Oil Company News

Energy major Chevron warned Friday of further falls in its oil production this year after reporting a 3% year-on-year drop...

The European Space Agency's Sentinel-1B satellite remains offline more than three weeks after undergoing a significant disruption, with the outage likely to take several more "weeks"...

Sustainability consulting group Quantis published Thursday a new methodology for estimating the amount of CO2 sequestered by crops...

Oil companies should prioritise investments in short-cycle oil, such as shale from the US Permian Basin, to avoid stranded assets in the 2030s...

Finnish forestry and bioindustry company UPM has decided to proceed with engineering work in Rotterdam for a planned...

China's Sinopec said it expects its net earnings for 2021 to triple as Chinese demand for...

Woodside Petroleum has decided to withdraw from Myanmar due to the deteriorating human rights situation...

US-based startup Patch has integrated carbon ratings produced by BeZero into its application programming interface (API)...

European industry is raising its hedge on EU carbon prices as a growing number expect prices to break through the...

London-based carbon ratings agency Sylvera and Valencia-based marketplace ClimateTrade raised $32.6 million and $7.9 million...

Shell has made a significant oil and gas discovery at an offshore well in Namibia which could spark a wave of investment...

Aerial surveys conducted during the past three years over the US Permian Basin have identified...

Energy majors TotalEnergies and Chevron have pulled out a joint natural gas project in Myanmar amid shareholder...

A natural gas pipeline leading to the La Venta gas processing complex in the Mexican state of Tabasco caught fire...

Energy major TotalEnergies, Abu Dhabi government-owned renewable energy company Masdar and Siemens Energy will...

The maritime sector can achieve its stated goals of reducing greeenhouse gas emissions provided regulators apply a $11/mt global carbon price by 2025 rising to $264 by 2050...

The Science Based Targets Initiative (SBTi) launched Tuesday a consultation on its proposed new framework for greenhouse gas emissions reporting...

South Pole has acquired Italian company Carbonsink to form the world's largest emissions project developer, the companies said...

US energy giant ExxonMobil announced on Tuesday it will cut its greenhouse gas emissions...

Energy major BP has signed a deal with the Omani government to support the potential development of a mutli-gigawatt...