Exxon Mobil CEO sets plan to boost spending; shares slide
Exxon Mobil Corp plans to boost capital spending for several years, CEO Darren Woods said on Wednesday, and the largest U.S. oil company’s shares fell after he laid out a Continue Reading
Alaska Gasline’s natgas pipeline gains key federal approval
Alaska Gasline Development Corp (AGDC) said on Wednesday it received the last major federal permit needed before it can decide on its proposed $10 billion Alaska Stand Alone Pipeline (ASAP) Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending March 1, 2019 U.S. crude oil refinery inputs averaged 16.0 million barrels per day during the week ending March 1, 2019, Continue Reading
Exxon Sees Earnings Rising By Over $4B Through 2020
ExxonMobil expects its earnings to grow by more than US$4 billion from 2019 to 2020, the U.S. supermajor said in its Investor Day presentation on Wednesday. In 2018, Exxon booked Continue Reading
Exxon’s Billions Could Spawn a Permian Monster
Exxon Mobil Corp. took four hours on Wednesday morning to tell investors: “Hold on a bit, we got this.” But investors aren’t in a patient mood with high-spending oil and Continue Reading
Trump administration offshore drilling plan due ‘in coming weeks’: official
The Trump administration’s revised five-year program to expand offshore drilling in most federal waters will be released “in the coming weeks,” an Interior Department official said on Wednesday, after months Continue Reading
The Next Major Flashpoint For U.S. Shale
Colorado is overhauling the laws governing how the oil and gas industry operates in the state. The legislation seeks to put more protections on public health, safety and the environment Continue Reading
Permian Still Booming Despite Hurdles
The Permian’s oil pipeline network is expected to grow 60-70 percent in the next five years. The Permian Basin is the energy-producing juggernaut behind the U.S. shale revolution. This vast Continue Reading
UK aims to draw third of electricity supplies from offshore wind
The UK has announced a new target to source a third of its electricity from offshore wind by 2030 , but faces criticism for not setting more ambitious goals to Continue Reading
Volkswagen Launches $50B EV Race To Challenge Tesla
One of the world’s largest carmakers, Germany’s Volkswagen AG, is betting big on electric vehicles and e-mobility with a war chest of around US$50 billion to challenge Tesla, which, for Continue Reading