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oil and gas sector

​A water treatment pond at the McKay River Suncor oil sands in-situ operations near Fort McMurray, Alberta, as seen in 2014.
GZERO North

Canada takes a swing at cutting oil and gas carbon emissions

The Canadian government has launched new draft regulations requiring oil and gas producers in the country to cut greenhouse gas emissions by a third in the next eight years alongside a cap-and-trade system for the industry.

Saudi Arabian flag with stock graph and an oil pump jack miniature model are seen in this illustration.
News

Saudis face reality on oil prices

Saudi Arabia reportedly plans to start producing more from Dec. 1, allowing global crude prices to fall. Why? It’s an admission that increased oil production in the United States and other non-OPEC members has combined with lower oil demand from China to drop prices well below the level the Saudis would prefer. By producing more, the Saudis hope to claim a larger share of oil market revenues.

​Pump jacks drill for oil in the Monterey Shale, California
What We're Watching

Energy: The revolution continues

Quiz question for you: Over the past 15 years, which country has produced more oil and natural gas than any nation in history? Answer: The United States.

A person walks past a "#COP28" sign in Abu Dhabi, United Arab Emirates.
Analysis

Controversies at COP28 and the future of climate change

Global climate talks are kicking off at COP28 on Thursday amid revelations that its host, the United Arab Emirates, is using the event to lobby for fossil fuel production. GZERO's Riley Callanan talked to Eurasia Group Vice Chairman Gerald Butts, who was a part of Canada’s delegation when the Paris Agreement was adopted at COP2 in 2015, about COP28, oil and gas, progressive agendas and much more.

59.5 billion: US oil major Exxon Mobil on Wednesday paid $59.5 billion to acquire Pioneer Natural Resources, a major producer of shale oil in West Texas.
GZERO North

Hard Numbers: Exxon bets on shale, Netflix makes an unchill choice, Google floods the zone, digital tax plans advance

59.5 billion: US oil major Exxon Mobil on Wednesday paid $59.5 billion to acquire Pioneer Natural Resources, a major producer of shale oil in West Texas.

Emergency workers during an emergency response drill to simulate the aftermath of a dirty bomb explosion outside Madrid.
Europe

What We’re Watching: Fact vs. fiction in Ukraine, Petro vs. Big Oil in Colombia

Information wars in Ukraine, Petro takes on Big Oil in Colombia

Hard Numbers: ECB rate hike, China-India thaw, Indigenous oil drilling pause, Nigerian donkey penises
News

Hard Numbers: ECB rate hike, China-India thaw, Indigenous oil drilling pause, Nigerian donkey penises

The ECB on Thursday raised interest rates by an unprecedented 75 basis points.

Angolans (finally) get an interesting election
News

Angolans (finally) get an interesting election

For the first time, the opposition has a shot at beating the party that's ruled Angola since independence.

Hard Numbers: Saudi oil windfall, Castillo's friends, Chinese map raid, Truss ahead
News

Hard Numbers: Saudi oil windfall, Castillo's friends, Chinese map raid, Truss ahead

Saudi Aramco made a whopping $48.4 billion in profits in the second quarter of 2022.

Does the world really need more oil right now?
Viewpoint

Does the world really need more oil right now?

Eurasia Group's Managing Director of Energy, Climate & Resources Raad Alkadiri questions predictions about soaring oil prices.