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Oil and Gas

Oil CEO rejects fossil fuel industry to blame for the climate crisis

by Milton Acorn
Oil CEO rejects fossil fuel industry to blame for the climate crisis

DUBAI, United Arab Emirates —The chief executive of UAE-based energy firm Crescent Petroleum on Tuesday claimed that blaming the oil and gas industry for the climate crisis “is like blaming …

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Categories Science

Record number of fossil fuel lobbyists attend UN climate talks

by Milton Acorn
Record number of fossil fuel lobbyists attend UN climate talks

A man wearing a thawb walks past flags of nations participating in the UNFCCC COP28 Climate Conference the day before its official opening on November 29, 2023 in Dubai, United …

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Categories Science

Venezuelans vote to claim sovereignty over part of oil-rich Guyana

by Milton Acorn
Venezuelans vote to claim sovereignty over part of oil-rich Guyana

President of the Bolivarian Republic of Venezuela, Nicolás Maduro, gestures as he speaks after the National Electoral Council published the results of the consultative referendum on Venezuelan sovereignty over the …

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Categories Science

A fossil fuel fight takes center stage at the COP28 climate summit

by Milton Acorn
A fossil fuel fight takes center stage at the COP28 climate summit

Sultan al-Jaber, president of the UNFCCC COP28 climate conference, speaks during day two of the summit on Dec. 2, 2023 in Dubai, United Arab Emirates. Sean Gallup | Getty Images …

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Categories Science

50 oil and gas companies pledge to cut operational emissions

by Milton Acorn
50 oil and gas companies pledge to cut operational emissions

DUBAI: Fifty oil and gas companies representing 40 percent of global production pledged to decarbonise their operations by 2050 at the UN’s COP28 climate talks in Dubai on Saturday.Saudi giant …

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Categories Science

Oil prices set to rise in 2024 after OPEC+ voluntary cuts

by Milton Acorn
Oil prices set to rise in 2024 after OPEC+ voluntary cuts

Processing towers stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., in Tuapse, Russia, on Monday, March 23, 2020. Andrey Rudakov | Bloomberg | Getty Images Oil prices are …

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Categories Science

Riyadh to extend 1 million-barrel-per-day cut as OPEC+ holds policy

by Adrian Jhonsan
Riyadh to extend 1 million-barrel-per-day cut as OPEC+ holds policy

The logo of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, on Thursday, July 6, 2023. Bloomberg | Bloomberg | Getty Images The influential Organization of the …

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Categories World

Brazil set to join the influential OPEC+ oil producers’ alliance

by Milton Acorn
Brazil set to join the influential OPEC+ oil producers’ alliance

On Sept. 27, 2023, the President of Brazil, Luiz Inacio Lula da Silva, will take part in a ceremony at the Planalto Palace to sign the concession contracts resulting from …

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Categories Science

OPEC+ producers to head into meeting amid quota dispute

by Milton Acorn
OPEC+ producers to head into meeting amid quota dispute

Saudi energy minister Abdulaziz bin Salman on Oct. 5, 2022. Bloomberg | Bloomberg | Getty Images The influential Organization of Petroleum Exporting Countries and its allies, collectively known as OPEC+, …

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Categories Science

Elliott takes $1 billion stake in Phillips 66, plans to seek two board seats

by Milton Acorn
Elliott takes  billion stake in Phillips 66, plans to seek two board seats

Elliott Management has taken a $1 billion stake in Phillips 66 and is seeking as many as two board seats as the company underperforms its peers, according to a Wednesday …

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Categories Science
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