Page 96 - எண்ணெய் மற்றும் வாயு பெட்ரோலியம் செய்தி நிகழ்வுகள் கதைகள் கட்டுரைகள் பகுப்பாய்வு வர்ணனை தலைப்புச் செய்திகள் ஸ்டாக்ஸ் நிதி பொருட்கள் வரைபடங்கள் படங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
by Bloomberg
|Monday, March 01, 2021
From trading houses in Geneva to Wall Street banks, much of the oil world agrees that global markets could use some more barrels. The big question is whether OPEC+ will provide enough of them.
(Bloomberg) From trading houses in Geneva to Wall Street banks, much of the oil world agrees that global markets could use some more barrels. The big question is whether OPEC+ will provide enough of them.
A crude glut that piled up during the pandemic is vanishing fast. Global inventories are plunging at the steepest rate in two decades, according to Morgan Stanley. Prices have rallied to pre-virus levels, while U.S. production has taken a hit from freezing storms. Talk swirls of market supercycles, and even the return of $100 oil.
ConocoPhillips (NYSE: COP) has announced the retirement of Matt Fox as the company s executive vice president and chief operating officer.
ConocoPhillips (NYSE: COP) has announced the retirement of Matt Fox as the company’s executive vice president and chief operating officer, effective May 1, 2021.
Fox, who has been with the company for 35 years, began his career with Conoco as a reservoir engineer. He held numerous positions of increasing responsibility until becoming a member of the executive leadership team at the time of ConocoPhillips’ spinoff of its downstream operations in 2012. Since then, Fox has led operations, exploration, technical functions, business development, and strategic activities across the company.
Texas is being forced to truck in gasoline from other states.
(Bloomberg) For the first time since Hurricane Harvey submerged much of the state’s energy complex underwater, Texas is being forced to truck in gasoline from other states.
The freeze strained the energy supply chain at nearly every point: upstream crude and natural gas production was paralyzed due to power outages and a lack of winterization, refineries had units trip offline, gasoline stations lost power, and the roads were too treacherous for tanker trucks to deliver fuel.
Hurricane Harvey in the summer 2017, which left much of Southeast Texas without power and flooded refineries, marked the last time Texas had to truck in gasoline, said Paul Hardin, president of the Texas Food & Fuel Association.
Exxon Mobil Corp. has appointed activist investor Jeff Ubben and former Comcast Corp. executive Michael Angelakis to its board.
(Bloomberg) Exxon Mobil Corp. appointed activist investor Jeff Ubben and former Comcast Corp. executive Michael Angelakis to its board following investor criticism of the oil giant for its environmental record and poor financial performance.
The additions bring the number of directors on the board to 13, Exxon said in a statement. Bloomberg News first reported Ubben was being considered for the role last month. Exxon’s shares rose as much as 4.8% in pre-market trading in New York on Monday.
The contributions of Ubben and Angelakis “will be valued as ExxonMobil advances plans to increase shareholder value by responsibly providing needed energy while playing a leadership role in the energy transition,” Exxon Chief Executive Officer Darren Woods said in the statement.
Chevron Technology Ventures, LLC has announced the launch of its $300 million Future Energy Fund II.
Chevron Technology Ventures, LLC (CTV) has announced the launch of its $300 million Future Energy Fund II, which it says is focused on technologies that have the potential to enable affordable, reliable, and ever cleaner energy for all.
Future Energy Fund II will focus on innovation in industrial decarbonization, emerging mobility, energy decentralization, and the growing circular carbon economy, according to CTV. The company’s first Future Energy Fund launched in 2018 and invested in more than ten companies with over 150 other investors to support innovations in carbon capture, emerging mobility, and energy storage, CTV highlighted.