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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 …
(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 …
Exxon Mobil Raised Package of CEO Woods to $36.9 Mln in 2023 Read More »
US moratorium on LNG export permits drew concern from Tokyo Japan joins effort to promote floating offshore wind energy US President Joe Biden and Japanese Prime Minister Fumio Kishida pledged to intensify efforts to harness wind power and speed the transition to clean-energy amid concerns in resource-scant Japan over access to liquefied natural gas. “The United States remains …
Biden, Kishida Eye Wind Power as Japan Worries About LNG Supply Read More »
Producers are bringing more wells online, adding fuel to a glutted market. There’s so much natural gas flowing from Texas wells that producers are paying customers to take it off their hands. They can blame oil prices. With crude hovering near a six-month high, the companies extracting it are tapping a stash of wells they drilled but hadn’t …
Oil Rally Is Driving Texas Gas Prices Below Zero Read More »
(Reuters) – Cenovus Energy has announced a $1.5 billion investment in its Ohio refineries, including Lima and Oregon, according to a local media report on Wednesday. Ohio provides a “vital strategic location” that aids Cenovus’s decision to expand, said Doreen Cole, the company’s executive vice president, downstream, in a press release, quoted by the local media. Cenovus …
Cenovus Energy to Invest $1.5 Billion in Ohio Refineries Read More »
The Biden administration has urged a U.S. appeals court to tell a lower court to rethink its order that would require Canadian operator Enbridge to drain portions of an oil pipeline that runs through Native American tribal land in Wisconsin, according to a court filing made public on Wednesday. In an amicus, or friend-of-court, brief dated April …
Biden Administration Says Enbridge Pipeline Shutdown Order Should be Reconsidered Read More »
U.S. weekly imports of Mexican crude oil fell to the lowest on record in the early April, as Mexico’s state energy company Pemex cut exports to supply more oil to its domestic refineries. The imports dropped to 209,000 barrels per day (bpd) in the week ended April 5, data from the U.S. Energy Information Administration …
U.S. Imports of Mexican Crude Oil Fall to Lowest on Record, EIA Says Read More »
U.S. natural gas futures edged up about 1% to a five-week high on Wednesday on an increase in feedgas to the Freeport LNG export plant and a drop in output as pipeline maintenance trapped gas in Texas and producers continued to reduce drilling activities after prices collapsed to 3-1/2-year lows earlier this year. Limiting price …
U.S. Natgas Prices Hit 5-Week High on Rising Feedgas to Freeport LNG, Output Drop Read More »
U.S. crude, gasoline and distillate inventories rose in the week ending April 5, the Energy Information Administration said on Wednesday. Crude inventories rose by 5.8 million barrels to 457.3 million barrels in the week ended April 5, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.4 million-barrel rise. Crude stocks …
U.S. Crude Stocks, Gasoline and Distillate Inventories Rise – EIA Read More »
There are still too many energy companies chasing too little capital. By Javier Blas Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” Even after a record $200 billion dealmaking frenzy last year, US oil and …
$200 Billion of M&A Wasn’t Enough in U.S. Oil Patch Read More »
