Oil Majors: New Tech Will Save The Industry
Oil and gas is not a sunset industry, and low oil prices are not such bad news at all, BP’s chief of upstream operations, Bernard Looney, said recently. Although Looney Continue Reading
Why The Next Oil Boom Will Be Fueled By Blockchain
The world’s most important industry has been carrying on without any significant changes in its day to day routine for far too long. But now, the new tech on the Continue Reading
Total to keep probing risky oil and gas frontiers: upstream chief
Total will continue working at risk-prone frontiers such as Russia and Iran partly because they bring higher returns, but also hopes to expand in developed-world locations such as the US Continue Reading
Oil industry’s swagger takes knock from gas boom
The oil executives who control the world’s most traded commodity are usually the big draw at the annual International Petroleum Week conference. But this week, it could be the leaders Continue Reading
NYC Mayor Wants Big Oil Dead
New York City’s mayor Bill de Blasio threatened Big Oil with more lawsuits on the Bernie Sanders Show podcast, comparing the industry to the tobacco giants, saying they “systematically poisoned Continue Reading
Shell Bids a Long Goodbye to Middle Eastern Oil
Royal Dutch Shell RDS.B 1.35% PLC is giving up on its last oil fields in Iraq, leaving the world’s second-biggest oil company with a dwindling footprint in the Middle East—a Continue Reading
Should Big Oil Pay For Climate Change?
On Wednesday, New York City announced that it would sue the five oil majors—ExxonMobil, Chevron, ConocoPhillips, Royal Dutch Shell and BP—over their role in fueling climate change. Also, New York Continue Reading
To Fight Climate Change, New York City Takes On Oil Companies
Seeking to position himself as a national leader against climate change, Mayor Bill de Blasio on Wednesday announced a two-pronged attack against the fossil-fuel industry, including a vow that city Continue Reading
Shell, Barclays Detail Billions in Charges Related to U.S. Tax Changes
Royal Dutch Shell RDS.B -0.04% PLC and Barclays BCS 0.09% Bank PLC said they would take large charges attributable to the U.S. tax overhaul —joining a parade of global firms Continue Reading
Exxon ends restrictions on meeting shareholders
ExxonMobil, the world’s largest listed oil group, will allow shareholders to meet members of its board, as new chief executive Darren Woods moves to end restrictions that had vexed some Continue Reading