The Oil and Gas Climate Initiative’s biggest project to date has been to set targets for the reduction of carbon dioxide and methane emissions from its member companies. SourceContinue Reading

Woodside successfully executed a million-vCPU scale computing workload across three AWS regions in the United States, performing full-waveform inversion on 3,200 km2 of 3D seismic data from the Greater Sunrise gas resource, located offshore Timor-Leste. SourceContinue Reading

Iran’s top political chamber gave final approval to a bill forcing President Hassan Rouhani to end international nuclear inspections unless the U.S. lifts key sanctions by February, giving the incoming Biden administration just weeks to make a diplomatic breakthrough. SourceContinue Reading

Discussions have focused on a gradual relaxation of output cuts over several months, and according to one delegate there could be a one-month delay before the tapering starts. SourceContinue Reading

Futures in New York traded near $45 a barrel. Discussions are now focusing on proposals for a gradual easing of production cuts over several months, following talks between Russia, Saudi Arabia and the United Arab Emirates, said a delegate. SourceContinue Reading

Reducing emissions intensity means that Pioneer will cut the amount of pollution per barrel of oil produced rather than the absolute amount of greenhouse gases pumped into the atmosphere. SourceContinue Reading

How China Took Control Of Exxon’s Supergiant Iraqi Oilfield | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Dec 02, 2020, 7:00 PM CST Various reports that...Continue Reading

Venezuela’s Gasoline Shortage Is Worsening | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 02, 2020, 6:30 PM CST Venezuela’s state oil company PDVSA suspended gasoline production at the El Palito refinery after a problem with a valve led to a fire, unnamed sources familiar...Continue Reading

Big Oil Is Shedding Assets To Focus On Key Projects | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Dec 02, 2020, 6:00 PM CST Exxon this week did something unprecedented: it wrote...Continue Reading