ConocoPhillips on Monday announced several updates that highlight the company’s differentiated value proposition including more than $7 billion in 2022 capital expenditures. This announcement follows the recent closing of the company’s acquisition of Shell’s Permian Basin properties on Dec. 1 for net cash of $8.6 billion. The announcement reflects the addition of Shell’s Permian …
December 6, 2021 archive
Xcel Energy hedges against gas cost to save on bills
Months after the catastrophic winter storm energy crisis, Xcel Energy announced hedging steps to cut the impact of high natural gas prices this winter. The Amarillo Globe News reported the utility company said it is leaning on other power generating sources to maximize the efficiency of its power plants running on natural gas. Click …
COVID variant affects World Petroleum Congress in Houston
The spread of the Omicron COVID-19 variant is affecting the attendance at this week’s World Petroleum Congress underway in Houston. Reuters reported there is a “sharply trimmed roster” of energy executives and government ministers gathered to deal with the oil market’s future. Click here for Reuters.
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