/C O R R E C T I O N — Marathon Oil Corporation/
December 27, 2022
/C O R R E C T I O N — Marathon Oil Corporation/ PR Newswire In the news relea…
Marathon Oil Completes Eagle Ford Acquisition
December 27, 2022
Marathon Oil Completes Eagle Ford Acquisition PR Newswire HOUSTON , Dec. …
The top energy stories of 2022
December 27, 2022
Oil Price Often one event will impact the energy sector in multiple ways. In 2020 it was the emergence and subsequent consequences of the COVID-19 pandemic that had a cascading impact on the year’s energy stories. We continued to feel the lingering impact even this year, as supply chain issues combined with an economic recovery caused energy prices to soar. However,
The offshore drilling market is booming again
December 27, 2022
Oil Price Demand for offshore rigs for overseas drilling has soared this year even as U.S. oil-rig growth has plateaued. According to Baker Hughes, there are now 622 oil rigs operating in the U.S., down from the 683 in operation in March of 2020 at the onset of the pandemic and unchanged from six weeks ago. This has caused day
Japanese firms sign multi-year agreements to buy LNG from Oman, U.S.
December 27, 2022
Nasdaq TOKYO – Japanese companies have inked several deals to receive liquefied natural gas (LNG) supplies, with an up to 10 years basic agreement reached with Oman LNG and a 20 year deal signed with U.S.-based Venture Global on Tuesday. Global LNG supply has been tight since Russia invaded Ukraine and cut gas supply flows to Europe, leading European
Analysis: Argentina’s Vaca Muerta shale boom is running out of road
December 27, 2022
Nasdaq ANELO, Argentina – Argentina’s booming shale production in Vaca Muerta, a formation that rivals the United States’ Permian Basin, is at risk of running out of road as infrastructure to handle the oil and gas nears capacity, threatening to put the brakes on rapid growth. The government is now racing to build out infrastructure: a major new gas pipeline
WTI oil jumps above $80 as China scraps Covid restrictions
December 27, 2022
Oil Price The U.S. benchmark oil price rose on Monday evening and early on Tuesday to above $80 per barrel after China announced on Monday a major easing of its Covid travel quarantine rules and after Winter Storm Elliott knocked offline around 1.5 million bpd of refinery capacity in the U.S. Gulf Coast. As of early morning trade in
Russia says Europe will struggle to replace its oil products
December 27, 2022
Oil Price Europe will find it difficult to replace Russian crude oil and product supply once the full effect of the EU embargoes on Russian petroleum products is felt, according to Russian Deputy Prime Minister Alexander Novak. “Europe used to be a key market for the sale of our oil products. Let us wait and see which decisions they
