Monday, January 20, 2025
Union urges shareholders to vote against Marathon exec pay: letter- oil and gas 360

Union urges shareholders to vote against Marathon exec pay: letter

Reuters NEW YORK – The Teamsters Union on Monday urged shareholders of oil refiner Marathon Petroleum Corp to vote against an approval on executive compensation, arguing that the company provides outsized and unnecessary exit packages for top leaders. The union said in a letter released on Monday that shareholders should at an April 28 meeting instead vote in favor of

Biden targets big offshore wind energy expansion to fight climate change- oil and gas 360

Biden targets big offshore wind energy expansion to fight climate change

Reuters The administration of U.S. President Joe Biden said on Monday that it has set a goal to vastly expand the nation’s offshore wind energy capacity in the coming decade by opening new areas to development, speeding environmental permitting, and boosting public financing for projects. The plan is part of Biden’s broader effort to rapidly transition the U.S. economy to

Exxon, Chevron take a slow walk on the path to U.S. shale recovery- oil and gas 360

Exxon, Chevron take a slow walk on the path to U.S. shale recovery

Reuters Exxon Mobil and Chevron Corp have scaled back activity dramatically in the top U.S. shale oil field, where just a year ago the two companies were dominating in the high-desert landscape. The cautious approach of the two largest U.S. oil companies is a major reason domestic oil production has been slow to rebound since prices crashed during pandemic lockdowns

ZoneVu Platform enhanced with new Mobile App and Added Frac Design Features - oil and gas 360

Ubiterra enhances the future of geosteering with ZoneVu Completions module and live notifications™

Oil and Gas 360 ZoneVu® Version 6.0 Released Denver, Colorado – March 25, 2021 – Oil and gas cloud software company, Ubiterra, today announces the release of ZoneVu version 6.  ZoneVu, the company’s market-leading geosteering platform, is doing what has never been done: allowing asset teams to drill wells together from a browser, in real-time, with live 3D seismic, and automatically updating drilling data. Traditionally, geoscientists and engineers work in separate PC workstation-based software applications.  ZoneVu is designed to

Oil falls as traffic in Suez Canal resumes- oil and gas 360

Oil falls as traffic in Suez Canal resumes

Reuters LONDON -Oil fell on Monday as a container ship that has blocked the Suez Canal for nearly a week was refloated and traffic in the waterway resumed, while fuel demand in Europe remained weak amid renewed lockdowns to curb a new wave of coronavirus infections. Brent oil fell 63 cents, or 1%, to $63.94 a barrel by 1337 GMT.