Majors

Energy Sector Pulling Some GOP Donations, while API Chief Condemns ‘Devastating’ Capitol Breach

Energy Sector Pulling Some GOP Donations, while API Chief Condemns ‘Devastating’ Capitol Breach

The leader of the nation’s top oil and gas lobbying group didn’t mince words in condemning the actions of protesters who stormed the Capitol building on Jan. 6, and he made clear Wednesday that last week’s events would influence the industry’s decisions about political giving moving forward. Following the American Petroleum Institute (API) annual State…

January 14, 2021
Energy Majors, Utilities Back Biden’s Call to Enact Bipartisan Climate Legislation

Energy Majors, Utilities Back Biden’s Call to Enact Bipartisan Climate Legislation

A broad group of major corporations, including a slew of energy producers and utilities, is lining up with the incoming Biden administration to urge bipartisan action by Congress on “climate solutions.” In a letter to Congress and Joseph R. Biden Jr.’s transition team, more than 40 companies said they support the United States rejoining the…

December 4, 2020
Legal, Political Challenges on Horizon for Trump Methane Rollback

Legal, Political Challenges on Horizon for Trump Methane Rollback

Recently announced rollbacks of Obama-era methane controls for the oil and gas industry appear destined for a legal and political onslaught, particularly if Joseph R. Biden Jr. is elected president. In a two-part rulemaking, the Environmental Protection Agency (EPA) last week rescinded the regulations enacted under the 2016 Oil and Natural Gas New Source Performance…

August 18, 2020
ExxonMobil, Partners Discover Carbon Capture Technology for Industrial Sources

ExxonMobil, Partners Discover Carbon Capture Technology for Industrial Sources

A possible breakthrough in technology that could capture more than 90% of carbon dioxide (CO2) emitted from industrial sources has been announced from scientists at ExxonMobil, University of California, Berkeley and Lawrence Berkeley National Laboratory.  Laboratory tests on the patent-pending material, tetraamine-functionalized metal frameworks, could be used to capture CO2 emissions up to six times…

July 27, 2020
Coronavirus Philanthropy by Natural Gas, Oil Companies Ongoing Despite Moratoriums, Lockdown Orders Lifting

Coronavirus Philanthropy by Natural Gas, Oil Companies Ongoing Despite Moratoriums, Lockdown Orders Lifting

Though months have passed since the coronavirus pandemic first began to impact individuals and communities across the United States, many organizations have proven their determination by continuing to assist however they can. While many countries are emerging from lockdowns and showing signs of recovery, Royal Dutch Shell plc continues to assist in the global fight…

July 9, 2020
FPSO Awards Seen Rebounding Sharply in 2021 as Offshore Oil, Natural Gas Project Sanctioning Resumes

FPSO Awards Seen Rebounding Sharply in 2021 as Offshore Oil, Natural Gas Project Sanctioning Resumes

Oil and gas companies are expected to award seven floating production, storage and offloading (FPSO) vessels in 2021, versus a likely total of one this year, as offshore project sanctioning recovers from the current downturn, according to Rystad Energy. Tokyo-based Modec Inc. won the only FPSO contract awarded so far this year, to supply a…

July 9, 2020
Prominent Role for Natural Gas, Oil Exploration Even in Carbon-Constrained World, Says Wood Mackenzie

Prominent Role for Natural Gas, Oil Exploration Even in Carbon-Constrained World, Says Wood Mackenzie

Oil and natural gas exploration will play an essential role in meeting global energy demand through at least 2040, even if human-induced global warming is kept under 2 C, according to a recent analysis by Wood Mackenzie. “Only about half the supply needed to 2040 is guaranteed from fields already onstream,” said Wood Mackenzie’s Andrew…

July 2, 2020

Big Oil Exploration Evolving, No Longer ‘Elephant Hunting’

The oil and natural gas sector continues to grapple with the commodity price rout, but the industry, and in particular Big Oil, is headed into a recovery leaner, more efficient and profitable as conventional exploration is increasingly eschewed, according to Wood Mackenzie Ltd.

September 20, 2016
Big Oil in Need of Big Overhaul to Sustain Growth, Says Report

Big Oil in Need of Big Overhaul to Sustain Growth, Says Report

Big Oil has been a big bust for the past several years, and without a major overhaul, sustaining efforts in stagnant natural gas and oil environment are going to be a challenge, according to Morgan Stanley Research and the Boston Consulting Group (BCG).

July 1, 2015
Big Oil in Need of Big Overhaul to Sustain Growth, Says Report

Big Oil in Need of Big Overhaul to Sustain Growth, Says Report

Big Oil has been a big bust for the past several years, and without a major overhaul, sustaining efforts in stagnant natural gas and oil environment…

July 1, 2015
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