OIL

10,863 articles

Record Shell profit on soaring energy prices sparks outrage
Feb 02, 2023 (AFP)
The post-tax figure, fuelled by the invasion of Ukraine by major energy producer Russia, was more than double the amount achieved in 2021, Shell's earnings stat...
Shell logs record 2022 profit on soaring energy prices
Feb 02, 2023 (AFP)
The post-tax figure was more than double the amount achieved in 2021, the group's earnings statement revealed. Revenue rocketed 45 percent to a dizzying $381 bi...
Ukraine lawmaker calls on US to target China, India energy purchases
Feb 01, 2023 (AFP)
On a visit to Washington, Oleksandr Merezhko, who heads the foreign affairs committee in Ukraine's parliament, also called for greater ties with Taiwan, the sel...
Greenpeace activists occupy vessel carrying Shell oil platform
Jan 31, 2023 (AFP)
Four Greenpeace International activists from Argentina, Turkey, the UK and the US boarded the White Marlin vessel just north of the Canary Islands, said the gro...
Fight climate change without slowing growth: UAE's COP28 chief
Jan 30, 2023 (AFP)
Sultan Al Jaber, the UAE' special envoy for climate change and CEO of oil giant ADNOC, said the energy transition needed to make the planet "wealthier and healt...
BP cuts oil demand outlook on Ukraine war
Jan 30, 2023 (AFP)
Its assessment in the group's annual energy outlook, comes as oil and gas majors seek to reinvent themselves as greener companies by investing in renewables. "T...
Former UN chief calls for climate action over 'visions' at COP28
Jan 29, 2023 (AFP)
"Many countries and many people have already presented the visions, so we may not need any more," he told AFP in Dubai on Saturday. "We need a COP of solutions ...
Activists slam appointment of UAE oil boss to lead climate talks
Jan 26, 2023 (AFP)
The UAE named Sultan Al Jaber, chief executive of the Abu Dhabi National Oil Company (ADNOC), to head the crucial COP28 climate meeting in November, sparking an...
Iraqi PM to vist France for energy and security talks
Jan 25, 2023 (AFP)
Sudani, in written answers to AFP, said he wants to "activate the agreements" between oil-rich Iraq and France "particularly in the transport, energy and invest...
UK's Royal Opera House ends 33-year BP funding deal
Jan 25, 2023 (AFP)
The London cultural institution said in a statement to AFP that it was "grateful to BP for their sponsorship over 33 years... but agreed that the partnership wo...
BNP Paribas says to sharply cut oil production financing
Jan 24, 2023 (AFP)
The pledge goes further than its previous 25-percent cut by 2025, even if oil refining and gas extraction are not covered. BNP Paribas had 5.3 billion euros in ...
Thai fishermen sue Chevron subsidiary over oil spill
Jan 24, 2023 (AFP)
More than 60 tonnes of oil was pumped into the Gulf of Thailand last January after an issue with a pipeline operated by Star Petroleum Refining Public Company (...
Uganda issues licence for $3.5 billion oil pipeline
Jan 20, 2023 (AFP)
The licence was granted to the East African Crude Oil Pipeline Company Ltd, which is 62 percent owned by France's oil giant TotalEnergies, following cabinet app...
The black hell of Albania's ageing oil fields
Jan 19, 2023 (AFP)
"We all have health problems," said Milita Vrapi, one of 2,000 villagers who live cheek by jowl with the Balkan nation's largely unregulated oil industry. "The ...
Total slams criticism of oil majors on climate damage as false debate
Jan 19, 2023 (AFP)
Patrick Pouyanne was responding to Guterres's speech Wednesday at the World Economic Forum attacking "certain oil giants" that had, he said, "peddled the big li...
UN chief slams oil firms for 'big lie' on global warming
Jan 18, 2023 (AFP)
"Some in Big Oil peddled the big lie," Guterres told the World Economic Forum in the Swiss Alpine village of Davos, a week after a study said ExxonMobil denied ...
NGOs denounce banks financing new oil and gas projects
Jan 17, 2023 (AFP)
The environmental groups took aim at the Glasgow Financial Alliance for Net Zero (GFANZ), which has emerged as the key climate alliance for finance industry fir...
In Davos, Ecuadoran activist seeks end to fossil fuel addiction
Jan 17, 2023 (AFP)
Gualinga, 20, has become a spokesperson for her Kichwa Sarayuku indigenous community and its struggle against oil companies in the rainforest. This week, she jo...
TotalEnergies 'war crimes complicity' case shelved
Jan 16, 2023 (AFP)
The France-based Darwin Climax Coalition and Ukrainian group Razom We Stand filed the complaint in October, faulting TotalEnergies for a stake in a firm which e...
CityU unravels interfacial interactions of the lead-free perovskite for efficient hydrogen production
Jan 15, 2023 (SPX)
Most importantly, they unveiled the interfacial dynamics of solid-solid (between halide perovskite molecules) and solid-liquid (between a halide perovskite and ...
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