3 Top Energy Stocks to Buy After Earnings
November 5, 2021
The broader energy sector continued to build solid momentum to close out the week on No…
Shell resumes oil exports at Mars and Ursa in the Gulf of Mexico
November 5, 2021
World Oil Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has safely and successfully re-started production at its Mars and Ursa platforms in the US Gulf of Mexico and began exporting oil and gas through the West Delta-143 (WD-143) “A” facility. “Our Hurricane Ida recovery efforts are the latest example of how our people come together with great
2 Crazy-Cheap TSX Dividend Stocks to Buy in November 2021
November 5, 2021
The market rally in 2021 wiped out most of the pandemic deals, but dividend investors can s…
Shale firm EOG to launch carbon capture project by late 2022
November 5, 2021
Reuters U.S. shale oil firm EOG Resources on Friday said it aims to begin by late 2022 a carbon dioxide injection program to reduce greenhouse gases from its oil and gas production. The Houston, Texas-based energy producer emphasized it had no intention of changing its business focus, limiting the project to its own output, reducing so-called Scope 1 and Scope
Biden has few options to carry out his OPEC threat
November 5, 2021
World Oil LONDON (Bloomberg) –For U.S. President Joe Biden, the easy part was threatening a response. Now comes the tougher challenge of delivering one, or risk looking impotent in his struggle with the oil cartel. When last week Biden pressed OPEC+ to bring oil prices down with a large output hike, he warned of consequences if the cartel rejected his
Pioneer CEO says Biden needs to “back off” anti-oil policies
November 5, 2021
World Oil HOUSTON (Bloomberg) –President Joe Biden should “back off” from domestic anti-oil policies if he wants to keep crude prices in check, according to one of America’s biggest shale drillers. “The President is realizing all the efforts when he came into office of stopping offshore leasing, stopping drilling on federal leases offshore, New Mexico, both in the Bakken and
Southwestern Energy to acquire GEP Haynesville for $1.8 billion
November 5, 2021
World Oil SPRING, TX – Southwestern Energy Company announced that it has entered into a definitive agreement with the third largest private Haynesville producer – GEP Haynesville, LLC under which it will acquire GEP for approximately $1.85 billion. The transaction is expected to close by year-end 2021, subject to customary closing conditions. “This strategic move positions Southwestern as the
Oil rises after OPEC+ rebuffs U.S. call to boost output
November 5, 2021
Reuters LONDON – Oil prices rose towards $81 a barrel on Friday after OPEC+ producers rebuffed a U.S. call to raise supply to cool the market, sticking to plans for a gradual increase in output after cuts made in the face of the coronavirus crisis. Brent crude rose 36 cents, or 0.45%, to $80.90 a barrel by 1358 GMT. U.S.
