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Oil prices were broadly steady on Friday following a 2% drop on Thursday, with the market unconvinced that the latest round of production cuts by the OPEC+ coalition will be able to lift prices out of their recent slump.…
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(Bloomberg) – Oil tycoon Tim Dunn has spent millions to try to influence Texas to lean toward his conservative politics. Now, as he considers bids for his drilling company that’s said to be valued at more than $10 …
The post Shale driller CrownRock CEO has potential to reshape Texas politics with potential $10 billion Oxy sale appeared first on Oil & Gas 360.
(Bloomberg) – Occidental Petroleum Corp.’s private jet touched down in Omaha this week, home to its biggest investor Warren Buffett, as Chief Executive Officer Vicki Hollub considers a shale oil deal worth at least $10 billion.
The plane …
The post Occidental jet visits Warren Buffett’s hometown amidst potential $10 billion shale deal appeared first on Oil & Gas 360.
RIO DE JANEIRO – Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not take part in the group’s coordinated output caps, the chief executive of state-run oil firm Petrobras PETR4.SA told Reuters.…
The post Brazil to join OPEC+ but won’t cap oil output, Petrobras CEO says appeared first on Oil & Gas 360.
Revenues from the oil industry have pushed Alberta’s projected budget surplus for this year to twice as high as initially expected, at $4.1 billion, or C$5.5 billion. In addition to revenue from oil royalties, the budget surplus for …
The post Oil revenues send Alberta’s budget surplus soaring appeared first on Oil & Gas 360.
Preliminary 2024 outlook of 551-611 MMcfe/d; liquids to comprise ~40% of production mix
Anticipated 2024 capex of $550-$580 million supports 3-rig drilling program
The Company
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The post SilverBow Resources announces closing of Chesapeake acquisition and provides updated 2023 guidance & preliminary 2024 outlook appeared first on Oil & Gas 360.
This week’s Baker Hughes Rig Count shows that U.S. had an increase of 3 over last week, resulting in a total count of 625 rigs. Canada had a decrease of 5 over last week, resulting in …
The post U.S. rig count had an increase of 3 this week, at 625 appeared first on Oil & Gas 360.
BOGOTA – Colombia’s state-run oil company Ecopetrol ECO.CN will invest between $5.7 billion and $6.7 billion and produce up to 730,000 barrels per day equivalent (boepd) in 2024, it said in a statement.
A majority of that spending, about …
The post Colombia’s Ecopetrol to invest up to $6.7 bln in 2024 appeared first on Oil & Gas 360.