Despite media whining, oil giants are dumping renewables and net-zero goals in favor of profitable oil and gas. Rigzone and The Telegraph, among other outlets, are reporting that many major energy companies are tempering net-zero pledges they made in recent years, turning away from renewables and back towards oil and gas. [emphasis, links added] This […]
Continue Reading(Reuters) Chevron\’s oil and gas reserves have fallen to the lowest point in at least a decade, highlighting the importance of the U.S. major\’s planned acquisition of oil producer Hess that has stalled due to a court battle with ExxonMobil. Reserve replacement is one of the key metrics for investors in energy companies, as it […]
Continue ReadingDaily Standup Top Stories US stuns European allies, opens Ukraine peace talks with Russia February 12, 2025 Mariel Alumit BRUSSELS – Donald Trump said on Wednesday he and Vladmir Putin had agreed to open talks to end Russia’s war in Ukraine “immediately”, after his defence secretary said it was “unrealistic” that Ukraine’s pre-2014 […] Saudi Arabia’s […]
Continue ReadingOffshore drilling giant Noble Corporation has won a new contract for one of its semisubmersible rigs in the Americas. Energy giant Shell awarded a contract to the 2009-built Noble Developer semisub. The deal is for a fixed duration of 180 days and is expected to commence in the third quarter of 2026. According to the […]
Continue ReadingDaily Standup Top Stories China to impose tariff on US LNG February 4, 2025 Mariel Alumit China’s Ministry of Finance said in a statement on Tuesday that the US government announced on February 1 the imposition of a 10 percent tariff on all Chinese goods exported to the US, citing fentanyl […] Trump demands rare-earth metals from […]
Continue ReadingDaily Standup Top Stories Tariffs on Oil Are a Major Problem for U.S. Refiners February 3, 2025 Mariel Alumit US tariffs on Canadian and Mexican imports will add to the financial burden of US refiners struggling with declining profit margins. Canada may divert oil exports to Asia due to the tariffs, while Mexico could […] USAID tried […]
Continue ReadingDaily Standup Top Stories Big Oil Earnings Slump Puts Payouts to Investors Under Pressure January 29, 2025 Clark Savage Fourth-quarter profit to be lowest in more than three years Oil markets weigh uncertain outlook driven by Trump’s return The flow of dividends and buybacks from the world’s largest oil companies is under pressure, with […] Planet Earth’s […]
Continue ReadingFourth-quarter profit to be lowest in more than three years Oil markets weigh uncertain outlook driven by Trump’s return The flow of dividends and buybacks from the world’s largest oil companies is under pressure, with fourth-quarter profits plunging and the return of President Donald Trump adding to the uncertainty. The five global oil majors are set to […]
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Shell Houston-based oilfield service giant SLB has been awarded a series of drilling contracts by Shell to support energy development across its deep- and ultra-deepwater assets. The scope of the contracts will include digital directional drilling services and hardware, logging while drilling, surface logging, cementing, drilling and completions fluids, completions, and wireline services on assets […]
Continue ReadingDaily Standup Top Stories Why would President Trump want to Annex Greenland? Is it for the weather or critical minerals? January 7, 2025 Clark Savage Ok, there is a lot of speculation today from X around Donald Trump Jr.’s trip to Greenland. I watched the call with President Trump calling into a town hall-style gathering, and […]
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