Monday, December 16, 2024
Baytex Energy sells Canadian oil assets for $113 million- oil and gas 360

Baytex Energy sells Canadian oil assets for $113 million

World Oil (WO) – Baytex Energy Corp. has entered into a definitive agreement to sell some of its Viking assets located at Forgan and Plato in southwest Saskatchewan, effective October 1, 2023, for $153.8 million. Production from the assets is approximately 4,000 boed (100% light and medium crude oil). Scotiabank acted as financial advisor to Baytex with respect to the

US kicks off a spate of oil and gas auctions just as COP28 gets underway- oil and gas 360

US kicks off a spate of oil and gas auctions just as COP28 gets underway

Nasdaq The Biden administration on Tuesday will auction off 35,000 acres (14,164 hectares) of land in Wyoming to oil and gas drillers, the first in a series of such sales that will coincide with a United Nations’ conference aimed at combating fossil fuel-driven climate change in Dubai. The Interior Department’s U.S. Bureau of Land Management (BLM) will offer 63 drilling

Oil executives flock to Venezuela despite sanctions relief uncertainty- oil and gas 360

Oil executives flock to Venezuela despite sanctions relief uncertainty

World Oil (Bloomberg) – Oil executives are flocking to Venezuela to take advantage of lighter U.S. sanctions, even though there’s a risk that access to the world’s largest oil reserves might snap shut as quickly as it opened. Companies including Shell Plc., Repsol SA, Hungary’s Mol Nyrt, Sweden’s Maha Energy AB, the National Gas Company of Trinidad and Tobago and

ESG loan bubble close to bursting- oil and gas 360

ESG loan bubble close to bursting

Oil Price Sustainability-linked loans, or SLLs, have only been around for a few years. In that short time, they have ballooned into a market worth $1.5 trillion. But now, as scrutiny comes for sustainability claims with no substance, that market faces a reckoning. And so do the banks that lent those money. The first sustainability-linked loan was the work of

OPEC+ looking at deeper oil cuts ahead of Thursday meeting- oil and gas 360

OPEC+ looking at deeper oil cuts ahead of Thursday meeting

Today LONDON :OPEC+ is looking at deepening oil production cuts despite its policy meeting being postponed to this Thursday amid a quota disagreement between some producers, an OPEC+ source said on Monday. Several analysts have said they expect OPEC+ to extend or even deepen supply cuts into next year in order to support prices, which on Monday were trading just

Oil prices rise over 2%; focus on OPEC+, storm-hit Kazakh output- oil and gas 360

Oil prices rise over 2%; focus on OPEC+, storm-hit Kazakh output

Yahoo Finance NEW YORK – Oil prices jumped over 2% on Tuesday on the possibility OPEC+ will extend or deepen supply cuts, a storm-related drop in Kazakh oil output and a weaker U.S. dollar. Brent crude futures were up $1.88, or 2.4%, at $81.86 a barrel by 11:03 a.m. EST (1603 GMT). U.S. West Texas Intermediate (WTI) crude gained $1.84, or