Entries by Ranger Land and Minerals

Chevron To Ship First Venezuelan Oil To The U.S. By Year-End

Chevron is getting ready to ship the first oil cargo from Venezuela to the United States. This is by late December after the U.S. Administration issued this weekend. It is a six-month license allowing the U.S. supermajor to extract and export oil from the South American country. This is what Bloomberg reports citing a source […]

US Oil Companies’ Cash Flow to Rise by 68% Per Barrel in 2022 – Deloitte

U.S. upstream oil companies are to bank 68% higher free cash flows per barrel. This was in 2022 as surging prices fuel profits. Output growth lingers at 4.5% year to date, Deloitte consultancy said on Monday. The study illustrates the clash between the White House and oil companies. It is over how skyrocketing profits from […]

Oil Recovers After Volatile Start Of The Week

– Oil recovers as earnings on the US Gulf Coast-to-China shipping route have soared above $100,000 per day. This is equivalent to $7 per barrel. This is demonstrating the shrinking availability of crude tankers lately. – The Russia-Ukraine war and subsequent sanctions have lengthened the average shipping voyage globally. So now, charterers have fewer options […]

India Is Bright Spot for World Oil Demand

Petroleum demand in the world’s third-largest oil consumer has been growing faster than anywhere else in 2022. It is rising by more than 400,000 barrels a day. That’s equivalent to more than 20% of the total global increase. Let’s learn more about why India is a bright spot for world oil demand. The country’s vigorous […]

North America Leads $370 Billion Global Push For Oil & Gas Pipelines

This year, the United States became the world’s biggest liquefied natural gas (LNG) exporter. This is as deliveries to energy-starved buyers in Europe and Asia surged. In the current year, five developers have signed over 20 long-term deals. They are to supply more than 30 million metric tons/year of LNG or roughly 4 Bcf/d, to […]

US Oil and Gas Giants’ Profits Skyrocket

Several European and US oil and gas Giants (producers), including France’s TotalEnergies, Norway’s Equinor, and Aker BP along with the UK’s Shell, released their quarterly reports this week. Thanks to the energy crisis, all four players delivered strong financial results. However, we can now see how the U.S. oil majors have performed in comparison with […]

‘Strongest climate bill ever’ may increase oil and gas production in New Mexico

President Joe Biden’s $737 billion Inflation Reduction Act (IRA) aims to address a cornucopia of American ills. Arguably its most important aspect is how it jump-starts the country’s fight against climate change. Have you heard about the strongest climate bill that’s coming? It attacks the country’s carbon emissions from both ends — consumption, and production […]