Tuesday, March 4, 2025
U.S.-style oil megadeals “possible” in Canada following historic ExxonMobil, Chevron takeovers- oil and gas 360

U.S.-style oil megadeals “possible” in Canada following historic ExxonMobil, Chevron takeovers

World Oil (Bloomberg) – A U.S.-style megadeal is possible in Canada’s oil patch, though the pressures that pushed Exxon Mobil Corp. and Chevron Corp. to pursue large takeovers aren’t as strong north of the border, says Bank of Montreal’s top energy banker. Investors would likely support mergers between major Canadian energy producers that increased scale and improved cost efficiencies —

US Gulf Coast heavy crude oil prices firm as supplies tighten- oil and gas 360

US Gulf Coast heavy crude oil prices firm as supplies tighten

Yahoo Finance HOUSTON – Prices for heavier crude oil along the U.S. Gulf Coast have climbed in recent weeks, trading at a rare near-par with lighter oil, a sign of supply tightness that could add to rising gasoline prices. Refineries along the Gulf Coast, which account for more than 55% of total U.S. refining capacity, are geared to run medium

Chevron leaves Myanmar- oil and gas 360

Chevron leaves Myanmar

Oil Price U.S. supermajor Chevron has quit operations in Myanmar by transferring its stake in a natural gas field and an associated pipeline to its former partners in the ventures, after pledging to leave the Southeast Asian country following a military coup in 2021. “The withdrawal gives effect to our intention to exit Myanmar in a controlled and orderly manner,

U.S.-listed international oil and gas companies benefit from “friendlier” investor base former Shell CEO says- oil and gas 360

U.S.-listed international oil and gas companies benefit from “friendlier” investor base, former Shell CEO says

World Oil (Bloomberg) – International oil companies listed in the U.S. benefit from higher multiples, greater access to capital and a friendlier investor base, according to Shell Plc’s former chief executive officer. “It’s a major issue,” Ben van Beurden said when discussing the valuation gap between European and North American oil and gas players at the FT Commodities Global Summit

Risks From China's Demographic Crisis- Why China's long-term economic outlook is complicated by an aging population and shrinking labor force- oil and gas 360

Risks From China’s Demographic Crisis- Why China’s long-term economic outlook is complicated by an aging population and shrinking labor force

Oil and Gas 360 Energy Shots (Mobius Risk Group): Why China’s long-term economic outlook is complicated by an aging population and shrinking labor force. Summary: Long-Term Growth Handicapped by Aging Population: China’s hopes to become a high-income developed country must reconcile an aging population and a shrinking working class. The country’s infamous “one-child” policy from 1980-2015 created a demographic crisis

oil prices ease slightly eyes on talks for Gaza ceasefire- oil and gas 360

Oil prices ease slightly, eyes on talks for Gaza ceasefire

Yahoo Finance HOUSTON – Oil prices dipped for a second straight day on Tuesday, as talks for a ceasefire in Gaza continued, but losses were limited to less than a dollar a barrel as Egyptian and Qatari mediators met resistance in their search to find a way out of the war. The talks in Cairo, also attended by the director