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January 2023

U.S. shale executives concerned about labor shortages amidst rising costs in 2023- oil and gas 360

U.S. shale executives concerned about labor shortages amidst rising costs in 2023

January 3, 2023

World Oil (Bloomberg) — U.S. shale executives remain concerned about the outlook for rising costs going into 2023 as they continue to struggle with hiring and retaining workers, according to the Federal Reserve Bank of Dallas. “The labor market continues to be incredibly tight in the Permian Basin,” one unidentified respondent was quoted as saying in the bank’s latest quarterly energy

U.S. natgas price collapse cut 2023 widow maker premium to record low-oil and gas 360

U.S. natgas price collapse cut 2023 widow maker premium to record low

January 3, 2023

BOE Report U.S. natural gas futures dropped to a 10-month low on Tuesday, cutting the March-April spread to a record low as forecasts for mild weather and low heating demand in January force some in the market to give up on hopes for extreme cold in coming weeks. The gas industry calls the March-April spread the “widow maker” because rapid

U.S. Department of Energy advances MMEX Resources to final application stage for Trans Permian H2Hub-oil and gas 360

U.S. Department of Energy advances MMEX Resources to final application stage for Trans Permian H2Hub

January 3, 2023

World Oil (WO) — MMEX Resources Corp., sponsor of the Trans Permian H2Hub announced that The U.S. Department of Energy (DOE) approved its concept paper to advance to the final application stage under the guidance for funding clean hydrogen infrastructure. On September 22, 2022, the DOE released its Funding Opportunity Announcement (FOA) to solicit Regional Clean Hydrogen Hubs (H2Hubs) under

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