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S&P Global Platts India CEO Series is a compilation of exclusive interviews with the leaders of top oil and gas companies in India. Get insights on how they are planning their growth roadmap at a time when energy transition is changing the industry s landscape, how companies are finding their way through the COVID-19 pandemic, as well as solutions needed to meet the country s insatiable appetite for energy.
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India s ambitions to make its energy basket cleaner has provided ExxonMobil an opportunity to pursue a series of initiatives from innovating to accelerate India s gas access to eying a role in unlocking the country s hydrocarbon potential, Bill Davis, CEO and lead country manager for ExxonMobil South Asia told S&P Global Platts.
Alex Mills: Carbon capture technology could play key role in meeting climate goals
Alex Mills
As President Biden tries to move his massive energy/environment agenda forward, he must come up with programs appealing to Democrats and Republicans, which may prove to be difficult.
However, the oil and gas industry has been trying to develop and refine a technology – called carbon capture and storage (CCS) – for years, and it could play a key role in reducing carbon emissions.
There are about 20 CCS projects in operation in the U.S., according to Wood Mackenzie, an energy consulting firm. “Their economics have often proved difficult to sustain,” a recent report stated.
Carbon capture technology could play key role in meeting climate goals
Alex Mills
As President Biden tries to move his massive energy/environment agenda forward, he must come up with programs appealing to Democrats and Republicans, which may prove to be difficult.
However, the oil and gas industry has been trying to develop and refine a technology – called carbon capture and storage (CCS) – for years, and it could play a key role in reducing carbon emissions.
There are about 20 CCS projects in operation in the U.S., according to Wood Mackenzie, an energy consulting firm. “Their economics have often proved difficult to sustain,” a recent report stated.
Exxon Mobil reduces debt as it swings back to profit in Q1 2021 03 May 2021 (Last Updated May 3rd, 2021 15:41)
Exxon Mobil has returned to profit in the first quarter of 2021, reporting $2.73bn in the first quarter of 2021 compared to a loss of $610bn a year ago.
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ExxonMobil has reduced its debt as it swings back to profit in Q1 2021. Credit: Frauke Feind from Pixabay.
Exxon Mobil has returned to profit in the first quarter of 2021 with earnings of $2.73bn compared to a loss of $610bn a year ago.
This broke a loss streak, which has been continuing for the past four quarters. In the previous quarter, the oil and gas firm registered a $20.1bn loss.