Tuesday, March 11, 2025
Shell’s second-quarter profit slumps 82% on coronavirus hit to oil prices, energy demand- oil and gas 360

Shell’s second-quarter profit slumps 82% on coronavirus hit to oil prices, energy demand

CNBC Oil giant Royal Dutch Shell on Thursday reported a sharp drop in net profit for the three months through to the end of June, following an unprecedented period of energy market turmoil and significantly weaker oil and gas prices. The Anglo-Dutch company reported adjusted earnings of $638 million for the second quarter of 2020. That compared with net profit of $3.5

Headache for OPEC as oil market structure signals return of glut- oil and gas 360

Headache for OPEC as oil market structure signals return of glut

Reuters SINGAPORE/LONDON  – Rising OPEC and U.S. oil supply, coupled with stalled economic and crude demand recovery, have pushed the futures market structure back to indicating a surplus, last observed during oil’s collapse in April and May amid the coronavirus pandemic. The development is a headache for OPEC, which had been hoping demand would recover quicker after a round of

Weekly Gas Storage: Inventories increase by 76 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 26 Bcf

Natural Gas Inventories as of July 24, 2020 The EIA has released its natural gas inventory report, showing a net increase of 26 Bcf as of July 24, 2020. Working gas in storage was 3,241 Bcf as of Friday, July 24, 2020, according to EIA estimates. This represents a net increase of 26 Bcf from the previous week. Stocks were

EnergyNet -oilandgas360

EnergyNet Indigo – Chevron Carter Knox Field Opportunity

Opportunity Highlights: Operations in Carter Knox Field: Average WI 49.1871% / Average NRI 41.9806% 52 Producing Wells | 6 Shut-In Wells | 2 Temporarily Abandoned Wells Producing from the Hunton, Sycamore, Viola, Bromide, Goddard, Morrow and Woodford Formations Non-Operated Working Interest in Carter Knox Field: Average WI 11.1478% / Average NRI 9.2601% (BPO) 52 Producing Wells | 9 Shut-In Wells