Oil majors BP, Shell and Total want to connect some of their oil platforms to Norway's onshore power grid to reduce carbon emissions, BP said in a letter to the oil and energy ministry. Pressure has intensified on fossil fuel companies to curb emissions as investors threaten to withhold funds and public awareness of climate change grows. BP on Wednesday said it planned deep cuts to its emissions by 2050…
BP plans deep cuts to its carbon emissions by 2050, setting one of the oil sector's most ambitious targets, as part of the biggest overhaul in the 111-year old company's history by new chief executive Bernard Looney. The targets set on Wednesday put BP ahead of rivals Royal Dutch Shell and Total…
Equinor joined other major European oil and gas companies on Thursday by including emissions from the fuel it sells to customers in its carbon reduction targets as investors step up the pressure on fossil fuel producers. By including so-called…
Climate protesters forced BP to temporarily shut down its London headquarters on Wednesday, the first day in office for the oil and gas company's new CEO Bernard Looney. BP said more than 100 Greenpeace activists attempted to place 500 solar…
Swedish oil and gas company Lundin Petroleum is aiming to become carbon neutral by 2030. It has also proposed to lose the „petroleum“ part from its name, and replace it with „energy.“Announcing the launch of its Decarbonization Strategy on Monday…
An Oslo appeals court approved Norway's plans for more oil exploration in the Arctic on Thursday, dismissing a lawsuit by environmentalists who had said it violated people's right to a healthy environment. The verdict upheld a ruling made by a lower court…
Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transition, and failure to address growing calls to reduce greenhouse gas emissions could threaten their long-term social acceptability and profitability…
The oil and gas industry might lose the social license to operate, and if it doesn't act quickly on helping solve the climate change problem, there may be no second chance.Tim Eggar, the Chairman of the UK Oil and Gas Authority (OGA) addressed…
Extinction Rebellion movements' climate protesters have blocked entry to Shell's offices in Aberdeen.'At 6.30 am this morning, ExtinctionRebellion Scotland blocked all entrances to the headquarters of the oil giant on Altens Farm Rd in the European Oil Capital Aberdeen…
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