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The COP28 climate summit, currently in its final phase, is witnessing heightened tensions and divergent views regarding the future of fossil fuels.

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

In a recent development, OPEC Secretary General Haitham Al Ghais has accused the International Energy Agency (IEA) of unfairly vilifying the oil and gas industry,

Amid the accelerating energy transition, oil refiners are facing a challenging landscape, prompting forecasters to highlight the impending drop in fuel demand and a shift toward petrochemicals as a primary revenue source.

The International Energy Agency (IEA) has sounded a clarion call to the global oil and gas industry, underscoring the precarious nature of current investment levels in upstream projects.

They are set to propose a landmark initiative at an upcoming OECD meeting, urging the world's wealthiest nations to cease subsidies for foreign oil, gas operations, and coal mining as reported by Financial Times.

A recent report by the Energy Transitions Commission highlights the indispensable role of carbon capture, utilization, and storage (CCUS) in certain industries' decarbonization efforts.

In a pivotal divergence of opinion, U.S. investors, including major players BlackRock, Vanguard, State Street, and JPMorgan, voted against climate resolutions proposed by activist group Follow This at the shareholder meetings of five leading western oil firms.

US oil major Chevron's recent acquisition of Hess for $53B grants them access to Guyana's offshore oil reserves, totaling a substantial 11B bbl. according to Financial Times.

In the midst of global climate change and environmental degradation resulting from rapid industrialization, Guyana finds itself facing a paradox.