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New oil and gas projects are incompatible with a future in which the world stays on track with its climate targets. Needless to say, that has enormous implications for the oil and gas industry. A new report quantifies what that would mean for individual companies. While the impact varies, the …

Apparently, China has been the talk of the town for quite some time. While the entire yesteryear passed in a flurry of blame game over the pandemic, this year has been nothing short of a blessing for Xi’s regime. However, while China rapidly compensated for the drastic slump last year, …

The vast majority of the world’s known fossil fuel reserves must be kept in the ground to have some hope of preventing the worst effects of the climate emergency, according to new research. The peer-reviewed study, published in the scientific journal Nature on Wednesday, found that 90% of coal must …

Marking India’s 75th Independence Day last month, Prime Minister Narendra Modi called for energy independence by 2047, when independent India will celebrate its centenary, and announced a National Hydrogen Mission to make India a hub for green hydrogen production and export. India is not alone in having big ambitions when …

A few years ago, as U.S. shale oil production soared towards 11 and then 12 million bpd, turning the country into the world’s largest oil producer, it was fashionable to start imagining that OPEC was becoming irrelevant. It took a pandemic to refute that argument; and now, OPEC is more …

Governments in long-established oil-rich nations around the world are coming under fire for their decisions over oil and gas versus renewable alternatives. The once-coveted natural resource is now a question of great contention. But how will the oil industry fare over the coming decades as governments strive for green while …

Scientists are surprised, but they see a way to stop the climate bomb. “The amount of methane that escaped from composting digested food waste was sky high, which surprised us,” says Maria Dietrich, one of the researchers behind the study, on Nibio’s own website. Dietrich has studied food waste used …

The Bavenit on the 22nd of August set out from Murmansk with course for remote east Arctic waters. The ship, one of Russia’s most advanced vessels of the kind, is due to drill the first ever wells in the Laptev Sea. According to Rosneft, there has never before been drilled …

Gazprom, apart from limiting gas transit to Europe via its export gas pipelines, is also persistently emptying the European gas storage facilities under its control. This is leading to historically high gas prices on the European market, and is a harbinger of a crisis in the coming heating season. Record …

It was little surprise that Saudi Arabia and the UAE eventually reached a compromise on OPEC production and baselines, despite the high drama at the latest OPEC ministerial. What was surprising, though, was the public nature of the disagreement and the willingness of UAE officials to joust so vigorously with …