Exxon Mobil to Sell Vaca Muerta Assets in Argentina to Pluspetrol
Wedoany.com Report-Nov 1, U.S. energy giant Exxon Mobil has agreed on the terms and conditions to sell its oil and gas assets in Argentinas Vaca Muerta Shale formation to Pluspetrol, a source at Exxon...
Spain Shelves Energy Windfall Tax, Plans to Extend Bank Levy to 2027
Wedoany.com Report-Nov 1,Spain’s governing Socialist party reached an agreement with partners in parliament to extend a windfall tax on banks for three more years. Plans for a similar levy on en...
Big Oil Sees Brazil Becoming Major Global Hub for Clean Jet Fuel
Wedoany.com Report-Nov 1, A global push to decarbonize air travel has groups from Big Oil to sovereign wealth funds betting on Brazil to become a top global center for green jet fuel. Brazil is becomi...
US Oil Production Hits Another Record, Adding to Supply Worries
Wedoany.com Report-Nov 1, US oil production jumped to a fresh monthly record of 13.4 million barrels a day in August, in what is likely to make OPEC’s decision on whether to return supplies to t...
Oil Was Written Off. Now It’s the Most Productive US Industry
Wedoany.com Report-Nov 1, Conventional wisdom called for drilling four wells into the ground and then horizontally to access layers of oil-soaked rock, a technical feat perfected by the US shale indus...
TotalEnergies Q3 Income Hits Three-year Low
Wedoany.com Report-Oct 31 ,French oil major TotalEnergies reported third-quarter adjusted net income at a three-year low of $4.1 billion on Thursday, slightly missing expectations as refining margins ...
Exxon Sells Vaca Muerta Assets
Exxon has struck a deal with Argentinian Pluspetrol for the sale of the supermajor’s assets in the Vaca Muerta shale play. Reuters reported, citing an unnamed source with the supermajor, that Ex...
Shell Q3 Profits Of $6 Billion Beat Forecast As Gas Offsets Weak Refining
Wedoany.com Report-Oct 31 , Shell reported on Thursday third quarter profits of $6 billion that exceeded forecast by 12% as weaker refining and oil trading results were offset by higher gas sales. She...
Natural Gas and Oil Forecast: Will OPEC+ Hold Production to Meet Rising Demand?
Wedoany.com Report-Oct 30 , Natural gas and oil prices climbed on Thursday, buoyed by strong U.S. fuel demand and the prospect of supply adjustments from OPEC+. Unexpected drops in U.S. gasoline and c...
Dubai’s DIFC Suspends Firms Said to Be Key to Iran Oil Kingpin
Wedoany.com Report-Oct 30 ,The Dubai International Financial Centre has suspended multiple companies that people familiar with the matter say are part of a network overseen by Iranian oil trader Hosse...