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October 30, 2024

Sun setting soon on fossil fuels- International Energy Administration

October 30, 2024

(Oil & Gas 360) – The ever-changing global energy markets were given a comprehensive assessment by the International Energy Agency in its World Energy Outlook 2024 released earlier this October. The agency’s Energy Transition assessment highlights capacity additions of renewals of over 560 gigawatts added in 2023. Capacity refers to a source running at full efficiency; actual electron delivery from

Note on the news: Suddenly – No oil news?- oil and gas 360

Note on the news: Suddenly – No oil news?

October 30, 2024

(Oil & Gas 360) – Sudden, violent, disruptive events in the Middle East cause big oil price jumps and front-page headlines about gasoline prices – don’t they?   But not lately.  Like the dog that did not bark, why not? Russia, one of the world’s three largest oil producers, invaded Ukraine and started a war which has been going for 2 ½

EQT reports third quarter 2024 results and announces non-operated asset divestiture- oil and gas 360

EQT reports third quarter 2024 results and announces non-operated asset divestiture

October 30, 2024

(Oil & Gas 360) – PITTSBURGH, Oct. 29, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) today announced financial and operational results for the third quarter of 2024. Third Quarter 2024 and Recent Highlights: Integration of Equitrans Midstream Corporation (Equitrans) more than 60% complete just three months following the transaction closing; actions taken to date estimated to result in $145 million of annualized base synergies,

SLB OneSubsea awarded subsea boosting contract for bp’s Kaskida project in Gulf of Mexico- oil and gas 360

SLB OneSubsea awarded subsea boosting contract for bp’s Kaskida project in Gulf of Mexico

October 30, 2024

(World Oil) –  SLB today announced the award of a contract by bp to its OneSubsea joint venture for a subsea boosting system in the greenfield development of the Kaskida project in the deepwater U.S. Gulf of Mexico. This award marks the latest milestone in the long-standing relationship between SLB OneSubsea and bp and is the first engineering, procurement and

Lukoil’s trading arm looks to revive U.S. business- oil and gas 360

Lukoil’s trading arm looks to revive U.S. business

October 30, 2024

(Oil Price) – Litasco, the international oil trading and shipping firm owned by Russian oil company Lukoil, is looking to rebuild its business in the Americas by arranging credit lines and distancing itself from Russian oil trades and its parent, sources close to Litasco have told Reuters. Litasco and Lukoil have not been sanctioned by the United States as part of the

Namibia’s oil company aims to triple its stake in future oil and gas projects-oil and gas 360

Namibia’s oil company aims to triple its stake in future oil and gas projects

October 30, 2024

(World Oil) – The National Petroleum Corp. of Namibia aims to triple its stake in future oil and gas projects to 30% as the southern African nation is set for a surge in activity following multiple offshore discoveries. Namcor is “committed to actively participating in future oil and gas projects and generally aims to secure a minimum stake ranging between 20%

Oil prices rise as OPEC+ considers delaying December output increase- oil and gas 360

Oil prices rise as OPEC+ considers delaying December output increase

October 30, 2024

(Investing) – Oil prices rose more than 2% on Wednesday after Reuters reported that OPEC+ could delay a planned oil production increase in December by a month or more because of concern over soft oil demand and rising supply. Brent crude futures gained $1.10, or 1.6%, to $72.22 a barrel by 1418 GMT. U.S. West Texas Intermediate crude gained $1.07, also 1.6%,

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