Obsidian Energy Provides Corporate and Operational Update
CALGARY, AB, June 22, 2020 /PRNewswire/ – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to provide a corporate and …
CALGARY, AB, June 22, 2020 /PRNewswire/ – OBSIDIAN ENERGY LTD. (TSX: OBE) (OTCQX: OBELF) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) is pleased to provide a corporate and …
Oil & Gas 360 Publishers Note: One of the energy topics we are watching is energy storage. Storage is critical for renewable energy projects.
Energy storage investment fund Gore Street has reached a deal to acquire 100% of the 50MW …
Oil & Gas 360 Publishers Note: This is an excellent article pointing the simple fact that fossil fuels will not be going away anytime soon. Everyone likes to go on cruises and the ships are migrating to LNG. …
New Delhi: India’s crude oil imports in May fell 22.6% from a year earlier, it’s biggest drop since at least 2005, as fuel demand and refinery production was hurt by a country-wide lockdown to curb the spread of coronavirus…
LONDON – Oil prices are no longer particularly cheap by historical standards.
Perceptions about prices tend to be over-influenced by recent experience so current prices feel very low to producers used to receiving $60-80 per barrel over the 2018/19 …
U.S. imports of natural gas by pipeline at U.S.-Canada border crossings in the western United States fell to an estimated average of 6.2 billion cubic feet per day (Bcf/d) in April and 6.3 Bcf/d in May 2020, according to …
Oil & Gas Publishers Note: Have you ever been on a WWII submarine, or met one of the veterans that served on them? The diesel-electric hybrid submarines played a critical role in defeating the Axis Powers. I would love …
CHN
Oil & Gas Publishers Note: I applaud Prime Minister Modi for standing up for his commitment to the Indian people. Getting the lowest cost power to help elevate the country’s population out of poverty is truly putting his people …
The Trump administration has imposed sanctions against a shipping network of Mexican companies and nationals it accuses of working with the embattled government of Venezuelan President Nicolas Maduro to evade U.S. sanctions.
Three Mexicans, eight companies and two oil tankers …
Saudi Aramco maintained its pledge to make good on its dividend payments, saying Thursday that it would mobilize cash and debt to fulfill the $18.75 billion payouts for the first quarter of this year despite taking a hit from …
Oil & Gas 360 Publishers Note: To help understand the OPEC + members, take a look at the breakeven crude oil prices. Breakeven is is the fiscal breakeven, the minimum price that a country needs to receive per barrel …
JOHANESBURG, June 18, 2020 /PRNewswire/ — Sasol continues to make significant progress on the response plan measures announced on 17 March 2020 and 23 April 2020, to address the impacts of oil price volatility and the COVID-19 pandemic (COVID-19).…
NGO Forum on ADB, a network of over 250 civil society organizations across Asia calls out the Asian Development Bank (ADB) to end its green posturing and make real commitments towards a Paris aligned policy and appropriate clean energy …
Bloomberg
Oil & Gas 360 Publishers Note: We have been covering this story for weeks in our news desk and stories. This is one to watch.
BEIJING (Bloomberg) – Venezuela’s oil exports have collapsed since the U.S. placed sanctions on …
360 Feed Wire
Asker, Norway (17 June 2020) – TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, today announced that in collaboration with the ANPM, it has commenced a 2Dcubed seismic data project …
VANCOUVER, British Columbia and ANKARA, Turkey, June 16, 2020 (GLOBE NEWSWIRE) — Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTC: TCFF) (Frankfurt: 3P2N) is pleased to report that the Cendere Oil field has regained positive economics as …
Oil & Gas Publishers Note: ESG is one of, if not the biggest, impacts to capital in the energy markets. While consumers are asking for ESG solutions, not many fully understand what it means. Excellent article by Craig …
360 Feed Wire
Asker, Norway (15 June 2020) – TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, today announced the completion of its flagship Jaan 3D seismic survey covering the MSGBC Basin in NW …
Oil & Gas 360 Publishers Note: The United States could learn from India on getting pipelines approved through regulations. Great policies for affordable energy for the growing population.
New Delhi: In a bid to raise the share of …
Global electricity consumption continues to increase faster than world population, leading to an increase in the average amount of electricity consumed per person (per capita electricity consumption), according to the U.S. Energy Information Administration’s (EIA) International Energy Statistics. …
Bloomberg
LONDON- Iraq has asked BP to cut crude production at the nation’s biggest field of Rumaila by 10% as part of a push to comply with OPEC+ quotas, according to a person familiar with the matter, who asked not …
To boost the shift towards eco-friendly investment the EU is introducing rules to define what qualifies as green or sustainable activities.
During the June plenary session, MEPs will vote on a framework that determines which activities can be …
Rystad Energy
Following the publication of the upstream industry’s first quarter results, a Rystad Energy analysis reveals a gloomier investment-budget picture than previously thought. Global spending is now forecasted to reach $383 billion this year, the lowest level in 15 …
Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing.
The United States had imposed sanctions on Venezuela’s state-owned oil company as …
The mishandling of the biggest Arctic oil spill ever infuriated Russian President Vladimir Putin and could be the catalyst for adoption of modern environmental regulations.
MMC Norilsk Nickel PJSC, Russia’s biggest miner, didn’t make a public statement until two …
BEIRUT – Lebanon could have recently had an oil tanker seized by Eurobond holders because of its stinging debt crisis and the government was taking steps to avoid such risks in future, the energy minister said on Thursday.
Lebanon …
MOSCOW – Russia said on Thursday it had charged the head of the remote Arctic city of Norilsk with criminal negligence over what investigators said was his bungled response to a major environmental disaster.
Around 21,000 tonnes of diesel …