(By Oil & Gas 360) – Queensland’s Taroom Trough is quickly emerging as one of the most closely watched new oil developments in the developed world, not just for its resource potential, but for how aggressively it is being positioned for development. After decades without a major new onshore oil province, Australia may be on the verge of bringing a new
(World Oil) – A new oil and gas company backed by Talos Energy founder Tim Duncan has entered the U.S. Gulf through the acquisition of Renaissance Offshore, marking its first move into U.S. offshore production. The company, 1947 Oil & Gas Plc, was co-founded by Duncan alongside former Goldman Sachs commodities strategist Jeff Currie and investor Ivan Murphy. The deal gives the new venture an initial
(Oil Price) – Empty supertankers have left Asia en route to the U.S. via the Cape of Good Hope in one of the biggest queue of vessels ever seen at sea, as Asian buyers rush to load U.S. crude to replace part of the supply lost in the Middle East. “Tankers are forming what looks like a fleet, an unbroken line
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 2 last week, resulting in a total count of 543 rigs. Canada had a decrease of 5 over last week, resulting in a total Canadian count of 130 rigs. Breakdown by region Of the regions tracked by Baker Hughes, no regions experienced an increase this week. Meanwhile, 2
(BOE Report) – The heads of the U.S. Interior and Energy Departments will hold a call on Thursday with CEOs from energy companies including Exxon and Chevron on their potential to boost oil and gas output, an administration official said, as the Iran war hikes global energy prices. The prices, which are returning to levels seen during the aftermath of Russia’s
(Investing) – Oil prices tumbled below $90 a barrel on Friday after Iran and the U.S. declared the Strait of Hormuz temporarily open, removing constraints on a critical shipping bottleneck that have sparked worries over a widespread inflation spike. Investors were also assessing a media report which said the U.S. was considering a $20 billion cash-for-uranium deal to end the war
