ExxonMobil's recent move to file for arbitration over its rights to Hess's Guyana oil and gas assets has injected complexity into Chevron's $53 billion acquisition of Hess Corp.
March 10, 2024
In a dramatic twist, ExxonMobil has thrown down the gauntlet against Chevron's $53B acquisition of Hess Corp, specifically challenging the terms related to a 30% stake in a significant Guyana oil block.
March 02, 2024
In response to the largest wildfire in Texas history, the Texas oil and gas sector faces potential disruptions, prompting industry players to enact emergency measures.
March 02, 2024
The key is to be proactive, not reactive, in addressing future problems as former General Electric CEO Jack Welch aptly stated, 'If the rate of change on the outside exceeds the rate of change on the inside, the end is near.
February 25, 2024
Amid the intricate web of OPEC+ activities, the question arises: are OPEC+ members disregarding the 2024 production cuts?
February 24, 2024
A recent survey conducted by S&P Global Platts has revealed that oil production within the OPEC+ group experienced the most significant drop in six months during Jan.
February 11, 2024
Norway's oil dynamics are undergoing pivotal changes, marked by unexpected projections for the decline of Europe's top oil field, Johan Sverdrup, and Equinor's commitment to stable production up to 2035.
February 11, 2024
Guyana is on track to produce 1.2MM b/d by 2027, according to Minister of Natural Resources Vickram Bharrat.
February 11, 2024
Brazilian state oil and gas company, Petrobras, is engaged in discussions with national oil companies (NOCs) from the Middle East, China, and India for potential collaboration in energy projects, according to CEO Jean Paul Prates.
February 11, 2024
The Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ group, during its recent videoconference meeting, refrained from recommending changes to crude oil production levels, affirming the current voluntary cuts of 2.2MM b/d.
February 04, 2024
