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Why Are Oil Giants Backing Away from Green Energy: Exxon Mobil, BP, Shell and more

Rextag

Where Is the Money for Energy Companies? As world leaders gather at the COP29 climate summit, a surprising trend is emerging: some of the biggest oil companies are scaling back their renewable energy efforts. Fossil fuels deliver higher returns than renewables, reshaping priorities across the energy industry.

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Gulf Oil Operators Chevron, BP, Equinor, Shell Brace as Tropical Storm Rafael Threatens Production

Rextag

Oil companies across the Gulf of Mexico are springing into action as Tropical Storm Rafael bears down, marking yet another disruption in a storm-laden season. million barrels of oil and 6.39 Amid volatile markets driven by election uncertainties and Middle East tensions, Rafael adds fresh anxiety to already jittery energy prices.

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Oil Market Outlook: A Year of Growth, but Slower Than Before

Rextag

The global oil market is full of potential but also fraught with challenges. A Year of Growth, but Slower Than Before The International Energy Agency (IEA) has revised its forecast for global oil demand in 2024, projecting growth of 921,000 barrels per day (bpd) a slight increase from earlier predictions of 862,000 bpd.

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Expand Energy: From Chesapeake’s Fall to America’s Top Natural Gas Producer

Rextag

Before it was Expand Energy, the largest natural gas-weighted exploration and production company in the U.S., it was Chesapeake Energy. This company faced and survived nearly every extreme the energy industry could throw, including bankruptcy. From Bankruptcy to #1! With its recent $7.4 Chesapeake and Southwesterns $7.4

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Shell Wins Appeal in Climate Case: Does Big Oil Really Bear Responsibility for Carbon Emissions?

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Is this a victory for Big Oil or just a delay in the climate accountability movement? This decision, delivered in a high-stakes climate case, is seen as a setback for environmental groups hoping to make energy giants accountable for their contributions to climate change.

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Happy Halloween! ExxonMobil, BP, Shell, and More Face Tricks and Treats in a Spooky Q3 Earnings Season

Rextag

As the leaves fall and we settle into Halloweens cozy, pumpkin-spiced vibes, its not just the ghostly shadows creeping through the energy sector; major oil companies have reported mixed Q3 earnings, facing various challenges and surprises. Despite a dip in realized oil prices and a 13.5% billion, its lowest in nearly four years.

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AI advisor helps geoscientists unlock the value of exploration data

IBM: Oil & Gas

Resource optimization is the key challenge facing oil and gas companies today. AI powers a new way of oil and gas exploration decision making To improve the process, we worked with IBM Research in Brazil to create a GeoScience Advisor that combines the digital with the human. Want to learn more about IBM solutions for Oil and Gas?

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