oil industry

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26 10 2020 | 09:53

While We Focus on COVID-19, Trump’s EPA Is Quietly Killing Us.

As the days tick down to next month's presidential election, debate rages over the U.S. government's handling of the COVID-19 pandemic with critics of President Donald Trump calling for his ouster…

24 10 2020 | 12:48

ExxonMobil says the long-term fundamentals have not changed. Really?

No fundamental shift is taking place in global energy markets, according to company reports In April, when announcing its first-quarter financial performance, including its first quarterly loss in…

24 10 2020 | 12:00

BP market value at 26-year low as investor confidence shaken.

Oil firm slumps to value of £40.5bn, well below that of offshore wind developer Orsted. BP’s market value has fallen below 200p a share for the first time since 1994 with investor faith in the…

22 10 2020 | 09:27

Trump asked Exxon for money. Period.

Trump has long preferred a mob-like form of communication which lives and dies on plausible deniability. He employed it masterfully last night in Arizona. “All I have to do is call up the head of…

09 10 2020 | 14:26

Opec rejects projection that global demand for oil has peaked.

Cartel of oil-exporting nations expects demand to continue rising until late 2030s. The world’s most powerful oil-producing nations have denied that oil demand may have already reached its peak and…

05 10 2020 | 11:49

Oil and Gas Companies Indirectly Bailed Out by the Fed.

A new report shows the U.S. government bought more than $350 million in bonds issued by oil and gas companies and induced investors to loan the industry tens of billions more at artificially low…

05 10 2020 | 11:20

UK held private talks with fossil fuel firms about Glasgow Cop26.

Documents show BP, Shell and Equinor had several meetings with government officials. Fossil fuel firms have held a series of private meetings with UK government officials in an attempt to be part of…

04 10 2020 | 18:32

Britain's oil and gas rigs most polluting in North Sea, says report.

Release of CO2 from UKCS rigs was much greater than Norwegian and Danish regions. Britain’s oil and gas rigs are the most polluting in the North Sea oil basin, according to industry data, with…

30 09 2020 | 09:10

Revealed: BP And Shell Back Anti-Climate Lobby Groups Despite Pledges.

An Unearthed and HuffPost investigation identified at least eight trade associations the companies failed to disclose in transparency reports. Earlier this year, oil giants BP and Royal Dutch Shell…

29 09 2020 | 09:01

Chad halts lake's world heritage status request over oil exploration.

Exclusive: African state says it has agreements with oil companies in Lake Chad area. Chad has asked to suspend an application for world heritage site status for Lake Chad to explore oil and mining…

27 09 2020 | 08:42

China’s national oil company brings first offshore wind project into operation.

China’s offshore oil and gas major CNOOC Ltd announced on Tuesday that its first offshore wind power project has connected to the grid and begun to generate power The wind power project, located in…

27 09 2020 | 08:32

India to be largest source of energy demand growth: BP Energy Outlook.

Demand for oil is "broadly flat" even in the most bullish scenario as the energy transition shifts the world away from fossil fuels.

27 09 2020 | 08:10

Shell launches restructuring effort to prepare for energy transition.

Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power…

23 09 2020 | 11:01

Onboard Birthday Party May Have Caused Mauritius Oil Spill.

A Japanese ship that wrecked off the coast of Mauritius in July and sparked one of the worst environmental disasters in the country's history may have run aground because of birthday celebrations on…

23 09 2020 | 10:29

OPEC Turns 60: An Oil Cartel on Life Support.

In 1973, a handful of oil-rich countries, led by Saudi Arabia, Iran and Iraq, brought the mighty U.S. economy to its knees by slapping an oil embargo on Washington and its allies. The suspension of…

23 09 2020 | 09:57

Most plastic will never be recycled – and the manufacturers couldn’t care less.

Oil and gas companies make far more money churning out new plastic than reusing old. Meanwhile, the public gets the blame.

15 09 2020 | 11:07

Investors that manage US$47tn demand world’s biggest polluters back plan for net-zero emissions.

Climate Action 100+ group put 161 fossil fuel, mining, transport and other big-emitting companies on notice in latest campaign by shareholders. A group representing investors that collectively…

15 09 2020 | 10:30

Global oil demand may have passed peak, says BP energy report.

Oil will be replaced by clean electricity, BP predicts, as demand may never recover from Covid-19 pandemic. BP has called time on the world’s rising demand for fossil fuels after finding that demand…

07 09 2020 | 10:53

Protesters March Against Oil Spill 'Incompetence' in Mauritius as More Dead Dolphins Wash Ashore.

Protestors filled the streets of Mauritius's capital city, Port Louis, over the weekend to demand resignations of officials and an investigation into the oil spill that has jeopardized the future…

04 09 2020 | 08:17

President Donald Trump’s Climate Change Record Has Been a Boon for Oil Companies, and a Threat to the Planet.

In the middle of his 44th month in office, two weeks before the start of the Republican convention in late August, President Trump rolled back Barack Obama's last major environmental regulation,…