Yahoo Finance LONDON – 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 … The post OPEC switches to ‘call on OPEC+’ in global oil demand outlook, sources say appeared first on Oil & Gas 360 ..read more

Oil Price Brazil’s environmental protection agency has required state-held oil and gas giant Petrobras to conduct a series of studies on how its plan to drill in an environmentally sensitive area offshore the mouth of the Amazon River would impact … The post Brazil’s oil giant must assess the impact of drilling on indigenous communities appeared first on Oil & Gas 360 ..read more

BOE Report CALGARY – A new survey shows nine out of 10 Canadian energy sector executives believe oil prices will remain strong for the next three to five years. The survey, conducted between April 5 and April 18 by ATB … The post Oil executives expect sustained period of strong crude prices, survey shows appeared first on Oil & Gas 360 ..read more

Oil Price Occidental Petroleum hopes it will have closed its $12-billion planned acquisition of Permian oil and gas producer CrownRock by the next quarterly earnings report at some point in August 2024, Oxy’s chief executive Vicki Hollub said on the … The post Occidental hopes to close CrownRock acquisition by August appeared first on Oil & Gas 360 ..read more

World Oil On Day 2 (Tuesday, May 7) of OTC 2024, Andy Krieger—Senior V.P. for bp’s Gulf of Mexico (GOM) and Canadian businesses—played host for a panel on the company’s operations in the GOM at OTC 2024. Within the broader … The post OTC 2024: BP seeks resilience in hydrocarbons appeared first on Oil & Gas 360 ..read more

Natural Gas Inventories as of May 3, 2024 The EIA has released its natural gas inventory report, showing a net increase of 79 Bcf as of May 3, 2024. Working gas in storage was 2,563 Bcf as of Friday, May … The post Weekly Gas Storage: Inventories increase by 79 Bcf appeared first on Oil & Gas 360 ..read more

Oil and Gas 360 May 7, 2024 Netherland, Sewell & Associates, Inc. (NSAI) is pleased to announce it is hosting its Oil, Gas, and CO2 Storage Property Evaluation Seminar in Rio de Janeiro this year with a one-day session … The post Netherland, Sewell & Associates, Inc. (NSAI) is pleased to announce it is hosting its oil, gas, and CO2 storage property evaluation seminar in Rio de Janeiro – May 24, 2024 appeared first on Oil & Gas 360 ..read more

Yahoo Finance WINNIPEG, Manitoba – TC Energy’s planned oil pipeline spin-off is a bet that it can supply more Canadian crude to U.S. Gulf of Mexico refiners, but the venture faces stiff competition and will carry high debt when it … The post TC Energy’s oil pipeline spin-off faces obstacles in bet on US Gulf appeared first on Oil & Gas 360 ..read more

Oil Price As BP looks to please shareholders with higher returns and stock valuations, the UK-based supermajor is suggesting that a previous goal to reduce its oil and gas production by 2030 is now flexible and would depend more on … The post BP hints that its goal to cut oil and gas output could be flexible appeared first on Oil & Gas 360 ..read more

World Oil (WO) – According to a financial report, ADNOC Gas delivered robust Q1 2024 results, with revenues increasing by 15% year-on-year to $6 billion, underpinned by a strong increase in demand in the UAE, which saw overall sales volumes … The post ADNOC Gas reports $6 billion revenue in Q1 2024 with significant natural gas project milestones appeared first on Oil & Gas 360 ..read more