Markets

The South Pacific's government is planning to overturn the ban on new oil and gas exploration imposed in 2018, aiming to address energy security challenges posed by declining natural gas reserves.

Canada faces potential economic losses amounting to US$55B (C$75B) in upstream investment by 2035 if a stringent 40% emissions cap is enforced starting in 2030.

The British energy major is grappling with pressure to relax its ambitious pledge to significantly reduce oil and gas production by 2030.

Environmental activists, spearheaded by groups like the Sierra Club, are intensifying their efforts to persuade the US Biden Administration to halt the permitting of proposed crude oil export facilities.

Amidst a global shift towards renewable energy, Oman has reaffirmed its commitment to the essential role of hydrocarbons within its energy strategy, as expressed by industry officials at the Oman Petroleum and Crude Show in Muscat.

Top executives from leading energy corporations, including Shell, Saudi Aramco, ExxonMobil, bp, and Chevron, convened at the CERAWeek by S&P Global conference to address the evolving dynamics of the global energy landscape.

The South Pacific country's Associate Energy Minister, Shane Jones, spearheads an assessment to explore the feasibility of reinstating refining operations at the Marsden Point fuel import terminal.

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.