One of the world's major energy players, UK-based Shell has initiated a significant round of layoffs as part of its efforts to enhance efficiency and value creation.
January 21, 2024
Newly approved North Sea oil projects, including the Rosebank field, are facing scrutiny as a study by the Energy and Climate Intelligence Unit suggests their contribution to the UK's petrol needs will be minimal, estimated at less than 1% within seven years.
January 14, 2024
Exxon Mobil Corp, the largest U.S. oil producer, is set to face a significant downturn in its fourth-quarter earnings, projecting a 30% decline to approximately $8.9B.
January 07, 2024
US energy major has implemented substantial reductions in oil-refinery investments in California, citing the state's
December 24, 2023
The oil cartel, in a recent letter to its members and allies, has vehemently opposed any potential agreement at COP28 that advocates for the phaseout of fossil fuels.
December 17, 2023
On the eve of the COP28 UN climate change summit in Dubai, Iraq, OPEC's second-largest oil producer, declared its stance against any phasedown or phaseout of fossil fuels.
December 17, 2023
As COP28 concluded in Dubai on Dec. 12, the participating nations struggled to agree on a draft document that aimed at a global commitment to phase out hydrocarbons.
December 17, 2023
The Biden administration's recent finalization of comprehensive methane regulations in the United States is set to significantly impact the oil and gas sector across the country.
December 10, 2023
The COP28 climate summit, currently in its final phase, is witnessing heightened tensions and divergent views regarding the future of fossil fuels.
December 10, 2023
The presidency of the 28th meeting of the Conference of the Parties (COP), led by the UAE, has declared its flexibility in language concerning fossil fuels within the negotiated text, emphasizing the absence of
December 03, 2023
