Energy News

Source: Reuters

Massachusetts, Connecticut low-carbon fuel program draws industry ire- oil and gas 360

Reuters


NEW YORK – U.S. governors from Massachusetts and Connecticut announced their commitment to a low-carbon transportation program on Monday, but gasoline-related trade groups say it has flaws that will harm, rather than promote, use of fuels that produce fewer …

December 22, 2020 - 12:00 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Oil’s rally, fueled by vaccine progress, is running out of steam

Reuters


NEW YORK -The oil market has rallied almost 40% in the last two months, pushing benchmarks to nine-month highs, in a euphoric response to progress on COVID-19 vaccines that has investors thinking the end of the coronavirus pandemic is …

Bonanza Creek Energy Announces Results of Borrowing Base Redetermination

Bonanza Creek Energy Announces Results of Borrowing Base Redetermination

DENVER, Dec. 22, 2020 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE: BCEI) (the “Com…

December 22, 2020 - 10:19 am Closing Bell Story‎, Energy News, Finance, Press Releases
Source: Reuters

Oil drops as new coronavirus strain revives demand fears

Reuters


LONDON -Oil dropped towards $50 a barrel on Tuesday, adding to losses from the previous session, as a mutant variant of the coronavirus in Britain revived concerns over demand recovery.

Detection of the new variant prompted several countries to …

Source: Reuters

Analysis-U.S. shale oil just had its worst year and the pain could bleed into 2021

Reuters


HOUSTON/NEW YORK  – U.S. oil and gas shares and drilling activity are edging higher, but a disastrous year for the energy industry means the go-go days of the shale boom may be gone for good.

Deep spending cuts that …

BREAKING: Colorado School of Mines Joins EnerCom to Co-Host the Energy Venture Investment Summit – February 10-11, 2021!

BREAKING: Colorado School of Mines Joins EnerCom to Co-Host the Energy Venture Investment Summit – February 10-11, 2021!

Oil & Gas 360


Publisher’s Note: The Energy Venture Investment Summit, on February 10-11, 2021. Please register Here to join us in February!

Due to the pandemic, the conference will be hosted virtually on EnerCom’s proprietary energy news platform, Oil

December 21, 2020 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC25
Source: Reuters

Trump administration cuts size of Arctic land offered for oil auction

Reuters


ANCHORAGE, Alaska – In a last-minute change, the Trump administration cut about 30 percent of the Arctic National Wildlife Refuge territory that it plans to auction off for oil exploration.

The decision was announced late Friday by the Bureau …

December 21, 2020 - 3:30 pm Arctic, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Analysis-Climate could pay the price as Europe’s nuclear plants age

Reuters


LONDON – Nuclear power capacity able to supply roughly 60 million homes is scheduled to close this decade as utilities struggle to replace northwest Europe’s ageing reactors, raising the risk of higher carbon emissions as fossil fuels plug the …

Source: Reuters

Diamondback Energy, Inc. to acquire QEP Resources in all-stock transaction

Oil and Gas 360


MIDLAND, Texas, Dec. 21, 2020 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) and QEP Resources (NYSE: QEP) (“QEP”) today announced that they have entered into a definitive agreement under which Diamondback …

Source: Reuters

Shell to write down assets again, taking cuts to more than $22 billion

Reuters


LONDON – Royal Dutch Shell on Monday said it will write down the value of oil and gas assets by $3.5 billion to $4.5 billion following a string of impairments this year as it adjusts to a weaker outlook.…

Source: Reuters

Oil tumbles as new virus strain revives demand fears

Reuters


LONDON -Oil prices tumbled on Monday as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked worries about a slower recovery in fuel demand.

Brent crude was down …

Source: Reuters

Russia to U.S. President-elect: don’t upset the oil market

Reuters


MOSCOW – Russia hopes the incoming administration of U.S. President-elect Joe Biden will not derail producer nations’ action to boost oil markets, Russia’s Deputy Prime Minister Alexander Novak said on Monday.

Russia, other leading oil producers and the Organization …

December 21, 2020 - 9:30 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
The Energy Venture Investment Summit: REGISTER: See you on February 10-11, 2021!

The Energy Venture Investment Summit: REGISTER: See you on February 10-11, 2021!

Oil & Gas 360


Publisher’s Note: The Energy Venture Investment Summit, on February 10-11, 2021. Please register to join us in February!

Due to the pandemic, the conference will be hosted virtually on EnerCom’s proprietary energy news platform, Oil &

December 18, 2020 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC25
Source: Reuters

A new University of Wyoming study details the economic effects of a Biden-Harris Administration leasing and drilling ban on Federal lands

Oil and Gas 360


Publisher’s Note: A New University of Wyoming Study Details the Economic Effects of a Biden-Harris Administration Leasing and Drilling Ban on Federal Lands.  

Authored by Dr. Timothy Considine, a Professor of Energy Economics with the School

December 18, 2020 - 3:35 pm Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
FILE PHOTO: A general view of Tesoro's Los Angeles refinery in Los Angeles, California October 10, 2014. REUTERS/Lucy Nicholson

U.S. shale oil output to drop 136,000 bpd to 7.44 million bpd in Jan – EIA

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 Announces Significant Midland Basin Acquisition

Earthstone Energy Announces Significant Midland Basin Acquisition

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 Energy Venture Investment Summit: SAVE THE DATE: See you on February 10-11, 2021!

