Articles by: Oil & Gas 360

Exclusive Interview with ENGAGE CEO Rob Ratchinsky – Digitizing the Industry Future

Exclusive Interview with ENGAGE CEO Rob Ratchinsky – Digitizing the Industry Future

Publisher's Note: Dan Genovese with EnerCom interviewed ENGAGE CEO Rob Ratchinsky to discuss ENGAGE’s mission is to simplify the B2B transaction process by automating workflows.

 

Simply digitizing paper processes has been commercialized by many solutions, however, ENGAGE is

Source: CNBC

Oil prices are at a 7-year high, but Exxon CEO Darren Woods is confident they will trend lower.

CNBC


Oil prices rose to a seven-year high Tuesday amid ongoing supply concerns and escalating tensions in the Middle East, but Exxon Mobil CEO Darren Woods is confident they will trend lower.

 

In the immediate future, however, the oil

Source: Reuters

BlackRock’s Fink defends as ‘not woke’ push for values as well as profits

Reuters


BOSTON/LONDON -Larry Fink, chief executive of the world’s biggest asset manager BlackRock Inc, has defended its focus on the interests of society as well as on profits in the face of criticism from many sides.

Asset managers increasingly analyse …

January 18, 2022 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance, People
Source: CNBC

Deadly UAE drone strikes raise risk in key oil-producing region

World Oil


(Bloomberg) – Iran-backed Yemeni fighters launched drone strikes on the United Arab Emirates that caused explosions and a deadly fire outside the capital, Abu Dhabi, ratcheting up security risks in the oil-exporting region at a critical time.

One …

January 18, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Analysis: Inside OPEC, views are growing that oil’s rally could be prolonged

Nasdaq


LONDON, Jan 18 – Oil’s rally may extend further in the next few months due to recovering demand and limited capacity in OPEC+ to add supply and prices could break $100 a barrel, OPEC officials have told Reuters.

Oil …

Source: Reuters

Continental names former Chesapeake boss Lawler as operating chief

Reuters


Continental Resources Inc on Tuesday named Doug Lawler, the former top boss of Chesapeake Energy Corp, as its chief operating officer and executive vice president from next month.

 

Lawler was Chesapeake’s CEO for eight years before he was …

Source: World Oil

Russia missing OPEC targets as some members struggle to keep pace

World Oil


MOSCOW (Bloomberg) –Russia may be able to deliver only about half of its scheduled increases in crude production over the next six months, joining the ranks of OPEC+ nations that are struggling to ramp up even as fuel …

January 18, 2022 - 9:30 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

BP and Oman form renewable energy and hydrogen development strategic partnership

World Oil


Source: Reuters

Column: Looking beyond Omicron, oil investors focus on tight supply

Nasdaq


LONDON, Jan 17 – Portfolio managers purchased oil last week at the fastest rate for 14 months amid growing confidence that the latest wave of coronavirus infections will not have a significant effect on international aviation and oil consumption.…

Source: Bloomberg

Colombia’s presidential favorite seeks global coalition to end fossil fuels

World Oil


(Bloomberg) –Colombia’s presidential front-runner Gustavo Petro is calling on ideological allies across Latin America and the world to join him in forming a new bloc to lead the economy away from fossil fuels.

Oil and coal currently account …

Source: Reuters

Mexico says US energy secretary to visit, power market concerns eyed

Reuters


MEXICO CITY – U.S. Energy Secretary Jennifer Granholm will travel to Mexico this week for talks, with the government’s planned overhaul of the Mexican electricity market potentially on the agenda, President Andres Manuel Lopez Obrador said on Monday.

The

January 17, 2022 - 12:30 pm Closing Bell Story‎, Energy News, Mexico, Power Generation
Source: Reuters

Analysis: Saudi-Polish deal dents Russian oil dominance in Baltic

Nasdaq


MOSCOW, Jan 17 – Saudi Arabia’s planned purchase of Polish refining assets is set to put OPEC’s top producer in charge of two thirds of Poland’s oil supply, eroding previously dominant supplier Russia’s leverage as it grapples with regional …

Source: Reuters

Brent North Sea crude trades near 2014 highs as oil demand grows

Oil Now


SINGAPORE (Bloomberg) –Brent oil traded near the highest intraday level since 2014 as the market tightened and concerns about the impact of omicron eased.

Futures in London held at about $86 a barrel after a fourth weekly advance …

Source: Reuters

Oil holds firm just above $86

Oil Now


Oil prices were steady on Monday, as investor bets that global supply will remain tight amid restraint by major producers were offset by a rise in Libyan output.

 

Brent crude was down 4 cents, or 0.1%, to …

European gas prices lure U.S. LNG cargoes away from Asia

European gas prices lure U.S. LNG cargoes away from Asia

World Oil


(Bloomberg) –Higher natural gas prices and lower shipping rates are increasing the draw of U.S. liquefied natural gas cargoes to Europe over more traditional winter markets in Asia.

