Chief Executive Officer Darren Woods vowed to “safeguard” annual meetings from activists that launch “serial attacks” on Exxon and the oil industry. Exxon is pursuing legal action against Arjuna Capital even though the investor dropped a proposal that would have urged the driller to curb greenhouse gas emissions. SourceContinue Reading

China’s Oil Demand to Peak Before 2027, Says Sinopec | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – May 29, 2024, 3:00 PM CDT China’s oil demand is expected to peak before 2027, earlier than previously forecast. China’s coal consumption will...Continue Reading

Double Eagle Poised for Massive Permian Asset Sale | 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 29, 2024, 1:30 PM CDT Privately-held Permian basin producer Double Eagle is reportedly considering the sale of assets potentially worth more than $6.5...Continue Reading

Europe’s Steel Industry Set for Major Shakeup | OilPrice.com Metal Miner MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,… More Info Premium Content By Metal Miner – May 29, 2024, 2:00 PM CDT GFG Alliance is exploring strategic...Continue Reading

Wall Street Sees Ethereum Hitting $14,000 in 2025 | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – May 29, 2024, 1:00 PM CDT Blackrock’s IBIT has surpassed Grayscale’s GBTC as the world’s largest Bitcoin ETF. Grayscale has lost more than half of its...Continue Reading

Tellurian Inc. and Aethon Energy Management LLC announced an agreement for Aethon to acquire Tellurian’s integrated upstream assets for $260 million, alongside a Heads of Agreement for Aethon to purchase 2 MMtpa of liquified natural gas from Tellurian’s Driftwood LNG plant. SourceContinue Reading

MODEC, Inc. plans to open a new office in Kuala Lumpur, Malaysia, with more than 200 new positions in engineering and other corporate support functions to fill by early 2025. SourceContinue Reading

Weatherford will offer its Accuview downhole monitoring solutions with the AlphaVTM next-generation whipstock system. Notably, in 2023, Weatherford successfully introduced AlphaVTM, enabled by the Accuview platform in the North Sea for Equinor. SourceContinue Reading

Libyan Oil Minister Cleared of Smuggling, Mismanagement Allegations | 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 29, 2024, 12:30 PM CDT Libyan Oil and Gas...Continue Reading

The Islamabad-based company is targeting oil production of about 50,000 bpd in the next four or five years, from 33,000 bpd currently, Chief Executive Officer Ahmed Hayat Lak said in an interview. The goal is for natural gas production to climb above 900 MMcfd from 720 MMcfd. SourceContinue Reading