Friday, December 20, 2024
Activist investor Elliott buys $1-billion stake in U.S. refiner Phillips 66- oil and gas 360

Activist investor Elliott buys $1-billion stake in U.S. refiner Phillips 66

Oil Price Elliott Investment Management, an activist investment group, said on Wednesday it had amassed a $1-billion stake in one of the largest U.S. refiners, Phillips 66, and expressed dissatisfaction with the company’s underperformance in recent years.   Apart from disclosing its $1 billion investment in Phillips 66, the activist investment firm sent a letter to the Board of Directors of Phillips

Cheniere and Foran Energy Group sign long-term LNG sale and purchase agreement-oil and gas 360

Cheniere and Foran Energy Group sign long-term LNG sale and purchase agreement

Oil and Gas 360 20-Year SPA is First Contract Expected to Support Second Train of Sabine Pass Expansion Project HOUSTON–(BUSINESS WIRE)– Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that Cheniere’s subsidiary, Cheniere Marketing, LLC (“Cheniere Marketing”), has entered into a long-term liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with Foran Energy Group Co.

COP28 president denies reports of plans to use climate Summit to push oil deals- oil and gas 360- oil and gas 360

COP28 president denies reports of plans to use climate Summit to push oil deals

Oil Price COP28 President Sultan Al Jaber, who is also group CEO of the Abu Dhabi National Oil Company (ADNOC), denied on Wednesday reports of plans to use the climate summit in Dubai for pushing oil deals. Al Jaber’s presidency of COP28 has stirred controversy in recent months. He is the first CEO designated to be president of any climate summit so

API: U.S. energy leadership strengthens national security, advances innovation- oi and gas 360

API: U.S. energy leadership strengthens national security, advances innovation

World Oil WASHINGTON, November 29, 2023 – American Petroleum Institute (API) Executive Vice President and Chief Advocacy Officer Amanda Eversole testified before a U.S. House Committee on Energy and Commerce subcommittee, highlighting the critical role of American energy leadership in strengthening national security, supporting economic prosperity and advancing innovation to accelerate climate progress. “America’s vast energy resources are the foundation

Oil gains ahead of OPEC+ meeting as Black Sea shutdowns provide support- oil and gas 360

Oil gains ahead of OPEC+ meeting as Black Sea shutdowns provide support

Yahoo Finance LONDON – Oil prices rose on Wednesday as investors turned their attention to an OPEC+ meeting to decide on output policy, while supply disruption caused by a storm in the Black Sea combined with lower U.S. inventories to drive buying. Brent crude futures were up 61 cents, or 0.8%, to $82.29 a barrel at 1447 GMT. U.S. West

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories increase by 1.6 million barrels

Weekly Crude Oil Storage as of November 24, 2023     U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 16 million barrels from the previous week.  At 449.7 million barrels, U.S. crude oil inventories are slightly above the five year average for this time of year, according to the EIA crude oil and petroleum