Solving the global energy trilemma – the need for secure, affordable, and low-carbon energy – will require fossil fuels and clean energy for years to come. Investment products rarely comingle fossil fuel and new energy […]
(Reuters) – Shell will keep oil output steady or slightly higher into 2030 as part of CEO Wael Sawan’s efforts to regain investor confidence as the energy giant wrestles with poor returns from renewables while […]
Earnings from existing oil and gas reserves can be used to fuel investment in new, clean energy solutions. Recent news that oil major ExxonMobil (XOM -0.39%) purchased drilling rights in the potentially lithium-rich Smackover formulation in Arkansas is more […]
Oil and gas giant Shell plans to sell its household energy supply businesses in the UK, Germany and the Netherlands, the company announced in a press release on Tuesday. After a five-month review of its […]
The oil company CEO was practically giddy, she was so excited about its record earnings. On a call with shareholders and analysts on March 31, Occidental Petroleum’s Vicki Hollub bragged that the century-old oil giant was […]
Last year was a great time to be in the oil business. Thanks to high prices topping $120 a barrel in June 2022, ExxonMobil made a record $62 billion in profits, and advanced seven spots […]
By Charles Kennedy of OilPrice.com, ExxonMobil and Chevron could gain access to Algeria’s vast natural gas resources as the U.S. supermajors are in advanced talks for exploration and production deals in the North African country, […]
BERLIN (AP) — A senior United Arab Emirates official says the Gulf nation wants the U.N. climate summit it’s hosting later this year to deliver “game-changing results” for international efforts to curb global warming, but doing so […]
TotalEnergies, operator of OML130 in Nigeria, announced the renewal of the production license on this block for 20 years. Courtesy of TotalEnergies Located 150 kilometers off the Nigerian coast, the OML130 block contains the prolific […]
OPEC Lambasts Anti-Oil Sentiment, Warns of Underinvestment – OPEC+ compliance with its collective targets keeps on worsening with the 19 members underperforming by 2.6 million b/d, just as the oil alliance prepares for its June […]
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