Venezuela’s navy has taken custody of two Guyanese fishing boats in the latest flare-up of a protracted border dispute that encompasses oil-rich deepwater acreage. The Venezuelan foreign ministry today refuted yesterday’s statement from Guyana alleging […]
OBSIDIAN ENERGY LTD. (TSX: OBE), (OTCQX: OBELF) (“Obsidian Energy” or the “Company“) today announced that it has extended the expiry of its offer (the “Offer“) to purchase all of the issued and outstanding common shares (the […]
Nothing escapes the winds of change now sweeping through BP, not even the exploration team that for more than a century powered its profits by discovering billions of barrels of oil. Its geologists, engineers and scientists have […]
A new, broad measure of ‘energy transition investment’, compiled by BloombergNEF (BNEF), shows that the world committed a record $501.3 billion to decarbonization in 2020, beating the previous year by 9% despite the economic disruption […]
The green energy revolution is well and truly underway. Renewables have proven to be highly resilient, emerging as the only energy sector to record any kind of growth at a time when the traditional energy […]
With the U.S. campaign of “maximum pressure” now over, Iran’s oil customers may be growing a little bolder. Iranian crude remains subject to American sanctions and exports are still just a fraction of levels seen […]
Hours after taking office, President Joe Biden made good on a campaign promise to cancel the Keystone XL oil pipeline. Later that day his Interior Department mandated that only top agency leaders could approve new […]
The European Union plans to use its diplomatic and economic muscle to accelerate global energy transition away from fossil fuels, as the bloc aligns its foreign and security policy with its ambitious climate objectives. “EU energy diplomacy […]
Total SE has had the fastest start in the race between oil supermajors to achieve net-zero carbon emissions. Europe’s three largest oil and gas companies — Total, BP Plc and Royal Dutch Shell Plc — all announced plans last year to […]
Covid-19 is destroying the market for supertankers that deliver about a fifth of the world’s crude oil. The result is likely to be booming trade on the beaches of Bangladesh, India and Pakistan, where obsolete […]
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