The judge issued his order Monday hours after holding a hearing in the closely watched case over Exxon’s novel move to use the courts to keep ESG investor bids out of annual meetings. The suit was part of a broader corporate pushback to the power wielded by the U.S. Securities and Exchange Commission in the...Continue Reading

The acquisition will consolidate more assets in the hands of what is already the world’s biggest LNG player, at a time when demand for LNG expands faster than other fossil fuels. Major energy producers, including Shell and Chevron Corp., assert that natural gas will play a long-term role in the energy transition. SourceContinue Reading

The estimated global expenditure on hydrogen production for energy purposes from now until 2050 is expected to reach $6.8 trillion, with an additional $180 billion allocated for hydrogen pipelines and $530 billion for the construction and operation of ammonia terminals. SourceContinue Reading

Vallourec low-carbon high performance OCTG solutions will contribute to the development of the Bacalhau and Raia fields operated in the pre-salt, as well as the Peregrino field in the post-salt, while contributing to Equinor’s Energy Transition Plan to reach net zero by 2050. SourceContinue Reading

Texas, Louisiana, and Mississippi have sued the U.S. government to block a proposed rule by the Biden administration that would require offshore oil and gas companies to provide nearly $7 billion in financial assurances for decommissioning old infrastructure. SourceContinue Reading

Angola aims to produce 1.1 MMbopd by 2027, with plans to reach 2 MMbpd in the long-term. At the same time, the country aims to increase the share of natural gas in the energy mix to 25% by 2025, highlighting strategic opportunities for foreign investors and project developers. SourceContinue Reading

Coordinated crude production reductions by the Organization of Petroleum Exporting Countries (OPEC) and its allies have led to a balanced global oil market, according to U.S. shale giant EOG Resources Inc. SourceContinue Reading

The combination of AGR and Ross Offshore will further strengthen the group’s centre of technical excellence in wells, reservoirs and marine & survey management. SourceContinue Reading

Ahead of the first presidential debate, API is calling both candidates, as well as policymakers on both sides of the aisle, to leverage America’s energy resources to help protect consumers and cement U.S. energy leadership. SourceContinue Reading

Sheffield hired Brownstein Hyatt Farber Schreck LLP to lobby on “issues related to the FTC,” according to a recently filed disclosure report. SourceContinue Reading