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Presenting company applications now being accepted for The Energy Venture Investment Summit 2023 presented by EnerCom and Colorado School of Mines

Presenting company applications now being accepted for The Energy Venture Investment Summit 2023 presented by EnerCom and Colorado School of Mines

Oil and Gas 360


The Energy Venture Investment Summit brings entrepreneurs and energy investors together to share innovative ideas and provide capital to companies that will shape the future of energy.

Presenting Company Applications Now Being Accepted for The Energy

December 2, 2022 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance
Source: Reuters

Chevron CEO criticizes Biden’s SPR strategy

Oil Price


Chevron CEO Mike Wirth spoke at the Economic Club of New York on Thursday to warn about the Biden administration’s cunning plan to refill the Strategic Petroleum Reserve around the $70 a barrel level. He said filling …

Source: Reuters

Harold Hamm slams Biden for Venezuela oil deal

Oil Price


The owner of Continental Resources and one of the faces of the shale revolution Harold Hamm has criticized the Biden administration’s decision to grant sanction relief to Chevron so it can restart its operations in Venezuela.

 

 …

December 2, 2022 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, People
Source: World Oil

US seeks halt to oil-reserve sales to refill depleted stockpiles

World Oil


(Bloomberg) — The Biden administration is seeking to stop sales from the Strategic Petroleum Reserve mandated by Congress so it can refill the emergency reserve, a move that could impact the release of 147 million barrels of crude …

Source: Oil Price

The energy crisis has sparked major investments in efficiency

Oil Price


Record-high energy prices and the energy market turmoil this year have accelerated efforts in energy efficiency with global investments rising by 16% annually to $560 billion this year, the International Energy Agency (IEA) said in a new report

Source: Reuters

RRC Chairman: Oil, gas industry tax revenue generates billions for rainy day, state highway funds

World Oil


(WO) – Texas Comptroller Glenn Hegar announced the transfer of $3.64 billion to the Economic Stabilization Fund (Rainy Day Fund) and $3.64 billion the State Highway Fund (SHF) on Nov. 30.

 

“The transfer $7.3 billion of oil …

December 2, 2022 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, People
Source: Reuters

‘No sacred cows’ as TC Energy prepares for C$5 bln asset sales

US News


WINNIPEG, Manitoba – As TC Energy Corp prepares to unload C$5 billion ($3.7 billion) in assets next year, investors and analysts say the North American pipeline operator has plenty of options without touching its core gas business.

‘No sacred cows’ as TC Energy prepares for C$5 bln asset sales- oil and gas 360- oil and gas 360

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Source: BOE Report

U.S. LNG exports remain flat as domestic market braces for cold season

BOE Report


U.S. liquefied natural gas exports were flat last month, Refinitiv shipping data showed on Thursday, as production remained limited and the arrival of winter weather in the Northern Hemisphere led utilities to build inventories for domestic use.

 …

Source: World Oil

Oil producer Canadian Natural Resources plans to pump record crude in 2023

World Oil


(Bloomberg) — Canadian Natural Resources Ltd., Canada’s largest oil and gas producer, is aiming to raise production as high as 1 million barrels a day in 2023 for the first time as the company ramps up drilling amid …

Source: Reuters

Why 2023 is likely to see much higher oil prices

Oil Price


Earlier this week, oil prices plunged to 2022 lows as energy markets panicked about demand amid COVID chaos in China that has resulted in an unexpected and extraordinary manifestation of street protests and even calls for Chinese President …

Source: Oil Price

Oil price cap unlikely to hurt Russia’s revenue

Oil Price


When the U.S. Treasury Secretary proposed capping the price of Russian export oil to curb Moscow’s revenues, oil prices spiked. The reason was that the price cap, aimed at reducing Russia’s means of funding the war in Ukraine, …

Source: Oil Price

Maduro demands oil sanctions be lifted before elections take place

Oil Price


Venezuela’s President Nicolas Maduro called on Wednesday for the lifting of all sanctions against the country’s oil industry before he discusses the holding of free elections with the opposition.

 

This weekend, the U.S. Administration eased some of …

December 1, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

Oil prices could fall without further OPEC+ cut, analysts say

BOE Report


OPEC+ is widely expected to stick to its latest target of reducing oil production by 2 million barrels per day (bpd) when it meets on Sunday, but some analysts believe that crude prices could fall if the group …

Source: Reuters

U.S. urges caution on low-quoted Russian oil prices as EU debates price cap

Nasdaq


NEW YORK – The Biden administration broke its silence on Wednesday on European Union deliberations over a $65-70 per barrel Russian oil price cap on Wednesday, warning far-lower prices cited for some Russian Urals crude shipments should be approached …

Three Crown spuds high potential Falcon Prospect horizontal Niobrara oil well

Three Crown spuds high potential Falcon Prospect horizontal Niobrara oil well

Oil and Gas 360


Three Crown Petroleum spud the high-potential Patterson 3H, a 1.5 mile horizontal well targeting the Niobrara formation on November 24, 2022. The well located on Three Crown’s Falcon Prospect in the prolific Powder River Basin in …

Source: World Oil

Energy CEOs hit mute button on ESG, hinting at fading interest

World Oil


(Bloomberg) — The top bosses of US oil and gas companies are speaking less and less about climate and carbon emissions, a signal that the industry’s public focus on ESG over the past couple of years may be …

Source: CNBC

Biden’s Inflation Reduction Act makes green hydrogen profitable at scale, Goldman Sachs says

CNBC


The United States’ Inflation Reduction Act represents a “turning point” when it comes to the economics of technologies such as renewables and hydrogen, according to Goldman Sachs.

