April 26, 2024

Namibia’s oil potential could match Guyana following significant offshore discoveries, TotalEnergies CEO reports

April 26, 2024

World Oil (Bloomberg) – Namibia’s oil potential could one day match Guyana, where big discoveries have sparked an economic transformation and set the world’s biggest companies jostling for position. There’s a “big chunk of oil” in waters off Namibia, said Patrick Pouyanne, chief executive officer of TotalEnergies SE, which alongside several other companies has made significant discoveries in the African

Chevron exceeds Q2 expectations on strong oil production amidst ExxonMobil, Hess arbitration over Guyana

April 26, 2024

World Oil Publisher’s Note: Chevron Corp will present at EnerCom Denver- The Energy Investment Conference on August 18-21, 2024. Register to attend. (Bloomberg) – Chevron Corp. surpassed expectations for a second straight quarter as strong oil-production growth from recent acquisitions helped the company take advantage of crude prices above $80 a bbl. Adjusted first-quarter profit of $2.93 a share was

Exxon misses on Q1 profit despite big gains in Guyana

April 26, 2024

Yahoo Finance HOUSTON-Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. Latest results from oil and gas companies including Chevron and TotalEnergies reflect a sharp downturn in natural gas prices after a warmer than usual Northern Hemisphere winter cut demand

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count had a decrease of 6 this week, at 613

April 26, 2024

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 6 over last week, resulting in a total count of 613 rigs. Canada had a decrease of 9 over last week, resulting in a total Canadian count of 118 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Ardmore

Oil up on geopolitical tensions, gains curbed by fading fed rate cut hopes

April 26, 2024

Yahoo Finance HOUSTON -Oil prices edged up slightly on Friday, boosted by worries about geopolitical tensions but still under pressure from U.S. data showing inflation rose moderately in March, dampening hopes the Federal Reserve would cut interest rates soon. Brent crude futures were up 7 cents, or 0.08%, to $89.08 a barrel at 1109 ET (1509 GMT). U.S. West Texas

Namibia’s oil potential could match Guyana following significant offshore discoveries, TotalEnergies CEO reports

Chevron exceeds Q2 expectations on strong oil production amidst ExxonMobil, Hess arbitration over Guyana

Exxon misses on Q1 profit despite big gains in Guyana

U.S. rig count had a decrease of 6 this week, at 613

Oil up on geopolitical tensions, gains curbed by fading fed rate cut hopes

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