Chevron | GUPC

TotalEnergies, Shell, Chevron Intensify Focus on African Oil and Gas Resources

Oil & Gas‚ Oil and Gas Industry | intent | February 28, 2024 | Comment off

Major international oil companies (IOCs) are reaffirming their dedication to the development of African oil and gas resources, signaling positive prospects for service providers, drilling contractors, and the wider industry. During a recent event in Nigeria, top representatives from TotalEnergies, Shell, and Chevron disclosed substantial investment plans, spanning from pioneering exploration endeavors to facilitating gas supply from mature markets. With the Invest in African Energy (IAE) forum scheduled for May in Paris, there exists a prime opportunity for investors to capitalize on this renewed commitment to advancing Africa’s energy sector.

Chevron stops oil exports via the Red Sea

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | February 1, 2024 | Comment off

Threat of Houthi attacks is causing exports to Asia to be rerouted via the southern tip of Africa.

Investor Group Seeks to Steer BP Back to Oil and Gas

Oil and Gas Industry | intent | January 30, 2024 | Comment off

Bluebell Capital Partners criticized BP’s plan to reduce oil and gas production by 25% by 2030, labeling it an “irrational strategy”.
The investor group urged BP to cut funding for bioenergy, hydrogen, and renewable projects, claiming the company has “no right to win” in these markets.
Despite pressure, BP’s new leadership, under Murray Auchincloss, plans to continue with the existing renewable energy strategy.

The oil and gas industry is undergoing its biggest-ever consolidation

Oil and Gas Industry | intent | January 26, 2024 | Comment off

The oil and gas industry is undergoing its biggest-ever consolidation, according to Enverus.

Upstream merger and acquisition activity hit $144 billion in the fourth quarter alone and $190 billion for 2023, both setting records.

Bids from Exxon Mobil, Chevron, and Occidental Petroleum were among the key deals fueling the record.

Consolidation Push Could Turn U.S. Oil Industry into Handful of Giants

Oil & Gas‚ Oil and Gas Industry | intent | December 15, 2023 | Comment off

Acquisitions have essentially become the only option for producers that want to grow in the hydrocarbon-rich Permian basin.
Oxy’s acquisition of CrownRock cements an absolute banner year in Permian acquisitions and divestments spending.
Many analysts seem to expect that the consolidation drive will continue next year as well, suggesting that even the end of 2024 could see a lot fewer operators in the star play of the U.S. shale patch.

Chevron Confirms Readiness To Partner Stakeholders On Sustainable Development

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | November 29, 2023 | Comment off

Chevron Nigeria Limited, has expressed commitment to partnership with various stakeholders including the communities neighbouring its areas of operations in the Niger Delta, for sustainable development.

Oil and gas majors could still have earned $10tr after paying loss and damage share – Report

Oil & Gas‚ Oil and Gas Industry | intent | November 22, 2023 | Comment off

The top three emitters are Saudi Arabia’s Aramco, Russian government-owned Gazprom, the National Iranian Oil company, and the top investor-owned companies are ExxonMobil, Shell, BP and Chevron. The list also includes the company led by the president of this year’s international climate negotiations: the Abu Dhabi National Oil Company.

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