Post Tagged with: "oil and gas projects"

Source: Reuters

EXCLUSIVE Dutch bank ING ends financing for new oil and gas projects


LONDON – ING Groep NV will no longer finance new oil and gas projects, its energy chief said, one of the first major global banks to commit to such a step in the fight against climate change.

The move …

Source: World Oil

UK says oil and gas projects can comply with new net-zero rules

World Oil

(Bloomberg) –The UK proposed a series of climate change tests to determine whether new oil and gas fields can be built off its shores, but said its net-zero pledge doesn’t require the industry to be shut down.

New …

Source: Reuters

Coronavirus creates repair headache for oil and gas industry


MOSCOW/LAGOS/LONDON – The coronavirus pandemic has disrupted maintenance at oil and gas projects and refineries from Russia’s Far East to the coast of Canada, storing up problems for an industry already reeling from slumping prices, analysts say.

Lockdowns to …