 

During an interview with CNBC’s Steve Sedgwick on Tuesday, Michele …

Source: Oil Price

Saudi Arabia makes more unconventional gas discoveries

Oil Price


Saudi Arabia’s oil giant Aramco has discovered two unconventional natural gas fields in the eastern part of the country, Energy Minister Prince Abdulaziz bin Salman said on Wednesday.

 

The Awtad unconventional gas field has been discovered southwest …

Source: World Oil

Carlyle exploring multibillion-dollar offer for OMV oil and gas assets

World Oil


(Bloomberg) — Carlyle Group Inc. is exploring a multibillion-dollar bid for a large part of Austrian energy company OMV AG’s oil and gas portfolio, in what would be a bold move by a buyout firm to further expand …

Source: Reuters

Oil up on lower U.S. crude stocks and dollar, OPEC+ and China concerns limit gains

Nasdaq


Oil prices posted gains of more than 1% in Asian trade on Wednesday on falling U.S. crude inventories and a lower greenback, but concerns OPEC+ will leave output unchanged at its upcoming meeting and weak China data limited gains.…

Source: Oil Price

Apache reports rare disappointment in Suriname

Oil Price


Joint venture partners APA Corporation and TotalEnergies have declared the Awari exploration well offshore Suriname “noncommercial” in a rare disappointment for investors in a block that has seen five discoveries since 2020.

 

TotalEnergies completed drilling the Awari …

Source: Reuters

Goldman Sachs sees ‘high probability’ of OPEC cut — and expects oil prices to hit $110 next year

CNBC


A group of some of the world’s most powerful oil producers is highly likely to take further measures to stem a price decline and try to balance the market, according to Goldman Sachs.

OPEC and non-OPEC producers, an influential …

Source: Oil Price

Biden administration proposes new rules to curb gas flaring

Oil Price


The Biden administration has proposed a set of new rules aimed at curbing gas flaring on public lands, with the Bureau of Land Management saying these measures would result in $39.8 million in additional royalties for the United …

November 29, 2022 - 1:00 pm Closing Bell Story‎, Energy News, Natural Gas News, Regulatory
Source: Reuters

US to auction nearly 1 million acres off Alaska for oil drilling

World Oil


(Bloomberg) — The Biden administration plans to offer hundreds of thousands of acres off the coast of Alaska for new oil and gas drilling next month, a sale mandated in Democrats’ Inflation Reduction Act to win the support …

Source: Oil Price

Oil prices jump as market eyes another possible OPEC+ cut

Oil Price


Crude oil prices jumped on Tuesday ahead of the next OPEC+ meeting as the group dispelled earlier rumors that it could agree to increase crude oil production at its next meeting.

 

The cost of Brent crude rose …

Source: BOE Report

U.S. natgas futures rise on forecasts for cooler December weather

BOE Report


U.S. natural gas futures edged up about 1% to near a one-week high on Tuesday on forecasts for cooler weather through mid-December than previously expected.

 

That price increase, however, was limited by forecasts for less gas demand …

Source: Oil Price

Oil stocks are showing a peculiar disconnect from crude prices

Oil Price


Oil stocks have continued to show a peculiar disconnect from the commodity they track, with oil equities staging a powerful rally even as oil prices have fallen sharply since the last OPEC meeting. Over the past two months, …

Source: Oil Price

U.S. easing of sanctions on Venezuela won’t have immediate impact on oil

Oil Price


Traders are still weighing the timing and impact of U.S. President Joe Biden’s decision on Saturday to ease oil sanctions on Venezuela and grant Chevron a license to resume oil production in the country.

 

Sanctions were implemented …

November 28, 2022 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

U.S. natgas falls 5% on lower demand forecast, contract expiry

Reuters


U.S. natural gas futures fell more than 5% on Monday, weighed down by forecasts for lower demand over the next two weeks than previously expected, near record output and ahead of the expiry of the front-month December contract.

 …

Source: BOE Report

Surge Energy Inc. announces closing of over-allotment option

BOE Report


CALGARY, AB – Surge Energy Inc. (“Surge”, “SGY”, or the “Company”) (TSX: SGY) is pleased to announce it has closed an over-allotment option (the “Over-Allotment Option”) that was fully exercised by a syndicate of Underwriters to
November 28, 2022 - 11:30 am Canada, Canada News, Closing Bell Story‎, Crude Oil News, Energy News