ADVERTISEMENT

oil industry

Now playing Next

Italian energy giant Eni reveals oil and gas expansion plans

ADVERTISEMENT

ADVERTISEMENT

TOP TAGS

OLYMPIC GAMES PARIS 2024 PARIS ITALY FRANCE ISRAEL TRAVEL SPORT ISRAEL HAMAS WAR

More about this topic

Now playing Next

Chevron calls a halt to North Sea drilling as energy tax burden climbs

Chevron becomes the latest energy company to pull out of North Sea operations because of the continuing controversy over the "windfall" tax on energy giants.

17/05/2024

Now playing Next

Eni divides oil and gas and green energy projects in new finance plan

The aim of the move is to attract more investment by allowing both fossil fuel and renewable energy investors to invest solely in their preferred projects, without any crossover of funds.

13/05/2024

Now playing Next

How a Shell plant registered millions of ‘phantom’ carbon credits

Canadian taxpayers covered 93 per cent of the costs of the Quest carbon capture project, a Greenpeace report reveals.

07/05/2024

Now playing Next

BP pledge to cuts costs as profits fall below expectations

Energy giant BP is to launch a major cost-cutting programme after Q1 profits were hit by falling gas prices and a refinery outage and earnings fell short of analyst forecasts.

07/05/2024

ADVERTISEMENT

Now playing Next

Big Oil is in hot water over climate change ‘deception’

A new report released by US Democrats has shown that many big oil companies have willingly misled the public about their opinions on the dangers of climate change.

01/05/2024

Now playing Next

TotalEnergies sees first quarter earnings drop on lower gas prices

Declining natural gas revenues dampened the company’s performance in the first quarter of 2024, with earnings down 22%, however its resilient oil business helped cap losses.

26/04/2024

Now playing Next

UK oil firm aims to dig deep for biggest North Sea oil find in decades

A UK energy company is bringing two offshore fields onstream to produce 500 million barrels of oil.

10/04/2024

Now playing Next

How reliant are European nations on North Sea infrastructure?

Countries like the UK and Norway are still significantly reliant on North Sea energy resources. However, harsher tax measures have led to several energy companies, such as Shell, pulling back from their offshore oil fields.

10/04/2024

Now playing Next

Ukrainian Strikes on Russian oil refineries: What's the impact?

Drone strikes on Russian oil refineries and their economic impact have become one of the more successful Ukrainian campaigns.

03/04/2024

Now playing Next

Why haven't Western sanctions worked on Russia's economy?

Renewed packages of sanctions from the EU and US were supposed to weaken the Russian economy. Instead, it has adapted, and remains robust just as Vladimir Putin is about to get reelected for a fourth presidential term.

14/03/2024

Now playing Next

Chinese energy giant CNOOC finds hundred million-ton oilfield

CNOOC's Kaiping South discovery could lead to more investment in deep-water South China Sea exploration in the coming months.

08/03/2024

Now playing Next

Big oil pays for increasing production despite climate pledges

Companies with some of the most ambitious climate policies are among the worst offenders, finds a new report.

01/03/2024

Now playing Next

BP appoints new permanent CEO, Murray Auchincloss

Auchincloss will permanently replace predecessor Bernard Looney after acting as interim CEO since September.

17/01/2024

Now playing Next

Markets' week ahead: European stocks muted ahead of US inflation data

European markets opened more cautiously this week, following weakened sentiment in Asia and with US inflation numbers on the horizon.

08/01/2024

Now playing Next

Russia claims majority of oil exports redirected to Asia

The announcement comes amid unprecedented Western sanctions on Russia over the invasion of Ukraine.

27/12/2023

Now playing Next

Euroviews. Oil price forecast for 2024: What’s in store for global crude?

Despite the headwinds in 2024, consumers might be able to breathe a sigh of relief as oil prices are expected to remain range-bound or trend downwards as compared to 2023, Osama Rizvi writes.

25/12/2023

Now playing Next

Why is the IEA's latest oil market report important for Europe?

Euronews Business breaks down the IEA's latest oil market report, released this month, to see why it matters for Europe.

22/12/2023

Now playing Next

Ministers agree petroleum industry must develop CO2 storage sites

Governments agree oil and gas firms must deploy permanent CO2 storage facilities at an unprecedented scale, but the industry argues it is pointless without also building up carbon capture and transport infrastructure, while NGOs fear the plans distract from the need to cut emissions at source.

07/12/2023

Now playing Next

Record number of fossil fuel lobbyists at COP28, campaigners say

There are almost 4 times more lobbyists at this COP than last year's.

05/12/2023

Now playing Next

COP28: What happened on day 6 of the UN climate conference?

The latest from Energy, Just Transition and Indigenous Peoples day in Dubai.

05/12/2023