petroleum – Page 4 – Desdemona Despair

Quarterly profits of five major oil companies in the West, 2018-2022 in billions of U.S. dollars. Data for Shell, BP, Chevron, Exxon, and Total Energies are shown. In Q3 2022, global energy giants including Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) posted another round of huge quarterly profits, benefiting from surging natural gas and fuel prices that have boosted inflation around the world and led to fresh calls to further tax the sector. Four of the five largest global oil companies have now reported results, combining for nearly $50 billion in net income, lifted by tight global markets and disruption following Moscow’s invasion of Ukraine. Graphic: Reuters

October 29, 2022

Oil giants’ massive profits revive calls for windfall taxes – “The Russian war in Ukraine has changed the energy markets, reduced energy availability and increased prices”

By Sabrina Valle and Ron Bousso 28 October 2022 (Reuters) – Global energy giants including Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) posted another round of huge quarterly profits, benefiting from surging natural gas and fuel prices that have boosted inflation around the world and led to fresh calls to further tax the sector. Four of the five […]

Methane plume from a coal vent over Marcellus shale in Pennsylvania. Graphic: Carbon Mapper

September 18, 2022

Study finds super-emitters responsible for nearly 40 percent of methane emissions in five U.S. basins – “These findings drive home the need for swift action to advance strong methane rules in the U.S.”

PASADENA, 13 September 2022 (JPL) – A study released today by Carbon Mapper, University of Arizona, NASA’s Jet Propulsion Laboratory (JPL), Arizona State University, and Environmental Defense Fund (EDF) shows that strong methane point sources contribute an average of 40% of total emissions across multiple basins in the U.S., revealing that a small number of […]

Electricity fed into the German power grid from conventional and renewable sources (percent) in 2021 and 2022. Graphic: Destatis

September 18, 2022

Germany generates almost one-third of its electricity from coal as it replaces Russian gas before winter – Coal-generated electricity up 17 percent in 2022 on the same period in 2021

By Zahra Tayeb 8 September 2022 (Insider) – Germany is relying more on coal to generate electricity, as Russian gas cuts force the country to seek alternative sources of fuel before winter. The European nation produced 82.6 kilowatt-hours of electricity from coal-fired power plants in the first six months of 2022, a 17.2% rise from […]

A sea turtle tries to eat a plastic cup: consumer items such as food containers make up the largest share of litter origins, according to a study published in the journal Nature Sustainability and funded by the BBVA Foundation and Spanish science ministry. The study concluded: “In terms of litter origins, take-out consumer items – mainly plastic bags and wrappers, food containers and cutlery, plastic and glass bottles, and cans – made up the largest share.” Photograph: Paulo Oliveira / Alamy Stock Photo

September 5, 2022

Plastic certificates: Greenwashing or a step to climate neutrality? – “It’s quite misleading for a company to make a claim like ‘plastic neutral’ when you could still find their products in nature”

By Tim Schauenberg 5 September 2022 (DW) – Plastic waste and microplastics are everywhere. On Mount Everest, in Arctic ice and the deepest ocean trenches, in the stomachs of animals, in our food, drinking water and even our blood. Such ubiquity is a reflection of how much plastic we make, which is now 200 times more than back […]

September 3, 2022

Scientists detect second “vast” methane leak at Pemex oil field in Mexico – “It’s really alarming what is happening. Pemex should be stripped of its rights to operate it.”

MEXICO CITY, 2 September 2022 (Reuters) – Satellites recorded another large methane leak at an offshore platform belonging to Mexico’s Pemex in August, according to exclusive data shared with Reuters, even as pressure mounts on the state oil company to reduce these emissions. Three satellites recorded images of methane plumes at the Ku-Maloob-Zaap oil field […]

Change in primary energy by fuel, 2007-2021. Primary energy in 2021 grew by its largest amount in history, with emerging economies accounting for most of the increase. Primary energy grew by 31 exajoules (EJ) in 2021, the largest increase in history and more than reversing the sharp decline seen in 2020. Primary energy in 2021 was 8 EJ above 2019 levels. The increase in primary energy in 2021 was driven by emerging economies, which increased by 13 EJ, with China expanding by 10 EJ. Taking 2020 and 2021 together, primary energy consumption in emerging economies increased by 15 EJ, largely reflecting growth in China (13 EJ). In contrast, energy demand in developed economies in 2021 was 7 EJ below 2019 levels. The increase in primary energy between 2019 and 2021 was entirely driven by renewable energy sources. The level of fossil fuel energy consumption was unchanged between 2019 and 2021, with lower oil demand (-8 EJ) offset by higher natural gas (5 EJ) and coal (3 EJ) consumption. Graphic: BP

