ExxonMobil is the second-largest oil company (by market capitalization) in the world, second only to the Saudi-owned Saudi Aramco. Exxon is the definition of “Big Oil.” Unfortunately, Big Oil isn’t always a positive thing. Exxon CEO Darren Woods wants to keep American taxpayers locked into forking over trillions of dollars to other (corrupt) countries in…
Read More...ExxonMobil published its annual “The Global Outlook” yesterday, the company’s latest view of energy demand and supply through 2050. The document forms the basis for Exxon’s business planning and is “underpinned by a deep understanding of long-term market fundamentals.” Exxon is making short-term decisions based on this long-term document. And what does this document say?…
Read More...A coalition of major oil companies is asking the U.S. Supreme Court to rule on a key aspect of numerous ongoing nationwide lawsuits filed by cities, counties, and states. The lawsuits by multiple “blue” states and cities accuse Big Oil companies of deceiving the public about their role in causing mythical manmade global warming. The…
Read More...In December 2019, New York Attorney General Tish James and her highly-paid associates were thoroughly, completely, 100% humiliated in court when their case against Exxon Mobil, accusing the company of screwing shareholders by keeping secret knowledge they are toasting Mom Earth, was itself toast (see Judge Finds Exxon Not Guilty in Fraud Case – NY…
Read More...There’s been a lot of news coming from the UN COP28 climate event in Dubai. In some respects, we feel like it’s a firehose of news about leftists targeting fossil energy (even though the event is being hosted by the CEO of a fossil fuel company). COP28 runs from Nov. 30 to Dec. 12, so…
Read More...Do you know what the single most responsible force was in liberating the United States from the grip of the dictator thugs of OPEC? Independent shale oil companies. Over the past decade, companies like EOG Resources, Apache, Continental Resources, Concho Resources, and Pioneer Resources broke the grip of OPEC over U.S. oil supplies. Pioneer, as…
Read More...Sometimes, news comes along in the oil and gas world that is so big, even when it doesn’t directly involve the Marcellus/Utica, we feel a responsibility to report it. Today is one of those days. The rumor mill has been swirling for weeks that Exxon Mobil is interested in buying Pioneer Natural Resouces, the number…
Read More...Exxon Mobil Corporation announced it is buying Denbury Inc., a developer of carbon capture, utilization, and storage solutions and enhanced oil recovery, for $4.9 billion in an all-stock transaction. Denbury currently focuses on the Gulf Coast and Rocky Mountain region. Presumably, Exxon plans to expand Denbury’s technology to other regions, including the Marcellus/Utica. Please Login…
Read More...Earlier this month, we noticed a short Bloomberg article about a stray comment made by Exxon Mobile CEO Darren Woods. He was speaking at the Bernstein Annual Strategic Decisions Conference held on June 1 in New York City. Woods said he has tasked the brainiacs who work for Exxon to figure out a way to…
Read More...Finally, at least one Big Oil company is willing to go on the record countering the mass insanity of the… Continue reading The post Exxon Says World Hitting Mythical “Net-Zero” by 2050 is Nonsense first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...We spotted an article by a Bloomberg opinion columnist that says American shale energy is in a “midlife crisis.” The… Continue reading The post Bloomberg: Shale in Midlife Crisis, Big Oil Rides in to Save Day first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Hydrogen energy is the new savior that will keep the world from toasting itself out of existence. So goes the… Continue reading The post EQT Joins Open Hydrogen Initiative Aimed at Producing Low-CO2 H2 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...What can we say? Once again, the Democrat Party is trying to demonize fossil fuels and is going after “Big… Continue reading The post Senate Democrats Attack Big Oil Again, Propose Huge New Taxes first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Area Energy, a joint venture between Shell and ExxonMobil, has agreed to sell more than 23,000 wells in California to IKAV for an estimated $4 billion. The post Experts worry Shell, Exxon sold over 23,000 wells to avoid the cost of cleanup appeared first on Shale Gas Reporter. This post appeared first on Shale Gas
Read More...In August, Jennifer Granholm, hands down the most incompetent Secretary of Energy ever to hold the office, sent a letter… Continue reading The post Exxon Says Granholm is Crazy for Demanding Less Oil/Diesel Exports first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
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