The US oil price fell more than six percent on Monday, a day after Saudi Arabia and the UAE reaching an agreement to increase output. With surging Covid cases threatening economic recovery, stock markets slumped. […]
Venezuela is returning to the geopolitical stage after months out of the limelight. President Nicolas Maduro’s government and his political opponents are preparing to restart negotiations to establish credible conditions for state and local elections […]
Energy News Beat Publishers Note (ENB): Those five LNG companies — Exxon Mobil, Royal Dutch Shell, TotalEnergies, and ConocoPhillips, which are part of Qatar’s existing LNG production were joined by new entrants Chevron and Italy’s […]
The industry group representing oil and gas companies including Exxon Mobil Corp and Chevron Corp said on Thursday it supports a carbon price as one measure to mitigate climate change risk. Oil and gas trade group the American Petroleum Institute (API) […]
n more than five years since the world agreed to limit warming temperatures, banks have poured more than $3.6 trillion into fossil fuel—almost three times more than total bonds and loans backing green projects, according […]
Australian independent Woodside Petroleum is exiting its 50pc interest in the proposed 21.2mn t/yr Kitimat LNG project in Canada’s British Columbia, which is expected to weigh between $40mn-60mn on the firm’s expected 2021 profit. Chevron, […]
The year 2020 was a watershed moment for the fossil fuel sector. Faced with a global pandemic, severe demand shocks, and a shift towards renewable energy, experts warned that nearly $900 billion worth of reserves–or […]
NEW YORK: The industry group representing oil and gas companies including Exxon Mobil Corp and Chevron Corp said on Thursday it supports a carbon price as one measure to mitigate climate change risk. Oil and gas trade group the American […]
Major oil producers, for decades the natural resource industry’s top earners, are being eclipsed by once-smaller mining peers who are churning out record profits thanks to red-hot metals markets. The mining windfall is the latest […]
Chevron Corp ’s first-quarter profit fell 29% compared with the same period a year ago as gains from oil and gas prices were undercut by weaker refining margins, production losses and the impact of an asset […]
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