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Big Oil Companies

Daily Energy Standup Episode #239 – Weekly Recap: Climate Crisis in Africa, Hydrogen Challenges, and Chevron’s Strategic Move

October 28, 2023 Andy Del Prado

Daily Standup Weekly Top Stories Why is the Climate Crisis racist where Africa is concerned? The West policies towards Africa are like environmental racism. – Alex Epstien October 21, 2023 Allen Santos Sometimes we must stand […]

ConocoPhillips
Press

Exclusive: ConocoPhillips weighs CrownRock bid to challenge rivals

October 27, 2023 Mariel Alumit

Yahoo Finance NEW YORK – ConocoPhillips is considering an offer for CrownRock LP, an energy producer in the west Texas area of the Permian basin, people familiar with the matter said, as consolidation in the […]

Petroleum
Press

Warren Buffet snaps up more Occidental Petroleum

October 27, 2023 Mariel Alumit

Oil Price Berkshire Hathaway (BRKA: BRKB) has expanded its stake in Occidental Petroleum (OXY) with a purchase of another 3.9 million shares this week, according to a Securities and Exchange Commission regulatory filing. Source: Reuters Warren […]

Chevron
Press

Guyana government “very supportive” of Chevron megadeal, Hess CEO says

October 27, 2023 Mariel Alumit

World Oil (Bloomberg) – Guyana’s government is “very supportive” of Chevron Corp.’s deal to buy Hess Corp., which owns a large stake in the country’s oil developments, Chief Executive Officer John Hess said in an interview. Source: […]

Press

Chevron’s mega oil deal more expensive than Exxon’s

October 27, 2023 Mariel Alumit

Yahoo Finance Exxon Mobil’s $59.5 billion deal to acquire oil and gas producer Pioneer Natural Resources may have been larger than Chevron’s $53 billion agreement to buy Hess, but it is Chevron that is paying […]

OPEC+
Press

OPEC+ members send less oil to U.S., adding to tight supply outlook

October 27, 2023 Mariel Alumit

Nasdaq NEW YORK – U.S. waterborne imports of crude from OPEC+ members including Saudi Arabia have dropped steadily over the last year, further tightening supplies in the U.S. while supporting other markets including Europe, according […]

Natural Gas

Weekly Gas Storage: Inventories increase by 74 Bcf

October 27, 2023 Mariel Alumit

Working gas in underground storage, Lower 48 states Historical Comparisons Stocksbillion cubic feet (Bcf) Year ago(10/20/22) 5-year average(2018-22) Region 10/20/23 10/13/23 net change implied flow Bcf % change Bcf % change East 908 896 12 […]

Crude Oil News

U.S. crude oil inventories increase by 1.4 million barrels

October 26, 2023 Mariel Alumit

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.4 million barrels from the previous week.  At 421.1 million barrels, U.S. crude oil inventories are about 5% below the five […]

Texas
Crude Oil News

Texas regulator assess over $2 million in penalties against oil, gas operators

October 26, 2023 Mariel Alumit

World Oil AUSTIN – The Railroad Commission of Texas assessed $2,425,495.50 in fines involving 597 enforcement dockets against operators and businesses at the Commissioners’ Conference on Tuesday. The Commission has primary oversight and enforcement of […]

Crude Oil News

Chevron’s Hess acquisition delivers “richly-valued” oil independent

October 26, 2023 Mariel Alumit

World Oil (Bloomberg) – Chevron Corp.’s acquisition of Hess Corp. does more than give it a stake in the world’s fastest-growing oil field off the coast of Guyana and shale assets in the Bakken basin of […]

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