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Home2024

Year: 2024

UK
Crude Oil News

UK Regulator to Crack Down on Emissions From Oil and Gas Fields

March 27, 2024 Mariel Alumit

The UK’s oil and gas regulator is laying out stricter guidelines for producers to reduce emissions or risk losing out on regulatory approvals. An updated emissions plan “makes it clear that for production to continue […]

Marathon Oil Corporation
Exploration and Production

Marathon Oil Corporation Announces Pricing of Offering of $600 Million of Senior Notes Due 2029 and $600 Million of Senior Notes Due 2034

March 27, 2024 Mariel Alumit

HOUSTON, March 26, 2024 /PRNewswire/ — Marathon Oil Corporation (NYSE: MRO) (the “Company“) announced today that it has priced an offering of senior notes in an aggregate amount of $1.2 billion, consisting of $600 million principal amount of its 5.300% Senior […]

Matador Resources Company
Big Oil Companies

Matador Resources Company Prices Upsized Offering of $900 Million of Senior Notes Due 2032

March 27, 2024 Mariel Alumit

DALLAS, Mar. 26 /BusinessWire/ — Matador Resources Company (NYSE:MTDR) (“Matador”) today announced that it has priced a private offering of $900 million of 6.500% senior unsecured notes due 2032 (the “New Notes”) at a price […]

Oman
Crude Oil News

Oman Sees Increasing Ship-to-Ship Transfers of Russian Oil Bound for India

March 27, 2024 Mariel Alumit

The waters off Oman are emerging as a hot spot for ship-to-ship transfers of Russian oil heading to India, as the US steps up scrutiny of the flows. New Discovery is the latest tanker to […]

Gazprom
Finance

Gazprom buys former Shell stake in Sakhalin Energy LNG

March 27, 2024 Mariel Alumit

Russian state-owned oil and gas major Gazprom has acquired a 27.5% stake in Russian liquefied natural gas (LNG) producer Sakhalin Energy for approximately $1bn (Rbs91.89bn), according to a government order. The stake was previously held […]

UK
Big Oil Companies

UK to miss out on $487 billion generated from offshore oil and gas market without stable energy policy

March 27, 2024 Mariel Alumit

(WO) – Without stable energy policy and a globally competitive tax regime, the UK will miss out on the lion’s share of the benefits from a domestic offshore energy market that could grow to £450 […]

orphan oil and gas wells
Crude Oil News

List of orphan oil and gas wells swells to more than 1,000 in Colorado as small operators abandon the state

March 27, 2024 Mariel Alumit

The number of orphan wells in Colorado has topped 1,000 — a four-fold increase in four years — as the state takes over 358 wells from two defunct oil and gas companies this spring. The […]

Osaka Gas
Exports

Osaka Gas sees little impact from Freeport LNG’s partial shutdown

March 27, 2024 Mariel Alumit

Japan’s Osaka Gas 9532 expects to see little impact on its balance of supply and demand for liquefied natural gas (LNG) from a partial shutdown of U.S. Freeport LNG’s facilities, the president of the city gas provider […]

National Grid
Electrical Generation / Utilities

National Grid announces $4B plan to upgrade upstate New York power grid

March 27, 2024 Mariel Alumit

National Grid’s $4 billion “Upstate Upgrade” campaign is intended to improve resiliency and deliver renewable power to towns in Central, Eastern and Western New York such as South Oswego, Lighthouse Hill and Black River, the […]

Smart meter
Electrical Generation / Utilities

Smart meter surge pricing risks punishing the poorest households

March 27, 2024 Mariel Alumit

Last winter amid record high energy prices, National Grid ESO, the electricity transmission system operator, introduced the Demand Flexibility Service (DFS), where households were paid to reduce energy use in times of high demand. ESO was […]

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