November 15, 2023 – Oil & Gas 360

Namibia's oil and gas sector spurs global investment rush and opportunities for a Namibian service provider – Skeltek/Rheopectic EnerCom Exclusive Interview- oil and gas 360

Namibia’s oil and gas sector spurs global investment rush and opportunities for Namibian service provider – Skeltek/Rheopectic EnerCom Exclusive Interview

November 15, 2023

Publisher’s Note: Dan Genovese with EnerCom spoke with Anthony Diab and Chris Williams – Co-Founders and Directors with Skeltek/ Rheopectic to discuss Namibia’s oil boom that has attracted international oil giants, including TotalEnergies, GALP, Shell, QatarEnergy, Chevron and ExxonMobil in search of long-term oil supplies following discoveries made in 2022 and 2023. Exploration success, and significant foreign investment, has accelerated Namibia’s

U.S. renewable, grid battery projects battle transformer shortage

November 15, 2023

Nasdaq U.S. developers building renewable energy projects and power storage for grids are scrambling to procure critical components, leading to rising costs and project delays. Supply chain problems have tightened supply of high-voltage transformers necessary to connect wind and solar farms and batteries to the grid, projects that are key to the energy transition. The long lead-time for delivery of

JP Morgan urges oil and gas clients to cut methane emissions

November 15, 2023

Oil Price Reducing methane emissions and addressing methane leaks in operations are immediate actions from which both businesses and the climate will benefit, JP Morgan, one of the world’s top fossil fuel financiers, said in a new report on Wednesday. JP Morgan’s “The Methane Emissions Opportunity” white paper urges companies to boost efforts to cut methane emissions and says that the

Saudi Arabia likely to extend additional supply cuts to Q1 2024 – Energy Aspects

November 15, 2023

Reuters World’s top exporter Saudi Arabia is expected to extend its additional voluntary supply cuts to at least the first quarter, if not the first half of 2024, Amrita Sen, co-founder of consultancy Energy Aspects said on Wednesday. Current oil prices are not low enough to push the Organization of the Petroleum Exporting Countries and their allies, known as OPEC+,

API applauds Fifth Circuit decision on lease sale 261, restores offshore energy opportunities

November 15, 2023

World Oil (WO) — The American Petroleum Institute (API) released the following statement from Senior Vice President and General Counsel Ryan Meyers in response to the preliminary injunction upheld by the U.S. Court of Appeals for the Fifth Circuit. “Energy independence scored an important win tonight with the Fifth Circuit decision lifting unjustified restrictions on oil and natural gas vessels

Oil falls as US inventory report sends mixed signals on demand

November 15, 2023

Yahoo Finance Oil fell after a US inventory report sent mixed signals, with fuel stockpiles dwindling while crude stockpiles swelled. US oil stockpiles rose 17.5 million in the last two weeks, the Energy Information Administration report on Wednesday showed. Despite the bearish increase, West Texas Intermediate pared losses to trade near $77 after a drawdown in product inventories. “If you have

U.S. crude oil inventories decrease by 4.5 million barrels- oil and gas 360

U.S. crude oil inventories increase by 3.6 million barrels

November 15, 2023

Weekly Crude Oil Storage as of November 10, 2023 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.6 million barrels from the previous week. At 439.4 million barrels, U.S. crude oil inventories are about 2% below the five year average for this time of year, according to the EIA crude oil and

CVW CLEANTECH ANNOUNCES Q3 2023 RESULTS

November 15, 2023

CVW CLEANTECH ANNOUNCES Q3 2023 RESULTS Canada NewsWire CALGARY, AB , …

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