Royal Dutch Shell on Thursday announced plans to deepen its greenhouse gas emissions reduction “ambitions”, including offsetting emissions from oil and gas production by 2050. Shell also expanded its broader aim to cut the total carbon emission footprint from energy products its sells by around 65% by 2050, and by …
Read More »Big Oil Needs to Invest in Wind and Solar
Before the coronavirus pandemic, Big Oil was under significant pressure to speed up their transitions to cleaner forms of energy — from politicians, financiers and climate activists alike. This pressure may have receded from view amid Covid-19 lock downs and massive slumps in oil prices, but there is no reason …
Read More »Shell Lowers 2020 Capex
British oil major Shell joined other companies in the sector in lowering capital expenditure for the current year by about $5 billion and suspended the next tranche of its share buyback plan to weather a hit from the recent oil price crash. The company said it would reduce 2020 cash …
Read More »Oil Major Expects Oil Production will Peak In 2025
Eni’s plan today includes upstream production growth at an annual rate of 3.5 percent up to 2025.
Read More »The Most Ambitious Climate Pledges from Big Oil are Still Weak
Natural gas is like the e-cigarette of fossil fuels.
Read More »BP. Eni. Equinor. Shell and Total Join Forces to Store Emissions Under the North Sea
The Net Zero Teesside project aims to decarbonise local industry by building a transportation and storage system to gather industrial carbon dioxide. compress it and store it safely in reservoirs under the sea.
Read More »Eni Targets Oil Output Peak in Clean Energy Drive
Eni is aiming to cut its greenhouse gas emissions by 80% by 2050 in absolute terms.
Read More »BP`s Net Carbon Goals Achievable
In 2018. BP invested over $10 billion to buy BHP Billiton'.s US shale business.
Read More »Shell Starts Gas Exploration in Oman
Shell. along with energy giant Total. have signed agreements with the Omani government to monetize gas resources in the Greater Barik area.
Read More »Chevron Reports Lowest Reserve-Replacement Ratio since 2010
Chevron’s future growth prospects may be dimming after the oil explorer pumped more crude than it discovered or bought last year. eroding its portfolio of untapped fields.
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