Post Tagged with: "360"

Source: Bloomberg

WTI oil falls below $90 for first time since Ukraine invasion

World Oil


(Bloomberg) — U.S. crude futures fell below $90 a barrel for the first time since February, the month Russia invaded Ukraine.

 

Futures dropped as much as 1% to $89.80 a barrel. Prices have given up all of …

Source: Reuters

Texas heatwave will test power grid early next week

Yahoo News


The Texas power grid will be tested again early next week as another early spring heatwave blankets the state this weekend, prompting homes and businesses to crank up their air conditioners.

The Electric Reliability Council of Texas (ERCOT), …

Source: Reuters

Factbox: Who is buying Russian crude oil and who has stopped

Yahoo 


Here is the response by countries regarding purchases of Russian oil following Moscow’s invasion of Ukraine on Feb. 24, and how companies have acted.

 

COUNTRIES’ RESPONSES

Australia, Britain, Canada and the United States have imposed outright bans on …

Source: Reuters

Russian oil embargo could be part of next EU sanctions package, ministers say

Nasdaq


LUXEMBOURG – The European Union’s executive is drafting proposals for an EU oil embargo on Russia, the foreign ministers of Ireland, Lithuania and the Netherlands said on Monday, although there is still no agreement to ban Russian crude.

“They …

Source: Reuters

Russian supply blow shakes global oil output picture – IEA

Reuters


Global oil output was already hard pressed to meet the sharp rebound in economic activity in the wake of the COVID pandemic – then came Russia’s invasion of Ukraine.

The International Energy Agency on Tuesday said sanctions and wary …

Interview with David Moore of ESG Solutions

Interview with David Moore of ESG Solutions

Oil and Gas 360


Publishers Note: ESG Solutions is a leading provider of passive microseismic monitoring solutions to the energy, mining, and geotechnical industries. Click to view the interview with David Moore, Chief Executive Officer of ESG Solutions.

Interview with David Moore of ESG Solutions- oil and gas 360

 …

Source: World Oil

Biden called to unleash shale to counter deepening energy crisis

World Oil


(Bloomberg) — The chorus is growing from America’s oil executives for President Joe Biden to throw the federal government’s weight behind an industry he once deliberately shunned: U.S. shale.

The Biden administration, which has made climate one of …

Source: CNBC

Oil will hit $120 a barrel if Russia invades Ukraine, strategist predicts

CNBC


Oil will “certainly” hit $120 a barrel and the global economy will be “radically altered” if Russia invades Ukraine, veteran strategist David Roche has predicted.

 

Moscow has denied that it plans to invade neighboring Ukraine, but has moved

February 9, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Political News
Source: Oil Now

Low-carbon operations will become key asset, Exxon out front with tech

Oil Now


Carbon capture and storage, (CCS) clean hydrogen and floating offshore wind are all low-carbon technologies that are on the cusp of mass commercialisation and where the oil and gas sector could achieve leadership and massive scale. Keen to …

Carbon+Intel: DNV supports world’s first large-scale testing of submerged CO2 pipelines

Carbon+Intel: DNV supports world’s first large-scale testing of submerged CO2 pipelines

World Oil


OSLO – DNV, the independent energy expert and assurance provider, is working with Wintershall Noordzee (Wintershall) and the OTH Regensburg University of Applied Sciences to explore how existing natural gas pipelines in the southern North Sea can be …

Source: Reuters

Oil prices at two-month highs on tight supplies

Reuters


LONDON – Oil prices rose on Thursday, supported by growing fuel demand and a draw in U.S. crude inventories as production remained hampered in the Gulf of Mexico after two hurricanes.

Brent crude was up 28 cents, or 0.4%, …

Source: Reuters

Shell commits to power Malaysian offshore platform with solar and wind energy

World Oil


Sarawak Shell Berhad, a subsidiary of Royal Dutch Shell plc, announced that it has taken a final investment decision on the Timi gas development project and, together with its partners PETRONAS Carigali Sdn Bhd and Brunei Energy Exploration, …

Source: mining.com

In push to supply Tesla, Piedmont Lithium irks North Carolina neighbors

mining.com


In its quest to build one of the largest lithium mines in the United States, Piedmont Lithium Inc has overlooked one crucial constituency: its North Carolina neighbors.

Piedmont last autumn signed a deal to supply US electric automaker Tesla
Source: BOE Report

Canada’s Alberta temporarily tweaks environmental liability for oil sands mines

BOE Report


The province of Alberta said on Thursday it will allow oil sands mining companies to change how they calculate environmental liabilities this year, to take into account the wild swings of 2020, when oil prices turned negative.

Producers …

Source: Forbes

Chesapeake CEO Lawler to step down months after bankruptcy exit

Yahoo Finance


April 27  – Chesapeake Energy Corp said on Tuesday that Chief Executive Officer Doug Lawler would leave at the end of April, just months after the company emerged from a highly watched bankruptcy reorganization.

