(Oil Price) – Crude oil and natural gas investments in Colombia could rise to $4.68 billion this year, from $4.33 billion in 2024, the country’s oil and gas industry association said, adding that this will not lead to higher production. “Today more investment is required to produce the same amount of oil, due to the natural depletion of the fields and
(Oil & Gas 360) – Electricity Data For The Month Of March Highlights Why Many Are Likely To Soon Be Caught Very Natural Gas Short More energy needed to power the much needing to be done had 3.2% more electricity generated in March than last year. Grid connected electricity generation plus small-scale solar averaged 11.030-billion-kilowatt hours per day (Bkwh/d) in
(Oil& Gas 360) – Headlines Continuing To Paint A Bearish Oil & Natural Gas Picture During The Month Of May Are Keeping Steadily-Tightening, Temporarily Hidden. Wednesday’s main oil market headline was that U.S. inventory increased again. The main headline from Wednesday morning’s release of the Department of Energy’s (DOE’s) Weekly Petroleum Status Report was that “U.S. crude oil inventory increased again.”
(BOE Report) – Saudi oil giant Aramco is seeking investors in infrastructure, including pipelines, for its $100 billion Jafurah gas project, two people familiar with the matter told Reuters. The Jafurah project is key to Saudi Aramco’s ambitions to become a major global player in natural gas and to boost its gas production capacity by 60% by 2030 from 2021 levels.
(Oil Price) – NRG Energy will buy a portfolio of gas-fired power generation facilities valued at $12 billion from LS Power Equity Advisors, as the Houston-based firm bets on the growing U.S. electricity demand. The deal for the portfolio of natural gas generation facilities and a commercial and industrial virtual power plant (C&I VPP) platform from LS Power will be a
Publisher’s Note: Flotek Industries will present at EnerCom Denver—The Energy Investment Conference on August 17-20, 2025. Register to attend. (Oil & Gas 360) – HOUSTON, April 28, 2025 /PRNewswireOpens in new window/ — Flotek Industries, Inc. (“Flotek”) (NYSE: FTK) and ProFrac Holding Corp. (NASDAQ: ACDC) (“ProFrac”) today jointly announced Flotek’s acquisition of power generation assets and related intellectual property (the “Acquired Assets”)
(World Oil) – Drillers in Canada’s energy heartland of Alberta are shifting their focus to natural gas as the global trade war and an OPEC+ plan to increase output hammer crude prices. The number of licenses for new gas wells issued in the first quarter rose 26% from the previous quarter to 308, the highest quarterly total in two years,
(Oil & Gas 360) – While Recession Worry Is High, Stock Prices Suggest It Has Happened. Stock Prices & Data Also Indicate A Great Natural Gas & Oil Buy-Low Opportunity. Energy Market Assessment: While recession worry is high, stock prices suggest it has happened- oil & gas 360 The S&P 500 dropping 1,312.39 (21.3%) and the NASDAQ dropping 5,420.55 (26.8%) from
(BOE Report) – Abu Dhabi state oil company ADNOC is considering a bid for natural gas assets of investment firm Aethon Energy Management that could potentially be worth about $9 billion, Bloomberg News reported on Friday, citing people familiar with the matter. ADNOC has done a string of acquisitions in gas and chemicals, which along with LNG and renewables it
(Oil Price) – BP expects to post a weak natural gas trading result for the first quarter, as well as lower gas output, as the UK-based supermajor is resetting its strategy back to core oil and gas operations. Reported upstream production in the first quarter is expected to be lower compared to the prior quarter, with oil production slightly higher and
(Oil & Gas 360) WhiteHawk closes $118 million acquisition of additional Marcellus Shale natural gas mineral and royalty assets by doubling its ownership interests in its existing 475,000 gross unit acres position Acquisition generates cash flow from over 1,400 wells, anchored by top-tier operators EQT, Range Resources, and CNX Resources This transaction increases WhiteHawk’s natural gas mineral and royalty interests
(BOE Report) – U.S. natural gas producers and investment firms are gearing up for more activity in Louisiana’s Haynesville shale basin, positioning themselves for a boom in liquefied natural gas exports boosted by new approvals from President Donald Trump. Gas prices are rising as LNG producers in the United States, already the world’s largest LNG exporter, bring new projects online
