Energy News

-360 Digital Closing Bell 7-7-2020

-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

Haynes and Boone Replay: Weekly Energy Tracker Call  07-07-2020

Haynes and Boone Replay: Weekly Energy Tracker Call 07-07-2020

Oil and Gas 360


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

Source: Reuters

Exclusive: Russia’s Rosneft to buy a drilling business from IDS: letter

Reuters


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 …

Source: Reuters

Iran’s oil storage almost full as sanctions and pandemic weigh

Reuters


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, …

Source: Reuters

Write-downs put spotlight on energy majors’ scattered oil price outlooks

Reuters


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. natgas output drops by record amount after West Virginia pipe shuts

Reuters


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 …

July 7, 2020 - 10:30 am Closing Bell Story‎, Energy News, Natural Gas News

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 …

July 7, 2020 - 6:23 am Energy News, Press Releases
360 Energy Expert Network Preview: Allen Gillmer

360 Energy Expert Network Preview: Allen Gillmer

Oil and Gas 360


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.

 

 

360 Energ360 Energy Expert Network Preview: Allen Gillmer- oil and gas 360

 

360 Energy Expert Network Preview: Allen Gillmer- oil and gas 360

About Enverus:

In

Source: Reuters

Oil producers will fight for market share as consumption growth slows: Kemp

Reuters


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 …

Source: CNBC

Court orders Dakota crude pipeline shutdown, in win for Native American tribes in long-running saga

CNBC


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

Oil mixed on tighter supply, surge in U.S. virus cases

Reuters


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

U.S. natural gas exports to Mexico set to rise with completion of the Wahalajara system

EIA


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
Featured Thumbnail

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

-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

Source: Reuters

Pandemic hastens threat of closure for struggling oil refineries

Reuters


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 …

Source: CNBC

Oil prices rise on drop in U.S. unemployment, crude stockpiles

CNBC


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 …

Source: CNBC

Oil demand to return to pre-pandemic levels by 2022, Goldman says, but unlikely to peak this decade

CNBC


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.

July 2, 2020 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, Finance
Source: Reuters

Exxon signals second quarterly loss in a row on production, refining hits

Reuters


HOUSTON – Exxon Mobil Corp’s (XOM.N) oil and gas producing and refining businesses will report operating losses in the second quarter, it said in a regulatory filing on Thursday, setting the stage for the company to post …

Source: Fox Business

US negotiates North American rival to OPEC as Trump trade deal takes effect

FOXBusiness.com


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

Source: Reuters

Traders thought Apple had ‘the holy grail’ of oil data, but the quest continues

Reuters


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

Half-year discoveries total 4.9 billion boe, lowest of the century

Oil&Gas


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 …

Source: Reuters

Sasol to sell Escravos gas-to-liquids plant to Chevron

Reuters


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 …

Source: NPR

U.S. oil M&A activity rises in second quarter on Appalachian gas deals: Enverus

Reuters


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.…

Source: Reuters

Oil barrels come off the water as storage boom at sea fades

Reuters


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 …

Source: CNBC

Oil prices just had their best quarter in 30 years — what’s next?

CNBC


Oil prices registered their best quarterly performance in 30 years during the three months through to the end of June, staging a dramatic comeback after falling to record lows in April.

Brent crude futures skyrocketed more than 80% in …

Source: Reuters

Oil rises on signs of economic recovery, but new infections loom

Reuters


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 Amin Nasser said that "the worst is behind us" for oil markets, in a recorded interview at CERAWeek.

Saudi Aramco CEO says the ‘worst is behind us’ for oil markets

Oil & Gas


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

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

Haynes and Boone Replay: Weekly Energy Tracker Call 06-30-2020

Oil and Gas 360


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 …

Source: Reuters

Oil prices set for modest recovery on OPEC+ cuts, improving demand: Reuters poll

Reuters


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 …