Doing a 180-degree turn and redirecting more money to oil and gas exploration would definitely make some investors unhappy. FT: Banks want oil companies to keep returning cash to shareholders instead of investing it in […]
Marathon Oil has entered into a purchase agreement to acquire the Eagle Ford assets of Ensign Natural Resources for total cash consideration of $3 billion. The transaction is subject to customary terms and conditions, including closing […]
The US Gulf of Mexico (GOM) has long been a sound investment opportunity for operators looking for world-class oil fields, stable government regimes, and predictable regulatory requirements. Since the 1980s, the region’s deeper waters have […]
Nov 3 (Reuters) – U.S. liquefied natural gas (LNG) company Cheniere Energy Inc (LNG.A) on Thursday reported a third-quarter loss on derivative contracts while delivering revenue and adjusted profit that more than doubled on surging LNG demand. […]
Viral Facebook post: A “small area” in western Texas and southeastern New Mexico “has enough oil to fuel America for the next 200 years.” PolitiFact’s ruling: False Here’s why: Does America possess enough oil in 86,000 square miles […]
HOUSTON, Oct 31 (Reuters) – U.S. oil output climbed to nearly 12 million barrels per day (bpd) in August, government figures showed on Monday, the highest since the onset of the COVID-19 pandemic, even as […]
Oil and gas supermajor Shell has completed the sale of its 100 percent shareholding in its Philippines subsidiary to Malampaya Energy XP (MEXP), a subsidiary of Prime Infrastructure Capital. Shell said that this sale completion […]
Saudi Aramco’s total hydrocarbon output reached 14.4 million b/d of oil equivalent in the third quarter of 2022, as Saudi Arabia, the world’s largest oil exporting country brought on more supply to the oil markets […]
ExxonMobil and Chevron each foresee a bit lower respective Permian Basin production profiles for 2022 than earlier stated, although both are still running high volumes of several hundred thousand barrels a day apiece of oil […]
ExxonMobil and Chevron each foresee a bit lower respective Permian Basin production profiles for 2022 than earlier stated, although both are still running high volumes of several hundred thousand barrels a day apiece of oil […]
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