Friday, December 20, 2024
W&T Offshore announces management change- oil and gas 360

W&T Offshore announces management change

Oil and Gas 360 HOUSTON, April 06, 2023 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that Janet Yang, Executive Vice President and Chief Financial Officer, will be leaving the Company on May 11, 2023, following the release of the Company’s first quarter earnings and the filing of the Company’s 10-Q. Ms. Yang disclosed

Offshore drilling contractor Vantage Drilling to explore strategic sale options- oil and gas 360

Offshore drilling contractor Vantage Drilling to explore strategic sale options

World Oil (Bloomberg) – Vantage Drilling International is exploring strategic options including a potential sale, according to people familiar with the matter.   The offshore drilling contractor is working with a financial adviser, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and Vantage could opt to remain independent,

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 4 this week, at 751

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 4 over last week, resulting in a total count of 751 rigs. Canada had a decrease of 12 over last week, resulting in a total Canadian count of 127 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Permian

Oil steady but weak US economic data stokes recession fears- oil and gas 360

Oil steady but weak US economic data stokes recession fears

BOE Report Oil was steady on Thursday but weak U.S. economic data raised concerns over a potential global recession and demand reduction, but benchmark prices were headed for a weekly advance after OPEC+ announced further output cuts and U.S. oil stocks dropped. West Texas Intermediate U.S. crude rose 23 cents, also 0.27%, to $80.56 a barrel. Brent crude futures rose

Weekly Gas Storage: Inventories increase by 68 Bcf- oil and gas 360

Weekly Gas Storage: Inventories decrease by 23 Bcf

Natural Gas Inventories as of March 31, 2023 The EIA has released its natural gas inventory report, showing a net decrease of 23 Bcf as of March 31, 2023. Working gas in storage was 1,830 Bcf as of Friday, March 31, 2023, according to EIA estimates. This represents a net decrease of 23 Bcf from the previous week. Stocks were