Marathon Oil Corporation Declares Third-Quarter 2023 Dividend
October 25, 2023
Marathon Oil Corporation Declares Third-Quarter 2023 Dividend PR Newswire H…
NOG provides preliminary financial and operational updates for the third quarter of 2023
October 25, 2023
Oil and Gas 360 MINNEAPOLIS–(BUSINESS WIRE)– Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced an update on Ground Game acquisitions and certain other financial and operational items for the third quarter of 2023. HIGHLIGHTS Strong organic and Ground Game activity driving additional development Q3 Ground Game transactions expected to add 5.7 net in-process and
Saudi Prince says Exxon, Chevron megadeals show oil is here to stay
October 25, 2023
World Oil (Bloomberg) – Oil is here to stay as U.S. majors strike blockbuster deals while Saudi policies are helping stabilize global crude markets, the kingdom’s energy minister said at the annual investment forum in Riyadh. “It’s working,” Energy Minister Prince Abdulaziz bin Salman said of Saudi Arabia’s strategy for managing the oil market. The kingdom has to “ensure
RBC: The U.S. could tighten the oil sanctions on Iran
October 25, 2023
Oil Price The United States is likely to tighten the sanction enforcement on Iran’s crude oil exports over the Hamas-Israel war and the Iranian backing of Hamas, Helima Croft, the head of global commodity strategy at RBC Capital Markets, told CNBC on Wednesday. “The Biden administration is desperate to contain this war, they clearly do not want it spilling beyond Gaza,”
Chevron’s Hess acquisition delivers “richly-valued” oil independent
October 25, 2023
World Oil (Bloomberg) – Chevron Corp.’s acquisition of Hess Corp. does more than give it a stake in the world’s fastest-growing oil field off the coast of Guyana and shale assets in the Bakken basin of North Dakota. It also delivers a richly-valued oil independent. While just the size of the all-stock transaction, at $53 billion, is an eye-watering figure,
Exclusive-Shell cuts low-carbon jobs, scales back hydrogen in overhaul by CEO
October 25, 2023
US News LONDON – Shell will cut at least 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan’s drive to boost profits, it said on Wednesday. The staff cuts and organizational changes come after Sawan, who took the helm in January, vowed to revamp Shell’s strategy to focus
Texas regulator assess over $2 million in penalties against oil, gas operators
October 25, 2023
World Oil AUSTIN – The Railroad Commission of Texas assessed $2,425,495.50 in fines involving 597 enforcement dockets against operators and businesses at the Commissioners’ Conference on Tuesday. The Commission has primary oversight and enforcement of the state’s oil and gas industry and intrastate pipeline safety. Fifty-nine dockets involved $1,010,697 in penalties after operators failed to appear at Commission enforcement proceedings.
U.S. crude oil inventories increase by 1.4 million barrels
October 25, 2023
Weekly Crude Oil Storage as of October 20, 2023 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.4 million barrels from the previous week. At 421.1 million barrels, U.S. crude oil inventories are about 5% below the five year average for this time of year, according to the EIA crude oil and
