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Oil
Crude Oil News

Oil heads for weekly loss as geopolitical risk premium wanes

November 4, 2023 Mariel Alumit

CNBC Oil rose on Friday, as the U.S. jobs market slowed more than expected last month, bolstering expectations of a pause in interest rate hikes in the world’s biggest consumer, but they remained on track […]

Oil worker
Big Oil Companies

Oil worker wages hit U.S record amidst slowing shale activity

November 4, 2023 Mariel Alumit

World Oil (Bloomberg) –Wages for U.S. oil workers climbed for a third straight month, setting a fresh record as paychecks prove resilient amid slowing shale activity. Average hourly earnings for front-line oil-and-gas workers rose 0.9% in […]

Bayswater
Energy Tech

Bayswater deploys innovative nitrogen technology in DJ Basin to eliminate consistent source of methane emissions

November 4, 2023 Mariel Alumit

Oil and Gas 360 DENVER, Nov. 2, 2023 /PRNewswire/ — Bayswater Exploration & Production (Bayswater) is proud to be the first operator in the Denver–Julesburg (DJ) Basin to deploy a new innovative technology from Kathairos Solutions that utilizes nitrogen […]

Denbury
Finance

Exxon completes $4.9 billion Denbury acquisition

November 3, 2023 Mariel Alumit

Oil Price ExxonMobil said on Thursday it had completed the acquisition of carbon solutions provider Denbury in an all-stock transaction valued at $4.9 billion, which makes the U.S. supermajor the holder of the largest owned and operated […]

Biden
Crude Oil News

U.S. oil groups urge Biden administration to support energy security by removing offshore production barriers

November 3, 2023 Mariel Alumit

World Oil (WO) – The American Petroleum Institute (API) called on the Biden administration to help meet growing energy demand by allowing for consistent and predictable access to America’s vast energy resources offshore. Source: World […]

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.  […]

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