December 9, 2022 – Oil & Gas 360

Opinion: Energy industry already leads on reducing methane emissions

December 9, 2022

World Oil WASHINGTON, D.C.—Five years ago, the American Petroleum Institute (API) launched The Environmental Partnership (TEP). This first-of-its-kind effort brought oil and natural gas producers in the U.S. together behind a shared commitment to continuously improve the industry’s environmental performance. TEP is now implemented in 47 states by 102 participating companies that comprise 70% of America’s onshore production. Most recently,

New Critical Minerals Strategy Positions Canada as the Leading Supplier of the Mined Materials Essential to a Lower Carbon Future

December 9, 2022

New Critical Minerals Strategy Positions Canada as the Leading Supplier of the Mined Materials Es…

Texas senate committee takes aim at BlackRock over ESG policies

December 9, 2022

Oil Price The Texas legislature has subpoenaed investment firm BlackRock, together with its subsidiaries and affiliate entities in the state, for documents related to the institution’s promotion of environmental, social, and governance (ESG) policies. The subpoena was issued by the Texas Senate Committee on State Affairs last month and asks the sergeant-at-arms for the committee or any peace officer of

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count had an no decrease of 780 this week, at 4

December 9, 2022

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 4 over last week, resulting in a total count of 780 rigs. Canada had an increase of 7 over last week, resulting in a total Canadian count of 202 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Barnett, the

Exxon lifts share buyback to $50 billion after record profit

December 9, 2022

World Oil (Bloomberg) — Exxon Mobil Corp. raised its annual share buyback by about 10%, six weeks after the oil giant posted its highest profit in its 152-year history. Exxon will now repurchase $50 billion of stock through 2024, expanding its previous plan of $30 billion through 2023, the Irving, Texas-based company said in a statement. The buyback will

Canada ends support for international oil and gas projects

December 9, 2022

Oil Price Canada has officially ended its government support for international fossil fuel projects, fulfilling a commitment it made at last year’s Conference of the Parties, or COP, Ottawa said in a statement. “The Government of Canada is taking a suite of actions to achieve Canada’s climate goals,” the statement read. “These include accelerating our G20 commitment “to phase out and

Putin says Russia could cut oil production over West’s ‘stupid’ price cap

December 9, 2022

Yahoo Finance MOSCOW – Russia, the world’s biggest exporter of energy, could cut oil production and will refuse to sell oil to any country that imposes the West’s “stupid” price cap on Russian oil, President Vladimir Putin said on Friday. The Group of Seven major powers, the European Union and Australia last week agreed a $60 per barrel price

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