Oil and Gas 360 Publisher Note:

Stay-at-home orders led to less commercial and industrial electricity use in April

Stay-at-home orders led to less commercial and industrial electricity use in April

EIA


Oil & Gas Publisher’s Note: This information from the EIA is not a trivial impact to the price of oil and natural gas. This is only one of the pricing and impacts that we had discussed 3 months ago

Main building of Beloyarsk Nuclear Power Station as seen from the Beloyarskoye Reservoir near Zarechny, Sverdlovsk Oblast, Russia. Beloyarsk has the largest fast breeder reactor (BN-600) of the world and is currently building another one (BN-800). As of 2007 it is the only commercial nuclear powerplant of the Urals and the oldest Russian commercial nuclear powerplant still in use. Besides the BN-600 it also has 2 older graphite reactors, which were shutdown in the 1980s and 1990s.

Beloyarsk Nuclear Power Station -BN-600 Life Extension to Seek 2040 Date

Energy Central


Oil & Gas 360 Publishers Note: Providing energy while being good stewards of the environment extremely is important. Elevating humanity from poverty with available, low cost, energy is one of the key reasons look at a market driven

U.S. refinery capacity sets new record as of January 1, 2020

U.S. refinery capacity sets new record as of January 1, 2020

EIA


Oil & Gas Publishers Note: Our 360 team has covered the refinery capacity news. The key take away is; “U.S. Gulf Coast, which is home to about half of U.S. refining capacity, used imported crude oil for only 28%

A recent rally in oil prices had given energy executives in Texas hope that a recovery was at hand. Now they are not so sure.Credit...Tamir Kalifa for The New York Times

Still Reeling From Oil Plunge, Texas Faces New Threat: Surge in Virus Cases

The New York Times


Oil & Gas Publishers Note: $40 a barrel for one week does not count as a come back. It takes months of higher prices, and then you just cannot easily turn production. Crews re-hired, equipment pulled

Deutsche Bank and Olam International close Asia’s first FX Forward using ESG performance targets

Deutsche Bank and Olam International close Asia’s first FX Forward using ESG performance targets

Finextra


Oil & Gas 360 Publishers Note: We have been covering the importance of ESG and the corporations access to capital. What we have been seeing is that the world wide regulations are headed to the United States, and corporations

Wind turbines tower over a building on a farm in Colorado City, Texas, on Jan. 21, 2016. Spencer Platt/Getty Images

Deep in the Heart of Texas, a Chinese Wind Farm Raises Eyebrows

FP 


Oil & Gas Publishers Note: Ok now you really have my attention: “You have to be kidding me”. Allowing a Chinese owned wind farm next to our air base in Texas? I may be calling Governor Abbot on this

Source: © Getty Representational image

Tankers Carrying Venezuelan Oil Stuck at Sea

MarineLink


Oil & Gas Publishers Note: We have been covering this story on China and other countries trying to go around the U.S. sanctions on Venezuela. It is interesting that the refineries are watching where the shipments are originating. 16

Gore Street acquires 50MW Scottish storage project

Gore Street acquires 50MW Scottish storage project

Oil & Gas 360 Publishers Note: One of the energy topics we are watching is energy storage. Storage is critical for renewable energy projects. 

Energy storage investment fund Gore Street has reached a deal to acquire 100% of the 50MW …

The IEA’s Sustainable Recovery Plan Is Not Sustainable

The IEA’s Sustainable Recovery Plan Is Not Sustainable

Forbes


Oil & Gas Publishers Note: Interesting opinion from the IEA. Not sure I agree, but good to know all opinions. 

Governments of the world, take note. The International Energy Agency has a plan for you. If you take the …

Chad Schumacher, general Manager at Auroa Energy Solutions: Joe Usibelli Jr. managing member of Usibelli Investments and Rob Brown president of Aurora Energy Solutions.

Alaska’s coal producer, Usibelli Mines, expands into biomass to serve Interior energy markets

Ancoragepress.com

 

Oil & Gas 360 Publishers Note: I have always had a soft spot in my heart for Alaska and have enjoyed all of my trips. This is an excellent article of a coal company morphing into a bio

U.S. Issues Final Rule Authorizing Widespread Transport of LNG by Rail

U.S. Issues Final Rule Authorizing Widespread Transport of LNG by Rail

NGI


 

Oil & Gas Publishers Note: The conclusion: “The new regulations could aid small-scale LNG projects in remote areas or help stakeholders at a time when larger export terminals are facing development hurdles amid a global gas glut and

Indian Prime Minister Narendra Modi (Photo: Prachatai/Flickr)

India eyes private investment to open 41 new coal mines

CHN


Oil & Gas Publishers Note: I applaud Prime Minister Modi for standing up for his commitment to the Indian people. Getting the lowest cost power to help elevate the country’s population out of poverty is truly putting his people

Post-COVID Global Oil Demand Series – Part 1: Petrochemicals and Construction Materials

Post-COVID Global Oil Demand Series – Part 1: Petrochemicals and Construction Materials

RarePetro


Oil & Gas 360 Publishers Note: This is part 1 from Kevin Olson at RarePetro on the Petrochemicals. The Post-COVID demand is an interesting topic for almost every market segment. Construction, manufacturing, transportation, air travel, and real estate will

Breakeven crude oil prices are one metric of the economic constraints facing OPEC+ members

Breakeven crude oil prices are one metric of the economic constraints facing OPEC+ members

EIA


Oil & Gas 360 Publishers Note: To help understand the OPEC + members, take a look at the breakeven crude oil prices. Breakeven is is the fiscal breakeven, the minimum price that a country needs to receive per barrel

ESG Investing Meets The Covid Challenge

ESG Investing Meets The Covid Challenge

Global Finance


Oil & Gas Publishers Note: ESG is one of, if not the biggest, impacts to capital in the energy markets. While consumers are asking for ESG solutions, not many fully understand what it means. Excellent article by Craig

Differential Price Recovery: How Regional Forces Are Bringing Benchmark Prices Back Towards Equilibrium

Differential Price Recovery: How Regional Forces Are Bringing Benchmark Prices Back Towards Equilibrium

RarePetro


Oil & Gas Publishers Note: Another great industry insight article from Kevin Olson at RarePetro. 

