Transocean Stock Traded Lower On Monday: What Happened?
June 3, 2024
2024-06-03 18:12:37 ET Shares of Transocean LTD (NYSE: RIG) traded lower on Monday followin…
ProPetro acquires Aqua Prop, an innovative wet sand solutions provider
June 3, 2024
Oil and Gas 360 MIDLAND, Texas–(BUSINESS WIRE)– ProPetro Holding Corp. (“ProPetro” or the “Company”) (NYSE: PUMP) today announced the acquisition of Aqua Prop LLC (“Aqua Prop”), an innovative provider of cost-effective wet sand solutions. The all cash acquisition, initially valued at $35.6 million, net of working capital, advances ProPetro’s commitment to delivering more integrated and industrial solutions while adding value
Oil dives 3%, OPEC+ decision fails to allay demand worries
June 3, 2024
Yahoo Finance NEW YORK – Oil prices tumbled more than $2 a barrel on Monday to multi-month lows, as investors worried about the demand outlook and took a complicated OPEC+ output decision as a sign that members of the producer group were eager to export more crude. OPEC+ on Sunday agreed to extend most of its deep oil output cuts
Texas Senator introduces Natural Gas Tax Repeal Act to eliminate Biden’s new methane emissions tax
June 3, 2024
World Oil (WO) — Energy Workforce & Technology Council (EWTC) issued a statement applauding the introduction of S.4405, the “Natural Gas Tax Repeal Act,” by U.S. Senator Ted Cruz. If passed, the act would repeal the recently implemented tax on methane emissions, a move that the EWTC believes is crucial for the future of the energy industry. “We commend Senator
AI’s rapid growth threatens Big Tech’s clean energy efforts
June 3, 2024
Oil Price Intelligent, responsive, and flexible computing systems are essential for meeting global climate goals, as they can help optimize energy production and consumption. As the world keeps consuming more and more energy, the likelihood that we’ll be able to reach net zero by midcentury is seeming more and more like a pipe dream. The U.S. Energy Information Administration (EIA)
OPEC+ Extends Oil Output Cuts Until 2025
June 3, 2024
2024-06-03 12:20:00 ET OPEC+ announced extensions for most of its oil production …
OPEC+ extends deep oil production cuts into 2025
June 3, 2024
Yahoo Finance LONDON/DUBAI-OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production. Brent crude oil prices have been trading near $80 per barrel in recent days, below what many OPEC+ members need to
OPEC+ Extends Oil Production Cuts Into 2025
June 3, 2024
2024-06-03 11:00:19 ET The Organization of the Petroleum Exporting Countries and its allies…
Saudi Aramco’s $12 billion share sale sells out in mere hours
June 3, 2024
World Oil (Bloomberg) – Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday, in a boon to the government that’s seeking funds to help pay for a massive economic transformation plan. The government had demand for all shares on offer in a few hours after books opened, according to terms of the deal seen
South Korea to explore for potentially huge offshore oil and gas reserves
June 3, 2024
Oil Price South Korea’s President Yoon Suk Yeol endorsed on Monday a plan for drilling off the east coast of one of the world’s largest oil and gas importers, to explore what studies say are potentially vast resources of crude oil and natural gas. The area could contain 14 billion barrels of oil and gas, the president told a press
Yukon Metals Acquires Premium-Quality Berdahl Property Portfolio & Begins Trading as ‘YMC’
June 3, 2024
Yukon Metals Acquires Premium-Quality Berdahl Property Portfolio & Begins Trading as ‘YMC’ …
3 Energy Stock Buys Providing Essential Services
June 3, 2024
2024-06-03 06:25:42 ET With energy demands escalating worldwide, the need for essential s…
