January 13, 2022 – Oil & Gas 360

Exclusive Interview: Qnergy – stirling engines for addressing methane emissions - oil and gas 360

Exclusive Interview with TAQ Energy Founder and CEO Eric Bruesewitz- A New Generation for Plug and Abandonment

January 13, 2022

Publisher’s Note: Dan Genovese with EnerCom interviewed TAQ Energy Founder and CEO Eric Bruesewitz to discuss their comprehensive abandonment services to energy operators and states. TAQ Energy is a new generation plugging and abandonment company with a primary goal to support the O&G industry by positively impacting the environmental footprint and returning the land back to communities where they work. TAQ

‘Green’ fuels will cost the consumer — but we need to think long term, Maersk CEO says

January 13, 2022

CNBC The CEO of shipping giant Moller-Maersk admitted to CNBC Thursday that shifting to “green” fuels would come at a cost, but emphasized the importance of focusing on the bigger picture rather than short-term pain. Soren Skou’s comments come a day after his company said it wanted the entire business to reach net-zero greenhouse gas emissions in the year 2040, 10 years

EIA expects shale to drive record U.S. oil production in 2023

January 13, 2022

World Oil (Bloomberg) –U.S. annual oil production is set to rise to a record next year as shale producers continue to boost output. Oil supply will average 12.41 million barrels a day in 2023, according to the Energy Information Administration. That would surpass the current annual high of 12.3 million barrels a day set in 2019, the EIA said

CNOOC raising oil, gas output by 6% this year

January 13, 2022

Oil Now (S&P Global Platts) China’s offshore giant CNOOC targets to lift its oil and gas output by 6% on the year to 1.66 million boe/d in 2022, with most of its effort to go into boosting domestic production, CFO Xie Weizhi said in a press conference late Jan. 11. “The company’s 2022 production target is 600-610 million boe,

U.S. gasoline markets point to bad news for Biden this summer

January 13, 2022

World Oil (Bloomberg) –The gasoline market is painting a picture of tight supplies this summer — the last thing Joe Biden will want to see as he tries to contain high fuel prices. On the New York Mercantile Exchange, futures contracts for gasoline are in an increasingly bullish structure called backwardation. They show that those who trade the fuel expect

IEA urges Canada to use clean power resources to help cut emissions

January 13, 2022

Reuters CALGARY, Alberta – Canada, the world’s fourth-largest oil producer, needs to give clear policy signals and leverage its abundant clean electricity resources to sharply cut carbon emissions, the International Energy Agency (IEA) said on Thursday in a review of the country’s energy policies. More than 80% of Canada’s electricity supply comes from non-emitting sources, mainly thanks to its huge

Exxon moving to sell off U.S. shale gas properties stretching across 27,000 acres

January 13, 2022

Oil Now Exxon Mobil on Tuesday launched the sale of shale gas properties stretching across 27,000 acres in the Appalachian basin of Ohio, the company confirmed, part of an ongoing divestiture of U.S. assets. The top U.S. oil producer is marketing 61 wells that last year produced around 81 million cubic feet per day equivalent (mmcfd) of natural gas, according

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories decrease by 179 Bcf

January 13, 2022

Natural Gas Inventories as of January 7, 2022 The EIA has released its natural gas inventory report, showing a net decrease of 179 Bcf as of January 7, 2022. Working gas in storage was 3,016 Bcf as of Friday, January 7, 2022, according to EIA estimates. This represents a net decrease of 179 Bcf from the previous week. Stocks were

Titanium Corporation Announces Completion of Private Placement

January 13, 2022

CALGARY, Alberta, Jan. 13, 2022 (GLOBE NEWSWIRE) — Titanium Corporation Inc. (the “Compa…

Premium Content