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The Gas Exporting Countries Forum (GECF) is supporting the EU’s intention to consider gas as a sustainable source of energy under the new green labelling system. This was announced by HE Yury Sentyurin, Secretary General of the association of 19 leading gas-exporting countries while speaking as a keynote at the …

A slump in Europe’s travel industry could have a knock-on effect for oil and gas as lockdowns spread across Europe once again. European airline shares plunged this week as Germany, France and Italy all announced new lockdown measures to be introduced over and beyond the Easter period. Vacation travel is …

These are unprecedented times for the oil and natural gas industry as it navigates pandemic-driven demand destruction, investor calls to adapt to a carbon-constrained world, and new regulatory threats from the Biden administration. The dreadful outlook for oil and gas producers is why more consolidations are likely in the months …

The world has only a few months to prevent the energy industry’s carbon emissions from surpassing pre-pandemic levels this year as economies begin to rebound from Covid-19 restrictions, according to the International Energy Agency. New figures from the global energy watchdog found that fossil fuel emissions climbed steadily over the …

Shell is accelerating its commitment to reach net zero emissions, with the oil company now aiming to zero out its impact on the environment by 2050. The 2050 date isn’t exactly new for Shell, it had already promised that its energy business would achieve net zero by this date, although …

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 …

The Covid-19 pandemic has caused a drop in demand and prices like never before. Here’s how global oil giants are dealing with the mounting losses. Global oil giants posted massive losses in 2020, as the coronavirus pandemic brought oil and gas demand to a grinding halt and caused already-weak prices …

German Chancellor Angela Merkel on Friday stood by her backing for a German-Russian gas pipeline project despite the Navalny case and the threat of U.S. sanctions Merkel said her government’s position on Nord Stream 2 is still unaffected by tensions over Russian opposition leader Alexei Navalny who recovered in Germany …

ExxonMobil and Chevron bosses last year discussed merging the two biggest oil producers in the U.S., Bloomberg News reported on Monday, citing unnamed sources with knowledge of the meeting. According to Bloomberg, ExxonMobil chief executive officer Darren Woods and Chevron CEO Michael Wirth discussed a potential consolidation of the oil …

Despite the devastating downturn of 2020, most global majors held up quite well during the market turmoil, a Rystad Energy comparative analysis reveals after measuring key upstream performance metrics. Total outshined all other peers, as the French company not only exceled in financial and operational performance, but also was the …