As Western Oil Giants Cut Production, State-Owned Companies Step Up [The New York Times]
BP p.l.c. (BP)
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Source: The New York Times
Energy & Environment|As Western Oil Giants Cut Production, State-Owned Companies Step Uphttps://www.nytimes.com//10/14/business/energy-environment/oil-production-state-owned-companies.htmlmentContinue reading the main storySupported byIn the Middle East, Africa and Latin America, government-owned energy companies are increasing oil and natural gas production as U.S. and European companies pare supply because of climate concerns.Saudi Aramco’s natural gas plant in Hawiyah in June. The Saudi state company announced that it planned to increase its oil production capacity by at least a million barrels a day to 13 million barrels by the 2030s.Credit...Amr Nabil/Associated PressByClifford KraussOct. 14, ,9:52 a.m. ETHOUSTON — After years of pumping more oil and gas, Western energy giants like BP, Royal Dutch Shell, Exxon Mobil and Chevron are slowing down production as they switch to renewable energy or cut costs after being bruised by the pandemic.But that doesn’t mean that the world will
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