Ceraweek

Freeport LNG CEO Questions Growing Reliance on Spot Cargoes After Volatile Winter

Freeport LNG CEO Questions Growing Reliance on Spot Cargoes After Volatile Winter

The cold snap earlier this winter in Asia and Europe that sent prices skyrocketing and buyers scrambling for liquefied natural gas (LNG) cargoes was an indication that the global market is becoming too reliant on spot deliveries, said Freeport LNG CEO Michael Smith.  “There’s been an overreliance on spot cargoes in our industry,” he said…

March 4, 2021

Virus Infiltrating Energy Industry Beyond Slumping Natural Gas, Oil Price Forecasts

The global natural gas and oil industry, already reeling from a lack of demand and low commodity prices, is now taking a hit on the conference schedule because of the spreading coronavirus, with IHS Markit announcing Sunday it is canceling CERAWeek, the premier energy conference that draws thousands to Houston every year.

March 2, 2020

Big Oil, Gas Already Enlisting in Rise of the Machines

Data, considered by many to be the world’s most valuable resource, is offering the oil and gas industry more precise information to create better wells and safer operations, an Amazon executive said earlier this month.

March 25, 2019

Global LNG Trading Gaining Another Platform for Physical Cargoes

Australia-based GLX, an online trading platform for liquefied natural gas (LNG), plans to work with the energy price-reporting arm of IHS Markit to start up an end-to-end trading solution to transact physical cargoes.

March 13, 2019

Chevron Eyes Controlling Permian Ops Remotely as Machine Learning Expands

Drilling some Permian Basin wells from the confines of air-conditioned control rooms in Houston nearly 500 miles away is becoming a reality for Chevron Corp. as it integrates cloud computing into its operations.

March 12, 2019

ConocoPhillips Taking Turtle-Over-Hare Approach in Lower 48

Slow and steady wins the race, an approach that ConocoPhillips is using to develop the Eagle Ford Shale and Permian Basin to ensure it can keep up with ever evolving technology, CEO Ryan Lance said Tuesday.

March 7, 2018

GOP-Backed Border Adjustment Tax Draws Fire From Energy Execs, Lawmakers

The Trump administration has signaled it is eyeing a border adjustment tax (BAT) to give U.S. exports more leverage over goods imported into the country, but an increasing number of key lawmakers and stakeholders — including No. 1 trading partner, Canada — are throwing cold water on the plan.

March 13, 2017

IHS CERAWeek: ExxonMobil CEO Says ‘Historic’ Energy Makeover Under Way

ExxonMobil Corp. CEO Rex Tillerson on Friday said North America is in the midst of an “historic energy transformation.” And “the world is watching.”

March 12, 2012

IHS CERAWeek: CEOs Urge Industry Image Makeover

Global energy CEOs, who joined their brethren at the 31st annual IHS CERAWeek 2012 in Houston last week, urged their colleagues to dust up their images and become more proactive in exceeding regulatory safety standards.

March 12, 2012

ConocoPhillips CEO Claims Shale Potential Ignored

Last Tuesday was slated to be all about oil at IHS Cambridge Energy Research Associates’ (CERA) CERAWeek 2010 in Houston. But ConocoPhillips CEO Jim Mulva, who keynoted the afternoon session, was all about natural gas.

March 15, 2010
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