By Rob Verdonck (Bloomberg) Oil slumped the most since Feb. 3 as a risk-off mood blanketed Asian markets after the global spread of the coronavirus quickened over the weekend. Brent futures fell as much as 3.3% in early Asian trading on Monday. Over the weekend, finance chiefs and central bankers from the world’s largest economies said they see downside risks … Read moreOil Slumps Most in Two Weeks as Global Virus Spread Quickens

By Katherine Chiglinsky Feb 22, 2020 (Bloomberg) Warren Buffett, long under pressure from activists to detail how climate change affects his businesses, used part of his annual letter to shareholders to highlight how wind power generated by a Berkshire Hathaway Inc. utility shows the company is reducing its reliance on fossil fuels.Buffett’s letter, with topics ranging from share … Read moreBuffett Touts Wind Energy Following Climate-Change Criticism

By Kevin Crowley (Bloomberg)  Chevron Corp.’s future growth prospects may be dimming after the oil explorer pumped more crude than it discovered or bought last year, eroding its portfolio of untapped fields.New finds, acquisitions and expansions of existing oil and natural gas holdings were equivalent to just 44% of the company’s 2019 production, according to … Read moreChevron’s Future Growth Prospects Dwindle With Reserves Decline

By David R. Baker Feb 21, 2020 (Bloomberg) California is backing away — ever so slightly — from its once-sweeping mandate requiring solar panels on virtually every new home. The California Energy Commission voted unanimously in favor of a measure proposed by the Sacramento Municipal Utility District to allow homes to get power from solar farms … Read moreCalifornia Eases Up on Sweeping Solar Mandate for New Homes

By Anna Shiryaevskaya and Naureen S. Malik Feb 21, 2020 (Bloomberg) A buyer of liquefied natural gas has cancelled two cargoes from Cheniere Energy Inc., the biggest U.S. exporter, as a global glut pummels prices for the fuel and threatens to shut a key outlet for shale production.Spanish utility owner Naturgy Energy Group SA has decided … Read moreLNG Cargoes Cancelled as Virus Compounds U.S. Export Glut

By Rachel Adams-Heard Feb 21, 2020 (Bloomberg) Energy Transfer LP claims Williams Cos.’s chief executive officer covertly undermined one of the pipeline industry’s biggest-ever takeovers and then sought to cover his tracks as the $33 billion deal imploded. Williams CEO Alan Armstrong used a personal email account and private meetings to help a former employee mount a … Read moreEnergy Transfer Says CEO of Williams Secretly Undermined Takeover

By Liam Denning Feb 20, 2020 (Bloomberg Opinion) When writing about the Texas Railroad Commission, it is customary to note that, despite its name, it regulates the state’s oil and gas industry. Having read the report it just published on flaring, perhaps we can drop that disclaimer.Flaring and venting — whereby unwanted gas from oil wells is burned off or just released … Read moreTexas Tackles Its Gas Problem With Whataboutism: Liam Denning

By Kevin Crowley and Rachel Adams-Heard Feb 19, 2020, 11:03 AM – Updated on Feb 20, 2020, 5:00 AM Word Count: 375 (Bloomberg) —Who burns off the most gas in the Lone Star state’s giant oil basins?It’s not such an easy answer, according to Texas Railroad Commissioner Ryan Sitton, who released a report on flaring Tuesday amid backlash … Read moreThe U.S. Shale Drillers Flaring the Most Natural Gas in Texas – See Who They Are

By Will Wade Feb 20, 2020 (Bloomberg)At least five of America’s coal producers went  bankrupt in 2019. Prices for the fossil fuel have plunged 40% since a 2018 peak.  And some of the nation’s largest miners are retrenching and slashing their dividends.But don’t be mistaken: The fight against climate change hasn’t killed off Coal Country yet.Instead of pouring … Read moreAmerica’s Coal Country Isn’t Dead — It’s Preparing for a Comeback

By Saket Sundria and Grant Smith Feb 20, 2020 (Bloomberg) Oil steadied in London after the longest rally in a year on signs of tighter global supply, and hopes that Chinese economic stimulus will cushion fuel demand from the impact of the coronavirus.Brent traded near $59 a barrel after gaining 11% during a seven-day advance. The … Read moreOil Steady After 7-Day Rally on Supply Outlook and Stimulus Hope

