Post Tagged with: "360 News Desk"

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 …

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 …

U.S. crude oil inventories increase by 1.5 million barrels

U.S. crude oil inventories increase by 1.5 million barrels

Weekly Crude Oil Storage as of March 8, 2024

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.5 million barrels from the previous week.  At 447.0 million barrels, U.S. crude oil inventories …

U.S. rig count had a decrease of 7 this week, at 622

U.S. rig count had a decrease of 7 this week, at 622

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 7 over last week, resulting in a total count of 622 rigs. Canada had a decrease of 6 over last week, resulting in …

Weekly Gas Storage: Inventories decrease by 40 Bcf

Weekly Gas Storage: Inventories decrease by 40 Bcf

Natural Gas Inventories as of March 1, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 40 Bcf as of March 1, 2024.

Working gas in storage was 2,334 Bcf as of Friday, March …

U.S. crude oil inventories increase by 1.4 million barrels

U.S. crude oil inventories increase by 1.4 million barrels

Weekly Crude Oil Storage as of March 1, 2024

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.4 million barrels from the previous week.  At 448.5 million barrels, U.S. crude oil inventories …

U.S. rig count had an increase of 3 this week, at 629

U.S. rig count had an increase of 3 this week, at 629

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 3 over last week, resulting in a total count of 629 rigs. Canada had no change over last week, resulting in a total …

Weekly Gas Storage: Inventories decrease by 96 Bcf

Weekly Gas Storage: Inventories decrease by 96 Bcf

Natural Gas Inventories as of February 23, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 96 Bcf as of February 23, 2024.

Working gas in storage was 2,374 Bcf as of Friday, February …

U.S. crude oil inventories increase by 4.2million barrels

U.S. crude oil inventories increase by 4.2million barrels

Weekly Crude Oil Storage as of February 23, 2024

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.2 million barrels from the previous week.  At 447.2 million barrels, U.S. crude oil inventories …

U.S. rig count had an increase of 5 this week, at 626

U.S. rig count had an increase of 5 this week, at 626

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 5 over last week, resulting in a total count of 626 rigs. Canada had a decrease of 3 over last week, resulting in …

Weekly Gas Storage: Inventories decrease by 60 Bcf

Weekly Gas Storage: Inventories decrease by 60 Bcf

Natural Gas Inventories as of February 16, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 60 Bcf as of February 16, 2024.

Working gas in storage was 2,470 Bcf as of Friday, February …

Transportation Oil Gas Congress 2024 on February 19-20, 2024 in Milan, Italy

Transportation Oil Gas Congress 2024 on February 19-20, 2024 in Milan, Italy

Oil and Gas 360


CO2 Debates: Steering the Course to a Low-Carbon Economy with Efficient CO2 Transportation

 

As the world grapples with the escalating climate crisis, the urgent need to transition to a low-carbon economy has never been more

Weekly Gas Storage: Inventories decrease by 49 Bcf

Weekly Gas Storage: Inventories decrease by 49 Bcf

Natural Gas Inventories as of February 9, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 49 Bcf as of February 9, 2024.

Working gas in storage was 2,535 Bcf as of Friday, February …

U.S. crude oil inventories increase by 12.0 million barrels

U.S. crude oil inventories increase by 12.0 million barrels

Weekly Crude Oil Storage as of February 9, 2024

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 12.0 million barrels from the previous week.  At 439.5 million barrels, U.S. crude oil inventories …

U.S. rig count had an increase of 4 this week, at 623

U.S. rig count had an increase of 4 this week, at 623

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 4 over last week, resulting in a total count of 623 rigs. Canada had no change over last week, resulting in a total …

Source: World Oil

Devon Energy in talks to acquire oil driller Enerplus

World Oil


(Bloomberg) – Devon Energy Corp., an Oklahoma City-based oil and gas company, is in talks to acquire Calgary-based driller Enerplus Corp., Reuters reported.

