Stratas Advisors Offers Oil Price Warning
Stratas Advisors warned that it is expecting 'some moderation of oil prices'.
LLOG Progresses Salamanca FPU Project in GOM
The privately owned exploration and production company anticipates the final outfitting of the FPU to be completed in early 2025, in time for the project's production target of mid-2025.
KMI to Acquire Midstream Gas Assets in Williston Basin from Outrigger
Kinder Morgan agreed to buy a natural gas gathering and processing system in North Dakota from Outrigger for $640 million.
North America Breaks Rig Loss Streak
North America added 117 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Aramco Awards $9 Billion Contracts To Be Executed Locally
Aramco signed 145 deals totaling about $9 billion as part of the oil giant's In-Kingdom Total Value Add program.
Russia Forms Commission for Major Black Sea Oil Spill
Russia has formed a new government commission to coordinate clean up of the biggest spill of oil products in the Black Sea in recent history.
Valeura Posts Record Oil Production in Q4
Valeura's oil production averaged 26.1 million barrels per day during the fourth quarter of 2024.
WTI Hits 5-Month High on Supply Risks
Oil prices rose to a five-month high as sweeping US sanctions on Russia's energy industry tightened global supplies and fueled market uncertainty.
Oil Industry Spurned by Supreme Court on Hawaii Climate Suit
The U.S. Supreme Court buttressed efforts by environmental advocates to hold oil companies accountable for climate change.
Advanced Ionics Raises Additional $6.7 Million for New Electrolyzer Tech
Advanced Ionics raised $6.7 million in additional funding for a new electrolyzer technology that uses waste heat from industrial sources and works with a wide range of temperatures.
Russia's Budget Oil Revenue Spiked by Almost a Third in 2024
Russia's oil proceeds to the state budget increased by almost a third last year to the highest since at least 2018.
Enverus Releases List of 'Most Prolific' Public Oil, Gas Operators in USA
Enverus announced that it has released a list of the 50 'most prolific ... public oil and gas operators in the U.S. based on gross operated production last year'.
SLB Wins Contracts to Support Shell's Global Deepwater Operations
The contracts involve Shell's deepwater and ultra-deepwater assets in the UK North Sea, Trinidad and Tobago, Mexico, and others.
Constellation to Acquire Calpine for $26.6B, Form Clean Energy Giant
The acquisition 'creates the cleanest and most reliable generation portfolio in the USA, with a diverse, coast-to-coast portfolio of zero- and low-emission generation assets'.
AccuWeather Warns Southern California to Prepare for More Extreme Fire Risk
'This will be another incredibly dangerous week near the fire zones and across much of the Los Angeles region', AccuWeather Meteorologist Alex DaSilva said.
TotalEnergies Starts Construction of $250MM Gas Facility in Iraq
The four-in-one project includes the recovery of gas that is flared at three oil fields in southern Iraq to supply electric power plants.
New ACER Tool Simulates Power Trading with Potential Virtual Hub Prices
'The data suggests that a well-designed virtual hub price would have stronger correlations with most bidding zone prices than the forward products currently used as proxies for hedging'.
Crude Oil Market Has Come Alive
'Supply is the key near-term driver', Chris Weston, Head of Research at Pepperstone, said.
Uniper Plans Abated 470 MW Gas Power Station in Humber, England
Uniper plans to build a 470-MW natural gas-fueled power station with a carbon capture facility in England's Humber region.
Norway Hits New Annual Gas Production Record
Norway's natural gas output set a new record in 2024 with 124 billion standard cubic meters sold, according to the country's upstream regulator.
