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Photo from ExxonMobil.
ExxonMobil has undertaken site works for construction of a proposed low-carbon hydrogen production plant and CCS plant at its 561,000-b/d integrated refining and petrochemical complex in Baytown, Tex., along the Houston Ship Channel (Fig. 1).
Energy Transition

ExxonMobil using integrated approach on path to decarbonize downstream

May 1, 2023
ExxonMobil is investing about $17 billion through 2027 on lower-emission initiatives that aim to reduce emissions in its operations but are also directed at reducing others’ emissions...
World Hydrogen Production (Fig. 1).
Energy Transition

Cost looms over hydrogen’s role in energy transition

May 1, 2023
Achieving the decarbonization targets of the Paris Agreement will require that hydrogen meet 15% of global energy demand by 2050.
Capital Expenditures by Groups (Fig. 1).
Economics & Markets

Oil, gas producers continue to ramp up capital spending in 2023

April 3, 2023
Capital spending by oil and gas companies will continue growing in 2023, driven by a sustained favorable commodity price environment, strong cash flows, and cost inflation.
Oil Barrels

Regulatory, court disputes await oil and gas industry in 2023

Feb. 6, 2023
The center of gravity for federal actions affecting the oil and gas industry can be expected to shift in 2023 now that Congress is divided and the political parties are able to...
Midwest Carbon Express CCS Pipeline. Fig 1.
Pipelines & Transportation

Summit CCUS project expands pipe diameters, faces delays

Feb. 6, 2023
Summit Carbon Solutions has increased the planned diameter of many of the sections of its proposed 2,000-mile Midwest Carbon Express CO2 pipeline, raising its capacity to 18 million...
World Oil Market at a Glance (Fig. 1).
Economics & Markets

Oil market to tighten in 2023

Jan. 9, 2023
The outlook for global economic growth has deteriorated amid high inflation, falling confidence, and tighter monetary policy.