March 12, 2024

Talos Energy increases 2024 production predictions early following $1.3 billion QuarterNorth Energy acquisition

March 12, 2024

World Oil (WO) – Talos Energy Inc. provided updated 2024 operational guidance to reflect the closing of the QuarterNorth Energy Inc. acquisition earlier than expected. For the full year 2024, Talos expects average daily production between 89,000 and 95,000 boed, an increase from the previous guidance of between 87,000 and 93, 000 boed. This updated guidance includes approximately ten months of QuarterNorth

Shell considers slowing its carbon emissions cuts

March 12, 2024

Yahoo Finance UK-based supermajor Shell has been updating its strategy on climate targets and could announce a slower pace of its emissions reductions later this week, anonymous sources with knowledge of the discussions have told Bloomberg. Shell is set to announce an update to its energy transition strategy on Thursday, March 14. The oil and gas major has been considering slowing

Big oil pursues African expansion despite challenges

March 12, 2024

Oil Price Investments in new oil production have been stalling since about 2014. This has led many to suggest that higher prices for longer are on the cards, supported by anti-oil industry energy policies in key jurisdictions that are home to the largest private producers. Yet a case might be made that although lower, the oil industry’s investments over the

Nord Stream sues insurers in London over 2022 pipeline blasts

March 12, 2024

Nasdaq LONDON – Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in 2022 which ruptured pipelines designed to transport Russian gas to Germany, court filings show. Nord Stream AG names Lloyd’s Insurance Company and Arch Insurance (EU) DAC ACGL.O as defendants in its lawsuit, which was filed at London’s High Court last month. Switzerland-based Nord

Venezuela rushes to mend Iran relationship as US sanctions loom

March 12, 2024

Yahoo News PUNTO FIJO/CARACAS/HOUSTON – Iran and Venezuela are trying to patch together an oil alliance that began to fray last year, according to six people familiar with the matter, after the South American country fell behind on oil swaps that had boosted crude exports and helped stem domestic fuel shortages. The expected April return of U.S. sanctions on Venezuela’s

OPEC sticks to oil demand view, nudges up economic growth

March 12, 2024

Nasdaq LONDON – OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, and further raised its economic growth forecast for this year saying there was more room for improvement. The Organization of the Petroleum Exporting Countries said in a monthly report that world oil demand will rise by 2.25 million

Talos Energy increases 2024 production predictions early following $1.3 billion QuarterNorth Energy acquisition

Shell considers slowing its carbon emissions cuts

Big oil pursues African expansion despite challenges

Nord Stream sues insurers in London over 2022 pipeline blasts

Venezuela rushes to mend Iran relationship as US sanctions loom

OPEC sticks to oil demand view, nudges up economic growth

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