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HomePress

Press

Press Releases

American
Energy Policy

API: EPA’s proposed NAAQS revisions “jeopardize” American jobs, risk “substantial” economic harm

November 3, 2023 Mariel Alumit

World Oil (WO) — The American Petroleum Institute (API) joined with over 70 other trade groups representing diverse businesses across the economy in urging the Biden administration to maintain the existing National Ambient Air Quality […]

Cureton
Finance

Cureton Midstream announces sale to Williams

November 3, 2023 Mariel Alumit

Oil and Gas 360 November 2, 2023 —Tailwater Capital LLC (“Tailwater”), an energy and growth infrastructure private equity firm, and a fund managed by the Private Equity Group of Ares Management (“Ares”), a leading global […]

gasoline
Downstream

U.S. gasoline refining profits tumble as demand weakens

November 2, 2023 Mariel Alumit

Oil Price The U.S. gasoline crack spread – a leading refining profitability indicator – slumped in October to the lowest level in nearly three years amid seasonally weaker American gasoline demand and the switch to […]

Pine Cliff Energy Ltd.
Finance

Pine Cliff Energy Ltd. announces strategic acquisition, new term debt facility and monthly dividend

November 2, 2023 Mariel Alumit

Oil and Gas 360 Calgary, Alberta–(Newsfile Corp. – October 31, 2023) – Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) (“Pine Cliff” or the “Company“) is pleased to announce that it has entered into a definitive agreement (the […]

ENB Rig Count
Crude Oil News

U.S. crude oil inventories increase by 0.8 million barrels

November 2, 2023 Mariel Alumit

Weekly Crude Oil Storage as of October 27, 2023 Click for EnerCom Analytics Dashboard. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.8 million barrels from the previous week.  […]

Zephyr Energy
Crude Oil News

Zephyr Energy brings Williston basin wells online, boosting production

November 2, 2023 Mariel Alumit

World Oil (WO) – Zephyr Energy plc provided updates on its non-operated asset portfolio in the Williston basin, North Dakota, U.S. In December 2022, the company announced that it had acquired a working-interest in six recently […]

offshore wind
Climate Crisis

U.S. offshore wind sector ‘fundamentally broken’ – BP exec

November 2, 2023 Mariel Alumit

Oil Price The U.S. offshore wind industry is “fundamentally broken” and needs a reset, a clean energy executive at supermajor BP said at the FT Energy Transition summit on Wednesday.  But the regulatory and permitting environment […]

bp
Climate Crisis

bp interim CEO denies U.S. shale acquisition claims, defends focus on energy transition

November 1, 2023 Mariel Alumit

World Oil (Bloomberg) – bp Plc’s temporary boss gave a robust defense of the company’s strategy, batting away suggestions that he needs to follow the big oil deals done by U.S. competitors Exxon Mobil Corp. and Chevron […]

OPEC
Crude Oil News

OPEC oil output rises for third month, Reuters survey finds

November 1, 2023 Mariel Alumit

Nasdaq LONDON – OPEC oil output has risen for a third straight month in October, a Reuters survey found on Tuesday, led by increases in Nigeria and Angola and despite ongoing cuts by Saudi Arabia […]

crude
Crude Oil News

U.S. crude production breaks records

November 1, 2023 Mariel Alumit

Oil Price U.S. crude oil production hit an all-time high in August, according to new data published by the Energy Information Administration on Tuesday, with production surpassing pre-covid levels. U.S. field production of crude oil reached […]

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