A transformation in the upstream sector is shifting the industry's focus to proved, developed and producing resources. "It is more of a manufacturing process now than anything else, so the whole game is technical and financial excellence,” said energy fellow Mark Finley. "People who can drill the best wells, do the best frack jobs at the lowest cost are the ones who are going to win." | Oct. 13, 2020, 11:09 a.m.
Venezuela’s state-run oil company, PDVSA, "is in survival mode,” said Francisco Monaldi, who heads the institute's Latin America Energy Program. “Due to sanctions they have no alternatives, so anyone willing to assume the legal and reputational risk can easily take advantage of them.” Read more at the Associated Press. | Oct. 12, 2020, 10:39 p.m.
Federal agencies are no longer required to consider how emissions from projects contribute to climate change, Jim Blackburn, Baker Institute Rice faculty scholar, told the Houston Chronicle. “That allows business as usual to continue as usual, which is the enemy of dealing with climate change." | Oct. 9, 2020, 10:34 a.m.
"If it's going to happen anywhere, it's going to happen in Texas," Ken Medlock, senior director of the Center for Energy Studies, told Platts Oil about the possibility of developing carbon capture technology. | Sept. 28, 2020, 9:33 p.m.