July 7, 2023

Kolibri Global Energy increases production with three more successful Oklahoma wells

July 7, 2023

World Oil Publisher’s Note: Kolibri Global Energy will be a presenter at the 28th annual EnerCom Denver – The Energy Investment Conference that brings together energy companies, investors, analysts, and key industry leaders. Register to attend at www.enercomdenver.com (WO) – Kolibri Global Energy Inc. announced three more successful wells in its Tishomingo field in Oklahoma, which have been adding over

U.S. shale production costs are finally falling

July 7, 2023

Oil Price After years of rising production costs amid post-pandemic inflation, the U.S. Shale Patch can finally breathe a sigh of relief after the cost trajectory hit a turning point. Production costs fell 1% year-on-year in the second quarter, marking the first time they have shrunk in three years. Drill pipe prices have halved this year, daily rig rates are

Shell expects ‘significantly lower’ trading in gas business

July 7, 2023

Yahoo Energy giant Shell has warned that trading from its gas division is set to be “significantly lower” for the past three months compared with the previous quarter. The London-listed oil and gas firm said trading was affected by seasonal factors in the second quarter of 2023. Nevertheless, it stressed that the performance from the gas operation would be in line

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count had an increase of 6 this week, at 680

July 7, 2023

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had an increase of 6 over last week, resulting in a total count of 680 rigs. Canada had an increase of 8 over last week, resulting in a total Canadian count of 175 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Haynesville

Oil on track for second straight weekly gain on resilient demand

July 7, 2023

BOE Report Oil prices rose slightly on Friday and were on track for their second straight weekly gain, as resilient demand resulted in a larger-than-expected fall in U.S. oil stocks, offsetting fears of higher U.S. interest rates. Brent crude futures were up 20 cents, or 0.3%, at $76.72 a barrel at 0304 GMT, while U.S. West Texas Intermediate crude gained

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 72 Bcf

July 7, 2023

Natural Gas Inventories as of June 30, 2023 The EIA has released its natural gas inventory report, showing a net increase of 72 Bcf as of June 30, 2023. Working gas in storage was 2,877 Bcf as of Friday, June 30, 2023, according to EIA estimates. This represents a net increase of 72 Bcf from the previous week. Stocks were

Kolibri Global Energy increases production with three more successful Oklahoma wells

U.S. shale production costs are finally falling

Shell expects ‘significantly lower’ trading in gas business

U.S. rig count had an increase of 6 this week, at 680

Oil on track for second straight weekly gain on resilient demand

Weekly Gas Storage: Inventories increase by 72 Bcf

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