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Fortuna Resources LLC Partners with Och-Ziff Affiliates to Pursue Oil and Gas Acquisition and Development Opportunities | PRN Newswire | Oil Country Media

HOUSTON, May 16, 2016 /PRNewswire/ —  Fortuna Resources Holdings, LLC (“Fortuna”) announced that certain affiliates of Och-Ziff Capital Management Group LLC (NYSE: OZM) (“Och-Ziff”) have committed $75 million to Fortuna, with an option to increase to $150 million. The investment is focused on expanding Fortuna’s activities in the West Texas Permian Basin and related areas through acreage and asset acquisitions and […]

Read More Fortuna Resources LLC Partners with Och-Ziff Affiliates to Pursue Oil and Gas Acquisition and Development Opportunities | PRN Newswire | Oil Country Media
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Trump extends Florida offshore drilling pause, expands it to Georgia, South Carolina | TheHill

President Trump on Tuesday moved to block oil and gas drilling off the coasts of Florida, Georgia and South Carolina until mid-2032, a decade longer than drilling is currently delayed off Florida’s Gulf Coast.  “I will sign a presidential order extending the moratorium on offshore drilling on Florida’s Gulf Coast and expanding it to Florida’s Atlantic […]

Read More Trump extends Florida offshore drilling pause, expands it to Georgia, South Carolina | TheHill
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U.S. oil production rose to 10.4 million bpd in June: EIA – Reuters

NEW YORK (Reuters) – U.S. oil production rose in June, but did not fully recover from a dramatic plunge in May, according to a government report on Monday. U.S. oil output rose 420,000 barrels per day in June to 10.436 million barrels a day, the U.S. Energy Information Administration said in a monthly report on […]

Read More U.S. oil production rose to 10.4 million bpd in June: EIA – Reuters
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Permian oil drillers bounce back with biggest rig hike this year – Midland Reporter-Telegram

Photo: James Durbin/The Oilfield Photographer/ Midland Reporter Telegram Buy Photo (Bloomberg) — Explorers in the world’s biggest shale patch are roaring back, putting an additional 10 rigs to work this week for the biggest jump in activity since a price crash triggered an unprecedented collapse in drilling. Drillers in the Permian Basin of West Texas […]

Read More Permian oil drillers bounce back with biggest rig hike this year – Midland Reporter-Telegram

Offshore oil and gas production is crimped by Gulf storms | AP News

Offshore oil and gas production is crimped by Gulf storms By DAVID KOENIG August 23, 2020 Oil and gas production in the Gulf of Mexico was slowed Sunday by the approach of two storms that led companies to remove workers from more than 100 offshore platforms. The Interior Department said that based on company reports […]

Read More Offshore oil and gas production is crimped by Gulf storms | AP News
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Finding the trend in volatile oil markets | Bloomberg Professional Services

Bloomberg Market Specialist Zef Lokhandwalla contributed to this article. Background Oil markets have taken traders on a wild ride. Brent crude has more than doubled since its April low and has remained above $40 a barrel since mid-June. The question now for traders is: What’s the next move for oil? The supply-and-demand forecast does not […]

Read More Finding the trend in volatile oil markets | Bloomberg Professional Services

U.S. LNG firms take small steps to add export capacity despite coronavirus – Reuters

(Reuters) – U.S. liquefied natural gas (LNG) companies made small steps to add export capacity this week, even as global energy demand destruction from the coronavirus pandemic has made it difficult for new projects to move forward. U.S. LNG exports were on track to rise for the first time in six months in August as […]

Read More U.S. LNG firms take small steps to add export capacity despite coronavirus – Reuters

Natural Gas and Renewables: Friends, NOT Foes | Energy In Depth

Renewable energy and natural gas have a much more symbiotic and productive relationship than is generally acknowledged by the average person, according to IHS Markit, one of the largest data-analytics companies and the host of the internationally acclaimed CERAWeek Energy Conference. The natural gas and renewables sectors share a common goal: to supply the world’s […]

Read More Natural Gas and Renewables: Friends, NOT Foes | Energy In Depth