Posted on November 28, 2023
Company Spotlight, Energy, Energy Transition, EVs, Lithium, Smackover Formation

Speaking at the APEC 2023 CEO Summit earlier this month, ExxonMobil CEO Darren Woods shared his thoughts on today’s world-scale problems that include climate change, energy poverty, and the limitations of renewable energies. He left his peers with a few guiding principles to consider. The most important, Woods stressed, is to “leverage the power of competitive markets to let the best solutions win.” ...

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Posted on October 19, 2022
Bakken, Carbon Capture - CCS, Company Spotlight, Crude Oil, DJ Basin, Downstream, Eagle Ford, Energy Transition, Hydrogen, Permian, Pipelines, Renewable Energy

The newest refinery in the U.S. is the Texas International Terminals in Channelview, which came online in February joining 129 other refineries across the nation. Even the thought of building a refinery—especially now—seems a waste of brain cells. But one company has a grand vision to construct the petroleum refinery of the future that will reduce or eliminate 95% of greenhouse gas emissions. The only decision left is whether Texas or Okla., will call it home. Reese Energy Consulting today is following the latest news from El Campo, Texas-based Prairie Energy, which plans to construct a $5.56 billion “next generation” crude refining complex that not only will produce cleaner fuels but the heat processes to produce them will use a combination of pure O2, blue hydrogen, and green hydrogen. CO2 produced from the hydrogen unit will be captured and permanently sequestered. The facility itself will be powered by 100% renewable...

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