Suncor Energy Provides Update on Commerce City Refinery
December 28, 2022
Calgary, Alberta–(Newsfile Corp. – December 28, 2022) – Suncor Energy (TSX: SU) (NYSE: SU) today…
Emerging energy technology, alternative energy and traditional oil and gas start-up ventures are invited to present at The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines, February 22–23, 2023
December 28, 2022
Oil and Gas 360 There is no cost to register and attend The Energy Venture Investment Summit for qualified investors to meet entrepreneurs and learn about innovative companies and ideas that shape the future of energy. Register at www.theenergyventuresummit.com. The Energy Venture Investment Summit is a unique investment conference opportunity for growing companies to pitch their business to a captive audience
Credit Suisse predicts $63 oil
December 28, 2022
Oil Price Brent crude prices have been on a sharp decline since peaking in June, nearly giving up all the year’s gains. And Credit Suisse says the selloff is not yet over. “The market remains well below its 55-Day Moving Average and 200DMA at 89.01 and 100.67, and with medium-term momentum declining and global growth concerns looming, we think further weakness
Exxon sues EU in move to block new windfall tax on oil companies
December 28, 2022
Yahoo News U.S. oil major Exxon Mobil Corp is suing the European Union in a bid to force it to scrap the bloc’s new windfall tax on oil groups, arguing Brussels exceeded its legal authority by imposing the levy. Record profits this year by oil companies benefiting from high energy prices have boosted inflation around the world and led to
Marathon Oil completes Eagle Ford acquisition for $3 billion
December 28, 2022
World Oil Marathon Oil Corporation completed its acquisition of the Eagle Ford assets of Ensign Natural Resources for a total cash consideration of $3 billion after considering closing adjustments. The acquisition was previously announced on Nov. 2. The assets acquired from Ensign Natural Resources (99% operated, 97% working interest) span Live Oak, Bee, Karnes, and Dewitt Counties across the condensate,
Oil prices slightly down but hopeful on China demand optimism
December 28, 2022
BOE Report Oil prices edged lower on Wednesday but are hopeful of a recovery in fuel demand as China continues to ease its COVID-19 restrictions, though gains were capped by recession concerns and restarts at some U.S. energy plants shut by winter storms. West Texas Intermediate Crude dropped 44 cents, or 0.54%, to $79.43 per barrel. Brent futures for February
U.S. natgas futures slide over 9% to 2-month low on less cold weather
December 28, 2022
Nasdaq U.S. natural gas futures dropped more than 9% to a two-month low on Wednesday on forecasts for warmer weather over the next two weeks than previously expected that could result in lower heating demand. On its last day as the front-month, gas futures NGc1 slipped 49.2 cents, or 9.3%, to $4.790 per million British thermal units (mmBtu) by 09:37 a.m. EST
Petroteq Announces Update on Application for Management Cease Trade Order
December 28, 2022
Toronto, Ontario and Los Angeles, California–(Newsfile Corp. – December 28, 2022) – Petroteq En…
