US-based oil and gas majors are lagging well behind their European counterparts when it comes to plans for cutting emissions to comply with the Paris climate deal, according to analysis released Wednesday (24 June).
Oil majors are “lagging” when it comes to preparing for the low-carbon energy transition, according to a new report from financial watchdog CDP, which nonetheless praised BP, Eni, Equinor, Total, Repsol and Shell for taking the industry’s lead.
An armed group forced Libya’s massive el-Sharara oilfield to close late on Sunday (1 October), shutting off production of more than 230,000 barrels per day (bpd), the head of the state oil company said.
The European Union filed a suit against Argentina's import restrictions with the World Trade Organization (WTO) today (25 May), intensifying the disputes between the South American nation and its trading partners.
Argentine President Cristina Fernández de Kirchner unveiled plans yesterday (16 April) to seize control of leading energy company YPF, which is controlled by Spain's Repsol, drawing swift warnings from the European Union and risking the country's economic isolation.
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