Reuters LONDON/MEXICO CITY – Top oil shipping companies say they have tightened operational guidelines and deployed technology to prevent accidental breaches of sanctions, as the countries hit by ever tougher restrictions fight back with elaborate strategies to dodge them. Washington has ramped up shipping-related sanctions over the last two years to make it harder for countries, such as Iran and
Oil & Gas 360 EnerCom, Inc. published a preliminary list of participating companies for The Oil and Gas Conference today. We are adding to the list daily and hope that you will be able to attend this year. Click here to register and see preliminary list. We are excited to bring the energy and investment community back together in Denver August 15-18, 2021 Conference Details: EnerCom’s The Oil & Gas Conference®
Fox Business Dominion Energy and Warren Buffett’s Berkshire Hathaway Energy have agreed to terminate a planned sale of Questar Pipelines. Dominion cited “ongoing uncertainty associated with achieving clearance from the Federal Trade Commission under the Hart-Scott-Rodino Antitrust Improvements Act of 1976” as the reason for the termination. Representatives for the FTC and Berkshire Hathaway Energy declined to comment further. Dominion said Monday’s announcement has no impact on
Reuters LONDON – Portfolio managers took profits on their bullish petroleum positions after OPEC+ failed to reach agreement on increasing production and U.S. oil prices hit their highest level since late 2014. Hedge funds and other money managers cut their combined position in the six most important petroleum futures and options contracts by the equivalent of 63 million barrels to
By Andrew Nichols: EnerCom Since August 2020, the number of United States oil and gas rigs steadily increased up to 470 oil rigs. The increase in oil rigs brings in more business and causes the price of shares for service companies to go up as shown by the OSX Index. This is a price-weighted index composed of 15 companies that
Reuters LONDON – Leading international energy companies are resisting the temptation to rush and spend an unexpected windfall from rallying oil and natural gas prices as they focus on longer-term energy transition challenges, executives and analysts said. Benchmark crude oil prices more than doubled in the second quarter of 2021 from a year earlier and have risen further in recent
Reuters LAUNCESTON, Australia – The rally in spot liquefied natural gas (LNG) prices in recent weeks has been framed as being led by robust demand in Asia and in Europe as the northern hemisphere deals with hotter-than-usual temperatures. Although this certainly has a strong influence on prices, the narrative has downplayed issues surrounding supply of the super-chilled fuel, with declining
Reuters LONDON -Oil prices slipped on Monday as concerns about slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled. Brent crude for September fell 89 cents, or 1.2%, to $74.66 a barrel by 1410 GMT. U.S. West Texas Intermediate crude for August was at $73.55 a barrel, down
Oil & Gas 360 EnerCom, Inc. published a preliminary list of participating companies for The Oil and Gas Conference today. We are adding to the list daily and hope that you will be able to attend this year. Click here to register and see preliminary list. We are excited to bring the energy and investment community back together in Denver August 15-18, 2021 Conference Details: EnerCom’s The Oil & Gas Conference®
Yahoo News President Joe Biden is set to sign an executive order on Friday aimed at promoting competition across the U.S. economy — including measures that target big tech companies, aim to lower prices for consumers and call for greater scrutiny of mergers across industries. Source: Reuters “President Biden is taking decisive action to reduce the trend of corporate consolidation,
Investing.com Japanese state-backed oil producer Japan Petroleum Exploration Co (Japex) is seeking a buyer for its 75% stake in the Hangingstone oil sands facility in Canada, two sources with direct knowledge of the matter told Reuters. Several global oil majors have rushed to sell their Canadian oil sands assets over the past four years over concerns ranging from high production
Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 4 over last week, resulting in a total count of 479 rigs. Canada had an increase of 1over last week, resulting in a total Canadian count of 137 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Utica experienced
