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The Latest Breaking News from Big Oil

Shell reverses course in Canada and buys ARC Resources for $14 billion, doubling down on oil and gas

The Montney is emerging as a hot oil and gas play as U.S. shale basins mature.

Fortune

Microsoft and Chevron enter exclusivity deal on powering West Texas data center complex

The colocated data center and power plant campus would start with 2.5 gigawatts of power and the potential to double that size.

Fortune

Embattled former BP CEO takes over Wyoming hyperscaler as first woman leader of Big Oil giant becomes new BP chief

The former BP chief is entering the AI age with American data center projects.

Fortune

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Climate Activists Confront Iran War Profiteering at Big Oil Confab in Houston

Meanwhile, the U.S. energy secretary tries to soothe an anxious American oil industry, urging them to ramp up production amid shock to global markets.

Texas Observer

Why Houston Oil Majors Are Hesitant to Go All In on Venezuela

Though petro-giants have long sought lost assets in the South American country, they have reasons, for now at least, not to leap at Trump’s invitation to join his war on the climate and the international legal order.

Texas Observer

Embattled BP replaces CEO, naming Woodside Energy chief as first-ever woman leader of a Big Oil giant

BP’s new American CEO is a global traveler who just helped an Australian energy player grow worldwide.

Fortune

Trump DoJ seeks to kill Vermont law that makes big oil pay for climate harm

Justice department asks judge to shut down ‘superfund’ law that requires major polluters to pay for carbon emissions

The Guardian - US

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The Gulf of Mexico is seeing an oil resurgence, and Chevron just brought another big project online

New technologies and cost savings are unlocking Big Oil projects in the Gulf.

Fortune

NY officials: Prosecute Big Oil

Extreme weather like recent hurricanes are fueled by burning fossil fuels. A new report demands Big Oil pay

Salon

What if Big Oil championed – and profited from – the green transition? Here’s how it could work

Like the petroleum industry itself, households are heavily invested in existing transport technologies. Getting oil and gas companies – and consumers – to switch to zero-emissions transport is a huge challenge.

The Conversation

Prosecute Big Oil, federal govt urged

Public Citizen is urging the federal government to take action for ordinary citizens harmed by climate change

Salon

Big Oil guilty of murder for heat waves?

400 people died in an Arizona heat wave last summer. The nonprofit Public Citizen says this constitutes murder

Salon

Schumer Urges FTC To Halt Chevron-Hess $53B Merger Over Fear Of Gas Price Hike

Senate Majority Leader Chuck Schumer has urged the Federal Trade Commission (FTC) to intervene in Chevron Corp's proposed $53 billion acquisition of Hess Corp, citing concerns over potential gas price increases.

International Business Times

Exxon CEO to world: "Pay the price"

Exxon CEO Darren Woods says Big Oil's not to blame for climate crisis, saying world "waited too long"

Salon

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Fortune

Chevron boss says his company has changed the quality of life on Earth for the better

Mike Wirth, an industry veteran, even described Chevron as “grounded in integrity and a deep belief in doing the right thing” before brushing off Big Oil critics and making a “real-world” case for fossil fuels.

Salon

Climate nihilism: GOP's Big Oil romance

Last week's GOP debate illustrated the devil's bargain on climate — but Big Oil may pay for it in the courtroom

Axios

California Gov. Newsom hails new price gouging law: "California took on Big Oil and won"

"We proved we can actually beat big oil," Newsom said during a signing ceremony in the state Capitol today.

Salon

Biden urges SCOTUS on climate suits

Big Oil has long counted on corporate-friendly federal courts to get rid of climate suits

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Salon

Big Oil backs out of climate promises

"If we see value, we’ll do it. If we don’t, we won’t."

Los Angeles Times

Michael Hiltzik: Big oil companies are already reneging on their global warming promises

If there's an enduring truism about corporate promises to do well by doing good, it's that believing them is a mug's game.

Fortune

Why the global climate activism community feels betrayed by BP

The first big oil company to 'walk the walk' on carbon emissions reduction is rolling back its goals, and green activists feel betrayed.

Salon

"War profiteering" Chevron's record gain

"It has price-gouged consumers in plain sight and it's going to get away with it," consumer advocate says

Salon

The oil industry has a talent vacuum

Who wants to work for the brands that brought you climate change?

Salon

Oil companies amp up their greenwashing

A new report finds that Big Oil spent $750 million last year on climate-friendly marketing

Salon

Big Oil was too slow to drop gas prices

New report from Accountable.US finds oil companies were eager to gouge consumers, even as oil prices began to fall

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