Markets

The UK-based supermajor is contemplating a shift in its emission reduction strategy, aiming to become a net-zero emissions energy business by 2050.

Activist investor Bluebell Capital Partners is urging bp to abandon its commitment to reducing oil and gas output, arguing that the company's current strategy is destroying shareholder value.

Decarbonizing refineries is a critical step in mitigating the environmental impact of the refining process. The selection of crude oil and refining strategies play pivotal roles in achieving this goal.

Refineries, pivotal in the global energy landscape, are exploring pathways to reduce greenhouse gas (GHG) emissions.

There are perspectives on the energy transition from various angles, covering Saudi Arabia's capacity halt, TotalEnergies' warning, Invenire Energy's stance on upstream investments, and the IEA's emphasis on transition in energy security.

Petrobras Chief Executive, Jean-Paul Prates, expressed the company's preparedness for the challenges of the energy transition and the global oil crisis during a meeting with investors in New York.

Pathways Alliance, a collaboration among Canada's six largest oil sands companies (including Canadian Natural Resources, Cenovus, ConocoPhillips, Imperial Oil, MEG Energy, and Suncor Energy), is making substantial strides towards a transformative emissions reduction goal.

One of the world's major energy players, UK-based Shell has initiated a significant round of layoffs as part of its efforts to enhance efficiency and value creation.

Newly approved North Sea oil projects, including the Rosebank field, are facing scrutiny as a study by the Energy and Climate Intelligence Unit suggests their contribution to the UK's petrol needs will be minimal, estimated at less than 1% within seven years.

Exxon Mobil Corp, the largest U.S. oil producer, is set to face a significant downturn in its fourth-quarter earnings, projecting a 30% decline to approximately $8.9B.