BP will leave three U.S. energy trade associations, including the main refining lobby group, the American Fuel and Petrochemical Manufacturers (AFPM), due to differences over climate policies, the UK-based oil Continue Reading
Some employees will be offered temporary assignments, with extended layoff dates potentially through the end of this year. Chevron Corp. will be launching a round of layoffs beginning April 6 Continue Reading
The investment will be used to deliver a pipeline of global projects to lower emissions from the oil and gas industry. Chevron Technology Ventures, the tech arm of Chevron Corp., Continue Reading
The biggest British petroleum producer just set one of the most ambitious climate goals of any major multinational oil-and-gas company. Now the pressure is on its American counterparts to do Continue Reading
The oil and gas majors are under huge pressure to show they are contributing to reducing carbon emissions. New BP CEO Bernard Looney says he “gets it,” and has set Continue Reading
Marathon Oil has budgeted $2.4 billion for this year in what it called disciplined total capital budget, which was 11 percent lower than what the company spent last year, Marathon Continue Reading
Last month, when global elites gathered in Davos, Switzerland for the World Economic Forum, climate change took center stage . While it’s unclear whether attendees came away with any concrete Continue Reading
Occidental Petroleum expects to book around US$1.7 billion in impairments and costs for the fourth quarter of 2019 when it reports results later this month, the company said on Tuesday, Continue Reading
BP’s oil and gas output is expected to decline “gradually over time” as it pursues a goal of becoming carbon neutral in its business overall and in the carbon content Continue Reading
BP said the deadly coronavirus outbreak could cut global oil demand growth by 40 percent this year, putting pressure on Opec producers and Russia to curb supplies to keep prices Continue Reading
