Ceraweek

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.

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.

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.

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.

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.

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.

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

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.

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.