The energy giant said it would cut planned investments in clean energy and redirect spending toward fossil fuels.
Category: Offshore Drilling and Exploration
-
Shell and Equinor Oil and Gas Production Is Blocked at Sites Off British Coast
A court ruling requires the British government to consider the potential climate impact of the oil and gas produced in the North Sea.
-
Chevron to Increase Output at Huge Oil Field in Kazakhstan
The energy giant is spending nearly $50 billion to expand the Tengiz oil field, allowing it to pump one million barrels a day.
-
Britain’s Falling Oil Output Leaves Jobs and Skills at Risk
The government wants to rapidly replace oil and natural gas with clean energy, but offshore wind and other alternatives are still in their early stages.
-
Oil Projects Must Consider Full Climate Impact, Top U.K. Court Rules
Previously, local council and planning groups in Britain had to weigh only the planet-warming emissions from their own operations.
-
Oil Companies Expand Offshore Drilling, Pointing to Energy Needs
Shell and others say they plan to drill for oil and gas in the Gulf of Mexico in part because doing so releases fewer greenhouse gases than drilling on land.
-
Shell to Sell Its Nigeria Oil Business for $1.3 Billion
The energy company’s exit from onshore petroleum drilling in Nigeria is aimed to reduce risks, while it continues to produce oil and gas offshore.
-
Britain to Allow Big North Sea Oil Field, Despite Climate Concerns
A go-ahead for a long-delayed $9.4 billion drilling project is expected to support the oil industry and provide energy security, but environmental advocates were outraged.
-
British Government Signals Support for Oil and Gas Industry
With a general election expected next year, the government said it would issue new licenses for energy exploration in the North Sea.
-
An American Energy Giant Sees Israel as a Springboard to Europe
Chevron finds itself with an abundance of natural gas on Europe’s doorstep. Amid competing regional interests, the question is how to develop it.
-
Giant Wind Farms Arise Off Scotland, Easing the Pain of Oil’s Decline
The New York Times – Business:Oil and gas workers, losing their jobs as fossil fuel investment wanes, find work in the wind energy business.