#oil

Do we still need exploration? How much value has exploration created last 5yrs?

https://theenergyyear.com/news/shell-looks-to-offload-up-to-8-billion-of-us-business/

Rumor from IMAGE conference last week via Chevron personnel.

Oil major Shell has drawn interest from potential bidders, including ExxonMobil and LyondellBasell ​for its U.S. chemical assets that could fetch up ‌to $8 billion, the Financial Times reported on Monday.

https://energynow.com/2026/08/the-suitors-exxon-lyondell-among-suitors-for-shells-us-chemical-assets-could-fetch-8-billion/

Saudi Aramco offers 'crude oil' outside the Strait of Hormuz through private negotiating to some Asian refiners, according to two sources with knowledge of the matter. This is similar to Abu Dhabi National Oil Co. (ADNOC) of United Arab Emirates.

https://www.marinelink.com/blogs/blog/saudi-aramco-sells-crude-oil-to-asian-refiners-outside-of-hormuz-105327

What happens to Oxy if Trump bombs Oman? We have a big position there don’t we?

https://apnews.com/article/oman-iran-war-us-hormuz-a8298715a51159225d2f37a6d50ce682

You all actually thought you had a long-term career in the oil industry and with this company. Oh, well.

lack of standalone refiners

What happens to pearl with the strait of Hormuz going to be permanently tolled/blocked.

Chevron continues to monitor.....

Chinese doing it

https://africa.businessinsider.com/local/markets/ghana-bets-on-its-first-privately-owned-dollar198-billion-refinery-in-push-to-produce/q20pcky

So, anyone think Oxy’s Oman business is at risk because Oman is getting closer to Iran.

Will Meg come to her senses and realize that AMs desperation move to contract as a services provider to a hugely incompetent national oil company of India was a mistake. Providing technical services in brown…the darkest of brownfields offshore India does not make sense..not bp’s wheelhouse or forte ..

XOM has sold its Australian assets to Woodside. Why would XOM announce the potential acquisition of Woodside when they are minimizing foot print in Australia? 🇦🇺

Is this a co-k block so Shell or BP don’t purchase Woodside?

Who is on to explain the North Sea SALE includes 30% India resources?

Shell can’t drill it’s self to prosperity so it’s levers are buy Shell stock, offload marginal production, and try to buy a company with existing production. Shell needs a big move within the next 6 months.

How’s a Woodside and Shell marriage? Certainly satisfy the Asia market while reduced investment in the ME.

How’s Kosmos? Cheap and get instant gas to Europe

Any old timers know why EM is so reluctant to be a player in deepwater GOM?

Previously I did 1 year coop at imperial oil in 2023-2024. Now as many people have resigned. They are offering me a position in Edmonton.

Any views? Honestly what their future plans will they layoff again in 1-3 years?

Honest views required

Apache has been approached by several large public and a Malaysian NOC with the intent to sell or farm down Apache interest in Block 58. Given Apache is varied by TFE until first oil will TFE have first right of refusal?

https://www.trefis.com/stock/xom/articles/603827/exxon-saves-billions-but-margins-still-cut-in-half/2026-06-22

https://www.bloomberg.com/news/articles/2026-06-26/exxon-s-top-us-gas-trader-to-join-expand-as-exits-hit-oil-giant?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc4MjUwMDAxOSwiZXhwIjoxNzgzMTA0ODE5LCJhcnRpY2xlSWQiOiJUR1M3M01LSkg2VjQwMCIsImJjb25uZWN0SWQiOiI2MjMxN0M4NTg0RDE0OEZFODM2NEE2M0Q5QkFBMTU3OCJ9._OCGug4MNVOXOBtcdW62UbrdaZ78aG1wIZnGnoDa6gw&leadSource=uverify%20wall

There are a lot of murmurs at the C suite about direction of oil & gas and specifically Oxy’s place in that space. Its evident that the Anadarko purchase poorly positioned OXY as a specialist player (Top onshore, EOR and ME partner of choice) and significant energies, focus, and capital deployed to run and maintain the GoA offshore assets. Predicting that once oil stabilizes at $60 ish a barrel some company altering transformations are about to take place…

The global economy now uses roughly half as much energy per dollar of output as it did in 1980, helping cushion oil shocks.

Read more in F&D magazine.

https://www.imf.org/.../2026/06/picture-this-shock-absorbers

Oil prices have risen sharply with the latest war in the Middle East, reviving memories of the 1970s. The effective closure of the Strait of Hormuz, a route for about a quarter of seaborne oil trade, represents a major global supply shock. The damage will depend largely on how long the disruption lasts. Oil markets were well supplied heading into the disruption, strategic stock releases added barrels, and buoyant financial markets helped limit broader tightening in financial conditions.

