Exxon Adds 270,000 Acres for Largest Carbon Storage Site in the US
Exxon Mobil has leased acreage on the Gulf Coast from the Texas General Land Office for carbon capture and storage.
LNG Sector Under Fire as Activists’ Lawsuits Surge
ESG litigation is increasingly affecting the LNG industry while, more broadly, nearly 70% of climate-related cases are filed in the U.S.
APA Curtails Natgas, NGL Output Amid Low Waha Prices
Apache parent APA Corp. curtailed more natural gas and NGL output than previously anticipated as it realized just $0.15/Mcf in the U.S.
APA Corporation provides third-quarter 2024 supplemental information and schedules results conference call for November 7 at 10 a.m. central time
HOUSTON, Oct. 09, 2024 (GLOBE NEWSWIRE) — APA Corporation (Nasdaq: APA) today provided supplemental information regarding certain third-quarter 2024 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the third-quarter 2024. It is provided to assist investors, analysts and others in formulating …
ExxonMobil-Led Consortium to Continue Seismic Research for Gas off Crete, Says Greece
By Reuters (Reuters) – An ExxonMobil-led consortium will move to the second phase of seismic research for gas exploration in a block off the Greek island of Crete, Greece said on Thursday. Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) said that the consortium of ExxonMobil and Hellenic Energy have acquired a total of 7,789 kilometres …
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Surge in US Ethanol Exports Offsets Thriving Production
By Karen Braun NAPERVILLE, Illinois, Oct 9 (Reuters) – Despite a jump in production, U.S. ethanol stocks dropped significantly last week, partly owing to a sharp rebound in gasoline demand, which neared three-year highs. But record exports have been the factor keeping U.S. ethanol supplies in check over the last several months, even as output of …
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ConocoPhillips Gets US Licenses in Bid to Recoup Venezuela Debt
Licenses allow ConocoPhillips to advance legal efforts Texas-based oil and gas producer owed $10 billion by Venezuela ConocoPhillips has been granted a string of licenses by the US government that allow the oil and gas producer to better position itself to recover some or all of the roughly $10 billion it is owed by Venezuela after …
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A World in Need of More Gas Isn’t Getting New Supply Fast Enough
With countries still reeling from the energy crisis, delays to LNG projects push relief prospects further out. A wave of new liquefied natural gas supply from projects agreed years ago in anticipation of surging demand keeps getting pushed back, threatening to extend the global energy crisis. Delays from the US to Mozambique promise little imminent …
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Why the Strait of Hormuz Is a Focus of Worry Again
The Strait of Hormuz, a narrow waterway at the mouth of the Persian Gulf, is rarely far from the center of global tensions. A major shipping route that handles almost 30% of the world’s oil trade, it’s closely watched for signs of disruption. The escalating conflict between Iran and Israel has again raised concerns that shipping through the vital waterway …
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After M&A, Some ‘Stingy’ E&Ps Plan to Hold Operated Shale Inventory
After a whirlwind run of upstream consolidation, experts anticipated a wave of portfolio rationalization and divestitures. But with high-quality drilling locations already scarce, E&Ps may cling to operated inventory.