Oil & Gas

ExxonMobil has joined the Oil and Gas Climate Initiative (OGCI), in a sign that the oil major is beginning to scrutinise the role it is playing in global warming. The US-incorporated company declined to join the oil and gas industry’s flagship climate change project when it...

Global oil demand will peak in 2023 as electric vehicles (EVs) become competitive with combustion engine cars, according to a new report by energy and maritime services company DNV GL. In its 2018 Energy Transition Outlook, DNV forecast that EVs will account for half of all...