December 16, 2021 – Oil & Gas 360

Exclusive Interview: Qnergy – stirling engines for addressing methane emissions - oil and gas 360

Exclusive Interview with Iron IQ on secure, scalable, affordable, cloud-based SCADA solutions

December 16, 2021

Publisher’s Note: Dan Genovese with EnerCom sat down with Michael Ligrani, CEO of Iron IQ, to discuss their solution to get operators on a frictionless path to getting all their equipment, people, and processes connected on the cloud. Iron IQ’s solutions for Oil and Gas are easily expanded into adjacent industries, such as mining, water management, solar and precision agriculture,

Oil demand back to pre-COVID-19 levels outside aviation, says GlobalData

December 16, 2021

World Oil Global demand for oil products has seen strong recovery this year, however, depressed kerosene demand from the aviation sector is a major barrier to full recovery, says GlobalData, a leading data and analytics company. GlobalData’s analysis of oil product flows suggests that when kerosene is excluded, oil product demand in Q3 2021 had fully recovered — compared to

Guyana relaxes proposed local content terms in oil bill draft

December 16, 2021

Reuters Guyana’s government on Thursday delivered to the National Assembly the draft of a local content bill that will regulate its nascent oil industry, proposing requirements beginning at 5% by the end of 2022 for activities to be carried out by contractors and licensees. The proposed policy, seen by Reuters, relaxed some of the minimum requirements that a previous bill

Should I buy Chevron shares before the 2022 year?

December 16, 2021

Chevron Corporation ( NYSE: CVX ) shares have advanced more than 35% since the begi…

Harold Hamm pledges $50 million to found energy research institute

December 16, 2021

World Oil HOUSTON (Bloomberg) –Billionaire oil wildcatter Harold Hamm is donating $50 million for a new research center at Oklahoma State University focused on “securing America’s energy future,” a move that comes as the industry debates how to transition to cleaner fuels. The Harold Hamm Foundation and Continental Resources Inc., the shale driller controlled by the Oklahoma native, are giving

Toronto index rises as mining, energy stocks gain

December 16, 2021

Nasdaq Dec 16 – Canada’s main stock index rose on Thursday, extending gains to a second session, aided by strength in mining, energy stocks and an upbeat economic outlook from the U.S. Federal Reserve. At 9:44 a.m. ET (14:44 GMT), the Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE was up 158.02 points, or 0.76%, at 20,927.18. The materials sector .GSPTTMT, which includes precious

Oil prices edge higher as equities rebound

December 16, 2021

World Oil (Bloomberg) –Oil eked out a gain, climbing in tandem with equities, as traders weighed the Federal Reserve’s shift to tighter monetary policy to battle inflation. Futures in New York closed up 0.2%, reversing earlier losses of as much as 1.9% on Wednesday. The central bank said it will double the pace at which it’s scaling back purchases of

Weekly Gas Storage: Inventories decrease by 40 Bcf- oil and gas 360

Weekly Gas Storage: Inventories decrease by 88 Bcf

December 16, 2021

Natural Gas Inventories as of December 10, 2021 The EIA has released its natural gas inventory report, showing a net decrease of 88 Bcf as of December 10, 2021. Working gas in storage was 3,417 Bcf as of Friday, December 10, 2021, according to EIA estimates. This represents a net decrease of 88 Bcf from the previous week. Stocks were

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