The reopening of the last of Libya’s oil fields and ports has prompted a resurgence of the energy industry, with the OPEC nation’s daily production jumping from less than 100,000 barrels in early September. SourceContinue Reading
After months of low oil and gas prices driven by weak demand, the world’s largest international oil companies have largely exhausted their financial defenses, leaving little room to maneuver if they’re dealt further blows. SourceContinue Reading
The demand outlook is still bleak with the European Union’s two biggest economies set to impose month-long movement restrictions as nations across the continent post record coronavirus cases. SourceContinue Reading
Regardless of either victorious candidate, any chance of balanced and proportionate climate and energy policy will be extremely difficult to salvage, writes Dennis McConaghy, retired TC Energy executive and author. SourceContinue Reading
Chevron posted a surprise profit as the oil supermajor slashed capital spending to cope with the pandemic-driven collapse in crude demand. SourceContinue Reading
Total continued to ride out tough times for the oil industry by posting third-quarter profit that exceeded the highest analyst estimate, paying down debt and maintaining a generous dividend. SourceContinue Reading
Exxon is confronting one of its biggest crises since Saudi Arabia began nationalizing its oilfields in the 1970s. If the company takes the full $30 billion impairment, it will be the industry’s worst in more than a decade. SourceContinue Reading
A Joe Biden victory on Nov. 3 would have a sweeping impact on mergers and acquisitions as he sets his sights on a higher corporate tax rate, new regulation and increased antitrust scrutiny. SourceContinue Reading
The Philippines has removed a major hurdle in advancing oil exploration with Beijing in the South China Sea, its top diplomat said, but the two nations will have to navigate their overlapping claims in the area to reach a deal. SourceContinue Reading
When former Vice President Joe Biden slipped up in last week’s final presidential debate and admitted, “I would transition from the oil industry. Yes,” it created an instant firestorm in a number of states, where the industry has a significant presence. SourceContinue Reading
