Wednesday, November 27, 2024
Oil prices up 3% as U.S. crude inventories fall, hurricane hits output- oil and gas 360

Oil prices up 3% as U.S. crude inventories fall, hurricane hits output

OAG360 Publishers Notes: Check out our new DOE dashboards for crude oil inventories and natural gas inventories:  https://www.oilandgas360.com/dashboards/oil-and-gas-inventories/ Reuters NEW YORK – Oil prices rose for a second day on Wednesday, gaining about 3% on an unexpected decrease in U.S. crude inventories and as Hurricane Sally forced a swath of U.S. offshore production to shut. U.S. crude stocks fell by

Hurricane Laura targets the heart of America’s oil refining industry- oil and gas 360

Hurricane Laura targets the heart of America’s oil refining industry

Forbes Whenever tropical storm systems enter the Gulf of Mexico, as two have this week, most of the focus related to reporting on the oil and gas industry tends to center on efforts by offshore producers to evacuate and secure their operations, especially in the deep waters of the Gulf. That has all been happening this week as well over

Strengthening Storm Set to Hit Louisiana With a Foot of Rain - Oil & Gas 360

Strengthening Storm Set to Hit Louisiana With a Foot of Rain

From Bloomberg System could become a hurricane Friday and slam coast Saturday, one-third of Gulf oil output shut as firms evacuate workers A gathering storm in the Gulf of Mexico that’s already flooding New Orleans could grow into a hurricane before slamming into Louisiana this week, drenching the region with as much as a foot of rain. The system, about

Hurricane Exploration Achieves First Oil at 20,000 BOPD from Two Wells - Oil & Gas 360

Hurricane Exploration Achieves First Oil at 20,000 BOPD from Two Wells

Combined flow from two wells reached 20,000 BOPD target Hurricane Exploration plc, a U.K.-based oil and gas company focusing on naturally fractured basement reservoirs, achieved first oil this Tuesday, reaching its targeted production rate of 20,000 BOPD from the Lancaster field. The company reported that a 72-hour production test combined flows from two wells, and the company expects that a gradual

Hurricane Joaquin Gains Steam in what is expected to be a Quiet Hurricane Season

Joaquin likely to be one of just a handful of storms this season With official hurricane season two-thirds over, Americans on the east coast are on watch today as Hurricane Joaquin brushes close to the seaboard after pounding the Bahamas. But large numbers of storms are not expected this season due to different wind and pressure patterns from El Nino. In