Stavanger nightlife thrives as "Big Oil" boosts revenue
The nightlife industry in Stavanger is experiencing a significant boom, with bars more than doubling their revenue due to the strong presence of "Big Oil" in the city.
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The nightlife industry in Stavanger is experiencing a significant boom, with bars more than doubling their revenue due to the strong presence of "Big Oil" in the city.

An article explores how artificial intelligence could potentially enhance the power and reach of major oil companies, suggesting AI's role in optimizing operations and expanding market dominance.
Major oil companies are quietly preparing for leaner times and lower prices, as their current financial allocations suggest they are bracing for the cyclical nature of the oil business.
Democrats are planning to scrutinize soaring profits in the oil sector if they gain control of the House of Representatives in the midterm elections, potentially leading to congressional investigations and hearings.

Donald Trump publicly criticized Jeanine Pirro and major oil companies, while also facing a lawsuit against Capital One over the closure of his accounts in 2021 due to alleged money-laundering concerns. These events unfold amidst broader political and economic discussions, including his stance on tariffs and upcoming meetings.
Robert Reich has voiced criticism, stating that Americans are being 'charged twice' due to the impact of 'Trump's Iran War' on gas prices. He argues that this situation simultaneously leads to increased profits for big oil companies.

An opinion piece argues that existing laws can be used to prosecute companies for 'climate crimes,' suggesting that Nuremberg-style trials against big oil are not the only path to accountability.

India's Enforcement Directorate (ED) has frozen three bank accounts belonging to the Trinamool Congress (TMC), containing approximately ₹440 crore, as part of a money laundering investigation. The ED alleges that the party used its funds to invest in an aviation firm to purchase a jet and a helicopter.
Big Oil companies' significant earnings are raising concerns about potential price-gouging, which could reignite accusations from figures like Donald Trump.
The secretive trading divisions of major oil companies are reportedly experiencing an exceptionally profitable year, capitalizing on the current energy crisis.

Chevron's CFO commented on the expected normalization of gas prices, following President Donald Trump's order for an investigation into major oil companies, accusing them of 'gouging' consumers.
Major oil companies are reportedly scaling back their investments and commitments to renewable energy projects, shifting focus back to traditional fossil fuel operations.
Major oil companies are reportedly facing significant challenges, with an assessment suggesting they are operating with dwindling resources.
Iran's President Pezeshkian has promised Japan that his country will facilitate the smooth passage of Japanese ships through the Strait of Hormuz. This comes as dozens of ships have reportedly navigated the strait with US assistance amid ongoing tensions, and India explores alternative trade routes.

Major oil companies are expanding their operations into new territories and frontiers. This strategic shift is being explored in an FT film, examining the reasons behind Big Oil's pursuit of new resource extraction opportunities.

Despite a continuous rise in gas and oil prices, major oil companies are not significantly increasing drilling efforts. This reluctance is fueling concerns about potential future supply shocks, with some markets appearing overly complacent.
Major oil companies are reportedly resisting pressure to prioritize output growth, indicating a strategic divergence from some shareholder expectations.

President Trump informed Congress that hostilities with Iran were "terminated" and defended the use of a naval blockade, which he described as more effective than bombing. He also stated he would not end the conflict early without achieving US objectives, despite Iran's new offers for negotiation.
Exxon, Chevron, and other major oil companies are sending signals regarding their performance in anticipation of their upcoming earnings reports.
A discussion is ongoing regarding the prospects of oil exploration in Greenland, questioning whether it represents a significant opportunity for big oil or merely an "Arctic mirage." The debate involves environmental concerns and economic potential.
Trading desks are experiencing a boom in activity, contrasting with a stagnation in output from major oil companies.
Progressive groups in California are calling on 'Big Oil' companies to address an insurance crisis, which they argue has been exacerbated by the state's price controls.

