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Oil & gasoline

Biden Admin Approves Alaskan Oil and Gas 'Willow Project'

US Pres. Biden's administration greenlit ConocoPhillips’ large Willow oil and gas drilling project in Alaska on Monday, much to the consternation of environmental and climate change campaigners....

Philippines: Oil Spill Impacts Marine Life, Human Health

Philippines: Oil Spill Impacts Marine Life, Human Health

Last week, the MT Princess Empress — an oil tanker carrying 800K liters of oil — sank off the coast of the Oriental Mindoro province in the Philippines. The oil has now reached the shores of nearby areas including fishing villages, coating them in a thick and oily sludge....

Russia to Cut Oil Output by 500k Barrels a Day

Russia to Cut Oil Output by 500k Barrels a Day

On Friday, Russia's deputy prime minister announced plans to cut oil production by 500k barrels per day — roughly 5% of output — starting in March amid economic sanctions imposed on the country by the West....

TotalEnergies Reports Record Profit in 2022

TotalEnergies Reports Record Profit in 2022

On Wednesday, French oil giant TotalEnergies announced a record adjusted net profit of $36.2B in 2022, double the previous year's figures.

Shell Reports Highest Profits in 115 Years

Shell Reports Highest Profits in 115 Years

On Thursday, oil and gas giant Shell reported record annual profits of $39.9B for 2022 after energy prices surged following Russia's invasion of Ukraine. The company's profits were double those from the previous year and its highest in 115 years....

Nigeria: At Least 40 Killed After Gangs, Vigilantes Clash

Nigeria: At Least 40 Killed After Gangs, Vigilantes Clash

On Friday, Katsina, Nigeria state police said an armed gang, known locally as bandits, attacked a village in the Katsina Bakori local government area on Thursday, stealing cattle and sheep before fleeing

Energy: BP Profit Soars to Record $28B

Energy: BP Profit Soars to Record $28B

On Tuesday, British Petroleum (BP) reported a record profit of $28B for 2022