Across the country, utilities are retrofitting aging wind farms to qualify for a federal tax credit set to expire this year.
Oil & Gas 360 Publishers Note: The WSJ video has some excellent points, but does have some
Energy News
Exclusive: OPEC+ needs to fix daily oversupply of more than two million barrels, document shows
MOSCOW/DUBAI/LONDON – Some members of the OPEC+ group of oil-producing nations would need to slash output by an extra 2.31 million barrels per day (bpd) to make up for their recent oversupply, an internal OPEC+ report seen by Reuters …
Oil drops as demand risk rises, U.S. stockpiles fall less than expected
Oil prices fell on Thursday as major producers warned of a risk to demand recovery if the coronavirus crisis is prolonged, while U.S. crude inventories dropped less than expected.
Brent crude was down 47 cents, or 1%, at $44.90 …
North Dakota crude oil production fell in May beyond natural declines
Between December 2019 and May 2020, crude oil output in North Dakota fell from an average of 1.5 million barrels per day (b/d) to 0.9 million b/d, a decline of more than 615,000 b/d (41.6%). This production decline is …
EnerCom’s The Oil & Gas Conference SAVE THE DATE: See you live in Denver August 15-18, 2021!
Publisher’s Note: SAVE THE DATE! At the Westin Denver Downtown August 15-18, 2021. See YOU next year!
You can watch the replay of presentations for this year at The Oil & Gas Conference and on
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Why Warren Buffett is betting on energy pipelines even as climate fears, and renewables, are rising
With the coronavirus pandemic slashing demand for the oil and gas that has been booming in the U.S. shale during the past decade, energy pipeline development has stalled. The midstream portion of the energy complex, as it is known,
U.S. weighs more sanctions on Venezuela to halt fuel deals: Bloomberg
The administration of U.S. President Donald Trump is weighing additional sanctions on Venezuela aimed at halting the remaining fuel transactions permitted with the Latin American country, Bloomberg reported late on Tuesday.
The step could target crude swaps with companies …
Options trader bets nearly $500,000 on a big turnaround for one energy name
It’s no secret how hard integrated oil names have been hit this year due to the global economic consequences of the coronavirus pandemic, and Occidental Petroleum has been among the worst hit of all the companies in the …
United States Oil Fund gets Wells notice from SEC
The United States Oil Fund LP, the country’s largest crude exchange-traded fund, said on Wednesday it received a Wells notice from the U.S. Securities and Exchange Commission.
The Wells notice states that SEC staff have made a preliminary determination …
Oil slips as demand worries outweigh U.S. stocks draw
TOKYO/LONDON – Oil prices eased on Wednesday on concerns U.S. fuel demand will face a slow recovery amid stalled talks on an economic stimulus package and despite support from a bigger-than-expected drawdown in U.S. crude stocks.
Brent crude futures …
OPEC+ meets to review compliance with oil cuts
DUBAI/LONDON/MOSCOW – OPEC oil producers and allies such as Russia, a grouping dubbed OPEC+, meets on Wednesday to review compliance with oil cuts meant to support oil prices amid the coronavirus pandemic.
OPEC+ is unlikely to change its output …
EnerCom’s The Oil & Gas Conference is on Day 3, you can still register to attend! Please join us.
Publisher’s Note: You can still join us on Day 3! Please register at The Oil & Gas Conference. Some of our presenters today are Cimarex Energy, DCP Midstream, Ring Energy, Core Laboratories, PetroTal, Pipestone
…EnerCom’s The Oil & Gas Conference is now LIVE, you can still register to attend!
Publisher’s Note: You can still join us! Please register at The Oil & Gas Conference.
Unprecedented times call for unprecedented solutions, this year’s conference will be the firs digital conference in our 25 years …
EnerCom’s The Oil & Gas Conference is now LIVE, you can still register to attend!
Publisher’s Note: You can still join us! Please register at The Oil & Gas Conference.
