Energy News — International Oil Companies Are Making The Headlines Right Now
International oil companies are not known for being the most likeable entities these days, but they are definitely making the headlines right now.
Energy production investments are being spread out across the world, irrespective of energy transition strategies. From the perspective of most oil and gas executives in the United States, oil is still a key part of the world’s transition away from fossil fuels, of which the Permian Basin has a big part to play in the future.
To know more about how North America is driving activity in global energy markets, read a story in Areas & Producers about the future of US shale production.
One of the premier companies operating in the Permian Basin is Devon Energy. A spokesperson for the company touted that “the next Permian Basin” will not be changing by area, but through other production aspects, such as investments in advanced technologies and enhanced oil recovery.
The big player in the US Permian, however, is Chevron, whose Chairman and CEO Mike Wirth spoke to Bloomberg reports in a lengthy interview about the company’s US shale production strategy in the Permian Basin.
Wirth touched on many aspects of the global energy markets and energy transition during the interview. He also echoed some of the statements made by Devon Energy about investments in recovery methods:
“If we can improve recoveries, that changes the entire economic equation in a very profound way. We’re working hard on that.”
As for global energy markets, there’s some even bigger developments happening in other parts of the world. Since there’s too much to unpack about energy production investments this week, I have compiled the top stories of the week so far. Check out the links below:
- “Panel reviewing BP, Adnoc offer for Israel’s NewMed seeks higher price -sources” Reuters
- “Aker Solutions, Subsea7 and SLB joint venture closes” Offshore Energy
- “Eni boosts Indonesia exposure with big gas discovery” CNA
- “South Africa gives go-ahead for TotalEnergies to drill offshore” Reuters
- “TotalEnergies eyes additional Block 58 targets as tiebacks for Suriname project” OilNOW
It should be noted that the links above include information about all of the key international oil companies: BP, ADNOC, SLB, Eni and TotalEnergies.
That’s why it is such a big week for energy news.
I have extensively covered global energy markets in the publication Areas & Producers. Go the publication and check out all of the latest content about oil and gas industry news, as well as how geopolitical shifts are changing the dynamics of future industrial policies. This is the main purpose of the pub’s methodology and mission.
The content in Areas & Producers provides a methodology for readers and writers who are curious about global trends and the future of the world.
