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HomePress

Press

Press Releases

Geopolitical

RBC: The U.S. could tighten the oil sanctions on Iran

October 26, 2023 Mariel Alumit

Oil Price The United States is likely to tighten the sanction enforcement on Iran’s crude oil exports over the Hamas-Israel war and the Iranian backing of Hamas, Helima Croft, the head of global commodity strategy […]

International News

Saudi Prince says Exxon, Chevron megadeals show oil is here to stay

October 26, 2023 Mariel Alumit

World Oil (Bloomberg) – Oil is here to stay as U.S. majors strike blockbuster deals while Saudi policies are helping stabilize global crude markets, the kingdom’s energy minister said at the annual investment forum in […]

NOG
Finance

NOG provides preliminary financial and operational updates for the third quarter of 2023

October 26, 2023 Mariel Alumit

Oil and Gas 360 MINNEAPOLIS–(BUSINESS WIRE)– Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced an update on Ground Game acquisitions and certain other financial and operational items for the third […]

Halliburton
Earnings

Halliburton profit beats as higher global drilling offsets weak N.America

October 25, 2023 Mariel Alumit

Yahoo Finance Halliburton’s third-quarter profit beat market expectations on Tuesday as higher international drilling and equipment demand helped overcome weakness in North America. The increased demand comes as oil and gas companies reinvest their record profits […]

Crude Oil News

Oil prices fall amid flurry of weak European economic data

October 24, 2023 Mariel Alumit

CNBC Oil prices fell on Tuesday for the third straight session, after a flurry of slow economic data from Germany, the euro zone and Britain that weighed on the outlook for energy demand. Brent crude futures […]

Exploration and Production

US energy M&A slows in Q3, but October’s mega deals to spark activity – Enverus

October 24, 2023 Mariel Alumit

Nasdaq Blockbuster takeovers by U.S. oil and gas majors Exxon and Chevron this month may spark further consolidation in the energy industry after a quieter third quarter for mergers and acquisitions in the sector, analytics […]

Crude Oil News

United States oil ETF is once again world’s largest oil fund

October 24, 2023 Mariel Alumit

Oil Price Thanks to steady inflows in recent weeks, United States Oil ETF (NYSEARCA: USO) is once again the biggest oil exchange-traded fund in the world in terms of total assets, topping WisdomTree Brent Crude […]

Big Oil Companies

Value gap between European, U.S. oil majors “stubbornly wide” amidst Exxon, Chevron megadeals

October 24, 2023 Mariel Alumit

World Oil (Bloomberg) – Europe’s oil majors seem to finally be winning back investors by refocusing on their core business, yet the valuation gap with their dealmaking U.S. peers remains stubbornly wide. After companies such […]

Crude Oil News

Chevron to increase Guyana, Bakken shale production with $53 billion Hess acquisition

October 24, 2023 Mariel Alumit

World Oil (WO) — Chevron Corporation has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per […]

Big Oil Companies

Analysis: Mega transatlantic oil mergers less likely after Exxon, Chevron deals

October 24, 2023 Mariel Alumit

Yahoo Finance LONDON – The prospect of Exxon Mobil or Chevron buying European majors has receded after the two leading U.S. oil companies announced major acquisitions focused on the Americas this month, investors said. Source: […]

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