The environmental group, Friends of the Earth in the Netherlands has announced that it will take Shell to court if the company does not act on “demands to stop its destruction of the climate”.
oil industry outlook
A New Golden Age for Big Oil or a Golden Goodbye?
Goldman Sachs, the hugely influential investment bank has issued a report on the “Seven Sisters”, the world’s largest oil companies, arguing that having “survived a life-changing crisis” the companies are “now poised to reap the rewards”.
An Early April’s Fool? Statoil Rebrands itself As Equinor
The Norwegian company, Statoil, is proposing to change its name to “Equinor”. The rebranding exercise – or what some may call greenwashing exercise – will cost as much as 250 million kroner or $32 million.
Oil-Lovin’ Trump Hurts Oil Industry with Tariff Imposition
Trade wars may be good in the chaotic mind of this President, but he has infuriated his buddies in the oil and gas industry by slapping tariffs on imported steel.
Tar Sands Lobbyist: It’s “Irresponsible” to Plan for an Oil-Free World
An energy lobby group has published its vision of the future that they hope everyone can embrace. Promising to deliver “global climate leadership”, they conclude “We can be the world’s energy of tomorrow”.
Shell: We will go from “Big Oil into Big Energy”
Shell’s scenarios leader says: “I am tasked with making sure that Shell isn’t a dodo.” So will Shell become extinct in the upcoming energy transition or dominate the new energy landscape?
One Year of Trump
One year into Donald Trump’s presidency and the chaotic vortex is as dysfunctional as ever.
In the Age of Stranded Assets, Who Pays to Clean Up the Mess?
Who will clean up the mess if oil companies go bust as the whole fossil fuel industry goes from a downcycle into a potential “death spiral”?
“The internal combustion engine will be long decimated by 2040”
Despite all the predictions about the coming renewable and electic vehicle (EV) revolution, Big Oil is still betting on being able to make oil drilling more efficient to compete with renewables, rather than switching to producing clean energy instead.
As Trump Launches “Energy Week”, Teenagers See Renewables as Fuel of Their Generation
As Trump launches “Energy Week”, a new survey finds that well over two thirds of teenagers believe renewables are the fuels of their generation, whereas oil and gas are their parents’ fuel.