Forza Petroleum 2022 Financial and Operational Results
March 16, 2023
Forza Petroleum posts another record year, increasing annual revenue 172% to $323.8 million, driv…
Berkshire Hathaway boosts its stake in Occidental Petroleum to over 23%
March 16, 2023
Oil Price Berkshire Hathaway, the investment vehicle of Warren Buffett, has bought another batch of shares in Occidental Petroleum, pushing its total stake to 23.1 percent. Citing a regulatory filing, Reuters reported the investment company had bought 7.9 million shares in Occidental, paying $466.68 million for them. Earlier this month, Berkshire again bought Oxy stock, at around 5.8 million shares, for which it
Chevron’s plan to nearly double its oil exports from Venezuela
March 16, 2023
Oil Price Chevron, the only U.S. company currently allowed to do business in Venezuela, has urged the country’s government to clean up sediment from Lake Maracaibo to make it possible to load more crude oil on tankers without risking running aground. The cleanup, Bloomberg reports, would nearly double the amount of crude the company could export. For now, Chevron has paid
Shell invests in subsea tieback in U.S. Gulf of Mexico
March 16, 2023
World Oil (WO) — Shell Offshore Inc., a subsidiary of Shell plc, announced the Final Investment Decision (FID) for Dover, a planned subsea tieback to the Shell-operated Appomattox oil production hub in the U.S. Gulf of Mexico. Dover is expected to start production in late 2024-early 2025 and produce up to 21,000 boed at peak rates. The investment at Dover
America’s LNG boom has grown too big too fast
March 16, 2023
Oil Price Last year, the United States leapfrogged Qatar and Australia to become the world’s largest exporter of liquefied natural gas. This was made possible thanks to the surge in LNG demand from Europe as it urgently sought an alternative to Russian pipeline supply. After such a stellar year for U.S. LNG producers despite the months-long outage sat Freeport, which
Canada to set up group to speed up oil sands tailings remediation
March 16, 2023
BOE Report The Canadian and Alberta governments will establish a federal-provincial working group to accelerate remediation of oil sands tailings ponds, the Alberta government said on Wednesday, as investigations continue into an ongoing tailings leak at Imperial Oil’s Kearl project. Federal environment minister Steven Guilbeault and Alberta environment minister Sonya Savage met on Tuesday to discuss the incident at the 240,000
OPEC+ views oil price drop as financially driven, delegates say
March 16, 2023
Nasdaq LONDON/DUBAI – OPEC+ considers this week’s slide in oil prices to a more than one-year low to be driven by financial fears, not any imbalance between demand and supply, and expects the market to stabilise, four delegates from the oil producer group told Reuters. Oil sank to a 15-month low on Wednesday, with Brent crude below $72 a barrel,
Weekly Gas Storage: Inventories decrease by 58 Bcf
March 16, 2023
Natural Gas Inventories as of March 10, 2023 The EIA has released its natural gas inventory report, showing a net decrease of 58 Bcf as of March 10, 2023. Working gas in storage was 1,972 Bcf as of Friday, March 10, 2023, according to EIA estimates. This represents a net decrease of 58 Bcf from the previous week. Stocks were
Energize Your Portfolio With This Canadian Gem
March 16, 2023
2023-03-16 08:30:00 ET As the global demand for energy rises, energy stocks will have susta…
CANASIA ENERGY CORP. 2022 Year-end Financial & Operating Results
March 16, 2023
CANASIA ENERGY CORP. 2022 Year-end Financial & Operating Results CANASIA ENERGY COR…
Shell plc publishes its Energy Transition Progress Report 2022
March 16, 2023
Shell reports good progress on journey to net-zero emissions Shell plc has published its En…
