Lower valuations for green companies are creating opportunities for oil and gas companies to fulfil transition objectives through acquisition. Purchases are on the rise.

After haggling with Hungary for weeks, the deal exempts oil shipped by pipeline.

A handful of governments have decided to restrict oil and gas development. But climate targets mean that many more will need to follow.

Even burning just the oil, gas, and coal in existing fields and mines would far exceed the carbon budget for a 50% chance of staying below 1.5°C warming, a new report has found.

At least a partial embargo on Russian oil looks likely to be brought in by the EU, and the move would have far-reaching implications for global markets.

Hungary has delayed a European-wide deal to ban Russian oil imports, but if a deal is reached, it could have a big impact on Russia.

Constrained by a court decision, the Biden administration said it would auction off land for new oil and gas drilling. But climate activists see the move as backtracking on climate progress

Wood Mackenzie makes five key points that governments and business should consider as they grapple with the twin challenges of energy security and meeting emissions reductions targets.

Russia has exported an estimated 63 billion euros worth of fossil fuels since the beginning of the Ukraine war, a new study shows. The EU imported 71% of this, highlighting the challenge Europe is facing in weaning itself off Russian energy – and gas in particular.

After years of allowing the oil and gas sector to avoid emissions targets, Canada announced that it would impose a cap on the industry. But is it enough?