By the middle of the century, global emissions from plastic production could triple, an analysis has found. The stunning new estimates from Lawrence Berkeley National Laboratory, published on Wednesday,…Continue readingPlastic-production emissions could triple
Tag: oil
BP has started production of oil from the new $6bn Azeri Central East (ACE) platform on the Azeri-Chirag-Gunashli (ACG) field in the Azerbaijan part of the Caspian Sea. Azeri…Continue readingBP starts oil production from $6bn ACE project in Caspian Sea
The Whiptail project, which will use a Floating Production Storage and Offloading (FPSO) vessel, will entail an investment of around $12.7bn. It would include up to ten drill centres…Continue readingExxonMobil decides to proceed with Whiptail development offshore Guyana
Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current energy transition strategy as a misguided failure. “In the…Continue readingSaudi Aramco CEO calls energy transition strategy a failure
The data supplied to the UNFCCC, and published on its website, are typically out of date, inconsistent, and incomplete. For most countries, “I would not put much value, if…Continue readingNations Are Undercounting Emissions, Putting UN Goals at Risk
Big Oil used an industry conference this week to argue against a rapid transition to green energy, as fossil fuel companies are emboldened by high demand and record profits…Continue readingOil executives talk down rapid shift to green energy as profits boom
Climate activists in four countries are blocking access to North Sea oil infrastructure as part of a coordinated pan-European civil disobedience protest. Blockades have been taking place at oil…Continue readingClimate activists across Europe block access to North Sea oil infrastructure
The Norwegian energy firm Equinor might be better known for its oil and gas holdings but, as of August, it now operates the world’s largest floating offshore wind farm,…Continue readingMoving away from fossil fuels is easier said than done
Geologists on an international subcommission recently voted down a proposal to formally recognize that we have entered the Anthropocene, a new geological epoch representing the time when massive, unrelenting…Continue readingViewpoint: What the Anthropocene’s critics overlook, and why it really should be a new geological epoch
Planet-heating methane released by the fossil fuel industry rose to near record highs in 2023 despite technology available to curb this pollution at virtually no cost, the International Energy…Continue readingMethane emissions from energy sector rose in 2023: IEA
Vietnamese capital Hanoi was blanketed by a thick haze of pollution on Tuesday that obscured high-rise buildings and left the city’s nearly nine million people breathing toxic air. The…Continue readingHanoi chokes as Vietnam capital tops most polluted cities list
The world is off track to meet its climate goals and the public is to blame, Darren Woods, chief executive of oil giant ExxonMobil, has claimed. As the world’s…Continue readingFury after Exxon chief says public to blame for climate failures
Profits for the biggest US oil and gas producers have almost tripled under President Joe Biden, even as the industry berates his administration’s “hostile” policies and warns that a…Continue readingOil and gas profits triple under Joe Biden even as industry decries him
Shell has commenced production at Rydberg, a subsea tie-back to the Appomattox production hub in the Gulf of Mexico. Rydberg is a conventional oil development located in ultra-deepwater in…Continue readingShell begins production from Rydberg project in US Gulf of Mexico
The problem of the ever-growing demand for power must be addressed if the world is not to risk descending into “energy turmoil” as it transitions towards clean energy, according…Continue reading‘Energy turmoil’ looms unless demand is checked, says Cop28 president
Oxford university has come under heavy criticism after its £6bn endowment fund increased its investment in fossil fuels just a few years after making a landmark commitment to divestment. About £1…Continue readingOxford under fire for increasing fossil fuel investments
TotalEnergies and its partners in Nigeria have commenced production from the Akpo West field in the Gulf of Guinea. Akpo West, which is located 135km off the coast, is…Continue readingTotalEnergies begins production from Akpo West field offshore Nigeria
BP’s new boss Murray Auchincloss set out plans to win over shareholders on Tuesday as he pledged to turn the oil major into a “higher value company” even as…Continue readingBP targets boost for returns as it delivers second biggest profit in a decade
Exxon posted full-year net income of $36bn, down from $55.7bn the previous year, but otherwise its biggest profit since 2012. Chevron’s net income of $21.4bn was down from $35.5bn…Continue readingExxonMobil and Chevron notch second-biggest annual profits in decade
