The restructuring is meant to make the company more appealing to investors and make it easier to sell assets, the oil giant said.
Tag: Energy and Power
In France, the People COP26 Forgot Seethe Over Rising Energy Prices
In one area of France, worries about rising energy prices trump anxiety about rising temperatures, raising fears of a resurgence of the Yellow Vest social uprising.
How Rising Energy Prices Have Complicated Europe’s Climate Crisis
Prices for power have soared, and some politicians are now trying to use that as a lever to slow action on climate change, a strategy with far-reaching consequences.
As Western Oil Giants Cut Production, State-Owned Companies Step Up
In the Middle East, Africa and Latin America, government-owned energy companies are increasing oil and natural gas production as U.S. and European companies pare supply because of climate concerns.
China’s Power Crunch Exposes Tensions Ahead of Key U.N. Climate Summit
Keeping global temperatures from dangerous levels means China must pivot away from coal immediately. Its soaring energy demand and rolling blackouts mean it probably won’t.
A New Coal Mine for England Is Stirring Hopes and Fears
A mining company’s proposal has largely been embraced locally as an economic stimulus, but climate concerns may shelve the idea.
Mexico Set to Reshape Power Sector to Favor the State
Legislation that the Mexican president has pushed would curtail private investors in the energy industry and possibly reverse gains in lowering carbon emissions.
Mexico Cries Foul at Natural Gas Cutoff Ordered by Texas Governor
Amid his own push for Mexican energy sovereignty, President López Obrador said he was trying to stop a measure by Texas to restrict gas exports as both sides of the border suffered mass outages.
How the Virus Slowed the Booming Wind Energy Business
Renewable energy developers have struggled to finish projects as the pandemic disrupts construction and global supply chains.
Oil Industry Expresses Concern, Not Alarm, About Biden Comments
After the candidate called for a “transition” away from oil and gas, executives said the country would need fossil fuels for decades to come.