As of Thursday afternoon, there were 41 U.S. LNG cargoes …

Source: Reuters

Sixth Street Partners in final talks to buy stake in Eni’s power unit – sources

Reuters


MILAN – U.S. investment firm Sixth Street Partners has emerged as the leading bidder for the power generation unit of Italian energy group Eni and is in advanced talks to buy a minority stake in the business, three sources …

Source: Reuters

Cruz’s Nord Stream 2 sanctions bill fails in U.S. Senate

Reuters


The Senate on Thursday failed to pass a bill sanctioning the Nord Stream 2 pipeline, after the Biden administration aggressively lobbied Democrats to defeat Sen. Ted Cruz’s effort to target the Putin-backed project.

 

Why it matters: The 55-44 …

Source: Reuters

Shell to hand over Deer Park refinery to Pemex next week – sources

Nasdaq


MEXICO CITY, Jan 13 – Mexican state oil company Petroleos Mexicanos will take control of the Deer Park refinery in Houston, Texas on Jan. 20, three sources with knowledge of the matter said on Thursday.

Royal Dutch Shell RDSa.L

Source: Reuters

IEA believes Canada’s status as an oil power threatened by net-zero goals

World Oil


CALGARY (Bloomberg) –Canada will face challenges in retaining its status as a global oil and gas power in a world transitioning toward net zero carbon emissions by mid-century, the International Energy Agency said.

 

The country seeks to …

U.S. rig count increased by 13 this week, at 601

U.S. rig count increased by 13 this week, at 601

Oil and Gas 360


This week’s Baker Hughes rig count shows that U.S. had an increase of 13 over last week, resulting in a total count of 601 rigs. Canada had an increase of 50 over last week, resulting in …

Source: Reuters

Explainer: Oil price spike leaves limited options for Biden

Reuters


NEW YORK, USA – Two months after US President Joe Biden announced an unprecedented effort among major oil consuming economies to work together to bring down rising fuel prices, prices are again approaching multiyear highs. And Biden has …

January 14, 2022 - 10:30 am Uncategorized
Source: Bloomberg

Exxon seeks to sell Canadian shale assets to focus on oil sands

World Oil


CALGARY (Bloomberg) –Exxon Mobil is looking to sell its Canadian shale assets to focus on Alberta’s oil sands.

 

Exxon and its majority-owned Imperial Oil Ltd. unit will start marketing XTO Energy Canada, which produces 9,000 barrels a …

Exclusive Interview with TAQ Energy Founder and CEO Eric Bruesewitz- A New Generation for Plug and Abandonment

Exclusive Interview with TAQ Energy Founder and CEO Eric Bruesewitz- A New Generation for Plug and Abandonment

Publisher's Note: Dan Genovese with EnerCom interviewed TAQ Energy Founder and CEO Eric Bruesewitz to discuss their comprehensive abandonment services to energy operators and states.

 

TAQ Energy is a new generation plugging and abandonment company with a primary

Source: CNBC

‘Green’ fuels will cost the consumer — but we need to think long term, Maersk CEO says

CNBC


The CEO of shipping giant Moller-Maersk admitted to CNBC Thursday that shifting to “green” fuels would come at a cost, but emphasized the importance of focusing on the bigger picture rather than short-term pain.

Soren Skou’s comments come a …

Source: Reuters

EIA expects shale to drive record U.S. oil production in 2023

World Oil


(Bloomberg) –U.S. annual oil production is set to rise to a record next year as shale producers continue to boost output.

 

Oil supply will average 12.41 million barrels a day in 2023, according to the Energy Information …

Source: World Oil

CNOOC raising oil, gas output by 6% this year

Oil Now


(S&P Global Platts) China’s offshore giant CNOOC targets to lift its oil and gas output by 6% on the year to 1.66 million boe/d in 2022, with most of its effort to go into boosting domestic production, CFO …

Source: Reuters

U.S. gasoline markets point to bad news for Biden this summer

World Oil


(Bloomberg) –The gasoline market is painting a picture of tight supplies this summer — the last thing Joe Biden will want to see as he tries to contain high fuel prices.

On the New York Mercantile Exchange, futures …

Source: Reuters

IEA urges Canada to use clean power resources to help cut emissions

Reuters


CALGARY, Alberta – Canada, the world’s fourth-largest oil producer, needs to give clear policy signals and leverage its abundant clean electricity resources to sharply cut carbon emissions, the International Energy Agency (IEA) said on Thursday in a review of
Source: Reuters

Exxon moving to sell off U.S. shale gas properties stretching across 27,000 acres

Oil Now


Exxon Mobil on Tuesday launched the sale of shale gas properties stretching across 27,000 acres in the Appalachian basin of Ohio, the company confirmed, part of an ongoing divestiture of U.S. assets.

The top U.S. oil producer is …

Weekly Gas Storage: Inventories decrease by 179 Bcf

Weekly Gas Storage: Inventories decrease by 179 Bcf

Natural Gas Inventories as of January 7, 2022

The EIA has released its natural gas inventory report, showing a net decrease of 179 Bcf as of January 7, 2022.

Working gas in storage was 3,016 Bcf as of Friday, January …