(World Oil) – Talos Energy Inc. (Talos) has announced that the Katmai West #2 well located in the Ewing Bank area of the U.S Gulf of Mexico successfully encountered commercial quantities of oil and natural gas. “We are proud of our team for achieving these successful drilling results,” said Talos’s Interim Co-President, Executive Vice President and Head of Operations John
(Investing) – Donald Trump’s pick to lead the Interior Department, Doug Burgum, said on Thursday he will vigorously pursue the president-elect’s goals of maximizing energy production from U.S. public lands and waters, calling it key to national security. Burgum’s comments to lawmakers during his nomination hearing signal a coming sharp turn in policy after President Joe Biden attempted for years to
(Oil Price) – The oil price rally that kicked off last week after the Biden administration announced the harshest sanctions yet on Russian oil has carried over into the new week. Brent crude for March delivery rose to above $82 per barrel this afternoon, while WTI crude for February delivery gained topped $80 per barrel. The rise took front-month Brent above the
(Investing) – Bernstein analysts laid out their view for a coming US gas supercycle, projecting a significant shift in the domestic gas landscape through 2030. The firm has raised its long-term Henry Hub gas price deck to $5/mcf, which they believe is a conservative estimate, considering robust demand growth and constrained supply. Given its bullish stance, the investment bank upgraded EQT
(Oil Price) – Canada has drafted a list of U.S. goods worth billions of dollars that it could tax with tariffs if incoming President Donald Trump moves to impose tariffs on imports from Canada, a Canadian official with knowledge of the plans has told Bloomberg. An initial list of U.S.-manufactured items potentially subject to Canadian tariffs in case the U.S. hits first
(Yahoo Finance) – Oil giant BP is to cut about 4,700 staff, more than 5% of its total workforce, as part of its plans to cut costs. The British firm, which has a global workforce of about 90,000 people, confirmed the job losses on Thursday, but has not said how many roles will be affected in each country it operates in.
Natural Gas Inventories as of January 10, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 258 Bcf as of January 10, 2025. Working gas in storage was 3,115 Bcf as of Friday, January 10, 2025, according to EIA estimates. This represents a net decrease of 258 Bcf from the previous week. Stocks were
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