U.S. service and equipment costs may be moderating, though there appears to be fluctuations across product niches and basins.
January 23, 2024, 9:24 AM MST
U.S. oil producers are delivering productivity gains across Texas, unlocking more output, bringing down costs, and helping navigate ongoing market uncertainties.
November 30, 2023, 10:22 AM MST
ConocoPhillips is gearing up for construction of its US$7 billion Willow oil project in Alaska despite overhanging legal uncertainties and an ongoing regulatory review that could impact future development, Andrew O’Brien, senior vice-president of global operations, told analysts at the company’s third quarter 2023 earnings call.
November 20, 2023, 6 AM MST
Exxon Mobil Corporation is seeing oil production surpass nameplate capacity at the first two stages of its Guyana offshore oil development, creating expectations production could trend higher than the expected 1.2 million bbls/d the company is targeting from the Stabroek Block by 2027.
November 6, 2023, 12 AM MST
Exxon Mobil Corporation believes it can leverage its operational skills to recover an addition billion bbls of oil from the Permian assets it acquired in its $65 billion acquisition of Pioneer Natural Resources, Neil Chapman, senior vice-president, said during the company’s third quarter conference call.
November 6, 2023, 12 AM MST
Spanish energy group Repsol is increasing its focus on renewable energy as part of its effort to cut corporate emissions.
August 15, 2023, 12 AM MDT
Italian oil and gas company Eni has committed heavily to renewable power production as part of its decarbonization efforts.
August 15, 2023, 12 AM MDT
Exxon Mobil Corporation is looking for M&A opportunities that leverage or extend its own technologies or skillsets to build out its Low Carbon Solutions business, chief executive officer Darren Woods said during a brief update on M&A during the company’s second quarter conference call.
August 11, 2023, 10:35 AM MDT
While still in the early exploration phase, U.S. lithium production from brine could become a significant source of domestic supply, said Exxon Mobil Corporation chief executive officer Darren Woods during the company’s second quarter conference call, calling it an area ExxonMobil is “actively exploring.”
August 8, 2023, 11:09 AM MDT
TotalEnergies SE has made renewables a cornerstone of its net zero strategy, though a recently signed oil and gas deal in Iraq worth a reported $27 billion could potentially check its progress in curbing emissions.
July 26, 2023, 10:21 AM MDT
Shell plc has made sustained progress cutting emissions in recent years, though a commitment to maintain oil production through to 2030 could make reaching its short-term emissions targets a challenge.
July 14, 2023, 12 AM MDT
Pemex is facing a critical period ahead as it seeks to reduce emissions at a time when production is climbing.
July 7, 2023, 12 AM MDT
Exxon Mobil Corporation is prioritizing carbon capture and storage (CCS), hydrogen, and low emission fuels rather than renewable energy like solar and wind, as it pursues its rigorous climate goals.
June 29, 2023, 6 AM MDT
Southwestern Energy Company is looking to rein in emissions from its dual-basin U.S. unconventional gas portfolio after its business expanded greatly in recent years.
June 21, 2023, 12 AM MDT
The recent move by ConocoPhillips to buy out its partner TotalEnergies EP Canada Ltd.’s 50 per cent stake in the Surmont oilsands project — a deal worth more than US$3 billion — will have minimum effect on the company’s progress on climate and emissions.
June 15, 2023, 8:48 AM MDT
Oil and gas production will be needed for years to come — but who will run the rigs and work the wells?
April 27, 2023, 8:33 AM MDT
Investment in renewables and clean energy technology is at an all-time high and climbing fast.
April 20, 2023, 6 AM MDT
Carbon capture and storage (CCS) in the power generation sector offers a pathway to net zero, while maintaining the energy diversity and security thermal-based generation provides.
April 13, 2023, 12 AM MDT
The Middle East accounts for almost one-third of world oil production and holds close to half of all proved oil reserves and 40 per cent of gas reserves.
April 6, 2023, 6 AM MDT
Norway’s Equinor launched its first energy transition plan in 2022 detailing how it intends to achieve net zero by 2050.
March 27, 2023, 6 AM MDT
Global coal demand increased in 2022 as countries looked for affordable, secure energy supply after Russian oil and gas exports were curtailed due to its Ukraine invasion.
March 20, 2023, 8:28 AM MDT
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