Markets

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.

US energy major has implemented substantial reductions in oil-refinery investments in California, citing the state's

The oil cartel, in a recent letter to its members and allies, has vehemently opposed any potential agreement at COP28 that advocates for the phaseout of fossil fuels.

On the eve of the COP28 UN climate change summit in Dubai, Iraq, OPEC's second-largest oil producer, declared its stance against any phasedown or phaseout of fossil fuels.