Wednesday, November 20, 2024
The oil demand outlook COP28 leaders would hate- oil and gas 360

The oil demand outlook COP28 leaders would hate

Oil Price This week, a report from a climate organization warned that emissions from the combustion of hydrocarbons are set for a record this year. This is despite the massive buildout of wind and solar capacity, hundreds of billions of investments in alternatives of hydrocarbons, and pledges for a lot more.   There appears to be a gap between stated goals and

Repsol, Eni discussing new Venezuelan oil terms amidst Guyana dispute- oil and gas 360

Repsol, Eni discussing new Venezuelan oil terms amidst Guyana dispute

World Oil (Bloomberg) – Venezuela is in advanced talks on new deals with European energy majors Repsol SA and Eni SpA as the Andean nation seeks to reassert itself as a global oil producer after the U.S. eased sanctions. The Spanish and Italian companies are hammering out contract terms between their oil ventures and state-owned Petróleos de Venezuela SA, according

ANALYSIS-Nuclear sector must overcome decades of stagnation to meet COP28 tripling goal- oil and gas 360

ANALYSIS-Nuclear sector must overcome decades of stagnation to meet COP28 tripling goal

Nasdaq DUBAI – The global nuclear industry got a morale boost at the COP28 climate summit in Dubai after more than 20 nations vowed to triple capacity by 2050. But reaching that goal will require the industry to overcome regulatory hurdles, financing obstacles, fuel bottlenecks, and public safety concerns that have contributed to a long history of project delays and decades of

SEC focused on asset retirement obligations- oil and gas 360

SEC focused on asset retirement obligations

Oil Price The Securities and Exchange Commission (SEC) considers carefully what it says in public, so when its senior petroleum engineer makes a rare appearance in Houston to talk with oil reserves engineers – even not as an official spokesperson – his comments merit attention. The message boils down to this: Abandonment costs have now become “a focus area for

Russia and Saudi Arabia urge all OPEC+ powers to join oil cuts- oil and gas 360

Russia and Saudi Arabia urge all OPEC+ powers to join oil cuts

US News MOSCOW – Saudi Arabia and Russia, the world’s two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy only days after a fractious meeting of the producers’ club. “They stressed the importance of continuing this cooperation, and the need for all participating countries

Weekly Gas Storage: Inventories increase by 68 Bcf- oil and gas 360

Weekly Gas Storage: Inventories decrease by 117 Bcf

Natural Gas Inventories as of December 1, 2023 The EIA has released its natural gas inventory report, showing a net decrease of 117 Bcf as of December 1, 2023. Working gas in storage was 3,719 Bcf as of Friday, December 1, 2023, according to EIA estimates. This represents a net decrease of 117 Bcf from the previous week. Stocks were