BP predicted that global carbon emissions will stop rising by mid-2020 due to a boom in wind and solar energy. In its influential outlook report, the energy company found that
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A report by the London School of Economics found that climate campaigners are suing energy companies to stop the use of fossil-fuels. The LSE has found that there are currently
British territory consults with islanders about plans to drill 500m barrels for oil First time in history the Falkland Islands have opened their waters to oil exploration, which could lead
In an apparent effort to appease investors unhappy with BP ‘s green goals, the head of BP imposed a hiring ban and halted all new offshore wind projects. Murray Auchincloss
ExxonMobil executives work in a six-storey office building in the capital of Guyana, Georgetown. They are figuring out how to expand what is one of the world’s largest offshore oil
Last week, Sheikh Mohammed bin Zayed al-Nahyan found an Adnoc request in his in-tray. Can the team that is bidding on Covestro, Germany’s biggest company, show goodwill with a sweetening
The future of one of the Biden Administration’s flagship projects, to derive electricity from hydrogen, is uncertain due to community opposition. This highlights the difficulty in implementing a technology that
Experts warn that global oil surplus is’staggering,’ and could lead to a drop in petrol prices Analysts predict that oil prices could drop to $60 (£47), a barrel, in the
International Energy Agency warns that the world will face a “staggering surplus” of oil by the end decade. This is equivalent to millions of barrels per day as oil companies
On Saturday night, New Zealand’s government was expected to lift a ban on oil and gas drilling amid fears of blackouts. Labour also plans to implement a similar crackdown in
The weekly highlights in both the oil and gas industry and the mining sector feature significant updates from various companies, shedding light on ongoing activities and advancements within these industries.
Three oil and natural gas companies delayed making a decision about a new project in the North Sea, due to uncertainty regarding whether a possible Labour government would increase windfall
Three people with knowledge of the situation say that Russia’s efforts to reach a deal on a major pipeline with China have been stymied by what Moscow views as Beijing’s
In an effort to boost crude prices, the Opec+ group has agreed to extend many of its production restrictions into next year. The Opec cartel, along with its allies, including
Hess’s shareholders approved a $53bn acquisition by Chevron. This is a controversial deal at the center of a high profile brawl among America’s top oil companies. Investors voted on Tuesday
Guyana’s President said that he welcomes Chevron to join the ExxonMobil consortium operating the $150 billion offshore oil project of the country. This is ahead of the crucial vote by
