Chevron is targeting 10% growth this year, more than twice the pace of publicly traded independent oil companies, setting it on course to pump 1 MMbpd from the region in 2025. Exxon sees production growth of nearly 7%, but is expected to double its overall output once it completes the $60 billion of Pioneer Natural Resources Co. by mid-year.
The Texas Railroad Commission the states regulatory body for its entire oil and gas industry has asked the Texas attorney general to sue the Biden Administration over its law designed to lower emissions within the oil and gas industry.
Robert Rapier has a long history of making and rating energy market predictions at the beginning and end of each year, and this year he’s made five new predictions
Production across the U.S. was curtailed by about 10 MMbbl this week, according to market participants who asked not to be named because the information is private.
Mexico Pacific has signed a third long-term Sales and Purchase Agreement (“SPA”) with ExxonMobil LNG Asia Pacific (“EMLAP”) for an additional 1.2 MMtpa of liquefied natural gas (“LNG”) from Train 3 of Mexico Pacific’s Saguaro Energia project located on the west coast of Mexico.