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November 7, 2022

Report: Recession to bite global oil demand worse than IEA, OPEC predict- oil and gas 360

Report: Recession to bite global oil demand worse than IEA, OPEC predict

November 7, 2022

World Oil (WO) – Global oil demand in 2023 will grow about a million barrels per day lower than organizations such as the International Energy Agency (IEA) and OPEC have forecast, according to a new report from Enverus Intelligence Research (EIR). The EIR report looks at near-term global oil demand, correlations between gross domestic product (GDP) and oil demand, and

HighPeak Energy, Inc. announces pricing of $225 million private placement of senior unsecured notes due November 2024- oil and gas 360

HighPeak Energy, Inc. announces pricing of $225 million private placement of senior unsecured notes due November 2024

November 7, 2022

Oil and Gas 360 FORT WORTH, Texas, Nov. 04, 2022 (GLOBE NEWSWIRE) — HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced the pricing of a private placement of $225 million principal amount of 10.625% senior unsecured notes due 2024 (the “Notes”). The offering is expected to close on or about November 10, 2022, subject to customary closing

Exxon faces $2 bln loss on sale of troubled California oil properties- oil and gas 360

Exxon faces $2 bln loss on sale of troubled California oil properties

November 7, 2022

BOE Report Exxon Mobil Corp will take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled since a 2015 pipeline spill   The sale comes after a failed bid this year to restart production at the site and as Exxon culls poor performing businesses. Santa Barbara

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