Abstract

Financial markets attempted to buoy benchmark prices as oil and gas markets became volatile in Q1 2020. This created a disconnect in the …

Source: Houston Chronicle

US Weighs Blacklisting More Oil Tankers Over Venezuela

MarineLink


Oil & Gas 360 Publishers Note: We addressed this on Friday’s closing bell. We had indicated to our audience that there was much more to this story. 

The United States is considering imposing sanctions on dozens of additional foreign …

Canada is the largest source of U.S. energy imports

Canada is the largest source of U.S. energy imports

EIA


Oil & Gas Publishers Note: I still believe that creating and using a North America Oil Producers Trade Consortium used instead of OPEC would be a great boost for our economy and national security. Why play in the Russia

After years of protests against the Constitution Pipeline, New York recently denied a key water quality permit for the project. A new EPA rule would make it harder for states to do that.

Trump Administration Limits New York’s Power To Stop Oil And Gas Pipelines

NPR


Oil & Gas Publishers Note: This is actually great news on many levels. Potentially getting natural gas to the eastern states from the Marcellus Shale would help get New York from buying natural gas from the Russians. Let’s keep

Peabody to cut staff at NSW’s Metropolitan coal mine -a symptom of larger problems

Peabody to cut staff at NSW’s Metropolitan coal mine -a symptom of larger problems

Argus


Oil & Gas Publishers Note: These layoffs and the weaker demand in the coking coal are just another example of the world wide slowdown. Coking coal is used in steal production. The domino effect of the world Covid-19 pandemic

The Incoming Glut: Excessive Levels of Heavy Crude Supply in a Saturated Market

The Incoming Glut: Excessive Levels of Heavy Crude Supply in a Saturated Market

RarePetro


Oil & Gas 360 Publishers Note:  Kevin Olson has assembled great data points about the influx of fifty million barrels of foreign crude oil to the United States, and may offset most of the production cuts. Pushing out any

Coronavirus is causing the biggest fall in global energy investment in history: IEA

Coronavirus is causing the biggest fall in global energy investment in history: IEA

Oil&Gas


Impacts are being felt across the energy world, from fuel and power supply to efficiency, with serious implications for energy security and clean energy transitions

Oil & Gas 360 Publishers Note: Carla Sertin writes an excellent summary of the

Putin sets deadline for plan to support Russian oil industry

Putin sets deadline for plan to support Russian oil industry

Bloomberg


Moscow (Bloomberg) –Russian President Vladimir Putin gave his government until June 15 to come up with a plan to support the country’s oil industry while output is slashed under an agreement among the world’s main producers.

Putin ordered ministers

NET Power oxy-combustion natural gas facility in La Porte, Texas (Net Power Inc./Wikimedia Commons)

Carbon capture and the Allam Cycle: The future of electricity or a carbon pipe(line) dream? -Can this be the missing bridge?

Atlantic Council 

Oil & Gas Publishers Note: Very interesting technology for natural gas power plants and ESG. Some of the key takeaways are: (1) 100% capture of emissions while being cost, and efficiency competitive, with advanced natural gas plants with

Post-Crisis Recovery: Oil Supply and Demand is Moving Back Towards Equilibrium with China Leading the Way

Post-Crisis Recovery: Oil Supply and Demand is Moving Back Towards Equilibrium with China Leading the Way

Rare Petro


Oil & Gas Publishers Note: This is an outstanding case study from Kevin Olson at Rare Petro. He does a great job covering the global oil demand inflection points. 

Abstract

The dual black swan events of 2020 have …

Citigroup launches new ESG investment banking group

Citigroup launches new ESG investment banking group

Reuters


Oil & Gas 360 Publisher’s Note: The oil industry is strapped for cash. If an oil company does not have a well communicated, and documented, ESG plan in place, gaining access to capital will be increasingly more difficult.

NEW …

Rs 50k-crore investment in coal infra

Rs 50k-crore investment in coal infra

Financial Express


According to finance minister Nirmala Sitharaman, not just fully explored coal blocks, but even partially explored ones will now be auctioned, and 50 assets will go under the hammer soon.

Oil & Gas 360 Publishers Note: This theme

OFS stocks lost half their value since 2020 began

OFS stocks lost half their value since 2020 began

Oil&Gas


The best performers among services companies were in the EPCI sector

Oil & Gas 360 publishers note: This is an excellent article by Carla Sertin. She uses information from Rystad, and highlights several key points.  “The result of

EIA expects lower natural gas production in 2020

EIA expects lower natural gas production in 2020

EIA


Oil and Gas Publishers Note: While the EIA is looking at prices in the $2.95 range, we have been talking to many experts in the oil and gas space and they look for higher numbers. It is always to

Shell invests in new Nigeria LNG processing unit

Shell invests in new Nigeria LNG processing unit

BIC


Oil & Gas Publishers Note: On a side note, there appears to be a trend to energy investors; invest in companies with ESG plans, diversify into natural gas, and move investing to outside the U.S.

Shell Gas B.V., a …