Friday, January 24, 2025
Oil prices set to post a strong quarterly gain- oil and gas 360

Oil prices set to post a strong quarterly gain

Oil Price The recent rally in oil prices is pushing the benchmarks towards a quarter of gains thanks to the OPEC+ output cuts. WTI, according to Bloomberg, has added 14% since the start of the year, topping $82 per barrel earlier this week. Brent crude has gone from around $78 per barrel at the start of the year to over $86

SLB announces agreement to acquire majority ownership in Aker Carbon Capture- oil and gas 360

SLB announces agreement to acquire majority ownership in Aker Carbon Capture

Oil and Gas 360 SLB and Aker Carbon Capture will combine technology portfolios, expertise and operations platforms to bring carbon capture solutions to market more quickly and more economically HOUSTON–(BUSINESS WIRE)–Mar. 27, 2024– Regulatory News: SLB (NYSE: SLB) today announced an agreement to combine its carbon capture business with Aker Carbon Capture (ACC) to support accelerated industrial decarbonization at scale. Bringing

More than 20% of global oil refining capacity at risk, analysis finds- oil and gas 360

More than 20% of global oil refining capacity at risk, analysis finds

Nasdaq LONDON – More than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie found in analysis published on Thursday, as gasoline margins weaken and the pressure to reduce carbon emissions mounts. Of 465 refining assets analysed, the consultancy ranked about 21% of 2023 global refining capacity at some risk of closure. Europe

Zephyr announces additions to senior management team- oil and gas 360

Zephyr announces additions to senior management team

Oil and Gas 360 RNS Number : 5939I Zephyr Energy PLC 28 March 2024 28 March 2024 Zephyr Energy plc (“Zephyr” or the “Company”) Zephyr announces additions to senior management team Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF), the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations, is pleased to announce the following additions to its senior

oil prices up more than $1 a barrel on tighter supply outlook- oil and gas 360

Oil prices up more than $1 a barrel on tighter supply outlook

Yahoo Finance NEW YORK – Oil prices rose by more than $1 a barrel on Thursday, after falling for two consecutive sessions, as investors anticipated tighter supplies given the OPEC+ producer alliance is widely expected to stay the course on its current production cuts. Brent crude futures for May were up $1.21, or 1.4%, at $87.30 a barrel, while the

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

Weekly Gas Storage: Inventories increase by 36 Bcf

Natural Gas Inventories as of March 22, 2024 The EIA has released its natural gas inventory report, showing a net decrease of 36 Bcf as of March 22, 2024. Working gas in storage was 2,296 Bcf as of Friday, March 22, 2024, according to EIA estimates. This represents a net decrease of 36 Bcf from the previous week. Stocks were