February 14, 2020 Reuters U.S. energy firms added oil rigs for a second week in a row as crude prices, which have dropped about 15% this year, were set to rise this week as investor concerns began to ease over the long-term economic impact of the coronavirus. Companies added two oil rigs in the week to … Read moreU.S. drillers add oil rigs for second week in a row

By Grant Smith and Saket Sundria Feb 18, 2020 (Bloomberg) Oil fell, snapping a five-day rally, amid renewed fears over the impact on the global economy and fuel demand from Asia’s deadly coronavirus.Brent futures fell 2.3% to trade near $56 a barrel in London, slipping with equity markets as Apple Inc. warned it will fail to meet sales … Read moreOil Snaps Five-Day Rally as Virus Continues to Weigh on Demand

By Elise Young (Bloomberg)While climate-change activists are urging Harvard University’s endowment and New York City’s pension fund to rethink their fossil-fuel holdings, New Jersey says the best way to fight for cleaner energy is as an investor.Phil Murphy’s administration says that joining a global oil-and-gas divestment wave would eliminate its shareholder voice. Climate activists, though, … Read moreNew Jersey Invests in Fossil Fuels, Shunning Others’ Carbon Pullback

By Patrick Donahue and Matthew Miller Feb 15, 2020 (Bloomberg) President Donald Trump’s top energy official said he’s confident that Russia won’t be able to complete the Nord Stream 2 gas pipeline in the Baltic Sea — and signaled that the U.S. will press forward with its opposition to the project.Asked about Russian efforts to circumvent … Read moreU.S. Says It Has Thwarted $6 Billion Russia-Germany Gas Pipeline

By Elizabeth Low and Alex Longley Feb 14, 2020 (Bloomberg) Oil gained for a fourth session, the longest rising streak this year, amid signs that the worst impacts of the coronavirus outbreak may be easing.Chinese refiners have used oil’s earlier drop to snap up cheap cargoes, taking many traders by surprise. That follows the World Health Organization’s view … Read moreOil Rallies for a Fourth Day as Virus Fears Show Signs of Easing

By Kevin Crowley and Rachel Adams-Heard Feb 13, 2020 (Bloomberg) —Last month, two days before the latest government prediction that U.S. shale production would hit new heights, an oil industry conference in Houston opened with a clip of Eeyore making one of his bleak utterings: “End of the road, nothing to do and no hope of things … Read moreAmerica’s Oil Boom Feels More Like Bust in the Shale Patch

By Barbara Powell, Jeffrey Bair and Rachel Graham Feb 12, 2020 (Bloomberg) A fire broke out early Wednesday at Exxon Mobil Corp.’s Baton Rouge oil refinery in Louisiana, halting production at the fifth-biggest fuel-making plant in the U.S. The outage at the massive complex — which supplies fuels across the southeast U.S. and all the way to New … Read moreMassive Exxon Refinery Fire Poses a New Threat to Oil Demand

By David Fickling Feb 12, 2020 (Bloomberg Opinion) How cheap would you like your natural gas today? Is zero low enough? OK, how about we pay you to take it off our hands?That’s what’s happening in the middle of the U.S. shale patch at the moment — and it’s a symptom of a glut that could reshape energy markets … Read moreThe World Is Conspiring to Make Gas Cheaper: David Fickling

By Grant Smith Feb 12, 2020 (Bloomberg) Oil extended its rebound above $50 a barrel as tentative signs that Asia’s coronavirus may be easing spurred speculation that the worst of crude’s sell-off could have passed. U.S. futures rallied 2.2% in a second daily gain, having lost about 16% during the preceding month amid fears the disease … Read moreOil Extends Rally Above $50 Amid Signs Virus Spread Is Easing

By Joe Carroll and Lucia Kassai Feb 11, 2020 (Bloomberg) Exxon Mobil Corp. has been scrutinizing employee-travel budgets since the largest North American oil explorer posted its worst quarterly profit in almost four years, said people with knowledge of the matter.Auditing teams have fanned out to some divisions to analyze travel requests involving industry conferences, according to the … Read moreExxon Cracking Down on Employee Travel After Profits Collapse

By Grant Smith and Serene Cheong Feb 11, 2020 (Bloomberg) Oil recovered from a one-year low as equity markets climbed, yet widespread discounts on prompt crude supplies signaled that Asia’s coronavirus is sharply eroding demand.Brent crude added 2.1% to trade above $54 a barrel in London. But the futures curve briefly entered a full “contango” structure, … Read moreOil Rebounds, Yet Contango Warns of Glut as Virus Hits Demand

