September
Shell’s CEO Surprised by Record LNG Buildout Amid Gas Exuberance
Shell Plc Chief Executive Officer Wael Sawan said the number of new liquefied natural gas projects moving forward was surprising given their high costs, underscoring the fuel’s long-term role in the global energy transition.
Slim’s Carso to Drill at Pemex’s Ixachi Field in $2 Billion Deal
Billionaire Carlos Slim’s Grupo Carso SAB signed a $1.99 billion contract with the state oil company Petroleos Mexicanos to drill 32 wells in a Mexican natural gas field over a three-year period.
Oil Falls on Concerns Another OPEC+ Supply Boost Will Swell Glut
Oil declined at the start of the week as expectations that OPEC+ will hike production again in November exacerbated concerns about a glut.
