Saturday, 22 February 2025
FILE PHOTO: Plastic letters arranged to read "Sanctions" are placed in front of Russian flag colors in this illustration taken February 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessCourtsLegislationNewsOil

Oil tycoon Shvidler says UK sanctions are arbitrary in landmark appeal

In the first case of its kind to reach the UK's Supreme Court, a billionaire oil tycoon challenges UK sanctions.

Iraqi Prime Minister Mohammed Shia al-Sudani (L) met British counterpart Keir Starmer as he visits London (POOL)
ElectricityNatural GasNewsOilTrade

BP nears deals for oil fields, curbs on gas flaring in Iraq

The mega-project in northern Iraq will include plans to recover flared gas to boost the country's electricity production.

News Release

DNO Receives 13 Awards in Norway’s APA Licensing Round

Oslo, 14 January 2025 – DNO ASA, the Norwegian oil and gas operator, today announced that its wholly-owned subsidiary DNO Norge AS has...

FILE PHOTO: The Supreme Court is pictured, in Washington, D.C., U.S., October 21, 2024. REUTERS/Kevin Mohatt/File Photo
BusinessClimateEmissionsEnvironmentIndigenousNatural GasNewsOilPoliticsRegulations

US Supreme Court rejects bid by oil companies to toss Honolulu’s climate suit

US Supreme Court rejects oil firms' appeal to dismiss Honolulu's climate lawsuit accusing them of decades-long deception.

News Release

Devon Energy Announces Updates to Executive Leadership Team

OKLAHOMA CITY, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) today announced key updates to its executive leadership team. The...

FILE PHOTO: The BP logo is seen at a BP gas station in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/ File Photo
BusinessFuelNatural GasNewsOil

BP projects 44% jump in oil output from India’s largest field, ONGC says

The increase in production is expected to begin in the next fiscal year starting April 1.

News Release

Advanced Ionics Raises $6.7M to Accelerate Technology Commercialization and Deployment

MILWAUKEE, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Advanced Ionics, the developer of a new class of green hydrogen electrolyzers aimed at accelerating decarbonization,...

News Release

BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the Fourth Quarter of 2024, Termination of the Trust on December 31, 2024, Commencement of Winding-Up of the Trust, and Receipt of Notice From NYSE Regarding Non-Compliance With Continued…

HOUSTON--(BUSINESS WIRE)--  BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the Fourth Quarter of 2024, Termination of the Trust on December...

News Release

Kosmos Energy Announces First Gas at the Greater Tortue Ahmeyim LNG Project in Mauritania and Senegal

DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) notes the announcement today from bp plc (operator) that first gas production has been achieved at the Greater...

FILE PHOTO: An aerial view shows an oil factory of Idemitsu Kosan Co. in Ichihara, east of Tokyo, Japan November 12, 2021. Mandatory credit Kyodo/via REUTERS/File Photo
AnalysisBusinessElectricityFuelNatural GasNewsOffshore WindOilSolarWind

Big Oil backtracks on renewables push as climate agenda falters

Major European energy companies are slowing and sometimes reversing their renewables investments.

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