TotalEnergies to Present Oil Discoveries in Namibia at Investor Day

Saturday, 23 September 2023, 10:01:04
Staff Reporter PARIS, Sept. 23 – TotalEnergies, the French energy giant, is set to unveil the potential of its oil discoveries in Namibia during an upcoming investor day as the company continues to bank on oil and gas to bolster its profits while concurrently expanding its low-carbon business ventures. Earlier this month, the group expressed its contemplation of a $9 billion oil and gas project in Suriname. As a result, industry analysts are now eagerly anticipating more detailed insights into TotalEnergies’ recent exploration endeavours off the coast of Namibia. Currently devoid of oil and gas output, Namibia possesses the potential to rank among the top 15 global oil producers by 2035. Kepler Cheuvreux analyst Bertrand Hodée speculated, “Namibia could become the largest ever deep-offshore discovery for TotalEnergies, potentially surpassing Block 17 in Angola—the last ‘golden’ block of TotalEnergies.” Hodée estimated that the two new blocks in Namibia, where Shell has also announced offshore oil and gas discoveries, could potentially harbour 4 billion barrels of reserves.
— Namibia Daily News

BP And Shell Dive Deep: New Exploration Deal With Trinidad And Tobago Following Complex Negotiations

Friday, 22 September 2023, 13:17:20
A consortium of BP P.L.C. (NYSE: BP ) and Shell PLC (NYSE: SHEL ) has received licenses for exploration in three deepwater blocks from the government of Trinidad and Tobago to boost the country”s hydrocarbon development. This decision of the Cabinet of the Caribbean nation, taken on September 8, 2023, by the Minister of Energy Stuart Young, has been backed by “complex negotiations” over the terms and conditions, a statement from Trinidad and Tobago”s Ministry of Energy and Energy Industries said. The ministry added that the … Full story available on Benzinga.com
— Benzinga

California”s Lawsuit Against Oil Giants: Righteous Or Ridiculous?

Thursday, 21 September 2023, 23:00:00
The search for a scapegoat is the easiest of all hunting expeditions. Dwight D. Eisenhower The state of California is suing five major oil companies BP, ExxonMobil, Chevron, Shell, and ConocoPhillips as well as their trade group, the American Petroleum Institute. The lawsuit, filed by California Attorney General Rob Bonta, alleges the companies knowingly deceived the public about the risks of fossil fuels, causing harm to communities and the environment. California Governor Gavin Newsom claimed Big Oil
— OilPrice com

BP, Shell near deal to explore Trinidad deepwater blocks

Thursday, 21 September 2023, 21:32:29
A group led by BP and Shell are near an agreement with Trinidad and Tobago to explore three deepwater blocks, potentially boosting gas supply for the Atlantic LNG export project.
— Seeking Alpha

September’s 3 Most Intriguing Stocks for Daring Investors

Thursday, 21 September 2023, 12:56:40
Are you looking for alluring stocks that are somewhat risky? While low-risk investments such as mutual funds, treasury bonds, and index funds may offer a modest return, it’s a return nonetheless. Between 1957 and 2021, the S&P 500 index has returned 11.88% annually on average. However, investors sometimes search for more daring options that offer future massive return potential. Expect to weather storms though, since varying events can affect the underlying share price. Keep in mind that with high risk comes high reward. Let’s examine three stocks that offer the possibility of significant future returns due to their projected profitability and/or business model. As with most risky stocks, they experience massive share swing prices. Rolls Royce Holdings (RYCEY) Source: Matheus Obst / Shutterstock.com London-based Rolls-Royce Holdings (OTC: RYCEY ) is an aerospace and defense company. It primarily markets, manufactures, and sells military aircraft engines and other aftermarket services.
— InvestorPlace