June 28, 2022

BP Statistical Review of World Energy 2022: Carbon emissions rebound after pandemic dip – Coal prices surge – “The world remains on an unsustainable path”

By Spencer Dale 28 June 2022 (BP) – The challenges and uncertainties facing the global energy system are at their greatest for almost 50 years, at the time of the last great energy shocks of the 1970s. Most immediate is the impact of the terrible events taking place in Ukraine, with its tragic toll on […]

Fires burn and smoke pours into the night sky at the scene of an explosion at an illegal crude oil bunkering site at Abaezi forest, in Ohaji-Egbema Local Government Area of Imo state, Nigeria, 23 April 2022. More than 100 people lost their lives. Photo: REUTERS

April 24, 2022

“National disaster”: Blast at illegal Nigerian oil refinery kills more than 100 people – Nigerian President vows to clamp down on illegal refineries after “catastrophe”

YENAGAO, Nigeria, April 24 (Reuters) – Charred bodies were left scattered among burnt palms, cars and vans on Sunday after a weekend explosion which killed more than 100 people at an illegal oil refining depot on the border of Nigeria’s Rivers and Imo states. Flip flops, bags, and clothing belonging to those who died littered […]

ITV Host Richard Madeley and student activist Miranda Whelehan on “Good Morning Britain” on Monday, 11 April 2022. Whelehan was there on behalf of “Just Stop Oil”, an activist group that has been engaging in direct action by blockading oil terminals and demanding that the UK government ends all new oil licenses, exploration, and consent in the North Sea. Madeley, the host, criticized the group by saying, “But you’d accept, wouldn’t you, that it’s a very complicated discussion to be had, it’s a very complicated thing. And this ‘Just Stop Oil’ slogan is very playground-ish isn’t it? It’s very Vicky Pollard, quite childish.” Observers were quick to point out the parallels with the film “Don’t Look Up”. Photo: ITV

April 18, 2022

Miranda Whelehan: I went on TV to explain “Just Stop Oil” – and it became a parody of “Don’t Look Up”

By Miranda Whelehan 13 April 2022 (The Guardian) – I hadn’t seen the 2021 satirical film Don’t Look Up when I went on Good Morning Britain on Tuesday. I was there on behalf of Just Stop Oil – a group that has been engaging in direct action by blockading oil terminals. We’re demanding that the UK government ends all new oil […]

Monthly mean atmospheric methane abundance, 1983-2021. The globally-averaged, monthly mean atmospheric methane abundance is determined from marine surface sites. Values for 2021 are preliminary. Graphic: NOAA Global Monitoring Laboratory

April 14, 2022

Increase in atmospheric methane set another record during 2021 – Carbon dioxide levels also record a big jump – “The evidence is consistent, alarming, and undeniable”

7 April 2022 (NOAA) – For the second year in a row, NOAA scientists observed a record annual increase in atmospheric levels of methane, a powerful, heat-trapping greenhouse gas that’s the second biggest contributor to human-caused global warming after carbon dioxide. NOAA’s preliminary analysis showed the annual increase in atmospheric methane during 2021 was 17 […]

Global net anthropogenic greenhouse gas emissions projected to 2050. Projected global GHG emissions from Nationally Determined Contribution (NDCs) announced prior to COP26 would make it likely that warming will exceed 1.5°C and also make it harder after 2030 to limit warming to below 2°C. Graphic: IPCC

April 5, 2022

Amid backsliding on climate, the renewables effort now must be tripled – “A litany of broken climate promises”

By António Guterres 4 April 2022 (The Washington Post) – A report released Monday by the Intergovernmental Panel on Climate Change is a litany of broken climate promises. Together with the IPCC’s previous two reports on physical science and adaptation in the past year, it reveals the yawning gap between climate pledges and reality. And the reality is that we are […]