Marathon Oil Corporation Declares Fourth Quarter 2022 Dividend
January 25, 2023
Marathon Oil Corporation Declares Fourth Quarter 2022 Dividend PR Newswire …
Banks haven’t lost their appetite for fossil fuels just yet
January 25, 2023
Oil Price Following the signing of the Paris Agreement by 193 states and the EU and after the COP27 climate summit in 2021, several major financial institutions came under fire for their continued support of fossil fuel companies. As governments worldwide introduce new climate policies and put pressure on oil and gas firms to improve operations and curb their carbon
US Secretary of Energy Jennifer M. Granholm to Address CERAWeek by S&P Global in Houston, March 6-10
January 25, 2023
US Secretary of Energy Jennifer M. Granholm to Address CERAWeek by S&P Global in Houston, Mar…
Los Angeles County passes ban on new oil and gas drilling
January 25, 2023
Oil Price Los Angeles County has voted to ban new oil and gas drilling in the country, following a similar ban enacted by the City of Los Angeles last month. The Los Angeles County Board of Supervisors on Tuesday passed unanimously the ordinance that bans new oil and gas well drilling and phases out existing wells. The ordinance will take
Matador Resources acquires Delaware basin assets for $1.6 billion
January 25, 2023
World Oil (Bloomberg) – Consolidation in the Texas oil patch is gaining momentum this week after Matador Resources Co. agreed to acquire Advance Energy Partners Holdings LLC for about $1.6 billion in cash. This is the largest deal in Matador’s 20-year history. Matador said Advance had an estimated production in the first quarter last year of 24,500 to 25,500 barrels
Exxon stops flaring in the Permian, urges others to follow suit
January 25, 2023
Oil Price One of the biggest oil producers taking part in the most prolific U.S. shale play has decided to stop routine gas flaring in the Permian and plans to push for all other shale well operators to do the same. In an interview with Reuters, Exxon officials said they would insist on tougher flaring regulations in a bid to achieve a
Oilsands execs say they can’t invest in decarbonization any faster, despite profits
January 25, 2023
BOE Report OTTAWA – Oilsands executives insist they are all in on cutting emissions and will make big investments in green technology, but they maintain there isn’t a place to invest that money yet. Many companies are coming off a year of windfall profits not because they pumped out more product, but because the war in Ukraine and global
Oil steady on China demand recovery hopes, likely unchanged OPEC+ output policy
January 25, 2023
Nasdaq TOKYO/SINGAPORE – Crude oil edged up on Wednesday as optimism for demand recovery in China and a likely unchanged output cut decision by major oil producers offset global recession worries. Brent crude LCOc1 rose 22 cents, or 0.3%, to $86.35 per barrel by 0501 GMT after falling 2.3% in the prior session. U.S. West Texas Intermediate (WTI) crude CLc1 climbed 13 cents, or
U.S. crude oil inventories increase by 0.5 million barrels
January 25, 2023
Weekly Crude Oil Storage as of January 20, 2023 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.5 million barrels from the previous week. At 448.5 million barrels, U.S. crude oil inventories are about 3% above the five year average for this time of year, according to the EIA crude oil and
Are These 2022 TSX Energy Stars Still Buys in 2023?
January 25, 2023
Last year was bullish for energy stocks, as Russia’s surprise attack on Ukraine set th…
