July 11, 2024

BREAKING NEWS: FTC to delay $53 billion Chevron-Hess deal until after ExxonMobil arbitration over assets offshore Guyana

July 11, 2024

World Oil (Bloomberg) – The U.S. Federal Trade Commission plans to delay its decision whether to block Chevron Corp.’s $53 billion takeover of Hess Corp. until after an arbitration case with Exxon Mobil Corp. is settled, according to people familiar with the matter. The case with Exxon, which claims to have a right of first refusal over Hess’s biggest asset

Canada Growth Fund invests in Strathcona’s oil sands carbon capture initiatives

July 11, 2024

Oil Price Strathcona Resources Ltd plans to develop up to US$1.5 billion (C$2 billion) carbon capture projects at its oil sands assets with the public investment vehicle Canada Growth Fund (CGF), the Canadian oil sands producer said in a statement. Strathcona announced a strategic partnership with CGF, which will help fund the development of carbon capture and sequestration (CCS) infrastructure on

Kurdish oil smuggling to Iran flourishes

July 11, 2024

Yahoo Finance ERBIL, Iraq – Heading for Turkey to the north and Iran to the east, hundreds of oil tankers snake each day from near Kurdistan’s capital Erbil, clogging the Iraqi region’s often winding and mountainous highways. The tankers are the most visible aspect of a massive operation to truck oil from the semi-autonomous region of Iraq to Iran and

U.S. solar and wind power generation tops nuclear for first time

July 11, 2024

Oil Price For the first time ever, U.S. electricity generation from utility-scale solar and wind exceeded nuclear power plants’ power output in the first half of 2024, according to data from energy think tank Ember quoted by Reuters columnist Gavin Maguire. Electricity generation from solar and wind hit a record-high of 401.4 terawatt hours (TWh) between January and June 2024, surpassing

IEA sees oil demand growth slowing as China’s share ebbs

July 11, 2024

BOE Report Global oil demand growth will slow to just under a million barrels per day (bpd) this year and next, the International Energy Agency (IEA) said, as Chinese consumption contracted in the second quarter due to economic problems. Global demand in the second quarter rose by 710,000 bpd year on year in its lowest quarterly increase in over a

Weekly Gas Storage: Inventories increase by 68 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 65 Bcf

July 11, 2024

Natural Gas Inventories as of July 5, 2024 The EIA has released its natural gas inventory report, showing a net increase of 65 Bcf as of July 5, 2024. Working gas in storage was 3,199 Bcf as of Friday, July 5, 2024, according to EIA estimates. This represents a net increase of 65 Bcf from the previous week. Stocks were

BREAKING NEWS: FTC to delay $53 billion Chevron-Hess deal until after ExxonMobil arbitration over assets offshore Guyana

Canada Growth Fund invests in Strathcona’s oil sands carbon capture initiatives

Kurdish oil smuggling to Iran flourishes

U.S. solar and wind power generation tops nuclear for first time

IEA sees oil demand growth slowing as China’s share ebbs

Weekly Gas Storage: Inventories increase by 65 Bcf

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