Murphy Shares Drop on 4Q Miss, but ’25 Plans Show Promise
Murphy Oil’s fourth-quarter 2024 output missed analysts’ expectations, but analysts see upside with a robust Eagle Ford Shale drilling program and the international E&P’s discovery offshore Vietnam.
Overbuilt Fleet of LNG Tankers Sinking Cargo Transport Rates
LNG shipping rates are at historic lows as a flooded transport market waits for projects to come online and more cargoes to move.
Plug Power CEO Sees Hydrogen as Part of US Energy Dominance
Plug Power CEO Andy Marsh says the U.S., with renewable energy resources, should be the world’s leading exporter of hydrogen as it competes globally, including with China.
Chevron Delivers First Oil from Kazakhstan Project
Chevron Corp.’s newest plant at Kazakhstan’s Tengiz Field is expected to ramp up output to 1 MMboe/d.
Pickering Prognosticates 2025 Political Winds and Shale M&A
For oil and gas, big M&A deals will probably encounter less resistance, tariffs could be a threat and the industry will likely shrug off “drill, baby, drill” entreaties.
Murphy’s Vietnam Find May Change Investor Views, KeyBanc Analysts Say
The discovery by a subsidiary of Murphy Oil Corp. is a reminder of the company’s exploration prowess, KeyBanc Capital Markets analysts said.
Excelerate Energy Hits Record on Ship-To-Ship LNG Transfers
Excelerate completed 3,000 ship-to-ship transfers onboard a platform in Bangladesh.
Venture Global Plaquemines Plant on Track to Produce LNG
Venture Global LNG’s Plaquemines plant was on track to pull in about 0.16 Bcf/d of pipeline gas on Dec. 13, up from 0.10 Bcf/d on Dec. 12, according to LSEG data.
US Hydrogen Concerns Linger as Next Administration Nears White House
BP, EDP Renewables, Inpex and Plug Power executives discuss the state of hydrogen and the hydrogen production tax credit.
TotalEnergies Closes $1.4B Acquisition of Malaysia’s SapuraOMV
TotalEnergies acquired SapuraOMV’s main assets in blocks SK408 and SK310, both located offshore Sarawak in Malaysia.