Future turns dark for Russia’s oil industry
With short-term turmoil for the Russian oil industry a given at this point, the long-term future of an industry which bankrolls a large portion of the government budget has turned cloudy.
The firm's decision to quit the oil-rich country is the most aggressive move yet by a company in response to Moscow's invasion of Ukraine.
BP gambles big on fast transition from oil to renewables
All oil majors face mounting pressure from regulators and investors worldwide to develop cleaner energy and divest from fossil fuels.
Oil consumption may never return to levels seen before the coronavirus crisis took hold, the company said in a report on Monday.
Oil worker at BP's Alaska facility tests positive for new coronavirus
A worker at BP Plc's operation in Alaska's North Slope has tested positive for the novel coronavirus that has killed more than 42,000 people worldwide, the company confirmed Tuesday. It is the first case at an Alaskan oil installment in the North Slope, where the ...
Leaders of some big EU businesses back green deal ahead of Brussels summit
The European Union's biggest business leaders threw their weight behind a plan to make the bloc climate-neutral, a commitment that could be adopted at a leaders' summit this week. "Europe has the technology and the political will to take the lead in transitioning towards a ...
A crude performance: Semi-naked climate activists protest BP art sponsorship
Visitors to a London portrait gallery were treated to an impromptu performance on Sunday when three semi-naked climate activists were doused with mock crude oil in a protest against arts sponsorship by British oil company BP. The unauthorized stunt at the National Portrait Gallery capped ...
Shell to quit U.S. refining lobby over climate disagreement and will back Paris accord
Royal Dutch Shell on Tuesday became the first major oil and gas company to announce plans to leave a leading U.S. refining lobby due to disagreement on climate policies. In its first review of its association with 19 key industry groups, the company said it ...
Protesters tried to interrupt the biggest U.S. energy conference, holding signs and using a microphone to shout "Climate Change is Genocide." It's the first time in recent memory that environmental activists have made their presence felt at the CERAWeek by IHS Markit conference in Houston, ...
Caving to investor pressure, Shell will set sector-leading emissions targets
Royal Dutch Shell caved in to growing investor pressure over climate change on Monday, setting out plans to introduce industry-leading carbon emissions targets linked to executive pay. Rivals BP and Total have already set short-term targets on reducing carbon dioxide emissions, but these are limited ...
Hope fades for Gulf oystermen five years after BP oil spill disaster
Five years after the largest oil spill in U.S. history spewed millions of gallons of crude into the Gulf of Mexico, many Louisiana oystermen are fearful that a once-bountiful population of the mollusks may never recover. "My kids are losing hope," said Wilbert Collins, 77, ...
