By Paul Sankey
Published on April 12, 2024 at 10:52 AM
News: An amended S4 was filed today by Chevron. New news is that they asked the tribunal (International Chamber of Commerce in the Hague) for the merits of the case to be heard in Q3 with a decision by year end. News: Guyana Stabroek partners sanction a 6th Guyana floating production and storage vessel (FPSO) as expected. Whiptail will develop >850 mmboe for $12.7B, an encouraging improvement on finding and development (F&D) basis relative to …
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By Paul Sankey
Published on March 13, 2024 at 9:51 AM
Great client feedback our on CVX-Hess note that was published overnight and is in your in-box. Noted, attacks on Russian oil infrastructure and refineries are significant, in our view. Impacts on Russian refining are bullish diesel and bullish US refiners. Bloomberg 03/13 11:01 *KIMMERIDGE ISSUES OPEN LETTER TO SILVERBOW HOLDERS Bloomberg 03/13 Top Biomass Power Supplier Enviva Files For Bankruptcy ~ Now for something completely different – within oil – but no less interesting. Northern …
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By Paul Sankey
Published on March 6, 2024 at 2:33 PM
Loving these markets, and really enjoying the CVX-Hess-XOM-CNOOC drama. Front line stuff. DOE data – time to check in on the market. Verdict: everything okay in oil, we like the bullish trade into driving season. We like Big Oils, but there is tremendous noise and volatility around Chevron for Hess vs ExxonMobil. Today’s headlines have to be read in the context of ExxonMobil’s bid for Pioneer. The most they can say is effectively re-iterate their …
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