May 6, 2024

ExxonMobil CEO sees Chevron arbitration over Hess purchase, assets offshore Guyana going into 2025

May 6, 2024

World Oil (Bloomberg) – Exxon Mobil Corp. Chief Executive Officer Darren Woods foresees arbitration with Chevron Corp. over a premier asset offshore Guyana stretching into 2025 due to the importance of the case to both companies. The companies still need to appoint a third arbitrator before they go into the discovery phase, Woods said during an interview on CNBC on

Exclusive-Colombia’s Ecopetrol exploring participation in offshore wind auction

May 6, 2024

U.S. News BOGOTA – Colombia’s majority state-owned energy company Ecopetrol is analyzing its potential direct participation in the Andean country’s first-ever offshore wind auction, the company said in a statement to Reuters. The government of President Gustavo Petro, Colombia’s first leftist leader, has said it wants to wean the Andean country from its dependence on fossil fuels while ensuring energy

US natgas flows to Freeport LNG in Texas rise to 2-month high – LSEG

May 6, 2024

BOE Report The amount of natural gas flowing to Freeport LNG’s export plant in Texas rose to a two-month high on Sunday in what energy traders said was another sign that the plant was wrapping up a series of outages over the past month or so. The startup and shutdown of Freeport and other U.S. liquefied natural gas (LNG) export

Oil demand likely to surprise to the upside

May 6, 2024

Oil Price Oil prices have recorded the biggest weekly decline in three months thanks in large part to challenging economic indicators and growing demand concerns. Last week, U.S. crude inventories posted an unexpected rise, with the American Petroleum Institute (API) reporting a build of 4.91 million barrels, a sharp contrast from the anticipated decrease of 1.1 million barrels. This build has come

OPEC+ to consider extending oil production cuts into next month

May 6, 2024

World Oil (Bloomberg) – The main question for OPEC+ when it meets next month is whether to continue its oil production cuts into the second half. But it may also need to tackle the longer-term issue of production capacity. OPEC and its allies are conducting a review of how much crude individual members are able to pump. According to JPMorgan

ExxonMobil CEO sees Chevron arbitration over Hess purchase, assets offshore Guyana going into 2025

Exclusive-Colombia’s Ecopetrol exploring participation in offshore wind auction

US natgas flows to Freeport LNG in Texas rise to 2-month high – LSEG

Oil demand likely to surprise to the upside

OPEC+ to consider extending oil production cuts into next month

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