E&P Highlights: Dec. 9, 2024
Here’s a roundup of the latest E&P headlines, including a major gas discovery in Colombia and the creation of a new independent E&P.
Latest
Oilfield Service Companies Add More Jobs in November, Trade Group Says
Oilfield service companies ramped up hiring in November, adding 1,890 jobs in the sector, according to data from trade group Energy Workforce & Technology Council released on Monday. WHY IT’S IMPORTANT Oilfield service hiring can serve as an indicator of the health of the sector. Companies bringing on more employees could imply more drilling to …
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Commerce Department Sees Higher Dumping of Mexican, Argentine OCTG
United States Steel Corp. said it has concerns that Argentine oil country tubular goods are being dumped “at much higher levels” than preliminary data suggested.
What’s Affecting Oil Prices This Week? (Dec. 9, 2024)
For the upcoming week, Stratas Advisors believes the announced delay by OPEC+ will keep the price of Brent crude above $70, but not reach $73.
U.S. to Offer Oil and Gas Leases in Alaska Wildlife Refuge on Jan. 9
The Biden administration will offer oil and gas drilling leases in Alaska’s Arctic National Wildlife Refuge at a sale on Jan. 9, the U.S. Interior Department said on Monday. The agency will make 400,000 acres available to drillers at the auction, the minimum required by a 2017 law that mandated the sale. (Reporting by Nichola …
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BW LPG Takes Sixth VLGC Delivery from Avance Gas
The delivery of the BW Rigel vessel marks the sixth vessel delivered to BW from Avance Gas as part of the companies’ $1.5 billion deal for 12 very large gas carriers.
How Has the Fall of Assad Impacted Syria’s Energy Sector?
Syria’s 13-year civil war crippled the country’s energy sector, making it highly reliant on imports from Iran. Below are facts about Syria’s energy sector. ** Syria has not exported oil since late 2011, when international sanctions came into force, and has become dependent on fuel imports from Iran to keep power supplies running. ** Prior …
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BP, Pulling Back from Renewables, Enters $5.8B JV with JERA
The 50-50 joint venture with JERA takes shape as BP pulls back from renewables to focus on higher returns and cash flow generation.
Ameresco, Republic Services Begin Operations at Illinois RNG Plant
The plant, in Edwardsville, Illinois, uses previously flared landfill gas to create renewable natural gas that will displace fossil fuel in a nearby Energy Transfer natural gas pipeline, the companies said.
U.S. Natural Gas Up More than 3% to 1-Week High as Weather Turns Colder
U.S. natural gas futures rose over 3% to more than a one-week high on Monday, helped by a shift in short-term forecasts to cooler weather that would lead to increased gas demand for heating. Front-month gas futures for January delivery on the New York Mercantile Exchange were up 12 cents, or 3.9%, to $3.20 per …
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