The International Energy Agency (IEA) says it is the 'largest supply disruption in history'. With the disruption expected to have a lasting impact on prices, governments around the world have introduced measures to limit the impact on consumers and the economy.
Mangrove Lithium CEO Saad Dara described the facility as a 'clown building,' emphasizing its unexpected location and extensive operations. He noted, 'It just keeps going,' while showcasing the research and development lab.
The Trump administration has teed up the entire Gulf region for a Deepwater Horizon sequel with its approval of BP's extremely risky ultra-deepwater drilling project, said Brettny Hardy, senior attorney at Earthjustice, one of the groups.
The world's top 100 oil and gas companies banked more than $30m every hour in unearned profit in the first month of the US-Israeli war in Iran, with Saudi Aramco, Gazprom, and ExxonMobil among the biggest beneficiaries.
Viper owns mineral and royalty interests, primarily in the Permian Basin. Royalty owners collect a percentage of production revenue from every barrel of oil, cubic foot of natural gas, and barrel of natural gas liquids produced on their acreage without bearing drilling costs or capital expenditures.
Meta's agreement with Entergy to build and finance seven new power plants in Louisiana will significantly enhance the energy infrastructure needed for its AI data center complex, Hyperion. The total of 10 power plants will provide enough energy to power over 5 million homes, representing a substantial increase in the state's grid capacity.
Despite its patriotic branding and apparent alignment with Trump's America First agenda, the project's origins trace back to the Biden administration. The refinery concept was revived and permitted in 2024 under the name Element Fuels Holdings, with site preparation and approvals occurring well before Trump's return to office.
The symbiotic relationship between Diamondback and Viper is highlighted during times like these where Diamondback continues to focus its development on wells where Viper owns high royalty interests. That structural advantage doesn't erode with oil prices.
The Board believes Texas legislators, judges, and juries who might make decisions that impact Exxon Mobil are generally more familiar with our business and operations. A new Texas law makes it harder for shareholders to sue companies by requiring a minimum stock ownership to file lawsuits, providing legal protection that serves as the real draw for redomiciliation.
Here, the contribution request betrays the email's true nature: a campaign promotion. Campaigning is not within Bonta's scope of employment. The judge pointed to a campaign email Bonta sent to Texas residents saying that only 5% is recycled and the rest ends up in the environment and in our bodies: 'Exxon Mobil knew, and Exxon Mobil lied.'
Hyundai is exploring a "potential collaboration" with the Canadian hydrogen energy sector, it told CBC News on Thursday, as the South Korean automaker bets on natural gas-fuelled cars to be the future of the automotive industry. The revelation came a few days after Canada and South Korea signed a memorandum of understanding that will see the two co-operate in several key industries, including auto and battery manufacturing.
Beaches, mangroves, fish, turtles and manatees. Little by little, oil has coated them all. About two weeks have been enough for the sticky black residue to permeate everything in its path. Its advance has been met with an outcry. Since the first fishermen in the Gulf of Mexico reported the discovery of chapapote (petroleum residue) in their nets on March 2, the progression has been documented by the affected communities.
In California and across the nation from Hawaii to Maine, a growing number of state and local governments are fighting in court to hold oil giants like Exxon Mobil, Chevron, Shell and BP accountable for their well-documented efforts to deceive the public about climate change and the "catastrophic events" and "more violent weather" their own scientists accurately predicted would result if the use of their fossil fuel products was not curbed.
Crude oil is a complex mixture of hydrocarbons - molecules made mainly of carbon and hydrogen. Refineries and chemical plants separate and transform these molecules into smaller chemical building blocks known as petrochemicals. Some of the most important petrochemical building blocks include chemicals such as ethylene, propylene and benzene.
Then she read an article in this newspaper, just over eight years ago, and discovered that fossil fuel companies had ploughed more than $180bn (130bn) into plastic plants in the US since 2010. It was a kick in the teeth, says Gardiner. You're telling me that while I am beating myself up because I forgot to bring my water bottle, all these huge oil companies are pouring billions She looks appalled. It was just such a shock.
The company's record production jumped 12% year-over-year, driven by the Hess acquisition, which added 261 thousand barrels of oil equivalent per day. CEO Mike Wirth called it a "significant achievement...integrated Hess, started-up major projects, delivered record production." Chevron's integrated model spans upstream production, refining, chemicals, and emerging energy ventures, including lithium and hydrogen projects. The company returned $12.1 billion in share buybacks for the year and raised its dividend 4% to $1.78 per share.
The death of Iranian Supreme Leader Ayatollah Ali Khamenei on February 28, 2026, per NPR reporting, sent immediate shockwaves through energy markets. WTI crude climbed from $61.60 on February 2 to $71.13 by March 2, and prediction markets now assign 97% probability to crude reaching $75 by end of March, with 81% confidence in a move to $80.
