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December 14, 2023

EXCLUSIVE-Biden poised to deliver win for ethanol makers on SAF credits- oil and gas 360

EXCLUSIVE-Biden poised to deliver win for ethanol makers on SAF credits

December 14, 2023

Nasdaq NEW YORK – The Biden administration is expected this week to recognize a soon-to-be-updated methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), three people familiar with the matter told Reuters. Source; Reuters For months the administration has been divided over whether to recognize the Department of Energy’s

Pine Cliff Energy Ltd. announces closing of Certus acquisition-oil and gas 360

Pine Cliff Energy Ltd. announces closing of Certus acquisition

December 14, 2023

Oil and Gas 360 Calgary, Alberta–(Newsfile Corp. – December 13, 2023) – Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) (“Pine Cliff” or the “Company”) is pleased to announce that it has completed the acquisition of Certus Oil & Gas Inc. (“Certus“), as previously described in the Pine Cliff press release dated October 31, 2023. Pine Cliff announced on December 8, 2023 that

ExxonMobil introduces new compensation policy that pays traders cash bonuses-oil and gas 360

ExxonMobil introduces new compensation policy that pays traders cash bonuses

December 14, 2023

World Oil (Bloomberg) – Exxon Mobil Corp. introduced a new compensation policy that would pay some traders cash bonuses, a significant change within the U.S. energy giant as it looks to expand its trading operations. Under the new structure shared internally last week, traders will be divided into two categories: system traders who buy and sell physical commodities in support

Unit Corporation announces completion of Texas Panhandle asset sale- oil and gas 360

Unit Corporation announces completion of Texas Panhandle asset sale

December 14, 2023

Oil and Gas 360 Dec 14, 2023 -TULSA, Okla. – On December 13, 2023, Unit Corporation (OTCQX: UNTC) (Company) completed the previously announced sale of certain non-core oil and gas assets in the Texas Panhandle (the “Divested Assets”) to a third party for net cash proceeds received at closing of $50 million, subject to customary post-closing adjustments pursuant to the terms

IEA: Global oil inventories fell in October - oil and gas 360

IEA: Global oil inventories fell in October

December 14, 2023

Oil Price Global observed oil inventories fell in October, with the first drop in oil product stocks for the first time in four months, the International Energy Agency (IEA) said on Thursday. Global observed oil inventories dropped by 19.6 million barrels in October, with crude inventories largely unchanged, but with the first decline in refined petroleum stocks in four months. The

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

Weekly Gas Storage: Inventories decrease by 55 Bcf

December 14, 2023

Natural Gas Inventories as of December 8, 2023 The EIA has released its natural gas inventory report, showing a net decrease of 55 Bcf as of December 8, 2023. Working gas in storage was 3,664 Bcf as of Friday, December 8, 2023, according to EIA estimates. This represents a net decrease of 55 Bcf from the previous week. Stocks were

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