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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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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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CERAWeek’s Yergin on What to Expect at Big Energy Conference

Biofuels, Carbon Capture, Conferences, Electricity Grid, Energy Topics & Technology, Events, Finance, Latest, Pinned Primary, Trade Shows, US News, Webinars / By

Meeting demand and transitioning to clean energy amid geopolitical tensions will dominate conversations among industry heavyweights at CERAWeek in Houston next week. More than 7,000 people are headed to Houston this week to attend CERAWeek by S&P Global with a key question in mind: How to meet increasing demand for power amid the transition to …

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Biden Set to Crack Down on Auto Emissions to Accelerate EV Sales When the Country Simply Isn’t Ready

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

EPA expected to finalize tailpipe emission limits within days Formula for calculating electric vehicle fuel use also coming The Biden administration is preparing to roll out the toughest-ever limits on pollution from the nation’s cars and light trucks after making changes likely to mollify some automakers. Emissions limits set to be finalized by the Environmental …

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Exxon-Led Group Strikes New Oil and Gas Discovery Off Guyana

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

Exxon Mobil on Friday disclosed a new oil and gas discovery in the prolific Stabroek block offshore Guyana, the company’s first announced discovery in the South American country this year. The Bluefin discovery joins more than 30 already since 2015 in the Stabroek block, an 6.6 million acre (26,800 square kilometers) area that has been …

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U.S. Drillers Add Most Oil and Gas Rigs in a Week Since September – Baker Hughes

Drilling Rigs, Energy Topics & Technology, Latest, US News / By

U.S. energy firms this week added the biggest number of oil and natural gas rigs in a week since September, with the oil rig count also rising to its highest in six months, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator …

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Baker Hughes’ Emissions Abatement Technology Enables bp to Achieve Flare Emissions Monitoring Breakthrough

Emission Reduction, Energy Topics & Technology, Latest, Press Releases / By

bp is using Baker Hughes’ flare.IQ technology to quantify methane slip emissions from its flaring operations Enhancing the accuracy of monitoring helps bp to reduce emissions from flaring Baker Hughes flare.IQ successfully implemented in multiple regions HOUSTON and LONDON, March 14, 2024 (GLOBE NEWSWIRE) —  Baker Hughes (NASDAQ: BKR), an energy technology company, has announced …

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Biden’s LNG Freeze Delaying Projects and Risking U.S. Market Share

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, LNG, Tri-Pinned, US News / By

At least two exporters have pushed back investment decisions Asian buyers are becoming reluctant to sign on to US plants The Biden administration’s pause on new licenses for liquefied natural gas exporters is already stalling progress for projects that were aiming to come online later this decade. Several LNG buyers have delayed signing new long-term …

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Strained Texas Power Grid Is Poised to Lose a Big Gas Plant

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas, US News / By

The Texas power grid is poised to lose a big natural gas-fired power plant, potentially straining a system that’s already grappling with an exodus of fossil fuel generation. CPS Energy plans to “indefinitely suspend operations” of three units of the V.H. Braunig facility totaling 859-megawatts by March 31, 2025, according to a notice posted by the Electric …

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AI Promises Faster Oil Drilling and Even More U.S. Crude Supply

Artificial Inteligence, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil, Pinned Primary, US News / By

Companies use AI to run drill rigs and predict broken pumps Technology could slash costs and squeeze more oil from wells From a dark Houston control room, Rafael Guedes watched on a monitor as a robot took charge of a drilling rig in a North Dakota oil field, locking out the human operator. Glowing red …

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