By Stephen Cunningham Feb 10, 2020 (Bloomberg) President Donald Trump has proposed selling 15 million barrels of oil from the U.S. emergency stockpile as part of his fiscal 2021 budget plan.The proposal, which requires approval from Congress, would use the proceeds of the sale to fund certain Energy Department activities, including the environmental remediation of an oil … Read moreTrump Proposes Selling 15 Million Barrels From U.S. Oil Reserve

By Karl W. Smith Feb 10, 2020 (Bloomberg Opinion) A wealth tax and a ban on hydraulic fracking, both of which have the support of Bernie Sanders and Elizabeth Warren, would address seemingly separate issues. Yet they stem from a common impulse, one that also undergirds the current trade war: to use the tax code to punish those seen … Read moreSanders, Warren – Both Want a Ban on Hydraulic Fracking and a Wealth Tax – Karl W. Smith

By Grant Smith and Elizabeth Low Feb 10, 2020 (Bloomberg) Oil held near $50 a barrel in New York on signs that OPEC and its allies probably won’t go ahead with a much-touted emergency meeting, even as a global oversupply piles up. While the coalition’s technical experts have recommended a production cutback as Asia’s coronavirus batters … Read moreOil Holds Near $50 as OPEC+ Hesitates Despite Signs of Surplus

(Reuters) – U.S. energy firms added oil rigs for the third time in four weeks even though producers planned to continue reducing spending on new drilling for a second consecutive year in 2020. Pump jacks operate at sunset in Midland, Texas U.S. February 11, 2019. Picture taken February 11, 2019. REUTERS/Nick Oxford Companies added 1 … Read moreU.S. drillers add oil rigs for third week in four: Baker Hughes

By Olga Tanas, Naureen S. Malik and Stephen Stapczynski Feb 9, 2020 (Bloomberg) Even before the deadly virus struck, another menace confronted the global energy industry: the warmest winter anyone can remember.Russia’s winter was so balmy that snow was trucked into downtown Moscow for New Year, and bears came out of hibernation. In Japan, ski competitions … Read moreEnergy Markets Need Winter, and Climate Change Is Taking It Away

By  Emily Chasan Investor introduces metrics to standardize emissions tracking Energy companies pledged to curb but couldn’t prove they were Methane leaks are making the climate crisis worse faster, but companies and investors still find them hard to trace. Legal & General Investment Management, the $1.4 trillion British asset manager, on Thursday said it will push energy … Read moreA $1.4 Trillion Asset Manager Is Zeroing In on Methane Leaks

By Rachel Adams-Heard and Kiel Porter  Feb 7, 2020 (Bloomberg)Energy Capital Partners LLC is pausing new pipeline deals, according to people familiar with the matter, as the accelerating downturn in shale prompts investors to seek returns elsewhere. The private-equity powerhouse’s head of midstream investments, Scott Rogan, is departing, said the people, who asked not to … Read moreEnergy Capital Pauses Pipeline Deals on Widening Shale Despair

By Ari Natter (Bloomberg) The Trump administration is withholding nearly a billion dollars for a clean energy program it has unsuccessfully tried to cut, congressional Democrats said Wednesday, raising the specter of political interference.The unspent funds now amount to $823 million in the Energy Department’s office that provides grants and other financial assistance for alternative energy, … Read moreTrump Withholding $823 Million for Clean Energy, Democrats Say

By Chris Martin (Bloomberg)  A wind turbine’s blades can be longer than a Boeing 747 wing, so at the end of their lifespan they can’t just be hauled away. First, you need to saw through the lissome fiberglass using a diamond-encrusted industrial saw to create three pieces small enough to be strapped to a tractor-trailer. … Read moreWind Turbine Blades Can’t Be Recycled, So They’re Piling Up in Landfills

February 4, 2020 Reuters U.S. natural gas futures on Tuesday edged up from a near four-year low on forecasts for slightly cooler weather in mid-February than earlier expected. Front-month gas futures for March delivery on the New York Mercantile Exchange rose 1.6 cents, or 0.9%, to $1.835 per million British thermal units (mmBtu) at 7:52 a.m. … Read moreU.S. natgas futures edge up from near 4-year low on cooler forecast

