The elected president of Venezuela Edmundo González Urrutia had to flee to Spain and is currently in exile in that country after the regime issued an arrest warrant against him for subversion. González Urrutia obtained 67% of the votes in the election day of July 28, against 30% for Nicolás Maduro with 83.5% of the votes verified with published tally sheets, winning in all states (source: resultadosconvzla.com). We reject the arrest warrant, and the fraud intended by the National Electoral Council – CNE of Venezuela, proclaiming Nicolás Maduro as president-elect for a new presidential term and its ratification by the Supreme Court of Justice-TSJ, both without showing the voting minutes or any other support.  EnergiesNet ” Latin America & Caribbean web portal with news and information on Energy, Oil, Gas, Renewables, Engineering, Technology, and Environment.– Contact : Elio Ohep, editor at  EnergiesNet@gmail.com +584142763041-   The elected president of Venezuela Edmundo González Urrutia had to flee to Spain and is currently in exile in that country after the regime issued an arrest warrant against him for subversion. González Urrutia obtained 67% of the votes in the election day of July 28, against 30% for Nicolás Maduro with 83.5% of the votes verified with published tally sheets, winning in all states (source: resultadosconvzla.com). We reject the arrest warrant, and the fraud intended by the National Electoral Council – CNE of Venezuela, proclaiming Nicolás Maduro as president-elect for a new presidential term and its ratification by the Supreme Court of Justice-TSJ, both without showing the voting minutes or any other support.
10/14 Closing Prices / revised 10/15/2024 08:30 GMT | 10/14 OPEC Basket  $77.18 –$1.25 cents | 10/14 Mexico Basket (MME)  $68.73 –$ 1.60 cents 08/31 Venezuela Basket (Merey)  $62 15   +$1.66 cents  10/14 NYMEX Light Sweet Crude $73.83 -$1.73 cents | 10/14 ICE Brent Sept $77.46 -$1.58 cents | 10/14 Gasoline RBOB NYC Harbor $2.11 -2% | 10/14 Heating oil NY Harbor  $2.27 -3% | 10/14 NYMEX Natural Gas $2.49 -5.2% | 10/11 Active U.S. Rig Count (Oil & Gas)  586 +1 | 10/15 USD/MXN Mexican Peso19.3870 (data live) 10/15 EUR/USD  1.0906 (data live) | 10/15 US/Bs. (Bolivar)  $37.88800000 (data BCV) | Source: WTRG/MSN/Bloomberg/MarketWatch

Woodside says Santos merger talks still at early stage as it forecasts higher production – Reuters

A plant decorates the booth of Australian petroleum exploration and production company Woodside Energy during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 13, 2023. REUTERS/Chris Helgren
A plant decorates the booth of Australian petroleum exploration and production company Woodside Energy during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 13, 2023. (Chris Helgren/Reuters)

Lewis Jackson and Himanshi Akhand, Reuters

BENGALURU/SYDNEY
EnergiesNet.com 01 26 2024

Woodside Energy (WDS.AX), opens new tab

CEO Meg O’Neill said on Wednesday there was no recent precedent for sizable premiums in oil and gas deals as the producer reported it was still in the early stages of talks over a potential $52 billion merger with Santos (STO.AX).

The company on Wednesday forecast a jump in 2024 production and reported a 3% sequential rise in fourth-quarter revenue on higher realised prices.

Asked about reports that Santos shareholders want any merger to come with a sizable premium, O’Neill said recent deals in the sector had tended in the opposite direction.

“I would note there have been a number of mergers announced within the last three or four months in the oil and gas sector, in both Europe and the US, and the precedents for our sector is really low to nil premium,” O’Neill said in an interview.

The comments reveal a potential gulf between the expectations of Santos shareholders eager for a meaty premium after years of disappointing share performance and a Woodside concerned about overpaying for its smaller rival.

Woodside and Santos in December confirmed they were in preliminary talks to create a major oil and gas company, which together would have assets in Australia, Alaska, the Gulf of Mexico, Papua New Guinea, Senegal and Trinidad and Tobago.

O’Neill said talks were still at an early stage and there was no certainty a deal would progress. Woodside would be disciplined and only pursue a transaction that was “value-accretive for shareholders,” she added.

The country’s top independent gas producer reported on Wednesday a record 2023 production of 187.2 million barrels of oil equivalent (mmboe) and flagged the potential for further growth in this year’s guidance of 185 million to 195 mmboe.

Revenue rose 3% to $3.36 billion for the December quarter thanks to a jump in realised prices, compared with $3.26 billion in the previous quarter. It missed a Visible Alpha consensus estimate of $3.59 billion, according to RBC.

While milder winters in Asia and Europe had led to slightly softer liquefied natural gas (LNG) pricing compared to previous years, O’Neill said she remained “bullish” about the fuel’s long term prospect.

Reporting by Himanshi Akhand and Ayushman Ojha in Bengaluru, Lewis Jackson in Sydney; Editing by Sriraj Kalluvila

reuters.com 01 25 2024

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