More than 13,000 Nigerian residents take Shell to court over oil spills
Residents fetch water from a well contaminated by oil pollution at Ogale Town, Eleme in southeast Nigeria, on June 13, 2015.Afp Contributor | Afp | Getty ImagesOver 13,000…
Browsing Tag
Oil and Gas
Oil giant Shell posts highest-ever annual profit of $40 billion
Shell said last month that windfall taxes imposed by the European Union and U.K. following the surge in profits would cost the group about $2 billion.Paul Ellis | Afp | Getty…
Norway’s gigantic sovereign wealth fund loses a record $164 billion, citing ‘very unusual’ year
Norway's sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country's oil and gas sector.Bloomberg | Bloomberg | Getty ImagesNorway's…
Big Oil poised to smash annual profit records — sparking outcry from campaigners and activists
U.S. President Joe Biden has previously singled out Exxon Mobil for making "more money than God" last year.Brandon Bell | Getty ImagesSome of the world's largest oil and gas…
Norway’s fossil fuel bonanza stokes impassioned debate about how best to spend its ‘war profits’
Norway is making more money from oil and gas exports than ever.Ole Berg-rusten | Afp | Getty ImagesNorway's skyrocketing oil and gas wealth is expected to climb to new heights this…
Aramco chief warns of possible oil supply shortages, as Chinese demand set to surge
An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia.Simon Dawson | Bloomberg | Getty ImagesThe…
Naftogaz CEO says the Ukrainian state energy giant will be out of default soon
The CEO of Ukrainian state energy giant Naftogaz said the company is working toward resolving its debt default problems quickly.Yuriy Vitrenko told CNBC's Hadley Gamble at the…
Qatar does not advocate ‘forgive and forget’ for Russia, foreign minister says after colleague’s…
Qatar's Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani speaks during a joint press conference with his French counterpart in Doha on March 28, 2022.Mustafa…
Russian gas will eventually return to Europe as nations ‘forgive and forget,’ Qatari energy minister says
On Friday, Russian energy supplier Gazprom said it would not resume its supply of natural gas to Germany through the key Nord Stream 1 pipeline, blaming a malfunctioning…
The West’s oil war against Russia is starting to take its toll — sparking calls for tougher measures
European countries have been scrambling to find alternative sources of oil and gas following Russia's full-scale invasion of Ukraine in Feb. 2021.Bloomberg | Bloomberg | Getty…