Articles by: Oil & Gas 360

Source: Reuters

Oil set for steady gains as economies shake off pandemic blues

Reuters


Oil prices will stage a steady recovery this year as vaccines reach more people and speed an economic revival, with further impetus coming from stimulus and output discipline by top crude producers, a Reuters poll showed on Friday.

The …

Source: Reuters

Winners and losers in energy sector from Texas cold snap

Reuters


A winter storm that hit parts of the southern United States over the past week led several energy companies to report stronger-than-expected results after they were called on to provide more power at higher prices, while others faced millions …

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

Oil and Gas 360


Private and Publicly traded energy companies, industry leaders and capital providers talk 2021 plans in Dallas and online. In 2021, EnerCom is launching its Environmental, Social and Governance Summit as a part of the EnerCom Dallas

February 25, 2021 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Barclays lifts 2021 oil price outlook on tighter U.S. supply view

Reuters


Barclays raised its 2021 oil price forecast on Thursday, citing weaker than expected supply response from U.S. producers to higher prices and normalizing inventories after last week’s cold storm in Texas.

The bank increased its 2021 Brent crude oil

Source: Reuters

U.S. crude output falls 10%, refinery runs drop to 2008 low amid Texas freeze – EIA

Reuters


U.S. crude oil production dropped by more than 1 million barrels per day last week during Texas’s deep freeze, equalling the largest weekly fall ever, and refining runs tumbled to levels not seen since 2008, the Energy Information Administration …

February 25, 2021 - 2:00 pm Closing Bell Story‎, Crude Oil News, Downstream, Energy News
Source: Reuters

Blackstone-backed natural gas E&P Vine Energy refiles for an estimated $300 million IPO

Nasdaq


Vine Energy, a Blackstone-backed natural gas E&P operating in Louisiana’s Haynesville Basin, filed on Monday with the SEC to raise up to $100 million in an initial public offering. However, this is likely a placeholder for a deal that …

February 25, 2021 - 1:30 pm Capital Markets, Closing Bell Story‎, Energy News, Finance
ICE tells pricing agency Platts Brent oil market reform too fast

ICE tells pricing agency Platts Brent oil market reform too fast

Reuters


LONDON – ICE exchange, home of Brent oil futures trading, has put pressure on pricing agency Platts to postpone its physical Brent market reform, saying the market needs more time to consult and adjust the value of derivatives in …

Source: Reuters

Dow exec sees climate change as opportunity for petchem innovation

Reuters


SINGAPORE – Dow Inc is adjusting its carbon footprint and product slate to adapt to climate change and tap evolving consumption trends tied to the global energy transition, a senior executive said this week.

Dow has pledged to become …

Source: Reuters

Oil holds close to 13-month high, supported by sharp drop in U.S. output

Reuters


LONDON – Oil prices remained close to 13-month highs on Thursday, with profit-taking limited by an assurance that U.S. interest rates will stay low and a sharp drop in U.S. crude output last week due to the storm in …

Source: Reuters

Global LNG demand expected to almost double by 2040: Shell

Reuters


LONDON – Global liquefied natural gas (LNG) demand is expected to almost double to 700 million tonnes by 2040, Royal Dutch Shell said in its annual LNG market outlook.

Demand was 360 million tonnes last year, up slightly from …

February 25, 2021 - 10:00 am Carbon Capture, Closing Bell Story‎, Energy News, LNG
Weekly Gas Storage: Inventories decrease by 338 Bcf

Weekly Gas Storage: Inventories decrease by 338 Bcf

Natural Gas Inventories as of February 19, 2021

The EIA has released its natural gas inventory report, showing a net decrease of 338 Bcf as of February 19, 2021.

Working gas in storage was 1,943 Bcf as of Friday, February …

Source: Reuters

Chevron launches $300 million fund to focus on low-carbon technology

Reuters


Chevron Corp on Thursday said it had launched a $300 million fund focused on low-carbon technology, as traditional global oil and gas firms attempt to invest more in green energy and tackle climate change.

Major energy firms have set …

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

Oil and Gas 360


Private and Publicly traded energy companies, industry leaders and capital providers talk 2021 plans in Dallas and online. In 2021, EnerCom is launching its Environmental, Social and Governance Summit as a part of the EnerCom Dallas

February 24, 2021 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Board of Petrobras approves shareholders’ meeting; end of the line for CEO

Reuters


RIO DE JANEIRO – The board of Brazilian state-run oil company Petrobras on Tuesday called an extraordinary shareholders’ meeting, a move that all but guarantees the exit of Chief Executive Roberto Castello Branco.

In a statement, Petroleo Brasileiro SA, …

Colombia’s Ecopetrol 2020 net profit down 87.3%, to invest up to $15 billion by 2023

Colombia’s Ecopetrol 2020 net profit down 87.3%, to invest up to $15 billion by 2023

Reuters


BOGOTA – Colombia’s majority state-run oil company, Ecopetrol, will make up to $15 billion of organic investment between 2021 and 2023, it said on Tuesday, as it reported an 87.3% drop in 2020 net profit.Colombia's Ecopetrol 2020 net profit down 87.3%, to invest up to $15 billion by 2023- oil and gas 360The company will invest …

Source: Reuters

Top executives of Texas electric grid resign after storm failure

Reuters


HOUSTON  – Top directors of Texas’s electric grid operator, who faced sharp criticism from a massive failure of the state power system that left millions last week without light, heat, and water, resigned on Tuesday.

