Eni creates renewable energy division as part of corporate reorganisation

The new structure aims to help the business achieve growth objectives and environmental sustainability

Russia announces state of emergency after 20,000-tonne oil leak inside Arctic Circle

A diesel power plant owned by a subsidiary of Norilsk Nickel collapsed last Friday, leaking the fuel into the Ambarnaya river

Rockefeller Brothers Fund sees financial returns increase following fossil fuel divestment

The philanthropic foundation, founded by the grandsons of oil giant John D. Rockefeller, says its returns are now beating market benchmarks after shifting its portfolio to 99% fossil fuel-free investments in 2014

Global gas and pipeline sector faces ‘deep crisis’, says study

As a result of an ‘unprecedented’ drop in global prices and demand, the global pipeline industry is looking at extended delays and stalls

Dip in oil prices sees fixed household bills drop below £800 a year for first time since 2018

Low wholesale energy prices mean six suppliers are now offering a total of nine new fixed deal energy tariffs for less than this price

px Group acquires majority stake in NRG Well Management

The move expands the global infrastructure solutions firm’s business to include well management services for the upstream oil and gas industry

Carbon capture and storage technology gets green light in Norway

DNV GL says the post-combustion technology will capture and liquefy 400,000 metric tonnes of the carbon dioxide produced each year at a cement plant 

BP to donate 3m gallons of jet fuel to help with Covid-19 relief in US

The fuel will be used for charter flights carrying PPE – the energy giant claims associated carbon dioxide emissions will be offset through certified US projects

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.

Oil and gas exploration
Domestic oil and gas production provided nearly two-thirds of UK demand in 2019

Oil & Gas UK calls on the government to support the sector in continuing to provide ‘a secure and affordable supply of energy’, as well as help decarbonise