bp has disclosed its financial performance for the first quarter of 2024. The energy giant reported an underlying profit of $2.7 billion (£2.1bn), which fell short of analyst predictions by a slight margin. This figure […]
North Sea oil drilling is set to persist for years beyond Britain‘s net zero deadline, with officials granting approval for 31 new licences for oil and gas exploration. These licences, allocated to fossil fuel companies, […]
Giant Chevron and mid-cap Cheniere have said they are bullish on natural gas demand, which Chevron CEO Mike Wirth says he expects to beat expectations due to surging electricity consumption from big tech. Speaking to […]
The International Energy Agency (IEA) recommends leaving new oil discoveries in the ground to achieve global climate aims. African and Caribbean nations face pressure to choose between economic development and climate action. Developing countries need […]
The government is set to make a significant announcement this Friday, granting permission for fossil fuel companies to explore for oil and gas beneath offshore wind-power sites. The move, disclosed by the North Sea Transition […]
(WO) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, has released a new report highlighting the organization’s view that it does not expect global oil demand to peak or plateau by the end of […]
Lawsuits targeting fossil fuel companies over climate damage have increased, with allegations ranging from violations of state laws to demands for reparations and criminal charges. Indigenous communities worldwide have achieved victories in halting oil and […]
The Biden FTC’s approval of the Exxon-Pioneer deal comes amidst scrutiny from lawmakers concerned about energy price increases. Exxon pledges to lower production costs and achieve net-zero emissions from Pioneer operations by 2035. Approval of […]
Petróleo Brasileiro SA has signed a memorandum of understanding with the government of Rio Grande do Norte to explore the feasibility of a pilot offshore wind project in the state. Rio Grande do Norte will […]
Operators drilling for oil in Texas are scrambling to dispose of excess natural gas amid a supply glut and weak prices, prompting a sharp rise in flaring requests. The Railroad Commission of Texas (RRC), which […]
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