Researchers have found that climate scenarios published by oil companies often lack sufficient scope in terms of emissions accounted for, timeframes and data transparency.

Most of the capex rises that have been announced this year will go to hydrocarbon rather than renewables investments.

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.