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The Latest Breaking News from Oil

UAE oil company employees given roles in office hosting Cop28

Exclusive: at least 12 officials at body hosting Cop28 appear to have come straight from fossil fuel industry

The Guardian - UK

Tefal and Bonne Maman team up for Pancake Day inspiration

There is an exclusive pan and jam pack available in Saunsbury's

Wales Online

Shell announces highest profits in 115 years

Energy giant Shell made one of the biggest ever profits by a UK company last year as soaring oil and gas prices, after the Russian invasion of Ukraine, doubled its earnings to a record $39.9 billion dollars (£32.2 billion). The vast scale of the profit at the multinational, which supplies…

Evening Standard

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read the most diverse news in one place.

ADNOC Signs Deals Worth $4.6 Billion

The Abu Dhabi National Oil Company (ADNOC) has signed agreements with at least 23 leading domestic and international companies for manufacturing opportunities across multiple industrial products valued at 17 billion dirhams ($4.63 billion). “The agreements outline the intention of the companies to manufacture these products in the UAE, supporting the…

Asharq Al-Awsat

Niger Delta communities file damage claim against Shell in London court

More than 11,000 Nigerians from the oil-producing Niger Delta have filed a compensation claim against energy giant Shell at the London High Court. It is the latest step in a case that will test whether multinationals can be held to account for the actions of overseas subsidiaries.

Radio France Internationale

Over 11,000 Nigerians file complaint against oil giant Shell over pollution

In tonight's edition: More than 11,000 Nigerians sue oil giant Shell over pollution, damage caused by oil spills and loss of livelihood. Also, we speak to Kyle Walter, Head of US Investigations at Logically, about Russia's social media campaign to push pro-Kremlin messages on the continent. Finally, South Sudan gears…

France 24

Court: US needs to consider effects of drilling near Chaco

A federal appeals court says the U.S. government failed to consider the cumulative effects of greenhouse gas emissions that would result from the approval of nearly 200 drilling permits issued in an area surrounding Chaco Culture National Historical Park

The Independent UK

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Diesel set to dip to B34.5 per litre

The domestic price of diesel is set to decrease to 34.5 baht a litre later this month, down from 34.94 per litre, following a decline in global crude oil prices.

Bangkok Post

'Cannabis martyr' told police he was 'saving the city' after they found his grow

Legalisation campaigner gave cannabis oil to dying man free of charge to ease pain of his terminal cancer

Liverpool Echo

What has been happening in the South China Sea and what do experts predict for 2023?

Several countries have claims in the strategic waters of the South China Sea but one is aggressively muscling for the rights to everything above and below the water.

ABC News

Shell company directors earned enough in 2021 to pay 390 nurses, as firm sees record profits

A look at those leading the oil and gas firm as it enjoys the largest profits in its 115-year-history

The Independent UK

The 2 Fastest-Growing Energy Stocks to Buy Now

Although energy prices have declined from last year's highs, demand has remained steady. With the ban on Russian oil imports, supply is expected to remain tight, which could keep energy prices elevated. Therefore, investors could look to buy fast-growing energy stocks HF Sinclair (DINO) and PBF Energy (PBF). Read more….

StockNews.com

Why is Shell’s UK windfall tax payment so low?

The oil major has posted the biggest profits in its history, nearly $40bn for 2022, but will only pay $134m in taxes

The Guardian - UK

Pakistan is roiled by multiple crises at once, with little end in sight

A storm of global issues, from the Russian invasion of Ukraine to the Taliban's takeover of Afghanistan, has exposed and exacerbated Pakistan's political, economic and security fault lines.

WEKU

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news in one place.

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The Independent UK

For Palestinians, the traditional olive harvest mired in conflict

Local workers have joined forces with European and Israeli activists to help farmers collect their crop

WEKU

Shell reports record profits as energy prices soar after Russia's invasion of Ukraine

Energy companies have been reporting blockbuster profits since last year, after Russia's invasion of Ukraine sent oil prices sharply higher.

Wales Online

Five foods that experts say will slow down balding

From turmeric to pumpkin seeds, these foods will help keep your locks luscious

Al Jazeera

Nigerian communities file damages claim against Shell in UK court

The claims say oil spills resulting from Shell’s operations in the Niger Delta have endangered the lives of residents.

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news in one place.

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Salon

Exxon reports record profits

The White House responds with renewed calls to boost production

The Independent UK

Rishi Sunak understands public anger over ‘extraordinary’ Shell profits, No 10 says

Shell should invest more of the money in the UK, Downing Street suggest

Axios

U.S. Permian Basin oil production — and profits — have surged

President Biden has been asking for more oil. Producers now think prices will be high enough for the next several years to justify it.

The Independent UK

How much UK tax does Shell pay after reporting record profits?

Oil giant’s bumper year revives calls for tougher windfall levy on energy companies

Daily Record

Shell profits branded 'sickening' as energy giant rakes in £68 billion in single year

Opposition parties have warned the UK Government's windfall tax does not go far enough.

ABC News

Shell profit doubles to record $56 billion in 2022 as war drives up energy costs

Global energy giant Shell has said that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia's invasion of Ukraine.

Reuters

Nigerian communities file damages claim against Shell in London court

More than 11,000 Nigerians from the oil-producing Niger Delta have filed a compensation claim against Shell at the London High Court, the latest step in a case that will test whether multinationals can be held to account for the actions of overseas subsidiaries.

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