Post Tagged with: "oa360"
BP seeks partnerships to navigate renewables storm
BERLIN/LONDON – BP is seeking partners for offshore wind projects in Japan and may invest in hydrogen technology companies to tackle inflation and equipment bottlenecks that have battered the renewables sector.
The oil major plans to expand in …
Energy giants place tentative bets on oil finds in ‘wildcat’ Uruguay
MONTEVIDEO – Uruguay state-run energy firm Ancap is set to agree to final terms for a record number of seven offshore exploration licenses next month, a senior executive told Reuters, as the frontier market lures bets from global players …
Oil, gas, clean energy groups unite to reform “broken permitting system”
(WO) — Fossil fuel and green energy groups alike have joined forces, in an effort to reform what they call a “broken permitting system,” according to Fox News. A coalition that includes the American Petroleum Institute, Independent Petroleum …
The U.S. will be dependent on oil for far more than a decade
During President Biden’s 2023 State of the Union Address, he relayed an anecdote that I believe explains his stance toward the oil and gas industry. At first, he stayed on script with his prepared remarks, claiming:
“You …
California city gives up on 100% renewable plan
As California goes, so goes the nation, or so they say. If that rings true, the nation is set for a reversal of some of its strictest renewable energy plans, after the Huntington Beach City Council voted to …
Oil tops $120 a barrel on Saudi pricing despite OPEC+ deal
Oil prices topped $120 a barrel in choppy trade on Monday buoyed by Saudi Arabia raising its July crude prices but amid doubts that a higher output target for OPEC+ oil producers would ease tight supply.
Brent crude touched …
Commodities trading houses help keep Russian oil flowing
LAUSANNE, Switzerland – Commodities traders such as Trafigura and Vitol have helped keep Russia’s oil flowing through its Baltic and Black Sea ports in March, when some Western firms started to snub the market, according to ship tracking,
Exxon, Halliburton in talks for Iraq’s West Qurna-1 oilfield, says energy minister
(Bloomberg) –Halliburton Co. and Exxon Mobil Corp. are in talks over the latter’s attempt to sell a stake in the huge West Qurna-1 oil field in southern Iraq, according to the country’s energy minister.
Iraq wants a U.S. …
Pennsylvania nears approval of new methane rules for oil and gas wells
(Bloomberg) –Pennsylvania is in the final stages of approving a new rule that would crack down on methane emissions from older oil and gas infrastructure, while exempting a vast number of low-producing wells.
The rule would be a …
How the next decision from OPEC+ could impact oil prices, according to KPMG energy expert
Oil prices have made a huge comeback in just over a year.
U.S. oil prices turned negative in April 2020, a never-before-seen move. But, this month, West Texas Intermediate crude hit levels not seen in more than two …
U.S. shale industry tempers output even as oil price jumps
Even with oil prices surging toward $75 a barrel, U.S. shale producers are keeping their pledges to hold the line on spending and keep output flat, a departure from previous boom cycles.
This year’s run up in crude prices, …
Italy plans ‘special areas’ for renewables to help cut red tape
Italy has drawn up a series of measures to speed up the time it takes to authorise new renewable energy projects, including the creation of special areas to build them in, a draft law showed.
Italy’s complex approval process …
Canacol Energy Ltd. provides operations update
CALGARY, Alberta, May 19, 2021 (GLOBE NEWSWIRE) — Canacol Energy Ltd. (“Canacol” or the “C…
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Final U.S. offshore oil auction under Trump will test industry demand
The Trump administration on Wednesday will offer all available areas in the Gulf of Mexico for auction to oil and gas companies in its final offshore sale before the January inauguration of President-elect Joe Biden, a Democrat who has …
Green is the new black in boom for clean energy funds
LONDON – Investors are pouring money into green funds, banking on a Joe Biden presidency in the United States for a further boost to the renewable and alternative energy industry at the expense of traditional oil and gas businesses.…
Oil falls to three-month low as virus spread raises demand fear
(Bloomberg) — Oil tumbled to the lowest in more than three months on fears China’s deadly coronavirus will hit demand in a market that already has plentiful supply.
Futures plunged more than 3% as China reported an increase …
