Energy News

Source: Reuters

Exclusive: Kuwait plans to shorten oil supply deals for some Asian buyers – sources

Reuters


NEW DELHI – Oil producer Kuwait Petroleum Corp (KPC) is in talks to shorten its annual supply deals with some customers in India and Japan to nine months this year to meet demand from its new refinery, sources close …

February 17, 2021 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

Saudi minister: Oil producers must remain extremely cautious

Reuters


DUBAI – Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said on Wednesday that it was too early to declare victory against the COVID-19 virus and that oil producers must remain “extremely cautious”.

“We are in a much better …

February 17, 2021 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, International, OPEC
Source: Reuters

Oil mixed on U.S. production fall, possible Saudi output rise

Reuters


LONDON – Oil prices were mixed on Wednesday, underpinned by a major supply disruption in the southern United States this week where a winter storm hit Texas, but pressured by reports that Saudi Arabia plans to increase output in …

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 16, 2021 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: CNBC

Energy prices jump as millions left without power in Texas

CNBC


Energy prices jumped Tuesday as a deep freeze in the South boosted demand for fuel and hampered production.

More than 4 million people were without power across Texas on Tuesday morning, according to poweroutage.us, as the electric grid couldn’t …

Source: Reuters

Chevron and BP back renewable start-up focused on geothermal energy

CNBC


Canada-based geothermal company Eavor Technologies on Tuesday announced a $40 million funding round that included participation from BP Ventures and Chevron Technology Ventures as big oil companies increase investments in renewable energy.

Geothermal power is renewable energy produced from …

Source: Reuters

Resurgent Canadian natgas producers look to horn in on U.S. market

Reuters


CALGARY, Alberta – Canadian natural gas producers are bouncing back faster from the COVID-19 pandemic than battered U.S. shale firms, putting them in position to boost net gas exports to the United States for the first time in five …

Source: Reuters

EU to seek fossil fuel phase-out in energy charter treaty talks: document

Reuters


BRUSSELS – The European Union’s executive will push for a 10-year phase-out of the protection for fossil fuels under an international energy treaty, following calls from some countries to quit the accord unless it can be aligned with Europe’s …

Source: Reuters

Deep freeze shuts Houston ship channel as energy closures mount

Reuters


A deep freeze continued to wreak havoc on the U.S. energy sector, bringing operations to a halt at the Houston Ship channel, while several of the biggest oil refineries remained offline in the nation’s largest crude-producing state.

Overall, around …

Source: Reuters

Oil prices close to 13-month highs, supported by Texas cold snap

Reuters


LONDON- Oil prices hovered near 13-month highs on Tuesday, supported by a U.S. cold snap that shut wells in the oil-producing state of Texas, though gains were capped by a Norwegian wage deal that averted supply disruptions in Europe.…

Source: Reuters

Column: Funds bought U.S. crude ahead of big freeze – John Kemp

Reuters


LONDON – Hedge funds purchased more petroleum last week, but buying was almost entirely concentrated in WTI, which suggests it was driven by the prospect of freezing weather temporarily hitting U.S. oil production.

Hedge funds and other money managers …

Source: Reuters

U.S. senators prod Biden administration on Nord Stream 2 pipeline sanctions

Reuters


WASHINGTON – Two U.S. senators urged President Joe Biden to ensure the implementation of sanctions passed in January aimed at stopping the Nord Stream 2 Russia-to-Germany gas pipeline project, which a State Department spokesman reiterated on Friday was a …

Source: Reuters

Exclusive: Equinor considers more US asset sales in global strategy revamp

Reuters


OSLO – Norway’s Equinor is looking to sell more assets in the United States and exit several other countries as part of a major global reshuffle as it tries to return to profit after writing down $25 billion of …

Source: Reuters

Iran oil output faces race against time as U.S. sanctions linger

Reuters


LONDON/SINGAPORE – Iran’s oil reserves risk becoming stranded assets unless the new U.S. administration eases sanctions that have left the country lagging rivals in output capacity and losing a race against time as the transition to low carbon energy …

February 15, 2021 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

Oil hits 13-month highs as market re-balances

Reuters


LONDON – Oil prices soared on Monday to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply reined in.

Brent crude was up 88 cents, or 1.4%, at $63.31 a barrel …

REPLAYS & PRESENTATIONS: The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines

REPLAYS & PRESENTATIONS: The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines

Oil & Gas 360


EnerCom, Inc., a nationally recognized management consultancy, and Colorado School of Mines, a leading public research university focused on science and engineering, would like to thank our sponsors, presenters, keynote speakers and attendees for making our

Reuters

Tight supply and hydrogen hopes drive iridium up 160%

Reuters


LONDON – Iridium has become the latest precious metal to undergo a spectacular price rally, after supply shortages and expectations it will be used to produce hydrogen to power a greener economy lifted its value by 160% in two …

Source: CNBC

After oil hits 13-month high, energy analyst warns prices may be ‘too frothy’

CNBC


Oil climbed Friday, surpassing the high set earlier this week and notching a fresh 13-month peak.

