Allan Domingo, CPA, US CMA’s Post

We see the material gap in valuations between major European oil and gas companies and their US peers as a function of both geography and strategy. While Shell CEO Wael Sawan's recent comments on a potential switch to a US listing caused a stir, any attempts by European executives to correct the gap will need to address both factors to be effective. Europe-listed companies may be able to find ways both to narrow the gap and keep their strategies intact with creative new structures or patience if investors show signs of embracing the Big Energy model. Learn more >> https://bit.ly/3Q7LwOC #oilandgas #bigenergy #corporatestrategy #competitiveintelligence

ExxonMobil has led a persistent efforts to push the #US #federal #government to adopt #rules that would allow the #conversion of existing #oilandgas leases in the #GulfofMexico into #offshore #carboncapture and #storage (CCS) acreage, according to documents seen by Energy Intelligence and numerous #interviews with #industry players. #corporatestrategy #policyandregulation #emergingtechnologies #co2emissions #lowcarbon

ENB #430 - Chevron Moves to Texas ·       Interest rate cuts for Green New Deal: Leftists urge the Fed to cut rates to support renewable energy projects. - https://lnkd.in/g9qRcHVz ·       Global power demand rise: IEA forecasts 4% growth in global power demand for 2024-2025, driven by electricity. - https://lnkd.in/gvujigMu ·       India expands coal mining: India issues orders for ten new coal mines to boost energy security. - https://lnkd.in/gsYuVK9P ·       Chevron relocates to Texas: Chevron moves its headquarters from California to Texas due to energy policy impacts. - https://lnkd.in/gsCEfXrm ·       Shell's $2B buyback: Shell announces a $2 billion share buyback amid strong Q2 earnings. - https://lnkd.in/geJbTRU4 ·       Critique of EV policies: Turley criticizes the economic viability of current electric vehicle policies. - https://lnkd.in/gZnh6tmA Follow Stuart Turley On LinkedIn Follow Michael Tanner On LinkedIn Click the link here to watch the full video: https://lnkd.in/g85CTbmR #EnergyNews #GlobalPowerDemand #GreenNewDeal #CoalMining #Chevron #ShellBuyback #RenewableEnergy #ElectricVehicles #Deindustrialization #InterestRates

ENB #430 - Chevron Moves to Texas ·       Interest rate cuts for Green New Deal: Leftists urge the Fed to cut rates to support renewable energy projects. - https://lnkd.in/g9qRcHVz ·       Global power demand rise: IEA forecasts 4% growth in global power demand for 2024-2025, driven by electricity. - https://lnkd.in/gvujigMu ·       India expands coal mining: India issues orders for ten new coal mines to boost energy security. - https://lnkd.in/gsYuVK9P ·       Chevron relocates to Texas: Chevron moves its headquarters from California to Texas due to energy policy impacts. - https://lnkd.in/gsCEfXrm ·       Shell's $2B buyback: Shell announces a $2 billion share buyback amid strong Q2 earnings. - https://lnkd.in/geJbTRU4 ·       Critique of EV policies: Turley criticizes the economic viability of current electric vehicle policies. - https://lnkd.in/gZnh6tmA Follow Stuart Turley On LinkedIn Follow Michael Tanner On LinkedIn Click the link here to watch the full video: https://lnkd.in/g85CTbmR #EnergyNews #GlobalPowerDemand #GreenNewDeal #CoalMining #Chevron #ShellBuyback #RenewableEnergy #ElectricVehicles #Deindustrialization #InterestRates

As we discussed on the Energy Realities podcast this morning with David Blackmon, Irina Slav, and T Nemeth - Green/Left energy policies have consequences, and they have horrific financial impacts. Deindustrialization occurs in #NewYork #Germany and #California. Chevron following X, and Elon Musk is only the beginning.

Just read this article featuring some great insights from our CEO, Lorenzo Simonelli. While North American activity seems to be slowing down, Baker Hughes sees strong growth internationally, especially in offshore markets. It's exciting to see that we're also focusing on extending the life of older reservoirs and seeing tremendous potential in natural gas and LNG demand. Plus, our New Energy projects are gaining momentum with $239 million in new orders from our first quarter alone. Exciting times ahead! To read the full story, click here 👉 https://lnkd.in/d24gejrj #WeAreBakerHughes #EnergyForward #EnergyTransition #LNG #NewEnergy

