Renewable energy is poised for a rebound in 2024, but higher oil prices will continue to make it difficult to quit fossil fuels. A crucial year looms.
ExxonMobil and Chevron are both waiting to see what happens next for Guyana, as a dizzying set of competing incentives come into play.
The Maduro regime is threatening to destabilize the Caribbean in a bid for offshore oil reserves, in a move likely to invite back crippling US sanctions.
Two steps forward and another one back: COP28 makes progress on major initiatives, but critics say the oil lobby mars an otherwise productive summit.
Texas voters approved a measure on Tuesday to allocate one-third of its $30 billion budget surplus towards natural gas power plants.
Chevron is in talks to extend its European natural gas supply contracts by 15 years, continuing the recent trend of oil and gas giants betting on the longevity of fossil fuels, according to Reuters.
Results are directly affected by fluctuations in global oil prices.
US energy giant Chevron will buy its rival Hess for $53 billion in an all-stock deal, the companies announced in a joint statement on Monday.
Workers will end strike action at Chevron's gas plants in Western Australia, their union said Friday, accepting a deal proposed by Australia's industrial relations body.
Regulators had threatened to fine Chevron if the data was not disclosed. Chevron responded by saying it began disclosing the data but needed more clarification.
U.S. oil giants ExxonMobil and Chevron reported surging profits amid soaring fuel prices.
The merger would involve an all-stock deal and create a dominant player in the Permian Basin
BP, Shell and Microsoft have all set specific target dates for carbon neutrality
The COVID-19 pandemic has sapped energy demand, but oil companies committed to dividends
Storebrand will block investments in companies that are not moving fast enough into renewable energy.
US stocks were higher on Friday after blowout results from Amazon, Facebook, Google, Apple.
COVID-19 pandemic continues to decimate global energy demand.
US stocks rose on Monday as Chevron agreed to buy Noble Energy, the biggest energy merger since the pandemic began.
Monday’s Stock Market Open: US Equities Modestly Higher As EU Leaders Seek To Reach Recovery Fund Deal
US stocks slipped on Monday as Chevron agreed to buy Noble Energy
The total enterprise value of the transaction, including debt, is $13 billion
The coronavirus pandemic and related lockdowns across the world will seriously eat into the revevue streams of oil and gas companies this year
Diamond Offshore Drilling has voluntarily filed for bankruptcy protection.
Equinor became the first oil major to reduce its dividend
Anadarko shareholders overwhelmingly vote for their company's merger with Occidental Petroleum.
Occidental's bidding war against Chevron for Anadarko Petroleum continues to rage.
Big Oil had a good year in 2018, helped mostly by higher oil prices.