Sunday, June 1, 2025
Citigroup sees gas at $100/MMBtu, if winter is cold enough- oil and gas 360

Citigroup sees gas at $100/MMBtu, if winter is cold enough

World Oil SINGAPORE (Bloomberg) –Citigroup Inc. more than doubled its Asian and European natural gas forecasts for next quarter and said prices could surge to as high as $100 per million British thermal units in the event of a particularly cold winter. Liquefied natural gas prices are skyrocketing as seasonally low European inventories, booming Chinese demand and supply constraints from

Exclusive: Leucrotta Exploration at The Oil & Gas Conference

Leucrotta Exploration Inc. is a Montney focused oil and natural gas exploration and development company with lands located in the Mica area of Northeast British Columbia. Leucrotta owns 240 (net) sections of Montney acreage in the Mica and surrounding area and has identified 17.8 billion bbls of Original Oil in Place (OOIP) and 17.2 tcf of Original Gas in Place

Russia can’t solve Europe’s gas crunch as winter approaches- oil and gas 360

Russia can’t solve Europe’s gas crunch as winter approaches

World Oil MOSCOW (Bloomberg) – Europe’s worst energy crisis in decades could drag deep into the cold months as Russia is unlikely to boost shipments until at least November. Gazprom PJSC is producing the most gas in more than a decade for this time of year, but the additional output is staying at home. Russia needs to refill its storage

Syncrude Canada force majeure impacts North American crude flow- oil and gas 360

Syncrude Canada force majeure impacts North American crude flow

World Oil CALGARY (Bloomberg) –Syncrude Canada Ltd., a light crude producer majority-owned by Suncor Energy Inc., cut September supplies due to a mechanical disruption at its oil sands site, according to a person familiar with the situation. In a force majeure notice sent by one of Syncrude’s four owners earlier this month, customers were informed of a supply cut of

Exclusive: Onboard Dynamics at The Oil & Gas Conference

Founded in 2013, Onboard Dynamics is leading the climate-tech revolution with the introduction of its unique, patented natural gas compression technology. This mobile, scalable, affordable technology platform enables our customers to achieve economic value and environmental benefits by simplifying the compression and movement of natural gas. Whether they are deployed at a remote pipeline job site, in the field, or

Citi blocked PDVSA attempt to pay Siemens, executive says at trial- oil and gas 360

Citi blocked PDVSA attempt to pay Siemens, executive says at trial

Fox Business NEW YORK – Citigroup Inc blocked an attempt by Venezuelan state oil company PDVSA to make debt payments to a Siemens unit, a Citi executive testified on Wednesday in a U.S. trial over whether PDVSA is liable for the payments. n a bench trial that began on Tuesday in Manhattan federal court, PDVSA is contending that U.S. sanctions implemented in

Exclusive: Ring Energy at The Oil & Gas Conference

Ring Energy, Inc. (NYSE American: REI) is a growth oriented independent oil and natural gas company headquartered in The Woodlands, Texas. It is focused on the acquisition, exploration and development of high-quality, oil and liquids rich assets in the Permian Basin of Texas and New Mexico which is recognized as the top producing oil basin in North America. Formed in