Other News

Bahrain oil projects gets U.S. funding despite climate agenda

Bahrain oil projects gets U.S. funding despite climate agenda

Oil Price


The U.S. Export-Import Bank approved a loan guarantee of $500 million for a Bahrain oil project despite opposition from Democrats noting the move would compromise the Biden administration’s hard line on climate change.

Last month, the Export-Import Bank …

U.S. rig count had an increase of 7 this week, at 629

U.S. rig count had an increase of 7 this week, at 629

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 7 over last week, resulting in a total count of 629 rigs. Canada had a decrease of 18 over last week, resulting in …

Careers in Energy Releases National Energy Labour Market Outlook to 2035

Careers in Energy Releases National Energy Labour Market Outlook to 2035

(TheNewswire) March 12, 2024 / TheNewswire / Calgary, AB — A new report proj…

March 15, 2024 - 11:00 am Oil Sands, Press Releases
Source: Reuters

BP partners with Venezuela on Trinidad gas field

Oil Price


BP and Venezuela are jointly discussing the development of a gas field in Trinidad and Tobago, which the island nation shares with Venezuela.

“BP can confirm that it is in discussions with the government of Trinidad and Tobago …

Oil prices dip, but set to end week over 3% higher

Oil prices dip, but set to end week over 3% higher

Yahoo Finance


Oil prices edged lower on Friday but were on track to gain over 3% for the week, boosted by the International Energy Agency raising its 2024 oil demand forecast and an unexpected decline in U.S. stockpiles.

Brent crude …

Cardinal Energy Ltd. Announces Fourth Quarter 2023 and Year-End Financial Results

Cardinal Energy Ltd. Announces Fourth Quarter 2023 and Year-End Financial Results

Calgary, Alberta–(Newsfile Corp. – March 14, 2024) – Cardinal Energy Ltd. (TSX: CJ) (“Cardinal” …

March 14, 2024 - 6:33 pm Press Releases
Canter Resources Appoints New CFO, Corporate Secretary, Provides Corporate Updates and Announces Annual General Meeting Date

Canter Resources Appoints New CFO, Corporate Secretary, Provides Corporate Updates and Announces Annual General Meeting Date

Vancouver, British Columbia–(Newsfile Corp. – March 14, 2024) – Canter Resources Corp. (CSE: CR…

March 14, 2024 - 5:13 pm Corporate Governance, Press Releases
Obsidian Energy Completes Offer to Purchase $2.0 Million of our Outstanding Senior Unsecured Notes

Obsidian Energy Completes Offer to Purchase $2.0 Million of our Outstanding Senior Unsecured Notes

Calgary, Alberta–(Newsfile Corp. – March 14, 2024) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE Ameri…

March 14, 2024 - 5:00 pm Press Releases

Baytex Announces Pricing of Upsized US$575 Million Private Placement Offering of Senior Notes

Calgary, Alberta–(Newsfile Corp. – March 14, 2024) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) …

March 14, 2024 - 4:30 pm Uncategorized
Baytex Announces Pricing of Upsized US$575 Million Private Placement Offering of Senior Notes

Baytex Announces Pricing of Upsized US$575 Million Private Placement Offering of Senior Notes

Calgary, Alberta–(Newsfile Corp. – March 14, 2024) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) …

March 14, 2024 - 4:30 pm Finance, Press Releases
Source: World Oil

U.S. oil companies use AI for faster shale drilling, mitigating OPEC production cuts

World Oil


(Bloomberg) – From a dark Houston control room, Rafael Guedes watched on a monitor as a robot took charge of a drilling rig in a North Dakota oil field, locking out the human operator.

Glowing red boxes lit …

Real Estate Mogul Daniel Neiditch Teams up with Sports Legends John Starks, Darryl Strawberry and Tommy Devito for a Day of Charity in New York

Real Estate Mogul Daniel Neiditch Teams up with Sports Legends John Starks, Darryl Strawberry and Tommy Devito for a Day of Charity in New York

New York, New York–(Newsfile Corp. – March 14, 2024) – In a remarkable display of camaraderie an…

March 14, 2024 - 2:50 pm Press Releases
Source: Reuters

Colombia’s Ecopetrol board blasts anti-oil President’s nominees as unfit

World Oil


(Bloomberg) – Board members of Colombia’s state oil company are objecting to President Gustavo Petro’s attempt to overhaul it with new directors as he works to wean the country off oil and gas.

