Energy News

Source: Reuters

Column: U.S. crude stocks stabilise as Saudi export surge ends – Kemp

Reuters


LONDON – Bloated U.S. crude inventories are finally on a diet, after the surge of imports from Saudi Arabia, loaded at the height of the volume war with Russia in March and April, finished discharging in the middle of …

Source: Forbes

Chapter 11 Bankruptcy statistics on U.S. shale patch are not the best barometer to gauge industry’s future

Forbes


The oil and gas industry’s most recent cyclical downturn, triggered by the Covid-19 global pandemic in March, has yet again invited close scrutiny of the U.S. shale industry. At one point, prior to the turn of events, shale was …

Source: Reuters

ConocoPhillips posts worse loss than feared on oil price plunge, shares fall

Reuters


ConocoPhillips reported a wider-than-expected loss on Thursday, as coronavirus-induced lockdowns sapped demand for fuel and crushed crude prices, sending shares of the world’s largest independent oil and gas producer down nearly 9%.

The pandemic brought travel and other businesses …

Source: CNBC

Shell’s second-quarter profit slumps 82% on coronavirus hit to oil prices, energy demand

CNBC


Oil giant Royal Dutch Shell on Thursday reported a sharp drop in net profit for the three months through to the end of June, following an unprecedented period of energy market turmoil and significantly weaker oil and gas prices.

July 30, 2020 - 10:45 am Closing Bell Story‎, Earnings, Energy News
Source: Reuters

Headache for OPEC as oil market structure signals return of glut

Reuters


SINGAPORE/LONDON  – Rising OPEC and U.S. oil supply, coupled with stalled economic and crude demand recovery, have pushed the futures market structure back to indicating a surplus, last observed during oil’s collapse in April and May amid the coronavirus …

The true cost of renewable energy – is anybody listening?

The true cost of renewable energy – is anybody listening?

RarePetro

Oil & Gas 360 Publishers Note: We are seeing a world wide commitment to renewable energy in most governments Covid recovery stimulus infrastructure projects. This is an interesting article from Kevin at RatePetro going through the accrual costs, but

Chevron and Algonquin Announce Agreement to Co-develop Renewable Power Projects

Chevron and Algonquin Announce Agreement to Co-develop Renewable Power Projects

Chevron and Algonquin Announce Agreement to Co-develop Renewable Power Projects Ca…

ROYAL DUTCH SHELL PLC 2ND QUARTER 2020 AND HALF YEAR UNAUDITED RESULTS

ROYAL DUTCH SHELL PLC 2ND QUARTER 2020 AND HALF YEAR UNAUDITED RESULTS

Income attributable to Royal Dutch Shell…

Valero Energy Reports Second Quarter 2020 Results
Featured Thumbnail

Valero Energy Reports Second Quarter 2020 Results

Reported net income attributable to Valero stockholders of $1.3 billion, or $3.07 per shar…

July 30, 2020 - 4:56 am Earnings, Energy News, Finance, Press Releases
EnerCom’s The Oil & Gas Conference 1 x 1 investor meeting requests OPEN! Schedule your meeting with Eni

EnerCom’s The Oil & Gas Conference 1 x 1 investor meeting requests OPEN! Schedule your meeting with Eni

The Oil & Gas Conference


Publisher’s Note:  1 x 1 investor meeting requests OPEN! Schedule your meeting with Eni.

Please register to join us this August 17-19, 2020 on our 25th Anniversary of The Oil & Gas Conference.

Unprecedented …

July 29, 2020 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC25
Second-Half 2020 Outlook: Invitation to an Oil & Gas Panel Discussion with EnerCom, Enverus, Haynes and Boone, Moss Adams and Netherland, Sewell & Associates

Second-Half 2020 Outlook: Invitation to an Oil & Gas Panel Discussion with EnerCom, Enverus, Haynes and Boone, Moss Adams and Netherland, Sewell & Associates

Please join EnerComEnverusHaynes and BooneMoss Adams, and Netherland, Sewell & Associates on July 30, 2020 at 11:30 AM CT (US and Canada)for a round table discussion.

 

Key leaders in the oil

360 Digital Closing Bell 7-29-2020

360 Digital Closing Bell 7-29-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 8 min summary of the energy markets. There are big names presenting at The Oil & Gas Conference., check it out for

Tokyo Gas to spend $657 million in U.S. shale, solar assets

Tokyo Gas to spend $657 million in U.S. shale, solar assets

Reuters


TOKYO  – Tokyo Gas Co Ltd will spend 69 billion yen ($657 million) to take control of a U.S. shale gas operator, Castleton Resources, and to buy a U.S. solar power development project in a bid to expand its …

Source: Reuters

French energy group Total books $8 billion asset impairments

Reuters


PARIS – French energy group Total will book an exceptional impairment charge of $8 billon mainly on its Canadian oil sands and liquefied natural gas projects, it said on Wednesday.

“Overall, the exceptional asset impairments that will therefore be …

Source: Reuters

Hess posts smaller-than-expected loss on higher output, lower costs

Reuters


U.S. oil and gas producer Hess Corp reported a smaller-than-expected quarterly loss on Wednesday, as higher output and lower costs helped offset a plunge in oil prices due to the coronavirus crisis, sending its shares 3% higher.

