BP starts oil production from $6bn ACE project in Caspian Sea

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

ExxonMobil decides to proceed with Whiptail development offshore Guyana

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

Saudi Aramco CEO calls energy transition strategy a failure

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

Nations Are Undercounting Emissions, Putting UN Goals at Risk

The data supplied to the UNFCCC, and published on its website, are typically out of date, inconsistent, and incomplete.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

Oil executives talk down rapid shift to green energy as profits boom

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 across Europe block access to North Sea oil infrastructure

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

Moving away from fossil fuels is easier said than done

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

Viewpoint: What the Anthropocene’s critics overlook, and why it really should be a new geological epoch

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

Methane emissions from energy sector rose in 2023: IEA

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

Hanoi chokes as Vietnam capital tops most polluted cities list

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

Fury after Exxon chief says public to blame for climate failures

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

Oil and gas profits triple under Joe Biden even as industry decries him

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 begins production from Rydberg project in US Gulf of Mexico

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

‘Energy turmoil’ looms unless demand is checked, says Cop28 president

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 under fire for increasing fossil fuel investments

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 begins production from Akpo West field offshore Nigeria

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 targets boost for returns as it delivers second biggest profit in a decade

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

ExxonMobil and Chevron notch second-biggest annual profits in 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

24 licences offered in second tranche of 33rd oil and gas licensing round

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 awards $6bn worth contracts for further development of Al-Shaheen field

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 awards 62 production licenses in APA 2023 licensing round

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 partners begin production from Mero-2 project offshore Brazil

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

COP28 president says his firm will keep investing in oil

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

Just Stop Oil activist jailed for six months for taking part in slow march

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

Failure of Cop28 on fossil fuel phase-out is ‘devastating’, say scientists

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

Big oil welcomes COP28 call to move away from fossil fuels in ‘orderly’ way

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 is preparing to burn – more fossil fuels

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

Dubai summit adopts world-first ‘transition’ from 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’s parliament backs deep-sea mining plans

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

Revealed: Saudi Arabia’s grand plan to ‘hook’ poor countries on oil

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 says ‘absolutely not’ to oil phase down at COP28

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

Global carbon emissions from fossil fuels to hit record high

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

COP28 president says there is ‘no science’ behind demands for phase-out of fossil fuels

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

Hundreds of new oil and gas projects approved despite climate crisis

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

Air pollution behind over 250,000 deaths in Europe in 2021: agency

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

UK Government tables Offshore Petroleum Licensing Bill in parliament

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

‘Insanity’: petrostates planning huge expansion of fossil fuels

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

BP, Neptune, JAPEX start production from Seagull field in UK North Sea

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 profits exceed expectations on back of buoyed oil price

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 signs $60bn all-stock deal to acquire Pioneer Natural Resources

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 signs $53bn all-stock deal to acquire rival oil and gas firm Hess

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 delivers floating production unit for Gulf of Mexico project

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 doubles down on fossil fuels with $59.5 billion Pioneer deal

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

Brazil minister says oil and green ambitions are not contradictory

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

Woodside announces start of production at Shenzi North project

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

World Bank spent billions of dollars backing fossil fuels in 2022

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

Eni starts production from Baleine oil and gas field in Côte d’Ivoire

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

Equinor begins production from Statfjord Øst expansion project in North Sea

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

The U.S. is pumping oil faster than ever. Republicans don’t care.

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 being subsidised at rate of $13m a minute

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

Global oil demand hits record and may move higher, says International Energy Agency

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

Argentina hits milestone on path to gas export bonanza

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 vows to ‘max out’ UK’s North Sea oil and gas reserves

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

China is pumping out carbon emissions as if COVID never happened. That’s bad news for the climate crisis

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 approves fossil fuel projects

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 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

Global plastic treaty talks limp on despite blockade by oil-rich countries

Countries didn’t get around to talking about plastic until the third day out of five, stuck in a prolonged debate over voting rules and points of procedure — led…Continue readingGlobal plastic treaty talks limp on despite blockade by oil-rich countries