Sunday, November 9, 2025
Norway's energy firms plan $1.7 bln oil, gas developments- oil and gas 360

Norway’s energy firms plan $1.7 bln oil, gas developments

Gulf Today Equinor and Aker BP set out plans to develop four oil and gas discoveries with a total price tag of 14.5 billion Norwegian crowns ($1.69 billion) as part of Norway’s efforts to maximise output from its existing fields. The Nordic nation, which began to extract oil and gas 50 years ago, believes it has still only pumped about

Tellurian looks to grow U.S. gas output organically and through M&A- oil and gas 360

Tellurian looks to grow U.S. gas output organically and through M&A

Reuters U.S. liquefied natural gas (LNG) developer Tellurian Inc wants to grow gas production by adding to its own output and through mergers and acquisitions, the company’s executive chairman Charif Souki said this week. He said this was “a once in a life-time opportunity” for producers to merge or be acquired because they can realize much better revenue by being

Oil rises on lower U.S. stockpiles, demand recovery- oil and gas 360

Oil rises on lower U.S. stockpiles, demand recovery

Reuters NEW YORK – Oil prices rose on Wednesday, heading for monthly and quarterly gains, after data showed U.S. crude stockpiles were shrinking and an OPEC report foresaw an undersupplied market this year. The Brent crude contract for August, due to expire on Wednesday, was up 28 cents, or 0.4% at $75.04 a barrel by 11:22 (1522 GMT.) The September

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 6.7 million barrels

Weekly Crude Oil Storage as of June 25, 2021   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.7 million barrels from the previous week. At 452.3million barrels, U.S. crude oil inventories are about 6% below the five year average for this time of year, according to the EIA crude oil and petroleum weekly

Analysis: Fast and furious first half of 2021 keeps financial markets at full throttle- oil and gas 360

Analysis: Fast and furious first half of 2021 keeps financial markets at full throttle

Reuters LONDON – After the unprecedented pandemic-driven swings in global financial markets last year 2021 was never going to be dull, and so it has proved. Vaccine programmes and some of the biggest fiscal and central bank stimulus ever seen have made for compelling viewing. Oil’s 45% surge will be its best start to a year since 2009, world stocks

Column: Rising oil price will draw response from consumers- oil and gas 360

Column: Rising oil price will draw response from consumers

Todayonline LONDON – Oil prices have risen above the long-term average, once adjusted for inflation, and are likely to encounter increasing resistance from consumers if they continue to climb. Front-month Brent futures are trading around $75 per barrel compared with an inflation-adjusted median of just over $70 since the start of the century (https://tmsnrt.rs/3dqmMgT). Hedge funds and other money managers