Monday, January 20, 2025
Europe’s new oil ally- oil and gas 360

Europe’s new oil ally

Oil and Gas 360 ExxonMobil announced yet another discovery in its coveted Stabroek block in Guyana. The Bluefin well encountered 197 feet of hydrocarbon-bearing sandstone in 4,244 feet of water, adding to Exxon’s growing list of over 30 oil discoveries in the Stabroek block since 2015. The latest announcement follows explosive growth in Guyana’s production, which benefitted from the early

CERAWEEK-Oil mergers, clean fuels vie for attention at Houston energy conference- oil and gas 360

CERAWEEK-Oil mergers, clean fuels vie for attention at Houston energy conference

Nasdaq HOUSTON – Top oil executives and ministers descend on Houston this week for one of the world’s biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large scale move to clean fuels. Global oil prices LCOc1 have remained in a range between $75 and $85 per barrel, a level fueling profits but not hurting economic

ExxonMobil has no interest in Hess purchase amidst Chevron dispute CEO says-oil and gas 360

ExxonMobil has “no interest” in Hess purchase amidst Chevron dispute, CEO says

World Oil (Bloomberg) – The boss of Exxon Mobil Corp. said Monday that it has no interest in buying Hess Corp. outright, despite taking Chevron Corp. to arbitration over its proposed $52 billion merger with the other company. “If we were interested in doing something with Hess, we wouldn’t have waited for Chevron” to sign its deal, Exxon Chief Executive

Saudi Aramco CEO says no peak in oil demand for some time to come- oil and gas 360

Saudi Aramco CEO says no peak in oil demand for some time to come

BOE Report Global oil demand will not peak for some time so policy makers need to ensure sufficient investment in oil and gas to meet consumption and abandon the fantasy of phasing out the fossil fuels, Saudi Aramco CEO Amin Nasser said on Monday. The head of the world’s largest energy company urged a re-set of global energy transition plans in remarks

House Republicans launch second probe into Biden’s LNG export ban- oil and gas 360

House Republicans launch second probe into Biden’s LNG export ban

World Oil (Bloomberg) – House Republicans have launched a second probe of the Biden administration’s move to pause liquefied natural gas (LNG) export approvals, questioning if election-year politics played a role in the decision. The House Committee on Oversight and Accountability is seeking a trove of documents and communications between the Energy Department and key federal agencies as well as

oil prices inch higher as attacks on Russian energy facilities intensify-oil and gas 360

Oil prices inch higher as attacks on Russian energy facilities intensify

CNBC Brent crude briefly topped $86 per barrel on Monday for the first time since November, before pulling back, as Ukraine stepped up its attacks on Russian energy infrastructure. Brent crude oil futures for May delivery were up 51 cents at $85.85 a barrel at 1333 GMT. The April contract for U.S. West Texas Intermediate (WTI) crude was up 62