Unprecedented times call for unprecedented solutions, this year’s conference will be the firs digital conference in our 25 years …
Haynes and Boone Replay: Weekly Energy Tracker Call 08-18-2020
Weekly Energy Tracker Call (08/18/20): The Oil & Gas Conference Edition
Haynes and Boone, AEGIS and EnerCom welcome you to a weekly series of webex meetings to discuss business and legal issues erupting in the …
PetroTal announces second quarter 2020 financial and operating results
Oil and Gas 360
Publisher’s Note: PetroTal is presenting at The Oil & Gas Conference tomorrow at 1:10 p.m. (MST). You can still register to attend the conference.
Calgary, Alberta and Houston, Texas–(Newsfile Corp. – August 17, 2020) – PetroTal …
What should oil companies do with their cash?
After the oil industry’s worst quarter in history, companies are taking a variety of approaches towards their finances, and getting a variety of advice and criticism from the pundits and media. Saudi Aramco’s decision to maintain its dividend has …
Total halts North Sea oil platform work after Greenpeace protest
Total has halted operations at its Dan Bravo oil production platform in the Danish North Sea, the French company said on Tuesday, after Greenpeace activists climbed aboard to protest future oil and gas exploration.
Four Greenpeace activists swam 500 …
California hopes to avoid outages again during heat wave, prices hit records
Power prices in the U.S. West soared to record highs for a second day during a brutal heat wave as California utilities urged consumers to keep conserving energy to avoid more rotating outages with demand expected to hit an …
Range announces cash tender offer for up to $400 million aggregate principal amount of certain of its outstanding debt securities
FORT WORTH, Texas, Aug. 18, 2020 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) (“Range” or the “Company”) announced today the commencement of cash tender offers (the “Tender Offers”) to purchase up to $400 million aggregate …
In the run-up to U.S. election, drilling lobby promotes natural gas as ‘clean’
WASHINGTON/LONDON – America’s biggest oil and gas lobby group is ramping up its advertising spending ahead of the November election to persuade voters that natural gas is a climate-friendly fuel, according to ad buying data.
The campaign by the …
EnerCom’s The Oil & Gas Conference is now LIVE, you can still register to attend!
Publisher’s Note: You can still join us! Please register at The Oil & Gas Conference.
Unprecedented times call for unprecedented solutions, this year’s conference will be the firs digital conference in our 25 years …
Trump weighs Arctic National Wildlife Refuge oil drilling in Alaska
WASHINGTON – U.S. President Donald Trump on Monday said his administration was considering whether to allow oil drilling in Alaska’s Arctic National Wildlife Refuge, a 19 million acre (7.7 million hectares) refuge that has been off-limits to drilling for …
Shale driller Chaparral Energy files for bankruptcy due to pandemic woes
Oklahoma shale driller Chaparral Energy Inc filed for Chapter 11 bankruptcy protection on Sunday, the latest U.S. energy sector casualty in recent months as COVID-19 crushes oil demand.
The company’s assets and liabilities were in the range of $500 …
Saudi Arabia and Jordan sign electricity deal
Arab News
The MoU comes from the goodwill of the leadership of both countries, which aims to strengthen the solid ties that bind them together: Prince Abdul Aziz bin Salman, Saudi minister of energy
RIYADH: Saudi Arabia and Jordan have …
West Africa needs enabling climate to exploit significant gas potential
Oil and Gas Publishers Note: The low cost of kWh to all of the African people regardless of income or country. Some countries and major energy companies are poised to take advantage of the African people. Gaining control …
Chevron, Total others slash production, cut assets by $50bn
The world’s five largest oil production companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and slashed production rates as the COVID-19 pandemic caused a drastic fall in fuel prices and demand.…
Aramco spending to be significant despite revisions, says MEED
Following the news that Saudi Aramco recorded a 73.2% fall in its Q2 profits to $6.6bn, down from the $24.7bn in the same period last year; Indrajit Sen, Oil & Gas Editor at GlobalData’s MEED, offers his
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Given Strain on Power Grid During Excessive Heat, PG&E Begins Rotating Power Outages at Direction of State Grid Operator
Outages Expected to Affect Approximately 200,000-250,000 Customers in Rotations of About On…
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