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The Latest Breaking News from Oil

Shell profit doubles to record as war drives up energy costs

Global energy giant Shell says annual profits doubled to a record high last year as oil and gas prices soared after Russia’s invasion of Ukraine

The Independent UK

Best charcoal face masks for a smooth, soft and cleansed face

Promising a deeper cleanse than ever before

Evening Standard

Oil giant Shell reports highest profits in 115 years as energy prices soar

OIL giant Shell has said that profits skyrocketed to £68.1 billion in 2022 due to soaring oil prices.

The National (Scotland)

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Shell profits reach record £68 billion after energy price surge

Energy giant's earnings leap 53% year-on-year, following the Russian invasion of Ukraine

Insider UK

Egypt Cabinet Approves 13 Draft Agreements to Explore Oil, Gas

The Egyptian Cabinet approved on Wednesday 13 draft agreements between the Egyptian General Petroleum Corporation, the Egyptian Natural Gas Holding Company, and a number of international companies. Under the deals, the Egyptian General Petroleum Corporation will be responsible for oil exploration in areas west of Wadi Natrun, east of Siwa,…

Asharq Al-Awsat

Shell’s record profits more than double UK’s climate funding

Government letting energy giants ‘off the hook’, say opposition and campaigners after profits hit £68bn

The Independent UK

Saudi Arabia Finances $319 Million Infrastructure Project in Oman

Saudi Arabia and Oman announced on Wednesday that they signed 13 investment MoUs between the their private and public sectors with a value exceeding one billion riyals ($266.6 million). Fields covered by the agreements include oil and petrochemical storage, renewable energy and green hydrogen, mining investment, logistics and transportation, entrepreneurship,…

Asharq Al-Awsat

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Nearly 14,000 Nigerians take Shell to court over devastating impact of pollution

People from Niger delta areas of Ogale and Bille seeking justice in London’s high court

The Guardian - UK

Major palm oil companies broke their promise on No Deforestation – recovery is needed

Despite a 2013 pledge by major palm oil firms to maintain environmentally friendly operations, a recent report by environmental group Earthqualizer revealed that more than 440,000 hectares of forest and peat land (roughly three times the size of London) have been cleared for oil plantation in Indonesia between 2016 and…

The Conversation

Biden administration recommends major Alaska oil project

The Biden administration has issued a long-awaited study that recommends allowing a major oil development on Alaska’s North Slope

The Independent UK

Outrage as US government advances $8bn Alaska oil drilling plan

Interior department report recommends scaled-back version of ConocoPhillips’ Willow project despite Biden campaign pledge

The Guardian - US

Innobic launches two nutritional products

Innobic (Asia), the life science arm of national oil and gas conglomerate PTT Plc, continues to team up with university scholars and researchers to grow its food supplement business, launching two new nutritional products.

Bangkok Post

Company that wants to build oilfield dump in East Texas gave $53,750 in campaign donations to regulators

McBride Operating LLC and its owner, Joseph McBride, contributed to the political campaigns of the three commissioners on the Texas Railroad Commission now considering his request.

The Texas Tribune

The world’s oldest fossils or oily gunk? New research suggests these 3.5 billion-year-old rocks don’t contain signs of life

The Pilbara region of Western Australia is home to one of the most ancient surviving pieces of Earth’s crust, which has been geologically unchanged since its creation some 3.5 billion years ago.

The Conversation

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Al Jazeera

Home of Ukrainian oil tycoon raided in anti-corruption purge

Ukraine is taking a hard line against corruption as it continues talks to join the European Union.

The Guardian - UK

Norway urged to step up Ukraine support after profiting from war

Norwegian campaigners and luminaries say Oslo must do more after earning billions in extra oil and gas revenue

Newsroom.co.nz

The future must use less energy and have more of the things that really matter

We need to reduce our energy consumption and embrace 'degrowth’, in which we redesign the economy to put human and environmental wellbeing at its centre, writes Dr Catherine Knight

Radio France Internationale

Total's contested oil projects in Africa: The case of Uganda and Tanzania

In the Lake Albert region, in northwestern Uganda, TotalEnergies plans to extract large quantities of oil buried deep in the ground. Work has already started. Backhoe loaders are digging the soil across the savannah. At the top of the embankments of red earth designed to diminish the noise of machines,…

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news in one place.

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The Independent UK

In Congo, activists look to Pope to boost forest protections

Local climate activists in Congo are hoping Pope Francis’ visit will help spur action to protect the country’s rainforest from oil and gas interests

The Independent UK

Silverstone track invasion was as safe as possible, says Just Stop Oil protester

Louis McKechnie denied allegations that the group’s sit-down protest during the Grand Prix created a serious risk of harm to drivers and marshals.

The Guardian - US

Shell’s actual spending on renewables is fraction of what it claims, group alleges

Non-profit group Global Witness urges US regulator to investigate oil giant and potentially impose fines over apparent ‘mislabeling’

Daily Record

Greenpeace activist from Girvan spearheads climate change protest on board massive Shell oil platform in the Atlantic Ocean

Climbing specialist and Greenpeace activist, Imogen Michel, led a team of four onto the giant oil platform on Tuesday - and they plan to stage their protest for as long as possible.

The Independent UK

Viral TikTok shows what happens when you accidentally drop an iPhone into boiling oil

The device appears to be more than splash and water resistant

Daily Mirror

Kate Middleton swears by £19.99 rosehip oil that helps 'reduce wrinkles & scars'

If it's good enough for a Princess, it's good enough for us!

Reuters

Factbox-Nigeria election 2023: what you need to know and what's at stake

Voters in Africa's biggest economy and most populous nation head to the polls on Saturday to elect a new president and lawmakers, in what is set to be a close contest amid rising frustration over cash and fuel shortages, unprecedented insecurity and surging inflation.

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