(Oil Price) – BlackRock, the world’s largest asset manager, is quitting the Net Zero Asset Managers initiative in the latest exit of a major financial institution from a climate finance alliance since Donald Trump was elected U.S. President in November. BlackRock has decided to leave the voluntary Net Zero Asset Managers initiative, which launched in December 2020 and aims to “support the
(World Oil) – Energy NL has made a submission to the Government of Canada Gazette 1 consultation process on the proposed Oil and Gas Sector Greenhouse Gas Emissions Cap Regulations and has asked the federal government to abandon the regulations. According to the submission, the regulations sidestep the Atlantic Accord and will effectively cap offshore oil production and greatly impact the
(Investing) – Oil prices surged on Friday and were on track for a third straight week of gains, prompting Citigroup (NYSE:C) to revise higher its average Brent prices for the first quarter of 2025. At 08:55 ET (13:55 GMT), the Brent contract rose 3.7% to $79.75 a barrel, on track for a third straight week of gains. The crude markets have rallied on potentially larger
(CNBC)– U.S. nuclear power provider Constellation Energy on Friday agreed to buy privately held natural gas and geothermal company Calpine Corp for $16.4 billion, marking one of the biggest acquisitions in the history of the U.S. power industry. The cash-and-stock deal comes at a time of rising electricity demand, driven by the proliferation of energy-guzzling AI data centers and the electrification of transportation
(Investing) – LONDON – A turbulent year for sustainable finance is set to continue in 2025 as the return of Donald Trump as U.S. president heralds more regional divergence on everything from fund flows to legal cases and market regulations. Despite record high temperatures and more extreme weather events across the planet last year, the policy response by governments still remains
This week’s Baker Hughes Rig Count shows that the U.S. has a decreased of 5 over last week, resulting in a total count of 589 rigs. Canada had an increase of 122 over last week, resulting in a total Canadian count of 216 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Utica region experienced an
(World Oil) – (Bloomberg) – Norway’s oil and gas companies delivered record levels of natural gas in 2024 and will drill a similar number of exploration wells this coming year, in a push to offset production declines later in the decade. Some 40 wells are due to be drilled in 2025, on par with the 42 drilled last year, the Norwegian
(US News) – WASHINGTON – The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia’s oil and gas revenues in an attempt to give Kyiv and the incoming administration of Donald Trump leverage to reach a deal for peace in Ukraine. The move is meant to cut Russia’s oil revenues for the war that started in
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