Students at Columbia University have filed a complaint alleging that a university energy thinktank is engaging in deceptive trade practices by obscuring the full extent of its financial connections to the fossil fuel industry.
Journalist Beth Gardiner highlights the fossil fuel industry's growing reliance on plastic products, exploring its implications for the future in her book 'Plastic Inc.: The Secret History and Shocking Future of Big Oil's Biggest Bet'.
A riskier Mideast will drive Big Oil toward new frontiers thedailystar.net
A Chinese battery manufacturer has reportedly surpassed major oil companies, highlighting a shift in the energy sector, while Total is noted for its continued focus on fossil fuels.
The European Commission is urging EU member states to prepare for winter as energy experts, including the IEA boss, warn that the Iran crisis's impact on the energy market could lead to a much costlier heating season, potentially surpassing the 1970s energy shocks. This comes as the narrative around oil prices shifts to an expectation of them remaining 'higher for longer'.

US President Donald Trump has postponed his ultimatum to bomb Iran's electricity grid and announced a tactical pause on strikes, claiming to have begun talks with Tehran and that 'regime change' is underway. However, Iran has denied engaging in talks with the US and warned against targeting its vital infrastructure.
Recent Iranian missile strikes are reportedly costing major oil companies billions of dollars in lost revenue, highlighting the economic impact of regional conflicts.
An analysis explores how former President Trump's plans for global oil dominance are intertwined with the ongoing war with Iran, examining the strategic context of his energy policies.

Democratic lawmakers and progressive groups are calling for a windfall tax on major fossil-fuel companies, arguing that they are poised to make billions in profits from the war in Iran while consumers face rising living costs.
Chevron and Shell are reportedly close to finalizing their first major oil production deals in Venezuela since the US captured Maduro, marking a potential shift in the country's oil sector.
Klingbeil has publicly criticized the profits of major oil companies following discussions at the G-7 summit regarding oil reserves.

The euro fell 0.3% to $1.1781 and the yen initially rose but was held back by Japan's big oil imports.
After a period focused on share buybacks, major oil companies are now increasing their drilling activities.

A new analysis suggests that the next significant opportunities in oil trading may emerge from areas unrelated to conventional oil stocks.
Venezuela and its opposition are demanding the return of the country's gold reserves held in the Bank of England vaults. This comes as major oil companies, including BP, are returning to Venezuela.
Donald Trump has criticized oil giants Exxon and Chevron for 'making too much money' as U.S. gas prices climb above $4, sparking debate over whether Big Oil is responsible for the high costs.

Donald Trump has publicly criticized major oil companies, including Exxon Mobil and Chevron, for making what he considers 'too much money.' He demanded that they immediately lower gas prices, linking their profits to his actions against Iran.
Major oil companies have issued a warning that global fuel reserves are reaching critically low levels, raising concerns about future supply.
Major oil companies are reporting significant profits, benefiting from market instability and increasing fuel prices, which are impacting consumers at the pump.
Major oil companies are poised to reap substantial profits as fuel prices continue to soar, leading to a significant financial windfall for the industry.
An article argues for including Big Oil companies in 401(k) or IRA investment portfolios, suggesting that energy exposure can provide financial stability.
Major oil companies are projected to achieve record profits as gas prices climb, a trend potentially influenced by former President Trump's stance on energy policy.
Donald Trump has turned on his former Big Oil donors, who contributed nearly $100 million to his election campaign, and is now calling for the Department of Justice to investigate them for alleged price gouging.

Donald Trump has accused major oil companies of price gouging at petrol pumps, warning of a potential Department of Justice investigation into their practices. This accusation comes as a Michigan Senate candidate also alleged Trump kept a Canada-U.S. bridge closed to benefit a donor.

The United States and Iran have signed an interim peace agreement, with President Trump immediately threatening renewed bombing if Iran violates the terms. The deal, signed at Versailles, has been praised by some European nations and Pakistan, while Israel has expressed concerns.
The US insurance industry has joined the fossil fuel industry in its efforts to avoid lawsuits over the environmental damage caused by oil, gas, and coal emissions, despite insurers being significantly affected by climate change.
A quarter of the large oil tankers that were reportedly trapped due to the Iran War have successfully escaped the affected area.

European oil supermajors reported stronger-than-expected profits in the first three months of the year, with significant contributions highlighted from their trading desks.

The ongoing conflict involving Iran is prompting an accelerated global pivot towards renewable energy sources. This includes China's shift to electric trucks and increased profitability for wind energy companies.
According to CNBC's Halftime Report, major oil companies have evolved into highly profitable entities that prioritize shareholder returns.
Major oil companies and the CEO of DHL have issued warnings about the diminishing global oil supply buffer, indicating a potential daily oil shortfall. These concerns are contributing to rising fuel costs worldwide.

