July 18, 2024

Tenaz Energy Corp. announces agreement to acquire NAM Offshore B.V.

July 18, 2024

Oil and Gas 360 Publisher’s Note: Tenaz Energy will be a presenter at EnerCom Denver – The Energy Investment Conference on August 18-21, 2024. Please register to attend. CALGARY, AB, July 18, 2024 /CNW/ – Tenaz Energy Corp. (“Tenaz”, “our”, “we”, or the “Company”) (TSX: TNZ) has entered into an agreement with Nederlandse Aardolie Maatschappij B.V. (“NAM”), a 50/50 joint venture between Shell PLC and ExxonMobil

Seasonal demand and production cuts drive oil rally

July 18, 2024

Oil Price Oil bulls have a narrow window for bullish bets as driving season and weather disruptions create a prime opportunity for a market rally. With the driving season in full swing and weather-related production disruptions upon us, now may be the best chance for a market rally this year. It is a pivotal moment for bulls, with the tide

Namibia gets ready to become the world’s newest oil hotspot

July 18, 2024

Yahoo Finance (Bloomberg) — Off a busy pier in Namibia’s main port of Walvis Bay, the seeds of an economic boom are being planted. As workers heave fish from boats, or unload cargoes of sulfur and Congolese copper, a massive cylindrical drilling segment is hauled by extended trailer to a storage area. Between the more typical consignments of raw minerals

OPEC+ panel not expected to propose changes to oil output policy

July 18, 2024

Oil Price The Joint Ministerial Monitoring Committee (JMMC), the OPEC+ panel monitoring the oil market, is not expected to recommend in August any changes to the current production policy plan of the group, OPEC+ delegates told Bloomberg on Thursday. The JMMC panel meets more frequently than the OPEC+ ministers and typically observes the most recent market developments and, if necessary, recommends a

Freeport LNG cancels at least 10 cargoes after Hurricane Beryl outage in Texas

July 18, 2024

World Oil (Bloomberg) – The Freeport liquefied natural gas (LNG) export terminal in Texas has canceled at least 10 cargoes for loading through August after Hurricane Beryl forced the facility to shut, according to traders familiar with the matter. That number is expected to keep rising as long as the facility is not at full capacity, said the traders, who

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

Weekly Gas Storage: Inventories increase by 10 Bcf

July 18, 2024

Natural Gas Inventories as of July 12, 2024 The EIA has released its natural gas inventory report, showing a net increase of 10 Bcf as of July 12, 2024. Working gas in storage was 3,209 Bcf as of Friday, July 12, 2024, according to EIA estimates. This represents a net increase of 10 Bcf from the previous week. Stocks were

Tenaz Energy Corp. announces agreement to acquire NAM Offshore B.V.

Seasonal demand and production cuts drive oil rally

Namibia gets ready to become the world’s newest oil hotspot

OPEC+ panel not expected to propose changes to oil output policy

Freeport LNG cancels at least 10 cargoes after Hurricane Beryl outage in Texas

Weekly Gas Storage: Inventories increase by 10 Bcf

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