6 h. ago Inside Russia’s Gazprom: can the ailing energy giant be revived?

The gas and oil company is struggling to recover from record losses after Putin’s full-scale invasion of Ukraine destroyed its business model

Politics

9 h. ago Biden administration lacked the authority to cancel oil and gas leases in Alaska refuge, judge rules

A federal judge in Alaska has ruled that the Biden administration lacked the authority to cancel seven oil and gas leases that had been issued for the Arctic National Wildlife Refuge

Events

23 h. ago Nigel Slater’s recipe for brown butter and chocolate chip friands

Delicious little cakes, made with ground hazelnuts rather than almonds Set the oven at 200/gas mark 6. Lightly butter or oil 12 shallow bun tins.Melt 180g of butter in a small pan over a moderate heat. Watch carefully as the butter first froths and then calms down and starts to turn deep gold. Once the butter becomes walnut coloured and smells nutty and toasted, remove immediately from the heat and set aside. Continue reading...

Politics

27 h. ago Tesla’s EU sales almost halve this year; Hyundai announces $21bn US investment to avoid tariffs – business live

Rolling coverage of the latest economic and financial newsShell chief executive Wael Sawan’s pay package rose by 8.5% last year, to £8.6m, attracting criticism from environmental campaigners.Sawan’s pay rose from £7.9m in 2023, Shell’s annual report shows this morning, due to increased bonus payments such as through its long-term incentive plan.“After a year of unchartered climate extremes and huge energy bills, which are set to spike again in many countries this year, Wael Sawan’s obscene pay packet will feel like a slap in the face for millions.“It’s maddening to know that Big Oil bosses like Sawan are raking it in, as they double down on the oil and gas that’s fuelling climate devastation, and continue to profit from an energy crisis that’s leaving so many of us poorer.” Continue reading...

Economics

35 h. ago Half of UK oil and gas demand can be produced at home, says industry body

North Sea could produce an extra 2bn to 3bn barrels with ‘right’ levers, forecasts Offshore Energies UK

Society

35 h. ago North Sea could produce half of all UK oil and gas in run up to 2050 – report

Industry body Offshore Energies UK made the claim in a new report.

Politics

39 h. ago Trump says he'll put a 25% tariff on countries that buy Venezuelan oil, though the US does so itself

President Donald Trump says he will place a 25% tariff on all imports from any country that buys oil or gas from Venezuela

Politics

43 h. ago Trump to impose 25% tariff on countries that buy oil and gas from Venezuela – US politics live

President announces ‘secondary tariff’ amid baseless claim that Venezuela is sending criminals to the US Donald Trump’s forceful attack on the American judiciary hits the appeals court today for a high-stakes hearing over the president’s controversial use of wartime powers to deport foreign migrants.Politico reports that the Trump administration will urge a three-member appeals panel to overturn federal judge James Boasberg’s temporary restraining order blocking use of the 1798 Alien Enemies Act to deport planeloads of migrants without due process. Justice Department lawyers will also demand Boasberg be thrown off the case following a ferocious weeklong effort to publicly discredit him led by the president himself. The hearing starts in Washington at 1.30pm ET, each side will be allocated 30 minutes to make their case. Continue reading...

Politics

5 d. ago Greenpeace loss will embolden big oil and gas to pursue protesters: ‘No one will feel safe’

As Trump pushes ‘drill, baby, drill’ agenda, Greenpeace verdict offers startling outlook for environmental activismA pipeline company’s victory in court over Greenpeace, and the huge damages it now faces, will encourage other oil and gas companies to legally pursue environmental protesters at a time when Donald Trump’s energy agenda is in ascendancy, experts have warned.On Wednesday a North Dakota jury ruled that three Greenpeace entities collectively must pay Energy Transfer, which was co-founded by a prominent Trump donor, more than $660m, deciding that the organizations were liable for defamation and other claims after a five-week trial in Mandan, near where the Dakota Access pipeline protests occurred in 2016 and 2017. Continue reading...

Events

6 d. ago Greenpeace must pay at least $660m over Dakota pipeline protests, says jury

Non-profit, which will appeal decision, says lawsuits like this are aimed at ‘destroying the right to peaceful protest’A jury in North Dakota has decided that the environmental group Greenpeace must pay hundreds of millions of dollars to the pipeline company Energy Transfer and is liable for defamation and other claims over protests in the state nearly a decade ago.Energy Transfer Partners, a Dallas-based oil and gas company worth almost $70bn, had sued Greenpeace, alleging defamation and orchestrating criminal behavior by protesters at the Dakota Access pipeline in 2016 and 2017, claiming the organization “incited” people to protest by using a “misinformation campaign”. Continue reading...

