In the past 10 years, we have seen many shifts in the number of active oil rigs in the top 7 regions in the United States. Before 2016, when the price of oil dropped to $29 …
ESG reports are a great way for companies to disclose data on how they impact the environment, social culture, and corporate governance. This practice helps to reinforce a company’s social license to operate and signals to …
Historically, the price of crude oil and the price of liquified natural gas, or LNG, showed strong signs of correlation. For example, in 2017, the monthly average spot price for a MMBtu of LNG in Japan …
Since August 2020, the number of United States oil and gas rigs steadily increased up to 470 oil rigs. The increase in oil rigs brings in more business and causes the price of shares for service …
Traditionally, individuals make their investments by hiring a professional organization to manage their money in the market and make decisions on their behalf. Institutional investing is not the only way to buy into the market though. …
The Electric Reliability Council of Texas (ERCOT) is an independent system operator that manages the flow of electric power to Texans and represents about 90 percent of the state’s electric load. Over the past couple of …
Over the past decade the United States shifted the trends in crude oil imports and exports. U.S. oil imports peaked at almost 11 million barrels of oil a day in late 2006. Since then, crude oil …
Eni has announced a new oil discovery, in Meleiha Concession, in the Western Desert of Egypt. The discovery was achieved through the Arcadia 9 well, drilled on the Arcadia South structure, which is located 1.5 km …
Martin Midstream Partners L.P. MMLP announced the divestment of some of the assets related to its Mega Lubricants (or Mega) onshore terminals business to John W. Stone Oil Distributor, LLC, (“Stone Oil”) in a $22.4-million deal.
As an integrated manufacturing …
Anchorage — Despite a lackluster outlook for crude oil prices, North Slope operators are on track with two major projects in 2021 that could add 200,000 b/d of new production moving through the Trans Alaska Pipeline System by 2025.…
Russia’s mineral and energy wealth has given it a second chance in global affairs after the Cold War and the implosion of the Soviet Union. Oil and gas exports have provided the necessary income to rebuild the country and …
Essential infrastructure spending and regulation is on the agenda of the upcoming biennial session of the Texas legislature. Some believe that there are competing interests are at play—wind and solar energy versus oil and gas producers. Both are competing …
Offshore drilling contractor Pacific Drilling expects to emerge from Chapter 11 bankruptcy by year-end following the confirmation of its prearranged plan of reorganization by the U.S. court.
Pacific Drilling filed for Chapter 11 bankruptcy to eliminate $1.1 billion …
Company Also Pays Down Revolver and Adds Additional Oil Hedges
MIDLAND, Texas–(BUSINESS WIRE)– Ring Energy, Inc. (NYSEAM: REI) (“Ring” or the “Company”) announced today the results of its fall 2020 redetermination of its $1 billion senior revolving credit facility (“Credit …
A Federal High Court in Abuja has rejected moves by the Federal Government, Shell Nigeria Exploration, Nigeria Agip Exploration Company and others to prevent the hearing of a suit seeking to reclaim the Oil Prospecting License (OPL) 245 originally …
The Canadian government has launched a strategy that sees low-carbon and zero-emission hydrogen fuel technology as a key part of the nation’s path to net-zero carbon emissions by 2050. The strategy is underpinned by a federal investment of CAD1.5 …
Spot prices for liquefied natural gas (LNG) delivery in Asia jumped to a six-year high this week as lower-than-normal temperatures in key LNG importers and continued growth in China’s industrial activity boost demand.
Spot LNG prices for January …
HAMILTON, Bermuda, Dec. 18, 2020 (GLOBE NEWSWIRE) — TransAtlantic Petroleum Ltd. (TSX: TNP) (NYSE American: TAT) (the “Company” or “TransAtlantic”) today announced that the Company’s shareholders have approved the Agreement and Plan of Merger (the “Merger Agreement”), by and …
Work on expanding Canada’s Trans Mountain oil pipeline has halted for more than two weeks due to safety concerns, the government-owned corporation said.
Trans Mountain Chief Executive Ian Anderson cited multiple worker safety incidents during the past two …
Reuters
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 …
Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) today announced that it has entered into a definitive agreement to acquire Independence Resources Management, LLC (“IRM”), a privately held independent E&P company backed by Warburg Pincus, LLC and its affiliates …
The update from Dr. Dean Foreman, Chief Economist for the American Petroleum Institute, covers our world wide energy markets. Dean has worked at Saudi Aramco and ExxonMobil, and has seen just about everything. So when the world hits it's first
The leadership team from the Natural Resources Division at CAC Specialty stopped by for an update on what they are seeing in this difficult and trying market. Being a risk management company with knowledge, unapparelled expertise, and the ability to
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
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 …
“Our vision of
The Oil & Gas industry has had a major reset on almost every front in 2020. From investors, access to capital, lowering CapEx, low oil prices, high supply, and no demand. For energy sector investors, it has been a blood
