Thursday, February 6, 2025
Biden administration defers plan to tackle smog from oil drillers in Permian Basin- oil and gas 360

Biden administration defers plan to tackle smog from oil drillers in Permian Basin

World Oil (Bloomberg) — The Biden administration is deferring a plan to crack down on smog in the drilling hotbed of the Permian Basin, handing a win to oil producers along with their allies in Texas and New Mexico. The Environmental Protection Agency had been considering formally labeling parts of the region as violating federal air quality standards for ozone

Renewables financing tops fossil fuel lending for the first time ever- oil and gas 360

Renewables financing tops fossil fuel lending for the first time ever

Oil Price Banks arranged and underwrote more capital for the development of renewable energy projects than for oil, gas, and coal firms for the first time ever last year.   Last year’s slump in capital raised by the fossil fuel industry doesn’t necessarily mean that there is a marked shift away from oil and gas lending.   It may have just been

Vermilion Energy Inc. announces 2023 budget and guidance, 25% dividend increase and resumption of share buybacks- oil and gas 360

Vermilion Energy Inc. announces 2023 budget and guidance, 25% dividend increase and resumption of share buybacks

BOE Report CALGARY, AB – Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, “Us” or the “Company”) (TSX: VET) (NYSE: VET) is pleased to announce its 2023 budget and guidance, a 25% dividend increase, and the resumption of our share buyback program. Highlights 2023 capital budget of $570 million reflects consistent investment levels in North America and increased capital allocation to continental European gas drilling 2023 production guidance of

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

U.S. rig count had a decrease of 7 this week, at 772

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 7 over last week, resulting in a total count of 772 rigs. Canada had an increase of 105 over last week, resulting in a total Canadian count of 189 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Granite Wash,

Shell to take $2 billion fourth-quarter tax hit after new EU, UK levies- oil and gas 360

Shell to take $2 billion fourth-quarter tax hit after new EU, UK levies

CNBC Oil and gas major Shell said Friday it expects to take a $2 billion hit for the fourth quarter as a result of new taxes in the European Union and U.K.     “The Q4′22 earnings impact of recently announced additional taxes in the EU (the solidarity contribution) and the deferred tax impact from the increased UK Energy Profits Levy