Sunday, January 19, 2025
U.S. oil exports may be rising but production isn’t- oil and gas 360

U.S. oil exports may be rising but production isn’t

Oil Price Exports of crude oil from the United States have surged since Russia invaded Ukraine last year, with Europe turning into the biggest buyer of U.S. crude. The story is pretty much the same as in gas. And so is the production side of this story.     When gas prices plummeted in December amid milder-than-expected weather despite a couple of

Global energy-related CO2 emissions edged up to record high in 2022 - IEA- oil and gas 360

Global energy-related CO2 emissions edged up to record high in 2022 – IEA

Nasdaq LONDON – Global energy-related emissions of carbon dioxide hit a record high last year, although more clean technology such as solar power and electric vehicles helped limit the impact of increased coal and oil use, the International Energy Agency (IEA) said on Thursday.   Deep cuts in emissions, mainly from burning fossil fuels, will be needed over the coming

Canadian Natural Resources' Q4 profit down from year ago; extreme cold affects output- oil and gas 360

Canadian Natural Resources’ Q4 profit down from year ago; extreme cold affects output

Yahoo Finance CALGARY — Canadian Natural Resources Ltd.’s profits took a hit in the fourth quarter of 2022 as extreme winter weather forced the oilsands giant to reduce production.   The Calgary-based company reported Thursday that it earned $1.52 billion or $1.36 per diluted share for the quarter ended Dec. 31, down from $2.53 billion or $2.14 per diluted share

Biden offers $1.2 billion to nuclear power plants at risk of closure- oil and gas 360

Biden offers $1.2 billion to nuclear power plants at risk of closure

Oil Price As part of a program to support nuclear power generation and the goal of zero-carbon electricity by 2035, the Biden Administration on Thursday offered funding of $1.2 billion to nuclear power reactors that are at risk of retiring soon or that ceased operations since November 15, 2021.   The U.S. Department of Energy (DOE) today released application guidance for the second award

RRC Commissioners vote to challenge validity of Biden administration’s air emissions actions- oil and gas 360

RRC Commissioners vote to challenge validity of Biden administration’s air emissions actions

World Oil AUSTIN – At their Feb. 28 open meeting, RRC Commissioners unanimously voted to refer two actions by the Environment Protection Agency (EPA) to the Texas Attorney General to challenge their validity. In 2018 the Texas Commission on Environmental Quality submitted the state’s robust Interstate Transport State Implementation Plan (SIP) for National Ambient Air Quality Standards for ozone –

Tamarack Valley Energy announces year-end 2022 reserves & financial results and provides operational update- oil and gas 360

Tamarack Valley Energy announces year-end 2022 reserves & financial results and provides operational update

BOE Report Publisher’s Note: Tamarack Valley Energy will be presenting at EnerCom Dallas – The Energy Investment & ESG Conference on April 18-19, 2023. Register to attend. CALGARY, AB, March 1, 2023 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) is pleased to announce its audited financial and operating results for the three months and year ended December 31, 2022 and the results of

Weekly Gas Storage: Inventories decrease by 40 Bcf- oil and gas 360

Weekly Gas Storage: Inventories decrease by 81 Bcf

Natural Gas Inventories as of February 24, 2023 The EIA has released its natural gas inventory report, showing a net decrease of 81 Bcf as of February 24, 2023. Working gas in storage was 2,114 Bcf as of Friday, February 24, 2023, according to EIA estimates. This represents a net decrease of 81 Bcf from the previous week. Stocks were