Post Tagged with: "big oil"
An industry ‘operating on borrowed time’: Energy experts on the increasing risks ahead for Big Oil
LONDON — Big Oil endured a brutal 12 months by virtually every measure last year and the global oil and gas industry faces significant challenges and uncertainties as it seeks to recover.
In 2020, the coronavirus pandemic coincided with …
Big Oil hits brakes on search for new fossil fuels
LONDON – Top oil and gas companies sharply slowed their search for new fossil fuel resources last year, data shows, as lower energy prices due to the coronavirus crisis triggered spending cuts.
Acquisitions of new onshore and offshore exploration …
Big Oil execs say they’re not worried about Biden’s energy plan, hope to ‘get his staff on board’
LONDON — The prospect of a Joe Biden presidency and the most progressive climate strategy the U.S. has ever attempted is not something that should concern the energy industry, oil and gas executives have told CNBC.
Instead, they hope …
The coronavirus pandemic is debunking some long-held myths of the energy industry
The coronavirus pandemic has exposed some hard truths to the world’s largest oil and gas majors, energy analysts have told CNBC, with many reeling after historic second-quarter losses laid bare the financial frailty of the industry.
“Big Oil” companies,
Big Oil braces for second-quarter losses after virus whips up perfect storm
LONDON – Top U.S. and European oil and gas companies are forecast to swing into a second quarter loss after coronavirus lockdowns destroyed fuel demand, hit prices and squeezed margins, analysts said and Refinitiv Eikon data showed.
The expected
Big Oil shows new commitments to offshore African projects
A bevy of Big Oil majors are making new commitments to developing oil and gas projects in West Africa, specifically in Senegal, Mauritania and Angola.
The British energy major BP said its three-well exploration campaign offshore of Senegal …
