Obsidian Energy Announces 2023 Guidance and Significant 2022 Reserves Value Increase with Year-End Reserves Report
January 30, 2023
• 2023 capital expenditures includes development and exploration/appraisal programs with …
Oil and gas in for turbulent year as governments and industry butt heads
January 30, 2023
Oil Price Windfall taxes, price caps, and calls for more oil and gas production marked 2022 in oil and gas. It looks like we’re in for a lot more of the same this year, especially with Western governments doubling down on their emission-reduction ambitions. The record profits that oil and gas majors raked in last year thanks to the price
New York company to drill new oil wells in Texas Panhandle
January 30, 2023
World Oil (WO) – Joseph Sassoon Group (JSG), a New York-based investment management company, has secured the oil and gas interests across 23,958 acres of late oil tycoon T Boone Pickens’ Mesa Vista Ranch. According to JSG, the company will drill at least one well every six months until the area is fully developed. JSG will drill its first
BP believes oil demand will peak near 2030 as shift to renewables accelerates
January 30, 2023
Oil Price Global oil demand is expected to peak between the late 2020s and early 2030s as the Russian invasion of Ukraine is accelerating investment in clean energy and governments are looking to bolster energy security with higher shares of renewables in the energy mix, BP said on Monday. In one of the most closely-watched industry reports, the BP Energy Outlook 2023 with
World Oil Forecast: Congressman and industry experts offer upbeat view for 2023
January 30, 2023
World Oil Houston (WO) – Featuring a “first look” at anticipated upstream oil and gas trends for 2023, World Oil hosted its 55th annual Forecast Breakfast on Jan. 27 at the Norris Conference Center in Houston, Texas. Over 300 industry professionals representing operators, service companies, drilling contractors and others attended the event, featuring projections, data and analysis on
Shell plc announces Executive Committee and Directorate changes
January 30, 2023
BOE Report London, 30 January 2023 – Shell plc is to reduce the size of its Executive Committee (EC) from nine to seven members in a decisive move designed to simplify the organisation further and improve performance as we deliver our Powering Progress strategy. Under the changes, which are expected to take effect on 1 July 2023, Shell’s Integrated Gas and
Oil falls as rate hikes loom and Russian flows stay strong
January 30, 2023
CNBC Oil prices extended losses on Monday as looming increases to interest rates by major central banks and signs of strong Russian exports offset rising Middle East tension over a drone attack in Iran and hopes of higher Chinese demand. Investors expect the U.S. Federal Reserve to raise rates by 25 basis points on Wednesday, followed the day after by half-point
X-energy Canada and Invest Alberta Collaborate to Develop Economic Opportunities in Support of Potential Xe-100 SMR Projects
January 30, 2023
The Memorandum of Understanding will advance X-energy’s growing relationships in Alberta, …
