Friday, January 31, 2025
Exclusive-Occidental explores $20 billion-plus sale of Western Midstream, sources say- oil and gas 360

Exclusive-Occidental explores $20 billion-plus sale of Western Midstream, sources say

Yahoo Finance Occidental Petroleum is exploring a sale of Western Midstream Partners, a U.S. natural gas-focused pipeline operator that has a market value of close to $20 billion, including debt, according to people familiar with the matter. Western Midstream shares rose 10% to $32.12 in afternoon trading in New York on Tuesday. The divestment would help Occidental, which is backed

Global oil demand hit another monthly record in December- oil and gas 360

Global oil demand hit another monthly record in December

Oil Price Global oil demand rose by more than 500,000 barrels per day (bpd) in December from November, for the eighth monthly record in 2023, the latest data by the Joint Organizations Data Initiative (JODI) showed on Tuesday. Rising demand in Asia more than offset declines in the United States and Europe in the last month of 2023, said JODI, which collects

CenterPoint to sell Louisiana, Mississippi natgas assets for $1.2 bln- oil and gas 360

CenterPoint to sell Louisiana, Mississippi natgas assets for $1.2 bln

Yahoo Finance Transaction valuation represents approximately 32 multiple of 2023 Louisiana and Mississippi Local Distribution (LDC) earnings Sale will enable company to efficiently recycle approximately $1 billion in anticipated after-tax cash proceeds to support industry-leading capital plan Transaction also enables CenterPoint to reprioritize future capital investments related to those assets of approximately $1 billion elsewhere across its regulated Electric and

Saudi Aramco: 6 million bpd of global oil production is being lost every year- oil and gas 360

Saudi Aramco: 6 million bpd of global oil production is being lost every year

Oil Price Global oil supply is sufficient now, but natural declines at oilfields mean that the world would need to find a Saudi Arabia every two years to offset these production drops, Saudi Aramco’s chief financial officer Ziad Al-Murshed has said. Due to the natural decline in operating fields, as many as 6 million barrels per day (bpd) of global

Guyana President calls for “immediate” development of natural gas resources- oil and gas 360

Guyana President calls for “immediate” development of natural gas resources

World Oil (Bloomberg) – Guyana President Irfaan Ali called for the “immediate” development of its natural gas resources to make the South American country a regional energy powerhouse on top of its rapidly-growing oil exports. The government is requesting that companies propose strategies to produce more natural gas, Ali said at the Guyana Energy Conference & Supply Chain Expo in

Hydrogen Pipeline Infrastructure: Assessing Readiness with TOGC 2024- oil and gas 360

Transportation Oil Gas Congress 2024 on February 19-20, 2024 in Milan, Italy

Oil and Gas 360 CO2 Debates: Steering the Course to a Low-Carbon Economy with Efficient CO2 Transportation As the world grapples with the escalating climate crisis, the urgent need to transition to a low-carbon economy has never been more pronounced. Central to this transition is the role of CO2 transportation, a topic that will take centre stage at the upcoming