Oil deals at climate talks? UAE’s COP28 plans leaked

Leaked documents reveal that the UAE planned to utilise its role as the host of COP28 to engage in oil and gas deals with at least 15 nations

OPEC+ decision will drive energy prices up, say analysts

The organisation has announced it will cut oil output by two million barrels a day

‘Thousands of litres of diesel’ spilled near Galapagos Islands

A ship carrying 47 diesel barrels sank off the coast of one of Ecuador’s ecologically sensitive areas

Shell to cut $9bn from operational costs to weather oil prices crash during coronavirus

The oil giant said it “is taking immediate steps to ensure the financial strength and resilience of our business”

Coronavirus forces Chevron to send London staff home

‘Work-from-home’ trend spreads to London as the oil giant asks 300 staff to self-isolate as a precaution against coronavirus

India plans oil giant to take on global rivals

The Indian Government plans to form a giant national oil company. As part of the Budget 2017 announcement, the government said it would merge state-owned oil companies to take on global rivals. It is part of its plans to “enhance capacity of oil PSUs [Public Sector Undertakings] to bear higher risks, avail economies of scale, […]