By Grant Smith and Alex Longley  Feb 4, 2020 (Bloomberg) Oil climbed to near $51 a barrel in New York as officials from OPEC+ gathered on Tuesday for an urgent meeting to assess the impact of the coronavirus on global demand, and how the group should respond. Under increasing pressure after crude prices sunk below $50 … Read moreOil Rises as OPEC+ Officials Meet to Check Virus Hit to Demand

By Laura Hurst Feb 4, 2020 (Bloomberg) BP Plc surprised investors with a slight increase in its dividend, bucking the trend in what has otherwise been a bleak earnings season for Big Oil. In the final set of results for retiring Chief Executive Officer Bob Dudley, the London-based company offered some respite for investors who received … Read moreBP Bucks Oil Industry Gloom

February 3, 2020 ST. PAUL, Minn. — Minnesota utility regulators on Monday approved a court-ordered revised environmental review for Enbridge Energy’s plan to replace its aging Line 3 crude oil pipeline across the state. The state Public Utilities Commission voted 3-1 to approve the environmental impact statement for the $2.6 billion project, saying the new … Read moreMinnesota regulators give key approvals for Line 3 pipeline

January 31, 2020 Reuters U.S. energy firms reduced the number of oil rigs operating for the first time in three weeks as producers follow through on plans to slash spending on new drilling for a second consecutive year in 2020. Drillers cut one oil rig in the week to Jan. 31, bringing the total count down … Read moreU.S. drillers cut oil rigs for first week in three

By Anna Shiryaevskaya and Naureen Malik Jan 30, 2020 (Bloomberg) Perched on the back of a semi-trailer is the latest weapon in tackling the problem of wasted natural gas that oil producers often vent into the air or even burn off at the wellhead.Cryobox takes fuel directly from wells and turns it into liquefied natural gas, … Read moreA Way to Halt Natural Gas Flaring Arrives on the Back of a Truck

By Jackie Davalos Jan 31, 2020 (Bloomberg) Oil is off to the worst start to a year since 1991, tumbling 16% in January on concern that the spread of coronavirus will curb demand for transportation fuels. Futures fell 1.1% in New York on Friday, capping the worst month since May as investors were rattled by the … Read moreOil Off to Slowest Start Since 1991 With Virus Fear Spreading

By Dan Murtaugh, James Herron and Saket Sundria Jan 30, 2020 (Bloomberg) For the global oil market, the coronavirus epidemic couldn’t have hit a worse place.As the industry banks on strong demand growth to overcome abundant supply, China, the epicenter of the disease, has been cherished as the engine of that consumption. Last year, when it … Read moreVirus in China Threatens Oil Market’s Top Source of Growth

By Ann Koh and Grant Smith Jan 31, 2020 (Bloomberg) Oil headed for its biggest monthly drop since May as Asia’s coronavirus spread, stoking concerns that demand for transportation fuels will shrink. Futures were little changed in New York on Friday, after sliding to a five-month low on Thursday, as the World Health Organization declared the … Read moreOil Heads for Biggest Monthly Loss Since May With Focus on Virus

By Christopher Martin Jan 30, 2020 (Bloomberg) The top two U.S. states for wind power installed their most turbines ever last year, helping push up nationwide capacity growth to a seven-year high as tax benefits sent developers rushing projects into service. Texas added almost 4 gigawatts and Iowa installed 1.7 gigawatts, expanding their lead in wind … Read moreTexas and Iowa Installed More Wind Turbines Than Ever Last Year

January 29, 2020 Reuters It’s been an extremely weak start to the new decade for liquefied natural gas (LNG) with spot prices in Asia falling to more than 10-year lows, but it’s not all doom and gloom for an industry that sees itself as part of the solution to climate change.The average spot price for … Read moreColumn: LNG, the “champagne” of fuels, should enjoy its “beer” moment

By Grant Smith and Ann Koh Jan 29, 2020 (Bloomberg) Oil extended its recovery from a three-month low as U.S. industry data showed a drop in crude inventories, while traders continued to assess the threat to demand from China’s coronavirus.Futures rose 0.9% in New York to trade near $54 a barrel, bolstered after an American Petroleum … Read moreOil Extends Rebound From Three-Month Low as Inventories Decline

By Kevin Crowley Jan 27, 2020 BP Plc’s outgoing Chief Executive Officer Bob Dudley warned Big Oil of moving too fast on investing in new technologies to counter climate change, because their failure could lead to financial ruin. “If you go too fast and you don’t get it right you can drive yourself out of … Read moreOutgoing BP CEO Warns of Moving Too Fast on Climate Change

