Tag Archives: Chevron

Bloomberg: Big Oil CEOs Talk Climate Change, Methane and Why They Need Gas

Business News, Energy, , ,

One of the opening events of Climate Week in New York offered a rare sight — nine bosses of some of the world’s largest oil and gas companies in one room.

The occasion was the Oil and Gas Climate Initiative, an industry-supported organization whose members set targets to reduce methane emissions and gas flaring. Present Monday were the chief executive officers of companies including BP Plc, Chevron Corp., Exxon Mobil Corp., Royal Dutch Shell Plc and Total SA. They took questions from reporters and activists.

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Reuters: Oil CEOs push carbon-capture efforts ahead of climate talks

Business News, Energy, , , , ,

A group of 13 major oil companies charted out a plan on Monday to promote investments in carbon capture, use and storage (CCUS), ahead of a gathering in New York.

Oil chiefs grappling with growing demand for action to fight climate change have looked to invest in carbon-capture and sequestration techniques that some executives, including Occidental Petroleum Corp (OXY.N) CEO Vicki Hollub, say could make drilling carbon neutral.

With fossil fuel development growing worldwide, the oil and gas industry faces growing criticism from activists concerned about accelerating climate impacts from melting ice caps to sea-level rise and extreme weather. Scientists say the world needs to halve greenhouse gas emissions over the next decade to avoid catastrophic warming.

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World Oil: Google, Chevron execs say industry must keep up with data transformation, other tech trends

Business News, Energy, , ,

At the Norwegian Energy Day on Tuesday, March 19, hosted by the Norwegian Consulate General and several corporate sponsors, speakers from Google and Chevron told the audience that the oil and gas industry needs to do more, and do it faster, to adapt to the digital transformation and other related trends. “The oil and gas industry, in my mind, is behind in adopting emerging technology,” said Darryl Willis, V.P. for Oil, Gas & Energy at Google Cloud. Willis is uniquely positioned to comment on the situation, given his position at Google Cloud, as well as a 25-year oil and gas pedigree before that, which includes a number of increasingly responsible roles at BP, plus a 2 ½-year stint at TNK-BP.

Read entire article HERE.