People

Source: Chevron

A letter to President Biden from Chevron CEO Mike Wirth

Chevron


Dear Mr. President:

Thank you for your letter dated June 14, 2022. As industry leaders, academic experts and numerous policy makers have pointed out, there are no easy fixes nor any short-term answers to the global supply and demand …

Source: CNBC

U.S. energy secretary to meet with refining executives over soaring pump prices, sources say

CNBC


U.S. Energy Secretary Jennifer Granholm is expected to meet with refining executives on June 23 as tensions between the White House and the oil industry mount over soaring gasoline prices, sources familiar with the matter told Reuters.

The planned …

Source: API

Trade groups respond to President Biden’s letter to U.S. refiners

World Oil


Last night, American Petroleum Institute (API) President and CEO Mike Sommers and American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson sent a letter to President Biden responding to recent letters the Administration sent to major …

Source: Reuters

Biden and the oil industry are talking past each other

Yahoo Finance


Remember the outrage when a handful of U.S. oil refineries closed in 2020?

If you don’t, that’s because there wasn’t any outrage. Oil and gasoline prices were blissfully low and the COVID-19 pandemic dominated the news. Hardly …

Source: Reuters

Biden criticizes U.S. oil refiners as profits soar

World Oil


Source: Reuters

The U.S. may never build a new refinery, Chevron CEO says

World Oil


(Bloomberg) — There may never be a new refinery built in the US despite surging gasoline prices as policymakers move away from fossil fuels, according to Chevron Corp.

“We haven’t had a refinery built in the United States …

June 6, 2022 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, People
Source: World Oil

Oilfield employment continues to rise as overall U.S. labor market gains

World Oil


Employment in the U.S. oilfield services, and equipment sector rose by an estimated 4,774 jobs to 628,793 in May, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology …

Source: Reuters

Restricting U.S. fuel exports would be ‘unwise’, says Chevron CEO

Reuters


HOUSTON – Chevron Corp Chief Executive Michael Wirth said on Wednesday he expected oil and motor fuel prices to stay high but cautioned against limiting fuel exports to guarantee U.S. supplies.

The CEO of the second-largest U.S. oil producer …

Source: NSAI

Netherland, Sewell & Associates, Inc. announces executive management changes

Oil and Gas 360


DALLAS, TEXAS, USA, May 25, 2022 /EINPresswire.com/ — Netherland, Sewell & Associates, Inc. (NSAI), a leading oil and gas consulting firm, has announced the promotion of Richard B. Talley, Jr. to Chief Executive Officer …

Source: CNBC

Big Oil braces for shareholder revolt over climate plans in proxy voting season

CNBC


LONDON — Some of the world’s largest corporate emitters face the prospect of a shareholder rebellion this month, with climate-related votes poised to spike throughout the proxy season.

Oil and gas majors on both sides of the Atlantic are

Source: World Oil

OTC 2022: Reaching net zero will require more investment in oil, gas and renewables

World Oil


The pandemic had a unique impact on the energy industry and will pave the path of the energy transition on its way to net zero emissions, Society of Petroleum Engineers President Kamel Ben-Naceur said during a keynote presentation …

Source: Reuters

North American oil companies scramble to find workers despite boom

Reuters


When Jeremy Davis was laid off from his oilfield job in Texas in 2020, he did not want to leave the industry after 17 years in oil and gas.

But his next jobs brought one mishap after another. He …

Source: Reuters

Chevron, union negotiators to meet over California oil refinery strike

Nasdaq


HOUSTON, April 8 – Negotiators from Chevron Corp CVX.N and the United Steelworkers union (USW) are scheduled to meet on Monday to discuss a possible end to a strike at the company’s oil refinery in Richmond, California, spokespeople for …

April 8, 2022 - 3:15 pm Closing Bell Story‎, Crude Oil News, Energy News, People
Source: libertyfrac.com

Perspective: Inconvenient truths about energy

The Gazette


By Chris Wright

The energy transition is not happening. Or not nearly at the pace that everyone believes or wishes. At current rates the “transition” is set to finish in the mid-2600s. The U.N. Rio Convention and subsequent …

Source: CNBC

Oil producers in a ‘dire situation’ and unable to ramp up output, says Oxy CEO

CNBC


As oil prices surge to the highest levels since 2008, Occidental Petroleum CEO Vicki Hollub said U.S. producers cannot increase output right away.

“We’re in a really dire situation,” she said Tuesday at CERAWeek by S&P Global. “We’ve never …

March 8, 2022 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, People
Source: World Oil

Biden says U.S. will ban Russian oil, fuels to pressure Putin on war

World Oil


(Bloomberg) — President Joe Biden said the U.S. will ban imports of Russian fossil fuels including oil, a major escalation of Western efforts to hobble Russia’s economy that will further strain global crude markets.