Shell, Equinor, bp, Total and NEO are among the 17 separate companies which have been offered a total of 24 licences in the second tranche of the 33rd oil…Continue reading24 licences offered in second tranche of 33rd oil and gas licensing round
QatarEnergy has awarded four main engineering, procurement, construction, and installation (EPCI) contract packages, collectively valued at over $6bn, for the next development phase of the Al-Shaheen field located offshore…Continue readingQatarEnergy awards $6bn worth contracts for further development of Al-Shaheen field
Norway’s annual exploration round, which is known as APA, focuses on the most mature regions of the Norwegian continental shelf (NCS). The Norwegian Ministry of Energy has awarded ownership…Continue readingNorway awards 62 production licenses in APA 2023 licensing round
Petrobras and its partners have started production from the second phase of development of the Mero field (Mero-2 project) located on the Libra block in the pre-salt area of…Continue readingPetrobras and partners begin production from Mero-2 project offshore Brazil
The president of the COP28 climate summit will continue with his oil company’s record investment in oil and gas production, despite coordinating a global deal to “transition away” from fossil fuels.…Continue readingCOP28 president says his firm will keep investing in oil
A climate activist has been jailed for six months after pleading guilty to taking part in a peaceful slow march protest on a London road. The sentence handed to…Continue readingJust Stop Oil activist jailed for six months for taking part in slow march
The failure of COP28 to call for a phase-out of fossil fuels is “devastating” and “dangerous” given the urgent need for action to tackle the climate crisis, scientists have said. One…Continue readingFailure of Cop28 on fossil fuel phase-out is ‘devastating’, say scientists
Climate agreement may fail to result in falls in oil and gas production. The world’s largest oil producers have saluted the COP28 agreement’s focus on an “orderly” move away…Continue readingBig oil welcomes COP28 call to move away from fossil fuels in ‘orderly’ way
Australia passed breakthrough climate laws in March this year, 10 months after a new centre-left Labor government under Prime Minister Anthony Albanese took office. Even as the Albanese government…Continue readingAustralia is preparing to burn – more fossil fuels
Nearly 200 nations meeting in Dubai on Wednesday approved a first-ever call for the world to transition away from fossil fuels. The biggest-ever COP meeting hosted more than 88,000…Continue readingDubai summit adopts world-first ‘transition’ from fossil fuels
Norway has secured a parliamentary majority for its plans to open up for deep-sea mining despite opposition from environmentalists and the fishing industry, who warn the move risks further…Continue readingNorway’s parliament backs deep-sea mining plans
Saudi Arabia is driving a huge global investment plan to create demand for its oil and gas in developing countries, an undercover investigation has revealed. Critics said the plan…Continue readingRevealed: Saudi Arabia’s grand plan to ‘hook’ poor countries on oil
Saudi Arabia’s energy minister has slammed the door shut to agreeing to phase down fossil fuels at the UN’s COP28 climate talks, setting the stage for difficult negotiations in…Continue readingSaudi Arabia says ‘absolutely not’ to oil phase down at COP28
The world is on track to have burned more coal, oil and gas in 2023 than it did in 2022, according to a report by the Global Carbon Project,…Continue readingGlobal carbon emissions from fossil fuels to hit record high
The president of COP28, Sultan Al Jaber, has claimed there is “no science” indicating that a phase-out of fossil fuels is needed to restrict global heating to 1.5˚C, the…Continue readingCOP28 president says there is ‘no science’ behind demands for phase-out of fossil fuels
More than 400 oil and gas projects were approved globally in the last two years despite calls to abandon all new hydrocarbon development, new figures showed as the UN…Continue readingHundreds of new oil and gas projects approved despite climate crisis
Fine particulate matter, or PM2.5, is a term for fine particulates that are typically the by-product of car exhausts or coal-fired power plants. Their tiny size enables them to…Continue readingAir pollution behind over 250,000 deaths in Europe in 2021: agency
The UK government presented the Offshore Petroleum Licensing Bill to Parliament with the aim of enhancing the country’s economy, ensuring energy security, and facilitating the transition to a net-zero…Continue readingUK Government tables Offshore Petroleum Licensing Bill in parliament
The world’s fossil fuel producers are planning expansions that would blow the planet’s carbon budget twice over, a UN report has found. Experts called the plans “insanity” which “throw…Continue reading‘Insanity’: petrostates planning huge expansion of fossil fuels
