May 10 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, …
US Drillers Cut Oil and Gas Rigs for Third Week in a Row, Baker Hughes Says Read More »
As operators scour the Permian Basin for M&A opportunities, they’re keeping an eye on a tepid divestiture market. Family-owned oil companies also stand out among the pack of private inventory holders remaining in the Permian, according to Enverus Intelligence Research.
Under the agreement, GeoPark will sell and deliver to Vitol a minimum of 20,000 bbl/d of oil from the Llanos 34 Block in Colombia, which GeoPark holds 45% working interest.
Midstream company Enbridge announced an open season on the Gray Oak Pipeline for a proposed 120,000 bbl/d expansion and updated its M&A efforts.
Experts discuss what it’ll take to advance geothermal energy and bring scale to the emerging power source.
Climate activists taking a page from LNG export pause playbook Deepwater oil terminal approved in April, three others pending Climate activists who successfully pushed President Joe Biden to halt new US liquefied natural gas exports are setting their sights on proposed crude oil shipping facilities, after the administration approved a massive petroleum terminal last month. …
Biden Urged to Halt Oil Exports After Terminal Approved Read More »
(Reuters) – Asian spot liquefied natural gas prices rose this week on stronger demand amid high temperatures in north and south China, pushing European buyers to bid at relatively narrow discounts to attract sellers. The average LNG price for June delivery into north-east Asia rose to $10.50 per million British thermal units (mmBtu), from $10.40/mmBtu …
Asian Spot LNG Prices Rise on signs of Stronger Demand Read More »
(Reuters) – OPEC will stop publishing a calculation of the world’s demand for its own crude in its monthly oil report, two sources close to the matter said, focusing instead on forecasts for demand for oil from the wider OPEC+ group. The change reflects what has become long-standing cooperation between the members of the Organization …
OPEC Switches to ‘Call on OPEC+’ in Global Oil Demand Outlook Read More »
(Reuters) – Pipeline operator Enbridge (ENB.TO) beat market estimates for first-quarter profit on Friday, as demand remained strong amid an uptick in oil production across North America. Improvements in technology have driven rapid growth in U.S. oil production over the past few years, benefiting pipeline operators such as Enbridge. The company recorded strong demand for its …
Pipeline Operator Enbridge Beats Profit Estimates on North American Demand Read More »
LONDON, May 10 (Reuters) – Global benchmark Brent hovered above $84 a barrel on Friday after data this week signalled growing demand in the U.S. and China, the world’s two largest crude users, while festering conflict in the Middle East added support. Brent futures were up 50 cents to $84.38 a barrel at 1130 GMT. …
Oil Benchmark Brent Above $84 on Perky Demand Signals, MidEast Conflict Read More »
