20 stories found
The U.S. Supreme Court has ruled in favor of Chevron and other oil and gas companies, overturning lower court decisions in environmental lawsuits concerning coastal damage in Louisiana. This decision marks a significant win for the energy industry in its fight against environmental liability claims.
Uzbekneftegaz and SOCAR, the national oil and gas companies of Uzbekistan and Azerbaijan respectively, are engaged in discussions to develop joint projects in the energy sector.
Oil and gas companies are leveraging energy security arguments to lobby for increased Arctic drilling, responding to a review of EU policy on energy and environmental regulations.
President Putin has urged Russian oil and gas companies to utilize the increased revenue generated by the Iran war to pay off their bank loans. This directive comes as surging oil prices are reportedly adding up to $150 million daily to Russia's state budget.
Russian President Vladimir Putin has instructed the country's oil and gas companies to leverage current high energy prices to reduce their corporate debt.
The Supreme Court has agreed to hear arguments from oil and gas companies seeking to block climate change lawsuits, a significant development in environmental litigation.
The U.S. Supreme Court has agreed to review a case where oil and gas companies are attempting to prevent climate change-related lawsuits against them.
An analysis for The Guardian claims that the world's top 100 oil and gas companies, including Saudi Aramco, Gazprom, and ExxonMobil, made over $30 million per hour in "unearned profit" during the first month of the American-Israeli war in Iran.
Oil and gas companies have experienced their most successful year relative to the broader stock market, with rising oil prices and global events like the war in Ukraine contributing to energy's strong investment appeal.
Sinopec, one of China's largest state-owned oil and gas companies, announced it will prioritize the domestic fuel supply for China as global pressures on energy resources continue to mount.
Major oil and gas companies have cut their green spending for the first time since 2017, signaling a potential shift in investment priorities within the energy sector.
The United States government has proposed measures to loosen bonding requirements for offshore oil and gas companies, potentially impacting financial obligations for drilling operations.
Dozens of municipalities are seeking billions in damages against oil and gas companies, often accusing them of misleading the public about the links between greenhouse gases and climate risks.
Several oil and gas companies, including YPF, Vista Energy, Talos Energy, Northern Oil and Gas, Matador Resources, Ovintiv, Chord Energy, and EOG Resources, have experienced various price target adjustments, rating changes, and initiation of coverage by analysts.
Major oil and gas companies are reportedly earning significant profits, with one report stating $30 million per hour, amidst a global energy price shock. This situation raises questions about Europe's future energy procurement strategies.
China's leading state-owned oil and gas companies are currently being tested by turbulent market conditions, reflecting broader global economic uncertainties.
US President Donald Trump has postponed his ultimatum to bomb Iran's electricity grid and announced a tactical pause on strikes, claiming to have begun talks with Tehran and that 'regime change' is underway. However, Iran has denied engaging in talks with the US and warned against targeting its vital infrastructure.
Europe and Asia are concerned about their energy supply as new data reveals the extent to which oil and gas companies in the Middle East are forced to reduce production due to the Iran War.
An analyst states that geopolitical factors are now the primary driver for Europe's oil and gas companies, influencing their strategies and market positions.
The U.S. Supreme Court will weigh a bid from major oil and gas companies, including Exxon and Suncor, to block climate change lawsuits, with the Trump administration having previously supported the companies.