Royal Dutch Shell is betting on its expertise in power trading and rapid growth in hydrogen and biofuels markets as it shifts away from oil, rather than joining rivals in a scramble for renewable power assets, company sources […]
The chief executives of Exxon Mobil Corp. XOM -2.65% and Chevron Corp. CVX -4.29% spoke about combining the oil giants after the pandemic shook the world last year, according to people familiar with the talks, testing the waters for what could be one of the […]
ENB Publishers Note: Early thoughts – high price for only 9,000 BOEPD but with large available drillable sites left, this deal looks to be a gamble on lease costs going up over the next few […]
Saudi Crown Prince Mohammed bin Salman said Thursday the kingdom will sell more shares of energy giant Aramco in the coming years, following the world’s biggest public listing in 2019. “There will be Aramco share […]
American oil executives began a pushback against some of President Joe Biden’s climate policies by making the case that fossil fuels from U.S. shale have a lower carbon footprint than imports. Since taking office this […]
Biden has ordered the federal government to buy electric vehicles made in America with union labor. There’s just one problem: No such vehicles exist. Tesla Inc., the leading U.S. electric vehicle manufacturer, has several American-made […]
Singapore’s sovereign wealth fund, GIC, agreed to buy a $2.05 billion minority stake in a Duke Energy Corp. unit, allowing the utility to forgo a planned equity raise as power companies nationwide prioritize renewable-energy development. Selling a 19.9% stake […]
Biden’s one-year moratorium on new leases for fossil fuel extraction from federal lands and waters will have a minimal, short-term impact on oil and gas companies that long anticipated such a move. But if the […]
London — Global oil demand will rebound by more than 6 million b/d in 2021 and return to 2019 levels a year later despite the sharp acceleration in COVID-19 infections and new lockdowns which have hit energy consumption […]
Energy News Beat Publishers Note: This is one of the biggest stories that could impact world oil supply, and subsequently prices. With the Biden administration selecting the original negotiator for the Iran Nuclear deal, Iran […]
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