Oil giant Shell has reported record profits to over $25 billion after high oil prices boosted its results. The figure, which is 21% higher than a year earlier, included a better than expected performance in the final three months of...
It seems the Iraqi and American governments are not waiting to pass the controversial oil law to develop Iraq’s oil as things are moving a pace in the oil sector. Last week, General David Petraeus called on "large Western corporations"...
A plan to shake up Mexico's flagging state-run oil sector has met with a muted reaction from the oil majors. The foreign oil companies want Mexico to join the rest of the world in offering risk-sharing joint ventures, especially in...
Follow along for the most important events, press conferences, and developments on Day 2 of COP29, where negotiations begin amid geopolitical shifts and critical decisions on climate finance, fossil fuel phaseout, and U.S. climate policy.
As Finance Day begins at what's being called the 'Finance COP,' negotiators face a stark choice: deliver public grants at the trillion-dollar scale needed for a just transition away from fossil fuels, or rely on inadequate private sector mechanisms that...
Research released today by Oil Change International and ClientEarth, Wasting Public Money, reveals how Germany is at risk of watering down a 2021 pledge to end taxpayer-backed financing of fossil fuel projects overseas.
The Strait of Hormuz may be reopening, but this crisis has once again exposed fossil fuels as a source of conflict, chaos, volatility and disruption. While communities bear the costs, oil companies profit from the instability. Once renewables are installed,...
Control of Iraq's future oil wealth is being handed to multinational oil companies through long-term contracts that will cost Iraq hundreds of billions of dollars.
Frozen Future' warns investors of the risks to shareholder value from Royal Dutch Shell’s Alaskan Arctic drilling program.
This analysis explores the oil production, carbon emissions, and taxpayer cost implications of the proposed changes to Section 45Q in the U.S. tax code in S.1535 and H.R.3761.
