Shell Consultant Resigns, Accusing Company of Causing ‘Extreme Harm’ to Environment

Fourth EstateShell Tanker Truck | Nachoman-au

A senior safety consultant at Shell resigned on May 23 after 11 years, accusing the oil giant of causing “extreme harm” to the environment. In a public letter posted on her LinkedIn account, Caroline Dennett said that she could no …

Read more

Lithuania Announces Total Independence From Russian Oil

Fourth EstateEuropean Nord Pool markets | Ssolbergj

The Lithuanian government announced Saturday it had achieved total independence from Russian oil and energy sources. Minister of Energy Dainius Kreivys announced on Twitter that the government had cut off all Russian energy supply imports, including oil and natural gas. …

Read more

Peru Requests Extradition of Italian Captain for Oil Spill Investigation

Fourth EstateGiacomo Pisani, captain of the il tanker, Mare Doricum | FdA

Peruvian prosecutors said they had requested the extradition of the Italian captain of the Italian-flagged Mare Doricum oil tanker, accused of being responsible for the maneuvers that resulted in the spill of thousands of barrels of oil off the coast …

Read more

EU Reveals Plans to Stop Using Russian Gas

Fourth Estate"Russia" on a section of gas pipe on Nord Stream 2

The European Union (EU) announced a €210 billion ($220 billion) plan to wean Europe off Russian fossil fuels. The program titled “REPowerEU” was unveiled on Wednesday and intends to relieve Europe of Russian fossil fuels in 5 years and accelerate …

Read more

Azerbaijan Emerges As Hub For Transporting Goods To EU: Official

Fourth EstateRail cargo cars and containers in Azerhaijan

Azerbaijan said Tuesday that it has emerged as a hub for transporting goods to the European Union countries, and assured to work more to improve this supply chain. “We are not transporting goods to the EU countries only but also …

Read more

Peru Sues Repsol $4.5b Over Oil Spill

Vicente Ruiz GarciaRepsol Station - Vicente Ruiz Garcia

The Peruvian authorities sued Spanish energy company Repsol for $4.5 billion over a massive oil spill last January on the Peruvian coast. The National Institute for the Defense of Competition and Protection of Intellectual Property (INDECOPI) has sought $3 billion …

Read more

Sri Lanka Out of Petrol, Says Prime Minister

Fourth EstatePetrol Station in Sri Lanka is out of fuel and petrol

Sri Lanka has reportedly run out of petrol, according to its prime minister. Ranil Wickremesinghe, appointed prime minister, said in an address on Thursday that the island nation’s economy is in a precarious condition. “At the moment, we only have …

Read more

Saudi Aramco Overtakes Apple as Most Valuable Company

Fourth EstateSaudi Aramco signage

Saudi Aramco, officially known as the Saudi Arabian Oil Company, has overtaken Apple as the world’s most valuable company. Aramco’s recent report confirmed a total of $39.5 billion profit from January to March of 2022, an 82% jump from last …

Read more

Saudi Arabia Warns World Running Out Of Energy Capacity

Fourth EstateSaudi Aramco oil pipe lines, Jubail - Suresh Babunair

Saudi Arabia on Tuesday warned that the world is running out of energy capacity as prices of products from crude to diesel and natural gas trade are now multi-year high. Saudi’s Oil Minister, Abdulaziz bin Salman said that the world …

Read more