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In Norway, a World First in Carbon Storage

Oil giants team up to lock away industrial CO2 emissions in unprecedented undersea initiative

(Newser) - Norway just marked a world first. The Northern Lights consortium, backed by Equinor, Shell, and TotalEnergies, has launched a commercial carbon-storage initiative that involves injecting captured CO2 under the North Sea seabed. The operation, announced Monday, aims to help curb climate change by intercepting emissions from industrial sites across...

Shell Denies Report of 'Biggest Deal in a Generation'

Sources told WSJ oil giant was in talks to acquire BP

(Newser) - Shell is denying reports that it is in talks to acquire BP in what could be the energy industry's biggest deal in decades. The Wall Street Journal , citing "people familiar with the matter," reported Wednesday that Shell was in early-stage talks to snap up its rival in...

Ken Saro-Wiwa Receives Pardon 30 Years After Hanging

After Nigerian president praises oil pollution protesters, families ask for more

(Newser) - Three decades after his execution by Nigeria's military regime, Ken Saro-Wiwa has been pardoned. President Bola Tinubu conferred national honors Thursday on Saro-Wiwa, who had been convicted of murder, and the eight activists he was hanged with in 1995. There were suspicions that the Ogoni Nine were killed for...

'It's Hard to Imagine a Clearer Example of Greenwashing'

Companies including Dow, ExxonMobil, Shell, found to clean up 0.1% of the plastic they produce

(Newser) - In 2019, leading oil and chemical companies joined together to form the Alliance to End Plastic Waste (AEPW), vowing to divert more than 15 million tons of plastic from the environment by the end of 2023. Weeks into 2023, the alliance gave up the goal as "too ambitious."...

Group Calculates Climate Reparations for Oil Companies

World's top companies would owe $209B a year, according to One Earth analysis

(Newser) - The top 21 fossil fuel companies are responsible for 36% of global emissions since 1988, according to a new study , which concludes BP, Shell, ExxonMobil, and others should collectively pay at least $209 billion annually in climate reparations. Talk of who should pay climate reparations typically falls to the level...

ExxonMobil Set to Square Off Against Activist Investors

Shareholder meeting at Chevron also promises to be contentious over emissions reduction plans

(Newser) - The fly on the wall at Wednesday's ExxonMobil shareholder meeting is likely to get quite an earful, notably on the topic of climate change. Quartz reports that the oil giant is expecting a battle with some of its more activist-leaning investors, including on multiple proposals regarding carbon emissions that...

UK Lawmakers Say Shell's Record Profit Is 'Outrageous'

$40B profit leads to calls for higher windfall tax on profits made during Ukraine war

(Newser) - War—what is it good for? Shell shareholders might be able to answer that question. The British company has reported a record profit of almost $40 billion for 2022, in large part due to the surge in energy prices after Russia's invasion of Ukraine, reports Reuters. The $39.9...

Shell: Yup, We Bought Russian Oil
Apologetic Shell
Swears Off Russian Oil
UPDATED
Mar 8, 2022 7:33 AM CST

Apologetic Shell Swears Off Russian Oil

CEO admits purchase 'was not the right' decision amid Russia's invasion of Ukraine

(Newser) - Update: Shell on Tuesday apologized for buying 100,000 metric tons of Russian crude oil while promising to end involvement in all Russian hydrocarbons from oil to natural gas. "Despite being made with security of supplies at the forefront of our thinking," the decision to purchase a cargo...

Accusations of Big Oil 'Greenwashing' Are Well-Founded

Actions haven't lived up to clean energy rhetoric, researchers say

(Newser) - If actions speak louder than words, oil companies have been very quiet about transitioning to clean energy, according to a new study. Researchers in Japan looked at four major oil companies—BP, Chevron, ExxonMobil, and Shell—and found that while there had been a rise in promises of action and...

In Ida's Wake, 100 Say They're Stranded Aboard Ship

Crew endured 80-foot waves as hurricane passed by

(Newser) - More than 100 men on a drill ship in the Gulf of Mexico say they endured 80-foot waves as Hurricane Ida passed by and are now stranded, with no clue when they'll be rescued. The crew aboard Noble Corporation's Globetrotter II drill ship, about 100 miles off Louisiana,...

