Obsidian Energy Announces Syndicated Credit Facility Increase to $200 Million
March 22, 2023
Calgary, Alberta–(Newsfile Corp. – March 22, 2023) – OBSIDIAN ENERGY LTD. (TSX: OBE) (NYSE Ameri…
Shoal Point Announces Proposed Consolidation and Private Placement
March 22, 2023
Vancouver, British Columbia–(Newsfile Corp. – March 22, 2023) – Mark Jarvis, CEO of Shoal Point …
Global emissions trading raised a record $63 billion in 2022
March 22, 2023
Oil Price Emissions Trading Systems (ETS) raised a record $63 billion for governments last year, as the energy crisis pushed policymakers to double down on decarbonization efforts, intergovernmental forum International Carbon Action Partnership (ICAP) said in a new report on Wednesday. ETSs generally set the total amount of greenhouse gases that can be emitted by operators or sectors. The cap is gradually
Quantum Energy: U.S. shale drilling to drop 20% at current energy prices
March 22, 2023
World Oil (Bloomberg) – U.S. shale may lose as much as 20% of its activity over the next year if energy prices hold at current levels, according to one of the biggest private equity players in the industry. Crude would need to rise by about 15% to $80 a bbl, and gas would have to climb by more
Venezuela’s PDVSA has $21 billion in unpaid oil sales to collect
March 22, 2023
Oil Price Venezuela’s state-owned oil firm PDVSA is owed a massive $21.2 billion from its oil sales, or around 84% of its total invoiced cargo shipments of the past three years, documents reviewed by Reuters showed this week. After the U.S. sanctions on its exports, Venezuela started turning in 2020 to little-known oil trade intermediaries after the withdrawal of legacy oil
OPEC+ likely to stick to its guns despite price slump, delegates say
March 22, 2023
Nasdaq LONDON/DUBAI – OPEC+ is likely to stick to its deal on output cuts of 2 million barrels per day (bpd) until the end of the year, even after a banking crisis sent crude prices plunging, three delegates from the producer group told Reuters. Oil prices hit 15-month lows on Monday in response to the banking crisis that followed the
Oil steady after weekly U.S. crude stocks exceed expectations
March 22, 2023
BOE Report Oil was steady in trade on Wednesday morning, paring two straight days of gains after an industry report showed U.S. crude inventories rose unexpectedly last week in a sign fuel demand may be weakening. U.S. West Texas Intermediate (WTI) crude futures slightly rose 26 cents, or 0.37%, at $69.72. Brent futures, which have risen more than 3%
Li-FT Closes $35 Million Private Placement of Flow-Through Shares
March 22, 2023
Vancouver, British Columbia–(Newsfile Corp. – March 22, 2023) – Li-FT Power Ltd. ( CSE: LIFT ) (…
U.S. crude oil inventories increase by 1.1 million barrels
March 22, 2023
Weekly Crude Oil Storage as of March 17, 2023 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.1 million barrels from the previous week. At 481.2 million barrels, U.S. crude oil inventories are about 8% above the five year average for this time of year, according to the EIA crude oil and
BluEarth Acquires U.S. Development Portfolio, Totaling Over 1 GW
March 22, 2023
Calgary, Alberta–(Newsfile Corp. – March 22, 2023) – BluEarth Renewables US LLC (“BluEarth”) is …
Casa Minerals Inc. Provides Update on the 2023 Congress Gold Mine Exploration and Drilling Program
March 22, 2023
Vancouver, British Columbia–(Newsfile Corp. – March 22, 2023) – Casa Minerals Inc. (TSXV: CASA) …
Chubb Announces New Climate and Conservation-Focused Underwriting Standards for Oil and Gas Extraction
March 22, 2023
Chubb Announces New Climate and Conservation-Focused Underwriting Standards for Oil and Gas Extra…
