MEXICO CITY – Mexico’s oil output hit a record low in July at 1.605 million barrels per day (bpd), down slightly for both state-run Pemex and upstart private producers and putting the country’s oil patch on track for its …
Supercharging Technology and Scale in North American Pressure Pumping Liberty Oilfield…
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Michael starts by chatting energy technogly and shift away from E&P having internal teams to handle all things tech. Then they dive into the stories for the week, levels for crude oil and the 360 official non official fund.
Houston, 31 August (Argus) — Motiva began restarting the largest US refinery over the weekend as the western US Gulf coast continued recovery from Hurricane Laura’s destruction.
The company, Saudi Aramco’s US refining subsidiary, reported startup work on 29 …
The Organisation of Petroleum Exporting Countries (OPEC) at the weekend said it was going to explore the future of blue hydrogen, digitalisation in the energy sector and cyber security and blockchain technology.
Its Secretary-General Mohammad Barkindo, said …
Even though Hurricane Laura has moved from the Gulf of Mexico onto the mainland, almost 70 per cent of U.S. oil production remains shut-in.
The U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Sunday that it …
The economic impacts of the pandemic and ensuing recession in the first half of 2020 are not yet entirely clear. Capital markets are showing signs of recovery, but consumer demand will likely lag for
The U.S. Justice Department has seized three websites used by Iranian fuel traders, which are accused of being used as front companies for arranging a multimillion-dollar fuel shipment by the Islamic Revolutionary Guard Corps (IRGC) to Venezuela.
The …
Bloomberg
Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom’s official news agency reported, citing Energy Minister Prince Abdulaziz bin Salman.
Gas has started flowing from Hadabat Al-Hajara field near the Iraqi border …
The 360 Hall Pass Friday - All time highs again - energy was up - Fed is managing inflation with low interest, and consumer spending was up. nternational News Desk: Great podcast talking about Novatek LNG shipments to UAE, and
California on Thursday approved a $437 million effort to build thousands of electric vehicle chargers, its utility regulator said, calling it the nation’s largest ever utility program to expand charging infrastructure.
The money will go to utility Southern California …
The energy industry is assessing damage caused by storm surges and high winds as Hurricane Laura cut a dangerous path across the coastlines of Texas and Louisiana, making landfall early Thursday.
Oil and gas producers evacuated platforms and …
NEW YORK/SINGAPORE – Oil and gas exports from the United States have been severely disrupted by Hurricane Laura, with nearly a million barrels per day (bpd) of crude exports likely reduced this week by closures of U.S. Gulf Coast …
This week’s Baker Hughes rig count shows that U.S. had no change over last week, resulting in a total count of 254 rigs. Canada had a decrease of 2 over last week, resulting in a total …
Wild day - Walmart and Microsoft looking to buy TickToc - Michael says you will have to film your dance into Walmart, oil is not down even with the hurricane. We rant about hypocrisy in Illinois - closing down 2
The energy industry braced for catastrophic storm surges and winds as Hurricane Laura cut a dangerous path across the coastlines of Texas and Louisiana, making landfall early Thursday.
Oil and gas producers evacuated platforms and rigs in …
NEW YORK – The U.S. Army Corps of Engineers on Wednesday asked an appeals court to reverse a ruling which scrapped an environmental permit that allows the Dakota Access crude oil pipeline to operate on U.S. land.
Earlier this …
SINGAPORE – Loadings of liquefied natural gas (LNG) cargoes from the United States are expected to be delayed as a powerful storm strikes at the heart of the U.S. oil and gas industry on the Gulf Coast, forcing several …
LONDON – Oil prices fell on Thursday as a massive hurricane in the Gulf of Mexico made landfall in the heart of the U.S. oil industry, forcing oil rigs and refineries to shut down.
Brent crude LCOc1 futures for …
NEW YORK – Refiners have always produced fuel using crude oil. Now some are using grease.
A slump in demand for gasoline since the onset of the coronavirus pandemic has several refining companies accelerating their plans to retrofit facilities …
Tech stocks are going wild, talks about inflation could effect items, and 2 huricanes - Prices are not effected, but we are watching the damage. The International News Desk: Russia and India signing a deal for $40 Billion worth of
HOUSTON – The U.S. energy industry on Tuesday was preparing for a major hurricane strike, cutting crude production at a rate approaching the level of 2005’s Hurricane Katrina and halting oil refining at plants along the Texas-Louisiana coast.
Officials …
DUBAI – The value of Saudi Arabia’s June oil exports was down 55% year on year, a drop of $8.7 billion, official data showed on Wednesday.
Compared with May, total exports – including non-oil exports of goods such as …
Whenever tropical storm systems enter the Gulf of Mexico, as two have this week, most of the focus related to reporting on the oil and gas industry tends to center on efforts by offshore producers to evacuate and secure …
LONDON – Oil edged up towards $46 a barrel on Wednesday, close to its highest since March, lifted by U.S. producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura and a report showing a …
The Trump administration will resume its oil and gas leasing program on Wednesday with a large sale of acreage in three states, ending a five-month pause due to the coronavirus pandemic and a crash in oil prices.
The sale …
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.7 million barrels from the previous week. At 507.8 million barrels, U.S. crude oil …
Delhi, 26 August (Argus) — India’s federal government and some state governments plan to extend a five-month Covid-19 lockdown, possibly by another month, with infection rates in the country rising the fastest in the world.
The western state of …
Two U.S. shale oil producers, Pioneer Natural Resources Co and Parsley Energy Inc, are planning to trim staff in coming days, people familiar with the matter said on Monday, after each posted large second-quarter losses.
The cost cuts are …
