Monday, May 5, 2025
Iraq may make decision on Halliburton gas deal in May- oil and gas 360

Iraq may make decision on Halliburton gas deal in May

World Oil (Bloomberg) — Iraq’s cabinet may reactivate a deal with Halliburton Co. to drill wells in a western gas field in Akkas next month, Oil Minister Ihsan Abdul Jabbar told local media. An agreement with Halliburton would enable the oil ministry to get clear data on the production capacity of the Akkas field and it may reach a decision

Southwest Gas Holdings to consider sale after another acquisition bid- oil and gas 360

Southwest Gas Holdings to consider sale after another acquisition bid

Nasdaq Southwest Gas Holdings Inc SWX.N said on Monday it would evaluate selling itself, among other alternatives, after an unnamed potential buyer showed interest in acquiring the utility at a price “well in excess” of Carl Icahn’s $82.50 per share offer. Southwest Gas, which did not give any clear details on the interested party’s offer, had rejected Icahn’s bid as “inadequate”

China's daily coal output in March hits record high- oil and gas 360

China’s daily coal output in March hits record high

Nasdaq BEIJING – China’s coal output rose 15% in March from the same month a year ago, with daily production climbing to a record, as Beijing urged miners to crank up operations to ensure steady market supply. China churned out 395.79 million tonnes of coal last month, data from the National Bureau of Statistics (NBS) showed on Monday, equivalent to

Saudi February crude exports hit near two-year high- oil and gas 360

Saudi February crude exports hit near two-year high

Nasdaq Saudi Arabia’s crude exports in February rose to 7.307 million barrels per day (bpd), the highest level since April 2020, official data showed on Monday. Crude oil exports in February rose 4.4% from about 7 million bpd reported for January. The world’s largest oil exporter’s February crude production also rose to its highest level in nearly two years at

Natural gas surges to highest level since 2008 as Russia’s war upends energy markets- oil and gas 360

Natural gas surges to highest level since 2008 as Russia’s war upends energy markets

CNBC U.S. natural gas prices surged to the highest level in more than 13 years Monday as Russia’s war on Ukraine causes a global energy crunch, and as forecasts called for cooler spring temperatures. Futures jumped more than 6% to trade as high as $7.80 per million British thermal units, the highest since October 2008. The jump builds on recent strength,

Oil rises as Libya outages add to Russia supply fears- oil and gas 360

Oil rises as Libya outages add to Russia supply fears

Yahoo Finance LONDON  -Oil rose on Monday in choppy trade, with Brent crude topping $113 a barrel, as outages in Libya deepened concern over tight global supply and the Ukraine crisis dragged on, offsetting concern over slowing Chinese demand. Adding to supply pressures from sanctions on Russia, Libya’s National Oil Corp on Monday warned “a painful wave of closures” had

Biden resumes new oil and gas drilling on public land, offering less land and higher fees- oil and gas 360

Biden resumes new oil and gas drilling on public land, offering less land and higher fees

World Oil (Bloomberg) — President Joe Biden’s administration is dramatically curtailing U.S. public land available for new oil and gas development as it seeks to impose more environmental protections and financial limitations on the activity. The shift is part of a Bureau of Land Management plan to resume selling drilling rights on government-managed federal lands concentrated in the western U.S.