(Oil and Gas 360) – Colder Than What Was Expected And Predicted, But Most Still Bearish Has Them Set Up To Soon Be Caught Natural Gas Supply/Investing Short. For natural gas heat the temperatures of late are not as cold as the brief episode at this time last year. Two weeks ago 244 natural-gas-heat weighted heating degree days were experienced
(Oil & Gas 360) – A hallmark of democracy is that, after an election, the losing parties accept the results and become the “loyal opposition”. As such, they accept the results and loyally support the government with alert scrutiny of its actions to guide their informed criticism expressed within customary procedures of civil discourse. Occasional heated expressions of unacceptable language do
(BOE Report) – The tepid reception to Venture Global’s ambitious valuation target shows companies need to set realistic expectations when going public, Wall Street analysts said, and could be a signal that the recovery in new offerings may be a cautious one. Touted as the first blockbuster listing of 2025, the LNG exporter was initially aiming for a price tag as
(Oil Price) – LNG producer and exporter Venture Global went public this week, raising $1.75 billion for a total valuation of $60 billion. The company priced its share offering at $25 apiece, it said in a statement, which added the offering period will end on January 27. The price of the placement is a lot lower than Venture Global initially planned. The
(World Oil) – Chevron Corp. said Friday it completed an expansion at Kazakhstan’s huge Tengiz oil field, which is expected to pump 1 million barrels a day (bpd) by the middle of this year. The expansion, costing $48 to $49 billion, comes as U.S. President Donald Trump this week said he’ll push the Organization of Petroleum Exporting Countries and its
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 576 rigs. Canada had an increase of 16 over last week, resulting in a total Canadian count of 245 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Eagle Ford region experienced an
(Investing) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes (NASDAQ:BKR) said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by four to 576 in the week to
(World Oil) – VAALCO Energy, Inc. has provided an operational update that included record production and sales volumes for 2024. Highlights: Recorded full year 2024 sales volumes of 24,100 to 24,600 working interest (WI) barrels of oil equivalent per day (boed), at the midpoint of its guidance range of 23,500 to 25,100 WI boed; Full year 2024 sales volumes were
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