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Home2023October

Month: October 2023

ConocoPhillips
Press

Exclusive: ConocoPhillips weighs CrownRock bid to challenge rivals

October 27, 2023 Mariel Alumit

Yahoo Finance NEW YORK – ConocoPhillips is considering an offer for CrownRock LP, an energy producer in the west Texas area of the Permian basin, people familiar with the matter said, as consolidation in the […]

Petroleum
Press

Warren Buffet snaps up more Occidental Petroleum

October 27, 2023 Mariel Alumit

Oil Price Berkshire Hathaway (BRKA: BRKB) has expanded its stake in Occidental Petroleum (OXY) with a purchase of another 3.9 million shares this week, according to a Securities and Exchange Commission regulatory filing. Source: Reuters Warren […]

Chevron
Press

Guyana government “very supportive” of Chevron megadeal, Hess CEO says

October 27, 2023 Mariel Alumit

World Oil (Bloomberg) – Guyana’s government is “very supportive” of Chevron Corp.’s deal to buy Hess Corp., which owns a large stake in the country’s oil developments, Chief Executive Officer John Hess said in an interview. Source: […]

Press

Chevron’s mega oil deal more expensive than Exxon’s

October 27, 2023 Mariel Alumit

Yahoo Finance Exxon Mobil’s $59.5 billion deal to acquire oil and gas producer Pioneer Natural Resources may have been larger than Chevron’s $53 billion agreement to buy Hess, but it is Chevron that is paying […]

OPEC+
Press

OPEC+ members send less oil to U.S., adding to tight supply outlook

October 27, 2023 Mariel Alumit

Nasdaq NEW YORK – U.S. waterborne imports of crude from OPEC+ members including Saudi Arabia have dropped steadily over the last year, further tightening supplies in the U.S. while supporting other markets including Europe, according […]

Occidental
Exploration and Production

Warren Buffett Snaps Up More Occidental Petroleum

October 27, 2023 Mariel Alumit

Berkshire Hathaway (BRKA: BRKB) has expanded its stake in Occidental Petroleum (OXY) with a purchase of another 3.9 million shares this week, according to a Securities and Exchange Commission regulatory filing. Warren Buffett’s holding company now […]

Honda
Electric Vehicles

Honda and General Motors Halt $5B Plans To Develop Affordable Electric Vehicles to Rival Tesla — What Now?

October 27, 2023 Mariel Alumit

Back in April 2022, General Motors and Honda announced they would be expanding their already two-year-old partnership to include a number of affordable electric vehicles — primarily smaller crossover SUVS — built on GM’s platform and powered by its […]

Natural Gas

Weekly Gas Storage: Inventories increase by 74 Bcf

October 27, 2023 Mariel Alumit

Working gas in underground storage, Lower 48 states Historical Comparisons Stocksbillion cubic feet (Bcf) Year ago(10/20/22) 5-year average(2018-22) Region 10/20/23 10/13/23 net change implied flow Bcf % change Bcf % change East 908 896 12 […]

EU
Climate Crisis

Exclusive: EU executive proposes methane emissions limit on gas imports – document

October 26, 2023 Mariel Alumit

BRUSSELS, Oct 25 (Reuters) – The European Commission has proposed imposing methane emissions limits on EU gas imports from 2030, a move that would pressure the bloc’s international fossil fuel suppliers including the U.S. to […]

Hamas
Energy Crisis

Hamas and the Folly of Energy Dependence

October 26, 2023 Mariel Alumit

The barbarism and savagery of Hamas’ attack on Israel offer a tragic reminder that while history may not repeat itself it does tend to rhyme. An all-too-common refrain through the ages is that weakness invites aggression. When […]

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