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HomePress

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Press Releases

Marathon Petroleum
Downstream

Marathon Petroleum tops profit estimates on strong fuel demand

November 1, 2023 Mariel Alumit

Oil Price Strong U.S. fuel demand helped Marathon Petroleum (NYSE: MPC) easily beat analyst estimates after reporting on Tuesday an adjusted net income of $3.2 billion for the third quarter of 2023. Adjusted earnings per share […]

oil
Crude Oil News

Biden’s Alaskan oil plan is “major threat” to future drilling, ConocoPhillips executive warns

November 1, 2023 Mariel Alumit

World Oil (Bloomberg) – A century after the U.S. set aside a broad swath of northwest Alaska to be used as an emergency oil supply, the Biden administration is pursuing changes that could make it […]

Bakken
Crude Oil News

Chevron expected to revitalize Bakken shale with Hess acquisition

November 1, 2023 Mariel Alumit

Oil Price Oil production in the Bakken shale play is set to increase after Chevron’s acquisition of Hess, although volumes are unlikely to hit the records seen before 2020, analysts have told Reuters. Last week, Chevron […]

fuel
Crude Oil News

Argentina fuel pump crisis deepens as government threatens export halt

November 1, 2023 Mariel Alumit

Nasdaq BUENOS AIRES – Argentina’s fuel crisis deepened on Monday as filling stations around Buenos Aires ran out of petrol and long queues formed elsewhere, while the government said it could halt exports to preserve […]

Looney’s
Earnings

bp’s quarterly results bring “quiet” Canadian interim CEO into spotlight after Looney’s suprise resignation

November 1, 2023 Mariel Alumit

World Oil (Bloomberg) – Less than two months since Bernard Looney’s shock resignation, BP Plc is going into its first set of quarterly results without a permanent chief executive officer. In his place will stand Murray Auchincloss, […]

Crude Oil News

Daily Energy Standup Episode #240 – Offshore Wind Challenges, Geopolitical Conflicts, and Market Trends

October 30, 2023 Andy Del Prado

Daily Standup Top Stories GE Offshore Wind to Post $1 Billion Loss in 2023, Again in 2024 October 29, 2023 Allen Santos General Electric Co. expects its offshore-wind operations to post annual losses of about $1 billion […]

Crude Oil News

Hostile political attitude to North Sea oil and gas threatens energy security

October 28, 2023 Mariel Alumit

Despite the recent high-profile approval of the Rosebank oil field in the North Sea, the picture for domestic oil and gas production remains bleak. The Conservative Government has recently spied an opportunity for re-election by […]

Crude Oil News

Middle Eastern conflicts often lead to high oil prices and recessions

October 28, 2023 Mariel Alumit

Since the appalling attack on Israel by Hamas terrorists on 7 October, oil prices have been volatile. Historically, conflicts in the Middle East have had a major impact on oil prices, from the price shocks […]

round
Energy Crisis

CfD auction round failure underscores Government’s wrong thinking on subsidies

October 28, 2023 Mariel Alumit

Earlier this month, the UK Government completed its latest subsidy round for renewable electricity generation – the fifth allocation round (“AR5″) for the Contracts for Difference (CfD”) scheme. And it has widely been seen as […]

US power
Electrical Generation / Utilities

Stabilising US power grids using synchronous condensers

October 28, 2023 Mariel Alumit

Recent posts have explored some of the issues the US power grids are facing as the premature closures of fossil fuel and nuclear power stations are creating problems for security of supply. Something discussed less […]

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