US energy industry's climate retreat is putting profits over people, advocates sayOil and gas companies are retracting climate commitments, prioritizing fossil fuel investments over earlier climate pledges.
BP drops climate targets in pivot back to oil and gasBP is reducing investment in renewable energy and increasing spending on oil and gas amid slower-than-expected energy transition progress.
Can new Africa Energy Bank power a continent while protecting the planet?Africa Energy Bank will fund oil and gas projects while navigating profits and climate responsibilities.
Trump doubles down on 'drill, baby, drill' on his first day in officeTrump declares an energy emergency to boost U.S. oil and gas production, promising executive orders to reverse Biden's climate regulations.
BP and Shell backtracked on climate goals in 2024. Here's whyEuropean energy companies are refocusing on oil and gas for short-term profits, reversing clean energy commitments amid rising costs and geopolitical challenges.
Elon Musk Is No Climate HeroMusk's recent interview indicates his evolving stance on the oil and gas industry, highlighting its necessity despite his environmental advocacy.
US energy industry's climate retreat is putting profits over people, advocates sayOil and gas companies are retracting climate commitments, prioritizing fossil fuel investments over earlier climate pledges.
BP drops climate targets in pivot back to oil and gasBP is reducing investment in renewable energy and increasing spending on oil and gas amid slower-than-expected energy transition progress.
Can new Africa Energy Bank power a continent while protecting the planet?Africa Energy Bank will fund oil and gas projects while navigating profits and climate responsibilities.
Trump doubles down on 'drill, baby, drill' on his first day in officeTrump declares an energy emergency to boost U.S. oil and gas production, promising executive orders to reverse Biden's climate regulations.
BP and Shell backtracked on climate goals in 2024. Here's whyEuropean energy companies are refocusing on oil and gas for short-term profits, reversing clean energy commitments amid rising costs and geopolitical challenges.
Elon Musk Is No Climate HeroMusk's recent interview indicates his evolving stance on the oil and gas industry, highlighting its necessity despite his environmental advocacy.
Ban on new drilling confirmed as ministers consult on North Sea's clean energy future'UK government aims to transition North Sea energy from oil and gas to renewables while protecting jobs and easing taxes on the sector.
UK government to end North Sea windfall tax in 2030The UK government will end the windfall tax on North Sea energy profits by 2030, seeking a replacement for fair returns during high prices.
Oil firms vow to fight judicial review of North Sea oil and gas projectsShell and Equinor are committed to defending their North Sea projects despite legal challenges from environmental groups.
North Sea oil firm Neo slows investment amid windfall tax concernsThe uncertainty over Labour government's fossil fuel policies has led Neo Energy to slow down investments in the North Sea oilfield.
Ban on new drilling confirmed as ministers consult on North Sea's clean energy future'UK government aims to transition North Sea energy from oil and gas to renewables while protecting jobs and easing taxes on the sector.
UK government to end North Sea windfall tax in 2030The UK government will end the windfall tax on North Sea energy profits by 2030, seeking a replacement for fair returns during high prices.
Oil firms vow to fight judicial review of North Sea oil and gas projectsShell and Equinor are committed to defending their North Sea projects despite legal challenges from environmental groups.
North Sea oil firm Neo slows investment amid windfall tax concernsThe uncertainty over Labour government's fossil fuel policies has led Neo Energy to slow down investments in the North Sea oilfield.
BP cuts net-zero spending by almost 4 billion - London Business News | Londonlovesbusiness.comBP is reducing net-zero investment while increasing oil and gas spending, aiming to balance growth and sustainability.
BP to Fundamentally Reset' Strategy in Shift Back to Oil and GasBP is increasing investment in oil and gas while reducing focus on clean energy due to investor expectations and disappointing returns.
BP to Reset' Strategy After Pressure From Investors, C.E.O. SaysBP's CEO promises a strategic reset, focusing on increasing oil and gas production while reducing investment in low-emission technologies.
BP drops goal to reduce oil and gas outputBP has abandoned its 2030 oil and gas output cut target to regain investor confidence under CEO Murray Auchincloss.
BP cuts net-zero spending by almost 4 billion - London Business News | Londonlovesbusiness.comBP is reducing net-zero investment while increasing oil and gas spending, aiming to balance growth and sustainability.
