January 13, 2023 – Oil & Gas 360

TotalEnergies becomes one of Germany’s main LNG suppliers with floating LNG regasification unit

January 13, 2023

World Oil (WO) — TotalEnergies announces the start-up of the Deutsche Ostsee LNG import terminal for liquefied natural gas (LNG). Operated by Deutsche ReGas in Lubmin on the German Baltic Sea coast, the site’s official inauguration will take place on Jan. 13, attended by German Federal Chancellor Olaf Scholz. This project, to which TotalEnergies is contributing a floating storage and

The future of U.S. offshore oil drilling hangs in the balance

January 13, 2023

Oil Price The Biden Administration is finalizing the next five-year offshore leasing program, which has been delayed by several months already, creating yet another uncertainty for the U.S. oil industry which has had to grapple with numerous mixed messages from Washington since President Biden took office. The previous five-year program expired in June 2022. The Biden Administration hasn’t yet published

Heavily indebted Pemex looks for ways to make $10 billion payments

January 13, 2023

Oil Price Mexico’s indebted state oil company, Pemex, is searching for ways to make $10 billion in bond payments this year, an amount that neither the company nor Mexico’s government has planned for, Bloomberg News reported Monday. Last month, Pemex Chief Executive Officer Octavio Romero said the company was in talks with the government about getting renewed support for paying

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 3 this week, at 775

January 13, 2023

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had an increase of 3 over last week, resulting in a total count of 775 rigs. Canada had an increase of 38 over last week, resulting in a total Canadian count of 227 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Eagle Ford,

The Top 3 Oil and Gas Stocks to Buy in 2023

January 13, 2023

A tight supply and China’s recovering demand are expected to keep oil prices high in the f…

U.S. natural gas prices plummet despite inventory drop

January 13, 2023

Oil Price Natural gas prices in the United States have plunged and remained low despite a sharp drop in inventories at the end of 2022. Reuters’ John Kemp reported today that working gas stocks in underground storage in the U.S. had ended last year 9% below the five-year average for that time of the year, falling by three percentage points in

Oil heads for solid weekly gain on China demand hopes

January 13, 2023

Yahoo News LONDON – Oil prices rose on Friday and were on track to gain over 7% on the week on solid signs of demand growth in top oil importer China and expectations of less aggressive interest rate rises in the United States. Brent crude futures rose by 53 cents, or 0.6%, to $84.56 a barrel by 1027 GMT. West

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