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U.S., European Oil Majors Could Create Supply Crisis With Renewables Push – Russia’s Rosneft

October 8, 2020

U.S., European Oil Majors Could Create Supply Crisis With Renewables Push – Russia’s Rosneft Rosneft is looking to double down on hydrocarbons and extract up to 5 billion tons of light-quality oil in the Arctic.Alexander Rumin / TASS U.S. and European oil majors’ commitment to moving away from fossil fuels toward renewable energy threatens oil […]

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Leaked Document Reveals Exxon’s Plan To Increase Emissions As Energy Space Prepares For Decarbonization

October 5, 2020

Leaked Document Reveals Exxon’s Plan To Increase Emissions As Energy Space Prepares For Decarbonization   As oil majors prioritize their own decarbonization goals, an internal document viewed by Bloomberg reveals Exxon Mobil Corp. is planning to increase annual carbon-dioxide emissions output by as much as a small country like Greece. Exxon is one of the biggest corporate emitters of greenhouse gasses […]

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Shale Is In A Deep State Of Flux

April 4, 2019

Shale Is In A Deep State Of Flux Oil prices are rising to their highest level in months, with WTI having topped $60 per barrel, but the U.S. shale industry is still showing signs of strain. “This is a cycle in our industry where only the large well-capitalized companies can grow. Small companies without access […]

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Oil Megaprojects Won’t Stay On The Shelf For Long

November 3, 2015

Oil Megaprojects Won’t Stay On The Shelf For Long One casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves depleted and became increasingly hard to find, oil companies ventured into far-flung locales to find new sources of production. Extracting oil from these frontier areas required more advanced technology […]

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Oil Majors Sacrifice Production To Protect Dividends

September 26, 2015

Oil Majors Sacrifice Production To Protect Dividends The French oil company Total released a downward revision to its production forecast, lowering its target from 2.8 million barrels per day (mb/d) in 2017, to 2.6 mb/d, a sign that low oil prices continue to cut into long-term oil production for even the largest companies. Total’s CEO said part […]

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The “Peña Nieto Bottom”

September 4, 2015

The “Peña Nieto Bottom” When Enrique Peña Nieto’s government pushed a historic energy reform bill through the Mexican congress in 2013, it was hoped that it would serve not only to privatize but also modernize Mexico’s state-owned Pemex and allow it to compete with giants like Exxon. However, the one thing the government seemingly hadn’t […]

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Oil Majors’ Profits Take A Beating

February 3, 2015

Oil Majors’ Profits Take A Beating The first quarterly earnings reports since the collapse of oil prices are in and the numbers show a significant deterioration in profits for the oil majors. Royal Dutch Shell went first on January 29, revealing a big jump from the same quarter a year ago, but down from the third quarter […]

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