360 Feed Wire
Bogota, Colombia – November 12, 2020 – GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil …
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.3 million barrels from the previous week. At 488.7 million barrels, U.S. crude oil …
If you have listened to any of the recent M&A investor calls, you will notice two main themes that management highlights as reasons that make these deals attractive to investors: ESG commitments and cost savings from ‘synergies’. A few examples
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 8 million barrels from the previous week. At 484.4 million barrels, U.S. crude oil …
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.3 million barrels from the previous week. At 492.4 million barrels, U.S. crude oil …
S&P
Oil & Gas 360 Publishers Note: Saudi Arabia’s Aramco seems to be on the right track for success when compared to the other major oil companies.
Dubai — Saudi Arabia’s Aramco Trading Co. is on track to hit 6 …
S&P
Dubai — Libya’s state-owned National Oil Corp. said Oct. 26 it lifted force majeure on the 70,000 b/d El Feel, or Elephant, oil field as the OPEC producer seeks to almost double output to over 1 million b/d within …
LONDON – Libya’s oil sector, shattered by unrest since the toppling of long-time leader Muammar Gaddafi in 2011, is back on the rise.
The easing of a blockade by eastern forces, which had cut output by more than 90%
Libya’s daily oil production has risen to around 500,000 barrels, according to people familiar with the situation, as the war-battered nation restarts its energy industry after a truce.
Sharara, the country’s biggest oil field, is pumping roughly 110,000 …
OAG360 Publishers: ConocoPhillips looks to hop in on the M&A action with the acquiring Midland, TX based Concho Resources. Any low premium – all stock deal would be a steal for $COP with $CXO shareholders taking it in the shorts. …
247Wallst
Oil & Gas 360 Publishers Note: I applaud Duke Energy for setting these aggressive ESG goals, and hope they meet and exceed them. We have been seeing many different reports about the amount of renewable energy waste, and un-recyclable …
DUBAI/RIYADH – The slump in demand for crude during the coronavirus pandemic has forced oil companies to contemplate the possibility that the fossil fuel market has peaked and the time for a global energy transition has come.
But Saudi …
Royal Dutch Shell
LONDON – OPEC oil output has risen for a third month in September, a Reuters survey found, as a restart of some Libyan installations and higher Iranian exports offset strong adherence by other members to an OPEC-led supply cut …
Oil & Gas 360 Publishers Note: We have been seeing on the 360 News Desk, “No ESG – No Access to Capital”. This article brings up exactly what we are seeing in the market. There is also the …
A week after British oil and gas giant BP announced its plan to transition from mainly an oil operator into a clean-energy giant, the company saw its share price drop to a 25-year low.
BP’s shares in London on …
Australia plans to invest A$18 billion ($13 billion) over the next 10 years in technologies to cut carbon emissions in the fight against climate change, the country’s energy minister said on Monday.
The technology investment roadmap is the latest …
Oil & Gas Publishers Note: This contract termination falls right in line with BP’s plans to morph into a renewable energy company. We covered this on our “BP Week Podcast Series”. This change is also being followed by …
Oil & Gas 360 Publishers Note: Nice article written by Hazel Bradford covering ESG investing and the U.S. and EU/U.K. differences and similarities. What is not covered is some specifics about the energy sector. Large power, oil, …
Offshore Energy
If Turkey develops the giant Tuna-1 (Danube-1) gas discovery, it could potentially save the country up to $21 billion in import costs, Rystad Energy estimates.
Oil & Gas 360 Publishers Note Key takeaway: “The prospect of a new …
Rystad Energy
It’s been a long and costly two decades of carbon capture and storage (CCS) studies and test centers. Now Europe has reached a stage where big-scale developments make financial sense and could trigger up to $35 billion in …
Oil & Gas 360 Publishers Note: Interesting discussion points around the green movement and being good stewards of our planet. With the batteries being charged from grid power plants, and the precious metals required to manufacture the batteries, there …
U.S. energy giant ExxonMobil is assessing whether to cut jobs worldwide after announcing a voluntary lay-off programme in Australia.
Namely, ExxonMobil said on Wednesday that it started a voluntary redundancy program for its Australian employees.
The company added …
Rystad Energy
Oil & Gas 360 Publishers Note: Rystad is a great resource for world energy information. There are some great nuggets in this article. However, in this conclusion I do not agree. Check out our live daily show: Energy …
Oil & Gas
Following a series of changes in its management team, Saudi Aramco has appointed a new CEO for its investment arm, Bloomberg reported, citing anonymous sources.
Mahdi Aladal, who previously headed Aramco’s base oils and lubricants division, …
Oil & Gas 360 Publishers Note: ESG is one of the most single important business issue around the globe, inclusive for all markets. I wrote an article last week, “Contrary to the news or public …
Argus
Houston, 27 August (Argus) — Industries from Beaumont, Texas, to Lake Charles, Louisiana, are assessing damage and beginning recovery from Hurricane Laura today, the most powerful hurricane on record to hit the region.
The storm came ashore near Cameron, …
The Covid-19 pandemic has added severe financial strain on a North American upstream industry that was already reeling under …
Saudi Aramco – 360 Feed Wire
Integrating the climate change challenge with the circular carbon economy
Riyadh — At a gathering of energy leaders in February, Saudi Arabia called on global cooperation for the rapid scale up of carbon capture …
Oil and Gas Publishers Note: The low cost of kWh to all of the African people regardless of income or country. Some countries and major energy companies are poised to take advantage of the African people. Gaining control …
