June 24, 2022 – Oil & Gas 360

U.S. energy industry invites Biden to visit American energy sites ahead of trip to Saudi Arabia

June 24, 2022

World Oil WASHINGTON (API) – Ahead of the President’s travel to the Middle East next month, the American Petroleum Institute (API) joined with 28 energy associations to urge President Biden and his Cabinet to visit America’s major energy facilities – from production to distribution to refining to innovation hubs – as geopolitical volatility and energy costs continue to rise. In

EXCLUSIVE-Phillips 66 made renewable fuels without proper permits – regulators

June 24, 2022

Nasdaq California regulators allege that U.S. refiner Phillips 66 PSX.N improperly began processing renewable diesel in a unit at its Rodeo, California refinery, the company confirmed to Reuters. Phillips 66 started to process small volumes of soybean oil at the Rodeo refinery in the first quarter of 2021, the company said last year, part of a plan to become the largest

Energy Workforce finds gains in sector’s minority, women employment gains, encourages continuation

June 24, 2022

World Oil The Energy Workforce & Technology Council released its latest Workforce Diversity toolkit based on updated data. Research shows companies with a higher percentage of women in executive positions have a 34% higher total return to shareholders than those that do not and companies with ethnic diversity on their executive team are 25% more likely to have above average

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

U.S. rig count had an increase of 13 this week, at 753

June 24, 2022

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 13 over last week, resulting in a total count of 753 rigs. Canada had a decrease of 2 over last week, resulting in a total Canadian count of 154 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Cana Woodford,

Industry groups call refiners’ meeting with energy secretary ‘constructive’

June 24, 2022

World Oil Major U.S. oil refiners met with U.S. Energy Secretary Jennifer Granholm on Thursday to discuss rising energy costs and energy security. The American Petroleum Institute (API) and American Fuel & Petrochemical Manufacturers (AFPM) called the meeting “a constructive discussion.” Reuters reported that while no concrete solutions emerged, both sides promised to keep talking and working together in good faith. “While

Oil rises over $1, still set for weekly drop on recession fears

June 24, 2022

US News LONDON – Oil rose by more than $1 a barrel on Friday supported by tight supply, although crude was heading for a second weekly fall on concern that rising interest rates could push the world economy into recession. U.S. Federal Reserve Chair Jerome Powell said on Thursday the central bank’s focus on curbing inflation was “unconditional”, adding to

NOG announces cancellation of equity warrants and provides update on shareholder return initiatives

June 24, 2022

Oil and Gas 360 Publisher’s Note: Northern Oil and Gas, Inc. will be presenting at EnerCom Denver-The Energy Investment Conference in Denver on August 7-10, 2022. Register to attend. MINNEAPOLIS–(BUSINESS WIRE)– Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced that it has closed a negotiated agreement with the holder of its outstanding equity warrants issued

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