Tuesday, November 26, 2024
Denbury expands CO2 sequestration portfolio with additional site in Louisiana’s industrial corridor- oil and gas 360

Denbury expands CO2 sequestration portfolio with additional site in Louisiana’s industrial corridor

Oil and Gas 360 Publisher’s Note: Denbury, Inc. is a presenter at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend and hear their story.   High-quality storage reservoir less than 5 miles from Company’s CO2 infrastructure     PLANO, Texas–(BUSINESS WIRE)– Denbury Inc. (NYSE: DEN) (“Denbury”) today announced that it has signed a definitive agreement with a

Global oil map being redrawn as industry embraces renewables- oil and gas 360

Global oil map being redrawn as industry embraces renewables

World Oil (Bloomberg) — The world’s oil map is being redrawn as the industry becomes increasingly intertwined with renewables, according to consultancy Wood Mackenzie Ltd.   Oil majors that want to reduce their carbon footprint will have to shift their activities to energy basins where drilling rigs can be powered by renewables and which have ample space for carbon sequestration,

CFTC approves AEGIS swap execution facility- oil and gas 360

CFTC approves AEGIS swap execution facility

Oil and Gas 360 Publisher’s Note- AEGIS Hedging Solutions is a sponsor and presenter at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend and listen to their story.   First approval since CFTC clarified SEF registration requirements in September 2021 July 21, 2022 10:00 AM Eastern Daylight Time- THE WOODLANDS, Texas–(BUSINESS WIRE)–AEGIS Hedging Solutions (“AEGIS”) today

Oil prices slump as stockpiles and rate hikes demand fears- oil and gas 360

Oil prices slump as stockpiles and rate hikes demand fears

Investing NEW YORK – Oil prices were down about $3 a barrel on Thursday on higher U.S. gasoline stockpiles and after a European Central Bank (ECB) rate hike stoked demand worries, while returning oil supply from Libya and the resumption of Russia’s gas flows to Europe eased supply concerns.   Brent crude futures lost $2.44, or 2.3%, to $104.48 a barrel

Russia resumes gas flows to Europe after fears of a total shutdown- oil and gas 360-

Russia resumes gas flows to Europe after fears of a total shutdown

CNBC The operator of Nord Stream 1, a key gas pipeline which runs from Russia to Germany, said Thursday it was in the process of resuming flows to Europe.     There had been concerns across the region that there could be a complete shutdown of gas supplies via the pipeline after it was closed earlier this month for maintenance. Flows

Weekly Gas Storage: Inventories increase by 68 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 32 Bcf

Natural Gas Inventories as of July 15, 2022 The EIA has released its natural gas inventory report, showing a net increase of 32 Bcf as of July 15, 2022. Working gas in storage was 2,401 Bcf as of Friday, July 15, 2022, according to EIA estimates. This represents a net increase of 32 Bcf from the previous week. Stocks were

Iran warns proposed U.S. legislation would diminish chance for nuclear deal- oil and gas 360

Iran warns proposed U.S. legislation would diminish chance for nuclear deal

World Oil (Bloomberg) — Iran warned that proposed U.S. legislation targeting the Islamic Republic could further imperil stalled Biden administration efforts to resurrect the moribund nuclear deal.   The bipartisan U.S. Senate bill, called the Iran Nuclear Weapons Capability Act of 2022, seeks to compel the government to assess the dangers posed by Iran and come up with a strategy to