Saturday, March 8, 2025
EOG Resources adds to glum U.S. oil outlook on cost, supply chain snags- oil and gas 360

EOG Resources adds to glum U.S. oil outlook on cost, supply chain snags

Nasdaq Shale oil producer EOG Resources EOG.N on Thursday said U.S. production gains next year will slow amid persistent supply chain constraints and inflationary pressures, echoing a rival’s sentiment.   EOG forecasts overall U.S. oil output to increase by between 700,000 and 800,000 barrels per day this year. But in remarks at the Barclays CEO Energy and Power conference on Thursday, EOG’s top executive predicted that

Hungary says ditching Russian oil to cost at least $810 million- oil and gas 360

Hungary says ditching Russian oil to cost at least $810 million

World Oil (Bloomberg) — Hungary told its European Union counterparts that it will cost at least 770 million euros ($810 million) to revamp its oil industry as they wrangle over potential sanctions that would target Russian supplies. Prime Minister Viktor Orban’s government said 550 million euros were needed to overhaul its refineries to comply with the ban, and another 220

Analysis: U.S. strategic oil sale speeds fuel-price fix, but at what cost?- oil and gas 360

Analysis: U.S. strategic oil sale speeds fuel-price fix, but at what cost?

Nasdaq The Biden administration is selling a record amount of emergency oil from national reserves to tame soaring U.S. fuel prices as quickly as possible, but the plan could backfire down the road if the stockpile is not replenished quickly. President Joe Biden on March 31 announced the United States would sell 180 million barrels of crude from the Strategic

Fed's Bullard Says Rate Cut May Be Needed ‘Soon’ - Oil & Gas 360

PLS Tracks $129.3 Billion in New Oil and Gas Capital in 2017

Capitalize, PLS Inc.’s proprietary comprehensive capital markets tracking platform, released a statistical review of the oil and gas industry’s capital markets activity for calendar year 2017. Key findings: $34 billion in equity raised through offerings in 2017, down 36% from 2016’s $53 billion Of 2017’s eight upstream equity offerings, six were SPACs Big names such as Hess, Antero and BP