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Enbridge Aims to Expand Gray Oak Oil Pipeline Capacity by 120,000 bpd

Energy Topics & Technology, Latest, Pipelines, US News / By

Energy pipeline operation Enbridge plans to expand capacity on its Gray Oak oil pipeline by 80,000 barrels per day (bpd) this year, an executive told Reuters on Tuesday. An additional 40,000 bpd expansion could come online in 2025 after the company decides on its capital expenditure plans, said Colin Gruending, an executive vice president at Calgary-based …

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Chevron CEO Talks Guyana M&A, Exxon Dispute

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Chevron Corp. CEO Mike Wirth said during CERAWeek by S&P Global that California’s company’s plan to acquire Hess Corporation, and specifically its 30% interest in the Guyana offshore Stabroek Block, was an important deal as well as good one.

Biden Drops Mileage Score for Electric Cars in Bid to Spur Sales

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

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

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

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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Exxon CEO Says Hydrogen Project at Risk Without IRA Tax Credits

Energy Topics & Technology, Hydrogen, Latest, US News / By

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

Conventional Energy, Latest, LNG, US News / By

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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