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Oil&Gas Drilling
After Huge Investment, Totalenergies 'Ditching' SA Offshore Gas Finds for Namibia Coast
Growing concern is being reported about the future of domestic investment by foreign oil companies, with the blame squarely placed on government.Bloomberg News …
Oil & Gas Trade
Earnings for Big Oil Backpedal as Natgas Prices Tumble
An aerial view of Exxon Mobil’s Beaumont oil refinery, which produces and packages Mobil 1 synthetic motor oil, in Beaumont, Texas, U.S., March 18, 2023. …
Natural Gas
Norway Energy Firms Plan Three-Year Push for Arctic Gas
Equinor's logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNorwegian oil c…
Geothermal Power Project
Geothermal and Lithium Firm Arverne Going IPO in France
Drilling rig of Arverne Drilling on a winter day (source: company)Reported from France today, geothermal and lithium group Arverne, created by former oil compan…
Green Hydrogen
US Energy Giants Build Campaign Against Clean Hydrogen Regulations
Oil companies and utilities are pushing for their own tax credits for partly fossil fuel-powered projects.Energy companies and utilities across the United State…
Crude Oil
Pakistani Oil Companies Collaborate With Saudi Aramco for $10B Refinery Project
Four leading Pakistani oil companies will join hands with Saudi Arabia's state-owned Aramco for a $10 billion greenfield refinery project at Pakistan's …
Crude Oil
Oil Companies on Fundraising Spree for Energy Transition
Oil companies have been scurrying the equity market to meet expenses of energy transition they have set for themselves.NEW DELHI: Oil companies have been scurry…
Carbon Neutral
China’s Three Major Oil Companies Actively Invest in New Energy
Three state-owned oil companies in China are actively expanding their investment in renewable energy, said Nihon Keizai Shimbun on April 6. By 2025, their total…
Oil & Gas Trade
Exxon Sues EU in Move to Block New Windfall Tax on Oil Companies
Record profits by oil companies benefiting from high energy prices have boosted inflation around the worldExxon said it will factor in the tax as it considers f…
Crude Oil
Exxon, Chevron to Spend Billions More on Oil Projects Next Year
The two largest U.S. oil companies - Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) - disclosed plans to increase outlays on energy projects next year amid h…
Crude Oil
EIA Cuts World Oil Demand Growth for 2023
The U.S. Energy Information Administration has slashed its world oil demand growth forecast for next year as President Biden lashed out at oil companies for not…
Natural Gas
Why Overly Confident U.S. Drillers Ditched Their Hedges
Some Big Oil companies are so confident that high oil prices are here to stay that they have completely ditched their hedges.
Oil Price
U.S. Oil Companies’ Cash Flow to Rise by 68% Per Barrel in 2022 - Deloitte
U.S. upstream oil companies are expected to bank 68% higher free cash flows per barrel produced in 2022 as surging prices fuel profits, while output growth ling…
Oil Price
Biden to US Oil Companies: ‘Bring Down Petrol Prices Now’
Crude prices have fallen in recent weeks on fears of a global economic slowdown.
Australia
Australia’s Westpac to Slash Lending to Coal, Oil Companies by 2030
Australia's Westpac Banking Corp unveiled its plans on Wednesday to reduce lending to coal, oil and gas companies by nearly a quarter by 2030, joining its peers…
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