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Oil and Gas Giants Agree Target to Cut Methane Emissions
They aim to reduce emissions from upstream operations to below 0.25% by 2025. Thirteen of the world’s biggest oil and gas companies have agreed a first collective target to reduce methane emissions. They have announced a goal to cut methane intensity from their…
MEXICO: Discovered Richest Oil Field in 15 Years
Mexico’s Pemex Company reported that the new oil field is of great economic importance due to its location next to existing oil production infrastructure. Mexico’s President said that the oil will be produced at a low cost due to the…
Electric Cars Pose ‘Resoundingly Negative’ Threat to Oil Companies: Analyst Fitch
So far, though, the oil industry hasn’t seemed to give plug-in electric cars much attention. ExxonMobil and OPEC have both predicted that, even by 2040, electric cars will make up less than 10 percent of global new-car sales. But a…