Wednesday, July 16, 2025
Permian shale output expected to set a record in December- oil and gas 360

Permian shale output expected to set a record in December

World Oil LONDON (Bloomberg) – Oil output in the Permian Basin is projected to hit a record as the largest U.S. shale patch leads the recovery in domestic production from its Covid-19 induced slump.   Supplies from the prolific oil field of West Texas and New Mexico are set to increase to 4.95 million barrels a day in December, according

Oil and gas giants hit back at climate critics, say they’re leaders in energy transition- oil and gas 360

Oil and gas giants hit back at climate critics, say they’re leaders in energy transition

CNBC The CEOs of some of the world’s leading energy companies have defended their position in the energy mix after the COP26 climate summit focused attention on the future of the industry. Energy industry leaders and insiders were plentiful at COP26 in Glasgow as government officials, corporates and activists clashed over emission-reduction targets, pledges and deals to keep global temperature rises to

European gas prices jump, rolling blackouts possible on new Nord Stream 2 delays- oil and gas 360

European gas prices jump, rolling blackouts possible on new Nord Stream 2 delays

World Oil (Bloomberg) – European natural gas jumped to a three-week high on delays in starting up a controversial new pipeline from Russia. The German regulator said Tuesday it suspended the certification procedure for the Nord Stream 2 project because the operator of the pipeline decided to set up a German subsidiary, which will be the owner of the section

‘No way around hydrogen’ says RWE CEO, as firm lays out plans to invest billions in renewables- oil and gas 360

‘No way around hydrogen’ says RWE CEO, as firm lays out plans to invest billions in renewables

CNBC Hydrogen has a key role to play in the years ahead, especially in industrial applications, according to the CEO of German power company RWE. “When you look long term, there is no way around hydrogen,” Markus Krebber, who was speaking to CNBC’s Annette Weisbach, said. In an interview broadcast Tuesday morning, Krebber claimed this was because hydrogen was “the only technology

Carbon+Intel: Talos Energy, Freeport LNG to develop CCS project on Texas Gulf Coast- oil and gas 360

Carbon+Intel: Talos Energy, Freeport LNG to develop CCS project on Texas Gulf Coast

World Oil HOUSTON – Talos Energy and Freeport LNG Development, L.P. announced that the companies have executed a letter of intent to develop a carbon capture and sequestration (“CCS”) project, the Freeport LNG CCS project (“FLNG CCS”), immediately adjacent to Freeport LNG’s natural gas pretreatment facilities located near Freeport, Texas, on the Gulf Coast, approximately 60 miles southwest of Houston,

Crude oil flat; demand-supply balance may be shifting- oil and gas 360

Crude oil flat; demand-supply balance may be shifting

Investing.com Oil prices stagnated Tuesday, consolidating after recent selling on the back of the prospect of additional supply and rising Covid-19 cases. U.S. crude futures were down 0.2% at $79.56 a barrel, while Brent futures were flat at $82.06. Both contracts closed lower Monday after falling last week, for the third week in a row. U.S. Gasoline RBOB Futures were up 1% at

IEA lifts 2022 average crude oil price assumption to $79.40/bbl- oil and gas 360

IEA lifts 2022 average crude oil price assumption to $79.40/bbl

Reuters LONDON – The International Energy Agency (IEA) on Tuesday upped its average Brent crude oil price assumption for 2022 to $79.40 a barrel, but predicted a rally may ease off as prices that hit a three-year high last month push up global production. Brent is expected to average $71.50 a barrel this year, it added, in a rarely published