Hints and tips:
Related Special Reports
...Vincent Clerc, Maersk’s chief executive, told the Financial Times on Thursday that the closure of the Red Sea to most container shipping after a series of attacks from Yemen’s Houthi militants was “brutal...
...Top oil industry executives have hit out at US President Joe Biden’s decision to pause approvals for new liquefied natural gas export terminals, with Shell’s CEO warning it will “erode confidence” in an...
...Texas, the leading US oil-producing state, has declared Climate Action 100+ to be anti-oil and blocked financial companies, including BlackRock, from doing business with the government....
...Chevron’s proposed deal would hand it control of 30 per cent of the Stabroek Block, one of the largest offshore oil discoveries in decades. Exxon owns 45 per cent of the oil block off Guyana’s coast....
...(Just inside the suite’s door hangs a reproduction of his oil sketch “Vestibule in the Asylum”, made in the hospital in Saint-Rémy to which he was admitted a year before his suicide.)...
...Access to some of Guyana’s 11bn barrels of offshore oil was a key rationale for Chevron’s acquisition of Hess announced last year....
...In securities filings this week, US oil company Chevron disclosed a potential hang-up for its pending $53bn all-stock acquisition of smaller rival, Hess Corporation....
...It is expected to generate 110,000 barrels of oil per day for Hess and has 11bn barrels of recoverable deposits overall. The project is already enriching impoverished Guyana....
...The dispute between the two US oil supermajors has dominated discussions both on and offstage at CERAWeek, an annual gathering of the biggest names in the oil and gas industry....
...Those arguing that higher oil prices are ahead often point in evidence to a chronic lack of investment in oil exploration of late....
...of a stake in a Guyana oil project that is central to the deal....
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...Brent Berg, president and chief executive of Rare Element Resources, a minerals company, will join Uranium Energy Corp, a North American uranium company, as senior vice-president of US operations....
...His total pay was 199 times that of the median Exxon employee and the largest since he took the helm of the oil major in 2017....
...It comes amid a broader surge in merger and acquisition activity in the US oil and gas industry, as companies place bets on the future of the energy mix and appetite dwindles to build new pipelines amid...
...America’s oil supermajors increased output sharply in their own backyard in 2023, pursuing a strategy of doubling down on oil and gas that has prompted blowback over their commitment to cutting emissions...
...In addition to the drone strikes overnight, two armed militia units based in Ukraine and backed by Kyiv — the Russian Volunteer Corps and Free Russia Legion — made incursions from Ukraine into the Belgorod...
...Iran’s economy is predominantly state run and reliant on crude oil revenues....
...That left Chevron well positioned when oil prices jumped following Russia’s full-scale invasion of Ukraine in 2022....
...Oxy says it can break even with oil at $40 a barrel. Without cost cuts this is a slightly pricey deal....
...“Continuing regulatory challenges” in California will contribute to a non-cash charge of $3.5bn to $4bn, the oil company said, reflecting a write down in the value of its US upstream oil and gas assets,...
...Guyanese President Irfaan Ali met his Venezuelan counterpart, Nicolás Maduro, in St Vincent and the Grenadines on Thursday, following threats from Caracas that it may annex the oil-and-mineral-rich region...
...Most of the deals to date have been oil-focused....
...But an ill-timed move into oil ultimately led to its bankruptcy when the Covid-19 pandemic crushed fuel demand in 2020....
...In its first year, the deal is expected to generate $1bn in free cash flow — based on the benchmark US oil price remaining at $70 a barrel — plus about 170,000 barrels of oil equivalent a day....
International Edition