Ecopetrol SA’s governance committee issued

Source: Reuters

U.S. wants Venture Global to explain confidentiality of its LNG project

Oil Price


The Federal Energy Regulatory Commission (FERC) has asked U.S. liquefied natural gas exporter Venture Global LNG to justify why it keeps details of its Calcasieu Pass LNG facility confidential, weeks after customers including BP complained that the U.S. …

March 14, 2024 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, LNG
Webcor Delivers World’s 1st TRUE-Certified Construction Project at GENESIS Marina

Webcor Delivers World’s 1st TRUE-Certified Construction Project at GENESIS Marina

San Francisco, California–(Newsfile Corp. – March 14, 2024) – Webcor, a leading commercial const…

March 14, 2024 - 1:30 pm Press Releases
Source: Reuters

Exclusive-Weak bids in Citgo auction spurs Venezuela to pitch alternative pay plan

US News


HOUSTON/MIAMI (Reuters) -The highest bid received in a U.S. auction of shares that will decide the fate of Venezuela-owned oil refiner Citgo Petroleum was $7.3 billion, enough to cover only a third of court-approved claims, two people familiar

Source: Reuters

IEA sees OPEC+ cuts pushing oil markets into a supply deficit

Oil Price


The oil market is shifting from a surplus to a supply deficit that will last for all of 2024 if OPEC+ further extends its production cuts until the end of the year, the International Energy Agency (IEA) said …

March 14, 2024 - 11:47 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
7 Key Markets In Oil and Gas Industry – By The Business Research Company

7 Key Markets In Oil and Gas Industry – By The Business Research Company

LONDON, March 14, 2024 (GLOBE NEWSWIRE) — Stay ahead of competitors by leveraging The Business R…

March 14, 2024 - 11:30 am Oil Sands, Press Releases
Weekly Gas Storage: Inventories decrease by 9 Bcf

Weekly Gas Storage: Inventories decrease by 9 Bcf

Natural Gas Inventories as of March 8, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 9 Bcf as of March 8, 2024.

Working gas in storage was 2,325 Bcf as of Friday, March …

International Energy Agency Raises Oil Demand Forecast

2024-03-14 09:44:40 ET The International Energy Agency (IEA) has raised its forecast for …

March 14, 2024 - 9:44 am Uncategorized
International Energy Agency Raises Oil Demand Forecast

International Energy Agency Raises Oil Demand Forecast

2024-03-14 09:44:40 ET The International Energy Agency (IEA) has raised its forecast for …

March 14, 2024 - 9:44 am Press Releases
Baytex Announces Proposed US$500 Million Private Placement Offering of Senior Notes

Baytex Announces Proposed US$500 Million Private Placement Offering of Senior Notes

Calgary, Alberta–(Newsfile Corp. – March 14, 2024) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) …

March 14, 2024 - 8:43 am Finance, Press Releases
Bengal Energy Announces Field Resource Maturation and Development Plan On Its 100% Owned Tookoonooka Potential Commercial Area

Bengal Energy Announces Field Resource Maturation and Development Plan On Its 100% Owned Tookoonooka Potential Commercial Area

Calgary, Alberta–(Newsfile Corp. – March 14, 2024) – Bengal Energy Ltd. (TSX: BNG) (” Bengal “…

March 14, 2024 - 5:00 am Press Releases
The Sunshine Coast’s Disastrous Dock Management Plan

The Sunshine Coast’s Disastrous Dock Management Plan

After 20 years, the Province still refuses to seriously consult with property owners Pender Harb…

March 14, 2024 - 3:05 am Press Releases
Permex Petroleum Provides Update Regarding Management Cease Trade Order

Permex Petroleum Provides Update Regarding Management Cease Trade Order

Vancouver, British Columbia–(Newsfile Corp. – March 13, 2024) – Permex Petroleum Corporation (CS…

March 13, 2024 - 10:41 pm Press Releases
Lithium ION Energy Announces Debt Settlement and Grant of Stock Options

Lithium ION Energy Announces Debt Settlement and Grant of Stock Options

Toronto, Ontario–(Newsfile Corp. – March 13, 2024) – Lithium ION Energy Limited (TSXV: ION) (OTC…

March 13, 2024 - 6:00 pm Press Releases
North American Construction Group Ltd. Announces Results for the Fourth Quarter and Year Ended December 31, 2023

North American Construction Group Ltd. Announces Results for the Fourth Quarter and Year Ended December 31, 2023

ACHESON, Alberta, March 13, 2024 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NAC…

March 13, 2024 - 5:05 pm Oil Sands, Press Releases
Source: Reuters

US grants $750 million for hydrogen projects across 24 states

Nasdaq


WASHINGTON – The U.S. Department of Energy said on Wednesday it is granting $750 million to projects across 24 states that are building capacity to produce and use clean hydrogen.

Hydrogen is a fuel that the administration of President …

Cerilon and Chevron Enter into Technology Licensing Agreements for the Production of Superior-Quality Group III+ Base Oils and Ultra-Low Sulphur Diesel at its Gas-To-Liquids (GTL) Facility in Williams County, North Dakota

Cerilon and Chevron Enter into Technology Licensing Agreements for the Production of Superior-Quality Group III+ Base Oils and Ultra-Low Sulphur Diesel at its Gas-To-Liquids (GTL) Facility in Williams County, North Dakota

Calgary, Alberta–(Newsfile Corp. – March 13, 2024) – Cerilon is pleased to announce the signing …

March 13, 2024 - 2:45 pm Press Releases
Source: Reuters

BP and ADNOC suspend $2-billion Israel gas deal as Gaza war continues

Oil Price


BP and the Abu Dhabi National Oil Company (ADNOC) have suspended talks to buy a 50% stake in Israel’s natural gas producer NewMed, due to uncertainty in the region, the Israeli company said on Wednesday.

In March 2023, …