Energy industry’s fears over the new Labour government have not stopped new leader Chris Cox taking a stake
The UK government has also pulled support from a Cumbrian coal mine
COP29 host intends to launch venture with contribution from state company
Oil major warns delay in transition could be ‘costly’ in its annual outlook
UK group is not the first oil major to cut its refining footprint, and it will not be the last
Group blames fall on lower margins in refining business and ‘weak’ oil trading performance
Category one storm hits Houston, leaving millions without power and killing two people
Companies from the US to the Gulf are jostling for petrochemicals market share
Adnoc’s Sultan al-Jaber has discussed projects with ex-CEO following exit from oil major
State-owned companies still see a future for gas to fill any gaps left by renewable sources
Oil major paused work on Rotterdam project this week amid difficult market
Also in this newsletter: Germany and Turkey locked in diplomatic spat over a hand gesture
Also in today’s newsletter, a new report casts doubt on clean hydrogen’s role in the power sector
Brent crude has risen about $10 a barrel since early June as US stockpiles dwindle
Work on energy transition project in Rotterdam will be further delayed
Williams set to escalate dispute with rival Energy Transfer through lawsuit for ‘anti-competitive’ actions
Serica ‘actively’ looking overseas ahead of potential increase in UK government’s windfall levy on producers
Some producers have started to row back on low-carbon strategies amid high fossil fuel demand and investor concerns
UAE and Saudi Arabia are leading region’s efforts to reduce dependence on oil and gas
United Airlines executive highlights need for access to pipeline networks and other infrastructure to help decarbonisation
But critics fear the oil bonanza will turn Guyana into a victim of the ‘resources curse’
Voters are worried about inflation in general and the cost of filling up their cars in particular
Wall Street bank stands to make $80mn if deal to sell group to Chevron survives ExxonMobil challenge
German chemicals group to enter ‘concrete negotiations’ after Gulf state-owned company boosts proposal to €62 per share
Environmentalists and sceptical locals threaten key element of US plans for green energy