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ExxonMobil, Global Clean Energy Holdings Sign Renewable Diesel Agreement

NGT News

ExxonMobil has signed an agreement with Global Clean Energy Holdings, a developer of sustainable, non-food energy crops for use in biofuels, to purchase 2.5 million barrels of renewable diesel per year for five years from a converted California refinery starting in 2022.

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Energy Market Assessment: Restoring upward mobility of the masses will have a profitable oil & gas drilling boom

Oil & Gas 360º

Energy Market Assessment: Restoringupward mobility of the masses will have a profitable oil & gas drilling boom- oil and gas 360 While many are worried about stock market volatility, interest rates, tariffs and other uncertainty, The Climate Changing to stimulating is driving our bullish natural gas outlook. Figure 9: U.S.

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Are Oil Prices Headed Back Above $100 A Barrel?

Energy Central

The price of West Texas Intermediate (WTI) opened 2022 at about $75 a barrel (bbl). But the shale boom had put millions of new barrels of oil into. Last week, the price rose above $90/bbl for the first time since 2014. That was also the last year the price of WTI was above $100/bbl.

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Crude oil extraction may be well past peak

Energy Central

million barrels per day in late 2018, and production hasn’t been able to regain that level since then. World monthly crude oil production based on data of the US Energy Information Administration (EIA). The straight orange line represents the 24-month average during the period June 2022 through May 2024.

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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd). mtpa Coral South FLNG project has been operating since 2022 while ExxonMobil plans to make FID on Rovuma LNG in 2026.

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Have Oil Prices Finally Bottomed After Collapsing Again in June?

Energy Central

Oil Prices rallied between December 2021 and March 2022 to hit new 14-year highs. The light crude oil raced to reach $130 per barrel before plunging to a low of $93 in April. And after surging again to hit a high of $123 on June 10, the WTI crude oil price pulled back again to trade below $94 last week.

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Ghana’s crude oil production dips 9.54% in 2023

Reporting Oil and Gas

million barrels, according to Finance Minister Ken Ofori-Atta. million barrels, the TEN field produced 5.02 million barrels, and the Sankofa-Gye Nyame field yielded 8.46 million barrels. million barrels produced in the same period in 2022. million barrels on behalf of the state.