Reuters NEW YORK – U.S. oil output from shale formations is expected to decline by about 136,000 barrels per day (bpd) in January to 7.44 million bpd, the lowest since June, the U.S. Energy Information Administration (EIA) said in a monthly forecast on Monday. Output at nearly all seven major formations is expected to fall, except from the Haynesville region,
Reuters BRUSSELS – The European Commission on Tuesday proposed rules to restrict funding for natural gas projects and instead funnel cash into low-carbon technologies to meet climate goals. The EU’s “TEN-E” rules define which cross-border energy projects are eligible to receive certain EU funding and fast-tracked permits. The Commission on Tuesday proposed a rewrite of the rules, which guided 4.7
Vinson & Elkins Names 5 New Partners HOUSTON , Dec. 15, 2020 /PRNew…
Reuters LONDON – Oil rose further above $50 a barrel on Tuesday as optimism from the roll-out of coronavirus vaccines balanced out tighter lockdowns in Europe and forecasts of a slower demand recovery. The United States began vaccinating people on Monday as the country’s COVID-19 death toll crossed the 300,000 mark. Britain and Canada have also begun to administer shots.
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The TSX Index has been on a heck of a run since March. But the recovery hasn’…
BOE Caribbean refinery Limetree Bay Ventures sold the first oil product to a buyer in the Gulf Coast on Monday, according to a shipbroking source and Refintiv Eikon data, nearly a year after the long-shuttered facility was expected to restart, Reuters reported. Oil major BP Plc took delivery of approximately 216,000 barrels of naphtha, a product used as a solvent as
Reuters The North Sea could be switched from a depleting oil and gas basin to a site for storing CO2 under the seabed, Total CEO Patrick Pouyanne said Dec. 15. The French oil firm is one of the partners in the Northern Lights project, which aimed to bury CO2 underground and help companies meet climate targets by preventing the heat-trapping gas from
BOE Report CALGARY, AB – Keyera Corp. (TSX: KEY) (“Keyera”) today released its inaugural environment, social, and governance (ESG) report. The announcement coincides with Keyera and Samsung Renewable Energy Inc. signing a 15-year power purchase agreement (PPA). “Our vision of what it means to be a responsible Canadian energy infrastructure company has served us well through industry cycles and economic changes, particularly in
