The April oil market crash will test the determination of majors like Shell and BP, which have recently announced goals to reach net-zero emissions by 2050, according to the International Energy Agency (IEA).
In the wake of an escalating global oil industry crisis, drastic global energy law reforms are more needed than ever in order to salvage a viable energy transition, argue Vicente López-Ibor Mayor and Raphael Heffron.
Hydrogen will be a “central element” in the Energy System Integration Strategy that the European Commission will present in June, the EU’s energy chief kadri Simson has said. During an online debate on Tuesday (5 May), Simson flagged the upcoming...
Environmentally-minded investor groups have commended Anglo-Dutch oil and gas major Shell for committing to cut emissions to net-zero by 2050 or even sooner.
More than 80% of the highest-emitting listed companies are failing to deliver emissions reductions aligned to the Paris Agreement's 2C global warming limit, with many of them also failing to account for climate mitigation and risk strategies. EURACTIV'...
Although the oil price war was triggered by the Russia-Saudi fall-out, US shale will be the first casualty, writes Robin Mills. In the process, the US will learn that producing a lot of oil at high prices is not the “energy dominance” it has made a centrepiece of foreign policy, he argues.
BP set one of the oil sector’s most ambitious targets for curbing carbon emissions on Wednesday (12 February) as new chief executive Bernard Looney began the biggest revamp in the company’s 111-year history.
The European Commission is preparing a strategy to curb methane emissions from the oil and gas industry, including fracked LNG imported from the US. But the timing is uncertain because officials are still busy collecting data on which to base...
A sudden break on oil drilling caused by last-minute climate action by regulators could halve the value of new projects being developed today, according to fresh analysis published on Friday (31 January).
Tim Eggar, chairman of the UK's Oil and Gas Authority (OGA), sent shockwaves through the industry on Wednesday (15 January) when he said growing public awareness about climate change was putting the sector's very survival at stake.