Monday, April 28, 2025
Coal investments set to rise 10% this year as nations fret over energy security- oil and gas 360

Coal investments set to rise 10% this year as nations fret over energy security

CNBC Global energy investment is on course to jump by more than 8% in 2022 and hit $2.4 trillion, with a notable uptick for coal supply chains, but far more money will be required if climate-related goals are to be met, according to the International Energy Agency. Published Wednesday, the latest version of the IEA’s World Energy Investment report said clean energy

Explainer: Why is there a worldwide oil-refining crunch?- oil and gas 360

Explainer: Why is there a worldwide oil-refining crunch?

Reuters Drivers around the world are feeling pain at the pump with fuel prices soaring, and costs are surging for heating buildings, power generation and industrial production.   Prices were already elevated before Russia invaded Ukraine on Feb. 24. But since mid-March, fuel costs have surged while crude prices are up only modestly. Much of the reason is a lack of adequate

Exxon joins major energy companies investing in Qatar gas project- oil and gas 360

Exxon joins major energy companies investing in Qatar gas project

World Oil (Bloomberg) — Exxon Mobil Corp. is investing in a $29 billion project to boost Qatar’s gas exports, joining others including ConocoPhillips, TotalEnergies and Eni SpA. The US oil giant will take a 6.25% stake in the North Field East project — the biggest in the gas industry — that’s expected to start operating in early 2026. The expansion

A letter to President Biden from Chevron CEO Mike Wirth- oil and gas 360

A letter to President Biden from Chevron CEO Mike Wirth

Chevron Dear Mr. President: Thank you for your letter dated June 14, 2022. As industry leaders, academic experts and numerous policy makers have pointed out, there are no easy fixes nor any short-term answers to the global supply and demand imbalances aggravated by Russia’s invasion of Ukraine. Addressing this situation requires thoughtful action and a willingness to work together, not

Chesapeake Energy Corporation doubles its authorization for common stock and warrant repurchase from $1 billion to $2 billion- oil and gas 360

Chesapeake Energy Corporation doubles its authorization for common stock and warrant repurchase from $1 billion to $2 billion

Oil and Gas 360 OKLAHOMA CITY, June 22, 2022 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ: CHK) today announced that its Board of Directors has doubled its previously announced repurchase program authorization from $1 billion to up to $2 billion in aggregate value of its common stock and/or warrants through year-end 2023.   To date, under its previously authorized program, Chesapeake has repurchased approximately 5.4 million shares