ESG/Investment
News
November 08, 2019
French oil giant Total SA said it won’t renew its membership of a key industry lobby group because the organization’s stance on climate issues doesn’t align with its own.
News
November 08, 2019
Northern Drilling's West Mira is an ultra-deepwater semisubmersible designed by Moss Maritime, operating a hybrid power plant using Lithium-ion batteries as spinning reserve in dynamic positioning (DP) operations and to supply power during peak load times.
News
November 07, 2019
A lawyer for Exxon Mobil said New York’s fraud lawsuit against the oil giant was a “joke” and that the state had falsely accused engineers and scientists of cooking up a scheme to mislead investors about the financial risks of climate change.
News
November 05, 2019
“Our members have made great strides in reducing their methane intensity, even as production and throughput increased; these numbers prove that natural gas can be a clean, sustainable fuel, meeting the energy needs of our country and around the globe for years to come," said Richard Hyde, executive director of ONE Future.
News
November 03, 2019
New York rested its securities-fraud case against Exxon Mobil after nine days of trial testimony without appearing to produce any definitive evidence that the oil company intentionally misled investors about how it accounted for climate-change risks.
News
October 31, 2019
The Keystone crude pipeline was shut Wednesday after leaking thousands of barrels of crude in North Dakota, the third spill along the pipeline’s route in less than three years.
News
October 31, 2019
A New York courtroom was packed on Wednesday to see ex-Exxon Mobil Corp. CEO Rex Tillerson take the witness stand and explain that the company knew for years how climate change was a significant threat to the world.
News
October 31, 2019
Well, it has finally happened. A perfect combination of overly aggressive environmental activism, combined with fumbling by governmental authorities, has incapacitated the Canadian oil industry. (World Oil Editorial)
News
October 30, 2019
Oil was discovered in the North Sea in the 1960s and has made Norwegians rich, but that fairy tale is now losing sway as a growing number of politicians and environmental groups are calling for a shutdown of production with as much half of the estimated resources still in the ground.
News
October 28, 2019
New York’s $1.6 billion securities-fraud lawsuit against Exxon Mobil begins a second week of trial Monday, after a series of witnesses failed to provide any concrete evidence that the oil giant knowingly misled shareholders about its climate change accounting.
News
October 27, 2019
“Responsible natural gas and oil development continues to bring incredible economic and conservation benefits to communities across the nation,” said API manager of upstream and industry operations Stephanie Meadows.
News
October 25, 2019
BP has been a long-term advocate for the establishment of carbon pricing systems and already supports and enables projects that reduce emissions and generate environmental credits, both for voluntary use and compliance purposes.
News
October 24, 2019
The Trump administration showed support for energy innovation in the United States this week, issuing a report that directly outlines how U.S. shale production is positively impacting both the economy and the environment.
News
October 24, 2019
Total's investments will support start-ups that develop innovative technologies and solutions which help companies to reduce their energy consumption or the carbon intensity of their activities.
News
October 24, 2019
Kuwait, OPEC’s fourth-biggest member, is considering cuts to its oil production capacity targets, in large part because mounting concern about climate change will constrict demand for fossil fuels.
News
October 23, 2019
The U.S. Supreme Court let government officials press ahead with three lawsuits that accuse more than a dozen oil and gas companies of contributing to climate change.
News
October 21, 2019
As part of the contract, AIS Training will provide more than 450 industry-accredited technical and safety-critical skills courses, in areas such as offshore survival, emergency response, crisis management, rope access, rigging and lifting, scaffolding and fabric maintenance.
News
October 18, 2019
The American Petroleum Institute released the below statement in support of reauthorizing the Advanced Research Projects Agency – Energy (ARPA-E), which the House Science, Space, and Technology Committee voted on to the full House on Thursday, October 17th.
News
October 17, 2019
The next generation of the UK’s oil and gas industry are being called upon to make their voices heard on key issues including the energy transition and climate change at a new event being held in Aberdeen on Thursday 24 October.
News
October 15, 2019
The European Investment Bank stopped short of agreeing a strategy to limit funding for fossil fuels, a plan that would help step up Europe’s ambition to fight climate change.
News
October 14, 2019
“If senators want cleaner power, advocating for more natural gas-generated electricity would be a more effective route than generating more red tape,” wrote Scott Parker, rapid response & content manager at the API.
