122 companies and entities are responsible for 72% of all the carbon dioxide emitted by the fossil and cement sector since the beginning of the Industrial Revolution
The acquisition of Hess would add a major oil field in Guyana, but it will require the approval of Exxon Mobil and a Chinese national oil company
It would be the third largest producer in the Permian behind Exxon and Chevron, overseeing 838,000 acres and potentially producing 816,000 oil-equivalent barrels each day
The company said the concessions were granted by Guyana and that it is committed to its operations despite the tensions with Venezuela. Previous attempts to explore for oil and gas in that area have failed
Leaving your door open when you put air into your tires could leave you exposed. Here’s how one man saw his car stolen before his eyes
Nicolás Maduro and Mohamed Irfaan Ali met following two weeks of tension over the oil and mineral rich region, which Caracas claims following a referendum
The country that Venezuela is confronting over the Essequibo region registers the highest economic growth in the world thanks to the discovery of crude oil deposits
Maduro proposed that companies operating in the vast Essequibo region in Guyana should withdraw their operations within three months
The acquisition comes at a time when there’s increasing consolidation in the energy sector. In October Exxon Mobil announced that it was buying Pioneer and Chevron acquired Hess
Chevron posted a third-quarter profit of $6.53 billion. Lofty crude prices have fueled a shopping spree this year as Exxon acquired Denbury and Pioneer, and Chevron bought Hess
The acquisition of Hess adds a major oil field in Guyana as well as shale properties in the Bakken Formation in North Dakota. High crude prices mean big drillers are flush with cash and looking for places to invest
The deal vastly expands Exxon’s presence in the Permian basin, a massive oilfield that straddles the border between Texas and New Mexico that accounted for 18% of all U.S. natural gas production last year
The Administration is trying to navigate between energy companies seeking greater oil and gas production and environmental activists who want Biden to shut down new offshore drilling in the fight against climate change
The auction was the first in the Gulf in more than a year and drew interest from companies like ExxonMobil, Shell and Chevron. The sale was mandated by last year’s climate bill compromise
Critics say ESG investments allocate money based on political agendas, such as a drive against climate change, rather than on earning the best returns for savers
