oil industry

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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.

07 06 2020 | 11:44

Fossils’ five-year spending plan shows $17.5b for renewables, $166b for new oil and gas.

Despite fossils’ loud claims to be taking the climate crisis and the renewable energy transition seriously, they only plan to spend US$17.5 billion on solar and wind projects over the next five years…

07 06 2020 | 11:38

How Mena economies can survive the triple crises of Covid-19, oil market volatility and climate change.

Industries that build on the region’s existing competitive advantages can help with boosting employment, diversification, technological sophistication, food security, non-oil exports and…

02 06 2020 | 08:57

New Report Details How G20 Nations Spend $77 Billion a Year to Finance Fossil Fuels.

Even after the world's largest economies adopted the landmark Paris agreement to tackle the climate crisis in late 2015, governments continued to pour $77 billion a year in public finance into…

02 06 2020 | 08:16

Exxon Mobil declines to set long-term climate goal, bucking oil industry trend.

ExxonMobil dismissed the idea of setting a date by which it will sharply reduce its contributions to climate change — bucking a recent trend among major oil companies. Darren Woods, the company’s…

31 05 2020 | 07:12

Japan Must Not Support Vung Ang 2 Coal Power Plant in Vietnam

127 Organizations from More Than 40 Countries and Regions Sign Petition to Japanese Public and Private Sectors

28 05 2020 | 08:34

Alberta Energy Minister Calls Pandemic ‘a Great Time’ to Build Pipelines Due to Protest Restrictions.

Anti-pipeline protests work. That's the implication behind comments made by Alberta Energy Minister Sonya Savage Friday on how coronavirus social distancing requirements could ease the construction…