Friday, February 7, 2025

BP’s Sale Plan Buried by Snow in Wyoming Oil and Gas Field

From Reuters BP’s plan to sell its interest in a half-million acres (202,340 hectares) of land in Wyoming dotted with 2,000 oil and gas wells has been put on ice. Over 4 feet (1.3 meters) of snow fell this winter in the Wamsutter field in south-central Wyoming – more than double the usual average – and that buried anything a

OPEC Struggles to Keep Russia On Board with Oil Cut, May Offer Shorter Extension: Reuters

From Reuters Saudi Arabia is having a hard time convincing Russia to stay much longer in an OPEC-led pact cutting oil supply, and Moscow may agree only to a three-month extension, three sources familiar with the matter said. Russian Energy Minister Alexander Novak told his Saudi counterpart Khalid al-Falih when the two met in Baku this month that he cannot

Denmark Asks Nord Stream 2 To Assess Third Route Option for Gas Pipeline

From Reuters The Danish Energy Agency has requested an environmental assessment of a third route option for the Nord Stream 2 gas pipeline in Danish waters, a move that could delay the project to pump Russian gas to Europe. The 1,225 km (765 miles) pipeline, now under construction, has come under fire from the United States and several eastern European,

Oil & Gas 360 - France’s Total and Sempra Energy Sign North America LNG Deal

Sempra Wants to Become One of North America’s Biggest LNG Exporters

From Reuters Sempra Energy is working aggressively to become one of the biggest liquefied natural gas (LNG) exporters in North America, the California energy company’s Chief Executive Jeff Martin told Reuters on Wednesday. Sempra is developing five projects – Cameron phases 1 and 2 in Louisiana, Port Arthur in Texas and Costa Azul phases 1 and 2 in Baja California

Aramco Plans $10 Billion Bond, Casting Light on Its Finances for First Time

From The Wall Street Journal Saudi Aramco plans to issue a $10 billion bond as early as next week to help fund its acquisition of a majority stake in Saudi Arabia’s petrochemicals firm, people familiar with the matter said, shining a light on the financial performance of the world’s largest oil company for the first time. The bond would be

Offshore Drilling Makes a Comeback After Years in Shale’s Shadow

From Bloomberg Offshore is ready for the limelight again. After years in the shadow of the U.S. shale patch, deep-water explorers from Royal Dutch Shell Plc to Talos Energy Inc., along with contractors such as Ensco Plc and TechnipFMC Plc, told investors at the Scotia Howard Weil Energy Conference in New Orleans this week they see a revival coming. That was a stark contrast to a subdued

Oil Edges Lower as Trump Urges OPEC to Pump, U.S. Seen Slowing

From Bloomberg Oil fell for the fourth time in five days as President Donald Trump called on OPEC to lift production and data showed the U.S. economy cooling faster than expected. Futures in New York almost staged a comeback as trading closed, but still ended down 0.2 percent. It’s “very important” that OPEC increase crude flows as prices are “getting