Energy News

Source: Reuters

Baytex Energy files 2020 year-end disclosure documents

CALGARY, Alberta, March 01, 2021 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex…

Source: Reuters

U.S. shale output won’t return to pre-pandemic levels: Occidental CEO

Reuters


NEW YORK  – The oil industry is recovering from a collapse in demand triggered by the coronavirus pandemic, but U.S. shale production will not recover to levels seen before the pandemic, Occidental Petroleum Chief Executive Vicki Hollub said on …

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

Oil and Gas 360


Private and Publicly traded energy companies, industry leaders and capital providers talk 2021 plans in Dallas and online. In 2021, EnerCom is launching its Environmental, Social and Governance Summit as a part of the EnerCom Dallas

March 1, 2021 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Oil executives say demand will rise, despite emphasis on renewables

Reuters


NEW YORK – Oil demand is expected to rise over the next decade and the fossil fuel will remain to be a crucial part of the energy mix, even as renewables draw increasing attention, Hess Corp Chief Executive John …

March 1, 2021 - 3:00 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Energy industry starting to recover, balance likely by 2022 – Baker Hughes CEO

Reuters


NEW YORK – The energy industry is already starting to recover from one the worst years in recent history after the coronavirus pandemic roiled global markets, Baker Hughes Chief Executive Lorenzo Simonelli said on Monday during CERAWeek by IHS …

Source: Reuters

Energy leaders grapple with climate targets at virtual CERAWeek

Reuters


NEW YORK – Global energy leaders and other luminaries like Microsoft co-founder Bill Gates bored in on the tough road to transforming world economies to a lower-carbon future at the kickoff of the all-virtual CERAWeek conference on Monday.

Within …

Source: Reuters

To go electric, America needs more mines. Can it build them?

Reuters


Last September, in the arid hills of northern Nevada, a cluster of flowers found nowhere else on earth died mysteriously overnight.

Conservationists were quick to suspect ioneer Ltd, an Australian firm that wants to mine the lithium that lies …

Source: Reuters

Texas electricity firm files for bankruptcy citing $1.8 billion in claims from grid operator

Reuters


HOUSTON- Texas’s largest and oldest electric power cooperative on Monday filed for bankruptcy protection in federal court in Houston, citing a disputed $1.8 billion bill from the state’s grid operator.

Brazos Electric Power Cooperative Inc, which supplies electricity to …

Oil rises on vaccine optimism, U.S. stimulus

Oil rises on vaccine optimism, U.S. stimulus

Reuters


LONDON – Oil prices rose on Monday, supported by optimism about COVID-19 vaccinations, a U.S. stimulus package and growing factory activity in Europe despite coronavirus restrictions.

Brent crude was up 34 cents, or 0.5%, at $64.76 a barrel by …

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

Oil and Gas 360


Private and Publicly traded energy companies, industry leaders and capital providers talk 2021 plans in Dallas and online. In 2021, EnerCom is launching its Environmental, Social and Governance Summit as a part of the EnerCom Dallas

February 26, 2021 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: CNBC

Texas freeze helps rival oil exporters like Saudi Arabia ‘tremendously,’ may influence OPEC decisions

CNBC


The shock winter storm in Texas that left millions without power and took dozens of lives also froze a major local commodity: the Lone Star State’s oil production, slashing some 4 million barrels per day from U.S. output.

The …

Source: CNBC

Human waste could soon be used to heat new homes in London

CNBC


New homes in London could soon be powered using excess heat recovered from sewage treatment in a project described as a “first of its kind” for England.

The collaboration between Thames Water and Kingston Council, toward the southwest of …

Source: Reuters

Germany says there is exchange with U.S. on Nord Stream 2

Reuters


BERLIN – There is an exchange between the U.S. government and Germany regarding the Nord Stream 2 pipeline to take Russian gas to Europe, a German government spokeswoman said on Friday without giving details.

Germany and Russia say Nord …

Source: Reuters

Oil set for steady gains as economies shake off pandemic blues

Reuters


Oil prices will stage a steady recovery this year as vaccines reach more people and speed an economic revival, with further impetus coming from stimulus and output discipline by top crude producers, a Reuters poll showed on Friday.

The …

Source: Reuters

Winners and losers in energy sector from Texas cold snap

Reuters


A winter storm that hit parts of the southern United States over the past week led several energy companies to report stronger-than-expected results after they were called on to provide more power at higher prices, while others faced millions …

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

Oil and Gas 360


Private and Publicly traded energy companies, industry leaders and capital providers talk 2021 plans in Dallas and online. In 2021, EnerCom is launching its Environmental, Social and Governance Summit as a part of the EnerCom Dallas

February 25, 2021 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Barclays lifts 2021 oil price outlook on tighter U.S. supply view

Reuters


Barclays raised its 2021 oil price forecast on Thursday, citing weaker than expected supply response from U.S. producers to higher prices and normalizing inventories after last week’s cold storm in Texas.

