Thursday, March 6, 2025
Fifth of global oil trade used non-dollar currencies in 20230- oil and gas 360

Fifth of global oil trade used non-dollar currencies in 2023

Oil Price A fifth of global oil trade this year was settled in currencies different from the U.S. dollar as countries such as Russia and China move away from the petrodollar. This is according to JP Morgan’s head of global commodities strategy, Natasha Kaneva, who spoke to the Wall Street Journal and said sanctions have been a major motivator for Russia and

U.S. shale growth could exceed forecasts in 2024- oil and gas 360

U.S. shale growth could exceed forecasts in 2024

Oil Price U.S. crude oil production has overwhelmingly exceeded earlier forecasts and has grown at a much faster pace this year, offsetting much of the OPEC+ efforts to push up prices by coordinated supply reductions. U.S. production growth is expected to continue into the new year, thanks to further gains in efficiency and higher spending and production plans by the

Crescent Point Energy to increase Canadian oil production with Hammerhead acquisition- oil and gas 360

Crescent Point Energy to increase Canadian oil production with Hammerhead acquisition

World Oil (WO) – Crescent Point Energy Corp. has successfully completed its acquisition of Hammerhead Energy Inc., an oil and liquids-rich Alberta Montney producer. The company is also provided its formal 2024 guidance and five-year plan, which are significantly enhanced because of the acquisition. “Our recent Alberta Montney consolidation marks the completion of our portfolio transformation,” said Craig Bryksa, President

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

Weekly Gas Storage: Inventories decrease by 87 Bcf

Natural Gas Inventories as of December 22, 2023 The EIA has released its natural gas inventory report, showing a net decrease of 87 Bcf as of December 22, 2023. Working gas in storage was 3,490 Bcf as of Friday, December 22, 2023, according to EIA estimates. This represents a net decrease of 87 Bcf from the previous week. Stocks were

ANALYSIS-Russia faces mighty obstacle in western LNG sanctions- oil and gas 360

ANALYSIS-Russia faces mighty obstacle in western LNG sanctions

Nasdaq SINGAPORE/MOSCOW- (Reuters) – U.S. sanctions pose a major obstacle to Russia’s plans to increase exports of seaborne liquefied natural gas (LNG) to offset the decline in pipeline gas exports to Europe, analysts said, as expectations mount of delays to a flagship project. The world’s fourth largest LNG producer after the United States, Qatar and Australia, Russia has an ambition

ProFrac Holding Corp. completes refinancing of senior secured term loan and enhances financial flexibility- oil and gas 360- oil and gas 360

ProFrac Holding Corp. completes refinancing of senior secured term loan and enhances financial flexibility

Oil and Gas 360 WILLOW PARK, Texas, Dec. 27, 2023 /PRNewswire/ — ProFrac Holding Corp. (NASDAQ: ACDC) (“ProFrac”, or the “Company”) today announced that, on December 27, 2023, it completed the refinancing of its existing Senior Secured Term Loan and other debt with two new financings totaling $885 million, which will both mature in 2029.   As a result of these transactions, ProFrac

Chord Energy appoints Susan Cunningham Chair of the Board of Directors and announces Darrin Henke as New Chief Operating Officer- oil and gas 360

Chord Energy appoints Susan Cunningham Chair of the Board of Directors and announces Darrin Henke as New Chief Operating Officer

Oil and Gas 360 Cunningham to Succeed Lynn A. Peterson, Who Will Retire from the Board at Year-End, Reducing Board Size to Nine Members. Henke to Succeed Chip Rimer, Who Will Retire on January 12, 2024 HOUSTON, Dec. 27, 2023 /PRNewswire/ — Chord Energy Corporation (NASDAQ: CHRD) (“Chord”, “Chord Energy” or the “Company”) today announced the appointment of Susan Cunningham as Independent Chair of Chord