Let's take a look back at the last week to determine what companies, individuals and even animals, are hot. Who's hot? China. Yes, they're beating the U.S. in the Olympic gold medal count again. By the end of Friday, the U.S. team had won 31 gold medals, while the Chinese had 47. Speaking of gold, the supermajors dominated the Western Gulf of Mexico Lease Sale 207. Coming in with the gold was ExxonMobil with $127 million in total winning bids for 130 blocks. The silver went to Chevron, whose three bids alone totaled $105 million. And the bronze goes to Norway’s StatoilHydro with a total of $87 million in high bids. Sperm whales. These whales in the Gulf of Mexico have made it into the news after a six-year study announced that the deep-diving mammals are not being disturbed by seismic testing by the ever-growing Gulf energy industry. Obama's mysterious running mate. Yes, just hours away from the next business week, which heralds the Democratic National Convention in Denver, Obama still hasn't announced his running mate. So that possibilities are still endless until an announcement is made... Happy weekend, everyone! –Lindsay Goodier, Online Editor, OilandGasInvestor.com; www.OilandGasInvestor.com; lgoodier@hartenergy.com
Recommended Reading
Shipping Industry Urges UN to Protect Vessels After Iran Seizure
2024-04-19 - Merchant ships and seafarers are increasingly in peril at sea as attacks escalate in the Middle East.
Paisie: Crude Prices Rising Faster Than Expected
2024-04-19 - Supply cuts by OPEC+, tensions in Ukraine and Gaza drive the increases.
Report: Freeport LNG Hits Sixth Day of Dwindling Gas Consumption
2024-04-17 - With Freeport LNG operating at a fraction of its full capacity, natural gas futures have fallen following a short rally the week before.
Permian NatGas Hits 15-month Low as Negative Prices Linger
2024-04-16 - Prices at the Waha Hub in West Texas closed at negative $2.99/MMBtu on April 15, its lowest since December 2022.
BP Starts Oil Production at New Offshore Platform in Azerbaijan
2024-04-16 - Azeri Central East offshore platform is the seventh oil platform installed in the Azeri-Chirag-Gunashli field in the Caspian Sea.