Oil and Gas
Norway urged to scrap ban on $1.8 trillion wealth fund investing in weapons makers
Nicolai Tangen, CEO of Norges Bank Investment Management, addresses a press conference on his company’s annual results for 2024 at Norges Bank in Oslo, Norway, on January 29, 2025. Ole Berg-rusten | Afp | Getty Images Norway’s government is under growing pressure to let the country’s $1.8 trillion sovereign wealth fund invest in certain defense […]
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Activist investor Elliott takes short position in Shell after building a stake in rival BP
A Shell gas station on May 03, 2024 in Austin, Texas. Brandon Bell | Getty Images U.S. activist investor Elliott Investment Management has taken a short position against British oil major Shell as part of a global hedging program. The move, which was first reported by British newspaper The Times on Thursday, comes shortly after […]
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Why oil companies may not love Pres. Trump’s ‘drill, baby, drill’ agenda
President Donald Trump is urging oil producers to “drill, baby, drill.” U.S. oil and gas investors may not be on board with the plan. “Right now, with low oil prices, I think we’re going to start to see a lot of companies starting to pare back on their capital spending,” said Clark Williams-Derry, an energy finance […]
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Oil major Shell bolsters shareholder distributions, cuts spend
A view shows a board with the logo of Shell at the company’s fuel station in Saint Petersburg, Russia May 6, 2022. Anton Vaganov | Reuters British oil major Shell on Tuesday announced plans to increase shareholder distributions, prioritize share buybacks and reduce capital spending in a bid to “deliver more value with less emissions.” […]
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Mining giant Fortescue says Big Oil is getting it wrong on renewables: ‘Your customers want green energy’
Fortescue Metals Group non-executive Chairman, Andrew Forrest, speaks during a Sustainability Week conference in London on March 11, 2025. Adrian Dennis | Afp | Getty Images Australian mining tycoon Andrew Forrest, founder and executive chairman of Fortescue, says Big Oil is getting it wrong on renewables — at a time when European energy majors are […]
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Energy Secretary Chris Wright says Trump push to produce more oil is driving down prices
Energy Secretary Chris Wright said Thursday that the oil market is discounting President Donald Trump’s push to produce more crude and gas in the United States. “We’ve seen a market discounting the fact that clearly it’s going to be easier to produce oil and gas in the United States,” Wright told CNBC’s “Squawk Box.” “More […]
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Greenpeace ordered to pay more than $660 million over Dakota Access Pipeline protests
The Greenpeace logo on the green ecological awareness stand of the association in Lyon, France, on Oct. 23, 2024. Elsa Biyick | Afp | Getty Images A jury on Wednesday ordered environmental campaign group Greenpeace to pay more than $660 million in damages to Texas-based oil company Energy Transfer, the developer of the Dakota Access […]
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Oil rises as Trump says Iran will be held responsible for any future Houthi attacks
U.S. President Donald Trump looks on as military strikes are launched against Yemen’s Iran-aligned Houthis over the group’s attacks against Red Sea shipping, at an unspecified location in this handout image released March 15, 2025. White House | Via Reuters Oil prices rose on Monday after President Donald Trump said the U.S. would hold Iran […]
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Trump administration sends a clear message to the oil and gas industry: ‘You’re the customer’
HOUSTON — The officials leading President Donald Trump’s energy agenda made clear to oil, gas and mining executives this week that they have an ally in Washington who intends to make it as easy as possible for them to drill in federal lands and waters. Interior Secretary Doug Burgum told executives gathered for the world’s […]
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Oil, dollars, and debt: How safe is the Middle East from the global trade war?
The Palm Jumeirah in Dubai, Dubai, United Arab Emirates Nikada | E+ | Getty Images The global trade war triggered by U.S. President Donald Trump shows no sign of abating, with tit-for-tat tariffs hammering major economies, tanking stock markets and dimming growth prospects. The economies concerned – North America, the European Union, and China – […]
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