According to Bloomberg Green's recent analysis, Tesla CEO Elon Musk is the richest of the billionaires who made his fortune with green tech.

The UK’s North Sea oil rigs release as much carbon dioxide as a coal-fired power plant every year by deliberately burning unwanted gas into the atmosphere as giant flares, according to research. A report has revealed that almost 20m tonnes of CO2 was released into the atmosphere in the five years to the end of ... The post UK North Sea oil rigs release as much CO2 as coal-fired power station – study first appeared on Hellenic Shipping News Worldwide.

The military coup in Myanmar threatens to disrupt energy investment in the country’s oil, gas and power sectors as companies assess the risk of operating amid heightened political uncertainty and the potential for renewed international sanctions. A curtailment of energy investment would slow the pace at which Myanmar, one of Asia’s poorest nations, is attempting ... The post Myanmar coup could derail billions in oil and gas investment, stall energy projects first appeared on Hellenic Shipping News Worldwide.

Exxon Mobil Corporation today announced an estimated fourth quarter 2020 loss of $20.1 billion, or $4.70 per share assuming dilution. Fourth quarter capital and exploration expenditures were $4.8 billion, bringing full-year spending to $21.4 billion, $9.8 billion lower than the prior year. Fourth Quarter and Full-Year 2020 Results Fourth quarter loss of $20.1 billion included ... The post ExxonMobil reports results for fourth quarter 2020 and provides perspective on forward plans first appeared on Hellenic Shipping News Worldwide.

Oil prices rose more than 2% on Tuesday, reaching their highest in 12 months after major producers showed they were reining in output roughly in line with their commitments. The global and U.S. crude benchmarks rallied as optimism about more U.S. economic stimulus added to market bullishness from supply cuts. Brent crude was up $1.14, ... The post Oil jumps 2%, hits highest in a year as producers limit supply first appeared on Hellenic Shipping News Worldwide.