Saturday, November 23, 2024
Chevron to take up to $4 billion in charges in Q4- oil and gas 360

Chevron to take up to $4 billion in charges in Q4

Nasdaq Jan 2 (Reuters) – Chevron CVX.N said on Tuesday it would take non-cash writedowns on U.S. oil and gas production, primarily in California, and for securing abandoned wells and pipelines in the U.S. Gulf of Mexico that had been previously sold. The U.S. oil major expects to take non-cash, after-tax charges of between $3.5 billion and $4 billion in its fourth quarter 2023

Diversified closes value enhancing asset sale- oil and gas 360

Diversified closes value enhancing asset sale

Oil and Gas 360 BIRMINGHAM, AL / ACCESSWIRE / January 2, 2024 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) is pleased to announce that it has closed an innovative transaction (the “Transaction”) that has allowed the Company to unlock additional value from its current asset base at an attractive multiple while further enhancing liquidity and reducing leverage. In summary, the Transaction consisted

Oil prices fall as economic headwinds offset worries about Red Sea- oil and gas 360

Oil prices fall as economic headwinds offset worries about Red Sea

Yahoo Finance HOUSTON (Reuters) -Oil prices dipped during the first session of 2024, with economic headwinds from interest rate jitters unraveling gains from worries that tensions in the Red Sea could disrupt supplies. Brent crude was down 62 cents, or 0.8%, to $76.42 a barrel at 12:01 p.m. ET (17:01 GMT). U.S. West Texas Intermediate crude was down 72 cents,

OPEC+ set to hold monitoring meeting in early February- oil and gas 360

OPEC+ set to hold monitoring meeting in early February

Nasdaq LONDON/DUBAI, Jan 2 (Reuters) – OPEC+ plans to hold a meeting of its Joint Ministerial Monitoring Committee (JMMC) in early February, though an exact has not been decided, three sources from the alliance said. OPEC+, which comprises the Organization of the Petroleum Exporting Countries and allies led by Russia, usually holds such meetings every two months to monitor the implementation of

Ecuador’s NOC declares force majeure after indigenous protests- oil and gas 360

Ecuador’s NOC declares force majeure after indigenous protests

Oil Price Ecuador’s state-run oil company, Petroecuador, has declared force majeure on three more oil blocks due to protests by the indigenous Kichwa community, just days after doing the same for another block. The three blocks were jointly producing a total of about 142,000 barrels of oil equivalent before production fell to about 122,500 on Monday. The indigenous community has accused the company

Russia begins production from Arctic LNG 2 project despite U.S. sanctions- oil and gas 360

Russia begins production from Arctic LNG 2 project despite U.S. sanctions

World Oil (Bloomberg) – Russia’s biggest liquefied natural gas (LNG) producer began production at its Arctic LNG 2 project — despite U.S. sanctions — in a move that could provide some relief to the tight global market for the fuel. The first train of the Novatek PJSC-led Arctic LNG 2 project “has actually started operating,” Russia’s Deputy Prime Minister Alexander