Revealed: documents detail key players behind vast Australian fossil fuel expansion

From the start of the Middle Arm project and its associated gas developments, there have been concerns about the potential for actual or perceived conflicts of interest by decision…Continue readingRevealed: documents detail key players behind vast Australian fossil fuel expansion

News Corp endorses the Australian gas industry

All articles sourced from the Adelaide Advertiser, dated May 19, 2023.Continue readingNews Corp endorses the Australian gas industry

UN chief attacks oil and gas industry ‘planet wreckers’ over fossil fuel expansion

UN secretary-general António Guterres attacked oil and gas industry attempts to justify fossil fuel expansion with carbon capture technology as “proposals to become more efficient planet wreckers”, in a…Continue readingUN chief attacks oil and gas industry ‘planet wreckers’ over fossil fuel expansion

Vast fossil fuel and farming subsidies causing ‘environmental havoc’

Trillions of dollars of subsidies for fossil fuels, farming and fishing are causing “environmental havoc”, according to the World Bank, severely harming people and the planet. The “toxic” subsidies…Continue readingVast fossil fuel and farming subsidies causing ‘environmental havoc’

China ramps up coal power while pushing for renewables

Already, the Beijing office of Greenpeace is sounding the alarm. In the first three months of 2023, provincial governments in China approved more new coal-fired electricity generation than they…Continue readingChina ramps up coal power while pushing for renewables

Shell drops target to cut oil production as CEO aims for higher profits

Shell has abandoned plans to cut oil production each year for the rest of the decade, in a shift in approach to firmly target fossil fuels and increase payouts…Continue readingShell drops target to cut oil production as CEO aims for higher profits

‘Absolute scandal’: UAE state oil firm able to read COP28 climate summit emails

The United Arab Emirates’ state oil company has been able to read emails to and from the COP28 climate summit office and was consulted on how to respond to…Continue reading‘Absolute scandal’: UAE state oil firm able to read COP28 climate summit emails

UK firm given £430m green transition loan then expanded oil and gas business

After receiving the £430m loan, Wood grew its upstream oil and gas business by 17% so that it accounted for more than $3bn (£2.4bn) in revenue in 2022, up…Continue readingUK firm given £430m green transition loan then expanded oil and gas business

UK government under fire for investing overseas aid in fossil fuel firms

The UK government is under attack for investing taxpayers’ money in fossil fuel companies, a hospital in Kenya accused of imprisoning patients who couldn’t pay for treatment, and a…Continue readingUK government under fire for investing overseas aid in fossil fuel firms

Will fossil fuel phase-out make it onto the UN’s climate agenda?

United Nations climate chief says while the rapid end of burning coal, oil, and natural gas is urgently needed, the topic may not even reach crucial COP28 negotiations.Continue readingWill fossil fuel phase-out make it onto the UN’s climate agenda?

Iraq’s oil boom blamed for worsening water crisis in drought-hit south

To help extract oil, companies pump large quantities of water into the ground. For each barrel of oil, many of which are later exported to Europe, up to three…Continue readingIraq’s oil boom blamed for worsening water crisis in drought-hit south

Petrobras starts production of FPSO Almirante Barroso in Búzios field

With a daily production capacity of up to 150,000 barrels of oil and six million m3 of gas, FPSO (Floating Production Storage and Offloading) Almirante Barroso is located 180km…Continue readingPetrobras starts production of FPSO Almirante Barroso in Búzios field

Humanity still investing in fossil fuels

About USD 2.8 trillion is set to be invested in energy globally in 2023, USD 1.7 trillion of which will go to clean technologies. The remaining roughly USD 1…Continue readingHumanity still investing in fossil fuels

TotalEnergies renews offshore Nigerian block OML130 for 20 years

French oil and gas major TotalEnergies has announced a 20-year renewal of the production license of the offshore Nigerian block OML130 in the Gulf of Guinea. In December 2018,…Continue readingTotalEnergies renews offshore Nigerian block OML130 for 20 years

