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Tag: Oil (Petroleum) and Gasoline

Trump Administration Targets Obama-Era Effort to Limit Methane

Advertisement The Trump administration on Monday moved to repeal one of the last unchallenged climate-change regulations rushed into place in the waning days...

From Oil to Solar: Saudi Arabia Plots a Shift to Renewables

“All the big developers are watching Saudi,” said Jenny Chase, an analyst at Bloomberg New Energy Finance, a market research firm. Photo Saudi Arabia’s renewables strategy...

Exxon Studies Climate Policies and Sees ‘Little Risk’ to Bottom Line

Exxon’s vast fossil fuel reserves “face little risk” of being left in the ground, the company said. Less than 5 percent of its reserves...

Trump’s Environmental Rollbacks Were Fast. It Could Get Messy in Court.

Advertisement Interior Secretary Ryan Zinke at the Heritage Foundation in Washington in September.CreditAndrew Harnik/Associated Press WASHINGTON — As the head of the federal agency...

Exxon Mobil Tripling Its Bet on the Hottest U.S. Shale Field

Exxon Mobil, the nation’s largest oil company, said the tripling of oil and natural gas production would bring its output in the Permian Basin...

The Week Ahead: Data on Europe’s Economy, Job Numbers and Janet...

Photo Janet L. Yellen will preside over her final meeting as Federal Reserve chairwoman on Tuesday and Wednesday. But the full details of the tributes...

Oil Boom Gives the U.S. a New Edge in Energy and...

This year, the United States is expected to surpass Saudi Arabia and to rival Russia as the world’s leader, with record output of over...

T. Boone Pickens, a Texas-Size Businessman, Calls It Quits

A cantankerous self-made tycoon, Mr. Pickens shook up the oil business, promoted the concept of shareholder value and evangelized for renewable energy.

Oil Price Briefly Reaches $70 as Buoyant Global Economy Bolsters Demand

Without the buffer of that big inventory, the global energy market has become more sensitive to disruptions, whether real or prospective. For instance, the shutdown...

Trump Moves to Open Nearly All Offshore Waters to Drilling

President Trump signed an executive order in April requiring the Interior Department to reconsider Mr. Obama’s five-year offshore drilling plan, which had invoked an...

Deep Freeze in U.S. Creates Heating Squeeze for Homeowners and Utilities

Weather forecasts suggested the chill would stick for a while. As of Wednesday, a “powerful nor’easter” was bearing down on the East Coast, most...

Petrobras of Brazil to Pay $2.95 Billion Over Corruption Scandal

“The agreement is in the company’s best interest and that of its shareholders, given the risks of a verdict advised by a jury, particularities...

Once a Cash Cow, Venezuela’s Oil Company Now Verges on Collapse

Days later, a fire broke out in a separate refinery, Cardón, leaving only one of five distillation units functioning. Workers reported that the emergency...

Shell, Seeking to Curb Its Carbon Footprint, Buys Electricity Provider

First Utility, which is privately held, does not own wires or power plants, but obtains its electricity and natural gas through Shell. Mark Gainsborough, Shell’s...

Drilling in Arctic Refuge Gets a Green Light. What’s Next?

The Interior Department in September proposed allowing new studies, but it is unclear whether oil companies, if allowed, would undertake them, or whether the...

Shell and Eni to Be Tried Over $1.3 Billion Nigerian Oil...

The payment to the Nigerian government was intended to resolve a dispute over the tract, which was also claimed by a company called Malabu...

What Needs to Happen Before Electric Cars Take Over the World

Advertisement Workers at a drilling site in the Czech Republic.CreditGordon Welters for The New York Times On the slope of a thickly forested Czech...

BP, Once a Renewables Leader, Bets $200 Million on Solar

That figure is much lower, however, than the 18 percent in estimated average returns that a drilling project offers, in part because the newer...

Breakingviews: Exxon Climate U-turn: Investors Should Do Their Homework

Photo Exxon’s decision to comply with a shareholder request for information about how global warming will affect its business should be viewed with the company’s...

Tax Bill Offers Last-Minute Breaks for Developers, Banks and Oil Industry

That expansion would cost the government $114 billion more than an earlier version of the proposal. The provision would lower rates for taxpayers simply...

Score One for Corn: In Battle Over Biofuel, a Rare Setback...

Oil refiners said they were disappointed at the continuance of a policy they have called “rigged.” Such arguments appear to have been no match, however,...

Oil Producers, Led by Saudi Arabia and OPEC, Likely to Extend...

Oil prices reacted with relief on Thursday, with Brent crude rising about 1.2 percent at one point. The cuts agreed to a year ago,...

Conservationists Face Once-Remote Prospect in Arctic Drilling Fight: Defeat

The moment seems certain to be decisive on both sides of the battle. Drilling proponents see the measure as one of responsible energy development for...

Shell, to Cut Carbon Output, Will Be Less of an Oil...

Environmentalists gave the Shell pledge generally positive reviews. “It’s good that they are looking in the right direction,” said Dan Becker, director of the Washington-based...

OPEC Leader Cites ‘New Optimism’ With Oil Prices on the Rise

According to OPEC figures, the cartel has cut production by about 700,000 barrels a day from a year ago. Russia is holding back another...

Venezuela Appoints General to Tighten Grip on Oil Industry

General Quevedo joins several current and retired military officials whom Mr. Maduro has named to leadership posts in his government, including a general who...

U.S. Bribery Case Sheds Light on Mysterious Chinese Company

CEFC has risen suddenly from a little known Chinese company to a major player in the global energy business, with investments in Europe, the...

Norway’s Wealth Fund Considers Divesting From Oil Shares

Although it is Europe’s top oil producer, Norway is also a leader in the movement to control climate change. With hefty incentives, roughly 40...

Angolan Leader Ousts Predecessor’s Daughter as Oil Chief

Ms. dos Santos was appointed as head of Sonangol last year even though she had no management experience in the oil industry. Known mockingly...

America’s ‘Renaissance’ to Gains for Renewables: Global Energy Trends

Here are some of the most important themes to be found in the report. ‘Energy Renaissance’ Energy production in the United States will continue to shake...

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