World Bank debars German oil and gas contractor for 13 months

The debarment makes Ferrostall Oil & Gas ineligible to participate in projects and operations financed by institutions of the World Bank Group for the stated period

Equinor to sell US Bakken shale assets in $900m deal

The deal covers all of Equinor’s operated and non-operated acreage in the Bakken, located in the states of North Dakota and Montana, which will be sold to Grayson Mill Energy

State oil firms could lose $400bn in energy transition

Nearly $1.9 trillion could still be invested in oil and gas projects in the next decade

Equinor strikes oil and gas near Troll field in the North Sea

Recoverable resources are estimated at between seven and 11 million standard cubic metres of oil equivalent

Royal Dutch Shell reports 21 billion dollar loss

The company’s net debt increased by $1.9 billion in the last three months of the year

Almost 80% of Barclays and HSBC customers ‘unaware’ of their bank’s fossil fuel investments

Almost three million customers would ‘very likely consider’ switching to ethical alternatives, according to a new survey

Biden to set moratorium on new oil and gas leases

The new executive order will end new oil and natural gas leases on public lands or offshore waters

IEA: Almost 70m tonnes of methane emitted by global oil and gas industry in 2020

The amount is equivalent to the total energy-related carbon dioxide emissions of the European Union

US awards $47m to commercialise ‘transformational’ energy technologies

It is supporting ‘high risk and potentially disruptive’ new electric vehicle battery, data centre efficiency, grid modernisation, emissions mitigation and storage technologies

Drones to locate abandoned oil and gas wells in New York

The wells release methane, which is many times more potent than carbon dioxide as a greenhouse gas and is second only to CO2 in its overall contribution to climate change