U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 8.5 million barrels from the previous week. At 424.2 million barrels, U.S. crude oil …
LONDON – Oil jumped almost 5% on Wednesday after plunging nearly 10% in the last two sessions, buoyed by supply concerns as flows of Russian gas to Europe fell and the European Union worked on gaining support for a …
Canadian oil and gas producer Suncor Energy, which is under pressure from an activist investor firm, on Tuesday said it is making progress on safety and operational improvements after posting stronger-than-expected first-quarter results.
Elliott Management last month publicly called …
(Bloomberg) — Equinor ASA sold assets in the North Sea for $1 billion as it seeks to benefit from high oil prices and redirect proceeds to other core businesses.
Norway’s largest energy company offloaded its entire share in …
LONDON – Deals in which oil and gas assets move from companies with climate goals to companies without such goals are on the rise, according to a study by the U.S. non-governmental organisation Environmental Defense Fund.
A company …
Last week, offshore energy professionals from around the world convened at the 2022 Offshore Technology Conference (OTC) at NRG Park to discuss the latest advancements in the offshore oil and gas industry, while touting the role that the …
Retail gasoline prices in the United States rose on Tuesday and hit another all-time record, surpassing one set in March, as global refineries grappled with a bottleneck that has sent prices soaring ahead of driving season.
The average cost …
LONDON: Oil prices fell in volatile trade on Tuesday as the market balanced impending European Union sanctions on Russian oil with demand concerns related to coronavirus lockdowns in China, a strong dollar and growing recession risks.
Brent crude was
(Bloomberg) — Big Oil is raking in historic amounts of cash, but the windfall isn’t being invested in new production to help displace Russian oil and gas. Instead, executives are rewarding shareholders — setting the world up for …
BRUSSELS – The European Union executive wants to speed up the bloc’s green transition and cut its reliance on Russian fuels by allowing some renewable energy projects to receive permits within a year, a draft document shows.
Brussels …
The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, leaving them scrambling to match with releases of their own, according to two sources familiar with the …
The U.S. Department of Energy announced on Thursday it was taking its first steps to disburse more than $2.3 billion for carbon capture technology included in Biden’s Bipartisan Infrastructure Law, which the president signed in November, for carbon …
Oil prices slipped on Monday alongside equities and was weighed down by a strong dollar and demand concerns on the back of continued coronavirus lockdowns in China, the world top oil importer.
Brent crude fell 2.3%, or $2.61, to
(Bloomberg) — Devon Energy Corp., one of the biggest oil explorers in the Permian Basin, is getting into the sand business to combat rising costs.
The Oklahoma City-based company told investors of a new, so-called mobile frack-sand mine …
Building an offshore oil company from scratch as a secondary asset owner, by buying producing properties from the majors, is the way we started, said Talos Energy Founder, President and CEO Tim Duncan during a keynote presentation at …
LONDON: Oil prices jumped on Wednesday as the European Union, the world’s largest trading bloc, spelled out plans to phase out imports of Russian oil, offsetting demand worries in top importer China.
Brent crude futures rose $3.99, or 3.8%, …
The pandemic had a unique impact on the energy industry and will pave the path of the energy transition on its way to net zero emissions, Society of Petroleum Engineers President Kamel Ben-Naceur said during a keynote presentation …
U.S. crude oil stockpiles rose unexpectedly last week, while distillate and gasoline inventories dropped again as refiners continue to boost fuel exports to a world in need of supply, the Energy Information Administration said on Wednesday.
Crude inventories USOILC=ECI…
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.3 million barrels from the previous week. At 415.7million barrels, U.S. crude oil inventories …
EnerCom Denver – The Energy Investment Conference will celebrate its 27th year of bringing a broad group of public and private energy companies, energy analysts, industry leaders and investors to Denver, Aug. 7-10, 2022…
(Bloomberg) — Shale drillers Diamondback Energy Inc., Devon Energy Corp. and Coterra Energy Inc. are boosting dividends while keeping oil output flat despite pleas from President Joe Biden to increase supplies and help take some the edge off …
LONDON -BP reported its strongest operational performance in more than a decade on Tuesday on the back of rocketing oil prices that helped it step up share buybacks, even as a $24 billion writedown from exiting Russia led …
ApexBrasil, a Brazilian Trade and Investment Promotion Agency, is partnering with Brazil’s Energy Research Office (EPE), The Brazilian Petroleum and Gas Institute (IBP), The Brazilian National Agency of Petroleum, Natural Gas, and Biofuels (ANP), Petrobras, and the Federation …
U.S. natural gas surged Tuesday to the highest level in nearly 14 years as Russia’s invasion of Ukraine wreaks havoc on global energy markets.
Henry Hub prices jumped more than 9% to $8.14 per million British thermal units during …
(Bloomberg) — European Union energy ministers tried to project a united front Monday in rejecting Russia’s demands to buy gas in rubles as the bloc tries to prevent Vladimir Putin from sowing divisions in the bloc.
Despite signs …
Oil slipped Tuesday as concerns about the demand outlook due to prolonged Covid lockdowns in China outweighed support from a possible European oil embargo on Russia over its actions in Ukraine.
Beijing, reporting dozens of new cases daily, is …
(Bloomberg) — Exxon Mobil Corp. and Chevron Corp. will together give more cash to shareholders than they invest in oil and gas production this year even as political leaders call on the industry to increase output to help …
SEC extends comment period for proposed rules on climate-related disclosures, reopens comment periods for proposed rules regarding private fund advisers and regulation ATS
SEC.gov
At EnerCom Dallas, EnerCom hosted a panel discussion with Haynes Boone (legal), Moss Adams (accounting) and GeoPark (operator) about the SEC proposed environmental disclosure rules – Moss Adams – EnerCom Dallas. Sounds boring I know… but they cover …