CAPE TOWN, Oct 2 (Reuters) – South Africa’s environment ministry has given the go-ahead for TotalEnergies (TTEF.PA) to drill offshore for gas and oil, after rejecting an appeal from more than a dozen individuals and lobby groups […]
OPEC Secretary-General Haitham Al-Ghais warned that energy prices could spike due to underinvestment. At least $12 trillion needs to be invested in the industry through 2045, he told CNN. “By underinvesting, we are actually endangering […]
The recent oil price rally has been driven, in large part, by Saudi Arabia’s and Russia’s efforts to cut supply to the global crude market. Both China and the West are negatively impacted by high […]
(Bloomberg) – Petroleo Brasileiro SA received a permit to research oil in a promising offshore region in Brazil’s Northeast as the energy giant seeks to open up new basins to expand production. Brazil’s top environmental […]
(Bloomberg) – U.S. crude oil production reached the second-highest level on record in July as output from Texas’s Permian basin soared to an all-time high. The nation’s production rose to 12.991 MMbpd, the highest since […]
Fred Holmes watches with satisfaction as pumps pull oil from deep under his California farm, tapping a supply he thinks could last another century. But he knows the state’s ambitious environmental policies will put an […]
A firm founded by Rishi Sunak’s father-in-law signed a billion-dollar deal with BP two months before the prime minister opened hundreds of new licences for oil and gas extraction in the North Sea. In May, the Times of […]
(WO) – Talos Energy Inc. and its Mexican subsidiary announced the closing of the sale of a 49.9% interest in Talos Mexico to Zamajal, S. A. de C.V., a wholly-owned subsidiary of Grupo Carso (“Carso”). […]
Tens of thousands of climate protesters who filled Midtown Manhattan last week directed their anger at President Biden, who has done more to combat climate change than any of his predecessors. But in their view, […]
U.S. oil prices soared Wednesday to their highest level in more than a year. Most frackers plan to stay on the sidelines. Surging global demand coupled with output cuts by Saudi Arabia and Russia have sent crude […]
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