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HomeAuthorsMariel Alumit

Articles by Mariel Alumit

Climate Crisis

Where is the Oil price going from here?

October 7, 2024 Mariel Alumit

Where is the Oil price going from here? You don’t want to miss this episode of the International blockbuster podcast Energy Realities, with Tammy Nemeth, Irina Slav, David Blackmon and Stu Turley. The geopolitical risk […]

Chevron
Big Oil Companies

Chevron Sells Canada Oil Sand, Shale Assets for $6.5 Billion

October 7, 2024 Mariel Alumit

(Bloomberg) — Chevron Corp. agreed to sell stakes in oil sands and shale assets in Western Canada to Canadian Natural Resources Ltd. for $6.5 billion. The deal relates to Chevron’s 20% interest in the Athabasca […]

Equinor
Finance

Equinor buys 9.8% stake in offshore wind developer Orsted

October 7, 2024 Mariel Alumit

OSLO/COPENHAGEN, Oct 7 (Reuters) – Norway’s Equinor (EQNR.OL),  has bought a 9.8% stake valued at around $2.5 billion in Danish offshore wind farm developer Orsted (ORSTED.CO),  it said on Monday, as it seeks to build up its […]

Oil
Crude Oil News

Bad Policies Leave U.S. Vulnerable to Middle East Oil Crisis

October 7, 2024 Mariel Alumit

Tensions in the Middle East have been going on for a year now, and oil supply has not been disturbed. This week, geopolitical risk jumped significantly as Israel is said to be planning strikes on […]

Chevron
Big Oil Companies

Chevron to sell assets worth $6.5 billion to Canadian Natural Resources

October 7, 2024 Mariel Alumit

Oct 7 (Reuters) – Chevron (CVX.N), opens new tab is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources (CNQ.TO),  for $6.5 billion, the oil giant said on Monday as it puts in […]

Shell
Big Oil Companies

Shell expects Q3 LNG trading results to be in line compared to previous quarter

October 7, 2024 Mariel Alumit

Shell revealed this in its third-quarter update note on Monday. The company’s adjusted earnings reached $6.29 billion in the second quarter, a rise of 24 percent compared to the second quarter in 2023, while Shell’s […]

TotalEnergies
Exports

TotalEnergies to supply two more LNG cargoes to Bulgargaz

October 7, 2024 Mariel Alumit

Bulgargaz recently launched three tenders for the delivery of five cargoes during the upcoming autumn-winter season. The company previously awarded the October LNG cargo to TotalEnergies and this shipment was already delivered to Gastrade’s FSRU-based LNG terminal […]

Europe’s grid operators
Electrical Generation / Utilities

Europe’s grid operators unprepared for renewables

October 7, 2024 Mariel Alumit

Europe’s energy watchdog has criticised the continent’s grid operators for being unprepared for the expected increase in renewable energy. The Agency for the Cooperation of Energy Regulators (ACER) warns that without changes to their plans, […]

bp
Big Oil Companies

bp drops 2030 oil output reduction target

October 7, 2024 Mariel Alumit

bp has decided to drop its goal of reducing oil and gas production by 2030 as part of a new strategy under Chief Executive Officer Murray Auchincloss. This change marks a significant shift from the […]

LNG shipping rates
International News

LNG shipping rates continue to decline, European prices rise

October 6, 2024 Mariel Alumit

Last week, LNG shipping rates also declined. “Spark30S Atlantic rates dropped for a second consecutive week, reducing by $6,250 to $51,500 per day,” Qasim Afghan, Spark’s commercial analyst, told LNG Prime on Friday. Image: Spark He […]

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