U.S. independent E&P firm Apache Corp. reported on Thursday net losses of $397 million in the second quarter of 2020, alongside a new oil discovery on Block 58 offshore Suriname. The net loss attributable to shareholders was driven by significantly lower revenues from oil production during second quarter compared to the previous year, which fell
Read More...International E&P companies are struggling to make money from offshore investments made during the latest investment upturn, according to a new study by Rystad Energy, Kallanish Energy reports. The independent research company has evaluated all offshore oilfields sanctioned since 2010 and ranked them by estimated value per barrel of oil under various oil-price scenarios. The
Read More...This Thursday, the European Parliament’s (EP) Committee on Petitions and Committee on the Environment, Public Health and Food Safety will hold a joint hearing on “Climate Change Denial,” specifically focusing on ExxonMobil and the #ExxonKnew campaign. The hearing was scheduled as a result of a petition submitted to the EP by Food & Water Watch Europe, the
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