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Fundare Resources closes acquisition of Green River Basin asset

Oil and Gas 360 Publisher’s Note: Fundare Resources will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend and schedule one-on-one meetings.    DENVER, July 12, 2022–(BUSINESS WIRE)–Fundare Resources Company, LLC (“Fundare” or the “Company”) announced today that it has completed an acquisition of oil and gas assets in the Green River Basin of

U.S. believes OPEC has capacity to increase oil production- oil and gas360

U.S. believes OPEC has capacity to increase oil production

World Oil (Bloomberg) — The White House believes the Organization of Petroleum Exporting Countries has room to raise oil production, should an upcoming visit by President Joe Biden to the Middle East yield any agreements. “We do believe there is a capacity for further steps that could be taken,” National Security Advisor Jake Sullivan said in a press conference on

Strive Asset Management launches national education campaign on U.S. energy independence- oil and gas 360

Strive Asset Management launches national education campaign on U.S. energy independence

Oil and Gas 360 Publisher’s Note: Strive Asset Management will be presenting at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend. The five-week campaign kicked off on Independence Day and will culminate with co-founder Vivek Ramaswamy speaking at one of the country’s leading energy investment conferences, where he will unveil shareholder resolutions to unlock the potential

Biden’s hope for Saudi oil faces slim capacity reality check- oil and gas 360

Biden’s hope for Saudi oil faces slim capacity reality check

World Oil (Bloomberg) — Even if Joe Biden secures a pledge for more oil when he visits Saudi Arabia this week, it may do little to drive down the high fuel prices roiling the global economy.   The U.S. president’s visit to a country he once vowed to isolate represents a significant thawing of relations, but the Saudis and their OPEC partners

Oil slides as renewed China COVID curbs temper fuel demand outlook- oil and gas 360

Oil slides as renewed China COVID curbs temper fuel demand outlook

BOE Report Oil prices fell on Tuesday as fresh COVID-19 curbs in China, the world’s biggest crude importer, and fears of a global economic slowdown weighed on the fuel demand outlook.   U.S. West Texas Intermediate crude for August delivery was at $99.48 a barrel, down $4.05, or 3.92%. Brent crude futures for September fell $3.47, or 3.27%, to $102.72

U.S. natgas futures up 3% on output drop, forecasts for hotter weather- oil and gas 360

U.S. natgas futures up 3% on output drop, forecasts for hotter weather

Reuters U.S. natural gas futures gained about 3% to nearly a three-week high on Tuesday on a drop in daily output and forecasts for hotter weather and more demand over the next two weeks than previously expected. That heat has already boosted electric demand to record levels in several parts of the country, including Texas, and caused power generators to

Norwegian oil giant Equinor to buy U.S.-based battery storage firm- oil and gas 360

Norwegian oil giant Equinor to buy U.S.-based battery storage firm

CNBC Norway’s Equinor is to acquire U.S.-based battery storage developer East Point Energy after signing an agreement to take a 100% stake in the company.   Equinor, a major producer of oil and gas, said Tuesday that Charlottesville-headquartered East Point Energy had a 4.1-gigawatt pipeline of “early to mid-stage battery storage projects focused on the US East Coast.” According to Equinor, the

Neptune Energy awards technical services contract to TechnipFMC- oil and gas 360

Neptune Energy awards technical services contract to TechnipFMC

World Oil Neptune Energy announced the award of a new contract to TechnipFMC for the performance of technical services in Norway.   The Technical Service Agreement (TSA) builds on an existing contract which has been optimized to fit Neptune’s future requirements. TechnipFMC will continue to provide a wide range of engineering, studies and technical services to Neptune Energy. This includes