Exxon Mobil Corp., which operates one of the world’s biggest oil-refining networks, is trying to be more responsive to changing consumer demands as the energy transition gathers pace. The changes it’s considering include potentially replacing some gasoline production with chemicals. The oil giant has long pursued a strategy of upgrading refineries to expand production and …

Exxon Weighs Chemicals Output Boost as EVs Threaten Gasoline Use Read More »

Shale billionaire Harold Hamm, who has backed several Republican presidential candidates for election in 2024, called for the end of back-and-forth US energy policy that raises costs from one administration to the next. The GOP donor and founder of Continental Resources Inc. gave his remarks to a small crowd of oil industry executives and political …

Shale Tycoon Hamm Wants End of ‘Roller Coaster’ U.S. Energy Plans Read More »

Kent has had a fantastic first half of 2023, bringing over $900 million in new contracts to the business. Kent provides engineering and project management solutions to various clients across key global energy markets covering oil and gas, carbon capture, utilisation and storage (CCUS), decarbonisation, offshore wind and hydrogen (H2) technologies. Chief Business Development Officer …

KENT REPORTS OVER $900 MILLION IN NEW CONTRACTS IN H1 2023 Read More »

HOUSTON, Sept 22 (Reuters) – The large crude distillation unit (CDU) was shut on Friday at TotalEnergies’  238,000 barrel-per-day (bpd) Port Arthur, Texas, refinery following an interruption of feed, said people familiar with plant operations. In addition to the 150,000-bpd ACU-1 CDU, the 60,000-bpd vacuum distillation unit-2 (VDU-2) was also taken out of production because …

TotalEnergies Port Arthur, Texas, large CDU shut, sources say Read More »

Summary Benchmarks close down for first time in four weeks US Fed officials flag further hikes US oil rig count falls to lowest since February 2022 Transneft suspends diesel deliveries to key terminals HOUSTON, Sept 22 (Reuters) – Oil prices held steady on Friday but closed the week lower on profit-taking and as markets weighed …

Oil Ends Week Lower as Demand Concerns Face Russia Supply Ban Read More »

By Pallavi Rao Article/Editing: Niccolo Conte Graphics/Design: Christina Kostandi Courtesy of Visual Capitalist – See More From Visual Capitalist HERE Charted: The World’s Biggest Oil Producers in 2022 In 2022 oil prices peaked at more than $100 per barrel, hitting an eight-year high, after a full year of turmoil in the energy markets in the wake of …

Charted: The World’s Biggest Oil Producers – Visual Capitalist Read More »

NEW ORLEANS (AP) — A federal judge has ordered the Interior Department to expand next week’s scheduled sale of of Gulf of Mexico oil and gas leases by millions of acres, rejecting a scaled-back plan announced last month by the Biden administration as part of an effort to protect an endangered whale species. As originally …

Judge blocks government plan to scale back Gulf oil lease sale to protect whale species Read More »

U.S. natural gas futures climbed about 2% on Friday on forecasts for warmer-than-normal weather in early October that will likely force power generators to burn more gas to keep air conditioners humming. Prices were also up with exports to Mexico on track to hit a record high in September and as the amount of gas …

U.S. natgas prices up 2% as warmer forecasts boost power demand Read More »

ABOUT PBIOS There is no oil and natural gas producing region in the world more dynamic than the Permian Basin. The area has been a mainstay of U.S. production since the 1920s. Every time industry experts begin to think the region has finally played out, new technology comes along, and the basin comes roaring back, …

PBIOS – Where Innovation and Technology Meet Permian Grit – October 17-19, 2023 Odessa Texas Read More »

(Reuters) – U.S. President Joe Biden’s plan to deploy 30,000 megawatts (MW) of offshore wind by 2030 is still possible, although not easy, the CEO of Orsted , the world’s largest offshore wind developer, said on Monday at the Climate Week NYC event in New York. The remarks by Orsted CEO Mads Nipper come as …

Orsted CEO Says U.S. Offshore Wind Targets Still Possible But Not Easy Read More »