By Matthew A. Winkler Jan 28, 2020 The greatest shakeup in automobile history reordered the stock market this month when a minnow grew larger than a whale. Tesla Inc., the 17-year-old Palo Alto maker of battery-powered, zero-emission vehicles, is now the second-largest automaker measured by market capitalization, overtaking No. 2 Volkswagen with a value of $101 billion. It … Read moreWise Up, Stock Analysts. Tesla Is the Real Deal.: Matthew A. Winkler

By Grant Smith and Ann Koh Jan 28, 2020 (Bloomberg) Oil traded near the lowest close since mid-October as the market was dominated by alarm that the deadly coronavirus will hurt economic activity in China and beyond.Futures held near $53 a barrel in New York, after losing 9% during five straight days of declines to Monday, … Read moreOil Holds Near Three-Month Low as Virus Threatens Chinese Demand

By Kevin Crowley (Bloomberg) EnCap Investments LP plans to use a $6 billion war chest to drill oil and natural gas wells, now that dwindling investor interest has made it tougher for private equity players to offload shale assets.The energy-focused firm sees “robust drilling economics” in many parts of the U.S. and is running 23 rigs … Read moreEnCap Taps $6 Billion for Shale Drilling as Buyers Walk from Shale Assets

By Rachel Adams-Heard and Kevin Crowley Jan 27, 2020 (Bloomberg) An election held in the U.S. in 2020 could do a lot to shape global climate outcomes in the immediate future. It won’t feature Joe Biden, Bernie Sanders, or Elizabeth Warren, and the winner won’t live in the White House. It’s a race for a seat … Read moreThis Year’s Other Big Climate Election? It’s for a Seat on the Texas Railroad Commission

By Rakteem Katakey and Aaron Clark  Jan 27, 2020 (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 in fatalities and infections. While the country extended the Lunar New Year … Read moreOil Falls to Three-Month Low as Virus Spread Raises Demand Fear

Reuters U.S. energy firms added oil rigs for a second consecutive week, raising doubts over producers’ plans to continue reducing spending on new drilling for a second year in a row in 2020.Companies added three oil rigs in the week to Jan. 24, bringing the total count to 676, energy services firm Baker Hughes Co … Read moreU.S. drillers add oil rigs for second week in a row

By Jackie Davalos Jan 24, 2020 (Bloomberg) Crude posted the worst weekly decline in more than a year on concern that the spread of China’s coronavirus will cripple fuel demand.Brent futures sank 2.2% in London on Friday. Deaths from the coronavirus rose to at least 26 and China expanded travel restrictions for about 40 million people in an attempt to … Read moreOil Posts Worst Week in a Year as Virus Selloff Deepens

By Stephen Stapczynski, Anna Shiryaevskaya and Naureen S. Malik Jan 23, 2020 (Bloomberg) Liquefied natural gas prices are poised to test record lows this year thanks to an onslaught of new supply and warmer winter temperatures curbing consumption.The startup of new export projects from Australia to the U.S. has flooded the market, while brimming stockpiles in … Read moreGlobal LNG Poised for Terrible Year as Supply Floods Market

By Jill Ward Jan 24, 2020 (Bloomberg) U.S. Treasury Secretary Steven Mnuchin weighed in on the debate about a carbon tax in Davos, saying technological developments would make it redundant. “If you want to put a tax on people, go ahead and put a carbon tax. That is a tax on hard working people. I personally … Read moreCarbon Tax Won’t Be Necessary Due to Technology, U.S. Treasury Secretary Mnuchin Says

Truck-Stop Pilot Flying J Expands Into Energy Market By Catherine Ngai (Bloomberg) America’s largest truck-stop company is rebranding as it grows its market share in both retail fuel and energy divisions.Pilot Flying J is changing its corporate name and structure to be called Pilot Company after a two-year push into the energy business, a growth area … Read moreTruck-Stop Pilot Flying J Expands Into Energy Market

By Doug Alexander Jan 23, 2020 (Bloomberg) Royal Bank of Canada Chief Executive Officer David McKay said any shift to a more climate-friendly economy still depends on fossil fuels.“We have a longer-term transition as we change the energy source, we move to a greener economy, but it is a transition,” McKay said Thursday during a Bloomberg … Read moreDAVOS UPDATE: RBC CEO Says Fossil Fuels Necessary in Shift to Green Economy