Russian deputy prime minister Yuri Ivanovich Borisov led a delegation to Caracas yesterday in a sign of renewed bilateral ties. Russia is among Venezuela’s leading international patrons and a vocal opponent of the US-led sanctions […]
US energy secretary Jennifer Granholm spoke with Prince Abdulaziz ahead of today’s meeting and emphasised the importance of ensuring “affordable” energy for consumers. Brent crude prices have remained above $60/bl since early February. Rolling over […]
The U.S. called Saudi Arabia on the eve of an OPEC+ meeting to highlight the importance of “affordable energy,” adding another element of uncertainty into the group’s decision on production cuts. The cartel is heading […]
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 […]
Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) today announced that it has entered into definitive agreements to acquire privately held operated assets located in the Midland Basin (the “Tracker Acquisition”) from Tracker Resource […]
Texas’ blackouts might yet claim another victim: the merchant generation sector. Vistra Corp. and NRG Energy Inc. face big bills arising from the state’s February freeze. Worse, those bills somehow came as a big shock. At first, Vistra’s […]
Exxon Mobil Corp . expects first-quarter earnings to be reduced by as much as $800 million due to the deep freeze that plunged Texas into darkness last month. Even so, the oil giant probably returned to profit after […]
Biden is calling for sweeping investment in electric vehicles, renewable power and the electric grid as part of a broad blueprint to bolster the U.S. economy while combating climate change. The president’s plans, part of […]
In the race to go green, companies are doing the bidding of a growing class of powerful, socially conscious investors who are pouring trillions of dollars into businesses that can tout their environmental, social and […]
A panel of OPEC+ technical experts agreed to revise down oil-demand estimates for 2021 after Saudi Arabia suggested that the figure looked too high, delegates said. The move, which was also supported by Algeria, comes […]
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