Occidental Petroleum and its affiliate 1PointFive remain gung-ho on DAC technology, but one Wall Street analyst from Wells Fargo isn’t drinking all the DAC Kool-Aid yet, for several reasons.
Cheniere Energy expects the initial LNG cargo from its CCL Stage 3 brownfield expansion project to set sail by year-end 2024, the company’s president and CEO Jack Fusco said during a webcast with analysts.
Tellurian Inc., which is still eyeing development of the Driftwood LNG export project in Louisiana, issued a frank warning to investors in its third quarter 2023 financial filing “about our ability to continue as a going concern.”
Amid an all-stock buying bonanza in recent weeks spurred on by Exxon Mobil and Chevron to snatch up shale and international assets, APA remains focused on creating value.
Mexico’s Pemex, still the world’s most indebted energy company, continues to boost production while making significant inroads to reduce flared volumes and greenhouse-gas emissions.
Venezuela’s Vice President Delcy Rodríguez accused Guyana’s president Mohamed Irfaan Ali of following mandates from Exxon Mobil Corp. and the U.S. Southern Command regarding the small English-speaking country’s claims to the disputed Essequibo territory located between the two South American countries.
BP remains focused on its transformation into an integrated energy company, interim CEO Murray Auchincloss said during a quarterly webcast, ruling out M&A for now despite reports the company was seeking joint venture partners.
Chevron’s recent $53 billion all-stock deal to acquire Hess Corp. will boost the company’s portfolio in Latin America, a former Chevron executive told Hart Energy.
Hess Corp.’s combined oil, gas and NGL production from onshore Bakken in this year’s third quarter is close to reaching its peak of 200,000 boe/d.
Chevron’s $53 billion all-stock deal for Hess Corp. will see the California oil giant team up with its Texas counterpart Exxon Mobil to create an American “dream team” in Guyana’s offshore Stabroek Block where production has been rising exponentially each year.
