The downing of a Malaysia Airlines jetliner last week is further straining relations between Russia and the West over Ukraine. That could spell trouble for several major oil companies operating in Russia.
North Dakota Gov. Jack Dalrymple wants to expand his state's oil pipeline capacity, after the state's oil production reached the 1 million barrels per day mark. But, many worry about the potential environmental consequences such as oil spills.
Oil companies ExxonMobil and BP defy the United States by collaborating with Russia in the energy sector. ExxonMobil and BP have separately signed agreements with Rosneft, Russia's state-owned oil company.
Major oil and gas companies have an opportunity to lead the global fight against climate change, according to Christiana Figueres, the United Nations' climate change chief. Traditional energy firms say they are already cutting emissions, but Ms. Figueres offered both environmental and economic reasons for doing more.
Russia’s upper house of parliament is considering measures that would allow it to seize the property and assets of European and US companies in the event of sanctions against Russia. The economic damage of such a self-defeating move should give the Russian leadership pause.
Oil and gas multinationals record billions in profits, but a shifting energy landscape has taken its toll. Shell and Exxon Mobil posted disappointing earnings, further evidence the US oil boom isn't boosting the usual suspects.
Mexico’s energy reform will unfortunately only isolate Europe further from the shale oil and gas revolution taking place in North America, Grealy writes. Funds desperately needed for the European energy sector will flow to governments that are truly serious about shale.
Changing energy portfolios are factoring into oil supply and demand equations in the future. The potential for Iran to return to oil markets could particularly shake up OPEC and the global outlook.
Phillips 66 and green crude oil pioneer Sapphire Energy, Inc., have agreed to work together to develop crude oil derived from algae to the commercial level. The project offers the promise of a renewable form of domestic oil, but development will take decades.
Large companies may be willing to pay for their emissions. Major companies including Walmart, American Electric Power and the five major oil companies have all incorporated carbon emission costs into their financial plans, according to a report by environmental data company CDP.