Craig
Fleming
Hart Energy
OPEC+ Brings Oil Overproduction Under Heel—Rystad
After years of noncompliance and underreporting of actual crude production, many OPEC+ members are voluntarily reducing output beyond set goals, according to analysis by Rystad Energy.
What's Affecting Oil Prices This Week? (July 15, 2024)
Stratas Advisors expects economic news to put some downward pressure on oil prices during the upcoming week.
Biden Administration Mulls More Alaska Drilling Protections
The BLM will take public comment on whether to update protected areas in the Western Arctic.
FTC Requests More Info on $17.1B ConocoPhillips, Marathon Oil Deal
The U.S. Federal Trade Commission’s request for additional information regarding ConocoPhillips’ $17.1 billion acquisition of rival Marathon Oil is likely to delay the transaction. Other recent energy M&A deals have faced similar “second requests” from the FTC.
TotalEnergies Joins Ruwais LNG Project in UAE
French energy giant TotalEneriges joined the two-train 9.6 million tonnes per annum Ruwais LNG project in the United Arab Emirates with a 10% interest. The LNG project is expected to start sending out cargos in the second half of 2028.
US FTC to Delay Decision on Chevron-Hess Deal During Exxon Arbitration, Bloomberg Reports
The FTC plans to delay its decision whether to block Chevron's $53 billion takeover of Hess until after an arbitration case with Exxon Mobil is settled, Bloomberg News reported on July 11.
Paisie: OPEC+ Will Be Able to Manage Prices
Disappointing economic news has contributed to a drop in oil prices.
Supreme Court’s Uinta Basin Rail Case Raises Stakes for LNG, Pipelines
The lawsuit, involving crude transport via railway in the Uinta Basin, is part of a larger intragovernmental fight that could have implications for how FERC decides pipeline and LNG plant permitting.
Shell Trinidad Takes FID at Manatee Offshore Gas Field
Shell Trinidad and Tobago Ltd. has taken FID on the Manatee cross-border gas field. Manatee will start production in 2027 and at its peak add 104,000 boe/d or 604 MMcf/d of natural gas to Trinidad’s production profile.
Gulf Coast Ports Slowly Reopening to LNG After Beryl Strikes
With more than 2 million without power in the Houston area following Hurricane Beryl’s July 8 landfall, and little information on outages from CenterPoint Energy, a workaround can be found using the Whataburger app.