Wednesday, November 27, 2024
Global LNG poised for terrible year as new supply floods market- oil and gas 360

Global LNG poised for terrible year as new supply floods market

Houston Chronicle Liquefied natural gas prices are poised to test record lows this year thanks to an onslaught of new supply and warmer winter temperatures curbing consumption. The startup of new export projects from Australia to the U.S. has flooded the market, while brimming stockpiles in Europe and an expected slowdown in Chinese demand have dumped cold water on consumption

Lilis Energy receives extension on initial borrowing base deficiency payment- oil and gas 360

Lilis Energy receives extension on initial borrowing base deficiency payment

Oil and Gas 360 FORT WORTH, Texas, Jan. 24, 2020 (GLOBE NEWSWIRE) — Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced that the Company’s bank lending group has agreed to extend from January 24, 2020 to February 7, 2020 the due

U.S. rig count had an increase of 1 this week, at 255- oil and gas 360

U.S. rig count down 2 this week, at 794

This week’s Baker Hughes rig count shows that U.S. numbers decreased by 2, resulting in the total count increasing to 794 rigs. Canada had no change over last week, resulting in a total Canadian count of 244 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Ardmore Woodford, Eagle Ford, Permian and Utica regions saw an increase

Exclusive: Guyana opening search for oil firm to trade its crude - official- oil and gas 360

Exclusive: Guyana opening search for oil firm to trade its crude – official

Reuters GEORGETOWN – Guyana’s government next month plans to begin a search for an oil company or trading firm to market its share of the South American country’s crude, the director of the Department of Energy, Mark Bynoe, said in an interview. The government is entitled to a portion of the light, sweet crude that a consortium led by Exxon

Valero Energy Corporation announces officer promotions- oil and gas 360

Valero Energy Corporation announces officer promotions

Oil and Gas 360 SAN ANTONIO, Jan. 24, 2020 (GLOBE NEWSWIRE) — Valero Energy Corporation (NYSE: VLO, “Valero”) announced today that Valero’s Board of Directors have approved promotions for Lane Riggs, Gary Simmons and Eric Fisher, effective January 23, 2020. Lane Riggs has been promoted and elected President of Valero and will hold the title of President and Chief Operating Officer,