Post Tagged with: "360 News Desk"

Source: Continental Resources

Continental Resources announces Doug Lawler as President and CEO

Oil and Gas 360


OKLAHOMA CITY, Dec. 6, 2022 /PRNewswire/ — Continental Resources, Inc. announced today President and Chief Operating Officer (COO) Doug Lawler will assume the role of President and Chief Executive Officer (CEO).

 

“Doug is …

IPAA appoints Steven Pruett as new board chairman

IPAA appoints Steven Pruett as new board chairman

World Oil


(WO) — The Independent Petroleum Association of America (IPAA) board of directors on Monday has appointed Steven H. Pruett, the president and CEO of Elevation Resources LLC, as board chairman for the 2022-2024 term. Pruett comes into this …

December 6, 2022 - 3:00 pm Closing Bell Story‎, Crude Oil News, Energy News, People
Source: Reuters

U.S. oil exports hit record high

Oil Price


U.S. exports of crude oil and petroleum products hit an all-time high of 11.8 million barrels per day (bpd) last week, The Maritime Executive reports.

 

In the week to November 25, a total of 11.776 million …

Source: Reuters

Manchin’s energy-permitting reform bill may get another chance

World Oil


(Bloomberg) — A previously-stalled legislative effort to fast-track energy projects backed by West Virginia Senator Joe Manchin could be attached to a must-pass defense bill after a last-minute push by Democratic leadership, people familiar with the effort said.…

Source: Oil Price

California targets oil industry with profit cap

Oil Price


California legislators have tabled a bill aimed at extracting more money from oil companies who they blame for excessive gasoline prices in the state, local media report.

Per the Sacramento Bee, the bill was proposed by Democratic …

December 6, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance, Politics
Matador Resources Company amends its quarterly cash dividend policy to $0.15 per share

Matador Resources Company amends its quarterly cash dividend policy to $0.15 per share

Oil and Gas 360


DALLAS–(BUSINESS WIRE)–Dec. 6, 2022– Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that its Board of Directors amended the Company’s dividend policy pursuant to which the Company intends to pay cash dividends on …

Source: Reuters

Cenovus announces 2023 budget

Oil and Gas 360


CALGARY, Alberta, Dec. 06, 2022 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its 2023 budget, delivering disciplined capital allocation and focused investment plans to progress opportunities across its integrated portfolio, holding …

Source: Reuters

Oil prices fall on economic fears, dollar strength

BOE Report


Oil prices fell in a volatile market on Tuesday as the U.S. dollar stayed strong and economic uncertainty offset the bullish impact of a price cap placed on Russian oil and the prospects of a demand boost in …

December 6, 2022 - 9:30 am Commodity Pricing, Crude Oil News, Energy News
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 5, 2022 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance
Source: Bloomberg

US shale-patch jobless rate shows labor-market tightness endures

World Oil


(Bloomberg) — The short supply of labor in the US oil patch has plagued exploration and production companies all year, and the tightness continues.

While the sector’s unemployment rate jumped to 3.1% in November from 0.8% in the …

Source: Oil Price

Price cap on Russian oil comes into effect

Oil Price


The price cap of $60 per barrel for Russian oil devised by the G7 and supported by the European Union comes into effect today, aiming to curb Russia’s revenues from oil exports while keeping flows into the international …

Source: World Oil

EQT gets antitrust request over $5.2 billion Appalachia deal

World Oil


(Bloomberg) — EQT Corp. said the U.S. antitrust regulator asked for additional information and documentary materials in connection with a $5.2 billion acquisition announced in September, a move that raises questions on the largest US natural gas producer’s …

Source: Reuters

Column: OPEC+ sits sensibly on its hands as oil uncertainties abound

Nasdaq


LAUNCESTON, Australia – When faced with a myriad of uncertainties the most sensible path is often to sit back and see how events unfold. That is what OPEC+ has chosen to do with the crude oil market.

The Organization …

Source: Reuters

Oil gains on OPEC+ output plans and price cap on Russian crude

BOE Report


Oil prices on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and the start of a G7 price cap on Russian crude.

At the same time, in a positive sign for …

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

Chief

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 …

Weekly Gas Storage: Inventories decrease by 81 Bcf

Weekly Gas Storage: Inventories decrease by 81 Bcf

Natural Gas Inventories as of November 25, 2022

The EIA has released its natural gas inventory report, showing a net decrease of 81 Bcf as of November 25, 2022.

Working gas in storage was 3,483 Bcf as of Friday, November …

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 …