The board’s chairman, vice …

February 24, 2021 - 1:30 pm Closing Bell Story‎, Energy News, Power Generation
Source: Reuters

U.S. public power/natgas groups urge Biden to cap prices in last week’s freeze

Reuters


Trade groups representing U.S. public power and natural gas companies urged President Joe Biden to declare a gas emergency for last week’s extreme weather and authorize the secretary of energy to cap the price of gas.

In a Feb. …

Source: Reuters

Cheniere expects gradual rise in LNG demand with COVID-19 vaccine rollout

Reuters


Cheniere Energy Inc raised its full-year adjusted core earnings forecast on Wednesday, expecting incremental growth in demand for liquefied natural gas as COVID-19 vaccinations boost economic activity that had slumped due the health crisis.

Lockdown measures implemented to curb …

February 24, 2021 - 10:30 am Closing Bell Story‎, Energy News, LNG
Source: Reuters

Oil rises despite surprise U.S. stock build weighs

Reuters


LONDON  – Oil prices firmed on Wednesday amid continued outages in the United States and a weaker dollar, even though U.S. inventories last week rose unexpectedly.

Brent crude futures gained $1.19, or 1.8%, to $66.56 a barrel at 1511 …

U.S. crude oil inventories increase by 1.3 million barrels

U.S. crude oil inventories increase by 1.3 million barrels

Weekly Crude Oil Storage as of February 19, 2021

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.3 million barrels from the previous week. At 463.0 million barrels, U.S. crude oil …

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

Oil and Gas 360


Private and Publicly traded energy companies, industry leaders and capital providers talk 2021 plans in Dallas and online. In 2021, EnerCom is launching its Environmental, Social and Governance Summit as a part of the EnerCom Dallas

February 23, 2021 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News
EnergyNet.com – Celebrating 22 Years in Business

EnergyNet.com – Celebrating 22 Years in Business

EnergyNet


February 11, 2021: For Immediate Release

Amarillo, Texas, February 11, 2021/PRNewswire/ – (www.energynet.com) –

EnergyNet.com, the premier technology-enabled marketplace platform specializing in oil and gas property asset sales announces that the company celebrated 22 years since its …

February 23, 2021 - 3:38 pm Closing Bell Story‎, Energy News, EnergyNet Promoted
BofA hikes 2021 Brent price view by $10/bbl on strong oil balances

BofA hikes 2021 Brent price view by $10/bbl on strong oil balances

Reuters


Bank of America (BofA) Global Research lifted its forecast for Brent crude oil prices for this year citing tighter supplies due to the Texas freeze and OPEC+ output curbs and unmatched global monetary stimulus, it said in a note …

Source: Reuters

Brazil’s Petrobras rebounds as board meets on succession

Reuters


SAO PAULO  – Brazilian state-run oil group Petrobras recovered some of its recent share price losses on Tuesday as the board met to consider Brazil President Jair Bolsonaro’s nomination of a retired general to replace the company’s market-friendly CEO.…

Source: Reuters

U.S. shale producers reveal extent of hit from Texas freeze

Reuters


Occidental Petroleum Corp, Diamondback Energy Inc and a host of smaller Permian-focused U.S. shale producers on Monday forecast lower oil output in the first quarter, giving the first indications of the hit to the industry caused by last week’s …

Source: Reuters

Oil holds near year-long highs as COVID lockdowns seen easing

Reuters


LONDON – Oil prices were steady on Tuesday, trading close to more than year-long highs on signs that global coronavirus restrictions were being eased although concerns about the pace of a U.S. economic recovery kept gains in check.

Brent …

Source: Reuters

Gas to Gaza? The pipeline that might provide a lifeline

Reuters


JERUSALEM – Talks on a gas pipeline that would cross political faultlines and deliver reliable energy to the impoverished Gaza Strip have moved from the abstract to the concrete in recent weeks, three officials with knowledge of the process …

February 23, 2021 - 11:30 am Closing Bell Story‎, Energy News, Pipeline News
Source: Reuters

Biden, Trudeau aim to move past Keystone pipeline disagreement in first bilateral meeting

Reuters


WASHINGTON/OTTAWA – U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau will try on Tuesday to move past an early disagreement after Biden blocked the Canadian-backed Keystone XL pipeline and look to reset relations after the rocky years …

February 23, 2021 - 10:30 am Closing Bell Story‎, Energy News, Politics, Regulatory
Source: Reuters

Just Energy says Texas customers protected from storm-related price surge

Reuters


Just Energy Group Inc said on Tuesday its storm-battered residential customers in Texas will be protected from higher energy rates for February, a day after the Canadian company raised doubts about its ability to continue as a going concern.…

February 23, 2021 - 9:30 am Closing Bell Story‎, Energy News, Power Generation
In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

Oil and Gas 360


Private and Publicly traded energy companies, industry leaders and capital providers talk 2021 plans in Dallas and online. In 2021, EnerCom is launching its Environmental, Social and Governance Summit as a part of the EnerCom Dallas

February 22, 2021 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News