Sunday, October 12, 2025
Texas Railroad Commission issues cold weather warning to oil & gas industry- oil and gas 360

Texas Railroad Commission issues cold weather warning to oil & gas industry

Oil Price The Railroad Commission of Texas has issued a warning on Thursday to oil and gas pipeline operators that next week will see “significantly colder temperatures.”   A statement from the RRC of Texas cited the National Weather Service, which is predicting periods of colder temperatures for the latter part of next week. The RRC is recommending that oil

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

Weekly Gas Storage: Inventories decrease by 50 Bcf

Natural Gas Inventories as of December 9, 2022 The EIA has released its natural gas inventory report, showing a net decrease of 50 Bcf as of December 9, 2022. Working gas in storage was 3,412 Bcf as of Friday, December 9, 2022, according to EIA estimates. This represents a net decrease of 50 Bcf from the previous week. Stocks were

Permian Resources announces changes to senior leadership- oil and gas 360

Permian Resources announces changes to senior leadership

World Oil (WO) — Permian Resources Corporation announced the pending retirements of two executive officers of the Company, along with their respective succession plans on Dec. 14.   Permian Resources’ Board of Directors expects to appoint Steve Gray as non-executive Chairman of the Board, succeeding Sean Smith, who has notified the Board of his plans to retire from the Board,

Petrobras sheds $41 billion in market value in 2 months- oil and gas 360

Petrobras sheds $41 billion in market value in 2 months

Oil Price Shares of leading Brazilian National Oil Company (NOC) Petroleo Brasileiro SA aka Petrobras (NYSE: PBR) lost R$30 (~US$5.6) billion in market value on Wednesday after the country’s lower house of Congress voted late on Tuesday to make it easier for politicians to take roles at state-run firms. The preferred shares of the oil and gas giant dropped 7.9% on Tuesday’s session, while the common shares fared

Biden administration attempts to reconcile with oil and gas industry- oil and gas 360

Biden administration attempts to reconcile with oil and gas industry

World Oil (Bloomberg) — Energy Secretary Jennifer Granholm extended an olive branch to the oil and gas industry, telling executives at a meeting in Washington that she recognizes fossil fuels will be around for a long time, even as the Biden administration works to transition away from them to cleaner alternatives.   Source: World Oil “We are eager to work

Oil dips as dollar firms while more rate hikes loom- oil and gas 360

Oil dips as dollar firms while more rate hikes loom

Yahoo LONDON – Oil prices steadied on Thursday after early losses as the U.S. dollar firmed while the possibility of further increases to interest rates by central banks also heightened demand concerns.   Brent crude futures were down 33 cents or 0.4% at $82.37 a barrel by 1453 GMT and U.S. crude futures lost 43 cents or 0.6% to $76.85.