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Pioneer CEO
Crude Oil News

Pioneer CEO: Oil Could Reach $100 a Barrel by Q4

March 8, 2023 Mariel Alumit

Pioneer Natural Resources CEO Scott Sheffield says oil could reach $100 a barrel by q4. He also says oil output in the Permian Basin will peak in five to six years. He speaks to Bloomberg’s […]

Offshore
E&P

Offshore Oil And Gas Is Back With More Than $200 Billion In New Investment

March 8, 2023 Mariel Alumit

Offshore oil and gas is set for the highest growth in a decade in the next two years. Offshore activity is expected to account for 68% of all sanctioned conventional hydrocarbons in 2023 and 2024. […]

EOG
E&P

Despite Gas Price Slump, EOG Full Steam Ahead in Emerging Plays

March 8, 2023 Mariel Alumit

EOG Resources Inc.’s drilling plans — particularly in emerging plays in South Texas and the Utica Shale — are not being significantly impacted by the recent slump in natural gas prices, the company recently told […]

Biden
Climate Crisis

The Biden Presidency Facts First 2022 Midterms Audio Live TV Log In What to know about the controversial Willow oil drilling project in Alaska

March 7, 2023 Mariel Alumit

CNN —  The Biden administration is expected to make a decision soon on whether to approve the controversial Willow Project in Alaska. ConocoPhillips’ massive Willow oil drilling project on Alaska’s North Slope has been moving through the […]

Oxy
E&P

Oxy CEO Vicki Hollub doesn’t seem worried about White House pressure on buybacks, oil prices

March 7, 2023 Mariel Alumit

KEY POINTS Oxy CEO Vicki Hollub oversaw the No. 1-performing stock in the S&P 500 in 2022. The White House has pressured oil companies to produce more but Hollub says its capital spending plan will […]

oil
Climate Crisis

Environmentalists sue to stop Gulf of Mexico oil and gas auction

March 7, 2023 Mariel Alumit

March 6 (Reuters) – (This March 6 story has been corrected to read that the lawsuit was filed in the U.S. District Court for the District of Columbia, and not the U.S. Court of Appeals […]

Alaska
E&P

Biden Hears Oval Office Plea for Alaska Oil Project in Lobbying Frenzy

March 6, 2023 Allen Santos

​Alaska’s congressional delegation personally appealed to President Joe Biden to approve a proposed ConocoPhillips oil development in the state, joining a last-minute lobbying frenzy around the project that’s being cast as a test of his commitment to […]

Russia
Crude Oil News

Russia’s Oil Revenues Plunged By 48% In February

March 6, 2023 Allen Santos

By Charles Kennedy of OilPrice.com, Russian tax revenue from crude oil and petroleum products plummeted by 48% in February from a year earlier due to the much lower price of Russia’s flagship crude grade after […]

Big Oil Companies

Daily Energy Standup Episode #74 – Oil prices look bullish through 2023 and 2024 – Chevron boosts share buyback – BP rolls back renewable – Russia looks to next steps.

March 6, 2023 Andy Del Prado

Daily Standup Top Stories  Forget Peak Oil Demand: A Thirst for Barrels Puts $100 in View March 5, 2023 Allen Santos As Covid-19 lockdowns gripped the world in 2020, Bernard Looney, chief executive officer of BP […]

BP
Big Oil Companies

Opinion: BP’s Beyond Petroleum rolls back climate ambitions, sends …

March 5, 2023 Allen Santos

BP, the former British Petroleum, desperately wants to be a good environmental citizen – but not just yet. Last month, the company rolled back its climate ambitions. Shareholders who love oil-soaked profits sent BP BP-N shares soaring. Shell SHEL-N, […]

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Smartphone
Crude Oil News

U.S. petroleum product exports set a record high in 2022

March 20, 2023

March 20, 2023 Data source: U.S. Energy Information Administration, Petroleum Supply Monthly Note: HGL=hydrocarbon gas liquids In 2022, the United States set a new record for petroleum product exports, up 7% from 2021, according to […]

Duke
Electrical Generation

Duke Energy Begins Construction on Two New Solar Sites in North Florida

March 20, 2023

Solar projects in Bay and Madison counties add to the company’s growing renewable generation portfolio At peak output, each site will generate enough carbon-free electricity to power nearly 23,000 homes ST. PETERSBURG, Fla., March 17, 2023 […]

Mexico
Crude Oil News

More than 3,000 acres of New Mexico public land being sold for oil and gas amid protests

March 20, 2023

A sale of New Mexico’s public land to the oil and gas industry was expected in May with lands going to auction throughout the Permian Basin in the southeast corner of the state. The auction scheduled […]

Crude Oil News

U.S. raises the offshore rig count ante

March 20, 2023

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States was on the upswing last week with three units added to the mix. The total number of rigs […]

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