PetroChina may exit natural gas projects in Australia and oil sands in Canada to stem losses and divert funds to more lucrative sites in the Middle East, Africa, and central Asia, reported Reuters, citing people with knowledge of the matter.
Total SE announced an $8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the long-term viability of some oil and gas assets.
New research has named ExxonMobil as the least "resilient" supermajor to weather the current oil downturn.
As oil crashes due to the impact of the coronavirus, it’s easy to overlook an even more dismal reality for producers: the real prices they’re getting for their barrels are worse still.
The seven majors must cut production by 35% by 2040, and emissions by 40%, if the world is to warm by only 1.6 degrees Celsius, according to a new report from Carbon Tracker Initiative.
The largest listed oil and gas producers are moving in the wrong direction, according to a new report from Redburn, “Lost in Transition”.
RBS will no longer provide backing for projects that are at odds with the global transition to low carbon.
Shale drillers and oil sands producers have posted some healthy profits so far this year, but it’ll take oil consistently above $50 a barrel for their investments to pay off in the long run.
More than 120 birds were killed at an oil sands mine operated by Suncor in Canada, the Alberta Energy Regulator (AER) said.
OPEC producers are finding that shale oil drillers aren’t their only adversaries in their battle to drain a three-year crude glut .
The US shale industry isn't alone in the burst of oil production offsetting OPEC's cuts.
Royal Dutch Shell Plc just took a big step toward remaking itself as a natural gas company.
Marathon Oil (NYSE:MRO) is ditching its Canadian oil sands operations in favour of acreage in the Permian basin.
Shell this morning confirmed a massive portfolio shake-up.
Royal Dutch Shell Plc is unlikely to take on new oil-sands projects as it maintains a grip on costs after crude’s crash forced competitors to write down Canadian reserves.
Statoil has completed the sale of its oil sands operations in Alberta, Canada, to the Athabasca Oil Corporation.
Oil major Shell has been reprimanded by the commissioner of Canada Elections for allegedly failing to provide some of its Fort McMurray oilsands workers adequate time off to vote in the 2015 election.
Statoil has sold its 100% owned Kai Kos Dehseh (KKD) oil sands projects in the Canadian province of Alberta to Athabasca Oil Corporation.
Canadian oil-sands producers are running out of tricks to buoy their share prices as crude prices keep bumping up against a $50 ceiling.
Suncor Energy Inc. plans to hold total greenhouse gas emissions at current levels through 2030 even as it boosts crude production by targeting a reduction in carbon output per barrel.
Canadian oil-sands producers who are restoring production after wildfires are finding U.S. refiners are doing just fine without as much crude from their northern neighbor.
Waseem Amin has been making big plans for his return to Fort McMurray, the Canadian oil-sands town devastated by wildfires last month. He came home to a city smelling of smoke and surrounded by charred hills dotted with hulks of burned trees.
Suncor Energy Inc. restarted oil-sands operations in the Regional Municipality of Wood Buffalo, an area in Canada that includes wildfire-ravaged Fort McMurray. It’s a move that enables thousands to return to work.
Alberta officials are counting on cool, humid weather in the coming days to help them better contain a raging wildfire in the heart of Canada’s energy industry and allow them to lift evacuation orders affecting some of the biggest production sites.
Energy regulators have recommended the approval of Kinder Morgan's $5.4billion Trans Mountain oil sands pipeline with the final decision now resting largely with Canada's Prime Minister Justin Trudeau.