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oil and gas

Investment

Australian insurer Suncorp to ditch coverage for oil and gas projects

Landmark pledge makes Suncorp the first major insurer to adopt any policy restricting underwriting for oil and gas

clock 21 August 2020 • 3 min read

Risk

Carbon Tracker: Oil and gas giants take $87bn hit on assets in nine months

BP, Shell and Total have all written down value of their assets by billions in the second quarter of 2020, but Exxon, Equinor and ConocoPhillips failed to report any significant material impairments

clock 17 August 2020 • 3 min read

Energy

'BP has woken up': Oil giant pledges to reduce fossil fuel portfolio in beefed up net zero strategy

BP announces pivot to become 'integrated energy company' as it pledges to cut oil and gas production by 40 per cent and ramp up clean energy and technology investment after suffering record loss in the second quarter of 2020

clock 04 August 2020 • 5 min read

Energy

'Stranded': Total writes down $8bn of fossil fuel assets

French oil giant concedes oil sands projects are becoming too expensive and warns that 'beyond 2030' peak oil demand beckons

clock 30 July 2020 • 4 min read

Politics

Reports: Government mulling review of support for overseas oil and gas projects

Reports suggest Boris Johnson keen to end UK loan guarantees for oil and gas projects overseas amid reputational concerns for the UK ahead of COP26

clock 27 July 2020 • 4 min read

Wind

Oil and renewable energy tech centres form Energy Transition Alliance

Oil & Gas Technology Centre and Offshore Renewable Energy Catapult to team up on floating wind, blade recycling, and offshore platform decarbonisation

clock 22 July 2020 • 2 min read

Energy

Oil and gas industry unveils new carbon intensity targets

Oil and Gas Climate Initiative hails 'further step in support of the Paris Agreement' as national oil majors back new emissions goals

clock 16 July 2020 • 6 min read

Energy

'Fundamental change': How write downs and bankruptcies are fuelling stranded asset fears

Shell and BP are writing down assets while a raft of US fracking firms are entering bankruptcy protection – change is coming to the fossil fuel industry faster than anyone expected

clock 03 July 2020 • 11 min read

Energy

BP to slash oil asset value by $17.5bn as it predicts faster net zero shift

Oil and gas giant warns of 'enduring impact' of Covid-19 crisis which it expects will accelerate transition to net zero economy

clock 15 June 2020 • 3 min read

Investment

BP confirms job cuts, reasserts clean energy pledge

Oil major announces it is to cut around 10,000 jobs globally, as CEO predicts coronavirus crisis will accelerate company's transition towards cleaner energy sources

clock 09 June 2020 • 3 min read
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