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North Dakota’s oil production fell by 22,500 barrels per day (bpd) in June to an estimated 1.176 million bpd, the state’s Pipeline Authority said on Thursday, marking a second straight monthly decline. Production in the third top oil-producing U.S. state has slipped since climbing to 1.29 million bpd last September, according to figures from its …
North Dakota Oil Production Falls for Second Straight Month in June Read More »
CALGARY — TC Energy Corp. says it and its partner have successfully completed the sale of Portland Natural Gas Transmission System. Earlier this year, the companies announced they were selling the U.S. pipeline for US$1.14 billion to a BlackRock fund and investment funds managed by Morgan Stanley Infrastructure Partners. The partner, Northern New England Investment …
TC Energy Completes Sale of Portland Natural Gas Transmission System Read More »
Summary Statistics office compiles oil, gas investment survey Norway oil investments to hit record NOK 257 bln in 2024 (Reuters) – Norwegian oil and gas investments are expected to hit a record this year and stay at elevated levels in 2025, driven by ongoing field developments and rising inflation, a national statistics office (SSB) survey …
Norwegian Oil Investments to Hit Record High as Inflation Drives Up Costs Read More »
(Reuters) – Oil prices ticked up on Thursday as optimism built that potential U.S. interest rate cuts will boost economic activity and fuel consumption, but concerns over slower global demand curbed gains. Brent crude futures were up 51 cents, or 0.6%, at $80.27 a barrel at 1107 GMT, recovering some of the previous day’s losses. …
Oil Prices Edge Up as Demand Concerns Duel With Rate Cut Optimism Read More »
(Reuters) -U.S. natural gas futures rose more than 4% on Wednesday, supported by a drop in output and forecasts of hotter weather for the second half of August that could boost cooling demand and increase gas consumption by power generators to meet air conditioning needs. Front-month gas futures NGc1 for September delivery on the New York Mercantile …
US Natgas Rises More Than 4% on Hotter Weather Forecasts, Lower Output Read More »
(Reuters) U.S. crude oil stockpiles rose unexpectedly last week, building for the first time since late June, while gasoline and distillate inventories fell more than forecast, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 1.36 million barrels to 430.7 million barrels in the week ended Aug. 9, the EIA said, compared …
US Crude Inventories Rise After Six Weeks of Drawdowns, EIA Says Read More »
In the 25 days since Vice President Kamala Harris entered the race for the White House, she has kept energy executives guessing. Is she the climate and anti-pollution warrior who was attorney general of California? Or the pragmatic Number Two in the Democratic Biden administration that oversaw record U.S. oil production and exports. In speeches …
Harris’ Energy Policy is Strategically Ambiguous, Her Aides Say Read More »
Exxon, Chevron helped drive robust year for dealmaking Smaller producers like Devon, Permian Resources clinched deals Bloomberg News Some shale producers are seeking deals even as the biggest names in oil and gas, Exxon Mobil Corp. and Chevron Corp., remain on the sidelines digesting their mega mergers after a blistering run. Dealmaking activity in the sector is poised …
Oil Patch M&A Wave Recedes While Majors Digest Deals Read More »
The vice president’s past call for a fracking ban raises doubts in the must-win, gas-producing state. Ask Mickey Molinaro, an asphalt worker with a bushy beard and easy-going smile. Harris, in her last White House run, called for a ban on fracking, before reversing her stance this year. And fracking helped Molinaro survive the Great …
Kamala Harris Once Trashed Fracking, and Pennsylvania Hasn’t Forgotten Read More »
DUBAI, United Arab Emirates, Aug. 13, 2024 (GLOBE NEWSWIRE) — Vantage Drilling International Ltd. (“Vantage” or the “Company”) reported a net loss attributable to shareholders of approximately $14.2 million or $1.07 per diluted share for the three months ended June 30, 2024, based on weighted average shares outstanding, as compared to a net income attributable …
Vantage Drilling International Ltd. Reports Second Quarter 2024 Results Read More »