Shareholder agm briefly adjourned after protesters wearing T-shirts labelled ‘No more big oil’ burst into song The chair of NatWest was forced to defend the bank against accusations of “climate…

The new documentary 'This Is Not A Drill' focuses on grassroots activists who bravely confront the power of Big Oil and environmental racism, emphasizing the urgency of their fight for community well-being.

The U.S. Supreme Court has ruled in favor of Chevron and other oil and gas companies, overturning lower court decisions in environmental lawsuits concerning coastal damage in Louisiana. This decision marks a significant win for the energy industry in its fight against environmental liability claims.

Reports indicate that major oil companies are significantly profiting from the ongoing conflict involving Iran. This situation highlights the economic impact of geopolitical tensions on the energy sector.
ExxonMobil is seeing substantial profits following a significant oil find in Guyana, contributing to the company's financial success.
Large oil companies are reportedly returning to exploration efforts as global oil reserves continue to dwindle, signaling a renewed focus on discovering new sources.
An analysis suggests that the increasing risks in the Middle East will compel major oil companies to explore new regions and strategies for their operations.

Sales of used electric vehicles (EVs) have seen a significant increase in Europe, a trend that continues to be attributed to the Iran war driving up fuel prices and making EVs a more attractive option for consumers.

Iranian missile strikes are costing the oil industry billions, with the IEA warning of a severe energy crisis, while a TotalEnergies CEO cautions that oil and gas prices could surpass 2022 highs if the Hormuz crisis persists, and oil prices rise as markets assess supply risks after Iran denied US talks.

President Donald Trump has reiterated his 48-hour ultimatum to Iran to reopen the Strait of Hormuz, threatening to 'obliterate' its power plants and energy infrastructure. Tehran has warned it will respond with attacks on U.S. and Israeli energy targets if its facilities are targeted and stated the strait is open to all except "enemy" ships.
Iranian missile strikes are reportedly causing billions of dollars in lost revenue for major oil companies, highlighting the significant economic impact of regional conflicts.
An analysis reveals that former President Trump's ambitions for global oil dominance were significantly altered and challenged by the onset of the war with Iran.

International oil prices, including Brent crude, have surged as markets process news related to the Iran war, specifically reacting to US strikes on Iran's crucial Kharg Island.
SAS and several other airlines are reportedly introducing a 'fuel surcharge' and raising ticket prices in response to the recent surge in oil prices, following similar moves by other carriers.
Investors are reportedly rotating their capital into mid-cap energy companies, while larger oil firms experience a period of stagnation.

President Marcos of the Philippines plans to seek temporary powers from Congress to suspend the fuel excise tax. This move comes as the country prepares for what is anticipated to be the 'highest jump' in oil prices in history.

The Trump administration's repeal of a foundational climate determination could inadvertently expose the fossil fuel industry to increased local lawsuits due to a lack of federal regulation.

After years focused on payouts and discipline, energy majors are being pressed on the longevity of their reserves

A significant oil shock is reportedly opening up new investment opportunities in an unexpected sector, suggesting a shift in market dynamics beyond traditional oil stocks.

A US appeals court has upheld an injunction to halt the construction of a ballroom at the White House, prompting President Trump to label the decision a 'national disgrace.' The ruling requires Trump to seek congressional approval for the project.
Former President Trump has adopted a strategy similar to his predecessor, criticizing high gas prices and Big Oil. This move reflects a shift in his political playbook.

A cargo ship was struck by a projectile near the Strait of Hormuz, off the coast of Oman, amidst ongoing uncertainty surrounding US-Iran talks. Iran's president stated that Tehran does not intend to expand the war, while Qatar continues efforts to find a solution between the US and Iran.
Major oil companies have announced record profits, benefiting from sustained high oil prices. This financial performance comes amidst global discussions on energy costs and corporate earnings.

Oxfam Novib reports that the six largest fossil fuel companies nearly doubled their net profits in the second quarter, making $17 billion per hour, while heatwaves, droughts, and wildfires intensified globally.
Governments are reportedly angered by the significant profits accumulated by major oil companies, which are perceived to be linked to ongoing conflicts and geopolitical tensions.
An analysis compares ExxonMobil and Chevron as potential investment opportunities for the year 2030, evaluating which oil giant might be a better buy.
Chevron's CFO addressed former President Trump's criticism regarding high gas prices, stating the company is doing everything possible to manage costs, as public pressure mounts on major oil companies.

