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November 11, 2024

EnerCom’s 30th Anniversary Energy Investment Conference to be held August 17–20, 2025 in Denver, Colorado- oil and gas 360

Save the date for EnerCom Denver, as it celebrates its 30th anniversary celebration to be held August 17–20, 2025 in Denver, Colorado

November 11, 2024

(Oil & Gas 360) – EnerCom Denver – The Energy Investment Conference will celebrate 30 years of bringing together the broader energy sector, including companies, investors, analysts, and industry leaders! Presentation opportunities are available for E&P, Midstream, OFS, and Energy Transition companies: Sponsorship opportunities are available for companies seeking to increase their marketplace awareness  EnerCom Denver is the largest independent investor conference

U.S. natural gas prices jump over 10% after Hurricane Rafael hits- oil and gas 360

U.S. natural gas prices jump over 10% after Hurricane Rafael hits

November 11, 2024

(Oil Price) – U.S. natural gas futures jumped over 10% to $2.94/MMBtu in Monday’s trading session after production disruption in the Gulf of Mexico in the wake of Hurricane Rafael. According to the U.S. Bureau of Safety and Environmental Enforcement (BSEE), 482,790 barrels of oil and 310 million cubic feet of natural gas, representing more than 25% of oil and 16% of natural

QatarEnergy buys stake in Chevron-operated block offshore Egypt- oil and gas 360

QatarEnergy buys stake in Chevron-operated block offshore Egypt

November 11, 2024

(Oil Price) – QatarEnergy has signed an agreement to buy a 23% working interest in a concession agreement offshore Egypt from the block’s operator Chevron, the state firm of Qatar said on Monday. QatarEnergy will acquire 23% of the North El-Dabaa (H4) Block in the Mediterranean from Chevron, which will retain a 40% interest in the concession. The other partners on the block

Interoil completes successful Vikingo well intervention in Colombia- oil and gas 360

Interoil completes successful Vikingo well intervention in Colombia

November 11, 2024

(World Oil) – Interoil Exploration and Production ASA has announced that its Colombian subsidiary, Interoil Colombia Exploration and Production (ICEP), has successfully completed a downhole intervention to the Vikingo well. This intervention included the installation of a jet pump with a modified operational configuration, restoring production to 400 bopd, a significant increase from the pre-intervention level of 105 bopd. While production

WTI breaks below $70 as demand concerns drive bearish sentiment- oil and gas 360

WTI breaks below $70 as demand concerns drive bearish sentiment

November 11, 2024

(Oil Price) – West Texas Intermediate broke below $70 per barrel on Monday as Hurricane Rafael weakened to a storm that is unlikely to cause any damage to U.S. oil production in the Gulf of Mexico. Separately, oil benchmarks got depressed by trader pessimism about Chinese oil demand after the country’s ruling party announced its latest stimulus package, which underwhelmed, according to Reuters. At

Trump worries and leader absences cloud COP29 climate summit in Baku- oil and gas 360

Trump worries and leader absences cloud COP29 climate summit in Baku

November 11, 2024

(BOE Report) – The annual U.N. climate summit began on Monday with some prominent leaders planning to skip the event ahead of tough talks on finance and trade, after a year of weather disasters that have emboldened developing countries’ demands for cash. Delegates gathering in Azerbaijan’s capital, Baku, hope to resolve the COP29 summit’s top agenda item – a deal

Oil falls as China stimulus fails to boost sentiment, US dollar rises- oil and gas 360

Oil falls as China stimulus fails to boost sentiment, US dollar rises

November 11, 2024

(Yahoo Finance) – Oil prices fell about 2% on Monday after China’s stimulus plan disappointed investors seeking fuel demand growth in the world’s second-biggest oil consumer and as the U.S. dollar edged higher. Brent crude futures were down $1.83, or 2.48%, to $72.04 a barrel by 1444 GMT while U.S. West Texas Intermediate crude futures were at $68.47 a barrel, down

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