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HomeBig Oil Companies

Big Oil Companies

Big Oil Companies

Exxon And Chevron Close To Signing Gas Exploration Deals In Algeria

June 3, 2023 Allen Santos

By Charles Kennedy of OilPrice.com, ExxonMobil and Chevron could gain access to Algeria’s vast natural gas resources as the U.S. supermajors are in advanced talks for exploration and production deals in the North African country, […]

Big Oil Companies

Senior UAE official defends Big Oil’s role at UN climate summit, as they can help pay for the Energy Transition

June 3, 2023 Allen Santos

BERLIN (AP) — A senior United Arab Emirates official says the Gulf nation wants the U.N. climate summit it’s hosting later this year to deliver “game-changing results” for international efforts to curb global warming, but doing so […]

Big Oil Companies

TotalEnergies renews production license offshore Nigeria

May 29, 2023 Allen Santos

TotalEnergies, operator of OML130 in Nigeria, announced the renewal of the production license on this block for 20 years. Courtesy of TotalEnergies Located 150 kilometers off the Nigerian coast, the OML130 block contains the prolific […]

Big Oil Companies

Oil Majors Face Tough Choices Ahead Of Shareholder Meetings

May 28, 2023 Mariel Alumit

 OPEC Lambasts Anti-Oil Sentiment, Warns of Underinvestment – OPEC+ compliance with its collective targets keeps on worsening with the 19 members underperforming by 2.6 million b/d, just as the oil alliance prepares for its June […]

Chevron Chairman and CEO Mike Wirth
Big Oil Companies

Chevron PDC Deal About Addition, Not Substitution

May 28, 2023 Mariel Alumit

Oil and gas acquisitions in the era of capital discipline have often been a matter of “high-grading” portfolios by pushing out lower-return, more carbon-intensive assets. But Chevron CEO Mike Wirth tells Energy Intelligence that his firm’s agreed […]

Big Oil Companies

Warren Buffett Adds Another $200 Million in Occidental Stock – Is it still a buy?

May 28, 2023 Allen Santos

At a conference about energy finance and the energy transition on May 19, Occidental Petroleum CEO Vicki Hollub stated it plainly, “We will never walk away from oil and gas…and our carbon management business will […]

Big Oil Companies

Daily Energy Standup Episode #131 – Protesters Fight for Climate Justice as Shell Shareholder Meeting Turns Tense

May 25, 2023 Andy Del Prado

Climate protesters dragged away from Shell shareholder meeting: ‘Go to hell!’ May 24, 2023 Mariel Alumit Climate change protesters were dragged away as they tried to storm the stage at Shell’s shareholder meeting Tuesday, while activist investors […]

Climate
Big Oil Companies

Climate protesters dragged away from Shell shareholder meeting: ‘Go to hell!’

May 24, 2023 Mariel Alumit

Climate change protesters were dragged away as they tried to storm the stage at Shell’s shareholder meeting Tuesday, while activist investors added pressure with a resolution demanding the global oil and gas giant beef up its emissions […]

ExxonMobil
Big Oil Companies

ExxonMobil Sells Williston Assets

May 24, 2023 Mariel Alumit

Chord Energy Corp. has entered a deal to acquire hydrocarbon development areas in the Williston Basin owned by ExxonMobil Corp. for $375 million. The definitive agreement with XTO Energy Inc. and affiliates, which are ExxonMobil […]

Chevron
Big Oil Companies

Chevron to boost U.S. presence with $7.6 billion PDC Energy buy

May 22, 2023 Mariel Alumit

May 22 (Reuters) – Chevron Corp (CVX.N) said on Monday it is increasing its U.S. oil and gas footprint by acquiring shale producer PDC Energy Inc (PDCE.O) in a stock-and-debt transaction worth $7.6 billion. For Chevron, the second-largest U.S. […]

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Debt Ceiling Permitting Provisions Offer Good First Step to Meaningful Reform

June 7, 2023

President Biden has signed the Fiscal Responsibility Act (FRA) into law which suspends the debt ceiling into 2024 and avoids a U.S. default. The bill contains several historic reforms to the National Environmental Policy Act […]

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Biofuel

The Climate Solution That’s Horrible for the Climate

June 7, 2023

As America rushes to generate more renewable electricity, it has become fashionable to fret that solar and wind farms use too much land. But America is also racing to produce more renewable fuels, and they use much, […]

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E&P

EIA Boosts U.S. Oil Production Forecast For 2023

June 7, 2023

The Energy Information Administration has increased its forecast for U.S. oil production this year, projecting an increase of 720,000 barrels per day. While it expects U.S. oil production to increase, the EIA sees demand for […]

ConocoPhillips
Crude Oil News

ConocoPhillips Starts Nuna Oil Field Development in Alaska

June 7, 2023

ConocoPhillips is set to develop its Nuna field project in Alaska and expects a peak oil rate of 20,000 barrels per day from the site, the company said in a news release. Construction will begin […]

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