The Energy Venture Investment Summit: SAVE THE DATE: See you on February 10-11, 2021!

Oil & Gas 360


Publisher’s Note: SAVE THE DATE! The Energy Venture Investment Summit, on February 10-11, 2021. Please register to join us in February!

Due to the pandemic, the conference will be hosted virtually on EnerCom’s proprietary energy news

December 17, 2020 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC25
Exclusive 360 Energy Expert Network Video Interview: Dr. Dean Forman, API – All things considered, the bulls are ready to run in 2021-2022

Exclusive 360 Energy Expert Network Video Interview: Dr. Dean Forman, API – All things considered, the bulls are ready to run in 2021-2022

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

Source: Reuters

Investors turn bullish on pandemic-hit North America oil stocks

Reuters


WINNIPEG/TORONTO – Shares of North America’s hard-hit oil and gas producers are climbing sharply as investors bet COVID-19 vaccine rollouts will ease the pandemic’s travel restrictions and revive fuel demand.

The gains, which have pushed the Canadian Energy Sector …

Source: Reuters

Canada unveils hydrogen strategy to kick-start clean fuel industry

Reuters


CALGARY, Alberta -Canada unveiled a long-discussed hydrogen strategy on Wednesday, calling on investors to spur growth in a clean fuel sector that the government says could be worth C$50 billion ($39.2 billion), create 350,000 jobs and help the country …

Biden’s expected Energy Department pick, Granholm, could lead charge on electric cars

Biden’s expected Energy Department pick, Granholm, could lead charge on electric cars

Reuters


WASHINGTON/DETROIT – When Jennifer Granholm was governor of auto-manufacturing Michigan, she led a charge that secured a whopping $1.35 billion in federal funding for companies to make electric cars and batteries in her state.

Biden's expected Energy Department pick, Granholm, could lead charge on electric cars- oil and gas 360

As President-elect Joe Biden’s expected …

December 17, 2020 - 1:00 pm Closing Bell Story‎, Energy News, People
Source: Reuters

U.S. throws weight behind construction of EastMed gas pipeline

Reuters


ATHENS – The United States is backing the construction of a subsea pipeline that would supply Europe with natural gas from the eastern Mediterranean, U.S. Energy Secretary Dan Brouillette said on Thursday.

Greece, Cyprus and Israel have approved an …

December 17, 2020 - 12:00 pm Closing Bell Story‎, Energy News, Natural Gas News, Pipeline News
Source: Reuters

Oil prices hit nine-month high after inventory draw

Reuters


SINGAPORE/LONDON – Oil climbed to a nine-month high on Thursday after government data showed a fall in U.S. crude stockpiles last week, while progress towards a U.S. fiscal stimulus deal and strong Asian demand also buoyed prices.

The U.S. …

December 17, 2020 - 11:00 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

BP takes majority stake in U.S. carbon offset firm Finite Carbon

Reuters


LONDON  – BP has acquired a majority stake in the largest U.S. carbon offset developer, Finite Carbon, the oil major said on Wednesday, as part of its climate goals and to develop a new revenue stream.

BP and other …

Source: Reuters

Ban on federal drilling leases would cost eight U.S. states billions, study finds

Reuters


A ban on new oil and gas drilling leases on federal lands would cost eight Western states $8.1 billion in tax revenue and $34.1 billion in investment in the next five years, according to a study released on Tuesday …

Source: Reuters

Brent oil hovers around $50/bl on vaccine optimism and weaker dollar

Reuters


LONDON -Oil prices edged lower on Wednesday after a surprise gain in U.S. crude inventories and tighter coronavirus lockdowns in Europe but a weakening dollar and progress on the rollout of COVID-19 vaccines offered support.

Brent crude futures were …

The Energy Venture Investment Summit: SAVE THE DATE: See you on February 10-11, 2021!

The Energy Venture Investment Summit: SAVE THE DATE: See you on February 10-11, 2021!

Oil & Gas 360


Publisher’s Note: SAVE THE DATE! The Energy Venture Investment Summit, on February 10-11, 2021. Registration opening soon. Please join us in February!

Due to the pandemic, the conference will be hosted virtually on EnerCom’s proprietary energy

December 15, 2020 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC25
Source: Reuters

Vaccine impact on moribund oil demand is several months away – IEA

Reuters


LONDON – The roll-out of vaccines this month to combat the coronavirus pandemic will not quickly reverse the destruction wrought on global oil demand, International Energy Agency (IEA) warned on Tuesday.

“The understandable euphoria around the start of vaccination …

EnerCom’s The Oil & Gas Conference SAVE THE DATE: Live in Denver August 15-18, 2021!

EnerCom’s The Oil & Gas Conference SAVE THE DATE: Live in Denver August 15-18, 2021!

The Oil & Gas Conference


Publisher’s Note: SAVE THE DATE: Live in Denver!  EnerCom’s The Oil & Gas Conference at the Westin Denver Downtown August 15-18, 2021. 

 

 

EnerCom's The Oil & Gas Conference SAVE THE DATE: Live in Denver August 15-18, 2021!- oil and gas 360

 

2020 Sponsors:

Netherland, Sewell & Associates (NSAI) ,  ENVERUS,  …

December 15, 2020 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC25
Source: Reuters

U.S. shale oil output to drop 136,000 bpd to 7.44 million bpd in Jan – EIA

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 …