Angola’s path to prosperity lies in its sun and soil, not its oil | Opinions
As Angola seeks a sustainable future, it is evident that the nation’s long-term prosperity lies in its sun and soil rather than its oil. Its…
Chevron Slows Permian Growth in Latest Hurdle to Trump Oil Plan
Breadcrumb Trail LinksPMN BusinessChevron Corp. plans to slow production growth in the biggest US oil field next year in the most definitive sign yet that…
Shell, Equinor announce joint venture to become Britain’s largest independent oil, gas venture
Shell and Equinor on Thursday announced they will join together to form Britain's largest independent oil and gas venture. File Photo by Terry Schmitt/UPI |…
US imposes new sanctions on Iran’s ‘shadow fleet’ of oil tankers | Oil and Gas News
The latest US sanctions are part of an effort to disrupt Iran’s use of oil revenue to finance its nuclear programme.The United States has piled…
How Suriname and Guyana plan to share oil and gas wealth with citizens | Oil and Gas News
The small South American country of Suriname plans to share revenues from newly discovered oil- and gasfields off its coast. After several discoveries of oil…
Oil rises as Israel-Hezbollah ceasefire violated, OPEC+ delays meeting
Oil prices rose nearly 1% Thursday after Israel reported ceasefire breaches with Hezbollah, reigniting Middle East tensions. Brent hit $72.90 a barrel, recovering recent losses.…
Crude oil prices slippery amid signs of escalation in Ukraine war
After reaching a two-week high, crude oil prices fell back on Monday as investors rebalanced positions in major asset classes. However, bullish factors remain in…
Political chaos shouldn’t distract us from the climate catastrophe
With so much chaos in the world, from the United States’ slide toward authoritarianism to the wars in Gaza, Lebanon and Ukraine, you could be…
Political chaos shouldn’t distract us from the climate catastrophe
With so much chaos in the world, from the United States’ slide toward authoritarianism to the wars in Gaza, Lebanon and Ukraine, you could be…
Billions at stake in court battle over North Sea oil and gas
PA MediaProtesters from Greenpeace and Uplift gathered outside the Court of Session in Edinburgh at the start of the caseHow much oil - and how…
Trump names Interior-designee Burgum to head new White House energy council
WASHINGTON — President-elect Donald Trump announced Friday that North Dakota Gov. Doug Burgum, his choice to head the Interior Department, will also lead a newly created…
COP29 host Azerbaijan brands oil and gas ‘gift from God’ | Climate News
President Aliyev accuses West of hypocrisy for criticising country’s fossil-fuel dependence while buying its oil & gas.Azerbaijan’s president has branded oil and gas a “gift…
U.N. climate conference in Azerbaijan puts petrostate in the spotlight
The spotlight is on Azerbaijan as the small petrostate in the South Caucasus prepares to host the U.N.’s biggest climate conference, which opens Monday. Diplomats…
U.S. secures 200 million barrels of oil for strategic reserve
The U.S. Department of Energy said Friday that 200 million barrels of oil have been bought for the strategic oil reserve. It will add 20…
UAE in pledge to increase oil output despite fall in prices
The pledge from the United Arab Emirates (UAE) comes a year after it hosted the COP28 climate talks which ended with a call by nearly…
How One of the Tiniest Oil Markets Cost Trafigura Over $1 Billion
Breadcrumb Trail LinksPMN BusinessA small but profitable fuel-supply business concealed a ballooning web of credit exposures.Author of the article:Bloomberg NewsJack Farchy, Alfred Cang, Archie Hunter, Terrence Edwards…
Big Oil Dials Up Output Growth Just as OPEC Mulls Supply Boost
Breadcrumb Trail LinksPMN BusinessExxon Mobil Corp. and Chevron Corp. capped Big Oil earnings season by revealing blockbuster increases in fossil fuel production — just as…
Oversupply Could Mute Effects of Wider Middle-East Conflict on Oil Prices
Global commodity prices are set to tumble to a five-year low in 2025 amid an oil glut that is so large that it is likely…
Biden announces sharp cuts to methane emissions as Congress delays his climate agenda
The Biden administration announced on Tuesday plans to crack down on emissions of methane, a greenhouse gas many times more potent than carbon dioxide that…
Oil prices plunge as Israel spares Iran’s oil facilities in retaliatory attack
Crude prices plunged as Israel launched a limited retaliation attack on Iran, sparing its oil and nuclear facilities. China reported disappointing economic data, further weakening…