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BIZARRE: 5 - You Need To See This

When polluters don’t pay: still no cleanup at South African oil refinery that’s caused millions in damage but was sold for 6 cents

When BP and Shell sold the South African Petroleum Refinery (Sapref) in 2024 to the Central Energy Fund, a government entity, for R1 (or six US cents), environmental advocates warned that Sapref had not taken any steps to clean up pollution. Neither had it made reparations for harm inflicted on…

The Conversation

How thousands of fossil fuel lobbyists got access to UN climate talks – and then kept drilling

Exclusive: Research shows oil, gas and coal firms’ unprecedented access to Cop26-29, blocking urgent climate action

The Guardian - US

Reeves urged to examine ‘legality’ of Shell-Equinor deal to create new company

Campaigners opposed to the Rosebank oil field, of which Equinor is a majority shareholder, are amongst those raising concerns with the Chancellor.

Evening Standard

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Shell Secures 15-Year LNG Deal With UAE's ADNOC

Shell PLC (NYSE:SHEL) shares are trading lower on Tuesday. The company’s subsidiary, Shell International Trading Middle East Limited FZE, penned a 15-year deal with Abu Dhabi National Oil Company (ADNOC).

Benzinga

BP accelerates overhaul with higher asset sale target as profits beat forecasts

The oil giant reported third quarter underlying replacement cost profits of 2.21 billion US dollars (£1.68 billion), down 3% on a year earlier.

Evening Standard

European markets rise, oil prices jump on OPEC+ decision

Key European stock indexes started the week with gains, boosted by the oil sector and expectations for a range of corporate earnings this week.

Euronews

Exxon and Chevron hike oil production despite global glut and see more ‘frontier exploration’ as U.S. shale boom slows

Chevron cited more exploration efforts in Suriname, Brazil, Angola, Nigeria, Namibia, and the Middle East.

Fortune

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Shell Extends Buyback Spree With $3.5 Billion Plan After Profit Beat

Shell Plc (NYSE:SHEL) shares are trading slightly higher on Thursday. The company posted mixed third-quarter fiscal 2025 results.

Benzinga

Shell’s profits pass $43bn after production hits new highs in Brazil and Gulf of Mexico

Oil company plans to buy back shares for 16th consecutive quarter as protesters say its earnings are ‘horror show’

The Guardian - UK

FTSE 100 winning streak ends as WPP shares hit lowest level since 1998; ECB holds rates at 2% - as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Shell to return £2bn to shareholders as profits soar

The energy firm attributed the improved performance to higher sales volumes and enhanced trading margins

The Independent UK

Shell posts stronger-than-expected profits as more cash handed to investors

The FTSE 100 firm reported adjusted earnings of 5.43 billion US dollars (£4.1 billion) for the third quarter of 2025, surpassing analyst guidance.

Evening Standard

Petrofac files for administration putting 2,000 jobs at risk

Petrofac’s UK business is based in Aberdeen and is involved in the operation of North Sea oil platforms for firms including BP and Shell.

Evening Standard

Thousands of jobs at risk as Petrofac files for administration

Petrofac said it will now enter insolvency after Dutch electricity grid TenneT terminated a major contract

The Independent UK

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The Independent UK

Philippine victims of 2021 typhoon seek compensation from Shell

Philippine victims of a 2021 typhoon are seeking compensation from energy giant Shell for damage that they say was intensified by climate change worsened by the oil and gas company's carbon emissions

The Guardian - UK

Is Shell to blame for a ‘super typhoon’? Philippines survivors to sue oil giant in legal first

Typhoon Rai killed more than 400, displaced nearly 3.2 million, and destroyed more than a million homes in 2021

Benzinga

Ukrainian Strike Forces Chevron And Shell To Slash Production In Kazakhstan

On Tuesday, Chevron (NYSE:CVX) and Shell (NYSE:SHEL) reportedly slashed oil and gas production at a major field in Kazakhstan.

International Business Times

Nigerian Monarch Takes On Oil Giant In Search Of Environmental Justice

Growing up in southern Nigeria during the 1970s, Bubaraye Dakolo would easily catch 20 kilograms of fish within minutes.

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Benzinga

Shell Commits To HI Gas Project In Nigeria, Targets 350Mcf/Day Output

Shell PLC (NYSE:SHEL) shares are trading lower premarket on Tuesday. The company announced that Shell Nigeria Exploration and Production Company Limited and Sunlink Energies and Resources Limited have approved the final investment decision for the HI gas project, located offshore in Nigeria.

Evening Standard

UK stocks spooked by new Trump threat of fresh tariffs on China

The US President said ‘countermeasures’ were possible as part of a dispute over critical minerals.

Benzinga

BP Scores Major Win Against Venture Global In LNG Dispute

Venture Global, Inc. (NYSE:VG) shares are tumbling premarket on Friday after a wholly-owned subsidiary of BP p.l.c. (NYSE:BP) won an arbitration against the company over its failure to supply liquefied natural gas.

Euronews

Fossil fuel companies claim to invest in renewables. But is it really helping the energy transition?

Fossil fuel companies are involved in very few renewable energy projects, a new report reveals.

Evening Standard

FTSE 100 flat as buyback boosts Imperial Brands

The FTSE 100 index closed up just 4.44 points at 9,483.58.

Benzinga

Shell Boosts LNG Production Forecast As Refining Margins Surge

Shell plc (NYSE:SHEL) shares were trading higher premarket on Tuesday after the company revised its third-quarter outlook.

The Independent UK

Shell takes £446m impairment from cancelled Dutch biofuels project

It came as the London-listed oil giant revealed a stronger performance in its oil and gas trading operation.

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