Beyond these immediate buffers, two structural factors have also cushioned the blow. First, the world economy is far more energy efficient than it was 50 years ago. Each dollar of output now requires roughly half as much energy as it did in 1980.

Second, the energy system is more diversified. Oil’s share of the mix has fallen from about half in 1973 to less than a third today. Oil remains the world’s leading fuel, but it no longer dominates.

Even so, these cushions do not protect countries from pain evenly. Ultimately, the severity of the shock at the country level depends on two things: how much oil an economy imports and how much policy space its government has to respond. More than 80 percent of countries are net oil importers, and the most vulnerable entered this episode with limited room in public budgets to shield households and businesses. That is why the same global shock can become a much harsher national one where import dependence is high and policy space is thin.

3 weeks ago they warned of $140+ oil. Now we sit at $70.

Many people outside the oil industry believe oil prices will decline rapidly once the Strait reopens and remain low in the coming years. However, the CEO of global oil giant Shell (NYSE:SHEL) has a different view. He expects oil prices to continue rising long after the war ends.

Ideas? What happens to Shell’s 8 year reserve life?

Apaches how’s the vibe now? You had 100 days to feel empowered and successful…now the man behind the curtain needs to drop trousers (oil price) so the midterms don’t destabilize the wizard of Oz.

What’s break even now? Can Apache continue nickel and dimming its vendors?

I know there should be no surprise with the price of oil dropping, but Shell stock is tanking. I thought the company would have been doing better after all of the massive layoffs, divestments and stock buy backs. Have they gone too far?

WTI at 80

It’s looking competitive for Woodside as its assets are perfectly aligned with Shell

Megs ears are ringing right now. BP shares a lot in common with Woodside. Much more than XOM does. But, it would be viewed as a conflict of interest. But, Meg at BP this went away.

How many more oil companies will be left after this consolidation phase?

They do not have to give a 45 day notice to smaller buildings unless they have more than
100 employees. Apparently the goal is most of the 27 closings will happen by the end of Q2. But since that announcement gas prices have gone thru the roof along will engine oil prices/shortages. Would not be surprised if the number goes up past 27.

It’s now evident that the XOM’s Permian factory has reached an inflection point and starting to experience technical and operational challenges. Please share your experiences and potential outcomes.

Will XOM make another purchase? Who and when? Certainly missed the last opportunity and now candidate companies are overvalued by +66%.

How long will XOM maintain a +22 rig line? It’s cheaper to buy production then it is to develop your own acreage.

Here's the link to a very detailed article from the UK Daily Mail regarding the current state of affairs:-

www.dailymail.com/news/article-15878351/amp/GUY-ADAMS-BP-death-British-oil-giant-war-fossil-fuels.html

Today marks day one for me posting a critical issue / incident about bp.

DWH: Andy inglis required an announcement on a large oil discovery to continue the success story of bps deep exploration in GoA. As he often did he made a couple of calls ahead of the quarterly results to get that well done and announce success, result DWH

Looking like the sacred cow Guyana is starting to Plateau hard.

904,000bopd in May. Still impressive and above design capacity production but, some challenges are imminent.

Lisa will shortly be sub 100,000 bopd and expecting average Aug production to be south of 866,000 bopd.
At this point forecasting a -200 bopd drop every single day…
This will raise alarms in the God Pod where additional water injection will be coupled to the system. The 4 FPSOs reached Peak in May…now it’s a daily drop until the next FPSO added.

BP has finally realized that the UK North Sea sector is unsustainable and needs to divested and/or decommissioned. UK taxation authorities have made investment and upkeep untenable with a 78% tax rate. The asset condition are atrocious and will negatively impact BP permit to operate.
BP needs to to leave the UK while its easy.

Apache is producing more oil with the least amount of people in its history. What’s next for Apache? Any more consolidation or reverse mergers? BTW Repsol bailed from its reverse merger but it could have capitalized a 15 dollar a share profit and also had 4 Billion in Abandonment liability

Congrats on the Exxon farmin. Offsets APC Guyana acreage that has been in force majeure for years . Also remember it had a high gas risk associated with it.

Now that the shale plays are end of life (cheap easy oil), COP will have to look elsewhere for the next value play. Where? Venezuelea, Alaska(NPR), Nuclear?, Solar? Where?