Occidental Petroleum (OXY -2.01%) sees tremendous potential for carbon capture and storage (CCS). The process that extracts carbon dioxide from the air and stores it underground could help significantly reduce climate-impacting carbon emissions in the future. CCS […]
Exxon Mobil Corp. (XOM.N) estimates there will be a $4 trillion market by 2050 for capturing carbon dioxide and storing it underground, the company said in a presentation on Tuesday. That is about 60% of the $6.5 […]
As oil prices surge to the highest levels since 2008, Occidental Petroleum CEO Vicki Hollub said U.S. producers cannot increase output right away. “We’re in a really dire situation,” she said Tuesday at CERAWeek by S&P Global. […]
For well over a year now, it has been apparent that much of the U.S. and global news media who focus on energy and the environment have engaged in a coordinated effort to push out […]
Confirmed $2.9 billion capital budget to sustain 2021 production in line with the fourth quarter of 2020, while lowering base decline to 22 percent Used net proceeds from asset sales and cash on hand to […]
Elon Musk became the richest person in the world by dramatically improving electric vehicles, pushing forward a technology that reduces carbon-dioxide emissions and slows global warming. Now he’s putting $100 million of that fortune into prizes […]
Biden’s one-year moratorium on new leases for fossil fuel extraction from federal lands and waters will have a minimal, short-term impact on oil and gas companies that long anticipated such a move. But if the […]
Energy News Beat Publishers Note: DRW has a reputation for speaking his mind. Sometimes people don’t like to hear the opposing side if it does not match their beliefs, or their miss information. We like […]
Deep in the Permian Basin, America’s biggest oilfield, Occidental Petroleum Corp. plans to build a facility that it believes could change the way the world thinks about fossil-fuel emissions. The globe’s first large-scale direct air capture (DAC) […]
The pummeling received by the oil market in 2020 and a subsequent slump in the valuations of energy stocks is well documented. As the Covid-19 global pandemic triggered an economic downturn – following national lockdowns, […]
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