Under $5 Gems: 3 Top Oil & Gas Stocks to Consider
November 16, 2023
2023-11-16 23:32:10 ET Fortified by significant oil and gas demand, the energy sector pre…
3 Oil Stocks to Buy Heading Into December
November 16, 2023
2023-11-16 16:58:55 ET InvestorPlace – Stock Market News, Stock Advice & Trading Tips…
WhiteHawk Energy to acquire Marcellus gas assets in $54 million deal
November 16, 2023
World Oil (WO) — WhiteHawk Energy LLC has announced the acquisition of additional Marcellus Shale natural gas mineral and royalty assets for a total purchase price of $54 million. The acquisition increases WhiteHawk’s mineral and royalty ownership in its existing 475,000 gross acre position by 100%. WhiteHawk’s Marcellus Assets are primarily located in Washington and Greene counties, Pennsylvania, which represents some
OPEC looks to expand legal team for energy transition challenge
November 16, 2023
World Oil (Bloomberg) — OPEC is seeking to expand its legal team as the oil producer group prepares for challenges posed by the global shift away from fossil fuels. The Organization of Petroleum Exporting Countries wants to hire a new senior legal adviser as well as a legal specialist, according to postings on the Vienna-based group’s website. The oil industry has faced criticism from
Carbon capture doesn’t mean oil firms can continue business as usual
November 16, 2023
Oil Price Carbon capture, utilization, and storage (CCUS) could play a vital role in the decarbonization of some industries but carbon removals cannot be used by oil and gas firms while they continue to pump fossil fuels as usual, a new report by the Energy Transitions Commission showed on Thursday. “CCUS and removals are vital but do not mean business as usual,”
Biden administration ordered to sell Gulf of Mexico oil leases next month
November 16, 2023
World Oil (Bloomberg) — A federal appeals court ordered the Biden administration to sell drilling rights in the Gulf of Mexico within 37 days, a defeat for environmentalists who argued oil leasing and development in the region imperil a critically endangered whale. The ruling Tuesday by the Fifth Circuit Court of Appeals means the US Interior Department has until Dec.
France’s new ESG rule could result in $7.6 billion of oil and gas divestments
November 16, 2023
Oil Price France’s new regulation, which will not allow funds invested in fossil fuel companies with new development plans to use a national ESG label, could result in forced divestments of $7.6 billion (7 billion euros) of oil and gas assets currently held by funds, according to a Morningstar Inc analysis carried by Bloomberg. Last week, France’s Economy and Finance Minister
Weekly Gas Storage: Inventories increase by 60 Bcf
November 16, 2023
Natural Gas Inventories as of November 10, 2023 The EIA has released its natural gas inventory report, showing a net increase of 60 Bcf as of November 10, 2023. Working gas in storage was 3,833 Bcf as of Friday, November 10, 2023, according to EIA estimates. This represents a net increase of 60 Bcf from the previous week. Stocks were