Once the second-largest U.S. …

Source: Reuters

Oil slips further on Europe demand concerns

Reuters


LONDON – Oil slipped for a fourth day on Wednesday as concerns about weaker demand in Europe outweighed an industry report that showed U.S. crude inventories fell unexpectedly last week.

Several European countries have paused the use of AstraZeneca’s …

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

U.S. and Canadian natural gas prices soar during Arctic blast

Reuters


Natural gas prices across North America soared to their highest in years on Thursday as freezing wells cut output and homes and businesses crank up their heaters to escape the arctic blast moving from Canada to the eastern half …

February 11, 2021 - 10:30 am Canada, Closing Bell Story‎, Energy News, Natural Gas News
Source: Reuters

Chesapeake Energy cuts 15% of workers as it emerges from bankruptcy

Reuters


U.S. shale oil and gas producer Chesapeake Energy Corp plans to cut 15% of its workforce, an email sent to employees revealed, as it closes on new financing that will allow it to emerge from bankruptcy court protection next …

Source: Reuters

Repsol hires JPMorgan to spin off renewables unit, El Confidencial reports

Reuters


MADRID – Spanish oil and gas company Repsol has hired JPMorgan as an investment bank to spin off its renewable unit as early as June, Spanish on-line media El Confidencial reported on Wednesday citing financial sources.

The Spanish company …

February 3, 2021 - 1:30 pm Crude Oil News, Energy News, International, Renewable Energy
Source: Reuters

Investors storm into alternative energy funds ahead of Biden presidency

Reuters


Investors are rushing to invest in alternative energy funds this year on hopes of more green reforms, with President-elect Joe Biden set to take office next week.

According to Lipper data, alternative energy funds that primarily invest in solar, …

Three leadership skills required to thrive when disruption is business as usual

Three leadership skills required to thrive when disruption is business as usual

Forbes


Do you find yourself invigorated or frustrated with disruption?

It’s a common question I ask leaders in the energy industry, a sector undergoing widespread disruption. A quote attributed to André Gide, French author and winner of the Nobel Prize …

Source: Reuters

Oil set for third week of gains on vaccine hopes

Reuters


NEW YORK – Oil prices edged higher on Friday, on track for a third consecutive weekly rise, buoyed by successful COVID-19 vaccine trials, while renewed lockdowns in several countries to limit the spread of the coronavirus capped gains.

Brent …

November 20, 2020 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Trump administration asks court for extension to respond to refiners’ biofuel petition

Reuters


NEW YORK  – The Trump administration asked the U.S. Supreme Court this week for an extension to respond to a petition from oil refiners requesting that the court review a decision that cast doubt on a program exempting refiners …

November 5, 2020 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Oil falls as European lockdowns, U.S. election uncertainty dominate markets

Reuters


NEW YORK – Oil prices dropped on Thursday, weighed down by the steady rise in coronavirus infections and as the outcome of the U.S. presidential election had still not been settled.

Brent crude LCOc1 fell 41 cents, or 1%, …

Source: patenergy.com

Patterson-UTI sees drilling activity picking up through early next year

Reuters


U.S. oilfield services firm Patterson-UTI Energy PTEN.O expects activity to continue to improve through at least the first quarter of 2021, Chief Executive Andy Hendricks told investors on Thursday during an earnings call.

The company, which offers contract drilling …

October 22, 2020 - 11:30 am Crude Oil News, Energy News, Oilfield Services, Uncategorized
Source: Reuters

Oil prices up 3% on hurricane, supply disruptions

Reuters


NEW YORK  – Oil prices rose more than 3% on Tuesday, supported by U.S. supply disruptions caused by an approaching hurricane in the Gulf of Mexico and an oil worker strike in Norway.

Energy companies shut offshore oil platforms …

Source: Reuters

Chevron resumes arbitration in Thai gas dispute

Reuters


BANGKOK – U.S. energy major Chevron Corp has resumed arbitration proceedings with Thailand to try to resolve a dispute over who should pay for removing offshore assets in the country’s Erawan gas field, the company told Reuters on Friday.…

October 2, 2020 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: CNBC

Deadly Armenia-Azerbaijan clashes unlikely to cause an oil spike, analyst says

CNBC


Deadly clashes between Armenia and Azerbaijan are unlikely to result in major disruptions to energy production and supplies, analysts say, despite the region being a critical corridor for pipelines transporting oil and gas to the global markets.

“There is …

September 28, 2020 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

Oil rises on expectations demand can survive new lockdowns

Reuters


LONDON  – Oil prices rose on Tuesday as analysts took the view that renewed lockdown restrictions would have only a limited impact on fuel demand, partly reversing a steep drop in prices the previous day.

Brent crude LCOc1 was …

September 22, 2020 - 10:30 am Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News