Post Tagged with: "360 News Desk"

Mammoth Heat Wave Lasting “Weeks” Will Cause Painful Spike In Utility Bills For Poor Americans

Mammoth Heat Wave Lasting “Weeks” Will Cause Painful Spike In Utility Bills For Poor Americans

Forbes


Oil & Gas 360 Publishers Note: Nice article by Scott Carpenter, Forbes, about the rising costs of electricity to the lower income group of Americans. What many people do not realize is that the additional cost burden for solar

Crews install one of two turbines for Dominion Energy's Coastal Virginia Offshore Wind project off the coast of Virginia Beach, Va. Dominion Energy plans to invest billions in offshore wind as it pivots away from natural gas pipelines and slashes greenhouse gas emissions.
Source: Dominion Energy Inc.

Dominion points to ESG as key factor in decision to off-load gas assets

S&P Global


Oil & Gas 360 Publishers Note: We have been seeing that ESG is being tied to capital, investor confidence, and public opinion. We also see that if you do not have a well articulated ESG program you (as

Gas drillers refute attorney general report

Gas drillers refute attorney general report

27News


HARRISBURG, Pa. (WHTM) — With cloudy well water as a prop, Attorney General Josh Shapiro blasted an unholy alliance between natural gas drillers and the state’s Department of Environmental Protection — the agency tasked with regulating the industry.

“The …

July 11, 2020 - 8:42 am Natural Gas News, Pipeline News, Regulatory, Uncategorized

Delphi Energy Corp. Announces Receipt of Creditors’ Meetings Order

CALGARY, Alberta, July 10, 2020 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“ Delphi …

July 11, 2020 - 5:34 am Bankruptcy, Canada News, Press Releases
Source: CNBC

Market heads into worst earnings season in 12 years amid worries virus is slowing recovery

CNBC


The worst earnings season in years is about to begin, and it’s possible the stock market could shrug off the sharp profit decline, as long as companies see some signs of a recovery ahead.

Earnings are expected to fall …

U.S. rig count decreased by 5 this week, at 258

U.S. rig count decreased by 5 this week, at 258

Oil and Gas 360


This week’s Baker Hughes rig count shows that U.S. had a decrease of 5 over last week, resulting in a total count of 258 rigs. Canada had an increase of 8 over last week, resulting in …

Source: Fox Business

Stocks battle higher as coronavirus treatment shows promise

FOX Business


U.S. equity markets rallied Friday after a study found an experimental treatment reduced death in COVID-19 patients.

 

The Dow Jones Industrial Average rose as many as 201 points, or 0.78 percent, while the S&P 500 added 0.38 …

July 10, 2020 - 1:00 pm Capital Markets, Commodity Pricing, Finance
Source: Reuters

Libya lifts exports force majeure but says output recovery to be slow

Reuters


TUNIS/LONDON  – Libya’s National Oil Corporation (NOC) lifted force majeure on all oil exports on Friday as a Vitol tanker loaded at Es Sider after a half-year blockade by eastern forces, but said technical problems caused by the shutdown …

Source: Reuters

Oil steadies on resurgence of virus cases

Reuters


LONDON  – Oil prices steadied on Friday but were still set for weekly declines as inventories rose and record-breaking new coronavirus cases in the United States stoked concern about the pace of economic recovery and fuel demand.

Brent crude …

First Cobalt Announces Filing of Refinery Study

First Cobalt Announces Filing of Refinery Study

First Cobalt Announces Filing of Refinery Study Canada NewsWire TORONTO, July 10…

Source: Reuters

IEA raises 2020 oil demand forecast but warns COVID-19 clouds outlook

Reuters


LONDON – The International Energy Agency (IEA) bumped up its 2020 oil demand forecast on Friday but warned that the spread of COVID-19 posed a risk to the outlook.

The Paris-based IEA raised its forecast to 92.1 million barrels …

PetroTal announces First Quarter 2020 Financial and Operating Results

PetroTal announces First Quarter 2020 Financial and Operating Results

Calgary, Alberta and Houston, Texas–(Newsfile Corp. – July 9, 2020) – PetroTal Corp. (TSXV: T…

July 10, 2020 - 4:50 am Press Releases
Noble Energy to bring back majority of curtailed oil production by July end

Noble Energy to bring back majority of curtailed oil production by July end

BIC


Noble Energy Inc said on Thursday it expected to bring back online majority of curtailed oil production volume by the end of July, as oil prices have recovered from their historic lows, as reported by Reuters.

Shares of …

BP to invest $70 million in India’s Green Growth Equity Fund

BP to invest $70 million in India’s Green Growth Equity Fund

EnergyWorld


With this BP would become a limited partner in the equity fund, have representation on its advisory committee, and also the rights to co-invest in projects alongside GGEF

New Delhi: BP, UK-based oil and gas firm, on Tuesday …

July 9, 2020 - 2:30 pm International, Power Generation, Solar, Sustainability, Wind
Source: Reuters

‘Disaster’ U.S. earnings loom, but investors try and look beyond

Reuters


NEW YORK – U.S. companies are preparing to open their books on a quarter that is set to show the biggest earnings fall since the financial crisis, leaving investors looking for light at the end of the tunnel.