“We’re banning all imports …

Source: Reuters

Biden, EU pledge cooperation on energy security amid Russia threat

Nasdaq


WASHINGTON, Jan 28 – U.S. President Joe Biden and his European Union counterpart Ursula von der Leyen on Friday pledged to cooperate on guaranteeing Europe’s energy security as well as Ukraine’s amid the standoff triggered by Russia amassing troops …

Source: CNBC

Oil prices are at a 7-year high, but Exxon CEO Darren Woods is confident they will trend lower.

CNBC


Oil prices rose to a seven-year high Tuesday amid ongoing supply concerns and escalating tensions in the Middle East, but Exxon Mobil CEO Darren Woods is confident they will trend lower.

 

In the immediate future, however, the oil

Source: Reuters

BlackRock’s Fink defends as ‘not woke’ push for values as well as profits

Reuters


BOSTON/LONDON -Larry Fink, chief executive of the world’s biggest asset manager BlackRock Inc, has defended its focus on the interests of society as well as on profits in the face of criticism from many sides.

Asset managers increasingly analyse …

January 18, 2022 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance, People
Source: Reuters

Continental names former Chesapeake boss Lawler as operating chief

Reuters


Continental Resources Inc on Tuesday named Doug Lawler, the former top boss of Chesapeake Energy Corp, as its chief operating officer and executive vice president from next month.

 

Lawler was Chesapeake’s CEO for eight years before he was …

Source: Bloomberg

Colombia’s presidential favorite seeks global coalition to end fossil fuels

World Oil


(Bloomberg) –Colombia’s presidential front-runner Gustavo Petro is calling on ideological allies across Latin America and the world to join him in forming a new bloc to lead the economy away from fossil fuels.

Oil and coal currently account …

Source: Reuters

Cruz’s Nord Stream 2 sanctions bill fails in U.S. Senate

Reuters


The Senate on Thursday failed to pass a bill sanctioning the Nord Stream 2 pipeline, after the Biden administration aggressively lobbied Democrats to defeat Sen. Ted Cruz’s effort to target the Putin-backed project.

 

Why it matters: The 55-44 …

Source: World Oil

Oilfield employment climbed in December despite cooling U.S. job market

World Oil


HOUSTON – Employment in the U.S. oilfield services and equipment sector rose by an estimated 7,450 jobs in December, despite the slow hiring in overall U.S. jobs, according to preliminary data from the Bureau of Labor Statistics (BLS) …

Source: Reuters

OPEC to meet on Monday to discuss new top official – sources

Reuters


LONDON  – OPEC ministers are due to hold a meeting on Monday to discuss the appointment of a new secretary general, two OPEC sources said, with Kuwait’s candidate for the job holding widespread support from the group.

Haitham al-Ghais,

January 3, 2022 - 1:30 pm Closing Bell Story‎, Energy News, OPEC, People
Source: Reuters

U.S. oil production set to increase further in 2022, energy expert Dan Yergin says

CNBC


U.S. oil production is back and set to increase in 2022 after more than a year of OPEC and its allies “running the show,” according to Daniel Yergin, vice chairman of IHS Markit.

Output could rise by as much …

Continental Resources chairman snaps up $16 mln in company stock

Continental Resources chairman snaps up $16 mln in company stock

Reuters


Harold Hamm, founder and chairman of shale oil producer Continental Resources, this month bought more than $16 million in company share, his second purchase in less than two months, according to regulatory filings.

Hamm has purchased some $21.25 million …

December 22, 2021 - 10:10 am Closing Bell Story‎, Crude Oil News, Energy News, People
Source: Forbes

Hamm says privately held drillers have more freedom to ramp up oil output

World Oil


HOUSTON (Bloomberg) –Harold Hamm, who took Continental Resources Inc. public 14 years ago, says right now his closely held competitors can do what he simply can’t: increase oil production to meet rising demand.

 

 

The Oklahoma billionaire …

Source: World Oil

Harold Hamm pledges $50 million to found energy research institute

World Oil


HOUSTON (Bloomberg) –Billionaire oil wildcatter Harold Hamm is donating $50 million for a new research center at Oklahoma State University focused on “securing America’s energy future,” a move that comes as the industry debates how to transition to …

December 16, 2021 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, People
EQT says concern over LNG misguided, notes a ramped U.S. LNG program represents the biggest green initiative on the planet

EQT says concern over LNG misguided, notes a ramped U.S. LNG program represents the biggest green initiative on the planet

Oil and Gas 360


In Response to Letter from Sen. Warren, Top U.S. Producer Outlines Emissions Reduction Potential of an Accelerated Replacement of Foreign Coal Usage with Natural Gas for Baseload Power

PITTSBURGHDec. 7, 2021 /PRNewswire/ — EQT …

Source: Reuters

OPEC sec gen says energy transition can not exclude fossil fuels

Nasdaq


HOUSTON, Dec 8 – The COP 26 climate change conference largely excluded the oil and gas industry, OPEC Secretary General Mohammad Barkindo told a gathering of oil officials on Wednesday, arguing producers need to be included in planning for …