(Bloomberg) – Chevron Corp. will book fourth-quarter charges of $3.5 billion to $4 billion, citing assets it sold in the Gulf of Mexico and policies in California prompting the company to slash investments in the […]
Nasdaq Jan 2 (Reuters) – Chevron CVX.N said on Tuesday it would take non-cash writedowns on U.S. oil and gas production, primarily in California, and for securing abandoned wells and pipelines in the U.S. Gulf of Mexico that had […]
Daily Standup Top Stories OPEC’s Influence on Oil Prices To Remain Significant In 2024 January 2, 2024 Mariel Alumit Fears of lower demand and rising non-OPEC supply threatens OPEC+ cuts. U.S. oil producers took everyone by […]
Energy giants QatarEnergy and ExxonMobil released the latest construction update for their Golden Pass LNG export terminal on the US Gulf Coast near Sabine Pass, Texas. State-owned QatarEnergy owns a 70 percent stake in the […]
The U.S. Has Billions for Wind and Solar Projects. Good Luck Plugging Them In. (NYT) February 24, 2023 Mariel Alumit Plans to install 3,000 acres of solar panels in Kentucky and Virginia are delayed for years. […]
Lightsource bp says it has sold five of its Australia solar project to the China-based Beijing Energy International Australia (BJEI Australia) for an equity value of $813 million. The portfolio, which amounts to a total […]
Investing Mexican state energy company Pemex’s mounting debt with oil service providers as well as private crude and gas producers threatens production, investment and in some cases even the survival of suppliers, industry groups warned. […]
Need for transitional fuels, CO2 capture cited in final text Big Oil has long promoted natural gas as bridge to renewables The historic COP28 deal, which committed the world to the transition away from fossil fuels, […]
Warren Buffett’s Berkshire Hathaway bought close to $590 million worth of Occidental Petroleum stock this week after the latter announced it would acquire Permian oil driller CrownRock. Occidental said it will buy CrownRock for cash […]
Daily Standup Top Stories Shell agrees to sell stake in two U.S.-based renewable energy projects December 12, 2023 Mariel Alumit Shell Wind Energy Inc. and Savion Equity, LLC, subsidiaries of Shell plc, have agreed to sell […]
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