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Solving California’s Power Crisis Is Both Simple and Unpopular

By David R Baker, Mark Chediak, Brian Eckhouse and Dave Merrill Sep 18, 2020 (Bloomberg) Modern societies aren’t supposed to lose power when it gets hot, and few spots are as indispensable to modernity as California, home to some of the world’s most significant and electricity-dependent tech companies. So when blackouts rolled across the state last month, they weren’t … Read more Solving California’s Power Crisis Is Both Simple and Unpopular

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Oil Falls After Libyan Warlord Says Exports Can Resume

FILE PHOTO: An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018. Picture taken July 4, 2018. REUTERS/Stringer

By Grant Smith and Sharon Cho Sep 18, 2020 (Bloomberg) Oil fell, paring its biggest weekly gain since June, as Libyan military commander Khalifa Haftar said he will allow crude production and exports to resume.Futures slid 0.7% in New York following the announcement from Haftar, who controls most of eastern Libya and has halted operations … Read more Oil Falls After Libyan Warlord Says Exports Can Resume

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Gas Companies Are Abandoning Their Wells, Leaving Them to Leak Methane Forever

by Mya Frazier Sep 17, 2020 (Bloomberg)  The story of gas well No. 095-20708 begins on Nov. 10, 1984, when a drill bit broke the Earth’s surface 4 miles north of Rio Vista, Calif. Wells don’t have birthdays, so this was its “spud date.” The drill chewed through the dirt at a rate of 80 ½ … Read more Gas Companies Are Abandoning Their Wells, Leaving Them to Leak Methane Forever

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Natural Gas Craters After Weak Demand, Glut Blindside Bulls

Natural Gas

By Christine Buurma and Naureen S. Malik Sep 17, 2020 (Bloomberg) For all the heat waves and hurricanes that have wreaked havoc in America this year, nothing has stopped the nation’s natural gas supplies from swelling, with a massive stockpile gain blindsiding traders on Thursday and sending prices plunging by the most in almost two years.U.S. … Read more Natural Gas Craters After Weak Demand, Glut Blindside Bulls

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U.S. oil producers, exporters tally damages from Hurricane Sally, begin restarts

September 17, 2020 Reuters Storm-tossed U.S. offshore energy producers and exporters began clearing debris on Thursday from Hurricane Sally and booting up idle Gulf of Mexico operations after hunkering down for five days. The storm toppled trees, flooded streets and left about 570,000 homes and businesses from Mississippi to Florida without power. Sally became a … Read more U.S. oil producers, exporters tally damages from Hurricane Sally, begin restarts

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Swollen Diesel Stockpiles Threaten Oil Price Recovery

By Mike Jeffers Sep 17, 2020 (Bloomberg) The oil market has a diesel problem and it’s not letting up. While crude stockpiles in the U.S. are sitting at the lowest since April, supplies of distillates, which include diesel, heating oil and jet fuel, are continuing to swell and skyrocketed to the highest level for this time … Read more Swollen Diesel Stockpiles Threaten Oil Price Recovery

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An Oil Giant’s Case for Peak Demand, Even Without Climate Heroics

gas pumps

By Nathaniel Bullard Sep 17, 2020 (Bloomberg) One of the biggest international oil companies has concluded that oil consumption will peak this decade. That’s the main takeaway from BP Plc’s annual energy outlook published this week outlining a handful of scenarios for the future of global fuel and electricity demand, and it’s a big admission in its own right. Even … Read more An Oil Giant’s Case for Peak Demand, Even Without Climate Heroics

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After Oil: Throwing Money at Green Energy Isn’t Enough: Meghan L. O’Sullivan

By Meghan L. O’Sullivan Sep 17, 2020, (Bloomberg Opinion) –This is the last of three columns on the impact of Covid-19 on the energy transition. You can read the first and second parts here and here. The geopolitical and geo-economic forces wrought by the coronavirus pandemic, as examined previously in this series, are likely to slow the transition to … Read more After Oil: Throwing Money at Green Energy Isn’t Enough: Meghan L. O’Sullivan

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Oil Steadies Before OPEC+ Review Meeting on Tackling Oversupply

