More results...
Shares nosedive at Wood Group after Deloitte review finds ‘inappropriate management pressure’The UK oil services company John Wood Group has admitted that its financial results need to be restated, after a review found “cultural failings” led to inform…
Increase in pay package comes despite fall in profits and as oil company waters down pledge to cut emissionsThe oil company Shell has revealed plans to hand bigger payouts to its chief executive and shareholders – by pumping more oil and gas and halvin…
Non-profit, which will appeal decision, says lawsuits like this are aimed at ‘destroying the right to peaceful protest’A jury in North Dakota has decided that the environmental group Greenpeace must pay hundreds of millions of dollars to the pipeline c…
Scotland’s first minister says Grangemouth could become world leader in green fuelsThere is a realistic chance that one of the UK’s largest oil refineries can be converted into a hub for green chemicals, sustainable fuels and plastics, Scotland’s first…
Energy summit in Houston makes clear US is nowhere close to curbing fossil fuels, but tariffs are causing disquietThis week, the world’s most influential fossil-fuels conference, which has been dubbed the “Coachella of oil”, featured an industry displa…
Oil giants retreat on climate pledges, embrace Trump-era fossil fuel policies at CERAWeek in TexasAt a major oil and gas conference in Texas this week, companies publicly retreated from their flashy climate pledges of years past, redoubling their commi…
King Okpabi, ruler of Ogale, says Shell has caused chronic pollution, while oil firm argues it is not responsible His Royal Highness King Godwin Bebe Okpabi has carried bottles of water drawn from the wells of his homeland in the Niger delta to the hig…
Murray Auchincloss paid £5.4m in 2024 as oil company ditched green investment strategyBP cut the pay of its chief executive after a chastening year in which the British oil company missed profit targets and ditched its green investment strategy as it c…
Gas and oil industry cautiously welcomes government proposals that could ease tax burden on sectorThe UK government has unveiled proposals that could ease the tax burden on the offshore oil and gas sector but confirmed that it would also ban new drilli…
CEO Murray Auchincloss says ‘fundamental reset’ will mean cut of more than £4bn to low-carbon investment planBP has abandoned its green ambitions in favour of ramping up fossil fuel production as its boss claimed that optimism over the pace of the gree…