Concerns over COVID outweigh any optimism on the oil major’s grand plan tied to the energy transition.
The view stands in contrast to that of rival BP Plc, which sees the coronavirus pandemic leaving a lasting effect on global energy demand, though ConocoPhillips still expects "quite a bit of uncertainty next year."
The sale of the approximately 42% stake in Cheniere Energy Partners represented the culmination of Blackstone’s involvement with the Houston-based LNG producer.
Range Resources CEO Jeff Ventura called the ethylene cracker being built by State-owned Thai oil and gas company PTT PCL along the Ohio River in Belmont County a “win-win-win” for the company, PTT and Northeast communities.
Siemens is selling off the business, which has been hit by a collapse in demand and changing energy policies, to focus on smart buildings, mobility and factory automation.
Denbury will now focus on leveraging its expertise and strategic assets into an emerging carbon capture, use and storage business following completion of its financial restructuring, CEO Chris Kendall says.
Occidental Petroleum said Sept. 21 it will pay a $200 million quarterly dividend to Warren Buffett's Berkshire Hathaway in cash instead of common stock, even as the company tries to reduce debt.
Chevron is marketing about 800,000 acres in the Marcellus and Utica shale plays of Pennsylvania and neighboring states and a 31% nonoperating interest in Laurel Mountain Midstream.