Articles by: Oil & Gas 360

Source: Reuters

Oil prices ease after OPEC+ agrees to ease output curbs

Reuters


LONDON – Oil prices fell on Thursday after OPEC and other producers including Russia agreed to ease record supply curbs from August, though the drop was cushioned by tightening global inventories as economic activity picks up.

Brent crude fell …

July 16, 2020 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Weekly Gas Storage: Inventories increase by 45 Bcf

Weekly Gas Storage: Inventories increase by 45 Bcf

Natural Gas Inventories as of July 10, 2020

The EIA has released its natural gas inventory report, showing a net increase of 45 Bcf as of July 10, 2020.

Working gas in storage was 3,178 Bcf as of Friday, July …

Source: Reuters

Oil giants including Exxon set first joint carbon target

Reuters


LONDON – A group of the world’s top oil companies, including Saudi Aramco, China’s CNPC and Exxon Mobil, have for the first time set goals to cut their greenhouse gas emissions as a proportion of output, as pressure on …

Oil tanker off Yemen risks spilling four times as much oil as 1989 Exxon Valdez disaster, UN says

Oil tanker off Yemen risks spilling four times as much oil as 1989 Exxon Valdez disaster, UN says

Reuters


The United Nations has warned there could be a disastrous oil spill four times the size of the 1989 Exxon Valdez disaster near Alaska if action is not taken to deal with a deteriorating oil tanker stranded off the …

July 16, 2020 - 8:00 am Crude Oil News, International, Offshore
during Aida Cruise - Highlights am Polarkreis (2017-06-25 - 2017-07-12) at Kiel, Kiel, Schleswig-Holstein, Germany on 2017-06-25, Photo: Sven Mandel

Norwegian firm OKEA acquires stake in Equinor’s Aurora gas discovery

Offshore


Norwegian oil firm OKEA has signed a sale and purchase agreement (SPA) with Equinor to acquire the latter’s 40% operated working interest (WI) in two licences offshore Norway.

The acquisition of interests in production licences PL195 and PL195 B …

Trident Energy wraps up buy of ten offshore fields from Petrobras

Trident Energy wraps up buy of ten offshore fields from Petrobras

OffShore


Trident Energy has completed the acquisition of the Pampo and Enchova clusters offshore Brazil from the state-owned oil company Petrobras.

Trident said on Thursday that the ten concessions in question were initially developed by Petrobras in the 1980s.

Namely, …

source: Reuters

Investors in Russian pipeline projects at risk of U.S. sanctions, Pompeo says

Reuters


WASHINGTON (Reuters) – U.S. Secretary of State Mike Pompeo on Wednesday warned investors in two Russian natural gas pipeline projects that they could face sanctions as the Trump administration seeks to curb the Kremlin’s economic leverage over Europe and …

360 Digital Closing Bell 7-15-2020

360 Digital Closing Bell 7-15-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 8 min summary of the energy markets.  

 

Michael covers the highlights and covers the Dakota Pipeline - Tech Stocks flat, 

 
Source: Reuters

Carlyle, Cairn Energy-backed group among bidders for Shell’s Egypt assets-sources

Reuters


DUBAI/LONDON – Buyout firm Carlyle and a consortium backed by Cairn Energy are among the bidders for Royal Dutch Shell’s onshore Egyptian oil and gas assets, two sources with knowledge of the matter told Reuters.

Bids for the assets …

Source: Forbes

Biden’s $2 trillion New Green Deal underscores the need to separate Energy Policy from politics

Forbes


The Joe Biden presidential campaign has released a new proposal for energy and environmental policy, including plans to spend $2 trillion over a decade and a goal of achieving 100% clean electricity standard by 2035. Also promised: good union …

July 15, 2020 - 1:00 pm Closing Bell Story‎, Energy News, Politics & Opinions
Remote Medical International Acquires SSI Group

Remote Medical International Acquires SSI Group

360 FeedWire


Acquisition expands Remote Medical International’s renewable energy presence and adds risk management services to the company’s portfolio.

SEATTLE, WA, July 15, 2020 – Remote Medical International, a global leader in workplace health and safety services for Fortune 100 …

Source: Fox Business

Appeals court temporarily halts Dakota Access line shutdown

Fox Business


A federal appeals court on Tuesday temporarily halted a judge’s order that the Dakota Access Pipeline be shut down in three weeks.

The U.S. Court of Appeals for the District of Columbia Circuit issued an “administrative stay” of …

Source: CNBC

OPEC faces ‘worst of both worlds’ with oil prices in limbo ahead of committee meeting

CNBC


OPEC is facing “the worst of both worlds” with the current oil market demand outlook, S&P Global Platts’ head of EMEA news said Wednesday ahead of the group’s Joint Ministerial Monitoring Committee (JMMC), where it will announce recommendations for …

Senators hope Berkshire Hathaway invests in West Virginia natural gas projects

Senators hope Berkshire Hathaway invests in West Virginia natural gas projects

MetroNews


Oil & Gas Publishers Note: Its nice to see law makers make an appeal to Warren Buffet about investing in a natural gas pipeline in their state. Its amazing what happens when money is invested.

CHARLESTON, W.Va. — A …

Source: Reuters

U.S. crude oil inventories decrease by 7.5 million barrels

Weekly Crude Oil Storage as of July 10, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 7.5 million barrels from the previous week. At 531.7 million barrels, U.S. crude oil …

DomRep converts oil-based power to gas: Update

DomRep converts oil-based power to gas: Update

Argus


Oil & Gas 360 Publishers Note: The increased power production with a cleaner carbon foot print is substantial. With the new scrubbers there is very little CO2 comparatively produced. NG is our friend. 