Crude prices …

Source: Billings Gazette

Pipeline doubts put Bakken shale reboot on hold

Reuters


Publisher’s Note: Northern Oil and Gas will be presenting at The Oil and Gas Conference on August 17-19, 2020, 1 x 1 investor meetings are open, schedule your meeting with NOG now.

North Dakota oil producers face new pressures …

Source: Reuters

Record U.S. LNG output jump lifts exports in weak market

Reuters


LONDON/NEW YORK – A sharp increase in U.S. liquefied natural gas (LNG) output in the past year has protected the country’s status as the world’s third largest exporter of the chilled fuel, despite multiple cargo cancellations this summer.

Over …

Source: CNBC

Oil rises after surprise drop in U.S. inventories offsets demand concerns

CNBC


Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States fell against expectations, giving the market a boost amid record increases of coronavirus infections in the U.S. and elsewhere.

Brent crude futures

EnerCom’s The Oil & Gas Conference 1 x 1 meeting requests OPEN!

EnerCom’s The Oil & Gas Conference 1 x 1 meeting requests OPEN!

Oil and Gas 360


Publisher’s Note:  1 x 1 meeting requests OPEN!

Please register to join us this August 17-19, 2020 on our 25th Anniversary of The Oil & Gas Conference.

Unprecedented times call for unprecedented solutions, this year’s …

July 28, 2020 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC25
Second-Half 2020 Outlook: Invitation to an Oil & Gas Panel Discussion with EnerCom, Enverus, Haynes and Boone, Moss Adams and Netherland, Sewell & Associates

Second-Half 2020 Outlook: Invitation to an Oil & Gas Panel Discussion with EnerCom, Enverus, Haynes and Boone, Moss Adams and Netherland, Sewell & Associates

Please join EnerComEnverusHaynes and BooneMoss Adams, and Netherland, Sewell & Associates on July 30, 2020 at 11:30 AM CT (US and Canada)for a round table discussion.

 

Key leaders in the oil

Haynes and Boone Replay: Weekly Energy Tracker Call  07-28-2020

Haynes and Boone Replay: Weekly Energy Tracker Call 07-28-2020

Oil and Gas 360


Weekly Energy Tracker Call (07/28/20)

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

360 Digital Closing Bell 7-28-2020

360 Digital Closing Bell 7-28-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 8 min summary of the energy markets. We have a special guest: Aaron Fandeford, President, EnerCom, and we talk about the big names

Source: Reuters

Eni announces oil discovery and production in Egypt’s South West Meleiha Concession

Oil and Gas 360


Publisher’s Note: Eni will be participating at The Oil & Gas Conference this coming August 17-19, 2020. Please register at theoilandgasconference.com.

Eni announces the discovery of new oil resources in the Western Desert of Egypt

Source: Reuters

Blackstone to raise stake in Gulf of Mexico drilling project to 47%

Reuters


JERUSALEM  – Israel’s Navitas Petroleum said on Tuesday the Blackstone Group signed a preliminary deal to raise its stake in a drilling project in the Gulf of Mexico to 47% from 16%.

Navitas had partnered with U.S. oil firm …

Source: Reuters

Chevron says expects to restart Train 2 of Gorgon LNG plant in early September

Reuters


SINGAPORE – Chevron Corp expects to restart Train 2 of its Gorgon liquefied natural gas (LNG) plant in Australia in early September after completing repairs, a company spokesman said on Tuesday.

Gorgon is carrying out the repair work after …

Source: Reuters

Halliburton to provide digitalization for PETRONAS exploration activities

Halliburton


Deploying DecisionSpace® 365 powered by the iEnergy® Cloud to integrate and streamline upstream operations

HOUSTON–(BUSINESS WIRE)–Jul. 28, 2020– Halliburton Company (NYSE: HAL) today announced it received a scope expansion from Petroliam Nasional Berhad (PETRONAS) to support their upstream digitalization …

Eni announces oil discovery and production in Egypt’s South West Meleiha Concession

Eni announces oil discovery and production in Egypt’s South West Meleiha Concession

Oil&Gas


Eni announces the discovery of new oil resources in the Western Desert of Egypt with a new exploration well in the South West Meleiha Concession. Production in the Concession started just one year ago and is now in excess

July 28, 2020 - 5:25 am Crude Oil News, Energy News, International
EnerCom’s The Oil & Gas Conference 1 x 1 meeting requests opening soon

EnerCom’s The Oil & Gas Conference 1 x 1 meeting requests opening soon

Oil and Gas 360


Publisher’s Note:  1 x 1 meeting requests opening soon.

Please register to join us this August 17-19, 2020 on our 25th Anniversary of The Oil & Gas Conference.

Unprecedented times call for unprecedented solutions, this …

July 27, 2020 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC25
Second-Half 2020 Outlook: Invitation to an Oil & Gas Panel Discussion with EnerCom, Enverus, Haynes and Boone, Moss Adams and Netherland, Sewell & Associates

Second-Half 2020 Outlook: Invitation to an Oil & Gas Panel Discussion with EnerCom, Enverus, Haynes and Boone, Moss Adams and Netherland, Sewell & Associates


Please join EnerCom, Enverus, Haynes and Boone, Moss Adams, and Netherland, Sewell & Associates on July 30, 2020 at 11:30 AM CT (US and Canada) for a round table discussion.

 

Key leaders in the oil

360 Digital Closing Bell 7-27-2020

360 Digital Closing Bell 7-27-2020

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 for the day and talking about the deep impact on the