G7 disappoints on climate progress without deadlines on gas and coal use

Climate experts criticised the G7 group of advanced economies for failing to commit to tougher action on fossil fuels after Germany and Japan prevailed on the continued use of…Continue readingG7 disappoints on climate progress without deadlines on gas and coal use

South Australia tells gas industry the state is ‘at your disposal’

South Australia’s minister for energy and mining has told a conference of the oil and gas industry in Adelaide that his state government is “at your disposal”.Continue readingSouth Australia tells gas industry the state is ‘at your disposal’

The EPA tightens pollution standards for power plants, with a big loophole for coal and gas

The proposed mandate requires existing power plants to start limiting their carbon dioxide emissions in 2030, introducing restrictions that would become more stringent over time. Any new gas power…Continue readingThe EPA tightens pollution standards for power plants, with a big loophole for coal and gas

Equinor awards contracts for $9bn BM-C-33 gas and condensate project

Equinor and its partners have awarded two contracts for the $9bn BM-C-33 gas and condensate project in the Campos Basin, Brazil to TechnipFMC and MODEC. Equinor holds a 35%…Continue readingEquinor awards contracts for $9bn BM-C-33 gas and condensate project

Another big Alaska fossil fuel project gets Biden team’s blessing

Two years ago, a multibillion-dollar natural gas export project planned for Alaska appeared all but dead, the victim of tough economics and Donald Trump’s trade wars. But now it’s…Continue readingAnother big Alaska fossil fuel project gets Biden team’s blessing

Neptune Energy and partners begin production from Fenja oil and gas field

Oil from the Fenja field is transported through a 36km long electrically trace-heated (ETH) pipe-in-pipe solution to the Njord A platform for processing and subsequently for transport.Continue readingNeptune Energy and partners begin production from Fenja oil and gas field

Eni lays foundation stone of 3MTPA Congo LNG project

Italian energy company Eni has launched the Congo LNG project, which will be the first natural gas liquefaction project in the Republic of the Congo. The midstream project, which…Continue readingEni lays foundation stone of 3MTPA Congo LNG project

Royal Bank of Canada becomes top financier for fossil fuel industry

An annual report on fossil fuel financing by a coalition of campaign groups organised by the Rainforest Action Network found that RBC extended $42.1bn in funding to fossil fuel…Continue readingRoyal Bank of Canada becomes top financier for fossil fuel industry

BP commits to Gulf of Mexico as $9bn platform comes online

Starlee Sykes, head of BP’s Gulf of Mexico business, told the Financial Times in an interview that the company had responded to Biden’s call and planned to continue exploration…Continue readingBP commits to Gulf of Mexico as $9bn platform comes online

Parkmead starts production from new Dutch gas discovery

The LDS-01 structure was successfully drilled around the end of 2022. The well has been tied into the neighbouring commercial gas production infrastructure in just a few weeks, demonstrating…Continue readingParkmead starts production from new Dutch gas discovery

TotalEnergies, Iraq reach agreement on $10bn Gas Growth Integrated Project

TotalEnergies and the Iraqi government have reached an agreement on the $10bn Gas Growth Integrated Project (GGIP) in Iraq with an aim to monetise and develop the country’s natural…Continue readingTotalEnergies, Iraq reach agreement on $10bn Gas Growth Integrated Project

Newfoundland and Labrador proceeds with phase II review of current offshore oil and gas interests

“As we look to the province’s future, it is reasonable to look at the assets of the province and determine their potential. That is why we have decided to…Continue readingNewfoundland and Labrador proceeds with phase II review of current offshore oil and gas interests

JGC, Hyundai win downstream FEED contract for Papua LNG project

The Papua LNG project will have an LNG liquefaction capacity of around four million tons per year (Mtpa). It will be built near the existing processing facilities of the…Continue readingJGC, Hyundai win downstream FEED contract for Papua LNG project

Sempra launches Port Arthur LNG project

Sempra announced that it reached a positive final investment decision (FID) for the development, construction and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas.…Continue readingSempra launches Port Arthur LNG project

