Tuesday, December 24, 2024
Three Crown spuds high potential Falcon Prospect horizontal Niobrara oil well - oil and gas 360

Three Crown spuds high potential Falcon Prospect horizontal Niobrara oil well

Oil and Gas 360 Three Crown Petroleum spud the high-potential Patterson 3H, a 1.5 mile horizontal well targeting the Niobrara formation on November 24, 2022. The well located on Three Crown’s Falcon Prospect in the prolific Powder River Basin in Converse County, Wyoming.       Three Crown has already reached a drilling depth of 5,265 feet. The Patterson 3H

Energy CEOs hit mute button on ESG, hinting at fading interest-oil and gas 360

Energy CEOs hit mute button on ESG, hinting at fading interest

World Oil (Bloomberg) — The top bosses of US oil and gas companies are speaking less and less about climate and carbon emissions, a signal that the industry’s public focus on ESG over the past couple of years may be fading.     That, at least, is according to a Bloomberg analysis of quarterly conference calls held by 172 American oil and gas companies. The

Biden's Inflation Reduction Act makes green hydrogen profitable at scale, Goldman Sachs says- oil and gas 360

Biden’s Inflation Reduction Act makes green hydrogen profitable at scale, Goldman Sachs says

CNBC The United States’ Inflation Reduction Act represents a “turning point” when it comes to the economics of technologies such as renewables and hydrogen, according to Goldman Sachs.   During an interview with CNBC’s Steve Sedgwick on Tuesday, Michele DellaVigna — who is Goldman’s commodity equity business unit leader for the EMEA region — touched upon a number of issues related

Saudi Arabia makes more unconventional gas discoveries- oil and gas 360

Saudi Arabia makes more unconventional gas discoveries

Oil Price Saudi Arabia’s oil giant Aramco has discovered two unconventional natural gas fields in the eastern part of the country, Energy Minister Prince Abdulaziz bin Salman said on Wednesday.   The Awtad unconventional gas field has been discovered southwest of the giant Ghawar field, and the AlDahna unconventional gas field has been discovered 230 kilometers (143 miles) southwest of Dhahran, the

Carlyle exploring multibillion-dollar offer for OMV oil and gas assets- oil and gas 360

Carlyle exploring multibillion-dollar offer for OMV oil and gas assets

World Oil (Bloomberg) — Carlyle Group Inc. is exploring a multibillion-dollar bid for a large part of Austrian energy company OMV AG’s oil and gas portfolio, in what would be a bold move by a buyout firm to further expand into fossil fuels, people familiar with the matter said.   The private equity firm is eyeing OMV’s upstream operations in

Oil up on lower U.S. crude stocks and dollar, OPEC+ and China concerns limit gains- oil and gas 360

Oil up on lower U.S. crude stocks and dollar, OPEC+ and China concerns limit gains

Nasdaq Oil prices posted gains of more than 1% in Asian trade on Wednesday on falling U.S. crude inventories and a lower greenback, but concerns OPEC+ will leave output unchanged at its upcoming meeting and weak China data limited gains.   Brent crude futures LCOc1 firmed 95 cents or 1.14% to $83.98 per barrel by 0411 GMT, while U.S. West Texas Intermediate

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 12.6 million barrels

Weekly Crude Oil Storage as of November 25, 2022     U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 12.6 million barrels from the previous week.  At 419.1 million barrels, U.S. crude oil inventories are about 8% below the five year average for this time of year, according to the EIA crude oil and