Shell to Union Workers: Show Up for Trump or Else

Pennsylvania workers had to show up to get paid

(Newser) - Union workers at a Pennsylvania petrochemical plant had two choices: Show up for President Trump's speech and get paid or skip the day and lose the pay, the Pittsburgh Post-Gazette reports. Royal Dutch Shell explained it to union leaders in a memo, saying attendance was "not mandatory" at...

US Government Halts New Offshore Arctic Drilling

Government blames sinking oil prices and Shell's lack of success in the Arctic Ocean

(Newser) - In bad news for the Alaskan economy but good news for polar bears, the US government blocked new offshore drilling in Alaska's Arctic Ocean and refused to extend two existing leases for Arctic drilling on Friday, the New York Times reports. The Interior Department cancelled auctions for drilling rights...

In Huge Blow, Shell Gives Up on Offshore Arctic Drilling

Company blames regulation, disappointing results

(Newser) - Royal Dutch Shell says it will cease exploration in Arctic waters off Alaska's coast following disappointing results from an exploratory well backed by billions in investment and years of work. This is a huge blow to Shell, which was counting on offshore drilling in Alaska to help it drive...

Obama: Go Ahead, Shell, Drill Deeper for That Arctic Oil

Environmentalists lambast decision, saying it will 'worsen climate disruption'

(Newser) - President Obama has disappointed a slew of environmental activists by giving Shell the green light yesterday to drill deeper in the Arctic for oil, Quartz reports. The approval issued by the Bureau of Safety and Environmental Enforcement expands the oil company's current permissions, allowing it to drill even further...

Shell Buying BG Group in $69.7B Takeover

Oil companies look to consolidate as oil prices slump

(Newser) - Royal Dutch Shell has agreed to buy British gas producer BG Group for $69.7 billion in cash and stock, the companies announced today. The move gives oil giant Shell a greater stake in natural gas markets in the wake of tumbling oil prices. A joint statement said the boards...

Record-Breaking 'Ship' So Big It's Not a Ship

Shell's Prelude takes to the water as world's largest floating vessel

(Newser) - Picture the Empire State Building. Now picture it floating on its side at sea and you've got a pretty good idea what the world's largest floating vessel looks like. Shell's Prelude—a liquefied natural gas facility—has entered the water in South Korea and at 1,601...

Europe Raids Big Oil Firms, Looking for Price Rigging

BP, Shell, and Statoil involved

(Newser) - European authorities raided the offices of BP, Shell, Statoil, and other companies involved in the oil business yesterday, as part of an investigation into what they suspect is a more than decade-old conspiracy to rig oil prices. The European Commission said it had launched "unannounced inspections" of oil company...

Feds Launch Urgent Review of Arctic Drilling

Alaska accident renews debate on Shell exploration

(Newser) - An accident involving a Shell drill ship in Alaskan waters has prompted an urgent Interior Department review of oil and gas activities in Arctic waters. The running aground of the Kulluk rig is just the latest in a series of accidents and blunders involving Shell equipment in the region and...

Shell Sues Greens Over Arctic Drilling

Preemptive lawsuit seeks to avoid challenges to cleanup plan

(Newser) - Lawyers for Shell filed suit against more than a dozen environmental groups yesterday over Arctic drilling. The suit, an unusual preemptive legal strike, seeks to head off future lawsuits by having a federal court declare that Shell's Arctic oil spill response plan for upcoming drilling complies with the law,...

Xena Actress Arrested After 3 Days on Oil Ship

Lucy Lawless, five other Greenpeace activists busted in New Zealand

(Newser) - Lucy Lawless was arrested today in New Zealand along with five other Greenpeace members, three days after they boarded an oil-drilling ship that had been contracted by Shell. Lawless, aka Xena: Warrior Princess, occupied the vessel to protest its plan to do exploratory drilling off Alaska. "This chapter has...

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