The bank increased its 2021 Brent crude oil

Source: Reuters

U.S. crude output falls 10%, refinery runs drop to 2008 low amid Texas freeze – EIA

Reuters


U.S. crude oil production dropped by more than 1 million barrels per day last week during Texas’s deep freeze, equalling the largest weekly fall ever, and refining runs tumbled to levels not seen since 2008, the Energy Information Administration …

February 25, 2021 - 2:00 pm Closing Bell Story‎, Crude Oil News, Downstream, Energy News
Source: Reuters

Blackstone-backed natural gas E&P Vine Energy refiles for an estimated $300 million IPO

Nasdaq


Vine Energy, a Blackstone-backed natural gas E&P operating in Louisiana’s Haynesville Basin, filed on Monday with the SEC to raise up to $100 million in an initial public offering. However, this is likely a placeholder for a deal that …

February 25, 2021 - 1:30 pm Capital Markets, Closing Bell Story‎, Energy News, Finance
ICE tells pricing agency Platts Brent oil market reform too fast

ICE tells pricing agency Platts Brent oil market reform too fast

Reuters


LONDON – ICE exchange, home of Brent oil futures trading, has put pressure on pricing agency Platts to postpone its physical Brent market reform, saying the market needs more time to consult and adjust the value of derivatives in …

Source: Reuters

Dow exec sees climate change as opportunity for petchem innovation

Reuters


SINGAPORE – Dow Inc is adjusting its carbon footprint and product slate to adapt to climate change and tap evolving consumption trends tied to the global energy transition, a senior executive said this week.

Dow has pledged to become …

Source: Reuters

Oil holds close to 13-month high, supported by sharp drop in U.S. output

Reuters


LONDON – Oil prices remained close to 13-month highs on Thursday, with profit-taking limited by an assurance that U.S. interest rates will stay low and a sharp drop in U.S. crude output last week due to the storm in …

Source: Reuters

Global LNG demand expected to almost double by 2040: Shell

Reuters


LONDON – Global liquefied natural gas (LNG) demand is expected to almost double to 700 million tonnes by 2040, Royal Dutch Shell said in its annual LNG market outlook.

Demand was 360 million tonnes last year, up slightly from …

February 25, 2021 - 10:00 am Carbon Capture, Closing Bell Story‎, Energy News, LNG
In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

Oil and Gas 360


Private and Publicly traded energy companies, industry leaders and capital providers talk 2021 plans in Dallas and online. In 2021, EnerCom is launching its Environmental, Social and Governance Summit as a part of the EnerCom Dallas

February 24, 2021 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Board of Petrobras approves shareholders’ meeting; end of the line for CEO

Reuters


RIO DE JANEIRO – The board of Brazilian state-run oil company Petrobras on Tuesday called an extraordinary shareholders’ meeting, a move that all but guarantees the exit of Chief Executive Roberto Castello Branco.

In a statement, Petroleo Brasileiro SA, …

Colombia’s Ecopetrol 2020 net profit down 87.3%, to invest up to $15 billion by 2023

Colombia’s Ecopetrol 2020 net profit down 87.3%, to invest up to $15 billion by 2023

Reuters


BOGOTA – Colombia’s majority state-run oil company, Ecopetrol, will make up to $15 billion of organic investment between 2021 and 2023, it said on Tuesday, as it reported an 87.3% drop in 2020 net profit.Colombia's Ecopetrol 2020 net profit down 87.3%, to invest up to $15 billion by 2023- oil and gas 360The company will invest …

Source: Reuters

Top executives of Texas electric grid resign after storm failure

Reuters


HOUSTON  – Top directors of Texas’s electric grid operator, who faced sharp criticism from a massive failure of the state power system that left millions last week without light, heat, and water, resigned on Tuesday.

The board’s chairman, vice …

February 24, 2021 - 1:30 pm Closing Bell Story‎, Energy News, Power Generation
Source: Reuters

U.S. public power/natgas groups urge Biden to cap prices in last week’s freeze

Reuters


Trade groups representing U.S. public power and natural gas companies urged President Joe Biden to declare a gas emergency for last week’s extreme weather and authorize the secretary of energy to cap the price of gas.

In a Feb. …

Source: Reuters

Cheniere expects gradual rise in LNG demand with COVID-19 vaccine rollout

Reuters


Cheniere Energy Inc raised its full-year adjusted core earnings forecast on Wednesday, expecting incremental growth in demand for liquefied natural gas as COVID-19 vaccinations boost economic activity that had slumped due the health crisis.

Lockdown measures implemented to curb …

February 24, 2021 - 10:30 am Closing Bell Story‎, Energy News, LNG
Source: Reuters

Oil rises despite surprise U.S. stock build weighs

Reuters


LONDON  – Oil prices firmed on Wednesday amid continued outages in the United States and a weaker dollar, even though U.S. inventories last week rose unexpectedly.

Brent crude futures gained $1.19, or 1.8%, to $66.56 a barrel at 1511 …