HOUSTON (Reuters) – Financial details of Shell’s vast oil and gas trading business are some of the company’s closest-held secrets. Documents in a lawsuit filed by a former employee, however, revealed its U.S. crude trading […]
UK-based International Group of P&I Clubs, a global insurance company, says a growing shadow fleet is making it less and less viable to police the G7 price cap on Russian oil, Bloomberg News reports, citing […]
As India is set to become the world’s largest oil demand growth driver in the coming years, Indian state-owned refiner Chennai Petroleum Corporation Limited (CPCL) plans to commission a new refinery two years later than […]
Aside from the Dali containership still pinned to a riverbed in Baltimore, the Andromeda Star could lay claim to being the most infamous ship of the year to date. The tanker (pictured), which was involved […]
Size usually matters in oil and gas. Eight of the sector’s biggest companies feature in WoodMac’s benchmarking analysis – the five Supermajors and Saudi Aramco, ADNOC and Qatar Energy. These Middle East NOCs are stepping beyond their […]
Exxon is working on direct air capture technology to remove carbon dioxide emissions from the atmosphere as a tool to address climate change. Exxon CEO Darren Woods said the technology is currently unaffordable, with CO2 […]
Ukrainian military planners have been ramping up Kamikaze drone strikes against the Russian energy industrial complex this week, including an overnight attack damaging an oil refinery as Western sanctions fail to crush Putin’s oil-rich economy that funds […]
Weekly Daily Standup Top Stories 3 offshore wind projects nixed in New York April 19, 2024 Stu Turley New York canceled power contracts for three offshore wind projects Friday, citing a turbine maker’s plans to scrap […]
Biden’s top officials have pleaded with Kyiv to stop attacks on Russia’s energy infrastructure. A source in the Ukrainian defense sector confirmed to AFP on Wednesday that Ukrainian drones had carried out attacks on oil […]
Exxon Mobil on Friday reported first-quarter earnings that missed expectations as the industry came under pressure from eroding refining margins and collapsing natural gas prices. Exxon’s stock is down more than 3%. Here is what Exxon reported for […]
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