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Hess Guyana’s Secret Value Becomes Part of Exxon Arbitration, Sources Say

Summary Panel to consider independent appraisal of Hess Guyana Exxon sees Chevron-Hess merger as disguised asset buy, say sources Hess Guyana makes up 70% of Chevron’s $53 bln bid, say analysts Chevron, Hess see appraisal as irrelevant to arbitration case Aug 20 Chevron  last October offered to pay $53 billion for Hess, one of the two biggest deals …

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Hess Guyana’s Secret Value Becomes Part of Exxon Arbitration, Sources Say

Summary Panel to consider independent appraisal of Hess Guyana Exxon sees Chevron-Hess merger as disguised asset buy, say sources Hess Guyana makes up 70% of Chevron’s $53 bln bid, say analysts Chevron, Hess see appraisal as irrelevant to arbitration case Aug 20 Chevron  last October offered to pay $53 billion for Hess, one of the two biggest deals …

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Quantum Capital Group Acquires Assets from Caerus Oil and Gas for $1.8 Billion

Establishes QB Energy to Own and Operate the Piceance Assets Existing Quantum Portfolio Company KODA Resources to Own and Operate the Uinta Assets HOUSTON, Aug. 19, 2024 (GLOBE NEWSWIRE) — Quantum Capital Group (“Quantum”) and Caerus Oil and Gas (“Caerus”) today announced the closing of a transaction under which Quantum, via two separate portfolio companies, …

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Russia Complains to Germany over Nord Stream Sabotage Probe

(Reuters) – Russia has complained to Germany over its investigation into the 2022 explosions that ruptured the Nord Stream gas pipelines, the RIA state news agency reported on Monday, after a key suspect escaped arrest in Poland. German media reported last week that German prosecutors had identified a Ukrainian diving instructor as a suspect in the Nord …

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Why Canada is on the Verge of an Unprecedented Rail Labor Stoppage

For the first time, Canada’s two main railway companies – Canadian National Railway and Canadian Pacific Kansas City – are on the verge of a simultaneous labor stoppage that could inflict billions of dollars’ worth of economic damage. WHY ARE BOTH COMPANIES POISED TO STOP? Contract talks between the Teamsters union and the companies usually …

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COMMENTARY: Where Can We Easily Reduce or Eliminate Oil & Natural Gas? – Yogi Schulz

We can reduce hydrocarbon consumption in many modest ways to materially mitigate GHG emissions and reduce consumer energy costs. This approach can be more successful than the loud clamouring of some environmentalists who want to eliminate burning fossil fuels to rapidly reduce greenhouse gas (GHG) emissions to address climate change. The federal government is pursuing …

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California Aims to Tackle Pump Spikes by Requiring Gas Reserves

California Governor Gavin Newsom proposed a plan on Thursday requiring oil refiners to maintain minimum reserves of gasoline in an effort to prevent price spikes. The California Energy Commission said that on 63 days last year California refiners maintained less than 15 days of supply of gasoline, a situation that it said spiked prices and …

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North Dakota Oil Production Falls for Second Straight Month in June

North Dakota’s oil production fell by 22,500 barrels per day (bpd) in June to an estimated 1.176 million bpd, the state’s Pipeline Authority said on Thursday, marking a second straight monthly decline. Production in the third top oil-producing U.S. state has slipped since climbing to 1.29 million bpd last September, according to figures from its …

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TC Energy Completes Sale of Portland Natural Gas Transmission System

CALGARY — TC Energy Corp. says it and its partner have successfully completed the sale of Portland Natural Gas Transmission System. Earlier this year, the companies announced they were selling the U.S. pipeline for US$1.14 billion to a BlackRock fund and investment funds managed by Morgan Stanley Infrastructure Partners. The partner, Northern New England Investment …

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Texas adds UK lender NatWest to Energy ‘Boycott’ List Over Financing Restrictions Aug 14 (Reuters) – Texas has added Britain’s NatWest  to a list of firms that “boycott” energy companies, potentially restricting the bank’s business with public agencies, the comptroller said on Wednesday. NatWest was added to the list because of limits it has added on …

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