities fear for future as oil, plastic and toxic chemicals devastate ecosystem. Until last week Lucien Justin, the chair of the Jude Watta fisheries committee in Wattala, near Sri Lanka…

14 06 2021 | 08:00

Shell’s historic loss in The Hague is a turning point in the fight against big oil

The oil giants that have helped drive the climate crisis are finally being forced to take responsibility for their actions.

06 06 2021 | 07:07

Big Oil’s Green-Spending Boost Isn’t Enough, IEA Says.

The oil and gas industry is set to boost investments in clean energy this year, but that still won’t be enough to put the world on a path to limit a dangerous rise in global temperatures. That’s the…