Nato and EU chiefs mount show of strength at North Sea gas platform

Continue readingNato and EU chiefs mount show of strength at North Sea gas platform

US set to become world’s largest LNG exporter

Continue readingUS set to become world’s largest LNG exporter

US approves contentious oil drilling project in Alaska

Continue readingUS approves contentious oil drilling project in Alaska

TotalEnergies and partners launch FEED for Papua LNG project in PNG

The project partners have decided to move ahead with a concept that calls for the installation of four electrical liquefaction trains with a combined capacity of four million tons…Continue readingTotalEnergies and partners launch FEED for Papua LNG project in PNG

Ex-Shell chief Ben van Beurden’s pay jumped to £9.7mn last year

Rise of 53% came as oil group’s profits hit record $40bn in tumultuous year for energy markets. It brings van Beurden’s total compensation from Shell since becoming chief executive…Continue readingEx-Shell chief Ben van Beurden’s pay jumped to £9.7mn last year

Carbon dioxide emissions reached a record high in 2022

Communities around the world emitted more carbon dioxide in 2022 than in any other year on records dating to 1900, a result of air travel rebounding from the pandemic…Continue readingCarbon dioxide emissions reached a record high in 2022

Faster, higher, hotter: What we learned about the climate system in 2022: Part 3

Risks are cascading and underestimated, new climate extremes recorded, and the conclusion.Continue readingFaster, higher, hotter: What we learned about the climate system in 2022: Part 3

Faster, higher, hotter: What we learned about the climate system in 2022: Part 2

2°C degrees is not a point of system stability, we are heading towards 3°C or more, and system-level change and tipping points are happening faster than forecast.Continue readingFaster, higher, hotter: What we learned about the climate system in 2022: Part 2

Faster, higher, hotter: What we learned about the climate system in 2022: Part 1

Record emissions, the 1.5°C target, what about overshooting 1.5°C and cooling back to that level by 2100?, and the likelihood of achieving the 2°C target.Continue readingFaster, higher, hotter: What we learned about the climate system in 2022: Part 1

Equinor makes oil and gas discovery near Troll field in Norwegian North Sea

Preliminary estimates indicate that the discovery holds 17-47 million barrels of recoverable oil equivalent, with the majority being oil.Continue readingEquinor makes oil and gas discovery near Troll field in Norwegian North Sea

Shell profits more than double to record $40bn

“Shell can’t claim to be in transition as long as investments in fossil fuels dwarf investments in renewables,” said Mark van Baal, founder of Follow This, an activist shareholder…Continue readingShell profits more than double to record $40bn

BP slows oil and gas retreat after record $28bn profit

CEO, Looney, said BP would spend $8bn more on its “transition” businesses — biofuels, convenience, charging, renewables and hydrogen — between now and 2030 than previously planned, and $8bn…Continue readingBP slows oil and gas retreat after record $28bn profit

Equinor makes record $75bn profit during energy crisis

Continue readingEquinor makes record $75bn profit during energy crisis

ONGC invest $3.5bn to keep up production

Oil and Natural Gas Corporation Limited (ONGC, owned by the Ministry of Petroleum and Natural Gas, Government of India) is in talks with global oil majors to infuse state…Continue readingONGC invest $3.5bn to keep up production

ExxonMobil posts record $56bn profit

Results show scale of windfall from high oil prices following invasion of Ukraine.Continue readingExxonMobil posts record $56bn profit

US jobs boom in the ‘busiest spot in the busiest oilfield’

Crude production from the Permian Basin has soared to a record high.Continue readingUS jobs boom in the ‘busiest spot in the busiest oilfield’

Norway’s $1.3tn oil fund bounces back after worst year since 2008

Sovereign wealth fund has gained 5% so far this year but chief executive warns of ‘uncertain’ 2023.Continue readingNorway’s $1.3tn oil fund bounces back after worst year since 2008

