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Environmentalists Protest as Biden Administration Approves Huge Oil Export Terminal Off Texas Coast

WASHINGTON (AP) — In a move that environmentalists called a betrayal, the Biden administration has approved construction of a deepwater oil export terminal off the Texas coast that would be the largest of its kind in the United States. The Sea Port Oil Terminal being developed off Freeport, Texas, will be able to load two …

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COMMENTARY: Why You Shouldn’t Be Alarmed About Unusually Warm Temperatures – Alex Epstein

Even with recent temperatures, which are a temporary anomaly, not the new normal, cold is a bigger problem than heat and fossil fuels keep us safer from both. By Alex Epstein Myth: Recent, unusually warm temperatures show that fossil fuels are making our climate more and more dangerous. Truth: Even with recent temperatures, which are a …

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AI Poised to Break Out of its Oilfield Niche

At the AI in Oil & Gas Conference in Houston, experts talked up the benefits artificial intelligence can provide to the downstream, midstream and upstream sectors, while assuring the audience humans will still run the show.

Exxon Mobil Raised Package of CEO Woods to $36.9 Mln in 2023

(Reuters) – Exxon Mobil  Chief Executive Darren Woods received $36.9 million in total compensation for 2023, up nearly 3% from a year earlier, the oil major said in a regulatory filing on Thursday. And in proxy filing ahead of its May 29 annual meeting of shareholders, Exxon recommended its investors vote against all proposals submitted by …

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