Colonial Pipeline’s Big Reminder and a New LNG Flirtation at Play in the Haynesville Reese Energy Consulting today takes a side road off Wall Street and the comes-as-no-surprise record oil production announced by ExxonMobil and Chevron. Our side road instead takes us to the latest news from Ga.-based Colonial Pipeline Company and Houston-based TG Natural Resources LLC (TGNR), also known as Tokyo Gas. Sometimes, the side roads are just more scenic. The 5,500-mile Colonial Pipeline is part of the nation’s largest fuel transportation system and a vital artery of U.S. infrastructure, flowing 100 million gallons per day of gasoline, jet fuel, diesel, and heating oil from the Gulf Coast to the New York harbor. The system also has five major stakeholders, many of which in June were looking to cut ties and explore a sale that wore a $10+ billion price tag. As a reminder of this, Bloomberg News now reports a potential deal could be in the offing. All guesses are welcomed. Tokyo Gas, still in talks with Chevron for what would be its second acquisition of Haynesville producing assets, is now flirting with Australia-based Woodside Energy for a stake in the Louisiana LNG facility formerly known as Driftwood. Woodside in October closed its $1.2 billion deal with Tellluian for Driftwood with a strategy to a build a “dream team” of equity partners to kickstart the stalled project. TGNR, the U.S. entity of Japan’s largest natural gas and power utility, acquired ROCKCLIFF ENERGY last year for $2.7 billion, making it one of the Haynesville’s largest gas producers at 1.3+ BCFD. The company in February bought a 49% stake in ARM Energy Trading, one of the largest private North American physical natural gas marketers. What do you think? Learn more about REC and our natural gas and midstream services at https://lnkd.in/ebXT2mS. For more info about our new online natural gas training courses, visit https://lnkd.in/g_jDyx_Y. #pipelines #midstream #divestitures #reeseenergyconsulting

The US natural gas market will continue to be volatile for years to come as supply and demand growth far outpace the construction of new storage and transmission assets, executives at North American midstream companies and trading houses said Wednesday. The US has moved from a roughly 60 Bcf/d (1.7bn m3/d) market eight years ago to a more than 100 Bcf/d market today — "and we haven't grown our storage capacity at all," said Rich Brockmeyer, head of North American natural gas and power at commodity trading house Gunvor at the CERAWeek by S&P Global energy conference in Houston, Texas. "I expect we'll have volatility for years to come," he said. US production and consumption of gas is not likely to slow in the coming years, either, as a wave of LNG export terminals enter service on the US Gulf coast, gas-fired power generation continues to crowd out coal and the country's aging pipeline network requires ever more maintenance. Read the full story for free: https://lnkd.in/eUeXYakX

This month’s #WMHorizons dives into whether oil and gas exploration still has a role in the energy transition. We explore how targeted, high-impact exploration could reduce carbon intensity by replacing dirtier alternatives, creating value for both resource owners and explorers. Read it now: https://okt.to/xufIY4

If Exxon Won’t, Others Will – Jagdeo on Developing Guyana’s Gas Fields Vice President Bharrat Jagdeo of Guyana Vice President Bharrat Jagdeo has made it clear that if ExxonMobil decides not to proceed with gas development in Guyana, the government will reallocate the prospects to other interested parties. This statement was made during a press conference on May 24, where Jagdeo emphasized the importance of not missing out on the opportunity to capitalize on Guyana’s gas resources. Key Points from the Press Conference: 1. Understanding Gas Reserves: • The government is working to fully understand the quantity of gas in Guyana’s Stabroek Block, where Exxon has discovered 17 trillion cubic feet of gas to date. 2. Reallocation of Prospects: • Jagdeo stated, “If they don’t want to go forward with a project on this, and there are others who may be willing to do it on their own, they’d have to relinquish it. We can’t have this lost opportunity there.” • ExxonMobil is required to relinquish 20% of the entire Stabroek Block by October of this year. This may or may not include the gas-rich areas, but if Exxon does not move forward with the gas project, those areas will have to be given up. 3. Interest from Other Groups: • The government has received 17 proposals from various groups interested in the design, finance, construction, and operation of essential gas infrastructure to support offshore developments. • Jagdeo suggested that Exxon could collaborate with one of these groups if it decides to develop its gas discoveries. 4. Current Gas Projects: • Guyana is currently executing its first associated gas development project with Exxon: a Gas-to-Energy project aimed at reducing electricity costs and emissions from power generation. 5. ExxonMobil’s Focus: • ExxonMobil is concentrating on gas appraisal this year, closely evaluating gas development options and determining the best production facility. • A potential standalone gas development is likely to be located at the extreme eastern side of the Stabroek Block, near the border with Suriname, where the largest quantities of proven gas are situated. 6. Monetizing Gas: • Jagdeo expressed confidence in the potential to monetize Guyana’s gas resources through various means, such as: • Shipping gas via a Liquid Natural Gas (LNG) floating platform. • Bringing gas onshore through a larger pipeline for power generation and sale. • Using gas for the petrochemical industry. • He described these ventures as very lucrative. 7. National Gas Strategy: • A national gas strategy is being drafted to serve as a roadmap for the country’s gas development endeavors. Conclusion Guyana is poised to capitalize on its substantial gas reserves, and the government is determined not to let these resources go untapped. With multiple proposals from interested groups and a national gas strategy in the works, the future of Guyana’s gas development looks promising, whether ExxonMobil leads the way or not.