Enbridge Inc.’s proposal to keep its massive Mainline oil pipeline network full through long-term contracts was rejected by Canada’s top energy regulator in a win for some producers who want more flexibility to ship their […]
BP CEO has told CNBC that hydrocarbons such as oil and gas will have an ongoing role to play in the energy mix for years. “It may not be popular to say that oil and […]
All five oil and gas supermajors are looking to boost capital spending in 2022. Despite some of Big Oil reporting strongest earnings in years and record cash flows, capital discipline remains a key pillar of […]
U.S. antitrust regulators have extended the approval process for at least five oil and gas mergers and acquisitions in the last three months, as President Joe Biden’s administration scrutinizes deals in a bid to tackle […]
With its chimneys towering 200 meters above the industrial heartland of England, West Burton A power station is a relic of the fossil fuel age. When fired up, its boilers burn thousands of tonnes of […]
Five days after Hurricane Ida slammed into Louisiana, the true damage to the region’s energy infrastructure is only now starting to come to light. The challenges for companies to get out and inspect has been […]
Big Oil is coming off yet another blockbuster season, posting the second consecutive quarter of stellar top-and-bottom line growth. According to the latest FactSet data, the energy sector’s Q2 2021 revenue growth rate of 24.9% came in […]
On Friday the Oil Futures ended higher for the fourth month in a row. “Oil futures [markets] remain hyper-focused on draws to U.S. crude and product inventories and are likely positioned on the expectation that […]
Earnings season is here with us once again, with a quarter of S&P 500 companies having reported second-quarter 2021 earnings. According to FactSet data, 88% of S&P 500 companies have reported a positive EPS surprise, while 86% have reported […]
The US oil price fell more than six percent on Monday, a day after Saudi Arabia and the UAE reaching an agreement to increase output. With surging Covid cases threatening economic recovery, stock markets slumped. […]
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