U.S. & International

Shell splits up global renewable power unit in new CEO’s shakeup

Friday, March 31, 2023, 6:39 AM MDT

Shell plc is splitting up its global renewable power business as new Chief Executive Officer Wael Sawan puts his imprint…

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Iraqi oil shutdowns worsen as Gulf Keystone cuts output

Friday, March 31, 2023, 6:36 AM MDT

Gulf Keystone Petroleum Ltd. will become the latest oil producer in Iraqi Kurdistan to cut production, as a legal spat…

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Russian oil price cap to stay at $60, European governments told

Friday, March 31, 2023, 6:31 AM MDT

The European Commission told member states that a $60-a-barrel cap on the price of Russian oil is proving effective in…

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Judge orders US to resume oil, gas leasing in North Dakota

Thursday, March 30, 2023, 7:07 AM MDT

A federal judge has ordered the U.S. government to resume oil and gas lease sales on federal lands in North Dakota,…

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UK unveils green program with little new cash to fight US plans

Thursday, March 30, 2023, 7:01 AM MDT

The UK unveiled its strategy to speed up the deployment of renewable power and capture carbon, part of a plan…

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Shell CFO says shareholders focusing more on energy security

Thursday, March 30, 2023, 6:58 AM MDT

Shell plc investors are showing more interest in energy security in the wake of the crisis triggered by Russia’s invasion…

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Russia still uses Western insurance for half of oil shipments

Thursday, March 30, 2023, 6:48 AM MDT

Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according…

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Companies bid $264M in Gulf oil sale mandated by climate law

Thursday, March 30, 2023, 6:29 AM MDT

Oil companies offered a combined $264 million for drilling rights in federal waters in the Gulf of Mexico on Wednesday…

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US to auction Gulf of Mexico oil under climate compromise

Thursday, March 30, 2023, 6:22 AM MDT

Companies have offered bids on more than 2,600 square miles (6,700 square kilometres) of federal oil and gas leases in…

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CNOOC’s earnings soar on energy crisis, oil price windfall

Wednesday, March 29, 2023, 6:55 AM MDT

CNOOC Ltd. reported record annual profits as China’s biggest offshore oil and gas driller reaped the benefit of last year’s…

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New California gas price law another defeat for oil industry

Wednesday, March 29, 2023, 6:33 AM MDT

It was just a few weeks ago that California Gov. Gavin Newsom called the oil industry the second most powerful force…

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BP, Adnoc plan to buy 50% of Israel’s NewMed in push for gas

Tuesday, March 28, 2023, 7:19 AM MDT

BP plc and Abu Dhabi National Oil Co. will form a natural gas joint venture and have made an offer…

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