October 5, 2023

Suncor Energy boosts oil sands production with $1.5 billion TotalEnergies Canada acquisition

October 5, 2023

World Oil (WO) – Suncor Energy has agreed to purchase TotalEnergies EP Canada Ltd., which holds a 31.23% working interest in the Fort Hills oil sands mining project (Fort Hills) for $1.468 billion. The acquisition adds 61,000 bpd of net bitumen production capacity and 675 MMbbl of proved and probable reserves to Suncor’s existing oil sands portfolio. Specifically, upon closing

Abu Dhabi’s energy giant is preparing for global expansion

October 5, 2023

Oil Price Abu Dhabi National Oil Company (ADNOC), one of the largest NOCs around, has been directed to expand internationally. The NOC, already making headlines with its plans to potentially acquire Germany’s Covestro and a major stake in Israel’s NewMed Energy, is now openly going to put in place a direct internationalization strategy, as ordered by the Abu Dhabi Executive

Putin orders regulated prices for fuel oil, Russia’s export ban stays

October 5, 2023

Nasdaq MOSCOW – Russian President Vladimir Putin has ordered the government to provide state funds to ensure a smooth heating season, including the introduction of regulated prices for fuel oil supplied for household heating in some regions, the Kremlin said on Thursday. Russia has been tackling shortages and high fuel prices in recent month. Fuel oil is in high demand

Texas regulator to overhaul oil field waste management, water protection rules for first time in four decades

October 5, 2023

World Oil AUSTIN- For the first time in nearly 40 years, the Railroad Commission’s Statewide Rule 8 will undergo a substantial overhaul to better reflect modern waste management practices and recent advancements in oil and natural gas production methods. One of the highest priorities of the Railroad Commission of Texas (Commission) is the protection of groundwater resources. Water protection is

Climate change-related droughts dent progress on energy emissions -report

October 5, 2023

Nasdaq PARIS – Droughts limiting hydro-electric generation globally prevented a fall in the energy sector’s overall carbon emissions in the first half of 2023 despite the growth of wind and solar power, climate think tank Ember said in a report on Thursday. Total power sector emissions rose by 0.2% in the first half of the year despite wind and solar’s

Weekly Gas Storage: Inventories decrease by 40 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 86 Bcf

October 5, 2023

Natural Gas Inventories as of September 29, 2023 The EIA has released its natural gas inventory report, showing a net increase of 86 Bcf as of September 29, 2023. Working gas in storage was 3,445 Bcf as of Friday, September 29, 2023, according to EIA estimates. This represents a net increase of 86 Bcf from the previous week. Stocks were

Suncor Energy boosts oil sands production with $1.5 billion TotalEnergies Canada acquisition

Abu Dhabi’s energy giant is preparing for global expansion

Putin orders regulated prices for fuel oil, Russia’s export ban stays

Texas regulator to overhaul oil field waste management, water protection rules for first time in four decades

Climate change-related droughts dent progress on energy emissions -report

Weekly Gas Storage: Inventories increase by 86 Bcf

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