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May 10, 2022

Canada's Suncor says operations improving, will talk with activist firm- oil and gas 360

Canada’s Suncor says operations improving, will talk with activist firm

May 10, 2022

Yahoo Canadian oil and gas producer Suncor Energy, which is under pressure from an activist investor firm, on Tuesday said it is making progress on safety and operational improvements after posting stronger-than-expected first-quarter results. Elliott Management last month publicly called for new board directors, a management overhaul and a strategic review at Suncor, arguing its shares have lagged oil and

Equinor raises $1 billion selling North Sea fields as oil surges- oil and gas 360

Equinor raises $1 billion selling North Sea fields as oil surges

May 10, 2022

World Oil (Bloomberg) — Equinor ASA sold assets in the North Sea for $1 billion as it seeks to benefit from high oil prices and redirect proceeds to other core businesses. Norway’s largest energy company offloaded its entire share in the Greater Ekofisk Area and a 19% stake in the Martin Linge field to Sval Energi, Equinor said in a statement Tuesday.

Deals shifting oil, gas assets away from climate committed firms on the rise, report says- oil and gas 360

Deals shifting oil, gas assets away from climate committed firms on the rise, report says

May 10, 2022

Nasdaq LONDON – Deals in which oil and gas assets move from companies with climate goals to companies without such goals are on the rise, according to a study by the U.S. non-governmental organisation Environmental Defense Fund.   A company shifting polluting assets from its balance sheet by selling them can claim a better climate scorecard, but if assets land

Exclusive: U.S. asked Brazil's Petrobras if it could raise oil output; it said no- oil and gas 360

Exclusive: U.S. asked Brazil’s Petrobras if it could raise oil output; it said no

May 10, 2022

Reuters U.S. government officials in March asked Brazil’s state-run oil company Petrobras whether it could increase crude output after Russia’s invasion of Ukraine sent global prices soaring, three people with knowledge of the matter told Reuters. They came away empty-handed, the sources said. Officials at Petrobras, formally Petroleo Brasileiro SA, said output levels were a function of business strategy rather than diplomacy and also

OTC 2022: Conference demonstrated recovery from pandemic, showcased the “Energy Evolution- oil and gas 360

OTC 2022: Conference demonstrated recovery from pandemic, showcased the “Energy Evolution

May 10, 2022

World Oil Last week, offshore energy professionals from around the world convened at the 2022 Offshore Technology Conference (OTC) at NRG Park to discuss the latest advancements in the offshore oil and gas industry, while touting the role that the offshore energy industry plays within the energy transition. Experts representing diverse offshore technologies provided key insights on how their projects

U.S. retail gasoline prices hit new record, as refiners struggle to meet demand- oil and gas 360

U.S. retail gasoline prices hit new record, as refiners struggle to meet demand

May 10, 2022

Nasdaq Retail gasoline prices in the United States rose on Tuesday and hit another all-time record, surpassing one set in March, as global refineries grappled with a bottleneck that has sent prices soaring ahead of driving season. The average cost of a retail gallon of gasoline hit $4.374 early Tuesday, according to the American Automobile Association, surpassing the former record of $4.331.

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