BP to Fundamentally Reset' Strategy in Shift Back to Oil and GasBP is increasing investment in oil and gas while reducing focus on clean energy due to investor expectations and disappointing returns.
BP to Reset' Strategy After Pressure From Investors, C.E.O. SaysBP's CEO promises a strategic reset, focusing on increasing oil and gas production while reducing investment in low-emission technologies.
BP drops goal to reduce oil and gas outputBP has abandoned its 2030 oil and gas output cut target to regain investor confidence under CEO Murray Auchincloss.
Poll finds majority of Westerners support climate action and conservation - High Country NewsWesterners prioritize public land conservation over oil and gas development, reflecting a strong bipartisan consensus.
Chevron to Lay Off Up to 20% of StaffChevron to lay off up to 20% of workforce to cut costs and streamline operations.
Why Oil Companies Are Walking Back From Green EnergyOil and gas companies faced pressure to transition to renewables, but many, like Exxon Mobil, re-focused on traditional sectors instead.
Chevron to Lay Off Up to 20% of StaffChevron to lay off up to 20% of workforce to cut costs and streamline operations.
Why Oil Companies Are Walking Back From Green EnergyOil and gas companies faced pressure to transition to renewables, but many, like Exxon Mobil, re-focused on traditional sectors instead.
Trump's pick for secretary of the Interior Department is Doug Burgum. Here's what to knowBurgum's potential confirmation could drive a significant shift in U.S. environmental policy towards energy production and resource management.
Doug Burgum Is Confirmed by Senate as Interior SecretaryDoug Burgum will lead the Interior Department, promoting increased oil and gas exploration on federal lands.
Play the "Trump Bump" With These 3 StocksInvestors are optimistic about stocks benefiting from a Trump administration, particularly in the oil and gas sector.
Donald Trump's call for energy dominance' is likely to run into real-world limitsTrump plans to create a National Energy Council to promote U.S. energy dominance and deregulation in oil and gas production.
Oil Companies Embrace Trump, but Not Drill, Baby, Drill'Trump's energy policies favor fossil fuels but may not lead to increased production without rising prices.
Trump's pick for secretary of the Interior Department is Doug Burgum. Here's what to knowBurgum's potential confirmation could drive a significant shift in U.S. environmental policy towards energy production and resource management.
Doug Burgum Is Confirmed by Senate as Interior SecretaryDoug Burgum will lead the Interior Department, promoting increased oil and gas exploration on federal lands.
Play the "Trump Bump" With These 3 StocksInvestors are optimistic about stocks benefiting from a Trump administration, particularly in the oil and gas sector.
Donald Trump's call for energy dominance' is likely to run into real-world limitsTrump plans to create a National Energy Council to promote U.S. energy dominance and deregulation in oil and gas production.
Oil Companies Embrace Trump, but Not Drill, Baby, Drill'Trump's energy policies favor fossil fuels but may not lead to increased production without rising prices.
Shell investors in line for multibillion-dollar windfall despite weak profitsShell maintains shareholder rewards despite falling profits, highlighting strong cash flows and effective cost management.
The oil crisis fuelled by Russia's war is evaporating and so are the profitsRussia's invasion of Ukraine has led to declining profits for oil and gas companies as market volatility normalizes.
North Sea firms claim windfall tax risks 35,000 jobs and 12bn in tax receiptsThe North Sea industry warns that increasing the windfall tax would severely impact investment, leading to significant job losses and a drop in tax revenues.
The oil crisis fuelled by Russia's war is evaporating and so are the profitsRussia's invasion of Ukraine has led to declining profits for oil and gas companies as market volatility normalizes.
North Sea firms claim windfall tax risks 35,000 jobs and 12bn in tax receiptsThe North Sea industry warns that increasing the windfall tax would severely impact investment, leading to significant job losses and a drop in tax revenues.
Under Trump, an 'all of the above' energy policy is poised for a comebackTrump's energy policy emphasizes an 'all-of-the-above' approach, supporting both fossil fuels and renewable energies.
Why Trump's call for 'energy dominance' could run into roadblocksTrump aims to establish energy dominance globally through the creation of a National Energy Council focused on increased oil and gas production.
Doug Burgum, Trump's Pick for Interior Secretary, Gets His Confirmation HearingDoug Burgum's close ties to oil executive Harold Hamm raise concerns over conflicts of interest in energy policy.
