Tuesday, March 18, 2025
U.S. oil production set to increase further in 2022, energy expert Dan Yergin says- oil and gas 360

U.S. oil production set to increase further in 2022, energy expert Dan Yergin says

CNBC U.S. oil production is back and set to increase in 2022 after more than a year of OPEC and its allies “running the show,” according to Daniel Yergin, vice chairman of IHS Markit. Output could rise by as much as 900,000 barrels per day, he told CNBC’s “Squawk Box Asia” on Wednesday. U.S. oil firms slashed production in 2020 as the

U.S. board impounds ballots in union-removal vote at Exxon refinery- oil and gas 360

U.S. board impounds ballots in union-removal vote at Exxon refinery

Reuters HOUSTON -The U.S. National Labor Relations Board on Wednesday impounded ballots that will decide whether the United Steelworkers (USW) continues to represent workers at an Exxon Mobil oil refinery in southeast Texas. The NLRB said it sequestered the ballots while it reviews unfair labor practice complaints filed by the union representing workers at Exxon’s Beaumont, Texas, complex. The USW

Nord Stream 2 startup waiting on German regulatory approval- oil and gas 360

Nord Stream 2 startup waiting on German regulatory approval

World Oil MOSCOW (Bloomberg) –Gazprom PJSC has finished preparing the controversial Nord Stream 2 pipeline for natural gas exports to Europe, yet actual deliveries depend on how quickly regulators grant the project approval amid souring relations between Russia and Western nations. “Nord Stream 2 is ready for operations,” Russian President Vladimir Putin said Wednesday at a meeting with energy officials

Shale drillers face record cost pressures as banks shun the sector- oil and gas 360

Shale drillers face record cost pressures as banks shun the sector

World Oil HOUSTON (Bloomberg) –Oil drillers in the biggest U.S. fields are shouldering record costs at the same time that some banks are increasingly reluctant to loan money to the sector, according to the Federal Reserve Bank of Dallas. Equipment, leasing and other input costs for oil explorers and the contractors they hire surged to an all-time high during the

U.S. says Iran “dragging its feet” on return to nuclear deal- oil and gas 360

U.S. says Iran “dragging its feet” on return to nuclear deal

World Oil (Bloomberg) –Talks on reviving the Iran nuclear deal that have resumed in Vienna show some progress but it’s “far too slow,” a U.S. official said Tuesday. “Iran has at best been dragging its feet in the talks while accelerating its nuclear escalation,” State Department spokesman Ned Price said in a press briefing. “We have been very clear that

TDI-Brooks completes geotechnical program in the Gulf of Mexico- oil and gas 360

TDI-Brooks completes geotechnical program in the Gulf of Mexico

World Oil TDI-Brooks recently completed a Geotechnical Site Investigation for Beacon Exploration & Production LLC in the deepwater Gulf of Mexico. The project consisted of ‘heavy’ geotechnical coring/cone penetration testing (“CPT”) with TDI-Brooks’ research vessel, the R/V GYRE. T he project included the acquisition of 20-m Jumbo Piston coring, 40 meter CPT-Stinger samples and 40 meter Shelby-tube Stinger samples. Other

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

Weekly Gas Storage: Inventories decrease by 136 Bcf

Natural Gas Inventories as of December 24, 2021 The EIA has released its natural gas inventory report, showing a net decrease of 136 Bcf as of December 24, 2021. Working gas in storage was 3,226 Bcf as of Friday, December 24, 2021, according to EIA estimates. This represents a net decrease of 136 Bcf from the previous week. Stocks were