Carolyn Davis joined the editorial staff of Intelligence Press Inc. in Houston in May, 2000. Prior to that, she covered regulatory issues for environmental and occupational safety and health publications. She also has worked as a reporter for several daily newspapers in Texas, including the Waco Tribune-Herald, the Temple Daily Telegram and the Killeen Daily Herald. She attended Texas A&M University and received a Bachelor of Arts degree in journalism from the University of Houston.
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Articles from Carolyn Davis
U.S. E&Ps Treading Cautiously, but Natural Gas Drilling May Rise Later in Year, Says NOV CEO
North American exploration customers have pulled back on activity, but that may change later this year as line-of-sight focuses on ramping up more U.S. LNG capacity in 2025, according to Houston-based NOV Inc. The oilfield services giant, which provides equipment and services for exploration and production (E&P) companies worldwide, secured higher-than-expected sales in the final…
ExxonMobil’s Global Trading Arm Finding Opportunities in Volatile Natural Gas, Oil Prices
ExxonMobil’s goal to advance its natural gas and oil trading arm is gaining momentum, as the company eyes more opportunities in the global market, CEO Darren Woods said Friday. Woods discussed the supermajor’s fourth quarter and full year results during a wide-ranging conference call. “We saw energy prices and refining margins start to normalize in…
Shell CEO Says Global LNG Demand Underpinned by Energy Security, Thirsty Asian Markets
An “exceptional” performance for Shell plc’s Integrated Gas trading unit, in parallel with higher LNG volumes, once again propelled profits in the final three months of 2023, with volumes set to climb higher as an Australian export project restarts, CEO Wael Sawan said. The London-based major reported sharply lower fourth quarter profits year/year, notably lacking…
ExxonMobil Says Activist Shareholders’ ‘Extreme Agenda’ Designed to Diminish Existing Operations
ExxonMobil is seeking to prevent some investors from using what it called a “Goldilocks Trojan Horse” strategy to diminish existing business operations. In a lawsuit filed earlier in January, the integrated major requested judicial relief to exclude a shareholder proposal by Arjuna Capital and Follow This. The lawsuit was filed in the U.S. District Court…
U.S. E&Ps Setting Cautious Course on Uncertain Natural Gas, Oil Prices
Natural gas and oil executives are likely to “prudently navigate” through turbulent commodity prices this year before sailing into smoother seas heading into 2025, according to industry analysts. Exploration and production (E&P) companies in their quarterly conference calls, which are already underway, should be “guiding conservatively” in 2024, “particularly on the natural gas side,” Tudor,…
Halliburton, Liberty See U.S. E&Ps Jumping on E-Fleet Avenue as Natural Gas Use Rises
U.S. exploration companies have expressed uncertainty about the direction of the energy markets this year, but one thing they are sure about is natural gas-powered pressure pumping fleets, which should support “durable, multi-year” opportunities, top oilfield executives said. Halliburton Co., one of the world’s largest oilfield services (OFS) companies, and Liberty Energy Inc., the No.…
Baker Hughes Forecasting LNG FIDs Slowing, but Overall Massive Pipeline to 2030
The world is on track to achieve 800 million metric tons/year (mmty) of LNG capacity by 2030, with Baker Hughes Co. expecting to grab a major slice of the market, executives said Wednesday. CEO Lorenzo Simonelli, joined by CFO Nancy Buese, discussed the Houston-based oilfield service giant’s latest quarterly results and the outlook during a…
New Energy Transition Mantra: Keep the Natural Gas, Cut the Emissions
Natural gas consumption is forecast to expand for years to come, but the energy industry is embracing ways to reduce the methane and carbon dioxide (CO2) emissions from their production. In the United States, publicly held exploration and production (E&P) companies have taken up the mantle, spurred on by shareholder pressures and government incentives. The…
SLB Forecasting ‘Durable’ Natural Gas, Oil Activity, with Growth Offshore, Overseas
Exploration and production companies are investing billions to expand their natural gas and oil development in the global offshore, including the U.S. Gulf of Mexico, as Lower 48 activity flattens, SLB Ltd. CEO Olivier Le Peuch said Friday. During the fourth quarter conference call with analysts, Le Peuch said, “the characteristics of breadth, resilience and…
Talos Expanding Deepwater GOM Holdings with $1.29B Takeover of QuarterNorth
Houston-based Talos Energy Inc. is snapping up QuarterNorth Energy Inc., a privately held U.S. deepwater explorer in the Gulf of Mexico (GOM), as it doubles down to expand its “operational breadth and production profile,” CEO Timothy Duncan said. The $1.29 billion cash-and-stock definitive agreement, announced on Monday, would increase Talos output for 2024 by about…