Miliband denies avoiding oil and gas sectorThe UK energy secretary supports the oil and gas sector while promoting renewable energy jobs, highlighting a commitment to GB Energy based in Aberdeen.
Under Trump, an 'all of the above' energy policy is poised for a comebackTrump's energy policy emphasizes an 'all-of-the-above' approach, supporting both fossil fuels and renewable energies.
Why Trump's call for 'energy dominance' could run into roadblocksTrump aims to establish energy dominance globally through the creation of a National Energy Council focused on increased oil and gas production.
Doug Burgum, Trump's Pick for Interior Secretary, Gets His Confirmation HearingDoug Burgum's close ties to oil executive Harold Hamm raise concerns over conflicts of interest in energy policy.
Miliband denies avoiding oil and gas sectorThe UK energy secretary supports the oil and gas sector while promoting renewable energy jobs, highlighting a commitment to GB Energy based in Aberdeen.
Ukraine war briefing: Zelenskyy hails significant blow' of US-UK sanctions on Russian oil and gas revenuesThe US imposed significant sanctions on Russia's oil and gas sector to reduce revenue and support Ukraine's efforts for peace.
Alaska sues Biden administration over oil and gas drilling leases in Arctic refugeAlaska is suing the Biden administration over restrictions on oil and gas development in the Arctic National Wildlife Refuge, claiming violation of congressional directives.
Ukraine war briefing: Zelenskyy hails significant blow' of US-UK sanctions on Russian oil and gas revenuesThe US imposed significant sanctions on Russia's oil and gas sector to reduce revenue and support Ukraine's efforts for peace.
Alaska sues Biden administration over oil and gas drilling leases in Arctic refugeAlaska is suing the Biden administration over restrictions on oil and gas development in the Arctic National Wildlife Refuge, claiming violation of congressional directives.
ANALYSIS | Trudeau's tumultuous relationship with the Canadian oilpatch | CBC NewsTrudeau's early support for oil and gas development has dramatically shifted to discontent as provincial relations worsen and federal policies conflict with industry interests.
How digital transformation is reshaping energy systemsThe energy transition to a low-carbon future is crucial and challenging.Digital technologies are transforming operations in the oil and gas industry.
Government drops legal defence for UK's largest untapped oil and gas fieldsThe UK Government will not challenge judicial reviews for the Rosebank and Jackdaw fields, aligning with climate action group interests.
Plan to hike windfall tax sparks energy jobs warningUK oil and gas firms warn increased windfall taxes could jeopardize £200bn investment in energy and undermine jobs across the sector.
How digital transformation is reshaping energy systemsThe energy transition to a low-carbon future is crucial and challenging.Digital technologies are transforming operations in the oil and gas industry.
Government drops legal defence for UK's largest untapped oil and gas fieldsThe UK Government will not challenge judicial reviews for the Rosebank and Jackdaw fields, aligning with climate action group interests.
Plan to hike windfall tax sparks energy jobs warningUK oil and gas firms warn increased windfall taxes could jeopardize £200bn investment in energy and undermine jobs across the sector.
Supreme Court dismisses constitutional claim in California air pollution caseThe Supreme Court upheld California's authority to enforce its pollution standards, while limiting the oil industry's legal avenues against these regulations.
Newsom signs bills cracking down on pollution from oil, gas production near communitiesCalifornia Governor Gavin Newsom signs laws empowering local communities to combat oil and gas pollution, particularly in urban areas.New legislation aims to enhance local control in phasing out unproductive oil wells.
Governor Newsom Signs Three Bills Restricting Oil and Gas Wells Near People - Streetsblog CaliforniaCalifornia passed new laws enhancing local control over oil and gas operations, aiming to protect communities and the environment.
California lawmaker warns of 'financial catastrophe' if oil well rules aren't enforcedThe California Department of Conservation exempts a major merger from a law requiring oil companies to plug orphan wells, raising concerns about accountability.
Supreme Court dismisses constitutional claim in California air pollution caseThe Supreme Court upheld California's authority to enforce its pollution standards, while limiting the oil industry's legal avenues against these regulations.
Newsom signs bills cracking down on pollution from oil, gas production near communitiesCalifornia Governor Gavin Newsom signs laws empowering local communities to combat oil and gas pollution, particularly in urban areas.New legislation aims to enhance local control in phasing out unproductive oil wells.
