Oil and Gas
Saudi Aramco says climate lawsuits ‘could result in substantial costs’
The world’s largest oil producer made more money than Apple and Alphabet combined last year, but the company sees litigation and clean tech as threats
Saudi Aramco dismisses peak oil demand ‘hype’, touts carbon efficiency
Amin H Nasser, head of the world’s largest oil company, expressed fears key stakeholders saw no future for the industry, at a major conference in London
Alberta’s oil production cut shows the Keystone XL protest worked
Widely dismissed as a symbolic victory in 2015, the blocking of a major pipeline project has forced Canada’s oil patch to limit its output, vindicating activists
UK tells fracking industry it won’t relax rules on earth tremors
The Conservative government has long backed shale gas exploration, but denied industry calls to loosen ‘unworkable’ limits on seismic activity
Climate Weekly: Trudeau’s climate pact breaks down
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Pope Francis tells oil chiefs to keep it in the ground
At a conference in the Vatican, the head of the Catholic Church urged heads of Exxon Mobil, Eni and BP to make a faster shift to clean energy
Canada oil pipeline buyout ‘subsidising a market failure’
Nationalisation of Kinder Morgan’s Trans Mountain pipeline breaches a G7 commitment to phase out fossil fuel subsidies, say analysts, ahead of leaders summit
Investors have made oil majors consider safe climate limits. What next?
Even holdout Exxon Mobil has analysed what holding global warming to 2C means for its business. Now the sector needs to invest – or divest – accordingly
Other countries ‘highly unlikely’ to replicate US shale gas boom, says UN report
Fracking transformed US energy production, but Europe and the rest of the world will struggle to repeat the trick, finds global report
EU energy chief flies to Tehran to talk gas supply, as US sanctions loom
As companies withdraw from deals involving Iran, fearing US sanctions, the EU scrambles to preserve growing energy cooperation
Greenpeace appeals Norway Arctic oil drilling case
Campaigners plan to take their bid to block Arctic oil exploration licences to Norway’s supreme court, after a district court dismissed their case
Norwegian campaigners lose court case against Arctic oil drilling
Oslo district court told Greenpeace and co-plaintiffs exploration for new reserves did not violate citizens’ constitutional right to a healthy environment
Libya burns dirty oil for electricity as Islamic State disrupts gas plans
Amid conflict since Muammar Gaddafi was deposed in 2011, gas pipelines have been shelved, leaving two new power plants reliant on burning crude
Norway election could be a turning point for Arctic oil
Could Norway lead the way in a global transition away from oil production? Truls Gulowsen is hopeful, as campaign to ban new Arctic exploration gains traction
Photos reveal Iraq oil fires burning behind ISIS retreat
Satellite images show evidence of the Islamic State’s scorched earth tactics as militants lose territory to Western-backed Iraqi forces
Planned gas investments will blow 1.5C climate target, say analysts
Report by Climate Action Tracker warns that overly bullish gas demand forecasts will lead to stranded assets or an unsafe future climate
Exxon shareholders win ‘historic’ climate vote against board’s advice
Shareholders in world’s largest private oil company won a victory that signals deep unease about climate change amongst major investors
Exxon shareholder rebellion gains momentum ahead of climate vote
Major investors BlackRock and Vanguard could tip the balance and force oil firm to publicly divulge risk clean technology and regulations pose to its business
EU should block Nord Stream 2 on climate grounds
Planned gas pipeline from Russia undermines long-term EU energy security and climate goals, writes Marcin Stoczkiewicz
Indian oil majors prepare for electric vehicle boom
As India aims to go to 100% EVs by 2030, oil producers are considering investment in lithium-ion battery production