(Reuters) – Exxon Mobil’s surprise challenge to Chevron’s acquisition of Hess through a dispute over a stake in a major Guyana oil field could prove fruitful for the U.S. oil giant, even if it does not end up enlarging its holdings in the South American country. Exxon (XOM.N) said on Monday it may exercise pre-emptive rights that could …
Exxon’s Curveball Move in Guyana Alters Chevron-Hess Deal Prospects Read More »
(Reuters) – India’s coal sector is united about one thing. It doesn’t matter if you are a miner, trader, utility or steelmaker, you are bullish, extremely bullish. The overarching theme at this week annual Coaltrans India conference in the western state of Goa is that coal production, imports and demand are all going to rise …
India’s Coal Sector Sees Huge Leaps in Output and Demand Read More »
Global liquefied natural gas (LNG) demand will grow in 2024 with top buyer China back in the market and consumption in Europe rising, a TotalEnergies executive said on Wednesday. “LNG has continued to grow, with China being back in the market but not yet at the level of 2021,” Senior Vice President Asia Pacific Exploration & …
Global LNG Demand Seen Rising in 2024 From China, Europe – TotalEnergies Exec Says Read More »
Integrated Land Management & GIS Software Achieves More Accurate Asset Analysis Your energy company strives for more accurate land asset analysis using overlapping manual and digital processes. Land departments juggle data in many forms: legacy or homegrown systems, spreadsheets, maps, photos, and lots of paper. Poor data management directly affects your team’s time and drives …
[Calgary, 27/02/2024] – Kathairos Solutions, a leader in the field of clean technology for methane emission reduction, is excited to announce a strategic partnership with Doig River First Nation (DRFN) and its economic arm, Úújǫ Developments LP. This collaboration is set to pioneer sustainable environmental practices while fostering economic growth and cultural preservation within DRFN …
(Reuters) – U.S. shale producer Devon Energy reported a fall in fourth-quarter profit on Tuesday, hurt by lower oil and gas prices and forecast a 2% impact in first-quarter production due to severe winter weather. Concerns over global demand weighed on commodity prices throughout the reported quarter, with U.S. natural gas prices declining by more than …
Devon Energy Reports Lower Profit, Sees Production Hit from Winter Storm Read More »
Strong 2023 Operational Execution; Enhanced Capital Efficiency Expected in 2024 Highlights: Full Year 2023 Generated net earnings of $2.1 billion, cash from operating activities of $4.2 billion, Non-GAAP Cash Flow of $3.9 billion and Non-GAAP Free Cash Flow of $1.2 billion after capital expenditures of $2.7 billion Exceeded high end of full year production guidance …
Ovintiv reports fourth quarter and year-end 2023 financial and operating results Read More »
By Geoffrey Cann A brand new digital bludgeon whose nearly sole purpose is to beat up on the oil and gas industry, is about to be launched. As usual, this is both bad and good news. The Methane Problem For years, human produced industrial methane was overlooked as a meaningful contributor to climate change. Far more attention was paid …
The Latest Digital Bludgeon With Which To Beat Up Oil and Gas – Geoffrey Cann Read More »
Are we heading toward an all-renewable energy future, spearheaded by wind and solar? Or are those energy sources wholly inadequate for the task? Mark Mills, Senior Fellow at the Manhattan Institute and author of The Cloud Revolution, compares the energy dream to the energy reality.
An ongoing consolidation in the U.S. shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said. Deals worth more than $55 billion have been announced in the first two months of 2024, according to analytics firm Enverus, as …
Oil and Gas Upstream M&A Deal Value Hits Highest Q1 Levels Since 2017 Read More »
