Highlights Q1 upstream output falls 14% on year despite OPEC+ easing Gas project ramp-up to help ease asset decline Sees market recovery, return to normal stock levels by year-end London Continue Reading
Last week, Chinese President Xi Jinping committed to reducing his country’s coal consumption beginning in 2026. That is later than many climate change activists had hoped, but it will still be Continue Reading
Exxon Mobil Corp. is being warned by activist hedge fund Engine No. 1 it faces an “existential business risk” by pinning its future on fossil fuels as governments move to slash emissions, the Continue Reading
Big Oil is shedding assets like a dog sheds its winter coat. In a rush to prove their emerging environmentally conscious credentials, the supermajors are pledging billions in low-carbon energy Continue Reading
Shell expects to have produced 75 percent of its current proved oil and gas reserves by 2030, and only around 3 percent after 2040, the supermajor said in its Energy Continue Reading
BP on Tuesday reported an oil discovery on Green Canyon Block 821. BP (NYSE: BP) on Tuesday reported an oil discovery at the Puma West prospect in the deepwater U.S. Continue Reading
Vitol, Shell and Exxon are all expected to announce profits in Q1 2021 following a turbulent 2020. The three companies are profiting from increased oil demand and a rise in Continue Reading
Royal Dutch Shell Plc said it expects to make the first profit from pumping oil since the start of the pandemic. Shell’s upstream unit, which largely handles the exploration and Continue Reading
It was a bleak moment for the oil industry. U.S. shale companies were failing by the dozen. Petrostates were on the brink of bankruptcy. Texas roughnecks and Kuwaiti princes alike Continue Reading
In some circles, the question is increasingly being raised whether, among the many victims of the COVID-19 virus, may be the large, multinational oil and gas companies. Indeed, the 2020 reductions Continue Reading
