ExxonMobil has announced a record $9.2 billion profit for the second quarter, surpassing analyst expectations. The strong performance was driven by increased oil and gas production, particularly from the recent acquisition of Pioneer Natural Resources. …
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Exxon and Chevron Clash Over Guyana Oil Asset in $53 Billion Hess Acquisition
ExxonMobil is challenging Chevron’s proposed $53 billion acquisition of Hess in arbitration. The dispute hinges on whether the transaction constitutes a “change of control” of Hess’s valuable oil asset in Guyana, triggering Exxon’s pre-emptive right. …
Continue readingTexas Energy Industry Braces for Hurricane Beryl, Shutdowns and Evacuations Underway
As Hurricane Beryl intensifies, the Texas energy industry is preparing for its impact. The storm, predicted to reach Category 2 strength before making landfall on the middle-Texas coast early Monday morning, poses a significant threat …
Continue readingTexas Ports Shutter as Tropical Storm Beryl Bears Down
As Tropical Storm Beryl intensifies, ports along the Texas coast are bracing for impact. Ports are enacting closures and restricting traffic to prepare for the storm’s expected landfall as a Category 1 hurricane later this …
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