Energy News – Oil & Gas 360

Can oil & gas go green? Answers within DECARBON 2025

October 10, 2024

Oil and Gas 360 Taking place in Berlin, Germany, on 10-11 February, the Oil and Gas Decarbonisation Congress (DECARBON) 2025 gathers top-level management and leading technical specialists to explore the latest advancements, strategies and solutions in reducing the industry’s carbon footprint. DECARBON is an annual networking event which brings together oil and gas companies, EPCs, pipeline operators and refineries, hosted

Kpler predicts oil surplus to persist despite OPEC+ output caps

September 12, 2024

Oil Price Crude oil production will continue to outpace demand in 2025 despite OPEC+ caps on output, Kpler analyst Homayoun Falakshahi told Reuters. In an interview from earlier today, the analyst noted the sluggish demand growth in China but also signs of weakening demand growth in the United States, which even the recent production outages in Libya could not offset, at least

Oil prices fall below $70 amid weak data and market concerns, Rystad Energy reports

September 12, 2024

World Oil (WO) — At the Asia Pacific Petroleum Conference (APPEC) in Singapore this week, traders were generally bearish, with many predicting oil prices could drop to $60 per barrel, despite Brent crude falling below $70, according to Rystad Energy. This pessimism contrasts with supply and demand fundamentals that suggest inventory draws in the latter half of the year, which

Relief on the way for Permian gas takeaway

September 12, 2024

(Oil & Gas 360) – Another 2.5 bcf/d of takeaway is coming for Permian gas via the Matterhorn Express Pipeline, which is expected to be put into service just in time for heating season. According to project lead EnLink Midstream of Houston, Matterhorn is expected to deliver enough natural gas for two million homes after its 580-mile route from the

U.S. inflation cooled in August thanks to lower energy prices

September 11, 2024

Oil Price Falling oil and gasoline prices, along with the rest of the energy complex, helped to slow down the annual rate of inflation in August. According to AAA data, gasoline prices averaged $3.253 per gallon on Wednesday, down from $3.445 a month ago and $3.832 a year ago. According to Bureau of Labor Statistics data released Wednesday, the gasoline index declined 0.6%

Argentina expects deregulation to boost energy investment to $15 billion in 2025

September 11, 2024

Oil Price Argentina’s market deregulation efforts are expected to raise the energy investments in the country by about $2.5 billion to $15 billion next year, Energy Secretary Eduardo Rodriguez Chirillo said at an industry event. The government of Argentinian President Javier Milei has pushed for new legislation, the so-called Large Investment Incentive Regime – or RIGI, by its Spanish initials – offering

US natgas prices climb 2% to 8-week high as producers cut output for Hurricane Francine

September 11, 2024

BOE Report U.S. natural gas futures climbed about 2% to an eight-week high on Wednesday as oil and gas producers continued to cut output before Hurricane Francine slams into the Louisiana coast later Wednesday. Front-month gas futures for October delivery on the New York Mercantile Exchange rose 4.9 cents, or 2.2%, to $2.281 per million British thermal units (mmBtu) at

Exclusive: Mote Hydrogen at EnerCom Denver-The Energy Investment Conference 2024

September 10, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Mote’s technology uses proven processes to turn biomass wastes and residues into pure biohydrogen and permanently storable CO2. Our innovation starts with feedstock pre-processing and extends all the way to purifying

OPEC+ policy dilemma prompts “confused message” amid increased U.S. shale production

September 10, 2024

World Oil (Bloomberg) – OPEC+ is facing a dilemma when it comes to reconciling the group’s goals with what the market needs, and the oil group is sending a “confused message,” according to one of the world’s top crude traders. The group led by Saudi Arabia and Russia delayed easing supply curbs last week, but now needs to pick which

Currie claims fears of an oil market glut are “Completely Overplayed”

September 10, 2024

Oil Price Oil market participants are “dramatically overestimating” a supply glut, as Chinese demand is not as doom-and-gloom as headline figures suggest and U.S. crude oil production is basically flat this year, Jeff Currie, chief strategy officer of energy pathways at Carlyle, said on Tuesday. Fears of a major oil glut are “completely overplayed,” Currie told the Asia Pacific Petroleum

American energy security, oil and gas production in jeopardy following Gulf of Mexico court ruling, API warns

September 10, 2024

World Oil (WO) – The American Petroleum Institute is raising concerns over the recent decision by the U.S. District Court for the District of Maryland to vacate the National Marine Fisheries Services’ (NMFS) Biological Opinion in the Gulf of Mexico. In a letter from President and CEO Mike Sommers to Secretary of Commerce Gina Raimondo, Sommers highlighted how the lack

SM Energy appoints Beth McDonald as Executive Vice President and Chief Operating Officer

September 9, 2024

Oil and Gas 360 DENVER, Sept. 9, 2024 /PRNewswire/ — SM Energy Company (NYSE: SM) today announced that it has appointed Beth McDonald as its Executive Vice President and Chief Operating Officer, effective as of September 9, 2024. President and Chief Executive Officer Herb Vogel comments: “We are delighted to welcome Beth to our executive team. She is an experienced and

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