The companies have not come to an agreement, Reuters said, citing anonymous sources. It comes …

Weekly Gas Storage: Inventories decrease by 75 Bcf

Weekly Gas Storage: Inventories decrease by 75 Bcf

Natural Gas Inventories as of February 2, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 75 Bcf as of February 2, 2024.

Working gas in storage was 2,584 Bcf as of Friday, February …

U.S. crude oil inventories increase by 5.5 million barrels

U.S. crude oil inventories increase by 5.5 million barrels

Weekly Crude Oil Storage as of February 2, 2024

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.5 million barrels from the previous week.  At 427.4 million barrels, U.S. crude oil inventories …

Weekly Gas Storage: Inventories decrease by 197 Bcf

Weekly Gas Storage: Inventories decrease by 197 Bcf

Natural Gas Inventories as of January 26, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 197 Bcf as of January 26, 2024.

Working gas in storage was 2,659 Bcf as of Friday, January …

Source: World Oil

Venezuelan oil production to swiftly decline under renewed U.S. sanctions

World Oil


(Bloomberg) – Venezuelan oil production at a four-year high is expected to decline quickly if the US follows through on threats to reinstate sanctions on the nation.

The Biden administration on Tuesday said sanctions relief to Venezuela’s oil …

U.S. crude oil inventories increase by 1.2 million barrels

U.S. crude oil inventories increase by 1.2 million barrels

Weekly Crude Oil Storage as of January 26, 2024

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.2 million barrels from the previous week.  At 421.9 million barrels, U.S. crude oil inventories …

Source: Oil Price

North Dakota oil production climbing back faster than anticipated

Oil Price


North Dakota’s production of crude oil is returning to full force at a quicker pace than first suggested by authorities, new data from the state’s regulator showed on Friday.

Crude oil production in the Peace Garden State is …

U.S. rig count had an increase of 2 this week, at 621

U.S. rig count had an increase of 2 this week, at 621

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 2 over last week, resulting in a total count of 621 rigs. Canada had a decrease of 7 over last week, resulting in …

OPEC+ plans to keep oil production cuts unchanged

OPEC+ plans to keep oil production cuts unchanged

Oil Price


The OPEC+ group doesn’t have any plans to alter the current oil production policy and cuts when the alliance’s monitoring panel meets next week, OPEC+ delegates told Bloomberg on Friday.

OPEC’s Joint Ministerial Monitoring Committee (JMMC), which takes …

Oil heads for weekly gain on US growth and Middle East concerns

Oil heads for weekly gain on US growth and Middle East concerns

US News


LONDON -Oil eased on Friday but was heading for a second weekly gain as positive U.S. economic growth and signs of Chinese stimulus boosted demand sentiment, while Middle East supply concerns added further support.

The United States, the

Weekly Gas Storage: Inventories decrease by 326 Bcf

Weekly Gas Storage: Inventories decrease by 326 Bcf

Natural Gas Inventories as of January 19, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 356 Bcf as of January 19, 2024.

Working gas in storage was 2,856 Bcf as of Friday, January …

Gevo provides business update

Gevo provides business update

Oil & Gas 360


ENGLEWOOD, Colo., Jan. 24, 2024 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO), a leading carbon abatement company that commercializes drop-in fuels and chemicals for difficult to decarbonize sectors, today provided a business update. Gevo also expects …

January 24, 2024 - 2:30 pm Uncategorized
Source: Reuters

Tullow Oil on track to deliver $600 million free cash flow over next 2 years

Nasdaq


West Africa-focused Tullow Oil TLW.L said on Wednesday it was on track to deliver about $600 million free cash flow over the next two years to achieve its stated target of $800 million from 2023 to 2025, sending its …

Source: Reuters

Traders turn bearish on U.S. oil

Oil Price


Traders are selling West Texas Intermediate futures in anticipation of further strong production growth. As a result, prices are weakening further despite the uncertainty of such an outlook.

In fact, expectations from the industry and the EIA are …