Saturday, January 11, 2025
Permian explorers drill deep into fraclog, leaving shelves bare- oil and gas 360

Permian explorers drill deep into fraclog, leaving shelves bare

World Oil (Bloomberg) — Shale explorers in the Permian Basin chewed further into their supply of ready-made wells for a 20th straight month, leaving the smallest inventory of low-cost wells in the biggest U.S. oil field in more than half a decade. The number of wells that have been drilled and await a frac crew to complete them, also known

BP deal sends Nasdaq-listed EV charging stock Tritium surging- oil and gas 360

BP deal sends Nasdaq-listed EV charging stock Tritium surging

CNBC Tritium and BP have entered into a multi-year contract related to the supply of electric vehicle chargers, in the latest example of how energy majors are looking to cement their position in the burgeoning EV market. According to a statement issued by Tritium on Monday, the agreement will initially center around an order of “just under 1,000 chargers” for the U.K. and

Canada climate goals set high hurdle for Suncor oil sands mine extension- oil and gas 360

Canada climate goals set high hurdle for Suncor oil sands mine extension

Yahoo Finance CALGARY, Alberta – Canada is favouring oil projects with lower carbon emissions per barrel to help meet its climate targets, a strategy that may block Suncor Energy’s plan to expand bitumen mining to feed its key oil sands operations. On April 6, Canadian environment minister Steven Guilbeault warned Suncor in a letter that its proposed 225,000 barrel per

Natural gas drops 10%, pulls back from more than 13-year high- oil and gas 360

Natural gas drops 10%, pulls back from more than 13-year high

CNBC U.S. natural gas futures plunged more than 10% Tuesday, reversing Monday’s surge which saw the contract rally more than 10% at one point to break above $8 per million British thermal units and hit the highest level since September 2008. Henry Hub prices declined 10.2% Tuesday to trade at $7.02. The May contract is now down roughly 13% from Monday’s high. Natural

Balkans turns to coal as energy crisis trumps climate commitments- oil and gas 360

Balkans turns to coal as energy crisis trumps climate commitments

Investing OSLOMEJ – Balkan nations in southeast Europe are turning to coal as they try to tackle a global surge in energy prices, raising fears among environmentalists that countries are rowing back on commitments to phase out the most polluting fossil fuel. North Macedonia, once a frontrunner in attracting renewable energy investors, said earlier this month it planned to open

OPEC+ supply gap widens in March as sanctions hit Russian output- oil and gas 360

OPEC+ supply gap widens in March as sanctions hit Russian output

Nasdaq LONDON – OPEC+ produced 1.45 mln barrels per day (bpd) below its production targets in March, as Russian output began to decline following sanctions imposed by the West, a report from the producer alliance seen by Reuters showed. Russia produced about 300,000 bpd below its target in March at 10.018 million bpd, based on secondary sources, the report showed. The

Oil Dips on Demand Concerns After IMF Cuts Growth Outlook- oil and gas 360

Oil dips on demand concerns after IMF cuts growth outlook

US News LONDON -Oil prices fell in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) reduced its economic growth forecasts and warned of higher inflation. Brent crude was down $3.94, or 3.4%, to $109.22 a barrel at 1338 GMT, having risen more than $1 to $114.21 earlier in the session. U.S. West Texas Intermediate crude