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Supermajors ExxonMobil and Total are renegotiating a natural gas resource sharing deal for their respective liquefied natural gas (LNG) projects offshore Mozambique, Reuters reports, citing sources with knowledge of the talks. Exxon and Total are leading the Rovuma LNG and the Mozambique LNG projects, respectively, and are looking to renegotiate a 2015 deal on using resources from the basins that ...
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Condominiums, or simply “condos,” are a great way to purchase property to live in, rent out, or resell. Sort of halfway between an apartment and a home, condominiums make for a great living situation for many people. With that being said, the sale of a condo is likely to flood former owners with a large sum of cash. For first ...
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This year has been a true rollercoaster ride for the U.S. oil and gas market, but it is increasingly looking to end on a high note. The sector is up nearly 16% over the past 10 days alone as the world moves closer to vanquishing one of mankind's biggest threats in modern history. The outlook keeps getting better for the ...
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In a hard-fought campaign Democrat Joe Biden won the November 2020 U.S. presidential race beating incumbent Donald Trump. There were considerable fears in the run-up to the election that a Biden victory would put a damper on oil prices but, along with the boost given by news of a COVID-19 vaccine, the opposite has occurred. This has been a boon ...
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In many regions of the United States, water and ditch rights are becoming increasingly valuable. If you own property with flowing water, then chances are your water and ditch rights could be sold for a tremendous capital gain. One of the best ways to reinvest the sale of water and ditch rights is through a 1031 exchange. By eliminating capital ...
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Despite delays in drilling campaigns and reduced exploration budgets due to COVID-19, the volume of oil and gas discoveries globally is set to reach 10 billion barrels of oil equivalent (boe) this year, avoiding a repeat of the multi-decade low during the previous crisis in 2016, Rystad Energy said in a new analysis on Monday. In 2016, just 7.7 billion ...
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