Reuters COPENHAGEN -Orsted, the world’s largest offshore wind farm developer, is ramping up its investment in renewables to $57 billion by 2027, seeking to become a global leader in green energy and fend off growing competition. The Danish firm, which sold its oil and gas business in 2017, has benefited hugely from policies to implement the 2015 Paris Agreement, a
Reuters LONDON – Oil rose on Wednesday, supported by an OPEC+ decision to stick to its plan to restore supply to the market gradually and by the slow pace of nuclear talks between Iran and the United States. Brent rose 58 cents, or 0.8%, to $70.83 a barrel by 1323 GMT. U.S. West Texas Intermediate (WTI) crude was up 51
EnerCom’s 26th The Oil & Gas Conference® brings a broad group of public and private energy companies, energy analysts, industry leaders and investors to Denver, Aug. 15-18, 2021. Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space should register now for The Oil & Gas Conference® which will take place Aug.
Oil and Gas 360 The current mindset today in the upstream oil and gas industry is that unconventional reservoirs, such as shales, need to be hydraulically fractured to produce gas and oil because they are “tight”. If that premise is true, then why were shale reservoirs, such as the Monterey in California, the Pierre in Colorado, and the Marcellus in
Oil and Gas 360 May 27th, 2021 (Houston, TX) EnergyFunders, a platform that provides individual investors direct access to institutional-grade oil and gas projects, has announced a new $25 million Yield Fund opportunity. This first of its kind Yield Fund will include two types of highly vetted, income-generating oil and gas projects: 1. Proven development projects, where we pay
Reuters Oil prices will see a gradual uptick this year as economies shake off pandemic blues and weather headwinds from the coronavirus crisis in India and a potential return of Iranian supply, a Reuters poll showed on Tuesday. The survey of 45 participants forecast Brent would average $64.79 per barrel — the sixth straight upward revision in the 2021 consensus
MSN The United States recently seized a ship and then sold off the Iranian oil it was carrying, according to reports over the weekend. U.S. authorities in February seized the Liberian-flagged tanker Achilleas off the coast of the United Arab Emirates as it was transporting Iranian oil, the Associated Press reported Monday. The U.S. government brought the cargo to Houston, Texas, where it
Reuters Venezuelan state oil company PDVSA is turning to local partners as it seeks to plug the gap left by Western companies in the OPEC nation’s oil sector, according to interviews with a half dozen industry sources, as a key U.S. sanctions deadline looms. U.S. President Joe Biden must decide by June 3 whether to extend a measure allowing Chevron
Reuters OSLO – Equinor’s Johan Castberg oilfield in the Arctic Barents Sea won’t come on stream until the end of 2023, a year later than planned due to technical problems that have also hit its value, Norway’s oil and gas safety watchdog said on Tuesday. The Petroleum Safety Authority (PSA) said in a statement it had identified “serious breaches” of
Reuters LONDON -OPEC+ oil producers agreed on Tuesday to stick to the existing pace of gradually easing supply curbs through July, as they sought to balance expectations of a recovery in demand against a possible increase in Iranian supply. The Organization of the Petroleum Exporting Countries and allies – known collectively as OPEC+ – decided in April to return 2.1
Reuters LONDON -Oil prices rose on Tuesday, with Brent hitting above $71 and trading at its highest since March, on expectations for growing fuel demand during the summer driving season in the United States as OPEC+ agreed to boost output. Prices were also boosted by Chinese data showing that the country’s factory activity grew at its fastest this year in
EnerCom’s 26th The Oil & Gas Conference® brings a broad group of public and private energy companies, energy analysts, industry leaders and investors to Denver, Aug. 15-18, 2021. Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space should register now for The Oil & Gas Conference® which will take place Aug.
