By Arathy Somasekhar and Liz Hampton
HOUSTON, March 9 (Reuters) - In one of his first
meetings with oil and gas executives since being confirmed as
U.S. energy secretary, Chris Wright said he intended to speed up
permitting and support the industry, attendees told Reuters.
His comments, made at a dinner ahead of the world's largest
energy industry gathering in Houston, were in line with
President Donald Trump's push to maximize U.S. oil and gas
production.
"They're in a hurry," said Bob Dudley, former CEO of British
oil major BP, told Reuters as he exited the dinner.
"They don't want things to be slowed by years and years and
years of permitting. The world needs to move fast, and the
United States is known as being a very slow country."
Dudley, who now chairs the Oil and Gas Climate Initiative,
an industry-led organization that aims to accelerate the
response to climate change, added he anticipated an emphasis on
nuclear development and faster permitting from Wright.
The world's energy industry leaders are gathering against
the backdrop of plummeting oil prices that may undermine the
administration's "drill, baby, drill" policy agenda. Top U.S.
energy companies have already announced thousands of job cuts
this year.
U.S. oil and gas output was already at record levels before
Trump took power, and there is little incentive to pump more
with prices hovering near their lowest in three years.
It has become a tradition in recent years for executives from
the U.S. shale industry to meet for a private dinner as the
conference gets underway.
Sunday's dinner included U.S. Interior Secretary Doug
Burgum, as well as CEOs from Baker Hughes ( BKR ), Occidental
Petroleum ( OXY ), TotalEnergies, Williams Companies ( WMB )
, Petrobras, EQT Corp ( EQT ) and Gunvor Group
Ltd.
In the past, those dinners had included representation from
the Organization of the Petroleum Exporting Countries.
Wright, who formerly ran a Denver, Colorado-based hydraulic
fracturing company, declined to comment when leaving the dinner.
He will address the conference on Monday.
The discussion at the dinner also focused on energy
production and the structure of the new government energy
dominance council, said Dan Brouillette, who was the U.S. energy
secretary during Trump's first term.
Tariffs, which have roiled oil markets as Trump has
implemented and then paused levies on neighboring Canada and
Mexico, were not discussed, said several attendees.
Trump's protectionist trade policies have shaken markets due
to concern the policies will impact economic growth and lower
demand for oil.