-360 Digital Closing Bell 7-7-2020
Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 8 min summary of the energy markets.
Michael covers the highlights , gas up, and the majors are going to be
Energy News
Haynes and Boone Replay: Weekly Energy Tracker Call 07-07-2020
Weekly Energy Tracker Call (07/07/20)
Haynes and Boone, AEGIS and EnerCom welcome you to a weekly series of webex meetings to discuss business and legal issues erupting in the oil and gas world.
Replay: Weekly …
Exclusive: Russia’s Rosneft to buy a drilling business from IDS: letter
MOSCOW – Rosneft is set to buy a drilling business from IDS Group, a letter to IDS staff seen by Reuters showed, as the Russian oil giant continues its push into oilfield services to help reduce costs.
The letter …
Iran’s oil storage almost full as sanctions and pandemic weigh
LONDON – Iran has slashed crude oil production to its lowest level in four decades as storage tanks and vessels are almost completely full due to a fall in exports and refinery run cuts caused by the coronavirus pandemic, …
Write-downs put spotlight on energy majors’ scattered oil price outlooks
LONDON – A series of huge write-downs among energy majors triggered by lower assumptions for future oil prices has put a spotlight on the sector’s scattered price outlooks.
On Monday, Eni announced a 3.5 billion euro ($3.95 billion) impairment …
U.S. natgas output drops by record amount after West Virginia pipe shuts
U.S. natural gas production was on track to drop by a record amount on Tuesday to its lowest since September 2018 due in part to unplanned work on TC Energy Corp’s Mountaineer Xpress pipeline in West Virginia, according to …
CEO’s & Executives from Snam, Carbon Trust and United Nations PRI and more on Building Back Better
LONDON – In case you missed it – – Reuters Events – today announced the launch of their Virtual Build Back Better Symposium: Climate Crisis, Oil Price & Covid-19 (9th July, 14:00-17:00 BST), to explore how industry can ensure …
360 Energy Expert Network Preview: Allen Gillmer
Publisher’s Note: JOIN US on Tuesday, July 7, 2020 on The 360 Energy Expert Network to watch our exclusive interview with Allen Gillmer, Founder and Board Member of ENVERUS.
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Oil producers will fight for market share as consumption growth slows: Kemp
LONDON – Petroleum consumption growth has been slowing for decades and the industry shows increasing signs of maturity, which will have profound implications for the business strategies of oil-producing companies and countries.
Slower growth will intensify intra-company and …
Court orders Dakota crude pipeline shutdown, in win for Native American tribes in long-running saga
A district court ruled Monday the Dakota Access Pipeline must shut down within 30 days, by August 5, according to a copy of the brief obtained by USA Today.
The U.S. District Court for the District of Columbia scrapped …
Oil mixed on tighter supply, surge in U.S. virus cases
LONDON – Oil prices were mixed on Monday, with Brent crude edging higher on tighter supplies and positive economic data, while U.S. benchmark WTI futures dropped on concern that a spike in coronavirus cases could curb fuel demand in …
U.S. natural gas exports to Mexico set to rise with completion of the Wahalajara system
Oil & Gas 360 Publishers Note: This is fantastic. Exporting and trading with Mexico and Canada is better for our neighbors and the United States.
Exports of natural gas by pipeline are the largest component of U.S. natural gas …
Duke Energy reaffirms capital investments in renewables and grid projects to deliver cleaner energy, economic growth
CHARLOTTE, N.C. , July 5, 2020 /PRNewswire/ — Duke Energy (NYSE: DUK) today said that th…
…-360 Digital Closing Bell 7-2-2020
Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 8 min summary of the energy markets.
Have a safe and Happy 4th of July
Michael covers the highlights and the
Pandemic hastens threat of closure for struggling oil refineries
LONDON/NEW YORK – The collapse in oil demand from the COVID-19 pandemic is hastening the reckoning for those refiners already struggling as new capacity overtakes demand, posing an existential threat to many, particularly Europe’s ageing plants.
Even before the …
Oil prices rise on drop in U.S. unemployment, crude stockpiles
Oil prices rose on Thursday after data showed a fall in U.S. unemployment and a sharp drop in crude stockpiles, although concerns that a spike in U.S. coronavirus infections could stall a recovery in fuel demand kept gains in …
Oil demand to return to pre-pandemic levels by 2022, Goldman says, but unlikely to peak this decade
Analysts at Goldman Sachs expect global oil demand to return to pre-pandemic levels by 2022, citing a pick-up in commuting, a shift to private transportation and higher infrastructure spending.
In a research note published Thursday, analysts at the U.S.
US negotiates North American rival to OPEC as Trump trade deal takes effect
Publisher’s Note: Much to the irritation of OPEC and world-wide national oil states, American innovations in hydraulic fracturing, horizontal drilling and seismic technology have all contributed to the Shale Revolution and has enabled the US energy industry to become
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Traders thought Apple had ‘the holy grail’ of oil data, but the quest continues
NEW YORK – Every day, energy merchants collect and scrutinize whatever information they can find on fuel demand to get a trading edge: from satellite data tracking oil tankers worldwide to thermal images from cameras on pipelines and storage …
Half-year discoveries total 4.9 billion boe, lowest of the century
The resource volumes were 42% lower and the number of discoveries was down by 31% compared to the same period in 2019
Global discoveries of conventional resource volumes reached just 4.9 billion barrels of oil equivalent (boe) in the …
Sasol to sell Escravos gas-to-liquids plant to Chevron
South African petrochemicals giant Sasol said on Wednesday it would sell its indirect interest in the Escravos gas-to-liquids (EGTL) plant in Nigeria to Chevron for an undisclosed sum.
The world’s top manufacturer of motor fuel from coal said it …
U.S. oil M&A activity rises in second quarter on Appalachian gas deals: Enverus
Dealmaking activity in the U.S. oil patch improved in the second quarter, after a subdued start to the year, helped by deals targeting assets in the gas-rich Appalachian region, according to data from oil and gas analytics firm Enverus.…
Oil barrels come off the water as storage boom at sea fades
LONDON – Tens of millions of barrels of crude and oil products stored on tankers at sea due to the coronavirus crisis are being sold, in a sign fuel demand is recovering as lockdowns ease, shipping sources say.
Fuel …
Oil rises on signs of economic recovery, but new infections loom
LONDON – Oil prices rose on Wednesday on a string of positive manufacturing data and a drawdown in U.S. crude inventories, both indicating an economic recovery, however, fears of surging coronavirus infections capped the gains.
Brent crude LCOc1 was …
Saudi Aramco CEO says the ‘worst is behind us’ for oil markets
Amin Nasser is optimistic about the second half of the year, and credited IKTVA and previous attacks on Aramco helped it build resilience before the pandemic
Saudi Aramco CEO Amin Nasser said that “the worst is behind …
360 Digital Closing Bell 6-30-2020
Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 8 min summary of the energy markets.
Michael covers the highlights and the Chesapeake bankrupt updates. We have Dan Genovese, Director, Consulting
Haynes and Boone Replay: Weekly Energy Tracker Call 06-30-2020
Weekly Energy Tracker Call (06/30/20)
Haynes and Boone, AEGIS and EnerCom welcome you to a weekly series of webex meetings to discuss business and legal issues erupting in the oil and gas world, including bankruptcy …
Oil prices set for modest recovery on OPEC+ cuts, improving demand: Reuters poll
Oil prices will consolidate at around $40 a barrel this year, with a recovery gaining steam in the fourth quarter and into 2021 on OPEC-led production cuts and as economies limp back from coronavirus lockdowns, a Reuters poll showed …
