Oil giantBPis committed to tackling climate change, the company's CEO said, but he insisted that hydrocarbons such as oil and gas will have an ongoing role to play in the energy mix for years. "It may not be popular to say that oil and gas is going to be in the energy system for ...
The conflict in Ukraine has prompted European Union customers to reduce their purchases of Russian energy while the G7 and the EU are trying to impose a price cap on Russian oil and gas. "Such a one-sided decision is of course a violation of existing contracts, which would lead to...
Financial Associated Press, September 16 - Mike Wirth, CEO of oil giant Chevron, said on Wednesday that the world is expected to face high energy prices in the foreseeable future because oil and gas producers have no intention to increase the scale of drilling....
Among a flurry of pledges in the first few days of COP28 was a commitment by some 50 oil and gas companies to cut methane emissions from their own operations by 2030. U.N. Secretary-General António Guterres said that the announcement was “a step in the right dir...
Computer chips are more important than oil and gas. So says none other than Pat Gelsinger, Intel's CEO. Speaking to CNN while attending the World Economic Forum in Davos, Gelsinger explained why computer chips are the defining technology of our time. ...
But in an updated strategy in June, Shell said that it would grow its gas business and extend its position in the upstream. Ad "Continued investments in oil and gas will be needed to make sure that the energy transition happens in a balanced way with a secure suppl...
Despite a growing need for renewable energy to fight climate change, oil and gas will continue to be fundamental for "world economic growth and human prosperity" for decades to come, according to John Hess, CEO of Hess Corp. "The energy transition will take time, cost a lot of money and...
"We aren't getting this one right. The world needs 100 million barrels effectively of oil and gas every day. And we need it for 10 years," Dimon said. TickerSecurityLastChangeChange % JPMJPMORGAN CHASE & CO.276.59+0.27+0.10% "To do that, we need proper investing in...
s bold gas investments and said, “When we took our investments decision a few years back, there were a lot of people doubting our move saying we don’t not need that kind of an investment and that kind of volume. And I think people realize now the need for the oil and gas...
” Anderson said. “What we do is good for humanity and good for the world. Like everything, there’s trade-offs. But I think somehow in the oil and gas world, we only talk about the small portion of challenges. We don’t talk about the 99% of oil and gas which is grea...