Oil and Gas 360 Finding another way to avoid the waste and lost revenue from stranded gas in a pipeline-constrained portion of the Permian Basin could have global applications, according to two business partners in Texas interviewed in the June-July … The post Another world first in the Permian, natural gas to gasoline appeared first on Oil & Gas 360 ..read more

World Oil (WO) — Leading national energy associations have expressed strong backing for the Energy Permitting Reform Act of 2024, introduced by Senate Energy & Natural Resources Chairman Joe Manchin (I-WV) and Ranking Member John Barrasso (R-WY). This bipartisan bill … The post Senate’s energy permitting reform gains broad industry support appeared first on Oil & Gas 360 ..read more

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had an increase of 3 over last week, resulting in a total count of 589 rigs. Canada had an increase of 14 over last week, resulting in … The post U.S. rig count had an increase of 3 this week, at 589 appeared first on Oil & Gas 360 ..read more

Yahoo Finance MEXICO CITY/NEW YORK/SINGAPORE – Mexico is seeking to import more motor fuel for next year than it had previously planned, to compensate for delays in the startup of its new Olmeca refinery, half a dozen traders said, marking … The post Exclusive: Mexico seeks more 2025 fuel import deals after refinery delays appeared first on Oil & Gas 360 ..read more

Oil and Gas 360 “First imperceptible, then unstoppable.” The risk of parallel trading systems that bypass the U.S. petrodollar continues to grow from BRICS’ (Brazil, Russia, Iran, China, South Africa) machinations. This new “axis of oil” produces about 40% of … The post Is domestic oil and gas’ biggest risk unrisked? appeared first on Oil & Gas 360 ..read more

World Oil (Bloomberg) – Matador Resources Co. plans to pump more oil in 2024 than it originally expected, a sign that wells in the western section of the Permian basin – the most prolific U.S. oil field – are surprising … The post Matador Resources increases 2024 oil production plans on Permian drilling surprises appeared first on Oil & Gas 360 ..read more

Oil Price U.S. natural gas-fired power generation jumped this week amid the lowest wind power output in 33 months seen on Monday while demand for cooling is rising in the summer. On July 22, wind power output in the Lower … The post U.S. boosts natural gas power as wind output slumps to 33-month low appeared first on Oil & Gas 360 ..read more

World Oil (Bloomberg) – Prices for natural gas would “skyrocket” if fracing was banned. That’s according to Toby Rice, chief executive officer of shale driller EQT Corp., marking one of the first prominent voices in the fossil fuel industry to … The post EQT CEO warns of “skyrocketing” gas prices if fracing is banned under U.S. presidential candidate Kamala Harris appeared first on Oil & Gas 360 ..read more

Natural Gas Inventories as of July 19, 2024 The EIA has released its natural gas inventory report, showing a net increase of 22 Bcf as of July 19, 2024. Working gas in storage was 3,231 Bcf as of Friday, July … The post Weekly Gas Storage: Inventories increase by 22 Bcf appeared first on Oil & Gas 360 ..read more

World Oil (Bloomberg) – Wildfires in Canada’s energy-producing Alberta province are threatening almost 10% of the region’s oil production and forcing the evacuation of one of the country’s largest national parks during the peak summer tourist season. Hot weather has … The post 170 Alberta wildfires threaten 10% of Canadian oil and gas production, prompts evacuations appeared first on Oil & Gas 360 ..read more