Thursday, December 19, 2024
Flotek announces increased 2024 guidance and continued profitability growth in connection with second quarter 2024 results- oil and gas 360

Flotek announces increased 2024 guidance and continued profitability growth in connection with second quarter 2024 results

Oil and Gas 360 Publisher’s Note: Flotek Industries (NYSE: FTK) will be presenting at EnerCom Denver-The Energy Investment Conference, scheduling for one-on-one meetings is open to qualified investors. You can still Register to attend.    HOUSTON, August 6, 2024 – Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced operational and financial results for the quarter ended June

Congress is key to building future U.S. oil and gas projects, Williams CEO says- oil and gas 360

EV market softens, car makers adjust

Oil and Gas 360 Ford’s on-going” market therapy” regarding a less than enthusiastic reception for its three EV models is costing the company about $3 billion to convert a Canadian plant from its purpose-built EV design to produce more of its Super Duty truck models (F-250, 350 and 450).   Trucks constitute the lion’s share of Ford’s business; its F-150 internal

Congress is key to building future U.S. oil and gas projects, Williams CEO says- oil and gas 360

Congress is key to building future U.S. oil and gas projects, Williams CEO says

World Oil (Bloomberg) – Moves from Congress are likely to be more important to building out U.S. oil and gas projects than policy from the White House, according to the top executive at pipeline operator Williams Cos. “I actually think paying more attention to how Congress turns out, and the legislative front, is actually a bigger push because that’s actually

Qatar to invest in U.S.-backed critical minerals initiative- oil and gas 360

Qatar to invest in U.S.-backed critical minerals initiative

Oil Price Qatar will invest $180 million in a Europe-based critical minerals investment company, joining the U.S. development bank in supporting the firm that invests in key metals for the energy transition outside China. Qatar Investment Authority (QIA), the Gulf nation’s sovereign wealth fund, said on Wednesday it would invest $180 million in TechMet, an investment company focused on building businesses across

Cheniere Energy reinforces “critical” role of U.S. natural gas with 20-year Galp LNG deal- oil and gas 360

Cheniere Energy reinforces “critical” role of U.S. natural gas with 20-year Galp LNG deal

World Oil (WO) – Cheniere Energy, Inc. entered into a long-term liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with Galp Trading S.A., a subsidiary of Galp Energia. Galp has agreed to purchase approximately 0.5 MMtpa of LNG for 20 years from Cheniere Marketing on a free-on-board basis for a purchase price indexed to the Henry Hub price, plus

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

U.S. crude oil inventories decrease by 3.7 million barrels

Weekly Crude Oil Storage as of August 2, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.7 million barrels from the previous week.  At 429.3 million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,