oil industry

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31 08 2020 | 10:22

Norway plans to drill for oil in untouched Arctic areas.

Critics say plan for fields off Svalbard threatens ecosystem and relations with Russia. Norway is planning to expand oil drilling in previously untouched areas of theArctic, a move campaigners say…

31 08 2020 | 08:34

EPA Has Granted More Than 3,000 Pollution Monitoring Exemptions to Oil and Gas Industry.

Environmental regulators across the country granted more than 3,000 requests from polluting oil and gas operations, government facilities, chemical plants, and other facilities to stop pollution…

31 08 2020 | 08:20

Japan's Nagashiki says has scuttled part of Mauritius oil-spill ship.

TOKYO  - Japan’s Nagashiki Shipping, which owns the bulk carrier that ran aground on a reef in Mauritius and caused a large oil spill, said on Tuesday it has completed scuttling of the front part of…

31 08 2020 | 08:06

Oil Spills Threaten Endangered South African Penguins.

African Penguins are Endangered African penguins, recognised by their chest black horseshoe markings and their distinct bray-like calls. The birds are native to South Africa and Namibia but can also…

31 08 2020 | 08:00

Trump Greenlights Drilling in the Arctic National Wildlife Refuge, but Will Oil Companies Show Up?

The Trump administration has announced that it is opening up the Arctic National Wildlife Refuge to oil and gas development – the latest twist in a decades-long battle over the fate of this remote…

25 08 2020 | 09:25

Major investment firm dumps Exxon, Chevron and Rio Tinto stock.

Storebrand says corporate lobbying to undermine climate solutions is ‘unacceptable’. A Nordic hedge fund worth more than $90bn (£68.6bn) has dumped its stocks in some of the world’s biggest oil…

25 08 2020 | 07:26

Oil giants including Exxon set first joint carbon target.

A group of the world’s top oil companies including Saudi Aramco, China’s CNPC and ExxonMobil have for the first time set targets to cut their combined greenhouse gas emissions as a proportion of…

23 08 2020 | 07:11

Has the coronavirus killed the oil sands industry?

The spectacular collapse in oil prices caused by the coronavirus pandemic has brought the costliest – and most polluting – oil projects such as tar sands to a standstill, a development some analysts…

19 08 2020 | 06:41

ExxonMobil warns of possible 20% writedown in oil and gas assets.

Exxon Mobil Corp. warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books. If depressed prices persist for the rest of the year, “certain…

16 08 2020 | 08:59

Kamala Harris’s Fracking Record Scares Big Oil But Attracts the Left.

Less than two hours after Kamala Harris was named Joe Biden’s running mate, President Donald Trump had cast the California Democrat as an oil industry and fracking foe. “She is against fracking. She…

16 08 2020 | 08:20

Calls for Woodside to pay $200m to clean up moribund Timor Sea oil site it ran until 2016.

Review recommends ‘trailing liability’, where owners remain liable for decommissioning sites after selling them. Energy giant Woodside Petroleum is facing calls to pay more than $200m to clean up a…

11 08 2020 | 06:06

Oil spill off Mauritius is visible from space.

The Indian Ocean island nation of Mauritius is on the brink of an environmental catastrophe after a bulk carrier struck a coral reef off its coast in late July, an accident that has led to a large…

10 08 2020 | 07:42

BP enjoys share bounce after unveiling plans to shift away from fossil fuels.

Despite reporting one of its worst quarterly results on record BP shares closed up 6.5%. BP has won guarded praise from climate emergency campaigners and a hefty share price bounce by unveiling new…

06 08 2020 | 07:56

BP Aims to Build 50GW of Renewables by 2030, Cut Fossil Fuel Output by 40%.

The oil supermajor lays out further details on its path toward net-zero, keeping ahead of its fossil fuel rivals in its energy transition ambitions. BP will cut its oil and gas output by 40 percent…

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…