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Has Big Oil Turned Its Back On Alaska?

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Has Big Oil Turned Its Back On Alaska?
By Haley Zaremba - Jan 16, 2021, 2:00 PM CST
“Is Exploring For Oil Still Profitable?” Oilprice asked back in August. As the novel coronavirus has swept the world, stalling whole industries, tanking oil demand and prices, leaving legions of people jobless, and upending the natural order of things, everyone who has anything to do with the energy sector has found themselves asking these kinds of existential, world-altering questions. Until 2020, claims of peak oil just on the horizon were easily dismissed as naive and alarmist. Now, peak oil is suddenly upon us, an unforeseen stall in the status quo has afforded the world an unmissable opportunity to reorient the global economy toward decarbonization with not a moment to spare, and global leaders and thinkers such as the World Economic Forum are calling for a “new energy order” and a “great reset.” ....

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SEC launches probe into Exxon on Permian Basin asset valuation: WSJ

The U.S Securities and Exchange Commission has launched an investigation of Exxon Mobil Corp , following a whistleblower complaint that the oil major over-valued a key asset in the top U.S. shale field, the Wall street Journal reported on Friday. ....

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Big Oil Watches In Fear As SEC Probes Exxon's Permian Valuation

Exxon stock dropped this morning, after the WSJ reported that the SEC has launched a probe of the energy giant after an employee "filed a whistleblower complaint alleging that the energy giant overvalued one of its most important oil and gas properties ....

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Permian natural gas flaring lowest in a decade as production plunges

Permian natural gas flaring lowest in a decade as production plunges during pandemic
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Flaring of natural gas in the Permian Basin of West Texas has fallen to the lowest level in nearly a decade after production plunged during the coronavirus pandemic.James Durbin / For the Chronicle / For the Chronicle
Flaring of natural gas in the Permian Basin of West Texas has fallen to the lowest level in nearly a decade after production plunged during the coronavirus pandemic.
An estimated 1.6 percent of the Permian’s natural gas production was flared in the fourth quarter of 2020, the lowest since 2012, according to a preliminary analysis by Rystad, a Norwegian energy research firm. ....

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SEC launches probe of Exxon on U.S. shale asset valuation: WSJ

The U.S Securities and Exchange Commission has launched an investigation of Exxon Mobil Corp following a whistleblower complaint that the oil major over-valued a key asset in the top U.S. shale field, the Wall street Journal reported on Friday. ....

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