Italy’s Eni signs $8bn gas deal with Libya amid energy crunch

The energy agreement, signed during Italian PM Meloni’s visit to Tripoli, seeks to boost Libya’s gas output through new offshore gas fields.Continue readingItaly’s Eni signs $8bn gas deal with Libya amid energy crunch

Neptune Energy commences drilling at Adorf gas development

“The Adorf field is already an important contributor to domestic energy supplies in Germany, providing enough gas to heat more than 100,000 households.”Continue readingNeptune Energy commences drilling at Adorf gas development

Saipem wins $900m worth contracts from Total Energies and Equinor

The first contract from Total Energies pertains to the LAPA SW development project in in the Santos Basin in Brazil, while the second contract from Equinor is for the…Continue readingSaipem wins $900m worth contracts from Total Energies and Equinor

TotalEnergies is rolling out its integrated gas strategy

In line with its growth strategy in gas and LNG, a fuel contributing to the energy transition, TotalEnergies announces the start of gas production from onshore Block 10 in…Continue readingTotalEnergies is rolling out its integrated gas strategy

Banks still investing heavily in fossil fuels despite net zero pledges – study

Financial institutions signed up to GFANZ initiative accused of acting as ‘climate arsonists’.Continue readingBanks still investing heavily in fossil fuels despite net zero pledges – study

Norway offers 47 new offshore production licences to 25 oil companies

“New gas volumes will be key to enabling the development of new value chains for hydrogen for Europe.”Continue readingNorway offers 47 new offshore production licences to 25 oil companies

Exxon and Chevron share $100bn in profit after surge in oil prices

Exxon was expected to record more than $56bn in profits in 2022 and Chevron is set to top $37bn, record highs for both companies, according to Wall Street estimates…Continue readingExxon and Chevron share $100bn in profit after surge in oil prices

Oil and gas stocks shine in miserable year for US equities

Continue readingOil and gas stocks shine in miserable year for US equities

Fossil fuel interests revealed to have sponsored more than 500 Australian community organisations

Woodside Energy, Santos and BHP among companies who have sponsorship deals with Australian arts, sport, education and community organisationsContinue readingFossil fuel interests revealed to have sponsored more than 500 Australian community organisations

Petrobras announces start of P-71 production

From Petrobras’ own platform portfolio, the P-71 is an FPSO (floating unit for the production, storage, and transfer of oil and gas) type with capacity to process up to…Continue readingPetrobras announces start of P-71 production

Equinor begins production from Johan Sverdrup Phase 2 project

The phase II of Johan Sverdrup project entails an investment of NOK48bn ($4.8bn) and includes a new platform, five new subsea systems, 28 new wells, a new module for…Continue readingEquinor begins production from Johan Sverdrup Phase 2 project

Global carbon emissions at record levels with no signs of shrinking

The analysis, by the Global Carbon Project, calculates Earth’s “carbon budget“, which is how much CO₂ humans have released, and how much has been removed from the atmosphere by…Continue readingGlobal carbon emissions at record levels with no signs of shrinking

QatarEnergy, ConocoPhillips sign LNG deal for Germany

QatarEnergy and ConocoPhillips have signed two sales and purchase agreements to export liquefied natural gas (LNG) to Germany for at least 15 years starting 2026 – the first such…Continue readingQatarEnergy, ConocoPhillips sign LNG deal for Germany

Equinor submits PDO for $1.5 billion Irpa gas project in Norwegian Sea

Equinor has submitted a plan for development and operation (PDO) for the NOK 14.8 billion ($1.46 billion) Irpa gas project in the Norwegian Sea to the Norwegian Petroleum and…Continue readingEquinor submits PDO for $1.5 billion Irpa gas project in Norwegian Sea

NFE, Pemex partner for Lakach offshore gas field development

US-based New Fortress Energy (NFE) has partnered with Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) to develop and operate an integrated upstream and natural gas liquefaction project off the…Continue readingNFE, Pemex partner for Lakach offshore gas field development