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Exxon Mobil Corp. said on Wednesday it signed with U.S. steel maker Nucor Corporation a carbon capture and sequestration (CCS) contract, its first from a hard to abate industry.
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Major stock markets in the Gulf rose in early trade on Thursday, as a potential pause in U.S. interest rate hikes and the debt ceiling bill passing a crucial vote renewed optimism.
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Trinidad and Tobago is requesting the U.S. government amend the terms of a license authorizing the joint development of a promising offshore gas field with Venezuela, the Caribbean nation's energy minister said on Thursday.
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Exxon Mobil Chief Executive Darren Woods said on Thursday that he aims to double the amount of oil produced from the company's U.S. shale holdings over a five-year period using new technologies.
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The days of carefree plastic use may soon be over. Even though the world is suffocating in polluting waste, sales of fresh polymers are projected to rise 40% to $529 billion by 2031. This may change if supporters of taxes and other restrictive measures prevail at ongoing talks for a global treaty to end plastic pollution by 2040. Drastic action would shrink a promising market for Big Oil and cut packaging firms’ margins.