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Exxon Mobil will bring its Permian basin output up to 2 million barrels per day by 2027, while it also ramps up production in Guyana, Vice President of Global Exploration John Ardill said on Tuesday at a conference in Houston. Exxon has grown its position in the Permian significantly since 2017, when it acquired some …
Exxon Mobil Eyes 2 Million Bpd of Output in the Permian by 2027 Read More »
WHITING, Ind. (AP) — BP’s sprawling oil refinery in northwest Indiana has resumed normal operations more than six weeks after a power outage prompted the energy giant to temporarily shut down the complex and evacuate workers. BP spokesperson Christina Audisho said Tuesday that “the Whiting Refinery is back to normal operations” at the site along …
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 …
Enbridge Aims to Expand Gray Oak Oil Pipeline Capacity by 120,000 bpd Read More »
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 …
Biden Drops Mileage Score for Electric Cars in Bid to Spur Sales Read More »
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 …
Chevron Surprised When Exxon Filed for Arbitration Over Guyana – CEO Read More »
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, …
Exxon CEO Says Hydrogen Project at Risk Without IRA Tax Credits Read More »
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 …
ConocoPhillips CEO Calls for U.S. to End LNG Permit Pause in November Read More »
March 18 (Reuters) – Three right-wing groups sued the Biden administration on Monday over its approval of a wind project off the coast of Virginia, alleging it failed to consider the facility’s impacts on endangered whales. The federal lawsuit filed by the Heartland Institute, Committee for a Constructive Tomorrow (CFACT) and National Legal and Policy …
Right-Wing Groups Sue U.S. Over Offshore Wind Impact on Whales Read More »
Top oil executives took to the stage of a major energy conference on Monday to vocally oppose calls for a quick move away from fossil fuels, saying society would pay a steep cost to replace oil and gas. Big oil companies including BP and Equinor have written down renewable energy projects and others have been forced to …
Big Oil Executives Push Back Against Calls for Fast Energy Transition Read More »
Alaska Gasline Development Corp (AGDC) said on Monday it was working to secure funding for Front-End Engineering Design (FEED) for its proposed Alaska LNG project in 2024, which would lead to a final investment decision (FID) in 2025. FEED focuses on technical requirements and identifying main costs for a proposed project. Alaska LNG, which is …
Alaska LNG Seeks Funding on Path to Final Investment Decision in 2025 Read More »