West Texas Intermediate crude hit $59.74 a barrel on Friday, its highest level since January 2020, a promising sign as the industry …

Source: Reuters

Analysis: Iran oil output faces race against time as U.S. sanctions linger

Reuters


LONDON/SINGAPORE – Iran’s oil reserves risk becoming stranded assets unless the new U.S. administration eases sanctions that have left the country lagging rivals in output capacity and losing a race against time as the transition to low carbon energy …

Source: nasdaq

Analysis: Montney shale patch merger shines light on Canada’s premier play

Reuters


CALGARY, Alberta – ARC Resources Ltd’s C$2.7 billion ($2.1 billion) bid to buy Seven Generations Energy Ltd will create the largest oil and gas producer in Canada’s Montney region, and may re-energize development in one of North America’s top …

Noble Midstream Partners Reports Fourth-Quarter and Full-Year 2020 Results

Noble Midstream Partners Reports Fourth-Quarter and Full-Year 2020 Results

More than $185 million in Free Cash Flow 1 Expected in 2021 Noble…

February 12, 2021 - 12:00 pm Company Earnings, Energy News, Midstream, Press Releases
Source: Reuters

Graphic: Tighter oil market encourages destocking, contract rollover

Reuters


LONDON  – Optimism for a recovery in oil demand as COVID-19 vaccines are rolled out while producers rein in supply has pushed the market structure for Brent and U.S. crude into the deepest backwardation since the start of the …

TC Energy Cancels Binding Open Season for the Keystone Pipeline System

TC Energy Cancels Binding Open Season for the Keystone Pipeline System

CALGARY, Alberta, Feb. 12, 2021 (GLOBE NEWSWIRE) — Media Advisory – TC Energy Corpo…

February 12, 2021 - 11:00 am Energy News, Pipeline News, Press Releases
Source: Reuters

Army Corps attorneys withdraw from Dakota Access Pipeline case

Reuters


The U.S. Army Corps of Engineers said two attorneys representing it in an ongoing legal battle involving the Dakota Access Pipeline are withdrawing from the case, according to court filings.

Jeffrey Bossert Clark Sr and Eric Allen Grant, who …

Source: Reuters

Oil edges higher but demand fears set in

Reuters


LONDON – Oil prices edged higher on Friday after declining earlier in the session, but a weaker market outlook from OPEC and the International Energy Agency capped gains.

Brent crude was up 29 cents, or 0.5%, at $61.43 a …

WATCH REPLAYS: The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines

WATCH REPLAYS: The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines

Oil & Gas 360


EnerCom, Inc., a nationally recognized management consultancy, and Colorado School of Mines, a leading public research university focused on science and engineering, would like to thank our sponsors, presenters, keynote speakers and attendees for making our

February 11, 2021 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

U.S. energy regulator to create environmental justice position: chairman

Reuters


WASHINGTON  – The chairman of the U.S. Federal Energy Regulatory Commission said on Thursday the panel will create a senior position on environmental justice, to make sure new energy projects, such as pipelines and liquefied natural gas facilities, do …

February 11, 2021 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
Source: Reuters

Oil market rebalancing will soon set stage for more OPEC+ supply: IEA

Reuters


LONDON – Global oil supply still outstrips demand due to persistent COVID-19 lockdowns and the spread of variants, the International Energy Agency (IEA) said on Thursday, but vaccines should help demand recover and soon enable producers to pump more.…

1×1 MEETINGS STILL OPEN: The Energy Venture Investment Summit presented by Colorado School of Mines and EnerCom

1×1 MEETINGS STILL OPEN: The Energy Venture Investment Summit presented by Colorado School of Mines and EnerCom

Oil & Gas 360


EnerCom, Inc., a nationally recognized management consultancy, and Colorado School of Mines, a leading public research university focused on science and engineering, present the first annual The Energy Venture Investment Summit presented by EnerCom and Colorado

February 11, 2021 - 1:10 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC25
New Mexico asks Biden administration to resolve drilling policy ‘confusion’

New Mexico asks Biden administration to resolve drilling policy ‘confusion’

Reuters


New Mexico officials are asking the Biden administration to resolve confusion in the state’s oil and gas industry over a 60-day pause on allowing state-level staff to issue approvals for new federal lands drilling.

In a letter dated Feb. …

February 11, 2021 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Regulatory