ConocoPhillips

AM Best Assigns Credit Ratings to Rodeo Insurance Company

Retrieved on: 
Thursday, March 7, 2024

AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to Rodeo Insurance Company (Rodeo) (Houston, TX).

Key Points: 
  • AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to Rodeo Insurance Company (Rodeo) (Houston, TX).
  • For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Affirms Credit Ratings of Sooner Insurance Company

Retrieved on: 
Thursday, March 7, 2024

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Sooner Insurance Company (Sooner) (Colchester, VT).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Sooner Insurance Company (Sooner) (Colchester, VT).
  • For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Esperanza and Andros Capital Partners Announce Acquisition of Ursa Princess from ExxonMobil and Formation of Deepwater Gulf of Mexico Joint Venture

Retrieved on: 
Wednesday, February 21, 2024

The Ursa acquisition includes current production of ~8,500 Boe/d (82% oil) net to ExxonMobil’s interest as well as associated infrastructure, including the Ursa Tension Leg Platform (“Ursa TLP”) host facility.

Key Points: 
  • The Ursa acquisition includes current production of ~8,500 Boe/d (82% oil) net to ExxonMobil’s interest as well as associated infrastructure, including the Ursa Tension Leg Platform (“Ursa TLP”) host facility.
  • Ursa is operated by Shell Offshore Inc. (“Shell”), a subsidiary of Shell plc, a leading operator in the Deepwater GOM.
  • Upon Closing, ECP (15.96%) joins other non-operated working interest partners BP Exploration & Production Inc (22.69%) and ConocoPhillips (15.96%).
  • The privately negotiated acquisition represents ECP’s third investment in the GOM through its partnership with Cockrell Interests (“Cockrell”) since 2021.

A Natural Gas Boom Is Looming For Europe

Retrieved on: 
Thursday, March 7, 2024

LONDON, March 7, 2024 /PRNewswire/ -- Europe is weathering its second winter since it cut itself off from Russian natural gas, but beyond that, without its own sufficient supplies, the continent remains vulnerable to the whims of a volatile global market.  Companies mentioned in this release include: Chevron Corporation (NYSE:CVX), ExxonMobil Corporation (NYSE:XOM), ConocoPhillips (NYSE:COP), Talos Energy Inc. (NYSE:TALO), Cheniere Energy, Inc. (NYSE:LNG).

Key Points: 
  • Also in Germany, MCF Energy now has the Reudnitz Gas field concession, a large-scale natural gas prospect initially discovered in 1964.
  • And the timing is significant: Europe has underinvested in natural gas as it strives to lower carbon emissions, but natural gas is turning out to be the accepted bridge fuel for the world's energy transition.
  • The company's aggressive expansion into natural gas is paired with robust oil operations, suggesting a well-rounded vision for the future.
  • Cheniere Energy, Inc. (NYSE:LNG), pioneers the liquefied natural gas (LNG) sector in the United States, operating the country's first LNG export facilities.

A Natural Gas Boom Is Looming For Europe

Retrieved on: 
Thursday, March 7, 2024

LONDON, March 7, 2024 /PRNewswire/ -- Europe is weathering its second winter since it cut itself off from Russian natural gas, but beyond that, without its own sufficient supplies, the continent remains vulnerable to the whims of a volatile global market.  Companies mentioned in this release include: Chevron Corporation (NYSE:CVX), ExxonMobil Corporation (NYSE:XOM), ConocoPhillips (NYSE:COP), Talos Energy Inc. (NYSE:TALO), Cheniere Energy, Inc. (NYSE:LNG).

Key Points: 
  • Also in Germany, MCF Energy now has the Reudnitz Gas field concession, a large-scale natural gas prospect initially discovered in 1964.
  • And the timing is significant: Europe has underinvested in natural gas as it strives to lower carbon emissions, but natural gas is turning out to be the accepted bridge fuel for the world's energy transition.
  • The company's aggressive expansion into natural gas is paired with robust oil operations, suggesting a well-rounded vision for the future.
  • Cheniere Energy, Inc. (NYSE:LNG), pioneers the liquefied natural gas (LNG) sector in the United States, operating the country's first LNG export facilities.

Bill Gates to Address CERAWeek by S&P Global in Houston, March 18-22

Retrieved on: 
Wednesday, March 6, 2024

HOUSTON, March 6, 2024 /PRNewswire/ -- Bill Gates will be among the speakers at the 42nd annual CERAWeek by S&P Global, March 18-22 in Houston.

