energy sector

The oil giants ExxonMobil and Chevron reported a decline in their profits, a consequence of the persistently low oil prices that have been affecting the industry. Despite this downturn, the companies, along with other major oil producers, are not scaling back on production. Instead, they continue to ramp up output,...

In a significant escalation of economic pressure on Russia, European Union leaders have approved a comprehensive package of sanctions aimed at curbing the country's influence in the global energy market and limiting its access to cryptocurrency. The move comes just hours after the United States imposed its own set of...

Oscar S. Wyatt Jr., a cunning and influential Texas oilman, has passed away at the age of 101, leaving behind a legacy of remarkable business deals, high-stakes diplomacy, and a conviction for corruption. Through his company, Coastal Corporation, Wyatt amassed billions of dollars in the energy sector, rubbing shoulders with...

The American energy landscape is undergoing a significant transformation, driven by a generational shift in attitudes towards sustainability and climate change. At a recent Climate Forward live event, Scott Strazik, the chief executive of GE Vernova, offered valuable insights into how his company is adapting to this new reality, while...

In a bold bid to revitalize a struggling industry, the Trump administration has announced a multi-pronged plan to rescue the ailing coal sector. At the heart of the initiative is a $625 million federal funding injection, aimed at breathing new life into an industry that has been on a steady...