May 8, 2024

Nabors, Vista Energy to add third drilling rig in Argentina’s Vaca Muerta shale with electrification potential

May 8, 2024

World Oil (WO) – Vista Energy and Nabors Industries signed a contract to add a third drilling rig to accelerate Vistas assets in Argentina’s Vaca Muerta shale. Nabors will deploy a high-spec rig with “cutting-edge technologies,” according to a press release. It is scheduled to commence operations in the second half of 2024. In support of Vista’s plan to reduce

TC Energy’s oil pipeline spin-off faces obstacles in bet on US Gulf

May 8, 2024

Yahoo Finance WINNIPEG, Manitoba – TC Energy’s planned oil pipeline spin-off is a bet that it can supply more Canadian crude to U.S. Gulf of Mexico refiners, but the venture faces stiff competition and will carry high debt when it starts up. The South Bow spin-off, which TC investors will vote on June 4, will help Calgary, Alberta-based TC lower

BP hints that its goal to cut oil and gas output could be flexible

May 8, 2024

Oil Price As BP looks to please shareholders with higher returns and stock valuations, the UK-based supermajor is suggesting that a previous goal to reduce its oil and gas production by 2030 is now flexible and would depend more on returns rather than on volumes. BP has to decide in the coming years whether to proceed with more than 30

ADNOC Gas reports $6 billion revenue in Q1 2024 with significant natural gas project milestones

May 8, 2024

World Oil (WO) – According to a financial report, ADNOC Gas delivered robust Q1 2024 results, with revenues increasing by 15% year-on-year to $6 billion, underpinned by a strong increase in demand in the UAE, which saw overall sales volumes increase by 14% Y-o-Y. As a result of the improved revenue and continued focus on operational efficiency, Q1 2024 earnings

Oil falls on rising US stockpiles, strong dollar

May 8, 2024

Investing LONDON – Oil prices fell on Wednesday as industry data showed a rise in crude and fuel inventories in the United States and as the U.S. dollar strengthened, signalling that demand for oil is coming under pressure. Brent crude oil futures fell 52 cents, or 0.6%, to $82.64 a barrel by 1400 GMT. U.S. West Texas Intermediate crude futures fell 67

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 1.4 million barrels

May 8, 2024

Weekly Crude Oil Storage as of May 3, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.4 million barrels from the previous week. 9.5 million barrels, U.S. crude oil inventories are 3% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting

Nabors, Vista Energy to add third drilling rig in Argentina’s Vaca Muerta shale with electrification potential

TC Energy’s oil pipeline spin-off faces obstacles in bet on US Gulf

BP hints that its goal to cut oil and gas output could be flexible

ADNOC Gas reports $6 billion revenue in Q1 2024 with significant natural gas project milestones

Oil falls on rising US stockpiles, strong dollar

U.S. crude oil inventories decrease by 1.4 million barrels

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