Friday, January 24, 2025
Phillips 66 CEO Greg Garland takes reins of oil and gas trade group API- oil and gas 360

Phillips 66 CEO Greg Garland takes reins of oil and gas trade group API

Houston Chronicle The chief executive of Phillips 66 has been named chair of the American Petroleum Institute, the oil and gas sector’s top trade group said Wednesday. Phillips 66 Chairman and CEO Greg Garland will serve two years as the API chairman. He succeeds Exxon Mobil CEO Darren Woods, who will remain on Washington-based API’s executive committee. “The natural gas

Oil industry in Davos: torn between Greta and Trump

Reuters DAVOS, Switzerland – Oil majors are at the sharp end of the climate debate and face a bewildering balancing act to secure their futures. It’s a Catch-22 situation: to meet ambitious emissions targets by investing in low-carbon technologies, they will have to rely on revenue from expanding their businesses in oil and gas, for which there is still growing

We may not see $100 oil ‘for a long time,’ says Chevron CEO- oil and gas 360

We may not see $100 oil ‘for a long time,’ says Chevron CEO

CNBC Chevron CEO Michael Wirth told CNBC on Thursday that oil prices may not reach $100 for a “long time” thanks to the boom in U.S. shale production. “Oil markets have really changed over the last decade or so,” Wirth said on “Squawk Box” from the World Economic Forum in Davos, Switzerland. “We’ve moved from a period of time where there was a

Enterprise starts up 2 new natural gas processing plants in Texas- oil and gas 360

Enterprise starts up 2 new natural gas processing plants in Texas

Houston Chronicle Houston pipeline operator Enterprise Products Partners has started operations at two new natural gas processing plants this week. The company announced on Thursday morning that it had started its Bulldog cryogenic natural gas processing plant in the Haynesville Shale of East Texas. Located in Panola County, the plant, can process 200 million cubic feet of natural gas per

Oil falls 3% as specter of China virus threatens fuel demand- oil and gas 360

Oil falls 3% as specter of China virus threatens fuel demand

Reuters NEW YORK – UPDATED– Oil prices fell 3% on Thursday on concern that the spread of a virus from China could lower fuel demand if it stunts economic growth, but losses were limited by a drawdown in U.S. crude inventories. Brent crude LCOc1 futures fell $1.70, or 2.7%, to $61.51 a barrel by 1:03 p.m. EST (1803 GMT). The