Page 34 - Shell Plc News Today

Six major oil companies each contributed tens of millions of dollars to a grant fund meant to help state-owned rivals cull the release of super-warming methane emissions, but Chevron Corp. and Exxon Mobil Corp. didn’t join in.

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

The deal will be controversial given none of the companies are agreeing to reduce oil and gas production.

Fifty oil companies representing nearly half of global production have pledged to reach near-zero methane emissions and end routine flaring in their operations.

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As part of a strategic review, Waldorf has “spoken to most of the independents in the UK about how we can get a better risk-adjusted return on our business,” he said during an investor update Thursday.

Indigenous oil firm Seplat is now moving towards achieving its expansion goal with more asset acquisition as the federal government appears ready to resolve

Oil executives are flocking to Venezuela to take advantage of lighter US sanctions, even though there’s a risk that access to the world’s largest oil reserves might snap shut as quickly as it opened.

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.