World Oil’s Top Stories of 2022: 6-10
(WO) — If 2022 was big for international oil, it was astronomical for the domestic sector. From our coveted annual World Oil Awards to happenings in West Texas, news never stopped flowing. Read on for the top home-grown stories of 2022.
For more than 20 years, the World Oil Awards have recognized and honored the upstream energy industry’s leading innovators and innovations and recognized step changes in technology that have made a lasting impact. See our sponsors, finalists, and winners for 2022.
7: ‘Hell no’: Finance firms tell Texas they don’t boycott energy
As Texas officials hunt for financial firms hostile to the energy industry, Wall Street is rolling out its fossil fuel bona fides to convince officials not to bar them from doing business with the state.
8: ConocoPhillips to weigh $1 billion Permian assets sale
ConocoPhillips, one of North America’s largest energy explorers, is considering a sale of operations worth more than $1 billion in the Permian Basin.
9: Texas to begin plugging 800 orphaned wells with $25 million of federal funding
The Department of the Interior announced that Texas has been awarded an initial grant of $25 million from the Infrastructure Investment and Jobs Act to begin work to plug, cap and reclaim orphaned oil and gas wells across the state.
10: Permian oil producers about to slow despite $100 crude
Even with crude above $100 a barrel, producers in the Permian and other U.S. shale basins are riding the brakes.