U.S. oil production will grow by about 500,000 barrels per day this year, with 80% or 90% of that coming from the Permian basin, Frederick Forthuber, president of Oxy Energy Services at Occidental Petroleum Corp said on Tuesday at the CERAWeek conference in Houston.
The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange in New York, U.S., April 30, 2019.
Brendan McDermid/File PhotoMarch 7 - U.S. oil production will grow by about 500,000 barrels per day this year, with 80% or 90% of that coming from the Permian basin, Frederick Forthuber, president of Oxy Energy Services at Occidental Petroleum CorpOil output growth in the U.S. has moderated, and is anticipated to remain slower as companies have shifted their focus to investor returns and faced headwinds such as inflation and supply chain constraints.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
CERAWeek and RodeoHouston bring both visitors and millions of dollars to the cityThe annual energy conference is expected to bring more than 7,000 visitors to Houston,...
Les mer »
CERAWEEK Exxon seeks to unblock stalled sale in 'challenging' Nigeria - top executiveExxon Mobil Corp hopes to get Nigerian government approval to allow the stalled sale of its shallow water oil production operations in the West African country, a top Exxon executive told Reuters.
Les mer »
CERAWeek 2023: Rice University experts to participate in major energy industry conferenceSeveral experts from Rice University will be participating in a major energy industry conference this week in Houston.
Les mer »
CERAWEEK-UAE's Jaber urges Big Oil to join fight against climate changeA top oil executive from the United Arab Emirates on Monday urged the energy industry to join the fight against climate change, borrowing a famous line from a U.S. astronaut aboard a damaged spacecraft during the Apollo 13 mission in 1970.
Les mer »
CERAWEEK-'Houston, we have a problem'-Energy industry grapples with climate fightTop global energy executives and officials on Monday grappled with how to transition the global economy from fossil fuels to renewables quickly enough to prevent climate disaster without disrupting strategic oil and gas supplies.
Les mer »
CERAWEEK Biden climate law will stumble without permitting reform, industry warnsThe Biden administration's climate law, which provides hundreds of billions of dollars in clean energy incentives to fight global warming, won't be fully effective without permitting reform, executives told the CERAWeek energy conference on Monday.
Les mer »