October 22, 2024 – Oil & Gas 360

Energy Market Assessment: Mild temperatures are minimizing oil & gas demand

October 22, 2024

(Oil & Gas 360)- While delightfully mild temperatures are minimizing oil & natural gas demand, prices, and expectations, infrastructure trends are bullish. Most of the summer was warmer than normal, and two devastating Hurricanes encouraged those convinced using fossil fuels has mankind heading to disaster, adding to the many disaster predictions that have already failed. Only five Summer weeks were cooler

Oil markets fail to respond to geopolitical escalations

October 22, 2024

(Oil Price) – Ten days ago, the Biden administration expanded sanctions on Iran’s petroleum and petrochemical sectors in response to Iran’s October 1 attack on Israel, its second direct attack on Israel this year. According to the White House, Iran’s oil exports are enabled by a network of illicit shipping facilitators in multiple jurisdictions which, through obfuscation and deception, load and transport Iranian

Black Gold Exploration joins with LGX Energy to expand key U.S. oil and gas leases

October 22, 2024

(World Oil) – Black Gold Exploration Corp. has announced the addition of 822 acres to the package of oil, gas and mineral leases in Clay County and Vigo County, Indiana that are subject to its ongoing joint venture (JV) with LGX Energy Corp., bringing the total leased acreage to 911.9 acres. When originally announced on August 7, 2024, the

Oil industry clashes with California’s regulatory environment

October 22, 2024

(Oil Price) – On October 16, 2024, the refiner Phillips 66 announced that it will cease operations at its Los Angeles-area refinery in the fourth quarter of 2025. This announcement came a few days after California Governor Gavin Newsom signed a new law placing additional regulations on refineries. The closure will affect approximately 600 employees and 300 contractors that currently work at the

Three Mile Island nuclear plant gears up for Big Tech reboot

October 22, 2024

(Yahoo Finance) – THREE MILE ISLAND, Pennsylvania (Reuters) – Giant cooling towers at Constellation Energy’s Three Mile Island nuclear plant in Pennsylvania have sat dormant for so long that grass has sprung up in the towers’ hollowed-out bases and wildlife roam inside. Armed guard stations at an entrance to the shut concrete facility, surrounded by barbed wire, sit empty. The plant,

US grants $428 million to clean energy projects in communities that relied on coal

October 22, 2024

(Investing) – WASHINGTON – The U.S. on Tuesday announced $428 million in grants to build or expand battery manufacturing and recycling plants and other clean energy manufacturing in communities that have been hit hard by recent closures of coal mines and power plants. WHY IT’S IMPORTANT The administration of President Joe Biden and Vice President Kamala Harris, the Democratic candidate in

TDI-Brooks completes geotechnical program offshore Turkey, Black Sea

October 22, 2024

(World Oil) – TDI-Brooks has successfully completed its fifth geotechnical investigation for DenAr Ocean Engineering S.A. The RV Nautilus was dispatched to the Black Sea from the U.S. East Coast to facilitate this operation. The geotechnical aspect of the investigation included 49 Gravity Cone Penetrometer Tests (gCPTs), 50 Jumbo Piston Corers (JPCs), 48 Cone Penetration Tests (CPTs), and 41 BCs.

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