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 […]
Big oil has a big problem. It’s running out of oil. Energy News Beat Publishers Note (ENB): With the reduction in the big oil companies adding to their reserves, it will have a long-term impact […]
Energy News Beat Publishers Note (ENB): The data is showing that the greener the energy movement goes – Oil production will also increase. Three reasons: 1: More total energy is being required 2: Green energy […]
Shell is set to benefit from the higher commodity prices in the first quarter of 2021, but earnings will be adversely impacted by up to $200 million from the Texas Freeze in February, which hit the supermajor’s […]
The transaction, whose value was not disclosed, will leave Petrobras with 100pc of the FZA-M-57, FZA-M-59, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127 blocks, pending regulatory approval. BP did not immediately respond to a request for comment. […]
(ATF) Italian energy giant Eni inked a memorandum of understanding (MoU) last week with Hangzhou-based power utility Zhejiang Energy for energy sector cooperation. The initiatives identified in the MoU range from developing long term liquefied natural […]
Upstream oil and gas companies are responsible for significant greenhouse gas (GHG) emissions and are some of the largest carbon-emitting companies globally. As a result, upstream operators are under growing pressure from governments, shareholders and […]
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