The FTC could announce the decision as soon as this week, Reuters reported, citing people familiar with the matter. Chevron would still need to win an arbitration case filed by Exxon Mobil Corp. in order to close the deal. Hess’ biggest asset is a stake in a huge oil field offshore Guyana, controlled by ExxonMobil....Continue Reading

While the storm is expected to strike the northeastern part of the Gulf, it has had an impact on some energy operations. Shell Plc shut the Appomattox and Stones oil facilities and evacuated non-essential personnel from assets in the Mars corridor, according to a company statement. Chevron Corp. also removed some crews from offshore installations....Continue Reading

U.S. Uses Two Key Strategies To Keep Iran from Escalating Attacks on Israel | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Sep 23, 2024, 5:00 PM...Continue Reading

From Rags to Riches: Guyana’s Meteoric Rise as a Petrostate | OilPrice.com Matthew Smith Matthew Smith is Oilprice.com’s Latin-America correspondent. Matthew is a veteran investor and investment management professional. He obtained a Master of Law degree and is currently located… More Info Premium Content By Matthew Smith – Sep 23, 2024, 4:00 PM CDT Guyana’s oil...Continue Reading

Oil Price Slide Eases as Tropical Cyclone Looms over Gulf of Mexico | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Related News By Tom Kool – Sep 23, 2024, 3:20 PM CDT Shell, Chevron, and Norway’s Equinor have all begun...Continue Reading

U.S. LNG Permit Freeze Sparks Export Boom in Canada and Mexico | OilPrice.com Haley Zaremba Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the… More Info Premium Content By Haley Zaremba – Sep 23, 2024, 3:00 PM CDT The...Continue Reading

On Sept. 19, the Board of Directors of ANCAP, the Uruguayan state-owned oil company with regulatory responsibility for offshore licenses, approved Challenger Energy’s farmout agreement for the AREA OFF-1 license with Chevron. The original deal was announced on March 6. SourceContinue Reading

A Norwegian Offshore Directorate analysis of exploration activity from 2004-2023 shows that the discoveries are valued at three times the costs expended. 50 of 190 offshore discoveries have been developed and are producing, leaving three-quarters still to be developed. These investments will remain profitable as more fields come on stream. SourceContinue Reading

The commercial agreements amend the existing ACG production sharing agreement (PSA) framework, enabling the parties to progress the exploration, appraisal, development and production from the gas reservoirs of the ACG field. ACG non-associated gas resources are believed to be significant, with up to 4 Tcf (ca. 112 Bcm) in place. SourceContinue Reading

Three Mile Island Nuke to Reopen with Microsoft Contract | OilPrice.com Leonard Hyman & William Tilles Leonard S. Hyman is an economist and financial analyst specializing in the energy sector. He headed utility equity research at a major brokerage house and… More Info Premium Content By Leonard Hyman & William Tilles – Sep 23, 2024,...Continue Reading