Focus on Oil
Chevron CEO says no discussions with President-elect Trump on Venezuela
Chevron maintains operations in Venezuela, aligning with U.S. policy; CEO Wirth notes Russian and Chinese firms could replace them if they exit.
Norway wealth fund hits record 20 trillion crowns
Norway's fund owns about 1.5% of all listed stocks globally.
Oil prices fall on supply glut fears despite OPEC+ output cut extension
OPEC+ has postponed planned supply increases and extended deep output cuts to the end of 2026.
Canadian oil province Alberta cleans up 5% of inactive wells in 2023
Alberta now has 79,000 wells classed as inactive versus 83,000 in 2022.
Environmentalists are headed to court over proposed oil well in vulnerable Florida watershed
Environmentalists sue to block oil drilling in Florida’s biodiverse Apalachicola watershed, citing risks to one of earth’s rare ecosystems.
Northern Ireland moves to ban fracking
Northern Ireland backs fracking ban, advancing renewable energy goals and aligning with net-zero targets; legislation in 2025.
Number of inactive oil and gas wells in Alberta fell five per cent in 2023: report
Alberta oil producers spent $769M on well cleanups in 2023, exceeding provincial requirements as inactive wells dropped by five per cent.
Shell, Norway’s Equinor to form joint UK oil and gas firm
The joint venture "will be the UK North Sea's biggest independent producer."
Equinor and Shell to create the UK’s largest independent oil and gas company
Equinor UK Ltd, a subsidiary of Equinor ASA (OSE: EQNR, NYSE: EQNR, “Equinor”) and Shell UK Limited, a subsidiary of Shell plc (LSE:...
