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Home2023May

Month: May 2023

Oil
Crude Oil News

Oil industry buying more public land in New Mexico. Feds hope to prioritize conservation

May 22, 2023 Mariel Alumit

More land was set for sale to the oil and gas industry in southeast New Mexico as land managers looked to retool federal rules to prioritize conservation throughout the U.S. The Bureau of Land Management […]

Marathon
Crude Oil News

Marathon’s return to Basin encouraging

May 22, 2023 Mariel Alumit

Having returned to activity in the Permian Basin last year, Marathon Oil Corp. reports that production here is already rivaling that of the Bakken and Eagle Ford formations. Lee Tillman, who is president, CEO and chairman of […]

Marathon
Crude Oil News

Marathon Oil Keeps Growing And Providing Long-Term Value

May 22, 2023 Mariel Alumit

Marathon Oil Corporation has a sound balance sheet that has been very free with returning capital to shareholders with both dividends and buybacks. We won’t be rid of oil and gas for many more decades, […]

17 Iranian ‘Ghost Tankers’ Bring Oil Worth $1 Billion to Syria
Crude Oil News

17 Iranian ‘Ghost Tankers’ Bring Oil Worth $1 Billion to Syria

May 22, 2023 Mariel Alumit

At least 17 shipments by eight different tankers have delivered more than 16 million barrels of Iranian oil to Syria over the past six months, according to publicly available data. The “ghost tankers” have docked […]

Shell
Big Oil Companies

Shell faces shareholder revolt over laughably inadequate climate change goals

May 22, 2023 Mariel Alumit

Shell is bracing itself for an agonizing annual meeting next week, where it will attempt to juggle the demands for profits with the bothersome calls to address the climate crisis more forcefully. Shell, that paragon […]

GCC
Finance

World Bank expects GCC economic growth to slow to 2.5% in 2023

May 22, 2023 Mariel Alumit

Muscat – The GCC economies are projected to grow at a slower pace in 2023 compared to the previous year, in the face of lower oil and gas earnings and a global economic slowdown, according to […]

Price
Crude Oil News

EIA expects lower crude oil prices for the second half of 2023 and for 2024

May 22, 2023 Mariel Alumit

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, May 2023 We lowered our crude oil price forecast for the rest of 2023 and for 2024 in our May Short-Term Energy Outlook (STEO) because of […]

California
Uncategorized

California Public Employees Retirement System Raises Stake in Equitrans Midstream Co. by 17.4%

May 22, 2023 Mariel Alumit

On February 11th, 2021, California Public Employees Retirement System made a bold move by raising its stake in Equitrans Midstream Co. (NYSE:ETRN) by 17.4%. This strategic decision was announced in the company’s most recent disclosure […]

Oil
Alternative Investments

Wildcatting in the Oil Industry vs. Shielding Wealth Out-of-the-Box Tax Strategies for Young Entrepreneurs

May 22, 2023 Mariel Alumit

Introduction: In the world of oil exploration, wildcatters are known for their daring and ambitious spirit as they search for untapped oil reserves. Similarly, young entrepreneurs who’ve recently sold their businesses often face a different […]

Wind
Climate Crisis

Wind Farms Raise Temperatures at the Surface Level

May 22, 2023 Mariel Alumit

Studies have found that wind turbines impact local meteorological conditions by raising temperatures at the surface level while the wind turbines are in operation. Due to lucrative federal subsidies, wind farms are being built at a rapid […]

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