World Oil (Bloomberg) – Namibia’s oil potential could one day match Guyana, where big discoveries have sparked an economic transformation and set the world’s biggest companies jostling for position. There’s a “big chunk of oil” in waters off Namibia, said … The post Namibia’s oil potential could match Guyana following significant offshore discoveries, TotalEnergies CEO reports appeared first on Oil & Gas 360 ..read more

World Oil Publisher’s Note: Chevron Corp will present at EnerCom Denver- The Energy Investment Conference on August 18-21, 2024. Register to attend. (Bloomberg) – Chevron Corp. surpassed expectations for a second straight quarter as strong oil-production growth from recent acquisitions … The post Chevron exceeds Q2 expectations on strong oil production amidst ExxonMobil, Hess arbitration over Guyana appeared first on Oil & Gas 360 ..read more

Yahoo Finance HOUSTON-Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. Latest results from oil and gas companies including Chevron … The post Exxon misses on Q1 profit despite big gains in Guyana appeared first on Oil & Gas 360 ..read more

Yahoo Finance HOUSTON -Oil prices edged up slightly on Friday, boosted by worries about geopolitical tensions but still under pressure from U.S. data showing inflation rose moderately in March, dampening hopes the Federal Reserve would cut interest rates soon. Brent … The post Oil up on geopolitical tensions, gains curbed by fading fed rate cut hopes appeared first on Oil & Gas 360 ..read more

Oil and Gas 360 RNS Number : 0048M Zephyr Energy PLC 25 April 2024 Prior to publication, the company deemed the information in this announcement to constitute inside information as stipulated under the UK Market Abuse Regulation. With the publication … The post Zephyr Energy: Start of well drilling operations appeared first on Oil & Gas 360 ..read more

World Oil Hess’ E&P net income was $997 million in Q1 2024, compared with $405 million in Q1 2023. Net production was 476,000 boed in Q1 2024, compared with 374,000 boed in the Q1 2023, primarily due to higher production … The post Hess Corporation increases oil and gas production on backs success in U.S. Bakken, offshore Guyana appeared first on Oil & Gas 360 ..read more

World Oil (WO) – Texas LNG Brownsville LLC and a subsidiary of Glenfarne Energy Transition, LLC, has signed a second Heads of Agreement (HOA) with EQT Corporation for natural gas liquefaction services for an additional 1.5 MMtpa of LNG over … The post Texas LNG sells over half of offtake with additional LNG tolling agreement with EQT appeared first on Oil & Gas 360 ..read more

Oil Price One of the largest U.S. refiners, Valero Energy (NYSE: VLO), saw its adjusted net income more than halve in the first quarter compared to a year earlier, but earnings nevertheless beat the analyst consensus estimate amid … The post U.S. refiner Valero Energy beats profit forecasts in Q1 appeared first on Oil & Gas 360 ..read more

Oil Price As well productivity in the U.S. shale patch has declined in the past two years, producers are looking to deploy new technology to reverse these declines, but small companies often cannot afford the high upfront costs, industry executives … The post U.S. frackers seek ways to reverse well productivity declines appeared first on Oil & Gas 360 ..read more

World Oil (Bloomberg) – OPEC pledged to help Namibia become a significant crude producer, widening a path for the southern African nation to join the group. “We are excited about the potential of the Namibia-OPEC partnership and stand ready to … The post OPEC pledges to support Namibian oil exploration following significant offshore discoveries appeared first on Oil & Gas 360 ..read more