UK court rules in favour of Shell in Nigerian oil spill case | Oil and Gas News
The case is one of a series of legal battles Shell has been fighting in London courts against residents of Nigeria’s oil-producing Niger Delta. The…
World not ready to ‘switch off’ fossil fuels, UAE says | Climate Crisis News
Deep divisions exist among nations over how to combat the growing peril of global warming ahead of UN negotiations, known as COP28, to be held…
Why did Iran seize a US-bound oil tanker in the Gulf of Oman? | Oil and Gas News
Neither side has acknowledged whether Iran’s capture of the Turkish-operated fuel tanker was a tit-for-tat move. Tehran, Iran – Iran and the United States have…
A scramble for Africa’s gas and critical minerals. Who wins? | Business and Economy
Video Duration 25 minutes 55 seconds 25:55 Europe is turning to Africa’s gas, while the US, China and Russia are racing for economic influence on…
Nigeria’s NNPC, Norway’s Golar sign MoU on floating gas plant | Oil and Gas News
Africa’s biggest oil producer holds some of the world’s biggest gas reserves and is seeking investment to boost its domestic supplies and exports. Nigeria’s state…
Mozambique okays resumption of $20bn Cabo Delgado gas project | Oil and Gas News
The project, in which TotalEnergies owns an operating stake of 26.5%, was halted in 2021 due to mounting insecurity. Mozambique President Filipe Nyusi has said…
India and China snap up Russian oil in April above ‘price cap’ | Russia-Ukraine war News
Russia is enjoying stronger revenues via sale of oil despite the West’s attempts to curb funds for its war in Ukraine. India and China have…
US wholesale inflation pressures eased sharply last month | Business and Economy News
Plunging energy prices pulled down the government’s producer price index which reflects prices charged by manufacturers. US wholesale prices fell in March, a sign that…
Will the OPEC+ oil output cut make inflation worse? | OPEC
In a surprise move, OPEC+ slashes oil production by 1.6 million barrels a day starting in May. The Saudi-led oil producing group OPEC+ has signalled…
Iraq’s gov’t signs deal with KRG to resume oil exports | Oil and Gas News
A longtime dispute between two sides has been temporarily resolved, and oil exports via Turkey will resume, officials say. The central government of Iraq has…
Oil prices surge after OPEC’s surprise output cuts | Energy
Price jump comes after news oil producers will slash output by about 1.16 million barrels per day. Oil prices have surged after Saudi Arabia and…
OPEC+ oil alliance announces surprise production cuts from May | Oil and Gas News
Gulf oil giants lead coordinated cut in production, calling it a ‘precautionary measure’ aimed at market stability. Saudi Arabia and other OPEC+ oil producers have…
Iraq, KRG reach deal to resume oil exports: Kurdish official | Kurds News
Turkey had stopped extracting oil from the Kurdish region to its Ceyhan port after Iraq won an arbitration case. Iraq’s federal government and the Kurdistan…
Biden administration unveils two new national monuments in the US | Environment News
United States President Joe Biden has designated two new national monuments on Tuesday, protecting nearly 200,000 hectares (500,000 acres) of wilderness in the states of…
Greta Thunberg, climate activists greenlighted to sue Sweden | Climate Crisis News
Sweden needs to cut emissions by at least 6.5 to 9.4 million tonnes of CO2 per year starting from 2019, lawsuit says. A Swedish court…
Venezuela’s powerful oil tsar resigns amid corruption inquiry | Corruption News
Petroleum Minister Tareck El Aissami announces his resignation on Twitter, saying he will cooperate with gov’t investigation. Venezuela’s powerful petroleum minister has announced his resignation…
‘Point of no return’: UN report to provide stark climate warning | Climate Crisis News
New synthesis report will play a pivotal role when governments gather in Dubai in December for the UN climate summit. A major new United Nations…
US lawsuit filed to stop Willow oil drilling project in Alaska | Climate Crisis News
The Alaska venture will add 239 million metric tons of carbon emissions to the atmosphere over the next 30 years as the Biden administration U-turns…
Controversial Willow oil project in Alaska: Here’s what to know | Explainer News
The US government approved a major oil project in Alaska that supporters say represents an economic lifeline for Indigenous communities but environmentalists say is a…
US approves contentious oil drilling project in Alaska | Oil and Gas News
Biden administration’s approval of Willow project in northwestern US state draws condemnation from environmental groups. The United States has approved a contentious oil-and-gas drilling project…