Exxon Mobil Corp.’s credit rating was lowered one notch by S&P Global Ratins even as oil prices rebound from a historic pandemic-driven crash. Exxon is now rated ‘AA-’ with a negative outlook, S&P said in a statement on Thursday. The rating agency warned earlier this year that oil explorers risked …

Iraq said the OPEC+ oil cartel is unlikely to change its production policy at next month’s meeting and repeated promises to deliver overdue output cuts, even as the Arab nation’s economy reels. The group of crude exporters meets on March 4 and members will probably agree to keep output steady …

Emissions from China of a banned gas that harms Earth’s ozone layer have sharply declined after increasing for several years, two teams of scientists said Wednesday, a sign that the Beijing government had made good on vows to crack down on illegal production of the industrial chemical. The findings ease …

Iraq said the OPEC+ oil cartel is unlikely to change its production policy at next month’s meeting and repeated promises to deliver overdue output cuts, even as the Arab nation’s economy reels. The group of crude exporters meets on March 4 and members will probably agree to keep output steady …

The share of solar energy in India’s power generation could equal coal fired output by 2040, the International Energy Agency (IEA) said yesterday, driven by falling renewable tariffs and a government push to increase green energy use. “Solar power is set for explosive growth in India, matching coal’s share in …

Saudi Aramco is preparing a financing package of up to $10 billion that it could offer to buyers of its pipeline business unit, Reuters reported, citing three sources. The Saudi oil giant is in talks with banks to provide “staple financing”, which is a financing package provided by the seller …

Qatar Petroleum took this week the final investment decision to build what it says would be the world’s largest liquefied natural gas (LNG) project in terms of capacity, as the tiny Gulf nation and top global LNG exporter aims to raise its annual production by 40 percent by the end …

Iraq is committed to the OPEC+ output cuts and will only boost its future crude production if there is demand from international oil markets, a deputy oil minister told the state-run Iraqi News Agency Feb. 9. “Iraq is committed to the [OPEC+] agreement to cut production in light of the …

French supermajor Total is rebranding as it accelerates a shift away from oil and into renewables and the wider power sector, a move its CEO claimed shows it is “more than serious” about the energy transition. Total – one of the leading fossil giants in terms of renewable energy ambitions …

Laying of the pipeline segment of the Nord Stream 2 pipeline in Danish territorial waters is planned to be completed in April 2021, department head of Gazprom Anton Demchenko said at a teleconference with investors on Tuesday. “Construction of the gas pipeline in Danish waters continues. This is the main …