Oil companies

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Biden White House jammed on gas prices

A request for more oil production came just two days after the UN's alarming climate report.

Aug 12, 2021 - Energy & Environment
Exxon suspended from carbon tax group in wake of leaked video scandal

On the video, a top Exxon lobbyist said the company's carbon tax support was just for show.

Aug 6, 2021 - Energy & Environment
House Oversight panel demands interview with top Exxon lobbyist over climate

The interview request, dated Monday, follows Keith McCoy's widely viewed interview with Greenpeace UK activists.

Jul 26, 2021 - Energy & Environment
Exxon lobbyists' unfiltered climate remarks caught on video by Greenpeace

The lobbyists boast of their access to lawmakers, including the Biden administration.

Jul 1, 2021 - Energy & Environment
Study: Climate lawsuits aren't relying on the latest science

Extreme event attribution could help plaintiffs sue oil and gas companies for harm done to them due to global warming.

Jun 28, 2021 - Energy & Environment
Exxon vows new emissions curbs

Oil giants face increasing pressure from activists and investors to take stronger steps on climate.

Dec 14, 2020 - Energy & Environment

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Ben Geman, author of Generate
Sep 21, 2021 - Energy & Environment

Making sense of Shell's exit from the Permian Basin

A logo is displayed on the hardhat of a worker at the Royal Dutch Shell processing facility in Loving, Texas, in 2018. Photo: Callaghan O'Hare/Bloomberg via Getty Images

Royal Dutch Shell's sale of its Permian Basin assets to ConocoPhillips can't be untethered from how the industry is positioning itself as it faces pressure on climate change.

Catch up fast: The companies announced the $9.7 billion cash deal yesterday afternoon. ConocoPhillips will get 225,000 acres in Texas it expects will produce 200,000 barrels of oil equivalent per day in 2022.

Ben Geman, author of Generate
Sep 20, 2021 - Energy & Environment

Shell to sell Permian assets to ConocoPhillips in major shale deal

Photo: Chet Strange/Bloomberg via Getty Images

Royal Dutch Shell is selling its assets in the prolific Permian Basin shale oil-and-gas basin in Texas to ConocoPhillips for $9.5 billion.

Why it matters: Monday's announcement latest of several big deals in the U.S. oil sector that are bringing consolidation to the shale sector.

Ben Geman, author of Generate
Sep 17, 2021 - Energy & Environment

The uncertain showdown between Democrats and Big Oil

Rep. Carolyn Maloney (D-N.Y.). Photo: Drew Angerer/Getty Images

Big Oil companies are noncommittal about testifying before a House panel probing the industry's role in spreading misinformation about climate change.

Catch up fast: Top House Oversight and Reform Committee Democrats yesterday sent letters to Exxon, Shell, BP and Chevron — as well as two key lobbying groups — asking top execs to testify Oct. 28.

Ben Geman, author of Generate
Sep 14, 2021 - Energy & Environment

Chevron vows big increase in low-carbon spending

Illustration: Eniola Odetunde/Axios

Chevron is pledging to invest $10 billion through 2028 in a push to expand renewable fuels and gas, hydrogen and carbon capture.

Driving the news: The oil giant this morning announced specific targets for fuels production and CO2 capture levels by 2030.

Ben Geman, author of Generate
Sep 8, 2021 - Energy & Environment

Big Oil looks to outside partners for emissions tallies

Photo illustration: STR/NurPhoto via Getty Images

Oil-and-gas companies are increasingly working with third parties as they face pressure to breathe life into their climate pledges and show they're credible.

Driving the news: Exxon has a new agreement with the nonprofit MiQ to certify and grade methane emissions from a portion of its Permian Basin gas production.

Divers find suspected source of oil spill in Gulf

Photo: Luke Sharrett/Bloomberg via Getty Images

Divers responding to an oil spill in the Gulf of Mexico south of Louisiana, which erupted in the wake of Hurricane Ida, uncovered a broken pipeline on the ocean floor as the apparent source on Sunday.

The latest: They found a 12-inch pipeline "displaced from its original trench location, which appears to be bent and open ended," said Talos Energy, a Houston-based company that's paid for the divers and the cleanup, in an emailed statement. Talos said the pipeline didn't belong to the company.

Federal Trade Commission to probe gas station mergers as prices climb

Illustration: Sarah Grillo/Axios

The head of the Federal Trade Commission, Lina Khan, told the White House in a letter released Monday that she plans to probe mergers of retail gasoline stations in order to avert potentially anti-competitive behavior that could drive up the cost of gas, according to a letter obtained by Axios.

Driving the news: The letter indicates Khan will act on a request White House National Economic Council director Brian Deese made earlier this month.

Ben Geman, author of Generate
Aug 30, 2021 - Energy & Environment

What we know about Hurricane Ida's energy impact

Category 4 Hurricane Ida after making its two landfalls in Louisiana on Aug. 29, 2021. (CIRA/RAMMB)

Hurricane Ida has left over 1 million homes and businesses without power, mostly in Louisiana, after making landfall as a powerful Category 4 storm on Sunday.

Driving the news: Ida also greatly disrupted Gulf of Mexico and Gulf coast oil-and-gas and petrochemical operations, but the full scope of the damage — and environmental hazards — will take time to assess.

Ben Geman, author of Generate
Aug 24, 2021 - Energy & Environment

Energy giants stake infrastructure risk-cutting startup Urbint

Illustration: Eniola Odetunde/Axios

Major power and oil companies are funding a tech startup that helps detect risks to critical infrastructure — including energy networks.

Driving the news: Urbint just announced $60 million in Series C funding to scale its platform that uses AI to "stop failures, damages, and worker injuries before they happen."

Federal judge voids permits for major Alaska oil project

Illustration: Aïda Amer/Axios

A federal judge on Wednesday voided the permits for a ConocoPhillips oil project in Alaska's North Slope.

Why it matters: The ruling deals a blow to the Willow oil project, which could produce up to 160,000 barrels of oil per day, after the Trump administration approved drilling for it. The government's support for the project continued into the Biden administration.

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