Exxon Mobil has reported a net income attributable to shareholders of $19.7bn for the third quarter of 2022, compared to $6.75bn a year ago, benefiting from rising energy prices. The company said its profit was boosted by the […]
A remarkable political consensus has emerged: the world needs more oil. Confirmation of that reality didn’t come from any oil executive but from President Biden, who recently admonished U.S. oil companies “to deploy these record-breaking profits to […]
The worse the tech wreck, the more the fuel – so to speak – for energy gains, and following what has been the worst quarter for megacap tech names, most of which have tumbled double […]
I remember staring out the window of my mom’s brown Pontiac LeMans as we waited in a two-block-long line at the gas station during the 1970s oil embargo. Even as a kid, I understood energy independence […]
The collective profits of Exxon, Chevron, Shell, BP, and TotalEnergies for the last quarter would come in at $50.7 billion. Big oil firms are expected to earn less than in the blockbuster quarter that was […]
Venezuela has given the go ahead to all PDVSA partners to leave their JVs. Foreign oil firms may sell their shares to PDVSA, but must forgive any past debts and unpaid dividends. Reuters: In all, […]
Amid uncertainty in the global economy as a potential recession, the ongoing Russia-Ukraine war and lingering coronavirus concerns in China put a question mark around near-term energy markets, the coming year looks solid for the […]
Saudi oil and gas giant Saudi Aramco has created a $1.5 billion sustainability fund to encourage investment in technology needed to support “a stable and inclusive” energy transition. Aramco disclosed the creation of “one of the world’s largest […]
The Dutch government wants to close the strategically important Groningen gas field by 2024. An increasing number of earthquakes and damage to some 27000 buildings to the point that they are uninhabitable have forced the Dutch […]
The headlines continue to highlight positive developments by operators in the SCOOP/STACK plays in Oklahoma. But who is participating in the production streams BESIDES the operator? What non-operated interests or overriding royalty interests are […]
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