Yahoo Finance WASHINGTON – The U.S. government opened up on Friday competitive bidding that will close on Aug. 26 for $850 million in grants to help small oil and gas producers monitor and reduce methane from their operations, a major part of the Biden administration’s plan to crack down on leaks of the potent greenhouse gas. WHY IT IS IMPORTANT
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 2 over last week, resulting in a total count of 588 rigs. Canada had an increase of 6 over last week, resulting in a total Canadian count of 166 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Cana Woodford,
BOE Report The amount of natural gas flowing to U.S. liquefied natural gas firm Cheniere Energy’s Sabine Pass export plant in Louisiana was on track to drop to an 11-month low on Friday, according to data from financial firm LSEG. Reductions at Sabine and other U.S. LNG export plants have often had a major impact on global gas prices. A
Natural Gas Inventories as of June 14, 2024 The EIA has released its natural gas inventory report, showing a net increase of 71 Bcf as of June 14, 2024. Working gas in storage was 3,045 Bcf as of Friday, June 14, 2024, according to EIA estimates. This represents a net increase of 71 Bcf from the previous week. Stocks were
Oil Price As the war rages on in Gaza and tensions escalate between Israel and Hezbollah in Lebanon, private equity fund Carlyle (NASDAQ:CG) is forming a new Mediterranean oil and gas company to be led by ex-BP CEO Tony Hayward following the fund’s acquisition of assets in three countries for nearly $1 billion from Energean. The transaction, which is subject
Oil Price Russia became the biggest supplier of natural gas to Europe last month, for the first time since 2022, replacing the United States at the top spot. “It’s striking to see the market share of Russian gas and [liquefied natural gas] inch higher in Europe after all we have been through, and all the efforts made to decouple and
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 590 rigs. Canada had an increase of 17 over last week, resulting in a total Canadian count of 160 rigs. Breakdown by region Of the regions tracked by Baker Hughes, no regions experienced
Natural Gas Inventories as of June 7, 2024 The EIA has released its natural gas inventory report, showing a net increase of 74 Bcf as of June 7, 2024. Working gas in storage was 2,974 Bcf as of Friday, June 7, 2024, according to EIA estimates. This represents a net increase of 74 Bcf from the previous week. Stocks were
Reuters Mountain Valley can begin operating its $7.85 billion Virginia natural gas pipeline after receiving approval from the U.S. Federal Energy Regulatory Commission (FERC) according to a filing on Tuesday. The Mountain Valley project, the only big gas pipeline under construction in the U.S. Northeast, has encountered numerous regulatory and court fights that have stopped work several times since construction
World Oil (WO) — The U.S. oil field services sector experienced a slight decrease of 2,926 jobs in May, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to April numbers and analysis by the Energy Workforce & Technology Council. As of May 2024, the sector’s employment stands at 645,345 jobs. Despite signals indicating the job
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 6 over last week, resulting in a total count of 594 rigs. Canada had an increase of 15 over last week, resulting in a total Canadian count of 143 rigs. Breakdown by region Of the regions tracked by Baker Hughes, no regions experienced
Natural Gas Inventories as of May 31, 2024 The EIA has released its natural gas inventory report, showing a net increase of 98 Bcf as of May 31, 2024. Working gas in storage was 2,893 Bcf as of Friday, May 31, 2024, according to EIA estimates. This represents a net increase of 98 Bcf from the previous week. Stocks were
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