About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Core Insights - Proactive provides fast, accessible, and actionable business and finance news content to a global investment audience [2] - The company specializes in medium and small-cap markets while also covering blue-chip companies and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Technology Adoption - Proactive is committed to adopting technology to enhance its content creation and workflow processes [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

There is one potential negative with Chevron, particularly if you consider the world's changing energy demands. Simply put, the company is all-in on oil and natural gas even as nations around the world are increasingly shifting their infrastructure and investments toward cleaner energy alternatives and renewable power. Because of that, TotalEnergies, with its 5.9% yield, could be a solid choice.Historically, that model has been effective for the company, and even the most conservative dividend investors sho ...

Core Viewpoint - Oil prices experienced the largest two-day drop in a month due to ongoing concerns about global oversupply [1] Group 1: Price Movements - Brent crude traded around $62 per barrel after a 3% decline over the previous two sessions, while West Texas Intermediate was above $58 [2] - Crude prices have been confined within a tight $4 range since the beginning of November, influenced by oversupply concerns and geopolitical risks related to Russian oil flows [5] Group 2: Supply Dynamics - The US is projected to reach a record domestic crude production of 13.6 million barrels per day this year, contributing to the oversupply in the global market [2] - The American Petroleum Institute reported a decrease in US crude inventories by 4.8 million barrels last week, although there were significant increases in fuel stockpiles, including gasoline and distillates [4] Group 3: Market Sentiment - Ole Hansen from Saxo Bank expressed surprise at the lack of attempts to push Brent prices below $62, indicating a contrarian view amid negative news [3] - The upcoming reports from the International Energy Agency and OPEC are anticipated to provide further insights into the market outlook [5]

Core Insights - Geopolitical tensions and sanctions are leading to an accumulation of crude oil on the ocean, indicating potential supply chain disruptions and market volatility [1] Group 1 - The accumulation of crude oil on the ocean is a direct consequence of geopolitical factors and sanctions affecting oil-producing regions [1] - This situation may result in increased shipping costs and delays, impacting the overall oil supply chain [1] - The current market dynamics suggest a potential oversupply of crude oil, which could influence pricing strategies for oil companies [1]

TotalEnergies has signed an agreement with Galp that formalizes its operatorship over Namibia’s two largest offshore oil discoveries, Mopane and Venus, through a strategic asset swap that consolidates development control in the hands of the French major. Under the transaction, TotalEnergies will acquire a 40 percent operated interest in PEL 83, the block containing the Mopane discovery that Galp previously announced earlier this year. In exchange, Galp will receive a 10 percent interest in PEL 56, home to ...

The state of Victoria is tendering gas exploration licenses for the first time since 2018 in a bid to avoid a shortage, despite efforts to reduce the consumption of hydrocarbons. In an announcement on its website, the state government invited bids for permits in two areas, the Otway Basin and the Gippsland Basin. “Applications for the offshore block VIC/25-1 that use existing seismic data and do not propose new seismic testing will be preferred,” the Victorian government noted in its announcement, in tun ...

Venture Global has claimed Shell has no evidence of Venture Global being involved in any wrongdoing, following the supermajor’s submission of an appeal to an earlier court ruling, in which the court sided with the U.S. LNG producer. In its challenge to the first ruling, Shell referred to a third party that had testified that Venture Global had unexpectedly decided to postpone the commissioning of its second LNG facility, Reuters reported, citing the U.S. company’s statement. The supermajor also alleged th ...

Core Viewpoint - Venture Global has responded to Shell's legal challenge regarding an arbitration case related to liquefied natural gas cargoes, denying fraud allegations and accusing Shell of breaching arbitration confidentiality [1] Group 1 - Venture Global submitted its response late on Tuesday to Shell's legal challenge [1] - The response includes a rejection of allegations of fraud made by Shell [1] - Venture Global accuses Shell of breaching arbitration confidentiality [1]

Group 1 - Crude Value Insights provides an investment service and community focused on the oil and natural gas sectors, emphasizing cash flow and companies that generate it [1] - The service offers subscribers access to a model account with over 50 stocks, detailed cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1] Group 2 - A two-week free trial is available for new subscribers, promoting engagement with the oil and gas market [2]