The oil giant has outstayed its welcome in San Ramon. By Javier Blas Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” Chevron Corp. has a strong a sense of nostalgia about its home base …
COMMENTARY: Chevron Would Fit Better in Texas Than California Read More »
Move comes after Sunoco sold convenience stores to 7-Eleven Deal would add crude oil transportation and storage for Sunoco Sunoco LP, a US gas station owner, agreed to acquire pipeline and fuel storage company NuStar Energy LP for about $7.3 billion in a move to diversify its business and buy up a key part of its supply …
Gas Station Owner Sunoco to Buy NuStar Energy for $7.3 Billion Read More »
(Reuters) – BP is set to confirm Kate Thomson as its permanent chief financial officer after naming Murray Auchincloss as CEO last week, completing a leadership reshuffle following Bernard Looney’s abrupt resignation in September, two sources with knowledge of the matter told Reuters. The board is expected to decide on the appointment before BP reports …
BP Set to Name Thomson Permanent CFO, Completing Top Management Reshuffle Read More »
Halliburton Profit Beats on International Strength (Reuters) – Halliburton’s fourth-quarter profit beat market expectations on Tuesday as strength in offshore and overseas drilling activities internationally boosted demand for oilfield services and equipment. The Houston-based company said adjusted net income stood at 86 cents per share for the three months ended Dec. 31, compared with 80 cents …
Halliburton Profit Beats on International Strength Read More »
The Gas Exporting Countries Forum (GECF) sees tight global liquefied natural gas (LNG) markets until 2026 as demand rises 1.5% this year and by up to 22% through 2050, the group’s secretary general, Mohamed Hamel, said on Monday at a conference in Trinidad and Tobago. The GECF represents natural gas exporters including Qatar, Russia and …
Gas Exporting Group Sees Tight Global LNG Markets Until 2026 Read More »
Exxon Mobil Corp began on Saturday a planned overhaul on a fluidic catalytic cracker (FCC) and the hydrocracker at its 522,500 barrel-per-day (bpd) Baton Rouge, Louisiana, refinery, people familiar with plant operations said on Monday.The 110,000-bpd gasoline-producing FCC and 23,000-bpd diesel-producing HCLA hydrocracker were shut on Saturday for the two-month long overhaul, the sources said. …
Exxon Louisiana Refinery Gasoline, Diesel Units Shut for Work Read More »
Energy risks are suddenly front page news, but the signs were there all along, provided you knew what to look for. These risks evolve from basic supply and demand forces in the energy industry. Balancing the supply of, and the demand for, energy perfectly, with all its necessary infrastructure and services, all the time, everywhere, for everyone, across …
Saudi Arabia’s crude oil exports in November climbed to their highest level in five months and marked a third straight rise, data from the Joint Organizations Data Initiative (JODI) showed on Monday. Crude exports from the world’s largest oil exporter rose 0.6% to 6.336 million barrels per day (bpd) from 6.297 million bpd in October. …
Saudi Arabia’s November Crude Exports Hit 5-Month High Read More »
Reuters Jan 22 (Reuters) – Sunoco (SUN.N) said on Monday it would acquire NuStar Energy (NS.N) in an all-equity transaction valued at about $7.3 billion, including assumed debt.
(Reuters) – Oil prices edged higher on Monday as traders weighed the impact of wars in the Middle East and Ukraine on oil supply against economic headwinds pressuring global oil demand. Brent crude rose 22 cents to $78.78 a barrel by 1141 GMT. The front-month U.S. West Texas Intermediate crude futures contract for February delivery …
Oil Creeps Higher as Geopolitics Outweigh Demand Concerns Read More »
