LandBridge to acquire Permian acreage valued at $245 million from VTX Energy
(World Oil) – LandBridge today announced it has entered into a purchase and sale agreement to acquire approximately 46,000 largely contiguous surface acres in the Southern Delaware Basin known as the Wolf Bone Ranch for
LandBridge to acquire Permian acreage valued at $245 million from VTX Energy
(World Oil) – LandBridge today announced it has entered into a purchase and sale agreement to acquire approximately 46,000 largely contiguous surface acres in the Southern Delaware Basin known as the Wolf Bone Ranch for total consideration of $245 million in
U.S. Midstream mergers continue with $1.2 billion natural gas pipelines deal
(Oil Price) – Pipeline owner and operator DT Midstream will buy three interstate
Analysis-OPEC+ may stick with deep oil cuts for longer due to weak demand
(Investing)– LONDON – OPEC+ will have little room to manoeuvre on oil policy
HSM Offshore Energy rolls out THOR OHVS topside
(World Oil) – (WO) — HSM Offshore Energy, a leader in the
U.S. Midstream mergers continue with $1.2 billion natural gas pipelines deal
(Oil Price) – Pipeline owner and operator DT Midstream will buy three interstate natural gas pipeline systems from ONEOK for $1.2 billion in cash as the consolidation in the industry has extended to midstream operations. Detroit-based DT Midstream, which owns and
Analysis-OPEC+ may stick with deep oil cuts for longer due to weak demand
(Investing)– LONDON – OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because some members want to pump
HSM Offshore Energy rolls out THOR OHVS topside
(World Oil) – (WO) — HSM Offshore Energy, a leader in the EPCIC of multidisciplinary offshore renewable projects, has successfully rolled out the THOR OHVS (Offshore High Voltage Substation) and lifted the GIS modules for RWE Renewables at its Schiedam
Company to watch
Weekly Inventories
U.S. crude oil inventories increase by 0.5 million barrels
Weekly Crude Oil Storage as of November 15, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.5 million barrels from the previous week. At 430.3 million barrels, U.S. crude oil inventories are 4%
Weekly Gas Storage: Inventories increase by 42 Bcf
Natural Gas Inventories as of November 8, 2024 The EIA has released its natural gas inventory report, showing a net increase of 42 Bcf as of November 8, 2024. Working gas in storage was 3,974 Bcf as of Friday, November
U.S. rig count decreased by 1 as of this week, at 584
This week’s Baker Hughes Rig Count shows that the U.S. had a decrease of 1 over last week, resulting in a total count of 584 rigs. Canada had a decrease of 7 over last week, resulting in a total Canadian
