ExxonMobil signaled first-quarter production results could top a four-year quarterly...
ExxonMobil signaled first-quarter production results could top a four-year quarterly record, with operating profits from pumping oil and gas approaching $10.1 billion. A snapshot of the largest U.S. oil producer's quarter ended March 31 showed profits could jump by between $1.9 billion and $2.7 billion over the prior quarter's $6.1 billion in operating earnings from its oil and gas unit.
ExxonMobil has made a final investment decision for the Yellowtail development offshore Guyana after receiving government and regulatory approvals. The company’s fourth, and largest, project in the Stabroek Block is expected to produce approximately 250,000 barrels of oil per day starting in 2025.
ExxonMobil has suspended its liquefied natural gas project in Russia's the Far East, Interfax news agency quoted a Russian governor as saying on Monday after the firm announced plans to quit the country following Western sanctions.
ExxonMobil on Friday received approval to begin work on its fourth offshore oil drilling project in Guyana from the South American country's Environmental Protection Agency.
The energy sector is off to a higher start supported by strength in the underlying commodities...
The energy sector is off to a higher start supported by strength in the underlying commodities and in the major market indices. U.S. stock index futures edged higher as a jump in tech shares and U.S.-listed Chinese firms offset concerns about more sanctions toward Russia from the European Union and its allies.
WTI and Brent crude oil future rose this morning as the release of strategic reserves by consuming nations failed to eliminate supply concerns arising from Russia’s invasion of Ukraine and the lack of progress in renegotiating the Iranian nuclear deal. European leaders look to agree on further sanctions towards Russia in the coming days, a German government spokesperson said on Monday, adding that he was confident the European Union would remain united on fresh measures. France is considering a hefty EU-wide tariff on Russian energy in hopes that it could prove more efficient than an outright ban. As talks on reviving the 2015 nuclear deal pause, an Iranian foreign ministry spokesperson said the United States is responsible for the lack of progress in the negotiations between Tehran and world powers in Vienna.
Twitter shares surge after disclosure Elon Musk has taken stake
Shares of Twitter ...
Shares of Twitter TWTR, +1.60% jumped 25% in premarket trade after a Securities and Exchange Commission filing showed that Elon Musk, the chief executive of Tesla, took a 9.2% stake in the microblogging service. Last week Musk said he was "giving serious thought" to creating a new social media platform, as he was upset by Twitter's free-speech approach.
Asian Liquefied Natural Gas Demand Is Cooling Fast
As energy buyers in Europe reorganize to ...
As energy buyers in Europe reorganize to wean themselves off Russian gas in the wake of Vladimir Putin’s war on Ukraine—and natural gas prices skyrocket—Asian countries are facing some serious sticker shock. In the long run, the consequences could be even more profound—slower Asian LNG demand growth through the remainder of the first half of the decade.
Asia Pacific LNG imports are down 10% in the first quarter of 2022 from a year earlier. Chinese, Japanese and Indian LNG imports are down 11%, 14%, and 25% respectively. Asian LNG prices had roughly quintupled over the past year to $34 per million British Thermal Units (MMBtu) as of late March but still lagged behind the European benchmark which hit $39 per MMBtu,
