Oil and Gas

On January 24th 2024 Pantheon Resources PLC held a post-AGM investor presentation, providing insights into their ongoing projects and future plans. Here's a breakdown of some key highlights from the discussion points

US natural gas prices are at their lowest in nearly three decades as the country prepares for its warmest winter ever, which will reduce demand while production reaches record levels. Analysts said that this winter, the months when gas…

Shell forecasts that the global demand for liquefied gas will increase by over 50% by 2040, as people switch to cleaner energy sources. The oil major's latest energy outlook suggests that global demand will peak in 2040, with the growth…

Diamondback Energy has a deal in place to purchase Endeavor Energy Resources, a private oil producer in America, for about $25bn. This is according to sources familiar with the situation. ConocoPhilips lost out in this race to acquire one…

Discover the investment potential of Pantheon Resources as driven by their expansive Alaska North Slope oil projects. Proactive’s research analyst Manos Halicioglu provides an in-depth insight and a valuation perspective on this burgeoning…

The head of BP predicted that the AI revolution would trigger a global demand surge for fossil fuels. BP said it will ramp up its gas production over the next few years. Murray Auchincloss said that demand for energy, including renewable…

BP reported fourth-quarter profit ahead of expectations despite the fact that oil and gas prices have fallen from their highs at the start of the Ukraine war. The FTSE 100 Oil and Gas group reported profits in the final quarter of last…

Shell announced plans to buyback another $3.5 billion in its shares, after its fourth-quarter profit exceeded expectations. This was helped by an "exceptional performance" by its gas trading division. The company's profits dropped from…

In the most recent round of exploration licenses, Korean, Malaysian and Norwegian companies were granted permission to drill in the North Sea for oil and natural gas. The North Sea Transition Authority (NSTA), which is responsible for…

Oil giant accused of leaving shareholders £40bn worse off with unrealistic strategy After an activist investor claimed that they had left shareholders £40bn worse off, BP faces new demands to scrap the "irrational", net zero commitments…

It has been revealed that Britain's vast gas network still relies on a fleet aging aircraft engines. Some of these engines were removed from RAF Lightning fighter planes built in the 1960s. Jon Butterworth is the chief executive at…

This week, the American oil lobby launched a media campaign with a budget of eight figures to promote the idea that fossil-fuels are "vital", for global energy security. Climate experts were alarmed by this. The website of the new…

The price of oil has risen dramatically after Iran refused to stop supporting attacks by Houthi Rebels on vessels in Red Sea, and sent one warship along the main trading route. Brent crude climbed $1.73 or more than 2.4% to $78.77 per…

The world's five largest listed oil companies are expected to reward their investors with record payouts of more than $100bn (£79bn) for 2023 against a backdrop of growing public outrage at fossil fuel profits. The five "super-majors" -…

The UK and US tighten rules on the shipping of Russian crude oil to make it more difficult for Moscow to avoid the so-called "price cap", a policy designed to squeeze the Kremlin’s revenue. According to rules published Wednesday,…

BP is the first major oil company to halt all shipments via the Red Sea. The company mentioned a worsening situation because of the increasing attacks by Yemeni rebels on ships using a route that manages about 10% of worldwide trade. Brent…

The Pentagon convinced over seven allies in the Red Sea to join a stronger naval task force due to more attacks on commercial ships by Iran-backed militants, resulting in higher oil prices. Lloyd Austin, US Defence Secretary, announced…

Opec+ controls only half of the global oil production, as demand growth has slowed "dramatically" and US output is at new highs. According to the International Energy Agency, recent production cuts made to support the oil price have…