Post Tagged with: "oil and gas"

EnerCom Denver – The Energy Investment Conference continues to add companies to The Energy Transition and Emerging Technology Session featuring start-up energy and technology companies

EnerCom Denver – The Energy Investment Conference continues to add companies to The Energy Transition and Emerging Technology Session featuring start-up energy and technology companies

Oil and Gas 360


Publisher’s Note:  EnerCom Denver-The Energy Investment Conference is accepting applications from start-up companies focused on innovation in alternative energy, advanced oil and gas technology, environmental sustainability, and carbon solutions to participate in The Energy Transition and

Oil and gas are here to stay

Oil and gas are here to stay

Oil Price


The energy transition is showing signs of losing momentum over the past few months. EV sales are slowing, wind and solar capacity additions are not expanding fast enough, and electricity is getting more instead of less expensive.

With …

Source: Reuters

Oil and gas activity in US Rockies, Midwest fell in Q2, Kansas Fed says

Reuters


Oil and gas energy activity in Oklahoma, Colorado and the northern part of New Mexico fell in the first quarter of 2024, the Federal Reserve Bank of Kansas City said on Friday in its quarterly survey of energy activity.…

Source: Oil Price

UK government denies claims Ed Miliband has banned new North Sea Oil licences

Oil Price


The Department for Energy Security and Net Zero has denied reports that Ed Miliband has banned the North Sea oil regulator from issuing any outstanding drilling and exploration licences, calling them “a complete fabrication”.

Earlier today, The Telegraph

U.S. oil and gas industry jobs experience growth despite national economic challenges, Energy Workforce reports

U.S. oil and gas industry jobs experience growth despite national economic challenges, Energy Workforce reports

World Oil


(WO) – The Energy Workforce & Technology Council released its monthly jobs report, indicating signs of continued improvement in employment growth across the oil and gas industry.

In June 2024, the U.S. oil field services sector experienced an …

Source: Reuters

Italian oil and gas major Eni eyes over $4 billion in upstream asset sale plan

World Oil


(Bloomberg) – Italian energy group Eni SpA is looking to raise more than €4 billion ($4.3 billion) from disposals in its global upstream business, people familiar with the matter said.

The sales would be part of a broader …

EnerCom Denver – The Energy Investment Conference to host The Energy Transition and Emerging Technology Session featuring start-up energy and technology companies

EnerCom Denver – The Energy Investment Conference to host The Energy Transition and Emerging Technology Session featuring start-up energy and technology companies

Oil and Gas 360


EnerCom is accepting applications from start-up companies focused on innovation in alternative energy, advanced oil and gas technology, environmental sustainability and carbon solutions to participate in The Energy Transition and Emerging Technology Session

Registration for institutional

Source: Reuters

Russian oil and gas revenues surge by 50% in June

Oil Price


In a significant rebound, Russia’s oil and gas revenues for June are projected to increase by over 50% year-on-year, reaching $9.4 billion, according to new Reuters calculations. This surge comes after a reduction in refinery subsidies, highlighting Russia’s …

Ring Energy announces management team changes

Ring Energy announces management team changes

Oil and Gas 360


Publisher’s Note: Ring Energy will be a presenter at the upcoming EnerCom Denver – The Energy Investment Conference on August 18-21, 2024. Register to attend.

THE WOODLANDS, Texas, June 24, 2024 (GLOBE NEWSWIRE) — Ring Energy, …

Source: Reuters

Canada’s “anti-greenwashing” C-59 bill to create “chaos and uncertainty” for oil and gas industry, Alberta Premier admonishes

World Oil


(WO) – Last week, the Canadian government passed bill C-59, requiring oil and gas companies to “back up” their environmental claims or otherwise be accused of “greenwashing.” In response, Alberta Premier Danielle Smith, along with Canadian Minister of …

Join us at the 29th annual EnerCom Denver – The Energy Investment Conference

Join us at the 29th annual EnerCom Denver – The Energy Investment Conference

Oil and Gas 360


Publisher’s Note: Please book your Westin Denver Downtown reservation before availability ends.

EnerCom Denver conference will kick off with the annual Charity Golf Tournament on Sunday, August 18th, sponsored by conference Global Sponsor Netherland, Sewell

Join us at the 29th annual EnerCom Denver – The Energy Investment Conference

Join us at the 29th annual EnerCom Denver – The Energy Investment Conference

Oil and Gas 360


Publisher’s Note: Please book your Westin Hotel reservation before hotel availability ends.

EnerCom Denver conference will kick off with the annual Charity Golf Tournament on Sunday, August 18th, sponsored by conference Global Sponsor Netherland, Sewell &

Biden’s unfair decommissioning rule will kill jobs, harm U.S. energy security, oil and gas trade groups say

Biden’s unfair decommissioning rule will kill jobs, harm U.S. energy security, oil and gas trade groups say

World Oil


(WO) – The Gulf Energy Alliance (GEA) joined the States of Louisiana, Texas, and Mississippi in a legal challenge to the Department of Interior’s (DOI) Bureau of Ocean Energy Management’s (BOEM) decommissioning rule imposing unnecessary and burdensome financial …

Court allows New Mexico oil pollution lawsuit to move ahead

Court allows New Mexico oil pollution lawsuit to move ahead

Oil Price


A district court in New Mexico has allowed a lawsuit to proceed against the state’s governor, legislature, and agencies for failing to uphold their state constitutional duty to protect against pollution from oil and gas drilling.