British oil and gas company BP, together with its partners Neptune Energy and JAPEX, has started production from the Seagull oil and gas field in the UK North Sea.…Continue readingBP, Neptune, JAPEX start production from Seagull field in UK North Sea
Saudi Aramco’s net profits surpassed analyst expectations as it revealed the impact of deeper production cuts this summer after the kingdom moved to prop up the oil price. The…Continue readingSaudi Aramco profits exceed expectations on back of buoyed oil price
ExxonMobil has signed an all-stock deal worth $59.5bn to acquire Pioneer Natural Resources, an American publicly listed company focused on upstream operations in the Permian shale basin. The merger…Continue readingExxonMobil signs $60bn all-stock deal to acquire Pioneer Natural Resources
Chevron has agreed to acquire rival American publicly listed oil and gas company Hess in an all-stock deal worth $53bn in a move to upgrade and diversify its portfolio.…Continue readingChevron signs $53bn all-stock deal to acquire rival oil and gas firm Hess
Seatrium Limited announced the successful delivery of the Floating Production Unit (FPU), Whale, for deployment in the Gulf of Mexico, in accordance with the contract secured in November 2019…Continue readingSeatrium delivers floating production unit for Gulf of Mexico project
ExxonMobil is buying itsoil and gas rival Pioneer Natural Resources in a $59.5 billion megadeal. The latest ExxonMobil deal creates a shale-drilling behemoth in the U.S. Permian Basin, where…Continue readingExxonMobil doubles down on fossil fuels with $59.5 billion Pioneer deal
There is “no contradiction” between Brazil’s plans to step up oil and gas exploration, including in waters off the Amazon rainforest, and its aspiration to lead the world’s transition…Continue readingBrazil minister says oil and green ambitions are not contradictory
Australian oil and gas company Woodside Energy announced that its Shenzi North project has commenced production in the deepwater US Gulf of Mexico. Discovered in 2002, the Shenzi platform…Continue readingWoodside announces start of production at Shenzi North project
Urgewald, a campaign group that tracks global fossil fuel finance, found that the World Bank supplied about $3.7bn (£2.95bn) in trade finance in 2022 that was likely to have…Continue readingWorld Bank spent billions of dollars backing fossil fuels in 2022
The Baleine field will see a multi-phase development to exploit the estimated 2.5 billion barrels of oil and 3.3 trillion cubic feet of associated gas in place.Continue readingEni starts production from Baleine oil and gas field in Côte d’Ivoire
The intent of the project is to boost production by 26 million barrels of oil equivalents from the satellite field of the Statfjord oil and gas field. The oil…Continue readingEquinor begins production from Statfjord Øst expansion project in North Sea
U.S. oil production — already the highest in the world — is on track to set a new record this year, and will probably rise even more in 2024.…Continue readingThe U.S. is pumping oil faster than ever. Republicans don’t care.
Fossil fuels benefited from record subsidies of $13 million (£10.3m) a minute in 2022, according to the International Monetary Fund, despite being the primary cause of the climate crisis.…Continue readingFossil fuels being subsidised at rate of $13m a minute
Demand reached an all-time high of 103mn barrels a day in June driven by better than expected economic growth in OECD countries, strong summer air travel and surging oil…Continue readingGlobal oil demand hits record and may move higher, says International Energy Agency
Natural gas from the world’s second-largest shale gas reserve in Patagonia will reach Buenos Aires in the coming weeks through a new pipeline, marking a milestone in Argentina’s push…Continue readingArgentina hits milestone on path to gas export bonanza
Grant Shapps, energy minister, has insisted that the government will “max out” the UK’s remaining reserves of North Sea oil and gas, arguing this is compatible with Britain’s pledge…Continue readingGrant Shapps vows to ‘max out’ UK’s North Sea oil and gas reserves
Carbon emissions from China are growing faster now than before COVID-19 struck, data show, dashing hopes the pandemic may have put the world’s most polluting nation on a new…Continue readingChina is pumping out carbon emissions as if COVID never happened. That’s bad news for the climate crisis
Norway’s government gave the green light to 19 oil and gas projects worth more than 200 billion kroner ($18.6 billion). The 19 projects involve the opening of new fields,…Continue readingNorway approves fossil fuel projects
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
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’
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 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