Dominican Republic independent power producer (IPP) …

Westcoast Wins Right to Service Natural Gas Flow for LNG Canada with NGTL

Westcoast Wins Right to Service Natural Gas Flow for LNG Canada with NGTL

NGI


Oil & Gas 360 Publishers Note: We have been tracking delays and interference in the ability for companies to build pipelines. It is nice to share good news once and a while. 

Enbridge Inc. has won a contest with …

Accelerating the Energy Transition in Germany: Industry Leaders Discuss the Opportunities Offered by Innovation and Grid Optimization

Accelerating the Energy Transition in Germany: Industry Leaders Discuss the Opportunities Offered by Innovation and Grid Optimization

360 Feedwire


BERLINJuly 15, 2020 /PRNewswire/ — The German transmission grid needs to quickly and significantly increase its transfer capacity to successfully manage an increasing level of renewables and deliver on the Clean Energy package.

German transmission system …

July 15, 2020 - 7:00 am International, Power Generation
EnerCom’s The Oil & Gas Conference registration is open

EnerCom’s The Oil & Gas Conference registration is open

Oil and Gas 360


Publisher’s Note: REGISTER NOW! Please join us this August 17-19, 2020 on our 25th Anniversary of The Oil & Gas Conference

Unprecedented times call for unprecedented solutions, this year’s conference will be the first hybrid …

July 14, 2020 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC, TOGC25
Haynes and Boone Replay: Weekly Energy Tracker Call  07-14-2020

Haynes and Boone Replay: Weekly Energy Tracker Call 07-14-2020

Oil and Gas 360


Weekly Energy Tracker Call (07/14/20)

Haynes and Boone, AEGIS and EnerCom welcome you to a weekly series of webex meetings to discuss business and legal issues erupting in the oil and gas world.

Replay: Weekly

Source: CNBC

Joe Biden unveils $2 trillion green infrastructure and jobs plan

CNBC


Former Vice President Joe Biden released a sprawling plan Tuesday to revamp American infrastructure and energy to both curb climate change and spur economic growth.

The presumptive Democratic presidential nominee’s proposal aims to achieve carbon-free power generation by 2035. …

360 Digital Closing Bell 7-14-2020

360 Digital Closing Bell 7-14-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 8 min summary of the energy markets.  

 

Michael covers the highlights and covers the PPE used in the oil and gas

Source: Reuters

BlackRock cast tougher climate votes, environmentalists want more

Reuters


BOSTON – BlackRock Inc (BLK.N) released figures showing it took a tougher stance on climate matters in the springtime proxy season, though it drew criticism from environmentalists claiming the top asset manager failed to back up its …

Exclusive 360 Energy Expert Network Video Interview: Enverus  – Andrew Dittmar – M&A, Chapter 11, and decisions made with data

Exclusive 360 Energy Expert Network Video Interview: Enverus – Andrew Dittmar – M&A, Chapter 11, and decisions made with data

Got Decisions? Get Enverus

 

In this crazy world we politely call 2020, there is a pattern change in M&A, Chapter 11s, Royalties, and how investors operate. Taking the commodity price out of the picture, the balance sheet will make

Source: Fox Business

Will the left kill America’s energy dominance?

Fox Business


If the “liberal” green movement had the political power during earlier periods of our nation’s history that it has now, we would not have built the railroads.

Also, there would be no interstate highway system, and the electric …

Source: Reuters

OPEC sees oil demand soaring in 2021 but still below 2019

Reuters


LONDON – Global oil demand will soar by a record 7 million barrels per day (bpd) in 2021 as the global economy recovers from the coronavirus crisis but will remain below 2019 levels, OPEC said in its monthly report.…

Venezuela crude output falls in June to lowest since Feb 1943, OPEC data show

Venezuela crude output falls in June to lowest since Feb 1943, OPEC data show

Reuters


Venezuela’s crude output fell in June to the lowest level in nearly eight decades, data the country provided to OPEC showed on Tuesday, as U.S. sanctions on state oil company Petroleos de Venezuela choke off exports.

Venezuela crude output falls in June to lowest since Feb 1943, OPEC data show- oil and gas 360

Venezuela’s production tmsnrt.rs/2SNPoam …

July 14, 2020 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News
Aramco plans downstream shake up

Aramco plans downstream shake up

EnergyVoice


Saudi Aramco has launched a reorganisation of its downstream business with the aim of maximising value.

The company expects to complete the work by the end of the year.

Aramco Downstream’s senior vice president Abdulaziz M. Al Gudaimi said …

OPEC launches its 2020 Annual Statistical Bulletin

OPEC launches its 2020 Annual Statistical Bulletin

360 Feedwire


The OPEC Secretariat today launched the 55th edition of one of its flagship publications, the Annual Statistical Bulletin (ASB), via videoconference and livestream on the OPEC website (www.opec.org).

The launch was attended by Mohammad Sanusi Barkindo, OPEC Secretary …

L-R: Wilhem H Mohn & Georg Kell

Bloomberg hosts Future of ESG Investing virtual roundtables with Georg Kell & Wilhem H Mohn

Webwire


Bloomberg hosted two exclusive virtual roundtables with over 60 C-suite executives in Asia to discuss the future of ESG investing. The two keynote speakers were Georg Kell, Chairman of Arabesque & Founding Director of UN Global Compact and Wilhelm …

July 14, 2020 - 8:15 am ESG