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PEDEVCO announces 2022 financial results and operations update

Oil and Gas 360 Publishers Note: PEDEVCO Corp will be giving a presentation at 10:05 am Central Time on Wednesday, April 19, 2023 at EnerCom Dallas.  Investors can now register to attend at www.enercomdallas.com.  HOUSTON, TX / ACCESSWIRE / March 29, 2023 / PEDEVCO Corp. (NYSE American:PED) (“PEDEVCO” or the “Company”), an energy company engaged in the acquisition and development of strategic,

GOP demands speedy energy permits as price to boost debt limit- oil and gas 360

GOP demands speedy energy permits as price to boost debt limit

Yahoo Finance (Bloomberg) — Republicans are floating legislation that would ease energy permitting in exchange for raising the US debt ceiling, creating a potential path to avoid a default.   The White House is still insisting on a bill that simply raises the debt ceiling without conditions. But an agreement on energy permitting could benefit projects ranging from pipelines and

Crescent Point shifts to Alberta shale with $1.3 billion Spartan Delta acquisition- oil and gas 360

Crescent Point shifts to Alberta shale with $1.3 billion Spartan Delta acquisition

World Oil (Bloomberg) – Crescent Point Energy Corp. is accelerating its shift into Alberta’s shale plays with a C$1.7 billion ($1.3 billion) acquisition of Spartan Delta Corp.’s assets in the prolific Montney formation. The purchase will add 600 drilling locations and 38,000 boe of production, Calgary-based Crescent Point said Tuesday. The cash acquisition — which will be financed through Crescent

Venezuela's PDVSA audits accounts with tycoon's petcoke firm amid probe- oil and gas 360

Venezuela’s PDVSA audits accounts with tycoon’s petcoke firm amid probe

Nasdaq CARACAS/SINGAPORE- Venezuela’s state-run oil company PDVSA is reviewing accounts of Maroil Trading, owned by Venezuelan shipping magnate Wilmer Ruperti, over outstanding debts from petroleum coke supply, five sources close to the audit said, amid a widescale anti-corruption probe. Geneva-registered commodities firm Maroil Trading AG, responsible for most of the country’s exports of petroleum coke, also known as petcoke, owes PDVSA

US to kick off Gulf of Mexico oil drilling rights auction- oil and gas 360

US to kick off Gulf of Mexico oil drilling rights auction

BOE Report The Biden administration will hold an auction of oil leases in the U.S. Gulf of Mexico on Wednesday, the first test of demand for new investment in the region since the Russian invasion of Ukraine tightened energy supplies and sent prices soaring.   The auction fulfills a provision in President Joe Biden’s 2022 climate change law, the Inflation

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 7.5 million barrels

Weekly Crude Oil Storage as of March 24, 2023     U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 7.5 million barrels from the previous week.  At 473.7 million barrels, U.S. crude oil inventories are about 6% above the five year average for this time of year, according to the EIA crude oil and