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HomePress

Press

Press Releases

Cheniere
International News

Cheniere and Foran Energy Group sign long-term LNG sale and purchase agreement

November 30, 2023 Stu Turley

Oil and Gas 360 20-Year SPA is First Contract Expected to Support Second Train of Sabine Pass Expansion Project HOUSTON–(BUSINESS WIRE)– Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that Cheniere’s […]

Elliott
Downstream

Activist investor Elliott buys $1-billion stake in U.S. refiner Phillips 66

November 30, 2023 Stu Turley

Oil Price Elliott Investment Management, an activist investment group, said on Wednesday it had amassed a $1-billion stake in one of the largest U.S. refiners, Phillips 66, and expressed dissatisfaction with the company’s underperformance in recent years. […]

Crude Oil News

Oil prices rise over 2%; focus on OPEC+, storm-hit Kazakh output

November 29, 2023 Stu Turley

Yahoo Finance NEW YORK – Oil prices jumped over 2% on Tuesday on the possibility OPEC+ will extend or deepen supply cuts, a storm-related drop in Kazakh oil output and a weaker U.S. dollar. Brent crude […]

OPEC+
Crude Oil News

OPEC+ looking at deeper oil cuts ahead of Thursday meeting

November 29, 2023 Stu Turley

Today LONDON :OPEC+ is looking at deepening oil production cuts despite its policy meeting being postponed to this Thursday amid a quota disagreement between some producers, an OPEC+ source said on Monday. Source: Reuters Several […]

ESG loan
ESG

ESG loan bubble close to bursting

November 29, 2023 Stu Turley

Oil Price Sustainability-linked loans, or SLLs, have only been around for a few years. In that short time, they have ballooned into a market worth $1.5 trillion. But now, as scrutiny comes for sustainability claims […]

Oil executives flock to Venezuela
Big Oil Companies

Oil executives flock to Venezuela despite sanctions relief uncertainty

November 29, 2023 Stu Turley

World Oil (Bloomberg) – Oil executives are flocking to Venezuela to take advantage of lighter U.S. sanctions, even though there’s a risk that access to the world’s largest oil reserves might snap shut as quickly […]

oil and gas auctions
Crude Oil News

US kicks off a spate of oil and gas auctions just as COP28 gets underway

November 29, 2023 Stu Turley

Nasdaq The Biden administration on Tuesday will auction off 35,000 acres (14,164 hectares) of land in Wyoming to oil and gas drillers, the first in a series of such sales that will coincide with a […]

Grangemouth closure
Natural Gas

Grangemouth closure has echoes of Rough gas storage

November 29, 2023 Stu Turley

Eighteen months ago I wrote a blog entitled: Cakism in energy policy begins to bite which gained a lot of attention, in which I pointed out that policy-makers tend to want to have their cake […]

Oil Prices
Crude Oil News

Brent dips toward $80 ahead of OPEC+ meeting

November 28, 2023 Mariel Alumit

Nasdaq LONDON – Oil prices fell on Monday, with the Brent benchmark dropping near $80 a barrel as investors awaited this week’s OPEC+ meeting and expected curbs on supplies into 2024. Brent crude futures LCOc1 were down 35 cents, or 0.4%, […]

Biden
Electric Vehicles

The pricey reality behind Biden’s EV aspirations

November 28, 2023 Mariel Alumit

Oil Price The Biden administration is pushing for widespread electrification in less than 20 years through government subsidies and coercive regulations as part of its aggressive climate agenda. The truth is that President Joe Biden’s goals […]

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