Pipeline technology firm STATS Group has continued to grow its market share in North America throughout the Covid-19 pandemic and is now preparing to move into a larger facility in Houston.
Pioneer Natural Resources Co. is buying DoublePoint Energy LLC in a deal valued at $6.4 billion, less than three months after completing its purchase of fellow shale driller Parsley Energy Inc. as it expands in the U.S. Permian Basin.
Wood, the Aberdeen-headquartered energy services giant, has earmarked $196million in order to settle bribery cases with authorities in the US, Brazil and the UK.
The increasing geopolitical rivalry between the U.S. and China has more than a 50% chance of spilling over into some form of military confrontation in the year ahead. This could involve threats, posturing, or the actual use of force, as well as have serious implications for energy companies and markets.
The U.S. oil and gas industry should embrace “huge opportunities” in producing and transporting hydrogen, with the potential for that cutting-edge energy source to fuel long-haul trucks and supply power globally, presidential climate envoy John Kerry said Tuesday.
US President Joe Biden’s decision to cancel the Keystone XL pipeline is sparking renewed interest in shipping Canadian oil-sands crude by rail, and that comes with its own environmental risks.
Brent oil edged higher in Asia after closing at the highest in almost 13 months as a deepening energy crisis in the US disrupted crude production and forced the shutdown of some of the nation’s biggest refineries.
US oil majors ExxonMobil, Chevron and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its recent warning and revised the industry’s risk profile due to climate change and weak earnings.
The US’ International Development Finance Corp. (DFC) and Shell Foundation are teaming up to work on renewable energy access in low-income states, in Africa and Asia.
Now that Biden has committed to shifting from fossil fuels, the incoming chairman of the Securities and Exchange Commission, Gary Gensler, must decide whether Big Oil are exempt from basic principles of shareholder democracy.
US President Joe Biden has signed an executive order to tackle climate change, as part of which the US will move away from funding fossil fuel-based energy internationally.
The scrapping of the Keystone XL pipeline by Joe Biden not only means the end of multibillion-dollar pipe dream for TC Energy Corp. -- it also leaves behind 48,000 tons of steel.
Chinese oil majors may be next in line for delisting in the US after the New York Stock Exchange said last week it would remove the Asian nation’s three biggest telecom companies.
North Sea oil prices are finally strengthening, catching up with other markets that already rallied on the back of rising buying interest from Asia, where demand in many places has already recovered from Covid-19.
CNOOC, China’s third-biggest oil company faces a US blacklist, which could spur major outflows from its Hong Kong-listed unit, after years of involvement in offshore drilling in disputed South China Sea waters.
Backers of the Costa Azul LNG export plant in Mexico have reached a final investment decision (FID), the first to be taken globally this year.
Oil has risen on optimism over China’s recovery from a virus-led demand crash and as advisers to President-elect Joe Biden ruled out a national lockdown to curb the spread of Covid-19.
Shell will push for the reversal of President Donald Trump’s rollback of methane emissions rules and the introduction of carbon pricing when Joe Biden moves into the White House next year.
Schlumberger will grant Aberdeen-headquartered Plexus Holdings royalties and a $500,000 lump sum payment after agreeing a multi-year licensing deal for its tech.
Biden’s victory could end up reshaping the US energy sector in years to come, although the president-elect may have limited room to maneuver given that control of the Senate remains unclear.
The next U.S. president will have to come to terms with “the will of the Iranian people” and end the economic war against the Islamic Republic, Iranian President Hassan Rouhani said in a speech Thursday. Bluster aside, there is a kernel of truth to his prediction — and President Donald Trump’s Iran policy may make negotiations easier for President-elect Joe Biden.
Now that the campaigning is over, the work begins for Joe Biden to start making good on the policy changes he promised. Here’s a breakdown of how a Biden presidency may affect some two dozen U.S. industries and what might rise to the top of his agenda as he takes over from Donald Trump in January. A few giant tech companies -- practically industries unto themselves -- are included for good measure.
Joe Biden will take office with something no U.S. president has had before: robust popular support for climate action, borne out in polling data and election results from a hard-fought campaign.
Royal Dutch Shell Plc will begin shutting its Convent refinery in south Louisiana mid-month while it continues to seek a buyer for the facility, part of a plan to reduce its global sites and focus on combined oil refining and chemical plants.
The US Department of the Treasury has imposed new financial sanctions on Iran’s oil industry.