Popular 2

U.S. crude oil inventories decrease by 3.2 million barrels

U.S. crude oil inventories decrease by 3.2 million barrels

Weekly Crude Oil Storage as of January 8, 2021

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.2 million barrels from the previous week. At 482.2 million barrels, U.S. crude oil …

U.S. crude oil inventories decrease by 8.0 million barrels

U.S. crude oil inventories decrease by 8.0 million barrels

Weekly Crude Oil Storage as of January 1, 2021

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 8.0 million barrels from the previous week. At 485.5 million barrels, U.S. crude oil …

U.S. crude oil inventories decrease by 6.1 million barrels

U.S. crude oil inventories decrease by 6.1 million barrels

Weekly Crude Oil Storage as of December 25, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.1 million barrels from the previous week. At 493.5 million barrels, U.S. crude oil …

U.S. crude oil inventories decrease by 3.1 million barrels

U.S. crude oil inventories decrease by 3.1 million barrels

Weekly Crude Oil Storage as of December 11, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.1 million barrels from the previous week. At 500.1 million barrels, U.S. crude oil …

U.S. crude oil inventories increase by 15.2 million barrels

U.S. crude oil inventories increase by 15.2 million barrels

Weekly Crude Oil Storage as of December 4, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 15.2 million barrels from the previous week. At 503.2 million barrels, U.S. crude oil …

U.S. crude oil inventories decrease by 0.7 million barrels

U.S. crude oil inventories decrease by 0.7 million barrels

Weekly Crude Oil Storage as of November 27, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.7 million barrels from the previous week. At 488.0 million barrels, U.S. crude oil …

Lowering your OPEX has never been easier…do you have spare $$$ to lose?

Lowering your OPEX has never been easier…do you have spare $$$ to lose?

If you have listened to any of the recent M&A investor calls, you will notice two main themes that management highlights as reasons that make these deals attractive to investors: ESG commitments and cost savings from ‘synergies’. A few examples

China’s first domestically made nuclear reactor, the Hualong One, goes online

China’s first domestically made nuclear reactor, the Hualong One, goes online

EnergyWorld

The reactor, which was connected to the national grid on Friday, can generate 10 billion kilowatt-hours of electricity each year and cut carbon emissions by 8.16 million tons

BEIJING: China has powered up its first domestically developed nuclear reactor

November 28, 2020 - 8:20 pm International, Nuclear, Popular 2, Renewable/Green/Eco Energy
U.S. crude oil inventories decrease by 0.8 million barrels

U.S. crude oil inventories decrease by 0.8 million barrels

Weekly Crude Oil Storage as of November 20, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.8 million barrels from the previous week. At 488.7 million barrels, U.S. crude oil …

Crude, gas pipelines at Shell, Agip oil fields in Bayelsa damaged by explosions

Crude, gas pipelines at Shell, Agip oil fields in Bayelsa damaged by explosions

Energy Mix Report 

Unidentified persons on Monday attacked oil facilities operated by Shell Petroleum Development Company (SPDC) and Nigerian Agip Oil Company (NAOC) at Ikarama community, Yenagoa Local Government Area of Bayelsa.

Mr Ben Warder, a youth leader in Ikarama …

November 24, 2020 - 8:21 am International, Pipeline News, Popular 2
Adnoc makes 22bn barrel unconventional find – producing 5mn bpd by 2030

Adnoc makes 22bn barrel unconventional find – producing 5mn bpd by 2030

Energyvoice

Adnoc has made an unconventional discovery of 22 billion stock tank barrels onshore, Abu Dhabi’s Supreme Petroleum Council (SPC) has said.

This came in addition to a 2 billion barrel conventional oil discovery, taking the country’s total to 107bn …

November 22, 2020 - 6:01 pm Crude Oil News, International, Popular 2
Reducing LOE’s are saving operators millions every year – do you have too much money?

Reducing LOE’s are saving operators millions every year – do you have too much money?

If you have listened to any of the recent M&A investor calls, you will notice two main themes that management highlights as reasons that make these deals attractive to investors: ESG commitments and cost savings from ‘synergies’. A few examples

BP  Backtracks  on  $3.2  Billion  Brazil  Offshore  Acquisition

BP Backtracks on $3.2 Billion Brazil Offshore Acquisition

Bloomberg

BP Plc is pulling the plug on two Brazilian deep-water discoveries it bought in 2011 as part of a $3.2 billion acquisition of Devon Energy Corp.’s exploration portfolio in Latin America’s biggest nation. Brazilian independent Petro Rio SA will …

U.S. crude oil inventories increase by 0.8 million barrels

U.S. crude oil inventories increase by 0.8 million barrels

Weekly Crude Oil Storage as of November 13, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.8 million barrels from the previous week. At 489.5 million barrels, U.S. crude oil …

Stena IceMAX is the world’s first dynamically positioned, dual mast ice-class drillship. The Stena IceMAX is a Harsh Environment DP Class 3 drillship capable of drilling in water depths up to 10, 000ft. The IceMAX has on-board 2 x BOP’s, each 18¾” x 15,000psi Cameron “TL” BOP c/w ST Locks, and uses Cameron Load King riser.

