July 10, 2024

Diversified to acquire complementary, high-quality, low-decline producing assets

July 10, 2024

Oil and Gas 360 Publisher’s Note: Diversified Energy will be a presenter at EnerCom Denver-The Energy Investment Conference on August 18-21, 2024. Register to attend and book your room at the Westin Denver Downtown. Accretive Acquisition of Contiguous Operating Position BIRMINGHAM, AL / ACCESSWIRE / July 10, 2024 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) (“Diversified” or the “Company”) is pleased

Saudi Arabia’s haul from Aramco share sale finalized at $12.35 billion

July 10, 2024

Yahoo Finance (Bloomberg) — Saudi Arabia raised $1 billion more than previously expected from the sale of a stake in oil producer Aramco after a so-called stabilization period of the company’s shares ended. The government netted a total of $12.35 billion from the secondary offering, according to a statement. It sold a 0.64% stake in Aramco at 27.25 riyals a

Power outages hinder Hurricane Beryl recovery, delay oil infrastructure restarts

July 10, 2024

BOE Report About 1.7 million customers remained without power in Texas on Wednesday morning, two days after Hurricane Beryl made landfall, as progress to restore power was slow during the night, hampering efforts to quickly restart critical oil infrastructure. The storm made landfall as a Category 1 hurricane on Monday near the coastal town of Matagorda, about 100 miles (160

Oxy, Microsoft clinch “record” carbon removal deal to handle AI-associated emissions

July 10, 2024

World Oil (Bloomberg) – Oil giant Occidental Petroleum Corp. clinched a record carbon removal deal with Microsoft Corp. amid the software titan’s push to reduce its expanding emissions. Occidental, which is building a carbon-capture portfolio through its subsidiary 1PointFive, plans to build a fleet of plants that suck carbon dioxide directly from the air. Microsoft on Tuesday agreed to buy

OPEC sticks to 2024 oil demand view, sees strong travel season

July 10, 2024

U.S. News MOSCOW/LONDON – OPEC stuck to its forecast for relatively strong growth in global oil demand in 2024 and next year, saying on Wednesday that resilient economic growth and air travel would support fuel use in the summer months. The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil demand would rise by 2.25 million

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

U.S. crude oil inventories decrease by 3.4 million barrels

July 10, 2024

Weekly Crude Oil Storage as of July 5, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.4 million barrels from the previous week. At 445.1 million barrels, U.S. crude oil inventories are 4% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,

Diversified to acquire complementary, high-quality, low-decline producing assets

Saudi Arabia’s haul from Aramco share sale finalized at $12.35 billion

Power outages hinder Hurricane Beryl recovery, delay oil infrastructure restarts

Oxy, Microsoft clinch “record” carbon removal deal to handle AI-associated emissions

OPEC sticks to 2024 oil demand view, sees strong travel season

U.S. crude oil inventories decrease by 3.4 million barrels

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