From Supermajors to Superminors: the fall of Big Oil
Shell is in trouble. BP is in trouble. So too is Exxon.
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2026
2026
“Oil is dead”: Post COVID-19, there’s no way back for Canada’s tar sands
The Canadian Green Party's parliamentary leader, Elizabeth May, said last week: "My heart bleeds for people who believe the sector is going to come back. It's not. Oil is dead and for people in the sector, it's very important there...
With U.S. shale peaking & having “never made money,” investors lose billions
A report from the financial auditing firm Deloitte says the “reality is that the shale boom peaked without making money for the industry in aggregate. In fact, the US shale industry registered net negative free cash flows of $300 billion,...
Saudi Arabia’s $2 Trillion Climate Wreckage Sale
Later this week, the board of the state-owned oil company of Saudi Arabia, known as Saudi Aramco, is expected to give its final approval to proceed with its long awaited part privatization, otherwise known as an “Initial Public Offering” or...
California Methane Leak “Will Take Months” to Fix
It is increasingly being seen as America’s worst environmental disaster since BP's Deepwater Horizon blowout in 2010 and has led to thousands of people being evicted from their homes.
How many explosions before we stop crude-by-rail?
This past Saturday, it happened again. A train carrying highly volatile crude oil, in this case tar sands crude from Alberta, derailed in Ontario and caught fire, destroying a bridge in the blaze. This is the fourth time in as...
“End corporate sponsorship of our arts institutions by genocidal corporations”
The Canadian Museum of Civilisation has announced it is “proud” to have struck a sponsorship deal with the tar sands lobby group, CAPP.
Shell’s $4 Billion Arctic Lobby Campaign
In July, barring any last minute legal challenges, oil giant Shell looks set to cross the rubicon and start drilling offshore in the Arctic. Many environmentalists and indigenous communities have long fought and feared this day. Many of the veterans...
From Humpty Dumpty, to Mr Bean to Mr Has-Been..
Did we get any real answers from Tony Hayward yesterday when he appeared before an influential Congressional cmmittee? No Did we get the truth from Hayward, currently depicted as the most hated man in America? No All we got from...
Nigeria: MEND Dismiss Chinese Oil Bidders as “Locusts”
Yesterday, the Financial Times rocked the oil world with a story about how the Chinese state-owned oil company, CNOC, was in talks with the Nigerian Government to buy large stakes in some of the country’s key oil blocks. The story...