“Biden is not going to be able to ram through a costly, zero-carbon mandate through a Republican Senate. Obama couldn’t do it with control of both the House and the Senate,” said Dan Eberhart, a Republican donor and chief executive of drilling services company Canary Drilling Services LLC. SourceContinue Reading
Tourmaline Oil Corp. is buying two rivals in the Canadian oil and gas industry’s latest move to weather its worst downturn in a generation. SourceContinue Reading
While the outcome of the presidential race remains unclear, a Joe Biden victory would likely coincide with a Republican-controlled Senate that could hinder his efforts to address climate change, promote clean energy and roll back fossil-fuel subsidies. SourceContinue Reading
A move to alternative power sources is already underway, “but Biden’s policies are speeding up the transition process, while Trump is trying to slow it down,” said Carlyn Taylor, global co-leader of corporate finance and restructuring at FTI Consulting Inc. SourceContinue Reading
Philippine Energy Secretary Alfonso Cusi said PXP Energy Corp. can survey Reed Bank in the disputed sea even without partnering with China National Offshore Oil Corp. SourceContinue Reading
“Diamondback is not getting left behind if we don’t do anything today,” CEO Travis Stice said on the company’s third-quarter earnings call, adding that the company doesn’t need to boost scale to reduce its costs. “We prefer not to make rash decisions at the bottom of the cycle.” SourceContinue Reading
“Texas will determine its own energy future, and that is a future that includes an all of the above approach led by fossil fuels,” Wright said in a statement. “Together we will find new ways to improve our climate and environment.” SourceContinue Reading
Baker Hughes’ acquisition of Compact Carbon Capture underpins a strategic commitment to lead in the energy transition by providing decarbonization solutions for carbon-intensive industries, including oil and gas and broader industrial operations. SourceContinue Reading
Petrofac Limited announced that the Group has completed the sale of its remaining 51% interest in its upstream IES operations in Mexico, including Santuario, Magallanes and Arenque, to Perenco Energies International Limited. SourceContinue Reading
