The year 2020 was a watershed moment for the fossil fuel sector. Faced with a global pandemic, severe demand shocks, and a shift towards renewable energy, experts warned that nearly $900 billion worth of reserves–or […]
Oil major BP has lobbied for the EU to support natural gas, a move that exposes divergent views among investors and reflects a wider European dispute about the role of the fossil fuel in the […]
Major oil producers, for decades the natural resource industry’s top earners, are being eclipsed by once-smaller mining peers who are churning out record profits thanks to red-hot metals markets. The mining windfall is the latest […]
Big Oil has enjoyed more favorable conditions this year thanks to rising crude prices and recovering fuel demand, but Total is in a better position than many of its peers. While BP Plc and Royal Dutch Shell Plc are […]
British oil giant BP said Tuesday that it rebounded into first-quarter net profit as oil prices recovered from a virus-driven slump. Earnings after taxation hit $4.7 billion (3.9 billion euros) in the three months to the end of March, […]
(Bloomberg) — After one of the most difficult years in the oil industry’s history, crude prices have recovered and major producers are finally generating spare cash. Investors really want to get their hands on it, […]
Italy’s Eni is considering spinning off oil and gas operations in West Africa and the Middle East into new joint ventures to help reduce debt and fund its shift to low-carbon energy, according to company […]
(The Center Square) – Chesapeake Energy said this week that it has installed continuous emission monitors at select well pads in northeast Pennsylvania in response to investor demands for more responsibly sourced natural gas. Through a partnership with […]
London — Shell expects to have produced about two-thirds of its existing oil and gas reserves over the next two decades, the company said April 15, highlighting its falling exposure to future oil prices as the […]
The arrival of the new floating production unit is a major milestone towards the completion of Mad Dog 2, BP said on Monday. Once online, Argos will significantly strengthen BP’s high-margin oil and gas business in the Gulf of Mexico. It is also expected to support […]
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