The Biden administration took steps to limit both oil and gas drilling and mining in Alaska, angering state officials who said the restrictions will cost jobs and make the U.S. reliant on foreign resources
President Joe Biden’s administration finalized a range of reforms designed to boost returns and address environmental harms from drilling on public lands, a move that will increase fees for oil and gas companies that operate there
The president of COP28, Sultan Al Jaber, stated that the China National Petroleum Corp (CNPC) will soon join the commitment of oil and gas companies to reduce methane emissions to zero by 2030 and achieve net-zero emissions before 2050
Shell weakened a 2030 carbon reduction target and scrapped a “perilous” 2035 objective, citing expectations for strong gas demand and uncertainty in the energy transition even as it affirmed a plan to cut emissions to net zero by 2050
Methane emissions from the energy sector remained near a record high in 2023 despite commitments from the sector to plug leaking infrastructure in a bid to combat climate change, a report by the International Energy Agency said
Brazilian state-owned oil company Petrobras and its partners will invest around $1.5 billion to implement decarbonization technology in one of its fields, informed the company’s CEO
According to EY’s latest report, solar and wind energy will power “almost everything” for the next decade. Renewables, in general, will align supply with demand, and oil and gas will become more environmentally friendly
The agreement was reached after two weeks of intense negotiations and represents a milestone by directly addressing the need to gradually eliminate the use of oil, gas, and coal
The top Arab energy ministers of OPEC arrived in Doha to participate in the 12th Arab Energy Conference, as countries face off at the COP28 UN climate summit over a potential agreement to phase out fossil fuels gradually
The head of Brazil’s state oil firm Petrobras said it will sign a memorandum of understanding with mining giant Vale to study potential joint ventures in renewable energy, even as looks to new suppliers for diesel
