US oil and gas industry goes into ‘survival mode’ and cuts forecast expenditure by $85bn

In a bid to limit the damage inflicted by the global oil crisis and the impact of the ongoing pandemic, many companies are taking short-term risk mitigation measures to stay afloat

Oxford University takes ‘historic’ decision to divest from fossil fuels

The university has also asked its endowment office to engage with fund managers and request evidence of net zero carbon business plans

Oil market turmoil – good or bad news for consumers?

The coronavirus crisis has affected all aspects of economic life but its impact on the oil and gas markets has been especially dramatic.

Coronavirus-stricken Europe witnesses historic lows in coal-based energy production

Total electricity demand across the European continent shrunk to lows not seen since the Second World War between 10th March and 10th April

Covid-19 pandemic ‘hurts fossil fuel sector’

That’s the result of a decrease in electricity demand due to production halts in major factories globally, according to a new report

Total value of gas wasted through flaring reached $19bn in 2019

A new study reveals ten countries combined currently flare more than 9.5 billion cubic feet of gas everyday

Oil & gas
Equinor set to ramp up production at Johan Sverdop oil field

The field boasts a total capacity of 2.7 billion oil barrels

Fossil fuel products ‘should come with warning labels’

The smoking-style warnings should be used on petrol stations, energy bills and air tickets, experts say

Blue skies across Europe as coronavirus lockdown slashes air pollution

The change in the amount of nitrogen dioxide in the atmosphere is particularly broad in Paris, Milan and Madrid, according to the European Space Agency

Indonesia to replace ageing fossil-fuel plants to make way for renewables

The country is looking to retire its 2,256 diesel plants by the end of 2020