Day: November 2, 2023

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

Energy News Beat 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 “Agreement“) to offer to acquire all of the issued and outstanding common shares (the “Common Shares“) of […]

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

Energy News Beat 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.  At 421.9 million barrels, U.S. crude oil inventories are about 5% below the five year average for […]

Zephyr Energy brings Williston basin wells online, boosting production

Energy News Beat 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 spudded wells operated by Slawson Exploration Company. The working interests acquired range from 11% to 32%. Zephyr’s […]

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

Energy News Beat 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 for the industry can be fixed, Anja-Isabel Dotzenrath, head of Gas and Low Carbon Energy at BP, […]

Russian oil trading well above price cap

Energy News Beat The G7 and EU have imposed a $60 per barrel price ceiling mechanism in an effort to curtail Moscow’s energy revenues The average price of Russia’s flagship Urals blend of crude oil was $81.52 a barrel in October, the Ministry of Finance reported on Wednesday, 35% above the $60 price cap imposed […]

Daily Energy Standup Episode #243 – Russia Increases Oil Exports, EU Eyes Sanctions; Norway Rethinks EV Leadership, California EV Challenges

Energy News Beat Daily Standup Top Stories Russia’s Oil Exports Climb Despite Its Commitment To Cut Supply November 1, 2023 Mariel Alumit By Tsvetana Paraskova of OilPrice.com Russia’s crude oil exports by sea have been exceeding the country’s targeted export reductions as part of the OPEC+ pact for weeks, with the most recent week’s observed shipments […]

Nasdaq Marks This Bullish Shift After Fed Chief Powell’s Decision To Leave Rates Unchanged

Energy News Beat Gloomy conditions tend to be the best type for a budding new rally to really take hold. The post Nasdaq Marks This Bullish Shift After Fed Chief Powell’s Decision To Leave Rates Unchanged appeared first on Investor’s Business Daily.  The post Nasdaq Marks This Bullish Shift After Fed Chief Powell’s Decision To […]

Nasdaq Marks This Bullish Shift After Fed Chief Powell’s Decision To Leave Rates Unchanged

Energy News Beat Gloomy conditions tend to be the best type for a budding new rally to really take hold. The post Nasdaq Marks This Bullish Shift After Fed Chief Powell’s Decision To Leave Rates Unchanged appeared first on Investor’s Business Daily.  The post Nasdaq Marks This Bullish Shift After Fed Chief Powell’s Decision To […]

Nasdaq Marks This Bullish Shift After Fed Chief Powell’s Decision To Leave Rates Unchanged

Energy News Beat Gloomy conditions tend to be the best type for a budding new rally to really take hold. The post Nasdaq Marks This Bullish Shift After Fed Chief Powell’s Decision To Leave Rates Unchanged appeared first on Investor’s Business Daily.  The post Nasdaq Marks This Bullish Shift After Fed Chief Powell’s Decision To […]