Economics

6 d. ago Greenpeace must pay hundreds of millions over Dakota pipeline protests, says jury

Non-profit said in statement lawsuits like this aimed at ‘destroying the right to peaceful protest’A jury in North Dakota has decided that the environmental group Greenpeace must pay hundreds of millions of dollars to the pipeline company Energy Transfer and is liable over defamation and other claims over protests in the state nearly a decade ago.Energy Transfer Partners, a Dallas-based oil and gas company worth almost $70bn, had sued Greenpeace for $300m defamation and orchestrating criminal behavior by protesters at the Dakota Access pipeline in 2016 and 2017, claiming the organization “incited” people to protest by using a “misinformation campaign”. Continue reading...

Economics

9 d. ago Line 5, a Trump donor, is profiting off a pipeline deal threatening pollution

Trump administration accused of ‘quid pro quo’ for fast-tracking controversial fossil fuel proposal in MichiganDonald Trump’s administration is being accused by activists of a quid pro quo as it attempts to fast-track a controversial fossil fuel pipeline proposal in Michigan that would in part be built by a donor with deep financial ties to the president.While Canadian oil giant Enbridge owns the Line 5 oil and gas pipeline that it is attempting to replace in the Great Lakes region, the contractor is Tim Barnard, who, along with his wife, gave $1m to Trump’s campaign last year, Federal Election Commission records show. Continue reading...

Economics

1 week ago City fears recession after shock 0.1% fall in GDP in January

Manufacturing and North Sea oil and gas production see big falls in output

Events

1 week ago Reeves suffers major setback from surprise 0.2% fall in GDP in January

Manufacturing and North Sea oil and gas production see big falls in output

Politics

1 week ago Jobs at risk unless demand for electric vehicles is raised, industry body warns

Mike Hawes, of the Society of Motor Manufacturers and Traders, warned of the danger of ‘de-industrialisation’.

Events

1 week ago JD Vance eyeliner accusations are back — and the internet is having a laugh: ‘Maybelline called!’

‘Maybelline called and said they’ve had to ramp up eyeliner production to keep up with JD Vance’s demand,’ one critic mocked

Politics

1 week ago US energy industry’s climate retreat is putting profits over people, advocates say

Oil giants retreat on climate pledges, embrace Trump-era fossil fuel policies at CERAWeek in TexasAt a major oil and gas conference in Texas this week, companies publicly retreated from their flashy climate pledges of years past, redoubling their commitment to planet-warming fossil fuels.The withdrawals illustrate the companies’ allegiance not to ordinary Americans, but to their shareholders and the climate-skeptical Trump administration, advocates said. Continue reading...

Politics

2 w. ago Trump’s ‘drill, baby, drill’ agenda could keep the world hooked on oil and gas

The US president is making energy deals with Japan and Ukraine, and in Africa has even touted resurrecting coalDonald Trump’s repeated mantra of “drill, baby, drill” demands that more oil and gas be extracted in the United States, but the president has set his sights on an even broader goal: keeping the world hooked on planet-heating fossil fuels for as long as possible.In deals being formulated with countries such as Japan and Ukraine, Trump is using US leverage in tariffs and military aid to bolster the flow of oil and gas around the world. In Africa, his administration has even touted the resurrection of coal, the dirtiest of all fossil fuels, to bring energy to the continent. Continue reading...

Politics

2 w. ago Diary of a beauty editor: the best treatments and products I've discovered in London this week

Busy lives in the capital demand a certain type of product. Madeleine Spencer on what has kept her looking polished this week

Politics

2 w. ago Trump orders likely to drive species’ extinction, wildlife advocates warn

In addition to layoffs and hiring freezes, a ‘God squad’ can effectively veto ESA protections for endangered speciesDonald Trump’s administration, backed by House Republicans and Elon Musk’s Doge agency, are carrying out an attack on the Endangered Species Act (ESA) and federal wildlife agencies that, if successful, will almost certainly drive numerous species into extinction, environmental advocates warn.The three-pronged attack is designed to freeze endangered wildlife protections to more quickly push through oil, gas and development projects, opponents say. Continue reading...

Events