Western nations and their allies have imposed several rounds of sanctions against the Russian oil industry, aiming to curtail the flow of petrodollars into the Kremlin’s coffers and, with it, funding for the war in Ukraine.
Falcon Oil & Gas Ltd. has announced the spudding of the Shenandoah S2-4H horizontal well (previously referred to as the SS3H well) in exploration permit 98 in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited.
Natural gas is surging again as winter storms seek to disrupt the Thanksgiving travel holiday, Phil Flynn, a Senior Market Analyst at the PRICE Futures Group, told Rigzone.
Temperatures in northwest Europe are expected to drop again in the coming days after a mild start to the week. Meanwhile, Woodside Energy Group Ltd. halted the Pluto liquefied natural gas facility in Australia due to an unplanned outage, adding to broader supply concerns.
West Texas Intermediate shed 3.2% to settle below $69 a barrel. The Israeli ambassador to the US said a cease-fire agreement between his country and Lebanon’s Hezbollah could happen “within days.” Brent slid 2.9% to settle near $73.
According to the leading energy company, gas is the immediate solution to many immediate problems in Africa; thus, there is a compelling development case for investment in the resource.
Tullow and the Ghana Forestry Commission have completed all requirements to commence full-scale implementation of a joint nature-based carbon offset project, launched earlier this year.
GUH says that the forum is helping to bring new technology and innovation to market more quickly, benefiting the operators and creating new opportunities for the supply chain to capitalize on the global subsea IRM (inspection, repair and maintenance) market, worth over £3billion.
Several other hedge funds also recently made changes to their positions in the business. Perritt Capital Management Inc purchased a new stake in Epsilon Energy during the second quarter valued at about $109,000.
Trump handed shale donors their first big return on investment by nominating Liberty Energy Chief Executive Chris Wright, a fracking booster and fossil-fuels champion, to lead the president-elect’s Energy Department.