Laredo Petroleum Provides 2022 Capital Budget and Outlook
February 22, 2022
Plan expected to deliver >$300 million of Free Cash Flow 1 in 20…
Energy prices surge on Ukraine crisis with oil closing in on $100
February 22, 2022
World Oil (Bloomberg) — Energy prices surged after Russian President Vladimir Putin signed an order to send what he called “peacekeeping forces” to the two breakaway areas of Ukraine that he officially recognized on Monday. European natural gas led the gains with as much as 13% rise, helped higher by Germany halting the approval process of the controversial Nord Stream 2 pipeline.
Oil price set to test fresh peaks barring Iran breakthrough
February 22, 2022
Nasdaq LONDON, Feb 22 – Efforts by governments to drive an economic rebound are likely to add strain to tight oil supplies and could send prices to fresh peaks, unless international talks end sanctions on Tehran and lead to a surge in Iranian exports. Nervousness of possible disruption of exports from major oil producer Russia as it masses troops on
Dakota Access pipeline suffers U.S. Supreme Court setback
February 22, 2022
Reuters WASHINGTON -The U.S. Supreme Court on Tuesday rejected a bid led by Dakota Access oil pipeline operator Energy Transfer (NYSE:) LP to avoid additional environmental review of a section that runs under an artificial lake and is opposed by nearby Native American tribes, leaving the pipeline vulnerable to being shut down. The justices left in place a lower
Vitol CEO sees oil above $100 for a ‘prolonged period’ this year
February 22, 2022
World Oil (Bloomberg) — Oil prices could be set for a “prolonged period” above $100 a barrel over the next six to nine months, with the world setting fresh demand records this year, said Vitol Group Chief Executive Officer Russell Hardy. Crude already surged to within a few dollars of that level earlier this month, as the recovery in fuel
Germany freezes Nord Stream 2 gas project as Ukraine crisis deepens
February 22, 2022
Yahoo Finance BERLIN – Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany, after Russia formally recognised two breakaway regions in eastern Ukraine. Europe’s most divisive energy project, worth $11 billion, was finished in September, but has stood idle pending certification by Germany and the
TotalEnergies announces significant oil and gas discovery in Block 58
February 22, 2022
World Oil TotalEnergies and APA Corporation have made a significant new oil and associated gas discovery at the Krabdagu-1 well, in the central area of Block 58, offshore Suriname. This follows previous discoveries at Maka, Sapakara, Kwaskwasi and Keskesi, and the successfully tested Sapakara South-1 appraisal well. Located 18 kilometers (11 miles) south-east of Sapakara South, Krabdagu-1 was drilled at
