Diversified Energy Buys NatGas Assets in Runup to LNG Exports
Diversified Energy will pay $386 million to buy 100% interest in Oaktree Capital Management’s assets in Oklahoma, East Texas and Louisiana.
Viridi Energy Acquires Maine Biosolids Plant Maine for RNG
Viridi Energy plans to turn the biosolids digest plant into a waste-to-RNG facility.
CERAWEEK: LNG to Play Critical Role in Shell’s Future, CEO Says
Sawan said LNG will continue to play a critical role adding that LNG currently makes up around 13% of gas sales but was expected to grow to around 20% in the coming 15 to 20 years.
Biden Drops Mileage Score for Electric Cars in Bid to Spur Sales
Calculation scores fuel efficiency of electric vehicles Requirements attempt to balance automakers, environmentalists The Biden administration is setting a new estimate of the fuel efficiency of electric vehicles that’s meant to better reflect the real world and is likely to further drive sales of emission-free cars. The so-called petroleum equivalency factor established in a final …
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Chevron Surprised When Exxon Filed for Arbitration Over Guyana – CEO
HOUSTON, March 19 (Reuters) – Chevron was surprised when Exxon Mobil filed for arbitration over Chevron’s plans to buy Hess’s Guyana oilfield stake, Chevron CEO Michael Wirth said on Tuesday. The dispute threatens to derail Chevron’s $53 billion takeover of Hess. The 30% stake in the prolific Exxon-operated Stabroek oilfield in Guyana is Hess’s most valuable asset. Exxon says …
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CERAWEEK: CEO Patrick Pouyanné Jokes that Texas is TotalEnergies’ ‘El Dorado’
TotalEnergies CEO Patrick Pouyanné said during CERAWeek by S&P Global that Texas was important for his company, which he jokingly called the French company’s “El Dorado” due to the state’s love for oil, gas and renewables.
Exxon CEO Says Hydrogen Project at Risk Without IRA Tax Credits
Texas plant would make hydrogen from gas and capture carbon Woods calls on Biden administration to back IRA ‘principles’ Exxon Mobil Corp. won’t move forward with one of the world’s largest, low-carbon hydrogen projects if the Biden administration withholds tax incentives for natural gas-fed facilities, Chief Executive Officer Darren Woods said during an interview. Under the current guidelines, …
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ConocoPhillips CEO Calls for U.S. to End LNG Permit Pause in November
Executive says freeze on US licenses should end after election Ryan Lance criticizes policy for driving down activity The Biden administration’s pause on liquefied natural gas export licenses needs to end after November’s presidential election, said Ryan Lance, chief executive of ConocoPhillips, the Houston-based oil and gas producer with a growing LNG business. “Customers are …
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CERAWeek: AI, Energy Industry Meet at Scary, but Exciting, Crossroads
From optimizing assets to enabling interoperability, digital technology works best through collaboration.
Exclusive: Silixa’s Distributed Fiber Optics Solutions for E&Ps
Todd Chuckry, business development manager for Silixa, highlights the company’s DScover and Carina platforms to help oil and gas operators fully understand their fiber optics treatments from start to finish in this Hart Energy Exclusive.