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Oil giant Shell posts highest-ever annual profit of $40 billion

02.02.2023

Shell said last month that windfall taxes imposed by the European Union and U.K. following the surge in profits would cost the group about $2 billion. Paul Ellis | Afp …

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Energy

More than 13,000 Nigerian residents take Shell to court over oil spills

02.02.2023

Residents fetch water from a well contaminated by oil pollution at Ogale Town, Eleme in southeast Nigeria, on June 13, 2015. Afp Contributor | Afp | Getty Images Over 13,000 …

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Energy

‘Greenwashing’ is a good thing, according to one renewable energy tycoon

02.02.2023

Greenwashing should be seen as a positive sign that companies are moving in the right direction, according to the founder of British energy firm Ecotricity. “It’s everywhere,” Dale Vince told …

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Energy

Biden administration moves toward approval for major Alaska oil drilling project

01.02.2023

Alaskan oil extraction site. Lowell Georgia | Getty Images President Joe Biden’s administration on Wednesday recommended a scaled-down version of a major oil drilling project in the North Slope of …

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Energy

Saudi Aramco backs Brooklyn-based startup turning ammonia into fuel

01.02.2023

In the race to find cleaner fuels, the heavy duty transportation sector is woefully behind because batteries don’t have enough juice to power trucks and ships. Enter ammonia. New technology …

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Energy

Norway’s gigantic sovereign wealth fund loses a record $164 billion, citing ‘very unusual’ year

31.01.2023

Norway’s sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country’s oil and gas sector. Bloomberg | Bloomberg | Getty Images Norway’s sovereign wealth …

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Energy

House Republicans pass bill to limit drawdowns on Strategic Petroleum Reserve

28.01.2023

A maze of crude oil pipe and equipment is seen with the American and Texas flags flying in the background at the Strategic Petroleum Reserve in Freeport, Texas. Richard Carson …

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Energy

Big Oil poised to smash annual profit records — sparking outcry from campaigners and activists

27.01.2023

U.S. President Joe Biden has previously singled out Exxon Mobil for making “more money than God” last year. Brandon Bell | Getty Images Some of the world’s largest oil and …

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Energy

Biden touts job growth and slowing inflation rates in speech on economy

26.01.2023

President Joe Biden cheered the news of higher than expected GDP growth and slammed Republican plans to impose a national sales tax in a speech Thursday at a steamfitters union …

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