U.S. News BOGOTA – Colombia’s majority state-owned energy company Ecopetrol is analyzing its potential direct participation in the Andean country’s first-ever offshore wind auction, the company said in a statement to Reuters. The government of President Gustavo Petro, Colombia’s first … The post Exclusive-Colombia’s Ecopetrol exploring participation in offshore wind auction appeared first on Oil & Gas 360 ..read more

BOE Report The amount of natural gas flowing to Freeport LNG’s export plant in Texas rose to a two-month high on Sunday in what energy traders said was another sign that the plant was wrapping up a series of outages … The post US natgas flows to Freeport LNG in Texas rise to 2-month high – LSEG appeared first on Oil & Gas 360 ..read more

Oil Price Oil prices have recorded the biggest weekly decline in three months thanks in large part to challenging economic indicators and growing demand concerns. Last week, U.S. crude inventories posted an unexpected rise, with the American Petroleum Institute (API) … The post Oil demand likely to surprise to the upside appeared first on Oil & Gas 360 ..read more

World Oil (Bloomberg) – The main question for OPEC+ when it meets next month is whether to continue its oil production cuts into the second half. But it may also need to tackle the longer-term issue of production capacity. OPEC … The post OPEC+ to consider extending oil production cuts into next month appeared first on Oil & Gas 360 ..read more

World Oil (WO) — ExxonMobil has finalized its acquisition of Pioneer Natural Resources Company, marking a significant transformation in its upstream portfolio. The acquisition, completed on May 3, sees ExxonMobil more than doubling its footprint in the Permian basin, combining … The post ExxonMobil doubles Permian footprint with Pioneer acquisition appeared first on Oil & Gas 360 ..read more

CNBC Oil prices edged lower on Friday, and were on course for their steepest weekly loss in three months, as investors weighed weaker-than-expected U.S. jobs data and the timing of a Federal Reserve interest rate cut. Brent crude futures for … The post Oil prices fall, head for steepest weekly drop in three months appeared first on Oil & Gas 360 ..read more

World Oil (Bloomberg) — The Federal Trade Commission’s allegations that shale trailblazer Scott Sheffield tried to collude with OPEC to prop up crude prices is unnerving U.S. oil executives pursuing more than $100 billion in deals. While Thursday’s green light … The post FTC’s allegations against oil icon Scott Sheffield shake up U.S. shale sector appeared first on Oil & Gas 360 ..read more

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 8 over last week, resulting in a total count of 605 rigs. Canada had a decrease of 2 over last week, resulting in … The post U.S. rig count had a decrease of 8 this week, at 605 appeared first on Oil & Gas 360 ..read more

US News LONDON/HOUSTON – Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners’ costs with a likely knock-on effect to industries ranging from shipping and … The post Heavy oil shortage spells higher cost for shippers, road builders appeared first on Oil & Gas 360 ..read more

Oil and Gas 360 05/01/2024 Download the PDF version PDF Format (opens in new window)PDF 268 KB Results top consensus expectations driven by higher production and lower capital expenditures generating record quarterly EBITDA and strong quarterly free cash flow … The post SilverBow Resources announces first quarter 2024 financial and operating results appeared first on Oil & Gas 360 ..read more