Wednesday, April 2, 2025
Dude, Where’s my Shareholder? - oil and gas 360

Dude, Where’s my Shareholder?

Oil & Gas 360 By Tim Rezvan, CFA – EnerCom Equity and commodity volatility are keeping the incremental energy investor away The gravy days of October seem like a distant memory for the Energy sector. After a strong YTD rally in both crude oil and energy equities (as seen below), the wheels have quickly come off for both since late

Huge $2.6 billion green hydrogen project planned for Europe- oil and

Huge $2.6 billion green hydrogen project planned for Europe

CNBC Spanish power company Iberdrola and Sweden’s H2 Green Steel are to partner and develop a major facility that will produce green hydrogen, in yet another example of how companies are taking an interest in the much talked about sector. In an announcement on Thursday, the firms said the 2.3 billion euro ($2.6 billion) project would see them set up a green

Shell wins court ruling, to start seismic survey offshore South Africa- oil and gas 360

Shell wins court ruling, to start seismic survey offshore South Africa

World Oil (Bloomberg) –A South African court has ruled that Royal Dutch Shell Plc can proceed with a seismic survey offshore the East Coast, after dismissing a legal application by activist groups. Greenpeace was among organizations that filed an urgent court interdict this week to block the activity, used in the search for oil and gas resources, claiming it’s linked

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count had no change this week, stays at 569

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had no change over last week, resulting in a total count of 569 rigs. Canada had an increase of 9 over last week, resulting in a total Canadian count of 180 rigs. Breakdown by region Of the regions tracked by Baker Hughes, no regions experienced an increase

Oil climbs as OPEC sticks to its own course- oil and gas 360

Oil climbs as OPEC sticks to its own course

Fox Business OPEC stayed the course this week, sticking to their planned 400,000-barrels-a-day production increase and did not give in to the fears surrounding the recent price crash due to the omicron variant virus worries. Now, the Biden administration is celebrating beautiful organic OPEC-produced fossil fuels. They took the time to congratulate OPEC for adding more barrels of dirty oil to

Gas price windfall makes Gazprom patient over Nord Stream 2 delay- oil and gas 360

Gas price windfall makes Gazprom patient over Nord Stream 2 delay

Nasdaq MOSCOW, Dec 3 – Windfall revenues from high European gas prices mean Russia’s Gazprom GAZP.MM will not start pumping gas through the Nord Stream 2 pipeline before certification and it will not press Germany to speed up the process, two sources said. Pumping gas without the German approval would only incur a modest fine, but as Germany gets new political

Turkey threatens to block Exxon Mobil venture drilling offshore Cyprus- oil and gas 360

Turkey threatens to block Exxon Mobil venture drilling offshore Cyprus

World Oil (Bloomberg) –Turkey threatened to block any unauthorized search for gas and oil in its economic exclusive zone in the eastern Mediterranean after Cyprus awarded hydrocarbon exploration and drilling rights in its offshore block 5 to a venture of Exxon Mobil and Qatar Petroleum. A part of the license area in question violates Turkey’s continental shelf in the eastern