Chart Talk: Chevron Venezuela's Rising Output, Revenues
Chevron Corp. is boosting production and revenues in Venezuela, but its net take away will depend on the varied expenses it incurs getting the Venezuelan heavy oil to market.
February 22, 2023
Repsol Eyes Marcellus, Eagle Ford Developments
Developments for Madrid-based Repsol in the Marcellus and Eagle Ford look promising in 2023 and beyond after the Spanish oil giant upped its positions in both shale plays last year.
February 21, 2023
The Pulse: Will Tax Credits Make Carbon Capture Profitable in Oil and Gas? [WATCH]
Attendees at NAPE told Hart Energy that they are optimistic that carbon capture tax credits will positively impact oil and gas businesses.
February 17, 2023
Russian Fiscal, Export Revenues Plunge in January
Western sanctions haven’t stopped the Russia-Ukraine war but have impacted the Kremlin’s fiscal and export revenues and complicated Putin’s existence, Dr. Thomas Wilfred O’Donnell, a global fellow with the Woodrow Wilson Center and an instructor at Freie Universität Berlin, told Hart Energy.
February 17, 2023
Freeport LNG to Achieve Partial Restart in February
Freeport LNG Development’s three-train Quintana Island liquefaction plant is expected to achieve a partial restart of its operations in February, according to Rystad Energy vice president Emily McClain.
February 16, 2023
US Refinery Utilizations to Stay Above 90% in 2023-24
The Energy Information Administration forecasts U.S. refinery utilization rates to remain slightly above the 90% mark for 2023 through 2024.
February 15, 2023
Hess, Targa Dubbed “Rising Stars” by Moody’s
Moody’s Investor Service upgraded Hess Corp. and Targa Resources to “rising star” last year owing to promising developments in Guyana and substantial deleveraging in the U.S., respectively.
February 15, 2023
Tellurian Eyes $3.2 Billion in Equity for Driftwood LNG
Tellurian Inc., pushing forward the proposed Driftwood LNG facility in Lake Charles, La., is seeking $3.2 billion of partner equity at the Driftwood level to build the facility, executive chairman Charif Souki said.
February 14, 2023
Petrobras' Output Falls 3.2% to 2.7 MMboe/d in 2022
Brazil’s state-owned oil and gas producer Petrobras reported its production of 2,684 Mboe/d in 2022 was down compared to the prior year, but more or less in-line with earlier forecasts.
February 13, 2023
TotalEnergies CEO Says $100/bbl Could Come Back
The TotalEnergies chairman and CEO said he wouldn’t be “surprised to see $100/bbl oil coming back” amid low inventories and lower U.S. shale supply during the French oil giant’s webcast to discuss financial results.
February 10, 2023