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The American Fuel & Petrochemical Manufacturers questioned whether it would be appropriate for the US Securities and Exchange Commission to mandate disclosure requirements for environmental, social, and governance matters, particularly related to climate change, for publicly traded companies.

UK’s Oil and Gas Authority (OGA) has launched the 29th offshore licensing round, making available 1,261 blocks for bid on the UK Continental Shelf (UKCS). Firms have until Oct. 26 to apply for blocks.

The light, sweet crude oil price for September continued dropping on the New York market July 28 to settle at $41.14/bbl—the contract’s lowest front-month closing since Apr. 19. The contract has fallen in eight of the last nine trading sessions.

ExxonMobil Corp. reported second-quarter earnings of $1.7 billion, down from $4.2 billion in second-quarter 2015 due to lower commodity prices and weaker refining margins. First-half earnings totaled $3.5 billion, a decline from $9.13 billion in first-half 2015.

Chevron Corp. recorded a second-quarter loss of $1.5 billion compared with earnings of $571 million in second-quarter 2015.


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