investing – Oil & Gas 360

Executive Interview: Investing in oil and gas for long-term wealth creation with Troy Eckard, Founder and Chairman of Eckard Enterprises

December 10, 2024

(Oil & Gas 360) – Accredited investors with Eckard Enterprises are reaping the rewards of $110 million in cash flow distributions over the last four years from working and learning with Founder and Chairman Troy Eckard. With mineral rights and working interests in over seven thousand wells across some million and a half gross acres of reserves in the country’s

Banks haven’t lost their appetite for fossil fuels just yet

January 25, 2023

Oil Price Following the signing of the Paris Agreement by 193 states and the EU and after the COP27 climate summit in 2021, several major financial institutions came under fire for their continued support of fossil fuel companies. As governments worldwide introduce new climate policies and put pressure on oil and gas firms to improve operations and curb their carbon

Exxon joins major energy companies investing in Qatar gas project

June 22, 2022

World Oil (Bloomberg) — Exxon Mobil Corp. is investing in a $29 billion project to boost Qatar’s gas exports, joining others including ConocoPhillips, TotalEnergies and Eni SpA. The US oil giant will take a 6.25% stake in the North Field East project — the biggest in the gas industry — that’s expected to start operating in early 2026. The expansion

Out of tech, into energy: Trader predicts further market rotation after this chart signal

May 19, 2021

CNBC The rotation out of technology may be facing yet another catalyst. If energy’s outperformance persists, it could force more investors to rebalance their portfolio, leaving tech behind in favor of the former laggard, Miller Tabak’s Matt Maley told CNBC’s “Trading Nation” on Tuesday. Oil prices fell Wednesday to around $62 a barrel after hitting two-month highs in Tuesday’s trade. “If you get

Ditch new fossil fuel spending to reach net zero emissions – IEA

May 18, 2021

Reuters LONDON – Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, calling instead for a large expansion of renewable energy technologies. A global climate pact agreed in 2015 to cap the rise in temperatures to as close as

Column: Hedge fund buying switches from crude to fuels – Kemp

July 27, 2020

Reuters LONDON – Hedge funds continued buying oil last week, but the focus switched from crude to previously-neglected refined products, where cautious positioning and very low refinery margins may offer more upside potential. Hedge funds and other money managers purchased 28 million barrels in the six most important petroleum futures and options contracts in the week to July 21, adding

The-Impact-of-the-Covid-19-Crisis-on-the-European-Green-Deal-oilandgas360

Why COVID-19 could boost ESG

April 22, 2020

Financial Standard Oil and Gas Publishers Note: We are under unprecedented financial pressure in the energy markets, and we are seeing that ESG is playing a larger role than it ever has in history. Not only are investors looking at the ESG plans in place for corporations, the consumers are also reviewing external ESG messaging. The EnerCom Consulting Services group

Goldman Sachs to invest $750 billion in clean energy, ‘sustainable’ industries

December 16, 2019

Houston Chronicle WASHINGTON – The investment bank Goldman Sachs is committing to make available $750 billion over the next decade to invest in and finance cleaning up the energy industry, along with making farming more sustainable and reducing poverty, the company said Monday. In an op-ed in the Financial Times, Goldman CEO David Solomon wrote, “companies have traditionally treated sustainability

How Techstars’ Founder Turned a $50-Thousand Ubercab investment into $250 Million

May 24, 2019

From BusinessDen Boulder’s David Cohen invested $50,000 in 2009 in what was then called “Ubercab.” This month, Uber went public at $45 per share, making that initial investment worth $248.3 million, according to analysis by The Wall Street Journal. Why he invested in Ubercab Cohen said he invested in Uber after meeting Ryan Graves, one of the company’s first employees, while Graves

Total and Aramco will Build a $9 Billion Petrochem Complex Next Door to SATORP Refinery

April 11, 2018

Saudi Aramco and Total (ticker: TOT) have signed a memorandum of understanding to build a giant petrochemical complex in Jubail, Saudi Arabia. Located next to the SATORP refinery in the same industrial area, the complex will comprise a mixed-feed steam cracker (50% ethane and refinery off-gas) with a capacity of 1.5 million tons per year of ethylene and related high-added-value

Energen Approaches 100 MBOEPD

February 20, 2018

Energen Corporation (ticker: EGN) released financial and operating results for the fourth quarter and calendar year ended December 31, 2017. “Over the last five years, the board and management have strategically divested non-core assets and transformed Energen into a low-cost Permian pure-pay with a strong foundation for profitable growth,” said CEO James McManus. “We begin 2018 with a portfolio of

Challenges for Western Canada Heavy Oil Point to Continued Export to U.S. Gulf Coast

November 28, 2017

IHS Markit has released a new study called, “A New Look: Extracting Value from the Canadian Oil Sands.” The report presents a post-oil price collapse update to a 2013 analysis on the economics of processing heavy oil in Alberta and other select jurisdictions. Bitumen-related problems: too heavy for pipelines Bitumen is the extra-heavy oil found in the oil sands. Making

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