Thursday, October 17, 2024
Saudi Arabia’s crude oil exports dropped to a five-month low in April- oil and gas 360

Saudi Arabia’s crude oil exports dropped to a five-month low in April

Oil Price Saudi Arabia, the world’s top crude oil exporter, saw its crude exports drop to a five-month low in April, a month before the first of the voluntary Saudi cuts began in May, data from the Joint Organizations Data Initiative (JODI) showed on Monday. In April, Saudi Arabia’s crude oil exports slumped by 207,000 barrels per day (bpd) from March, to

Tax incentives to supercharge U.S. clean energy transition- oil and gas 360

Tax incentives to supercharge U.S. clean energy transition

Oil Price The U.S. Administration this week issued a much-anticipated guidance on tax credits in the Inflation Reduction Act (IRA), giving access to tax credits to local governments and non-profits to join the clean energy transition. The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have released guidance on key provisions in the IRA to expand the reach of

Razor Energy Corp. announces closing of recapitalization transaction including debt settlement and rights offering- oil and gas 360

Razor Energy Corp. announces closing of recapitalization transaction including debt settlement and rights offering

BOE Report CALGARY, Alberta, June 19, 2023 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor”) (TSXV: RZE) in conjunction with FutEra Power Corp. (“FutEra”), is pleased to announce that it has completed the transactions contemplated by its previously announced debt settlement agreement with Alberta Investment Management Corporation, (“AIMCo”), on behalf of certain of its clients (the “Debt Settlement Agreement”), pursuant to which all

Enbridge ordered to close oil pipeline on Wisconsin tribal land- oil and gas 360

Enbridge ordered to close oil pipeline on Wisconsin tribal land

Oil Price A U.S. District judge has ordered Canadian pipeline giant Enbridge to close within three years parts of the Line 5 oil pipeline crossing tribal land in Wisconsin and to pay around $5 million for trespassing. The Bad River Band of Lake Superior Chippewa, a Native American tribe, last month sought an immediate shutdown in court, due to erosion of the Bad River

Halliburton, Nabors to collaborate on automation, well construction, drilling technologies- oil and gas 360

Halliburton, Nabors to collaborate on automation, well construction, drilling technologies

World Oil (WO) – Halliburton Company and Nabors Industries announced an agreement on leading well construction automation solutions. Under the agreement, Halliburton and Nabors will collaborate on their technologies including the Halliburton Well Construction 4.0 digital surface and subsurface drilling technologies, the LOGIX Autonomous Drilling Platform, and the Nabors SmartROS universal rig controls and automation platform and RigCLOUD high-performance digital

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