Donald Trump expressed frustration with high gas prices, channeling criticism towards Big Oil, a stance previously taken by President Biden, which some oil executives privately criticized.

The US Senate approved a resolution to limit President Trump's ability to wage war against Iran, marking a rare bipartisan challenge to his foreign policy. This move comes amidst rising frustrations within the Republican party regarding Trump's approach to Iran.

The United States and Iran have electronically signed a Memorandum of Understanding (MoU), with White House officials confirming its immediate effect. The agreement reportedly addresses the dilution of enriched uranium in Iran, signaling an end to the conflict.
Major oil companies are reportedly changing their minds regarding their involvement and operations in Venezuela, signaling a shift in the global energy landscape.

Fossil fuel companies are experiencing significant gains due to soaring prices amid conflict in Iran, a situation that some suggest could inadvertently hasten the transition towards clean energy.

Experts and advocates fear that billions in windfall profits for the oil industry, attributed to the 'Iran war,' could entrench Trump-era political wins and slow the transition to clean energy.
The war in Iran has pushed global oil prices up, but there's no sign of a huge surge in U.S. production and the future of Venezuelan oil remains murky.
Large oil companies are reportedly beginning to return their operations to Canada, driven by the ongoing global energy crunch.
CEOs of major oil companies have issued a warning that the global energy market is approaching a critical juncture, potentially moving closer to a crisis.

Republican lawmakers are introducing new legislation aimed at protecting major oil companies from climate-related lawsuits. These bills are seen as an attempt to counter "climate lawfare" and have been described as alarming by critics.
Major oil companies are reportedly investing billions of dollars into far-flung drilling sites. This strategic move is aimed at diversifying operations and mitigating risks associated with ongoing turmoil in Iran.

The director of the Qatar Leadership Centre emphasized the need for major oil companies to collaborate and share security costs to ensure the resilience of the LNG system, suggesting these costs should be incorporated into fuel prices.

An analysis reveals that major fossil fuel companies, including those in Saudi Arabia and Russia, are projected to earn an additional $234 billion by the end of 2026, profiting significantly from global conflicts.
Vermont and New York's 'climate superfund' laws are facing legal challenges, including a pending Supreme Court case, setting up a showdown between US states and major oil companies.
BP has appointed its first woman leader as CEO, while the former CEO has taken over a Wyoming data center developer.

Governments worldwide are implementing measures to tackle the energy crisis, which is linked to the economic effects of the US-Israeli war on Iran, causing sharp fuel price reactions. In response, Australia has announced new fuel powers to guarantee supply amidst surging prices and cancellations, stopping short of rationing.

US President Donald Trump has confirmed 'very good' talks to end combat with Iran, leading to a delay in US strikes and a rise in markets, though Iran denies these discussions, outlines 'red lines' for peace, and continues its strikes, even firing rockets at Israel and mocking Trump.
An analysis explores historical market reactions to a hypothetical Iran war, while Chevron's CEO warns the conflict's full impact is not yet priced into oil futures. Meanwhile, Iranian missile strikes are reportedly costing major oil companies billions in lost revenue.
Iranian missile strikes are reportedly costing major oil companies billions of dollars in lost revenue, impacting global energy markets.
An expert discusses the paradox of the U.S. being a large oil exporter yet importing most of the oil it consumes, explaining the underlying reasons.
India has not been buying crude oil from Iran since mid-2019 after the US ended waiver for sanctions on Iran crude.

An article reflects on the 1970s oil crisis, triggered by Middle Eastern wars, which saw energy prices triple and prompted countries like Scandinavia, France, and the Netherlands to accelerate their green energy transitions.
Chevron, Shell closing in on first big oil production deals in Venezuela since US captured Maduro, sources say TradingView

The rise in oil prices is being driven primarily by the closure of the Strait of Hormuz, which sees nearly 20% of global oil and gas exports flowing through it.

A new report highlights the significant increase in plastic production over the last two decades and the ongoing efforts to prevent further investment by Big Oil into the plastics industry, emphasizing the environmental impact.