Oil giants drill deep as profits trump climate concerns/in /by
<p><img src="https://biz-file.com/c/2307/704376-208x117.jpg?5" width=208 height=117 alt="Offshore drilling platforms (rear) stand together at a dock yard near Singapore port. 2015. Source: Reuters/Tim Wimborne" align="left"><br><span >Offshore drilling platforms (rear) stand together at a dock yard near Singapore port. 2015. Source: Reuters/Tim Wimborne&lt;/span><p>Oil and gas companies have intensified the hunt for new deposits in a long-term bet on demand, as they reinvest some of the record profits from the fossil fuel price surge driven by the Ukraine war, according to data and industry executives.</p><br> <a href="https://www.bizcommunity.com//Article/1/834/239829.html">Read more...</a> | <a href="https://www.bizcommunity.com//SendToFriend.aspx?l=1&c=834&ct=1&ci=239829">Send to a friend</a></p><div style="clear:left"></div>
De Beers agrees to give Botswana more rough diamonds in new sales pact/in /by
<p><img src="https://biz-file.com/c/2307/704320-208x117.jpg?5" width=208 height=117 alt="Haul trucks at Jwaneng diamond mine. Source: Debswana.com" align="left"><br><span >Haul trucks at Jwaneng diamond mine. Source: Debswana.com&lt;/span><p>Botswana and De Beers Group have agreed a new diamond sales deal in which the African country, the world's leading diamond producer by value, gradually increases the share of rough stones it gets from their joint venture Debswana over the next decade to 50%, the government and the mining company said on Saturday, 1 July.</p><br> <a href="https://www.bizcommunity.com//Article/29/608/239814.html">Read more...</a> | <a href="https://www.bizcommunity.com//SendToFriend.aspx?l=29&c=608&ct=1&ci=239814">Send to a friend</a></p><div style="clear:left"></div>
TotalEnergies faces second lawsuit over Uganda oil projects/in /by
<p><img src="https://biz-file.com/c/2306/703635-208x117.jpg?2" width=208 height=117 alt="File photo: The logo of French oil and gas company TotalEnergies is seen on an oil tank at TotalEnergies fuel depot in Mardyck near Dunkirk, France, 16 January 2023. Reuters/Benoit Tessier/File Photo" align="left"><br><span >File photo: The logo of French oil and gas company TotalEnergies is seen on an oil tank at TotalEnergies fuel depot in Mardyck near Dunkirk, France, 16 January 2023. Reuters/Benoit Tessier/File Photo&lt;/span><p>Five activist groups have sued French oil major TotalEnergies for a second time over its projects in Uganda and Tanzania in a Paris civil court, they said on Tuesday, 27 June 2023, after an earlier fast-track attempt was dismissed in February.</p><br> <a href="https://www.bizcommunity.com//Article/220/638/239642.html">Read more...</a> | <a href="https://www.bizcommunity.com//SendToFriend.aspx?l=220&c=638&ct=1&ci=239642">Send to a friend</a></p><div style="clear:left"></div>