One of Exxon Mobil Corp.‘s largest shareholders. Legal &. General Group Plc. has divested 19 of its funds from the company and will ask its clients if it can withdraw more money. saying the oil and gas producer isn’t adequately addressing climate change.
Read More »Oil Heads for Weekly Rise as US-Iran Tensions Worsen
Oil in London headed for its biggest weekly gain since February as escalating tensions between the U.S. and Iran fanned fears of conflict that would disrupt energy supplies from the Middle East.
Read More »Teekay FPSO Deal for Alpha’s Cheviot Field Falls Through
Alpha Petroleum’s plans for developing its flagship UK North Sea field appear to have suffered a blow after its floating production vessel deal with Teekay was terminated.
Read More »How Norway’s Rain and Snow Will Soon be Powering UK Homes with Green Energy
Water flowing from mountains to fjords in Norway will soon be helping power British homes. as the world’s longest ``interconnector`` hooks up the two countries’ grids.
Read More »Oilfield Service Firms Starting to Lift Prices
After several years in the doldrums. oilfield service companies are beginning to raise prices for their products and services. according to Rystad Energy.
Read More »New $450m Initiative to Help Small Island States Fight Pollution
It is expected to prevent the release of more than 23.000 metric tons of toxic chemicals and 185.000 metric tons of marine litter.
Read More »EU. Japan and US to Cooperate on Hydrogen and Fuel Cells
They believe the technologies could bring significant benefits to the energy sector. the economy and the environment.
Read More »Nord Stream 2 is Ready for almost 60%
Earlier it was reported that the U.S. Administration plans to impose sanctions against Nord Stream 2 project.
Read More »Russia. India Discuss IPI Gas Agreement
Russia is currently discussing signing a memorandum with India on the Iran-Pakistan-India (IPI) gas pipeline project.
Read More »Oil Prices Jump 5% on US-Iran Tensions
Concern about slowing economic growth and a US-China trade dispute has pulled oil lower in recent weeks.
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