Energy News – Page 2 – Oil & Gas 360

US natgas prices climb 2% to 8-week high as producers cut output for Hurricane Francine

September 11, 2024

BOE Report U.S. natural gas futures climbed about 2% to an eight-week high on Wednesday as oil and gas producers continued to cut output before Hurricane Francine slams into the Louisiana coast later Wednesday. Front-month gas futures for October delivery on the New York Mercantile Exchange rose 4.9 cents, or 2.2%, to $2.281 per million British thermal units (mmBtu) at

Exclusive: Mote Hydrogen at EnerCom Denver-The Energy Investment Conference 2024

September 10, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Mote’s technology uses proven processes to turn biomass wastes and residues into pure biohydrogen and permanently storable CO2. Our innovation starts with feedstock pre-processing and extends all the way to purifying

OPEC+ policy dilemma prompts “confused message” amid increased U.S. shale production

September 10, 2024

World Oil (Bloomberg) – OPEC+ is facing a dilemma when it comes to reconciling the group’s goals with what the market needs, and the oil group is sending a “confused message,” according to one of the world’s top crude traders. The group led by Saudi Arabia and Russia delayed easing supply curbs last week, but now needs to pick which

Currie claims fears of an oil market glut are “Completely Overplayed”

September 10, 2024

Oil Price Oil market participants are “dramatically overestimating” a supply glut, as Chinese demand is not as doom-and-gloom as headline figures suggest and U.S. crude oil production is basically flat this year, Jeff Currie, chief strategy officer of energy pathways at Carlyle, said on Tuesday. Fears of a major oil glut are “completely overplayed,” Currie told the Asia Pacific Petroleum

American energy security, oil and gas production in jeopardy following Gulf of Mexico court ruling, API warns

September 10, 2024

World Oil (WO) – The American Petroleum Institute is raising concerns over the recent decision by the U.S. District Court for the District of Maryland to vacate the National Marine Fisheries Services’ (NMFS) Biological Opinion in the Gulf of Mexico. In a letter from President and CEO Mike Sommers to Secretary of Commerce Gina Raimondo, Sommers highlighted how the lack

SM Energy appoints Beth McDonald as Executive Vice President and Chief Operating Officer

September 9, 2024

Oil and Gas 360 DENVER, Sept. 9, 2024 /PRNewswire/ — SM Energy Company (NYSE: SM) today announced that it has appointed Beth McDonald as its Executive Vice President and Chief Operating Officer, effective as of September 9, 2024. President and Chief Executive Officer Herb Vogel comments: “We are delighted to welcome Beth to our executive team. She is an experienced and

Mexico’s richest man Carlos Slim scoops more Talos shares following surprise CEO departure

September 9, 2024

World Oil (Bloomberg) – Carlos Slim, Latin America’s richest person, boosted his stake in U.S. oil and gas producer Talos Energy Inc. this week in the aftermath of a surprise exit by its founder and chief executive officer that sparked a drop in shares. Through his Control Empresarial de Capitales holding firm, Slim bought about 2.7 million shares this week

The Presidency- Harris and Trump energy policies in stark contrast

September 9, 2024

(Oil & Gas 360) – Energy policy is likely to be among the topics debated on Tuesday, September 10, between Kamala Harris and Donald Trump in their competition to become the next President of the United States. A few topics clearly show a divergence between the two candidates. While the Harris for President campaign site does not offer specific

2 MMbpd from Gulf of Mexico under threat from U.S. government’s environmental impasse

September 9, 2024

World Oil (Bloomberg) – A fight over Gulf of Mexico oil production is looming in Washington as U.S. regulators race to redo guidance on how to protect endangered species ahead of a deadline that could ultimately threaten about 15% of the nation’s crude output. The standoff stems from a scientific assessment that underpins oil and gas operations in the Gulf.

Exclusive: U.S. Energy Development Corporation at EnerCom Denver-The Energy Investment Conference 2024

September 6, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Founded in 1980, U.S. Energy Development Corporation (U.S. Energy) is a privately held exploration and production (E&P) firm that manages assets on behalf of itself and its partners. For more than

Exclusive: Oklo at EnerCom Denver-The Energy Investment Conference 2024

September 6, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Oklo Inc. is developing fast fission power plants to provide clean, reliable, and affordable energy at scale. Oklo received a site use permit from the U.S. Department of Energy, was awarded

Noble Corporation hits $6.7 billion in backlog on Diamond Offshore Drilling acquisition closure

September 6, 2024

World Oil (WO) – Noble Corporation plc announced the completion of its acquisition of Diamond Offshore Drilling, Inc (“Diamond”). This transaction enhances Noble’s position as a leading offshore driller, creating the largest fleet of 7th generation dual-BOP drillships in the industry, and adding approximately $2 billion of backlog. Following completion of the acquisition of Diamond, the Company’s board of directors

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