American Gas Producer EQT Increased Dividends by 5%
American EQT Corp., engaged in the production and transportation of natural gas, increased its quarterly dividends by 5% – to 15.75 cents per share from 15 cents. According to the company’s press release, payments will take place on December 1. The closure of the register of shareholders is scheduled for …
Israel Orders Chevron to Close Tamar Offshore Gas Field
Israel’s Energy Ministry has instructed Chevron to close the Tamar offshore natural gas field off the country’s northern coast, a company spokesman told Reuters. “The Israeli Ministry of Energy has instructed Chevron Mediterranean Limited to cease production at the Tamar field,” the agency quoted a representative as saying. However, the material …
Riyadh Announced Its Readiness to Increase Oil Production if Prices Rise
Saudi Arabia has told the United States that it is ready to increase oil production in early 2024 if crude oil prices are high, the Wall Street Journal reports, citing Saudi and American officials. According to the publication, this move is aimed at winning favor in the American Congress to …
The Biden Administration May Stop Exxon from Buying Pioneer
Blaming Exxon for high gasoline prices in the US, the administration of President Joe Biden will try to leave the deal to buy Pioneer, writes Reuters As a result of the merger of Pioneer and Exxon, the latter will become the largest producer of petroleum products in the region. Analysts …
Acquisition Fever Intensifies in US Permian Shale Basin
Mergers and acquisitions (M&A) are picking up pace in the Permian, the largest oil basin in the United States. The reason for the increase in the number of mergers and acquisitions is simple: large companies want the fastest way to replenish their reserves for production, compensating for the depletion of …
Trump Promised that the United States Will Surpass Russia and Saudi Arabia in Oil Production
According to the former President of the United States, the country will dominate the energy sector within a few months of his re-election as head of state. Former US President Donald Trump said that if he wins the presidential election, he will ensure that the country produces more oil than …
The Number of Drilling Rigs in the US Fell to the Level of December 2021
The number of oil and gas drilling rigs in the United States fell by seven to 694 in the week ending September 20. This is the lowest figure since the end of 2021. And this is not a “drawdown” somewhere in one place. Most basins in the US have either …
American Chevron is Ready to Drill New Wells in Venezuela
The American company wants to increase production in the Latin American country by another 65,000 bpd by the end of 2024 Currently, Chevron and Venezuela’s PDVSA together produce about 135,000 b/d. Washington’s permission to operate an American company in Venezuela is gradually raising the country’s oil production from its knees. …
The Permian Shale Basin is Hit by a Wave of Acquisitions
M&A activity is picking up pace in the Permian, the largest shale oil and gas basin in the United States. The M&A wave is being driven by the largest shale formation in the US as companies race to quickly rebuild their dwindling assets. Simply put, given Biden’s green policies and …
The US Department of Energy Predicts that Oil Production in Russia will Decrease in 2023
The US Department of Energy predicts that oil production in Russia in 2023 will decrease by an average of 300 thousand barrels per day, and will not change in 2024, follows from the monthly short-term forecast of the Energy Information Administration (EIA) of the department. “We expect oil production in …