Post Tagged with: "oil industry"

OPEC: Oil industry needs $11 trillion in upstream investment by 2045

OPEC: Oil industry needs $11 trillion in upstream investment by 2045

Oil Price


The oil industry will need cumulative investments of $11.1 trillion in exploration and production by 2045 to keep pace with growing energy demand and ensure stable supply, OPEC Secretary General Haitham Al Ghais has told Emirati news agency …

Shale tycoon Harold Hamm wants to lure Gen Z to the oil industry

Shale tycoon Harold Hamm wants to lure Gen Z to the oil industry

Oil Price


Shale tycoon Harold Hamm and U.S. and European supermajors are looking to support university courses in petroleum engineering and related disciplines in a bid to attract young talent to the industry that’s not viewed favorably by Millennials and …

Source: Reuters

The oil industry and OPEC will attend COP28 climate summit

Oil Price


Representatives from the oil industry and from OPEC will attend the COP28 climate summit in Dubai next month, OPEC Secretary General Haitham Al Ghais said on Tuesday. “The oil industry will be at COP and we will be …

Source: Reuters

Oil industry leaders remain confident about long-term demand

Oil Price


Oil and gas industry leaders are confident in the long-term resilience of oil demand despite challenges from the energy transition. This is the message coming out of the inaugural edition of the Energy Asia conference that took place …

Source: Oil Price

Why 2023 will be another strong year for the oil industry

Oil Price


Last year was a good year for the oil industry. Despite predictions of its looming demise as renewable energy leads to electrification that in turn leads to the death of oil, fossil fuels were the stars of the
Source; Oil Price

UAE believes the oil industry is in “Decline Mode”

Oil Price


Crude oil is in “decline mode” in the long term, OPEC heavyweight the United Arab Emirates (UAE) says.

 

“To assume oil is going to be there forever is wishful thinking,” the UAE’s Energy Minister Suhail Al-Mazrouei said …

Source: Oil Price

Oil industry execs lash out at botched energy transition

Oil Price


Until recently, the idea of a Fortune 500 company boss criticizing the energy transition would have been considered eccentric, to put it mildly. Now, two Fortune 500 bosses have slammed the transition inside a single week. JP Morgan’s …

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: Fox Business

FBN Prime: ‘How America Works narrated by Mike Rowe’ to break down oil industry

Fox Business


“How America Works narrated by Mike Rowe,” an hour-long “FBN Prime” series that showcases Americans who work nonstop to keep U.S. infrastructure in working order, returns on Monday with an all-new episode focusing on the oil industry.

Cameron

September 27, 2021 - 1:00 pm Closing Bell Story‎, Crude Oil News, Energy News, People
Source: Reuters

U.S. oil industry group pledges to fight possible Biden fracking limits

Reuters


If U.S. President-elect Joe Biden tries to restrict development of oil and gas drilling on federal lands, the American Petroleum Institute (API) will use “every tool at its disposal” including legal action, chief executive Mike Sommers said in an …

November 25, 2020 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Fracing
Source: Reuters

U.S. renewable fuels legislation could garner bipartisan support under Biden

Reuters


NEW YORK – Renewable fuels are a niche market for now, but with Democratic President-Elect Joe Biden set to enter office with a divided Congress, legislation supporting demand for products like renewable diesel could garner bipartisan support.

Biden, elected …

This combination photo shows Swedish climate activist Greta Thunberg speaking at the COP25 summit in Madrid, Spain on Dec. 11, 2019, left, and President Donald Trump speaking at a campaign rally in Battle Creek, Mich. on Dec. 18, 2019. When climate activist Greta Thunberg, also 16, was named Time magazine's 2019 person of the year, President Donald Trump took to Twitter to call her choice “ridiculous." (AP Photo/Paul White, left, and Evan Vucci)

Oil industry in Davos: torn between Greta and Trump

Reuters


DAVOS, Switzerland – Oil majors are at the sharp end of the climate debate and face a bewildering balancing act to secure their futures.

It’s a Catch-22 situation: to meet ambitious emissions targets by investing in low-carbon technologies, they …