Energy News – Page 3 – Oil & Gas 360

Texas denies state funding to 1.3 GW natural gas plant project

September 6, 2024

Oil Price Texas regulators have denied state funding to a proposed 1.3-gigawatt natural gas-fired power plant, due to the applicant failing to meet due diligence, days after shortlisting the project as eligible to receive low-interest rate loans from the Texas Energy Fund. The Public Utility Commission of Texas (PUCT) denied the application from NextEra and Aegle Power for the In-ERCOT Generation Loan

OPEC+ postpones oil production hike in effort to reverse price slump

September 6, 2024

World Oil (Bloomberg) – OPEC+ postponed its oil supply hike by two months, but the move wasn’t enough to roll back steep losses in crude prices amid fears about fragile demand. Key coalition members won’t now increase production by 180,000 bpd in October and November, according to a statement on OPEC’s website. Yet their longer-term plan to revive 2.2 MMbpd

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

September 5, 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. UpCurve Energy is a private E&P company that has been operating in the Delaware Basin since 2016. UpCurve operates over 20,000 acres primarily in Reeves county and produces ~15k boe/d. upcurveenergy.com About

Talos Energy announces new discovery and adds additional 2024 prospect in the Gulf of Mexico

September 5, 2024

Oil and Gas 360 HOUSTON, Sept. 5, 2024 /PRNewswire/ — Talos Energy Inc. (“Talos”) (NYSE: TALO) today announced that its Ewing Bank 953 well (“EW 953 well”) successfully discovered commercial quantities of oil and natural gas. Separately, Talos entered into an agreement to participate in the Sebastian prospect, currently drilling in the Mississippi Canyon Block 387 of the U.S. Gulf of Mexico.

Prairie Operating Co. spuds its first well at Shelduck South in the DJ Basin

September 5, 2024

Oil and Gas 360 HOUSTON, TX, Sept. 05, 2024 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced the spud of Shelduck South 8E5NCM with Precision E-Drilling Rig (“E-rig”) 461 in Weld County, Colorado. The Shelduck South development will encompass eight two-mile lateral wells alternating between the Niobrara B and C Chalks. Drilling of all

NuVista Energy Ltd. announces President & CEO retirement and succession

September 4, 2024

Oil and Gas 360 CALGARY, Alberta, Sept. 04, 2024 (GLOBE NEWSWIRE) — The Board of Directors of NuVista Energy Ltd. (“NuVista” or the “Company“) (TSX: NVA) today announces that Jonathan Wright will retire as Chief Executive Officer of the Company effective December 31, 2024, and Mike Lawford, currently President and Chief Operating Officer, will be appointed as President and Chief Executive

Exclusive: Avant Natural Resources at EnerCom Denver-The Energy Investment Conference 2024

September 4, 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. Avant Natural Resources is a privately funded, Denver-based energy company focused with assets throughout the Permian Basin assets. Avant operates approximately 17,000 net acres primarily in Lea and Eddy Counties, New

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

September 4, 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. Lycos is an exploration, development and production company led by a team of technically experienced professionals taking a bold and disruptive approach to capture and capitalize on opportunities others have bypassed.

Biden administration grants first LNG export approval post-ban to New Fortress Energy’s Fast LNG project

September 4, 2024

World Oil (Bloomberg) – The Biden administration granted the first liquefied natural gas (LNG) export license since a federal court overturned a temporary moratorium on issuing permits to ship the fuel. The U.S. Energy Department granted a five-year license Tuesday to Wes Edens’ company New Fortress Energy Inc., which is developing the small-scale LNG export plant known as Fast LNG

Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

September 4, 2024

Yahoo Finance If producer group OPEC+ doesn’t reduce production further, the average price of oil could drop to $60 per barrel in 2025 due to reduced demand and increased supply from non-OPEC countries, Citi said in a note on Wednesday. Citi said that while a technical rebound was possible, the market could lose confidence in OPEC+ defending the $70/bbl level

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

September 3, 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. DNOW is a leading global stocking supplier of energy and industrial solutions, products and engineered equipment packages. We provide an extensive selection of Pipe, Valves and Fittings (PVF), MRO supplies, and

Exclusive: Africa Oil at EnerCom Denver-The Energy Investment Conference 2024

September 3, 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. Africa Oil is a Canadian oil and gas exploration company with producing and development assets in deep-water offshore Nigeria. The Company also has a portfolio of exploration assets in west and

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