Key Points: 
  • The week-long event will also include the CERAWeek Innovation Agora , serving as the center of technology and innovation programming at the conference.
  • The 2024 program will also feature expanded " Agora Hubs "—dedicated areas focused on climate, hydrogen and carbon.
  • Members of the media interested in covering CERAWeek 2024 are required to apply for accreditation.
  • Applications are subject to approval and can be submitted at the following link: https://reg.spglobal.com/flow/spglobal/ceraweek24/mediareg/login

This Could Be The Most Exciting Natural Gas Play in Europe

Retrieved on: 
Thursday, February 29, 2024

LONDON,  February 29, 2024  /PRNewswire/ -- Supergiants like Exxon are focused on big offshore venues like Guyana and Namibia, leaving behind prime onshore natural gas assets in Europe - a region that is now desperate for affordable domestic resources that Russian Gazprom doesn't control.  Companies mentioned in this release include:  Chevron (NYSE:CVX), ExxonMobil (NYSE:XOM), ConocoPhillips (NYSE:COP), Talos Energy (NYSE:TALO), Cheniere Energy (NYSE:LNG).

Key Points: 
  • Welchau is adjacent to an up-dip from a discovery that intersected at a gas column of at least 400 meters, testing condensate rich for pipeline-quality gas.
  • Natural gas is being reclassified as green and sustainable, which is a boon for the development of MCF Energy's assets.
  • Their strategic moves in the natural gas sector, especially with their investments in LNG projects and shale gas explorations, position them as a leader in this segment.
  • Their investments in natural gas, especially in North America and Asia, mirror the world's shifting energy consumption patterns.

This Could Be The Most Exciting Natural Gas Play in Europe

Retrieved on: 
Thursday, February 29, 2024

LONDON, February 29, 2024  /PRNewswire/ -- Supergiants like Exxon are focused on big offshore venues like Guyana and Namibia, leaving behind prime onshore natural gas assets in Europe - a region that is now desperate for affordable domestic resources that Russian Gazprom doesn't control.  Companies mentioned in this release include:  Chevron (NYSE:CVX), ExxonMobil (NYSE:XOM), ConocoPhillips (NYSE:COP), Talos Energy (NYSE:TALO), Cheniere Energy (NYSE:LNG).

Key Points: 
  • Welchau is adjacent to an up-dip from a discovery that intersected at a gas column of at least 400 meters, testing condensate rich for pipeline-quality gas.
  • Natural gas is being reclassified as green and sustainable, which is a boon for the development of MCF Energy's assets.
  • Their strategic moves in the natural gas sector, especially with their investments in LNG projects and shale gas explorations, position them as a leader in this segment.
  • Their investments in natural gas, especially in North America and Asia, mirror the world's shifting energy consumption patterns.

US Secretary of Energy Jennifer M. Granholm to Address CERAWeek by S&P Global in Houston, March 18-22

Retrieved on: 
Wednesday, February 28, 2024

HOUSTON, Feb. 28, 2024 /PRNewswire/ -- U.S. Secretary of Energy Jennifer M. Granholm will deliver a plenary address to delegates at the 42nd annual CERAWeek by S&P Global, March 18-22 in Houston.

Key Points: 
  • The week-long event will also include the CERAWeek Innovation Agora , serving as the center of technology and innovation programming at the conference.
  • The 2024 program will also feature expanded " Agora Hubs "—dedicated areas focused on climate, hydrogen and carbon.
  • Members of the media interested in covering CERAWeek 2024 are required to apply for accreditation.
  • Applications are subject to approval and can be submitted at the following link: https://reg.spglobal.com/flow/spglobal/ceraweek24/mediareg/login

CERAWeek by S&P Global 2024 to Convene Energy CEOs, Government Officials and Business and Technology Leaders in Houston, March 18-22

Retrieved on: 
Monday, February 26, 2024

HOUSTON, Feb. 26, 2024  /PRNewswire/ -- The 42nd annual gathering of CERAWeek by S&P Global—the world's preeminent energy conference—will convene energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities, March 18-22 in Houston.

Key Points: 
  • Learn more at www.ceraweek.com
    HOUSTON, Feb. 26, 2024 /PRNewswire/ -- The 42nd annual gathering of CERAWeek by S&P Global—the world's preeminent energy conference—will convene energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities, March 18-22 in Houston.
  • "The increasing focus on energy transition following COP28 coincides with a growing realization of just how complex the road ahead will be," said Yergin.
  • Meeting those challenges, and realizing the promise, of the new energy future will be the focus of the world's energy leaders at CERAWeek 2024 in Houston."
  • The CERAWeek 2024 conference program will explore key themes related to:
    Energy Markets – How will supply and demand balance in a world of uncertainty?