Bahamas Petroleum Company – Could provide billions of much needed royalty revenue for the national treasury

360 Feed Wire

Operational Update – ‘one month out’ to Perseverance #1 – (“BPC” or the “Company”)

In the lead-up to the drilling of Perseverance #1, BPC’s obligation exploration well in The Bahamas, the Company is pleased to provide the

We projected that Libyan crude output would pick up to 1.2mn b/d in 2020

We projected that Libyan crude output would pick up to 1.2mn b/d in 2020

Argus

Oil & Gas 360 Publishers Note: We have been covering this on the Daily Energy News Beat, and called that Libyan crude would hit the 1.2 mark in 2020. Many other news groups were indicating 2021. Hats off

We asked Data Gumbo about Reducing LOE’s are saving operators millions every year – do you have too much money?

We asked Data Gumbo about Reducing LOE’s are saving operators millions every year – do you have too much money?

If you have listened to any of the recent M&A investor calls, you will notice two main themes that management highlights as reasons that make these deals attractive to investors: ESG commitments and cost savings from ‘synergies’. A few examples

Southwestern Energy purchases Montage Resources, increase borrowing base to $2B

Southwestern Energy purchases Montage Resources, increase borrowing base to $2B

OAG360 Publishers Note: More information coming, watch our Energy News Beat at 2 PM daily for more analysis

_______

SPRING, Texas–(BUSINESS WIRE)–Southwestern Energy Company (NYSE: SWN) today announced that it has completed the acquisition of Montage Resources

Total and ADNOC sign strategic framework agreement on CO2 emissions reduction and CCUS

Total and ADNOC sign strategic framework agreement on CO2 emissions reduction and CCUS

Energy-pedia

Total has signed a strategic framework agreement with the Abu Dhabi National Oil Company (ADNOC), to explore joint research, development and deployment partnership opportunities in the areas of CO2 emission reductions and carbon capture, utilization and storage (CCUS).…

GEOPARK announces successful Indico Field Drilling in CPO-5 Block in Colombia

GEOPARK announces successful Indico Field Drilling in CPO-5 Block in Colombia

360 Feed Wire

Bogota, Colombia – November 12, 2020 – GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil …

U.S. crude oil inventories increase by 4.3  million barrels

U.S. crude oil inventories increase by 4.3 million barrels

Weekly Crude Oil Storage as of November 6, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.3 million barrels from the previous week. At 488.7 million barrels, U.S. crude oil …

Reducing LOE’s are saving operators millions every year – do you have too much money?

Reducing LOE’s are saving operators millions every year – do you have too much money?

If you have listened to any of the recent M&A investor calls, you will notice two main themes that management highlights as reasons that make these deals attractive to investors: ESG commitments and cost savings from ‘synergies’. A few examples

U.S. crude oil inventories decrease by 8 million barrels

U.S. crude oil inventories decrease by 8 million barrels

Weekly Crude Oil Storage as of October 30, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 8 million barrels from the previous week. At 484.4 million barrels, U.S. crude oil …

U.S. crude oil inventories increase by 4.3 million barrels

U.S. crude oil inventories increase by 4.3 million barrels

Weekly Crude Oil Storage as of October 23, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.3 million barrels from the previous week. At 492.4 million barrels, U.S. crude oil …

Aramco Trading targets 6 million b/d within three years

Aramco Trading targets 6 million b/d within three years

S&P

Oil & Gas 360 Publishers Note: Saudi Arabia’s Aramco seems to be on the right track for success when compared to the other major oil companies. 

Dubai — Saudi Arabia’s Aramco Trading Co. is on track to hit 6 …

October 27, 2020 - 1:41 pm Crude Oil News, International, Popular 2
Source: CNBC

Libya lifts force majeure on El Feel oil field on way to 1 mil b/d output

S&P

Dubai — Libya’s state-owned National Oil Corp. said Oct. 26 it lifted force majeure on the 70,000 b/d El Feel, or Elephant, oil field as the OPEC producer seeks to almost double output to over 1 million b/d within …

October 26, 2020 - 12:45 pm Crude Oil News, International, OPEC, Popular 2
Source: Reuters

Factbox: Libya’s troubled oil sector sees new revival

Reuters


LONDON – Libya’s oil sector, shattered by unrest since the toppling of long-time leader Muammar Gaddafi in 2011, is back on the rise.

The easing of a blockade by eastern forces, which had cut output by more than 90%

Libyan oil output reaches 500,000 barrels per day following industry restart

Libyan oil output reaches 500,000 barrels per day following industry restart

Energy Mix

Libya’s daily oil production has risen to around 500,000 barrels, according to people familiar with the situation, as the war-battered nation restarts its energy industry after a truce.

Sharara, the country’s biggest oil field, is pumping roughly 110,000 …

October 18, 2020 - 2:57 pm Crude Oil News, International, OPEC, Popular 2
ConocoPhillips in talks to buy Permian producer Concho – OAG360 Rumor Mill

ConocoPhillips in talks to buy Permian producer Concho – OAG360 Rumor Mill

OAG360 Publishers: ConocoPhillips looks to hop in on the M&A action with the acquiring Midland, TX based Concho Resources.  Any low premium – all stock deal would be a steal for $COP with $CXO shareholders taking it in the shorts. …

Duke Energy’s New ESG Plans Target Coal, Methane & Higher Dividends

Duke Energy’s New ESG Plans Target Coal, Methane & Higher Dividends

247Wallst

Oil & Gas 360 Publishers Note: I applaud Duke Energy for setting these aggressive ESG goals, and hope they meet and exceed them. We have been seeing many different reports about the amount of renewable energy waste, and un-recyclable

October 11, 2020 - 6:22 am ESG, Popular 2, Power Generation, Renewable Energy