Oil & Gas industry

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Friday, 9 February, 2024

Labour Party UK
Labour drops plan to backdate UK windfall tax on oil and gas
Limited concession does little to cool industry anger over party’s plan to extend levy by two years
Thursday, 8 February, 2024

NK Rosneft' OAO
Rosneft warns Berlin over plan to nationalise its German assets
Germany said to be considering expropriating refineries owned by Kremlin-controlled company
Thursday, 8 February, 2024

Pensioenfonds Zorg en Welzijn
Big European fund sells €2.8bn in oil holdings because of slow moves on climate
Dutch pension fund PFZW drops Shell, BP and TotalEnergies from portfolios
Thursday, 8 February, 2024

LexNatural gas
Who are the unintended winners from Biden’s US LNG ban? Premium content
Companies that have secured US regulatory approval might be pleased to see the door slam behind them
Thursday, 8 February, 2024

InterviewNorway's Oil Fund
Norway oil fund boss criticises ExxonMobil’s ‘aggressive’ climate lawsuit
Top-10 shareholder weighs in on supermajor’s case against now-withdrawn emissions targets proposal
Wednesday, 7 February, 2024

Disrupted Times
UK developers weather property downturn
Also in this newsletter: Uber into profit, Trump courtroom showdowns, the return to the office
Wednesday, 7 February, 2024

News in-depthExxonMobil
ExxonMobil takes legal hammer to climate shareholder groups
Oil supermajor’s case against Follow This and Arjuna Capital grabs attention of corporate America
Wednesday, 7 February, 2024

Interview
Petrobras plans $100bn in spending to persist through ‘fade-out of oil’
State-owned Brazilian energy group’s CEO embraces exploration, global expansion and renewables
Wednesday, 7 February, 2024

Woodside and Santos call off merger talks to create Australian LNG giant
$52bn deal between country’s two largest oil and gas companies would have created dominant liquefied natural gas provider
Tuesday, 6 February, 2024

Energy Source
The clock is ticking on the nuclear renaissance Premium content
Also in today’s newsletter, Exxon scares off climate campaigners in blow to shareholder activism
Tuesday, 6 February, 2024

BP PLC
BP targets boost for returns as it delivers second biggest profit in a decade
UK oil major’s shares climb 6% as new boss expands share buybacks and pledges to ‘simplify’ business
Monday, 5 February, 2024

Poland
Polish auditor claims oil group sold assets for less than they were worth
Report says Orlen engaged in cut-price disposals to complete merger with rival
Sunday, 4 February, 2024

Interview
Biden decision will ‘erode confidence’ in LNG industry, Shell CEO says
Oil executives hit out at administration’s move to pause approvals for LNG export terminals
Friday, 2 February, 2024

ExxonMobil
Investors pull ExxonMobil climate motion after oil supermajor sues
Follow This and Arjuna Capital had called on US company to set more ambitious climate targets
Friday, 2 February, 2024

ExxonMobil and Chevron notch second-biggest annual profits in decade
Surging US oil production boosts earnings despite slide in prices after record 2022
Thursday, 1 February, 2024

Shell PLC
Shell raises dividend after second-highest cash flow in its history
Oil major announces further $3.5bn of share buybacks as 2023 profits top $28bn
Thursday, 1 February, 2024

Energy Source
A closer look at Biden’s LNG export freeze Premium content
Behind the outrage and political posturing, this is what it actually means for the industry
Thursday, 1 February, 2024

News in-depth
Chevron loses shine with investors after bumpy year
US oil major’s shares lag those of ExxonMobil as analysts question production and climate trends
Wednesday, 31 January, 2024

Moral Money
BP’s activist challenge raises some awkward questions Premium content
Hedge fund letter highlights problematic incentives for energy sector
Wednesday, 31 January, 2024

Shipping
Red Sea vessel diversions spur fuel tanker rates and diesel prices
The latest Houthi attack — on a vessel working for Trafigura — has tightened fuel tanker and oil products markets
Wednesday, 31 January, 2024

European diesel prices squeezed by supply disruption fears
US production cuts add to Red Sea security concerns
Tuesday, 30 January, 2024

Saudi Aramco
Saudi Arabia ditches plan to raise oil production
World’s biggest exporter says it will no longer seek to increase output to 13mn barrels a day
Tuesday, 30 January, 2024

Lex
The days of $100 oil prices are over Premium content
Demand will continue but potential world supply is likely to peg back the cost
Tuesday, 30 January, 2024

Energy Source
Mexico’s US natural gas dependency tested in election year Premium content
Also in today’s newsletter, an investigation into the Turkish terminal helping disguised Russian oil reach Europe
Tuesday, 30 January, 2024

US politics & policy
Biden factors domestic energy costs into decision to pause LNG permits
Debate over climate effects of gas exports comes as White House contends with inflation

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