Monday, January 20, 2025
Chevron expected to revitalize Bakken shale with Hess acquisition- oil and gas 360

Chevron expected to revitalize Bakken shale with Hess acquisition

Oil Price Oil production in the Bakken shale play is set to increase after Chevron’s acquisition of Hess, although volumes are unlikely to hit the records seen before 2020, analysts have told Reuters. Last week, Chevron said it would buy Hess Corporation in an all-stock transaction valued at $53 billion with a total enterprise value, including debt, at $60 billion. The Hess deal

bp’s quarterly results bring “quiet” Canadian interim CEO into spotlight after Looney's suprise resignation- oil and gas 360

bp’s quarterly results bring “quiet” Canadian interim CEO into spotlight after Looney’s suprise resignation

World Oil (Bloomberg) – Less than two months since Bernard Looney’s shock resignation, BP Plc is going into its first set of quarterly results without a permanent chief executive officer. In his place will stand Murray Auchincloss, the 53-year old Canadian interim CEO who was parachuted into the top job from the position of chief financial officer after Looney admitted he had

Argentina fuel pump crisis deepens as government threatens export halt- oil and gas 360

Argentina fuel pump crisis deepens as government threatens export halt

Nasdaq BUENOS AIRES – Argentina’s fuel crisis deepened on Monday as filling stations around Buenos Aires ran out of petrol and long queues formed elsewhere, while the government said it could halt exports to preserve supplies and oil sector workers threatened a strike. The South American country, a major shale oil and gas producer, has suffered shortages of petrol and

World Bank sees oil lower in 2024, but wider Middle East war could spike them- oil and gas 360

World Bank sees oil lower in 2024, but wider Middle East war could spike them

Nasdaq WASHINGTON – The World Bank said on Monday it expected global oil prices to average $90 a barrel in the fourth quarter and fall to an average of $81 in 2023 as slowing growth eases demand, but warned that an escalation of the latest Middle East conflict could spike prices significantly higher.   The World Bank’s latest Commodity Markets