Trump EPA Set to Scrap Landmark Emissions Policy
The U.S. Environmental Protection Agency is about to pull the rug from underneath climate regulation by repealing the so-called endangerment finding—an EPA decision…
BASF Chief Issues Urgent Warning on EU Emissions Trading Scheme
The head of BASF has warned the European Union needs to update its “obsolete” emissions trading scheme and reconsider the phaseout of free credits to avoid disaster for…
Fuel Crisis Forces Canadian Airlines to Halt All Flights to Cuba
Canadian airlines have suspended flights to Cuba as the island nation faces depletion in jet fuel stocks amid a U.S. energy squeeze aimed at prompting regime change. The…
Transocean to Buy Valaris in Near $6B Deal
Transocean Ltd and Valaris Limited announced, in a joint statement, the signing of a definitive agreement to combine the two companies. Under the agreement, Transocean will acquire Valaris in an all-stock transaction valued…
Transocean To Buy Offshore Rig Contractor Valaris For $5.8 Billion
Oilfield services firm Transocean (NYSE:RIG) will acquire offshore rig contractor Valaris (NYSE:VAL) in an all-stock deal valued at ~$5.8B,…
Hedge Funds Increase Bullish Oil Bets Amid Rising Iran Tensions
Money managers have increased bullish wagers on crude oil to the highest levels in months, with renewed geopolitical risk tied to Iran pushing energy markets back toward supply-focused…
Shell’s Oil Reserves Have Dropped To Lowest Levels Since 2013
British Oil and Gas giant Shell Plc. (NYSE:SHEL) needs an exploration breakthrough or a big merger after its oil reserves fell to the lowest levels since…
BP Halts Share Buybacks
BP Plc is halting share buybacks to shore up its balance sheet as pressure mounts on the UK energy giant to deliver on its turnaround efforts. The company is slashing…
