As Western Oil Giants Cut Production, State-Owned Companies Step Up

In the Middle East, Africa and Latin America, government-owned energy companies are increasing oil and natural gas production as U.S. and European companies pare supply because of climate concerns.

#africa, #alternative-and-renewable-energy, #argentina, #biden-joseph-r-jr, #corporations, #energy-and-power, #global-warming, #greenhouse-gas-emissions, #latin-america, #middle-east, #nasser-amin-h, #natural-gas, #oil-petroleum-and-gasoline, #organization-of-the-petroleum-exporting-countries, #politics-and-government, #prices-fares-fees-and-rates, #production, #putin-vladimir-v, #russia, #saudi-arabia, #saudi-aramco, #shale, #united-states, #united-states-international-relations, #united-states-politics-and-government

Colonial Pipeline Hack Shows Risk to US Energy Independence

The country relies less on foreign oil than it used to, but pipelines and grids are increasingly vulnerable to cyberattacks and extreme weather.

#colonial-pipeline-co, #cyberattacks-and-hackers, #darkside-hacking-group, #energy-and-power, #global-warming, #international-trade-and-world-market, #natural-gas, #oil-petroleum-and-gasoline, #pipelines, #shale, #solar-energy, #united-states, #wind-power

U.S. Energy Independence Threatened by Hackers and Climate Change

The country relies less on foreign oil than it used to, but pipelines and grids are increasingly vulnerable to cyberattacks and extreme weather.

#colonial-pipeline-co, #cyberattacks-and-hackers, #darkside-hacking-group, #energy-and-power, #global-warming, #international-trade-and-world-market, #natural-gas, #oil-petroleum-and-gasoline, #pipelines, #shale, #solar-energy, #united-states, #wind-power

As Oil Prices Rise, Executives Aim to Keep Them High

An industry known for boom-bust cycles is resisting the temptation to pump more oil — for now.

#american-rescue-plan-2021, #biden-joseph-r-jr, #chevron-corporation, #conocophillips, #coronavirus-2019-ncov, #drilling-and-boring, #international-relations, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #organization-of-the-petroleum-exporting-countries, #persian-gulf, #pioneer-natural-resources-company, #prices-fares-fees-and-rates, #production, #russia, #saudi-arabia, #shale, #stocks-and-bonds, #texas, #united-states-economy, #wirth-michael-k

‘Is Exxon a Survivor?’ The Oil Giant Is at a Crossroads.

Exxon Mobil is struggling to find its footing as demand for oil and gas falls and world leaders and businesses pledge to fight climate change.

#alternative-and-renewable-energy, #carbon-dioxide, #coronavirus-2019-ncov, #dow-jones-stock-average, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #hydrocarbons, #natural-gas, #oil-petroleum-and-gasoline, #raymond-lee-r-1938, #shale, #solar-energy, #stocks-and-bonds, #texas, #tillerson-rex-w, #united-states, #wind-power, #woods-darren-w-1965

Oil Industry Expresses Concern, Not Alarm, About Biden Comments

After the candidate called for a “transition” away from oil and gas, executives said the country would need fossil fuels for decades to come.

#alternative-and-renewable-energy, #biden-joseph-r-jr, #carbon-capture-and-sequestration, #coal, #debates-political, #energy-and-power, #global-warming, #greenhouse-gas-emissions, #labor-and-jobs, #natural-gas, #oil-petroleum-and-gasoline, #pennsylvania, #presidential-election-of-2020, #shale, #texas, #united-states

Oil Industry Turns to Mergers and Acquisitions to Survive

With the price of a barrel stuck around $40 and no recovery in sight, companies are combining to cut costs and ride out the pandemic.

#chevron-corporation, #concho-resources-inc, #conocophillips, #coronavirus-2019-ncov, #devon-energy-corporation, #layoffs-and-job-reductions, #mergers-acquisitions-and-divestitures, #natural-gas, #noble-energy-inc, #oil-petroleum-and-gasoline, #permian-basin-north-america, #prices-fares-fees-and-rates, #shale, #stocks-and-bonds, #texas, #wpx-energy-inc

Chevron Deal for Oil and Gas Fields May Set Off New Wave of Mergers

With a $5 billion play for Noble Energy, the oil giant is set to acquire properties around the world for a relative bargain. Other companies might make similar moves.

#chevron-corporation, #company-reports, #coronavirus-2019-ncov, #mergers-acquisitions-and-divestitures, #natural-gas, #noble-energy-inc, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #shale, #stocks-and-bonds, #wirth-michael-k

Legal and Environmental Setbacks Stymie Pipelines Nationwide

Defeats at three projects reflect increasingly sophisticated legal challenges, shifting economics and growing demands by states to fight climate change.

#american-petroleum-institute, #appalachian-region, #center-for-biological-diversity, #earthjustice, #energy-and-power, #energy-transfer-partners-lp, #environment, #global-warming, #greenhouse-gas-emissions, #infrastructure-public-works, #keystone-pipeline-system, #natural-gas, #pipelines, #regulation-and-deregulation-of-industry, #shale, #supreme-court-us, #texas

Chesapeake Energy, a Shale Pioneer, Files for Bankruptcy Protection

The company helped turn the United States into a gas exporter but became known for an illegal scheme to suppress the price of oil and gas leases.

#bankruptcies, #chesapeake-energy-corporation, #coronavirus-2019-ncov, #mcclendon-aubrey-k, #natural-gas, #oil-petroleum-and-gasoline, #shale

Shares of Chesapeake Energy, a Shale Pioneer, Tumble in Volatile Trading

The company, which has said it could file for bankruptcy protection, helped turn the U.S. into a gas exporter but became known for an illegal scheme to suppress the price of oil and gas leases.

#bankruptcies, #chesapeake-energy-corporation, #company-reports, #credit-and-debt, #lawler-robert-d, #mcclendon-aubrey-k, #natural-gas, #oil-petroleum-and-gasoline, #oklahoma-city-okla, #shale

Coronavirus May Kill Our Fracking Fever Dream

America’s energy independence was an illusion created by cheap debt. All that’s left to tally is the damage.

#coronavirus-2019-ncov, #credit-and-debt, #hydraulic-fracturing, #oil-petroleum-and-gasoline, #shale, #united-states