World Oil’s top news items of 2023: 4-1
(WO) – A U.S oil and gas giant discovers more resources in a booming offshore region, while its CEO pledges to continue efficient production to assist in a widely-reported border despite. In the UK, another industry heavyweight shifts focus back to fossil fuels. Celebrate the new year while looking back at World Oil’s top-trending stories of 2023.
4. Shell CEO plans company-wide meeting to discuss shift back to fossil fuels
CEO Wael Sawan invited staff to join a virtual meeting titled “A Conversation With Wael” on Oct. 17 to “deepen our conversation on the opportunities and dilemmas we face as we position Shell to win in the energy transition.”
3. API: BLM’s Conservation, Health Rule a “potential harm” to American energy security
The American Petroleum Institute (API) joined other oil and gas trade groups in urging the Bureau of Land Management (BLM) to reconsider its proposed Conservation and Landscape Health Rule.
ExxonMobil, along with partners Hess Corp. and CNOOC, made a “significant discovery” in the Stabroek block offshore Guyana. This discovery from the Lancetfish-2 well is the fourth made in 2023 in the country, bringing the total amount of recoverable oil and natural gas resources to 11 Bbbl.
1. ExxonMobil CEO addresses Guyana oil focus amid intensifying border dispute with Venezuela
In an interview at COP28, ExxonMobil Corp. CEO Darren Woods said the Texas energy giant is focusing on producing oil in Guyana as efficiently as possible to help the South American country in its border dispute with Venezuela.
