Shell had been spending heavily in offshore wind, aiming to leverage its experience extracting oil and gas at sea to become a leader in the technology. But soaring costs in the sector and a renewed focus on driving returns for shareholders under CEO Wael Sawan has led the company to back away from the energy...Continue Reading
Following comprehensive evaluation of the well data, including wireline logs, cuttings and gas data, preliminary interpretations confirm the presence of reservoirs over an interval of approximately 200 m gross thickness, corresponding to the pre-drill targets. SourceContinue Reading
The FTC was “straining” to find a reason to criticize Exxon’s deal for Pioneer, Sheffield’s lawyers wrote in the 23-page filing to the agency. Sheffield was examined under oath for four hours by the regulator on April 9 as part of its six-month investigation into the merger “but did not ask questions about his communications...Continue Reading
Solar Power Set to Soar in the Middle East | OilPrice.com Rystad Energy Rystad Energy is an independent energy consulting services and business intelligence provider offering global databases, strategic advisory and research products for energy companies and suppliers,… More Info Premium Content By Rystad Energy – May 28, 2024, 5:00 PM CDT Renewables are projected...Continue Reading
The transaction still needs to get past the U.S. Federal Trade Commission as well as the ongoing arbitration case brought by Exxon over control of Hess’ interest in the oil field offshore Guyana. Exxon has said the proceedings may drag into 2025. SourceContinue Reading
Saudi Aramco Aims for Net Zero Emissions Without Cutting Oil Production | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – May 28, 2024, 4:00 PM CDT Saudi Aramco, the world’s biggest oil and gas company, has unveiled plans to...Continue Reading
Mega-Batteries Key in the Electrification of Heavy Industry | 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 – May 28, 2024, 3:00 PM CDT Despite declining interest in electric passenger vehicles, some companies are pushing forward with...Continue Reading
Oil and Gas Investments in Norway Set for Record-High in 2024 | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Related News By Michael Kern – May 28, 2024, 2:30 PM CDT Companies are expected to spend a record-high level of investment on oil and gas extraction...Continue Reading
Georgia’s EU Aspirations Jeopardized by Controversial New Law | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – May 28, 2024, 2:00 PM CDT EU foreign ministers will...Continue Reading
India’s Largest Refinery Inks Russian Oil Deal | OilPrice.com Josh Owens Josh Owens is the Content Director at Oilprice.com. An International Relations and Politics graduate from the University of Edinburgh, Josh specialized in Middle East and… More Info Related News By Josh Owens – May 28, 2024, 1:30 PM CDT India’s private refiner Reliance Industries...Continue Reading
