Focus on Oil
Finland says oil tanker linked to subsea cable damage has serious deficiencies
Baltic Sea nations are on high alert following a string of power cable, telecom link, and gas pipeline outages.
Shell warns of £1bn cash hit from emissions certificates payments
The energy major said on Wednesday that the charge is “related to timing of payments of emissions certificates” in Germany and the US.
EU warns of ‘serious blow’ from Trump on climate change
Global climate efforts face a setback if Trump exits the Paris Agreement again, warns EU climate chief Hoekstra.
Alaska sues Biden administration over oil and gas leases in Arctic refuge
Alaska sues Biden administration over restrictions on Arctic refuge drilling, claiming violations of Congressional mandates.
Exxon Mobil Corp. sues California attorney general for defamation over plastic recycling claims
The oil and gas giant seeks unspecified damages and retractions of 'defamatory statements.'
Why Greenland? Remote but resource-rich island occupies a key position in a warming world
Locked inside Greenland are valuable critical minerals such as uranium, billions of untapped barrels of oil and a vast supply of natural gas.
Exxon Mobil signals oil refining results to hurt Q4 profits
Exxon Mobil projects a $1.6B Q4 earnings drop amid weaker oil prices and refining results, anticipating $600M in impairments.
Biden team wraps up expanded clean energy credit guidance
Biden finalizes clean energy tax credit guidance, extending IRA benefits to diverse low-carbon power sources amid climate change push.
Trump says he will revoke Biden offshore drilling ban immediately
Donald Trump says he will revoke the offshore oil and gas drilling ban announced by outgoing Democratic President Joe Biden.