Governor Newsom Signs Three Bills Restricting Oil and Gas Wells Near People - Streetsblog CaliforniaCalifornia passed new laws enhancing local control over oil and gas operations, aiming to protect communities and the environment.
California lawmaker warns of 'financial catastrophe' if oil well rules aren't enforcedThe California Department of Conservation exempts a major merger from a law requiring oil companies to plug orphan wells, raising concerns about accountability.
West Texas is deep in drought. Could oil wastewater be the solution?Repurposing produced water in West Texas could provide irrigation solutions and reduce risks associated with wastewater injection.There are pilot projects evaluating the feasibility of produced water for agricultural use.
Royalties for everyone': Suriname president plans to share oil wealthSuriname plans to distribute oil royalties to its citizens, aiming to alleviate poverty and ensure inclusive economic growth from newfound oil wealth.
How Suriname and Guyana plan to share oil and gas wealth with citizensSuriname implements 'Royalties for Everyone' to share oil and gas revenue with citizens, aiming to transform the economy and improve lives.
Royalties for everyone': Suriname president plans to share oil wealthSuriname plans to distribute oil royalties to its citizens, aiming to alleviate poverty and ensure inclusive economic growth from newfound oil wealth.
How Suriname and Guyana plan to share oil and gas wealth with citizensSuriname implements 'Royalties for Everyone' to share oil and gas revenue with citizens, aiming to transform the economy and improve lives.
The Texas Railroad Commission's name is a smoke screen for what it actually doesThe Railroad Commission of Texas' name obscures its role in regulating the oil and gas industry, hindering public understanding and transparency.
Trump Picks Burgum for Interior SecretaryDoug Burgum appointed to lead the Interior Department focuses on expanding oil and gas drilling on federal lands.
Will Trump's New EPA Pick Move His 'Drill, Baby, Drill' Agenda Forward?The new EPA head's environmental stance remains uncertain amidst administration fossil fuel expansion goals.
Trump Picks Burgum for Interior SecretaryDoug Burgum appointed to lead the Interior Department focuses on expanding oil and gas drilling on federal lands.
Will Trump's New EPA Pick Move His 'Drill, Baby, Drill' Agenda Forward?The new EPA head's environmental stance remains uncertain amidst administration fossil fuel expansion goals.
10 Major Texas Industries to Consider if You're Working in or Moving to the Lone Star StateTexas offers a diverse economy with significant job opportunities in various sectors, making it an attractive place for new residents.
Energy Stocks Set to Surge: 3 Best Buys in NovemberEnergy stocks offer diversification and stable returns, essential for balanced portfolios, particularly during market volatility.Buffett's investment in Occidental Petroleum underscores its potential as a strong energy investment despite rising renewable competition.
Cop29 at a crossroads in Azerbaijan with focus on climate financeAzerbaijan, heavily reliant on oil and gas, is transitioning to renewable energy for a substantial portion of its power generation.
Energy Stocks Set to Surge: 3 Best Buys in NovemberEnergy stocks offer diversification and stable returns, essential for balanced portfolios, particularly during market volatility.Buffett's investment in Occidental Petroleum underscores its potential as a strong energy investment despite rising renewable competition.
Cop29 at a crossroads in Azerbaijan with focus on climate financeAzerbaijan, heavily reliant on oil and gas, is transitioning to renewable energy for a substantial portion of its power generation.
Oil Interests Gave More Than $75 Million to Trump PACs, New Analysis ShowsOil and gas interests have contributed around $75 million to Trump's campaign, indicating significant support from the fossil fuel industry.
Why Trump is spending Halloween in deep-blue New MexicoTrump's visit to New Mexico aims to court Latino voters despite his controversial immigration views and previous remarks.
I've seen the dark, fat grease stuck to the leaves': oil and gas encroach on Peru's uncontacted peoplesOil and gas projects in Peru threaten the health of Indigenous groups and their territories, leading to a health crisis due to pollution.
What to Know: How Israel Could Retaliate Against IranIran's oil infrastructure is strategically located near key regional players, significantly influencing Middle Eastern geopolitics.
How to Earn $14,500 a Year in Passive Income Off America's Energy DominanceMidstream companies are essential in the oil and gas supply chain, providing vital storage and transportation services.
War in Ukraine: Russian oil still flowing into the EU DW 08/01/2024Ukraine placed Lukoil on sanctions list affecting Russian oil delivery via Ukraine to some EU countries.