Where on Earth is big oil spending its $200b profit bonanza?

Where on Earth is big oil spending its $200b profit bonanza?
(Image: Getty)
The Economist
Towards the end of the second world war, Franklin D. Roosevelt attended a fateful gathering of world leaders that helped determine the course of geopolitics for decades. No, not the Yalta summit. Immediately after FDR, Churchill and Stalin had carved up the world into spheres of influence, the American president slipped away on to an American naval vessel to meet quietly with Abdul Aziz ibn Saud, king of Saudi Arabia. In return for protection of the Sauds’ sovereignty in the Holy Land, the monarch agreed to grant American oil fi...

More Energy

TAG Oil sells more NZ assets
Energy

TAG Oil sells more NZ assets

TAG stopped operating in NZ in 2019.

John Anthony 24 Apr 2025
Energy uncertainty and costs banding businesses together
Energy

Energy uncertainty and costs banding businesses together

There is new interest in power purchase agreements.

Ian Llewellyn 24 Apr 2025
Transpower cautious over hydro lake level rule changes
Markets

Transpower cautious over hydro lake level rule changes

Transpower can authorise hydro lakes to dip further.

Ian Llewellyn 23 Apr 2025
Lodestone Energy raises another $50 million
News in Brief

Lodestone Energy raises another $50 million

Unlisted Lodestone Energy says it has raised another $50 million from existing shareholders and new investors to fund more solar farms.This would add to the $50 million development fund it raised in 2024, the company said.“These funds will enable Lodestone to maintain their momen...

Staff reporters 23 Apr 2025