Saudi Arabia led fellow members of the OPEC+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs.
Egypt indicated it’s ready to rejoin the club of major exporters of liquefied natural gas, making its biggest offer to supply the market in at least five years.
On the third day (Wednesday, March 13) of CERAWeek by IHS Markit, the industry’s business leaders outlined global economic trends, shifting geopolitics, emerging government policies and advances in technologies.
Exxon Mobil plans to reduce the cost of pumping oil in the Permian to about $15/bbl, a level only seen in the giant oil fields of the Middle East.
Perry, in an appearance at the biggest North American energy conference on Wednesday, said he’s interested in “getting together and having a conversation” with U.S. Representative Alexandria Ocasio-Cortez about the low-carbon blueprint intended to free the country from fossil-fuel dependence in a decade.
Kuwaiti energy officials are hoping that the recent wholesale shake-up of senior management will herald a calmer future
Venezuela’s opposition leader is rolling out the welcome mat to foreign investors who want a piece of the world’s largest oil reserves.
During Day 2 of CERAWeek 2019, the leadership dialogue continued with Chevron Chairman of the Board and CEO Mike Wirth, who spoke to the crowd about Chevron’s goals in the Permian basin and Gulf of Mexico.
Aker Solutions has been awarded a master contract to support the delivery of a subsea compression system for the Chevron Australia-operated Jansz-Io field, offshore Australia.
CERAWeek by IHS Markit kicked-off in downtown Houston, on Monday, March 11. The week-long event focuses on providing meaningful dialogue, aimed at solving the various challenges facing the energy industry―from geopolitics and trade to costs, price volatility, environmental policy, disruptive technologies, inter-fuel competition, and the battle to attract younger workers before they commit to other industries.
Conrad Petroleum Limited (Conrad or the Company), the operator of Duyung PSC, announced that its development plan for the Mako gas field (the POD), originally submitted in August 2018 and re-submitted under the gross split regime in January 2019, has been approved by Indonesia’s Ministry of Energy and Mineral Resources (MEMR).
The head of LNG Canada said he does “not see a single scenario” that would stop the nation’s largest infrastructure project from getting built, dispelling concerns that the $30 billion gas export facility is at risk of mounting opposition from pipeline foes.
Alaska Gasline Development Corp (AGDC) said it signed an agreement with BP PLC and Exxon Mobil Corp to help advance the state-owned company's proposed $43.4 billion Alaska liquefied natural gas (LNG) project.
Poland's dominant gas company PGNiG has stepped up the pace of its spot purchase of liquefied natural gas (LNG) as it works to diversify its gas imports, a senior company official said.
BP Marine has announced that it will begin to retail low sulfur fuel that meets new MARPOL regulations limiting the sulfur content of marine fuels.
Mark Mobius has "governance" concerns over investing in shares or bonds that could be issued by Saudi Aramco in the future because of Riyadh's control over the oil giant, the emerging markets investor said.