ESG/Investment

Article
April
World Oil contributing editor Mark Patton questions the narrative around CO₂, arguing climate models may be oversimplified and overlooking key natural processes shaping emissions and atmospheric balance.
News
April 27, 2026
Two offshore wind leases have been scrapped as developers redirect nearly $900 million into U.S. oil, gas and LNG projects, signaling a policy-driven shift toward conventional energy investment.
News
April 27, 2026
Canada has launched a $25 billion sovereign wealth fund to support energy, LNG and infrastructure projects, signaling increased federal backing for oil and gas development and export capacity.
News
April 24, 2026
Argentina’s incentive program is expected to accelerate development of a $12-billion Vaca Muerta shale oil project, boosting production and investment in the country’s key basin.
News
April 24, 2026
Baker Hughes CEO Lorenzo Simonelli expects upstream oil and gas investment to rebound in 2026–2027, driven by energy security concerns and supply disruptions linked to the Iran conflict.
News
April 24, 2026
APPO is pushing regional energy hubs to connect infrastructure and unlock Africa’s oil and gas potential, as operators look to scale investment and monetize the continent’s vast gas reserves.
News
April 23, 2026
bp saw shareholder pushback at its AGM as investors raised concerns over strategy and performance, while the company continues to refocus on oil and gas operations.
News
April 23, 2026
EIV Capital has raised $1.1 billion across new funds targeting U.S. upstream oil and gas assets and energy infrastructure, signaling continued investor focus on domestic energy development.
Article
April
Environmental groups, unhappy with verdicts in climate cases involving U.S. energy firms, are now going to courts in other countries, where these companies have assets/interests, and attempting to relitigate these cases, to their satisfaction.   
News
April 20, 2026
Ghana is advancing a $3.5 billion investment drive to boost offshore oil and gas development, alongside broader plans to expand renewables and explore nuclear power.
News
April 17, 2026
Op-Ed: Africa’s energy transition will depend on governance, investment and continued oil and gas development, according to industry commentary on balancing growth and decarbonization.
News
April 17, 2026
Kazakhstan has upheld a $5 billion environmental fine against operators of the Kashagan oil field, intensifying a legal dispute over sulfur storage and project compliance.
News
April 16, 2026
AMEXHI has backed Mexico’s energy strategy while urging improved competitiveness, regulatory certainty and security to attract oil and gas investment and strengthen energy security.
News
April 09, 2026
ConocoPhillips has sent a team to Venezuela to evaluate potential oil and gas opportunities, signaling renewed interest in the country’s vast reserves as U.S. companies assess a possible return after years of asset seizures.
News
April 07, 2026
Colombia’s Ecopetrol has avoided potential operational disruption after its main oil workers union dropped a strike threat following the CEO’s departure, easing near-term risks to production.
News
April 07, 2026
Nigeria is highlighting renewed upstream investment and production growth ahead of the Invest in African Energy Forum in Paris, as reforms and new projects position the country to attract global oil and gas capital.
News
April 02, 2026
INEOS Chairman Jim Ratcliffe supports proposed UK carbon tax cuts, warning of industrial decline and calling for increased domestic oil and gas development, including North Sea and shale resources.
News
March 31, 2026
A federal panel has approved an exemption allowing oil and gas drilling in the Gulf of America/Gulf of Mexico to proceed without certain endangered species protections, citing national security concerns in a rare decision that could accelerate offshore activity and reshape regulatory oversight.
News
March 30, 2026
Mercuria-backed Phoenix Global Resources is preparing a $6 billion expansion in Argentina’s Vaca Muerta shale, as President Javier Milei’s RIGI incentives boost investor confidence and accelerate drilling activity, positioning the basin as a growing contributor to global oil supply.
News
March 24, 2026
Hedge funds and oil company executives are meeting in Venezuela as the government signals a push to reopen the economy and revive upstream investment, with sanctions relief and PDVSA restructuring key to unlocking production growth.
News
March 03, 2026
Argentina has expanded its RIGI tax incentive program to include Vaca Muerta shale oil wells, a move expected to accelerate upstream investment and boost development returns by up to 12%, according to analysts.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.