Global oil demand will not peak for some time so policy makers need to ensure sufficient investment in oil and gas to meet consumption and abandon the fantasy of phasing out the fossil fuels, Saudi Aramco CEO Amin Nasser said on Monday. The head of the world’s largest energy company urged a re-set of global energy …
Saudi Aramco CEO Says No Peak in Oil Demand for Some Time to Come Read More »
Exxon Mobil CEO Darren Woods on Monday said his company is trying to secure preemption rights over Hess Corp’s Guyana assets in its dispute with Chevron, not buy the company itself. In his first public remarks on the company’s pursuit of an arbitration case that could block Chevron’s $53 billion deal for Hess, Woods said Exxon …
CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.
Since acquiring XTO for $36 billion in 2010, Exxon Mobil has gotten better at drilling unconventional shale plays. But it needed Pioneer’s high-quality acreage to keep running in the Permian Basin, CEO Darren Woods said at CERAWeek by S&P Global.
New Fortress Energy sold two power plants to the Puerto Rico Electric Power Authority to provide cleaner and lower cost energy to the island.
Reducing greenhouse gas emissions from hydrocarbons through carbon capture and other technologies achieves better results than alternative energies, Saudi Aramco CEO Amin Nasser said.
CEO Darren Woods said Exxon Mobil is trying to secure preemption rights over Hess Corp.’s Guyana assets in its dispute with Chevron, not buy the company itself.
(Reuters) – The head of the world’s largest energy company on Monday urged for a “re-set” of plans to quickly replace fossil fuels with renewable energies, calling current energy transition timetables a fantasy. Saudi Aramco CEO Amin Nasser in remarks at a Houston energy conference called for recognition that demand for oil and gas is …
CERAWEEK: Saudi Aramco CEO Argues for “Re-set” of Energy Transition Timetables Read More »
U.S. oil refiners are expected to have about 775,000 barrels per day (bpd) of capacity offline for the week ending March 22, increasing available refining capacity by 329,000 bpd, research company IIR Energy said on Monday. Offline capacity is expected to edge down to 744,000 bpd in the week ending March 29, IIR added. The …
U.S. Oil Refiners’ Weekly Capacity Seen up 329,000 Bpd – IIR Read More »
Tellurian said on Monday it was looking at all options, including a potential sale, and that CEO Octavio Simoes had stepped down from his role, amid the liquefied natural gas developer’s efforts to keep its Driftwood export project alive. The company earlier this year had hired Lazard to explore a sale of its Haynesville upstream …
LNG Developer Tellurian to Explore Sale Among Other Options, CEO Steps Down Read More »
