Australian fuel retailer and distributor Ampol Ltd. made a $1.4 billion takeover offer for New Zealand counterpart Z Energy Ltd. The non-binding indicative proposal is pitched at NZ$3.78 a share, Wellington-based Z Energy said Monday, valuing the company […]
ENB Publishers Note (ENB): The BBC posted this story about the challenge of going “Greener”. The problem is that we will need to mine so many rare earth minerals, that it will be as devastating […]
Offshore drilling rig contractors Transocean Ltd and Dolphin Drilling have made a new offer to buy the assets of stricken rival Seadrill Ltd, Dolphin’s chief executive said on Friday. Oslo-listed Seadrill, founded by Norwegian-born tycoon […]
Colorado’s biggest oil and gas producer appears on track to complete its dominance of the Denver-Julesburg (DJ) Basin before year’s end, the CEO of Bonanza Creek Energy Inc., soon to be Civitas Resources Inc., said earlier this […]
California, a state that has been aggressively weaning its power grid off of fossil fuels, is now working on adding several natural gas-fired plants in an effort to keep the lights on this summer. The California […]
OilPrice.Com As uncertainty over new Covid outbreaks combined with a strengthening U.S. dollar, oil prices came under pressure this week and are on course to finish the week 7 percent down. Friday, August 20th, 2021 […]
Now that he’s outlined tough new emissions requirements for carmakers, President Joe Biden is facing pressure to enact similarly stringent rules for big trucks still operating under standards that environmentalists say are too lax. Climate […]
Even the climate-conscious Biden administration supported ConocoPhillips’s $6 billion oil development on Alaska’s Northern Slope, but that couldn’t stop a judge from throwing it in limbo on environmental grounds. U.S. District Judge Sharon Gleason’s decision to rescind the […]
Texas’s oil regulator has a solution for those who fear the world is over-heating: “Turn the damn air conditioner up.” The sentiment was voiced at an energy conference Friday by Wayne Christian, a member of […]
Norway’s wealth fund says there are oil companies in its portfolio that “absolutely” aren’t doing enough to cut emissions, as the guidelines it operates by are reviewed to give climate risk greater prominence. Norges Bank […]
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