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CERAWEEK: Saudi Aramco CEO Argues for “Re-set” of Energy Transition Timetables

Conventional Energy, Latest, Natural Gas, Oil, US News / By

(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 …

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U.S. Oil Refiners’ Weekly Capacity Seen up 329,000 Bpd – IIR

Conventional Energy, Latest, Refineries, US News / By

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 …

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LNG Developer Tellurian to Explore Sale Among Other Options, CEO Steps Down

Conventional Energy, Latest, LNG, US News / By

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 …

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UAE in 15-Year Germany Gas Deal in Boost to Energy Security

CDN and International News, Conventional Energy, Latest, LNG / By

Adnoc to supply SEFE with 1 million tons of LNG per year Supply from Adnoc’s planned Ruwais LNG plant to start in 2028 The United Arab Emirates agreed to sell liquefied natural gas to Germany for 15 years starting 2028, in a deal that further cements Europe’s fossil fuel use and underpins the Middle Eastern country’s plan …

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RESURGENCE: Exxon Chief Goes on the Offensive as Wall Street Sours on ESG

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

After coming under attack from both environmentalists and investors in the first half of his seven-year tenure at the helm of Exxon Mobil Corp., Darren Woods is on the offensive. Already this year, Woods filed an arbitration case against Chevron Corp. for attempting to buy into Exxon’s massive offshore oil project in Guyana and a lawsuit against …

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Oil Prices Climb as Attacks on Russian Energy Facilities Intensify

Conventional Energy, Latest, Oil, US News / By

Summary Ukraine attacks more Russian energy infrastructure over weekend Both benchmarks end last week higher Eyes on monetary policy in major economies this week (Reuters) – Oil benchmark Brent hovered just under the $86 a barrel mark on Monday, extending last week’s gains, as Ukraine increased its attacks on Russian energy infrastructure. Brent crude oil …

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Pandell Parent Company ESG Acquires Whitestar to Extend Land Offering for Energy Developers

Company Announcements, Latest / By

Whitestar Brings New GIS Data & Mapping Technology Capabilities to Pandell Land Suite Today we’re excited to announce the acquisition of Whitestar, by Pandell parent company, ESG. Whitestar is the leading provider of infrastructure planning data and software products for energy providers in North America. The acquisition will add one-of-a-kind project evaluation and other capabilities …

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CERAWEEK 2024: Oil Mergers, Clean Fuels vie for Attention at Houston Energy Conference

Biofuels, Carbon Capture, Conferences, Conventional Energy, Energy Topics & Technology, Events, Exploration & Production, Latest, LNG, Mergers and Acquisitions, Natural Gas, Oil, Trade Shows, US News / By

HOUSTON, (Reuters) – Top oil executives and ministers descend on Houston this week for one of the world’s biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large-scale move to clean fuels. Global oil prices have remained in a range between $75 and $85 per barrel, a level fueling …

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