Thursday, December 19, 2024
$6 Billion in Iranian oil funds unfrozen as Tehran releases U.S. prisoners- oil and gas 360

$6 Billion in Iranian oil funds unfrozen as Tehran releases U.S. prisoners

Oil Price Five Americans imprisoned in Iran were officially flown out of Tehran on Monday as the U.S. unfroze some $6 billion in Iranian oil funds held for five years in South Korea. The prisoner swap deal also included the release of five Iranian prisoners being held by Americans, two of whom plan to stay in the U.S. As of late morning

Berry Corporation completes acquisition of Macpherson Energy Corporation, updates annual guidance- oil and gas 360

Berry Corporation completes acquisition of Macpherson Energy Corporation, updates annual guidance

Oil and Gas 360 DALLAS, Sept. 18, 2023 (GLOBE NEWSWIRE) — Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) announced today that it has successfully completed the acquisition of Macpherson Energy Corporation, a privately held Kern County, California operator, previously announced in June. The Company has also updated its guidance for the full-year 2023 in connection with the acquisition. “Macpherson’s

Will oil hit $100? It already did in some markets- oil and gas 360

Will oil hit $100? It already did in some markets

Nasdaq LONDON – With oil investors and traders focused on an oil-price rally that has come close to $100 a barrel, some grades of crude oil are already trading above that milestone, highlighting an expectation of tight supply. The outright price of Nigerian crude Qua Iboe surpassed $100 a barrel on Monday, according to LSEG data QUA-E. Malaysian crude Tapis reached

Thousands urge Biden to stop new oil and gas projects ahead of climate summit- oil and gas 360

Thousands urge Biden to stop new oil and gas projects ahead of climate summit

Oil Price Tens of thousands of people rallied in New York on Sunday, urging U.S. President Joe Biden to end approvals for new oil and gas projects as world leaders are heading to New York to take part in a climate summit on Wednesday. Leaders are gathering in New York for this week’s UN General Assembly and a separate Climate Ambition Summit at the

Canada’s Trans Mountain oil pipeline faces hearing on route change dispute- oil and gas 360

Canada’s Trans Mountain oil pipeline faces hearing on route change dispute

BOE Report Canadian regulators on Monday kicked off a two-day hearing to weigh up a controversial route change request from the Trans Mountain expansion (TMX) project that has sparked Indigenous opposition and may lead to further delays for the key oil pipeline. After years of environmental opposition, regulatory hold-ups and ballooning costs, Canadian government-owned TMX is nearing completion and due

Halliburton introduces wellbore-positioning service to optimize drilling operations- oil and gas 360

Halliburton introduces wellbore-positioning service to optimize drilling operations

World Oil (WO) – Halliburton Company introduced GuideStar, a service that uses high-resolution sampling to provide continuous, definitive survey measurements for more precise wellbore positioning. The GuideStar service enhances well delivery by increasing the understanding of the centerline wellbore placement and reducing survey time. It enables proactive, real-time steering decisions to help avoid a reduction in the rate of penetration