The …

July 9, 2020 - 2:00 pm Closing Bell Story‎, Earnings, Economy, Finance
Source: Reuters

Rooftop revolution: Coronavirus chill upends solar power industry

Reuters


LOS ANGELES/MADRID/LONDON – The booming rooftop solar panel industry nosedived overnight when the coronavirus forced homeowners to rein in spending and keep their distance from would-be installers.

Now, in their struggle to survive, companies on both sides of the …

Source: Forbes

PA’s gas producers become a political football in new AG report

Forbes


The oil and gas industry has always been an easy target for ambitious politicians. Jimmy Carter based much of his 1976 presidential campaign on using the industry as a boogeyman, blaming it for embargoes and price shocks that it …

Source: Reuters

U.N. chief urges end to coal financing to spur clean energy shift

Reuters


LONDON – United Nations Secretary-General Antonio Guterres urged countries on Thursday to stop financing coal and pledge not to build new coal-fired power plants to enable a shift to clean energy.

He spoke at a virtual clean energy transition …

July 9, 2020 - 11:00 am China, Climate Change, Coal News, Energy News
Source: Reuters

Energy industry veterans to launch hydrogen investment fund

Reuters


LONDON  – Two energy industry veterans plan to launch an investment fund focused on hydrogen this year as more and more governments include the niche fuel in their global warming battle plans.

Hydrogen has long-been touted as a potential …

Weekly Gas Storage: Inventories increase by 56 Bcf

Weekly Gas Storage: Inventories increase by 56 Bcf

Natural Gas Inventories as of July 3, 2020

The EIA has released its natural gas inventory report, showing a net increase of 56 Bcf as of July 3, 2020.

Working gas in storage was 3,133 Bcf as of Friday, July …

Hudong to deliver third Yamal LNG carrier

Hudong to deliver third Yamal LNG carrier

Offshore Energy


Oil & Gas Publishers Note: There are some hidden takeaways in this article. The Chinese shipbuilding yard has 17 Large LNG carriers on order under a leasing business model. A brilliant business model to keep control of large

Oil Pipelines Hit A Dead End. So Do Power Lines Needed For Renewable Energy

Oil Pipelines Hit A Dead End. So Do Power Lines Needed For Renewable Energy

Forbes


Oil & Gas 360 Publishers Note: Sometimes when people make decisions, they do not look at the unintended consequences. Stopping the oil and gas pipelines will hurt the renewable markets – oops…

Builders of oil and gas pipelines suffered

EIA forecasts global stock draws through 2021

EIA forecasts global stock draws through 2021

EIA


The disruptions to global petroleum supply and consumption as a result of the 2019 novel coronavirus disease (COVID-19) and associated mitigation efforts have been significant. As road and air travel fell sharply when economies around the world went into …

Source: CNBC

Dividend payments plunge by $42.5 billion in worst quarter for income investors since financial crisis

CNBC


Companies struggling to get through the coronavirus slashed the amount of money they returned to shareholders through dividends in the second quarter.

The net change in Q2 payouts, or the difference between increases and decreases, for all domestic common …

July 8, 2020 - 2:30 pm Capital Markets, Earnings, Finance
Source: CNBC

Goldman warns delayed election results this November similar to Bush-Gore could rock the market

CNBC


Goldman Sachs is warning that the presidential election could see delayed results, and is therefore recommending that clients hedge their market bets through December in anticipation of heightened volatility through November.

Goldman Sachs chief U.S. equity strategist David Kostin …

July 8, 2020 - 1:30 pm Capital Markets, Closing Bell Story‎, Finance
Source: Reuters

Russia’s Nornickel disputes $2 billion Arctic spill damages claim

Reuters


MOSCOW – Russian mining giant Norilsk Nickel (Nornickel) is disputing more than $2 billion in damages after a fuel spill which Russia’s environmental watchdog has said threatens unprecedented damage to the Arctic.

Watchdog Rosprirodnadzor sent a request for “voluntary …

July 8, 2020 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Forbes

Cheap Energy Was A Surprise Benefit Of QE, But That May Be Ending

Forbes


Quantitative easing (QE) was a response to the financial crisis. Under this policy the central bank buys government assets, and increasingly any assets, to support the economy. Previously in order to source funding, a government could sell bonds to …

Source: Reuters

China hires Morgan Stanley, Goldman Sachs to advise on pipeline asset transfers: sources

Reuters


HONG KONG/BEIJING – Top Chinese energy firms have mandated investment banks Morgan Stanley and Goldman Sachs to act as advisers for multi-billion dollar deals transferring oil and gas pipeline assets into a national energy infrastructure giant, four sources said.…

July 8, 2020 - 10:30 am China, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

U.S. crude oil inventories increase by 5.7 million barrels

Weekly Crude Oil Storage as of July 3, 2020

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.7 million barrels from the previous week. At 539.2 million barrels, U.S. crude oil …

Source: Reuters

End of an era? Series of U.S. setbacks bodes ill for big oil, gas pipeline projects

Reuters


WASHINGTON/NEW YORK  – A rapid-fire succession of setbacks for big energy pipelines in the United States this week has revealed an uncomfortable truth for the oil and gas industry: environmental activists and landowners opposed to projects have become good …