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 491 rigs. Canada had an decrease of 1 over last week, resulting in a total Canadian count of 149 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Ardmore Woodford,
Reuters LONDON – Oil slipped further below $74 a barrel on Friday but was on track to end the week little changed after a surprising recovery from Monday’s slide, underpinned by expectations that supply will remain tight as demand recovers. The price of oil and other riskier assets tumbled at the start of the week on concern over the impact
Global revenue of $5.6 billion increased 8% sequentially International revenue wa…
Oil & Gas 360 Publisher’s Note: Registration is Open for The Oil & Gas Conference®, August 15-18, 2021 in Denver, Colorado. EnerCom Updates Panel Presenters on Day Three of the Oil & Gas Conference. DENVER – June 14, 2021 (PR Newswire) Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space should register now for The Oil
CNBC WASHINGTON – Iran on Thursday opened its first oil terminal in the Gulf of Oman, a move aimed at making Iranian President Hassan Rouhani’s regime less dependent on the Strait of Hormuz, often a source of international tension. Source: CNBC The location of the new oil terminal — a project that began in 2019 and will cost some $2
Reuters LONDON – Gas industry lobbyists have stepped up meetings with European Union policymakers amid a political tussle on whether to badge the fuel as sustainable, analysis from campaign group Reclaim Finance showed. Gas-related lobbyists held 323 meetings between January 2020 and May 2021, the NGO said in a report, citing European Union Transparency Register data, up from 295 meetings
By Andrew Nichols: EnerCom Historically, the price of crude oil and the price of liquified natural gas, or LNG, showed strong signs of correlation. For example, in 2017, the monthly average spot price for a MMBtu of LNG in Japan showed an 85% correlation with the price of U.S. crude oil benchmark West Texas Intermediate (WTI). However, after the massive
Strong Free Cash Flow From Profitable Low-Breakeven Production GeoPark Limi…
US News LONDON/SINGAPORE/MEXICO CITY – A Chinese logistics firm has emerged as a central player in the supply of sanctioned oil from Iran and Venezuela, even after it was blacklisted by Washington two years ago for handling Iranian crude, seven sources with knowledge of the deals told Reuters. The more prominent role of China Concord Petroleum Co, also known as
Reuters BERLIN/KYIV – German Chancellor Angela Merkel on Thursday defended a deal with the United States that allows the Nord Stream 2 gas pipeline to proceed as a pragmatic compromise, but Ukraine said it was too weak to ensure Russia behaves the way Kyiv and the West want. Source: Reuters Ukraine has long opposed the nearly completed $11 billion project
Natural Gas Inventories as of July 16, 2021 The EIA has released its natural gas inventory report, showing a net increase of 49 Bcf as of July 16, 2021. Working gas in storage was 2,678 Bcf as of Friday, July 16, 2021, according to EIA estimates. This represents a net increase of 49 Bcf from the previous week. Stocks were
Oil & Gas 360 Publisher’s Note: Registration is Open for The Oil & Gas Conference®, August 15-18, 2021 in Denver, Colorado. EnerCom Updates Panel Presenters on Day Three of the Oil & Gas Conference. DENVER – June 14, 2021 (PR Newswire) Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space should register now for The Oil
