Saturday, January 25, 2025
Drilling to commence soon on ReconAfrica’s Naingopo exploration well onshore Namibia- oil and gas 360

Drilling to commence soon on ReconAfrica’s Naingopo exploration well onshore Namibia

World Oil Publisher’s Note: ReconAfrica will present at the EnerCom Denver—The Energy Investment Conference on August 18-21, 2024. Register to attend. (WO) – Reconnaissance Energy Africa Ltd. announced an operations update relating to Petroleum Exploration Licence 73 (“PEL 73”), onshore northeast Namibia. The move of the working camp and the drilling rig from the Wisdom Farm 5-1 location are wrapping

Phillips 66 explores sale of pipeline stake worth over $1 billion, sources say- oil and gas 360

Phillips 66 explores sale of pipeline stake worth over $1 billion, sources say

Yahoo Finance U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people familiar with the matter said on Tuesday. The Rockies Express Pipeline (REX) is a 1,700-mile (2730-km)interstate natural gas pipeline, stretching from Wyoming and Colorado in the U.S.

US PJM prepared to meet electricity demand during hot weather spell- oil and gas 360

US PJM prepared to meet electricity demand during hot weather spell

Yahoo PJM Interconnection, the biggest U.S. power grid operator said on Friday that it is ready to meet anticipated electricity demand during a predicted heat wave. Temperatures are expected to soar for the next ten days across the PJM region, the operator noted in its press release. “While PJM has sufficient generation and transmission capacity to meet demand during the

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count had an increase of 13 this week, at 590

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had an increase of 13 over last week, resulting in a total count of 590 rigs. Canada had an increase of 17 over last week, resulting in a total Canadian count of 160 rigs. Breakdown by region Of the regions tracked by Baker Hughes, no regions experienced

ExxonMobil to deploy Sercel Marlin vessel monitoring and alert system offshore Guyana

ExxonMobil to deploy Sercel Marlin vessel monitoring and alert system offshore Guyana

World Oil (WO) – Viridien, formerly CGG, announced that its Sensing & Monitoring business line, marketed under the Sercel brand, has made a sale of its innovative Marlin vessel monitoring and alert system to ExxonMobil Guyana Ltd. to support its offshore operations in Guyana. As part of the wider Sercel Marlin software suite for optimizing offshore operations, the Marlin vessel

Russia’s oil product shipments jumped by 10.4% in May- oil and gas 360

Russia’s oil product shipments jumped by 10.4% in May

Oil Price Russia’s fuel exports by sea increased by 10.4% in May compared to April as Moscow lifted a gasoline export ban and some refineries returned from maintenance, according to Reuters estimates and data from industry sources. Last month, Russia shipped 9.595 million metric tons of oil products to international markets, as the authorities lifted on May 20 a temporary ban on gasoline exports

Oil climbs on optimistic demand growth estimates for 2024- oil and gas 360

Oil climbs on optimistic demand growth estimates for 2024

Yahoo Finance LONDON – Brent oil futures prices ticked higher on Friday and were on course for their best week in more than four months after projections for solid crude oil and fuel demand in 2024. Brent crude futures were up 53 cents at $83.28 a barrel at 1356 GMT. West Texas Intermediate (WTI) U.S. crude futures were up 41