Focus on Oil
Drillers emit far more methane than US estimates, aerial survey shows
U.S. oil and gas basins are emitting around four times more planet-warming methane than federal regulators have estimated, survey shows
For decades, governments have subsidised fossil fuels. But why?
Despite growing climate concerns, fossil fuels still supply over 80% of global energy, driven by subsidies to ensure energy security and economic stability.
Prosecutors press Brazil regulators on Petrobras license to drill near Amazon mouth
Brazilian prosecutors urge Ibama to block Petrobras' Amazon drilling, demanding a response within three days or face penalties.
US oil and gas mergers continue at furious pace in Q2, says Enverus
Blockbuster has and oil mergers companies are continuing well into Q2 this year with $30bn in tie-up deals for fossil fuel giants.
BP delivers higher-than-expected profits and raises dividend
BP profits beat expectations but problems with refining business means figures are down year-on-year.
Trans Mountain Corp. to have new CEO as Farrell moves to board chair role
Trans Mountain says it is undertaking a CEO succession plan to replace Farrell, who has served as CEO since 2022.
Occidental to sell some Delaware Basin assets to Permian Resources for $818 million
Occidental, which is bidding a takeover of rival CrownRock, plans to sell up to $6 billion of assets within 18 months of closing...
European shares close lower in lead-up to Fed, earnings
Fears of a widening conflict in the Middle East and a raft of upbeat earnings updates have lifted the market, with pan-European STOXX...
