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 …
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 …
(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 …
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 …
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…
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 …
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 …
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 …
(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 …
(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 …
(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 …
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 …
U.S. energy-related carbon dioxide emissions are forecast to rise this year and next as strong economic growth overwhelms increases in energy efficiency, deployment of renewables and roll-out of electric vehicles.
The anticipated increase in emissions shows the United States…
Jan 12 – The Biden administration on Wednesday outlined a range of measures to speed the growth of clean energy on the U.S. power grid, including the government’s largest ever sale of offshore wind leases in waters off the …
South American oil giant, Brazil, and Guyana, the world’s hottest exploration hotspot with an incredible string of discoveries in the Stabroek Block, are poised to deepen their bilateral relations.
Towards this end, Guyana’s President, Dr. Irfaan Ali …
LONDON (Bloomberg) –OPEC and its allies don’t want crude prices to climb to $100 a barrel, and are reviving production quickly enough to prevent global markets from “overheating,” Oman’s oil minister said.
The Organization of Petroleum Exporting Countries …
Crude inventories fell by 4.6 million barrels in the week to Jan. 7 to 413.3 million barrels, compared with analysts’ expectations in a Reuters poll for a 1.9 million-barrel drop.
US crude inventories have dropped for seven consecutive …
Oil and Gas 360
Combined Company will own over 139,000 Net Royalty Acres, normalized to a 1/8th royalty equivalent, over 105,000 of which are located in the Permian Basin. Projected to produce approximately 13,500 – 14,500 barrels of oil …
LONDON – Oil prices that rallied 50% in 2021 will power further ahead this year, analysts predict, saying a lack of production capacity and limited investment in the sector could lift crude above $100 a barrel.
Though the Omicron
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.6 million barrels from the previous week. At 413.3 million barrels, U.S. crude oil …
DENVER and CHICAGO, Jan. 11, 2022 /CNW/ – Wolf Carbon Solutions US LLC (Wolf Carbon Solutions) and ADM (NYSE: ADM), a global leader in nutrition and agricultural origination and processing, today announced that they have …
Canadian Overseas Petroleum Limited, an international oil and gas exploration, production and development company with operations focused in Wyoming, USA, announced a significant conventional light oil discovery at its Wyoming asset. In addition, COPL provides an operational update …
Consultancy group Wood Mackenzie says the oil and gas sector will continue to rebound this year, with operator spend expected to surpass US$400 billion and higher prices driving another year of record cash flow. Global supply chain disruption, …
(Bloomberg) –Enterprise Products Partners LP agreed to buy Navitas Midstream Partners LLC from Warburg Pincus LLC for $3.25 billion in cash to add natural gas pipeline and processing assets in the Permian Basin, the world’s most prolific shale …
Carbon capture and storage, (CCS) clean hydrogen and floating offshore wind are all low-carbon technologies that are on the cusp of mass commercialisation and where the oil and gas sector could achieve leadership and massive scale. Keen to …
Publisher’s Note: Investment event to bring energy technology, investment professionals and industry together to share ideas and provide capital to innovations that will shape the future of energy. Investors can register now to attend The Energy …
HOUSTON – Employment in the U.S. oilfield services and equipment sector rose by an estimated 7,450 jobs in December, despite the slow hiring in overall U.S. jobs, according to preliminary data from the Bureau of Labor Statistics (BLS) …
Brazil’s state-run oil company Petrobras will begin exploration this year at a resource-rich region along the country’s northern coast that falls in the same geologic trend containing the massive offshore discoveries made in neighboring Guyana.
According to Petrobras …
HOUSTON (Bloomberg) –Less than half of oil and natural gas drillers in the U.S. Great Plains and Rocky Mountains plan to curb emissions of carbon dioxide and methane this year, according to the Federal Reserve Bank of Kansas …
