Tag Archives: Hart Energy

Qatar Petroleum said on March 30 it would take full ownership of its Qatargas 1 LNG plant when its 25-year contract with international investors including Exxon Mobil Corp. and Total SE expires next year. The decision not to extend the contracts for the country’s first-ever LNG processing plan came as …

Schlumberger and Microsoft announced an expanded strategic partnership on March 29 to accelerate new technologies for the energy industry. The first offering, the Schlumberger Enterprise Data Management Solution for the OSDU Data Platform—a new industry standard for energy data—is available today. Energy companies will now benefit from an OSDU-compliant solution, …

With oil prices making steady gains earlier this year, OPEC and other producers had hoped to ease output cuts, but industry sources say a fresh wave of lockdowns around the world threatens to tear up those plans. The OPEC+ group of producers, which are holding back millions of barrels of …

Chevron Corp. launched a new $300 million fund on Feb. 25 aimed to address challenges facing the oil and gas industry in the so-called energy transition through investments in low-carbon technologies. The U.S. oil major hopes to build on the success of its previous fund, Future Energy Fund, which has …

Key questions for the OPEC+ meeting will be whether Saudi Arabia rolls back its voluntary cut of 1 million bbl/d and whether there is room for an additional increase in supply from the whole oil producer group. Saudi Arabia and Russia have differences over a potential deal among OPEC+ oil …

U.S. oil major Chevron Corp. on Jan. 29 swung to an $11 million fourth-quarter loss and missed Wall Street expectations as low margins on fuel, acquisition costs and foreign currency effects overwhelmed improved drilling results. Oil companies are expected to benefit from a bounce-back in oil and gas prices after …

China’s crude oil imports from the U.S. soared 13 fold in November from a year earlier to the third highest on record, customs data showed on Dec. 25, as companies accelerated energy purchases set out under a trade deal with Washington. China’s U.S. oil imports hit 3.61 million tonnes, about …

Clean Energy Fuels Corp. and its largest shareholder, Total SE, entered a memorandum of understanding on Dec. 21 to create a 50/50 joint venture to develop carbon-negative renewable natural gas (RNG) production facilities in the United States, as well as credit support to build additional downstream RNG fueling infrastructure. Total …

OPEC and allied producers on Oct. 19 pledged action to support the oil market as concerns mounted that a second wave of the COVID-19 pandemic will hobble demand and an earlier plan to raise output from next year would further depress prices. Saudi Arabia, the biggest member of OPEC, said …

U.S. oil output rose 538,000 bbl/d in July to 10.984 million bbl/d, up from 10.446 million bbl/d in June, the U.S. Energy Information Administration (EIA) said in a monthly report on Sept. 30. Oil production fell in March, April and May as U.S. crude producers were reeling from falling prices …