Focus on Oil
Shares of Parex Resources drop after company cuts production forecast
Parex Resources shares fell 28% after cutting 2024 production guidance and announcing CFO Sanjay Bishnoi's departure.
Marathon Oil shareholders vote in favor of $16 billion ConocoPhillips deal
Marathon Oil shareholders on Thursday approved the U.S. oil producer's nearly $16 billion acquisition by ConocoPhillips, the company said.
UK drops legal defence for Rosebank and Jackdaw oil and gas fields
UK Government will not challenge judicial reviews brought against fossil fuel developments in order to “save the taxpayer money”.
Ukraine says it attacked oil facilities, military depot in Russia
Fire breaks out in Rostov region as Russian oil facility attacks form part of Kyiv's strategy to target energy infrastructure.
Ecuador starts to shut down oil drilling on nature reserve
Ecuador begins shutting down oil wells in Yasuni reserve after voters approved a referendum to end drilling for environmental reasons.
Ecuador voted to stop oil drilling in heart of Amazon. It hasn’t happened
Government seeks a five-year extension to the end of Amazon oil drilling in Ecuador as activists say there is no 'political will' despite...
Lego to replace oil in its bricks with pricier renewable plastic
Famous toymaker aims to bring down the fossil fuel content in its products – without making renewable plastic Lego bricks more expensive for...
TOTSA TotalEnergies Trading to pay $48 million for attempted market manipulation
The U.S. regulator fined TOTSA $48M for attempting to manipulate European gasoline futures by flooding the market.
Once-acquisitive Chinese oil giant looks to revive global dealmaking
CNPC eyes oil deals and investments across the globe amid stagnant output at home in China.
Shell to shut-in portions of Louisiana Zydeco oil pipeline for maintenance
The Zydeco pipeline system has four segment and ships crude oil from Houston, Texas to St. James, Louisiana.
