World Oil (WO) — The Department of the Interior has issued final guidance for states on applying for the first $775 million in grant funding available this year to address orphaned oil and gas wells under President Biden’s Bipartisan Infrastructure Law. The total funding allocated for this program amounts to $4.7 billion, aimed at mitigating environmental and safety hazards, generating
Oil and Gas 360 Ausable (awe-SABLE) International LLC is a new mutual fund managed by EnerCom Denver sponsor and former Army Special Operations Intelligence Officer Ed Luzine. With a focus on what he calls “patriotic capital,” Ed and his team are looking to launch the retail fund around Veterans Day with a focus on military veterans and other civic-minded investors.
Oil Price Higher costs and ongoing field developments are set to boost oil and gas investments to a record high offshore Norway, the top hydrocarbon producer in Western Europe, according to new data from Statistics Norway. Total investments in oil and gas activity in 2024, including pipeline transportation, are estimated at an all-time high of $24 billion (257 billion Norwegian
World Oil (Bloomberg) — Petroleos Mexicanos has reached a deal with an oilfield-services provider to drill in the Gulf of Mexico as the heavily indebted state energy company turns to the private sector to boost crude production. Pemex reached an agreement with Mexico-based CME Oil and Gas to revive the Bacab and Lum fields, mature deposits that are part of
CNBC Oil prices ticked higher on Wednesday on upbeat global demand views from the U.S. Energy Information Administration and OPEC. Brent crude futures rose 11 cents, or 0.1%, to $82.04 a barrel at 0016 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 18 cents, or 0.2%, to settle at $78.10. The EIA raised its 2024 world oil demand growth
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