Monday, January 27, 2025
Chevron, Staatsolie sign production sharing contract for Surinam's Block 7- oil and gas 360

Chevron, Staatsolie sign production sharing contract for Surinam’s Block 7

Nasdaq PARAMARIBO – Suriname’s state firm Staatsolie and a unit of Chevron Corp CVX.Nhave signed a production sharing contract for exploring and producing oil at an offshore block, the companies said on Wednesday, expanding their cooperation in the South American country. Surinam is a small onshore crude producer, but the South American country has yet to confirm up to 4 billion barrels of estimated oil and

Manchin's bipartisan energy bill negotiations are bad news, not good, says analyst- oil and gas 360

Manchin’s bipartisan energy bill negotiations are bad news, not good, says analyst

World Oil An analyst at Evercore ISI, which tracks many market and regulatory factors affecting oil and gas, says he has been getting questions this morning about the Monday/Tuesday overnight news that Senator Joe Manchin (D-W.V.) convened a bipartisan group, together with Senator Lisa Murkowski (R-Alaska), to discuss a bipartisan energy bill. News reports are framing this effort as potentially

Russia accused of ‘blackmail’ after halting gas supplies to two European countries- oil and gas 360

Russia accused of ‘blackmail’ after halting gas supplies to two European countries

CNBC Russia’s gas supplies to Eastern Europe are looking highly uncertain after the country’s state-run gas giant Gazprom told Poland and Bulgaria that it would halt supplies.   The move comes after both countries refused Moscow’s recent demand to pay for gas supplies in rubles, but also coincides with a sharp rise in tensions between Western allies and Russia as the war in

Big Oil’s huge Russia writedowns eased by cash from $100 oil- oil and gas 360

Big Oil’s huge Russia writedowns eased by cash from $100 oil

World Oil (Bloomberg) — Big Oil is walking away from tens of billions of dollars of Russian assets, but $100 crude is easing the sting. The invasion of Ukraine forced the global supermajors to sever most of their ties with Moscow, while also sending oil and gas prices soaring. The outcome will be a first-quarter earnings season full of contradictions