ConocoPhillips Completes Acquisition of Marathon Oil Corporation

Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Marathon Oil Corporation (NYSE: MRO). “This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable and diverse portfolio while meeting our strict financial framework,” said Ryan Lance, chairman and chief executive officer. “Marathon Oil adds high-quality, low cost of …

ConocoPhillips Completes Acquisition of Marathon Oil Corporation Read More »

J.P. Morgan Sees Brent Oil Price Averaging $73 a Barrel in 2025

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil, US News / By

(Reuters) – J.P. Morgan sees the price of Brent oil averaging $73 per barrel (/bbl) in 2025 and expects it to close the year firmly below $70/bbl, with U.S. West Texas Intermediate at $64/bbl, the bank said in a note on Friday. “Our view on 2025 has remained largely unchanged over the past year: we …

J.P. Morgan Sees Brent Oil Price Averaging $73 a Barrel in 2025 Read More »

US Utilities Boosting Capex Plans to Meet Demand From Power-Guzzling Sectors

Electricity Grid, Energy Topics & Technology, Latest, US News / By

(Reuters) – Major U.S. utilities are expected to spend heavily on upgrading their electric lines and grids over the next five years to cater to power-hungry sectors, although experts worry that their plans to raise rates sharply to offset higher costs may face regulatory hurdles. In the past few weeks, about nine utilities had raised …

US Utilities Boosting Capex Plans to Meet Demand From Power-Guzzling Sectors Read More »

COP29 Climate Summit Draft Proposes Rich Countries Pay $250 Billion Per Year

CDN and International News, Latest / By

(Reuters) – The COP29 climate summit presidency released a draft finance deal on Friday that would have developed nations take the lead in providing $250 billion per year by 2035 to help poorer nations – a proposal that drew criticism from all sides. World governments represented at the summit in the Azerbaijan capital Baku are …

COP29 Climate Summit Draft Proposes Rich Countries Pay $250 Billion Per Year Read More »

Goldman Sachs Expects Oil Prices to Average Around $80/bbl in 2024

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil, US News / By

(Reuters) – Goldman Sachs expects Brent prices to average around $80 per barrel this year, despite a 2024 deficit and geopolitical uncertainty, citing an anticipated 0.4 mb/d surplus next year, the bank said in a note on Thursday. “Our base case is that Brent stays in a $70-85 range, with high spare capacity limiting price …

Goldman Sachs Expects Oil Prices to Average Around $80/bbl in 2024 Read More »

Bitcoin is at the Doorstep of $100,000 as Post-Election Rally Rolls On

Energy Topics & Technology, Finance, Latest, US News / By

NEW YORK (AP) — Bitcoin topped $98,000 for the first time Thursday, extending a streak of almost daily all-time highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks. Now, bitcoin is at the doorstep of $100,000 and investors do not appear to be phased by gravity or …

Bitcoin is at the Doorstep of $100,000 as Post-Election Rally Rolls On Read More »

COMMENTARY: Gauging The likely Trump Effect on U.S. Energy & Power Sectors

Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, LNG, Natural Gas, Oil, US News / By

By Gavin Maguire (Reuters) – President-elect Donald Trump’s support for the fossil fuel sector and climate scepticism have sparked dismay throughout the global climate tracking community, and fears that his policies may reverse global energy transition momentum. His campaign speeches included pledges to boost domestic oil and natural gas output and to remove mandates on electric …

COMMENTARY: Gauging The likely Trump Effect on U.S. Energy & Power Sectors Read More »

Trump Energy Pick Wrote ESG Report Hailing Oil, Gas, Downplaying Climate Worry

Conventional Energy, Latest, LNG, Natural Gas, Oil, US News / By

Summary Wright says fossil fuel extraction can end poverty Trump’s DOE pick seen pursuing ‘energy dominance’ agenda Wright does not view carbon emissions as pollution (Reuters) – President-elect Donald Trump’s pick to lead the energy department believes fossil fuels are the key to ending world poverty which, he says, is a greater problem than climate …

Trump Energy Pick Wrote ESG Report Hailing Oil, Gas, Downplaying Climate Worry Read More »

Russia’s Novak Says Oil Market Balanced Thanks to OPEC+

CDN and International News, Conventional Energy, Latest, Oil / By

By Reuters (Reuters) – The global oil market is balanced thanks to the actions of OPEC+ countries and compliance with its quotas, Russian Deputy Prime Minister Alexander Novak said on Friday following a Russia-OPEC meeting. OPEC+ countries, which are pumping around half the world’s oil, are taking all necessary decisions to maintain market stability, Novak also …

Russia’s Novak Says Oil Market Balanced Thanks to OPEC+ Read More »

Subscribe
Subscribe