The Latest

Investment

Canadian Government Commits $320 Million to Aid Offshore Oil Industry

Newfoundland and Labrador is the third-largest oil-producing province in Canada, producing 5% of the country's crude in 2018. Low oil prices have forced producers to cut spending and output globally.

September 25, 2020

Crude Oil

Iran’s Oil Exports Jump in September Defying US Sanctions

Exports have shrunk from over 2.5 million bbl/d since the U.S. withdrew from a nuclear deal with Iran and reimposed sanctions in 2018. Still, Iran has been working to get around the measures and keep exports flowing.

September 25, 2020

Public Capital

BP Battles to Calm Investor Jitters as Shares Sink to 25-year Low

Concerns over COVID outweigh any optimism on the oil major’s grand plan tied to the energy transition.

September 25, 2020

Legislation

Mexican President Holds Back Energy Counter-Reform, For Now

Mexican President Andres Manuel Lopez Obrador said on Sept. 24 he may reverse Mexico’s 2013-2014 energy liberalization next year if he is unable to “rescue” state oil company Petroleos Mexicanos and electricity utility CFE with existing laws.

September 25, 2020

Private Equity

Vanguard, BlackRock Add New Climate-focused ETFs as Demand Soars

Top asset managers Vanguard Group Inc. and BlackRock Inc. on Sept. 24 introduced new exchange-traded funds that exclude oil companies, coal producers and other industries that a growing number of investors want to avoid.

September 25, 2020

Investment

Global Climate Goals ‘Virtually Impossible’ Without Carbon Capture, IEA Says

Up to to $160 billion investment in carbon capture technology is need by the growing number of countries and companies targeting net-zero CO₂ emissions by around 2050, the IEA says.

September 24, 2020

Infrastructure

Mountain Valley Seeks OK to Restart Construction of Appalachia Gas Pipeline

Equitrans started construction of the Mountain Valley pipeline in February 2018 designed to deliver 2 Bcf/d of natural gas from the Marcellus and Utica shale.

September 24, 2020

Business

Oil-trading Bribery Probe Widens with new US Charges, Guilty Pleas

Authorities in the United States and Brazil are investigating improper payments to officials at Petrobras, Brazil's state-run oil company, as part of Brazil's far-reaching corruption probe, known as Car Wash.

September 24, 2020

Markets

California Plans Ban on Sale of New Gasoline-powered Passenger Vehicles

In a statement, White House spokesman Judd Deere called the move by California "alarming" and said it would destroy jobs and raises consumer costs.

September 23, 2020

Emissions

Wood, SGN Partner to Create Decarbonization Roadmap in Scotland

Wood and gas distribution network company SGN are working together to evaluate and deliver short, medium and long-term solutions for the cross-sectoral decarbonization of the north east and east coast of Scotland, the companies said on Sept. 23.

September 23, 2020