The lawsuit, …

Noble Corporation plc announces agreement to acquire Diamond Offshore Drilling, Inc.

Noble Corporation plc announces agreement to acquire Diamond Offshore Drilling, Inc.

Oil and Gas 360


SUGAR LAND, Texas, June 10, 2024 /PRNewswire/ — Noble Corporation plc (“Noble”) (CSE: NOBLE) (NYSE: NE) and Diamond Offshore Drilling, Inc (“Diamond”) (NYSE: DO) announced today that they have entered into a definitive merger agreement …

Source: Oil Price

Oil exploration firm: South Korea’s offshore prospects hold great potential

Oil Price


The oil and gas exploration prospects offshore South Korea have great potential and a future discovery is “highly prospective,” according to the founder of a petroleum exploration firm that advises the Asian country’s government on the drilling potential …

Source: Reuters

How Devon Energy missed out on the US oil and gas mega-deal wave

Yahoo Finance


U.S. oil and gas producer Devon Energy has lost bids to acquire at least three of its peers in the last 12 months because its shares were spurned as acquisition currency, according to people familiar with the negotiations.…

Banks remain financially committed to oil despite transition shift

Banks remain financially committed to oil despite transition shift

Oil Price


There is no large international bank without a net-zero plan. These plans invariably include curbs in lending to the oil and gas industry. Yet despite these plans. Most of the world’s top lenders continue doing business with the …

GeoPark acquires stake in Vaca Muerta blocks, expands Latin American presence

GeoPark acquires stake in Vaca Muerta blocks, expands Latin American presence

World Oil


(WO) — In a strategic deal, GeoPark has signed an asset purchase agreement with Phoenix Global Resources, a subsidiary of Mercuria Energy Trading, to acquire non-operated working interests (WI) in four adjacent unconventional blocks in the Neuquén basin.…

Source: Reuters

Exclusive-US to favor existing investors for Venezuela oil licenses, say sources

U.S. News


HOUSTON/WASHINGTON – The U.S. is preparing to prioritize issuing limited licenses to operate in Venezuela to companies with existing oil production and assets over those seeking to enter the sanctioned OPEC nation for the first time, two people

Source: Reuters

Honeywell, Weatherford partner on new emissions management solution for oil and gas industry

World Oil


(WO) – Honeywell and Weatherford announced a partnership to deliver a comprehensive emissions management solution for the oil and gas industry. The agreement combines Honeywell’s emissions management suite with Weatherford’s Cygnet SCADA platform, providing customers with a powerful …

Registration is open for the 29th annual EnerCom Denver – The Energy Investment Conference

Registration is open for the 29th annual EnerCom Denver – The Energy Investment Conference

Oil and Gas 360


Register now for the 29th annual EnerCom Denver – The Energy Investment Conference featuring a diverse group of public and private energy companies at www.enercomdenver.com

Mike Wirth, Chairman and Chief Executive Officer of Chevron, will …

Brent hovers around $83 as inflation data takes center stage

Brent hovers around $83 as inflation data takes center stage

CNBC


Oil prices were little changed on Monday after losing about $1 a barrel in the previous session on signs that U.S. policymakers are likely to keep interest rates higher for longer.

Brent crude futures were up 21 cents at …

Source: Reuters

Brazil’s oil giant must assess the impact of drilling on indigenous communities

Oil Price


Brazil’s environmental protection agency has required state-held oil and gas giant Petrobras to conduct a series of studies on how its plan to drill in an environmentally sensitive area offshore the mouth of the Amazon River would impact …

Source: Reuters

Occidental hopes to close CrownRock acquisition by August

Oil Price


Occidental Petroleum hopes it will have closed its $12-billion planned acquisition of Permian oil and gas producer CrownRock by the next quarterly earnings report at some point in August 2024, Oxy’s chief executive Vicki Hollub said on the …

OTC 2024: BP seeks resilience in hydrocarbons

OTC 2024: BP seeks resilience in hydrocarbons

World Oil


On Day 2 (Tuesday, May 7) of OTC 2024, Andy Krieger—Senior V.P. for bp’s Gulf of Mexico (GOM) and Canadian businesses—played host for a panel on the company’s operations in the GOM at OTC 2024. Within the broader …

Oil falls on rising US stockpiles, strong dollar

Oil falls on rising US stockpiles, strong dollar

Investing


LONDON – Oil prices fell on Wednesday as industry data showed a rise in crude and fuel inventories in the United States and as the U.S. dollar strengthened, signalling that demand for oil is coming under pressure.

Brent crude

Source: World Oil

Oil and gas trade group raises “serious concerns” about Biden’s revised greenhouse gas reporting rule

World Oil


(WO) – In October 2023, the American Petroleum Institute (API) urged the Biden administration to revise the proposed Subpart W greenhouse gas (GHG) reporting rule so that it reflects the progress the oil and gas industry has made …

Oil demand likely to surprise to the upside

Oil demand likely to surprise to the upside

Oil Price


Oil prices have recorded the biggest weekly decline in three months thanks in large part to challenging economic indicators and growing demand concerns. Last week, U.S. crude inventories posted an unexpected rise, with the American Petroleum Institute (API) …

Source: Reuters

Oil prices plummet 3% on US inventory build, inflation

Oil Price


U.S. crude oil prices continued to plummet on Wednesday, falling over 3% and Brent crude right behind it, shedding over 2.8% on a surprise U.S. inventory build and uncertainty about interest rate cuts and the future of oil …