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U.S. Energy Secretary: Shale Could Boost Production Even at $50 Oil

OilPrice

shale producers could increase production even if oil prices fell to $50 per barrel as the sector continues to innovate and boost efficiency gains, U.S. The shale industry can sustain a lower price of oil, according to Wright, a former boss at fracking firm Liberty Energy. Secretary of Energy Chris Wright told the Financial Times.

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ExxonMobil, Global Clean Energy Expand Renewable Diesel Agreement

NGT News

ExxonMobil, a publicly traded international energy company, and Global Clean Energy, a developer of sustainable, non-food energy crops for use in biofuels, have expanded their five-year agreement to increase ExxonMobil’s purchase of renewable diesel up to 5 million barrels per year.

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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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Oil set to close week stable as investors mull path to Ukraine ceasefire

Oil & Gas 360º

a barrel at 1322 GMT, after settling 1.5% a barrel, up 25 cents, or 0.38%, after closing down 1.7% The International Energy Agency warned on Thursday that global oil supply could exceed demand by around 600,000 barrels per day this year, due to growth led by the United States and weaker than expected global demand. on Thursday.

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A visit to Metafuels SAF 'Aerobrew' lab and pilot plant

Oilholics Synonymous Report

It's attempting something that's a bit different in the sustainable aviation fuels space by producing its fuel via a methanol-to-jet fuel process. For context, you'd mostly find that e-sustainable aviation fuels or e-SAFs start-ups (i.e. This is massive if achieved on a commercial scale.

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IEW 2025 Days III & IV: India's quest for a gas economy

Oilholics Synonymous Report

What many in the industry choose to describe as a 'bridging fuel', is a medium the Indian government, and indeed many others, appear comfortable in embracing to wean them off coal and help with a shift to more sustainable sources. mmtpa from 2026 for 14 years.

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Civitas expands Permian position with new assets in Howard, Glasscock, Upton

Permian Basin Oil and Gas Magazine

24, Our 2025 outlook is designed to maximize free cash flow, capitalizing on the sustainable efficiencies we have delivered in our first full year of operating in Permian Basin and our strong track record of execution in DJ Basin. Oil production for 2025 is forecast at 150,000 to 155,000 barrels per day.

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