Blog

OCI is producing weekly news and resources updates for allies as part of our response to the COVID-19 crisis.

Shell is in trouble. BP is in trouble. So too is Exxon.

You cannot underestimate that seismic shift going on as investors, often drunk on big oil profits, now just face uncertainty and loss. The oceans are awash with bobbing tankers full of oil, with no market to sell them. The industry is paralysed by the pandemic.

Big Oil faces a new reality where "everything has changed.” Even their long-term survival.

On the 10th Anniversary of the Deepwater Horizon disaster, “If anything, another disaster is more likely today as the oil industry drills deeper and farther offshore."

It’s time for BP and all oil companies to stop hiding behind net-zero rhetoric and commit to immediate action on the scale of the crisis we’re in.

The Norwegian company, Equinor, has announced it was abandoning plans to drill for oil in the highly ecologically sensitive, Great Australian Bight, which has been a battleground between conservationists and the industry for years.

Decades after BP became aware about the serious consequences of climate change, and as the world faces a climate emergency, the company's outgoing boss, Bob Dudley, seems more content about saving BP, than the planet itself.

BP is selling what it once called its "Jewel in the Crown", its Alaskan operations. But it leaves a toxic legacy..

The head of Strategy for BP, Dominic Emery, has admitted that some of the company's oil and gas “won’t see the light of day.”