World Oil (Bloomberg) — Hess Corp. was the high bidder in a U.S. auction for drilling rights in the Gulf of Mexico, which raised a total of $382 million from oil giants before the Biden administration imposes a two-year hiatus for future sales. The sale, held by the Interior Department Wednesday, brought in more than any federal offshore oil and
World Oil (WO) — Shell Offshore Inc., a subsidiary of Shell plc, has made a final investment decision (FID) for Sparta, a deepwater development in the U.S. Gulf of Mexico that represents our competitive approach to simplifying and replicating projects. Owned by Shell Offshore Inc. (51% operator) and Equinor Gulf of Mexico LLC (49%), Sparta is expected to reach a
Oil Price Crude oil production growth in the U.S. slowed down significantly in the fourth quarter of the year from the prior three months, although natural gas production continued up. According to the Dallas Fed Energy Survey, the production index for the industry dropped from 26.5 in the third quarter to just 5.3 in the current quarter. In natural gas, the index
Nasdaq MEXICO CITY (Reuters) – The favorite to be Mexico’s next leader will likely be more open than her mentor President Andres Manuel Lopez Obrador to private investment in energy in order to help fund her renewable power push at a time of tighter public finances, aides, officials and executives said. The president’s drive to tighten state control of energy
World Oil (WO) — In a pivotal moment for American energy policy, National Ocean Industries Association (NOIA) President Erik Milito emphasizes the urgency of Congressional intervention following the conclusion of Gulf of Mexico Lease Sale 261. Milito issued the following statement: “Today signifies a critical point in American energy policy. The U.S. offshore oil and gas industry is stepping up
Yahoo Finance LONDON (Reuters) -Oil prices fell by more than $1 a barrel on Thursday after Angola announced it is leaving the Organization of the Petroleum Exporting Countries (OPEC). Brent crude futures were down $1.30, or 1.63%, to $78.40 a barrel by 1419 GMT, while U.S. West Texas Intermediate crude was lower by $1.19, or 1.60%, at $73.03. Angola’s oil minister
Natural Gas Inventories as of December 15, 2023 The EIA has released its natural gas inventory report, showing a net decrease of 87 Bcf as of December 15, 2023. Working gas in storage was 3,577 Bcf as of Friday, December 15, 2023, according to EIA estimates. This represents a net decrease of 87 Bcf from the previous week. Stocks were
2023-12-21 01:55:53 ET The energy sector is capitalizing on a robust demand, augmented by…
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
