In a groundbreaking case, Greenpeace Italy and ReCommon are suing Eni, alleging its contribution to global warming, amidst revelations of the company’s ties to climate deniers.
Investigation into Eni’s projects in Kenya and the Republic of the Congo shows company is failing to produce “miracle” drought-resistant biofuels crops at scale.
The Cop28 UN climate summit in December secured agreement from almost 200 nations to “transition away from fossil fuels in energy systems in a just, orderly and equitable manner” – a decision hailed by world leaders as “historic”.
Oil prices fell on Monday, extending losses on market views that higher than expected inflation could delay cuts to high interest rates that have been capping growth in global fuel demand.
Shell Offshore Inc, a subsidiary of the UK-headquartered energy giant Shell, has initiated production from a deepwater oil project situated in the U.S. Gulf of Mexico (GOM). This project involves a subsea tie-back to Shell’s operated Appomattox production hub, marking a significant milestone in the company’s efforts to harness offshore oil resources.
Serica Energy PLC and Jersey Oil & Gas PLC on Monday said they have completed the Greater Buchan Area farm-out agreement.
The Wind Forecast Improvement Project 3 (WFIP3) is venturing into offshore wind energy exploration off the New England coast. The project seeks to address the complexities of forecasting offshore winds.
He said Ghana’s fuel specifications, which are set at a sulphur content of 50 parts per million (ppm) in fuel was the cleanest in the West African sub-region.
Iraq’s Oil Minister, Hayan Abdel Ghani, voiced his disappointment with ExxonMobil’s intention to withdraw from the West Qurna 1 oilfield in Iraq at the beginning of 2024. Instead, the Ministry of Oil claims that ExxonMobil plans to focus on potential investment opportunities in African nations.
Libya’s Petroleum Facilities Guards (PFG) threatened on Sunday to close all oil and gas facilities in the country’s western region after the end of a 10-day deadline to authorities to meet their demands, including a 67% salary rise.