Ernest Scheyder

Recent and archived articles by Ernest Scheyder

9 Nov 2017 | 7:00 AM

Peak oil? Majors aren’t buying into the threat from renewables

LONDON: Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its plans to pour US$8bil over a decade into renewable technologies, even promising to power its gas stations with the sun.

31 Aug 2017 | 4:25 AM

Houston mayor pushes U.S. government to quickly approve Harvey aid

HOUSTON (Reuters) - Houston Mayor Sylvester Turner on Wednesday pushed the U.S. government to quickly approve funds for Tropical Storm Harvey relief efforts and clear any regulatory hurdles to recovery.

30 Aug 2017 | 8:48 PM

Storm-hit Houston strains from influx of evacuees, mayor demands aid

HOUSTON (Reuters) - Houston strained under the arrival of tens of thousands of people at city shelters fleeing submerged homes and flooded roads on Wednesday, while some incidents of looting and armed robberies forced a midnight curfew.

28 Aug 2017 | 9:07 AM

Harvey throws a wrench into U.S. energy engine

HOUSTON (Reuters) - A hurricane in the heart of the U.S. energy industry is set to curtail near-record U.S. oil production for several weeks, with the impact expected to reverberate throughout the country and across international energy markets.

21 Jul 2017 | 5:17 AM

U.S. says Exxon under Tillerson violated Russia sanctions in 2014

WASHINGTON/HOUSTON (Reuters) - The United States on Thursday admonished Exxon Mobil Corp for "reckless disregard" of U.S. sanctions in dealings with Russia in 2014 when Secretary of State Rex Tillerson was the global oil company's chief executive, and fined it $2 million.

29 May 2017 | 3:29 PM

Opec ponders how to co-exist with US shale oil

US shale bankers came to Vienna this week and Opec is readying a trip for its top officials to Texas in a bid to understand whether the two industries can co-exist or are poised to embark on another major fight in the near future.

18 Apr 2017 | 7:00 AM

Undaunted by oil bust, financiers pour billions into US shale

HOUSTON: Investors who took a hit last year when dozens of US shale producers filed for bankruptcy are already making big new bets on the industry’s resurgence.

The quickening pace of investments from private equity, along with hedge funds and investment banks, comes even as the recovery in oil prices from an eight-year low has stalled at just over US$50 per barrel amid a stubborn global supply glut.
15 Mar 2017 | 8:46 AM

Tillerson's email alias was prompted by business needs, Exxon says

HOUSTON (Reuters) - U.S. Secretary of State Rex Tillerson, while chief executive of Exxon Mobil Corp, used an alias for emails with employees and board members because his primary account was jammed with too many messages, the oil company said on Tuesday.

13 Dec 2016 | 7:44 AM

Exxon's financial metrics mixed during Tillerson's decade as CEO

HOUSTON (Reuters) - As the front-runner for U.S. secretary of state, Exxon Mobil Corp Chief Executive Rex Tillerson would bring a global business savvy seldom seen in a Cabinet member, let alone the country's top diplomat.

20 Aug 2016 | 5:42 AM

Exxon touts clean tech in Olympic ads as climate pressure grows

HOUSTON (Reuters) - Exxon Mobil Corp is running television advertisements at the Rio Olympics to showcase its work on clean energy, a high-profile blitz as the company faces pressure over global warming in an intense year of climate politics.