January 17, 2025 – Oil & Gas 360

Biden advances final effort to ban Arctic oil drilling

January 17, 2025

(World Oil) – The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska’s National Petroleum Reserve, a bid to lock in land protections and conservation requirements days before President-elect Donald Trump takes office. The Interior Department move Thursday represents the latest step by outgoing President Joe Biden to enshrine protections that could complicate Trump

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

U.S. rig count decreased by 4 as of this week, at 580

January 17, 2025

This week’s Baker Hughes Rig Count shows that the U.S. had a decrease of 4 over last week, resulting in a total count of 580 rigs. Canada had an increase of 13 over last week, resulting in a total Canadian count of 229 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Eagle Ford and the Granite

Red Sea trade route will remain too risky even after Gaza ceasefire deal, industry executives say

January 17, 2025

(Investing) – LONDON – Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen’s Houthis will continue to attack shipping, industry executives said. The leader of Yemen’s Houthis said on Thursday that the Iran-aligned group would monitor the implementation

Vistra’s battery storage facility goes up in flames, spurs evacuation orders

January 17, 2025

(Yahoo Finance) – One of the world’s largest battery storage facilities is being consumed by flames near San Francisco on Friday, and officials say the best solution is to let the factory continue to burn, even as it releases toxic fumes into the air. Vistra Corp’s 3000-megawatt Moss Landing energy storage facility went up in flames on Thursday, in a blaze

ADNOC Gas, Baker Hughes launch Levidian technology to turn methane into hydrogen, graphene

January 17, 2025

(World Oil) – ADNOC Gas in partnership with Baker Hughes has successfully installed British climate technology firm Levidian’s patented LOOP technology at the Habshan Gas Processing Plant. This marks the first-ever deployment of the technology at an operational gas processing site. Carbon will be captured from methane, the main constituent of natural gas, and transformed into graphene, a material set

International diesel prices surge after U.S. sanctions on Russia

January 17, 2025

(Oil Price) – Diesel prices in Asia, Europe, and the U.S. jumped this week as the latest U.S. sanctions on Russia’s oil industry added to colder winter weather to boost futures prices and margins amid expectations of reduced diesel and crude supply from Russia. On January 10, the outgoing U.S. Administration imposed the most aggressive sanctions on Russia’s oil yet, designating two

Oil set for fourth straight week of gains as investors assess US sanctions

January 17, 2025

(Investing) – LONDON -Oil prices moved lower on Friday but remained on course for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade heightened expectations for oil supply disruptions. Brent crude futures were down 57 cents, or 0.70%, at $80.72 per barrel by 1433 GMT, having gained 1.15% this week. U.S. West Texas Intermediate crude futures

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