Wednesday, November 27, 2024
Talos Energy and its partners announce submission of unit development plan for Zama Project in Mexico- oil and gas 360

Talos Energy and its partners announce submission of unit development plan for Zama Project in Mexico

Oil and Gas 360 HOUSTON, March 23, 2023 /PRNewswire/ — Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) and the other Zama Unit Holders Wintershall Dea, Harbour Energy plc (“Harbour”) and Petróleos Mexicanos (“Pemex”), today announced that on March 23, 2023, Pemex, as operator, submitted the Zama Unit Development Plan (“UDP”) to Mexico’s National Commission of Hydrocarbons (“CNH”) for formal approval. An

Venezuela halts nearly all oil exports amid payment probe- oil and gas 360

Venezuela halts nearly all oil exports amid payment probe

Oil Price Crude oil exports from Venezuela have all but dried up as the government investigates oil contracts with a mountain of unpaid oil purchase bills to the tune of $21 billion.   According to Reuters, the investigation, which has so far seen at least 20 arrests and the resignation of Venezuela’s oil minister, is now at a stage where invoices

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 4 this week, at 758

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had and increase of 4 over last week, resulting in a total count of 758 rigs. Canada had a decrease of 42 over last week, resulting in a total Canadian count of 165 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Cana

Petrobras CEO undeterred by energy transition, reveals goals to increase Brazil’s oil production- oil and gas 360

Petrobras CEO undeterred by energy transition, reveals goals to increase Brazil’s oil production

World Oil (Bloomberg) – Jean Paul Prates, the head of Brazil’s state-controlled oil company, isn’t deterred by the world’s energy transition. He says Latin America’s largest producer should keep increasing fossil fuel output for decades to come.   “We will get market share,” Prates, Chief Executive Officer of Petrobras, said in an interview in Rio de Janeiro. “We may be

Denmark invites Nord Stream operator to help salvage unidentified object- oil and gas 360

Denmark invites Nord Stream operator to help salvage unidentified object

Nasdaq COPENHAGEN – Denmark on Thursday invited the Russian-controlled operator of the Nord Stream 2 pipeline to help salvage an unidentified object found close to the only remaining intact gas pipeline under the Baltic Sea. Three explosions last September on the Nord Stream pipelines built to deliver Russian gas to Germany have become another flashpoint in a standoff between the West

Oil falls as US holds off refilling strategic reserve- oil and gas 360

Oil falls as US holds off refilling strategic reserve

BOE Report Oil prices extended losses on Friday on worries about a potential oversupply after U.S. Energy Secretary Jennifer Granholm said refilling the country’s Strategic Petroleum Reserve (SPR) may take several years. U.S. West Texas Intermediate crude futures slipped $1.65, or 2.38%, to $67.71 a barrel. Brent crude fell $2.31, or 3.06%, to $73.29 a barrel. Bothenchmarks, which fell about