By Sharon Cho and Grant Smith Sep 17, 2020 (Bloomberg) Oil steadied after its biggest surge since June as the OPEC cartel and its partners prepared to assess a downbeat outlook for the crude market. Futures slid 0.1% in New York to trade near $40 a barrel. Earlier, oil joined other commodities and European stocks in moving lower … Read more Oil Steadies Before OPEC+ Review Meeting on Tackling Oversupply

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Dakota Access Oil Pipe Likely Safe From Shutdown Through 2020

By Ellen Gilmer  Sep 17, 2020 (Bloomberg) The Dakota Access oil pipeline is poised to stay in service at least through December under a new court schedule, assuming the Trump administration doesn’t force a shutdown. Under the proposed briefing schedule filed Wednesday, a federal court in Washington won’t be prepared to rule until late December, at … Read more Dakota Access Oil Pipe Likely Safe From Shutdown Through 2020

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Targa Resources Corp. Releases Sustainability Report

Targa Resources

September 16, 2020 | Source: Targa Resources Corp. HOUSTON, Sept. 16, 2020 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that its Sustainability Report for 2019 is now available on the Company’s website at https://www.targaresources.com/sustainability. The report advances Targa’s sustainability disclosures and highlights Targa’s framework of policies, practices and systems in … Read more Targa Resources Corp. Releases Sustainability Report

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Ultra Successfully Completes Financial Restructuring and Emergence from Bankruptcy

September 16, 2020  | Source: UP Energy, LLC ENGLEWOOD, Colo., Sept. 16, 2020 (GLOBE NEWSWIRE) — UP Energy, LLC (formerly known as UP Energy Corporation) (the “Company” or “Ultra”) today announced that on September 14, 2020 the conditions to effectiveness of its Chapter 11 Plan of Reorganization, which was confirmed by the United States Bankruptcy Court … Read more Ultra Successfully Completes Financial Restructuring and Emergence from Bankruptcy

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Enservco Signs Non-Binding Letter of Intent with Lender to Amend its Senior Revolving Credit Facility for Substantial Debt Reduction, New Working Capital Revolver and Equity

September 17, 2020  | Source: Enservco Total bank debt would be reduced from approximately $33 million to approximately $17 million Bank would receive eight million shares of Enservco restricted common stock and warrants for 15 million shares of common stock in exchange for debt reduction Debt reduction would result in a $17.5 million increase in stockholders’ … Read more Enservco Signs Non-Binding Letter of Intent with Lender to Amend its Senior Revolving Credit Facility for Substantial Debt Reduction, New Working Capital Revolver and Equity

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Trump administration eyes at least $300 million aid to refiners denied biofuel waivers

September 16, 202o Reuters Marathon Oil Martinez, California Refinery The Trump administration is considering at least $300 million in cash aid to U.S. oil refiners that are denied exemptions to U.S. biofuel blending laws for the 2019 compliance year, two sources familiar with the matter said.Although the administration has yet to rule on the 2019 … Read more Trump administration eyes at least $300 million aid to refiners denied biofuel waivers

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IEA Says Oil Market More Fragile as Resurgent Virus Hurts Demand

By Grant Smith Sep 15, 2020 (Bloomberg)  The outlook for global oil markets has grown “even more fragile” as a resurgent pandemic derails the recovery in demand, the International Energy Agency said.  The IEA, which advises major economies, trimmed forecasts for fuel consumption for the rest of the year and predicted that oil inventories — … Read more IEA Says Oil Market More Fragile as Resurgent Virus Hurts Demand

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Abu Dhabi Takes $615 Million Stake in U.S. LNG Exporter Cheniere

By Katrina Lewis Sep 16, 2020 (Bloomberg) Abu Dhabi’s sovereign wealth fund disclosed a 5.1% stake in Cheniere Energy Inc., the largest U.S. exporter of liquefied natural gas.Abu Dhabi Investment Authority disclosed its holding in a filing dated Monday, giving it an interest in Cheniere valued at $615 million. It’s Cheniere’s fourth-largest shareholder, according to … Read more Abu Dhabi Takes $615 Million Stake in U.S. LNG Exporter Cheniere

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Pandemic Borrowing Seen Driving the Next Bankruptcy Surge in 2021

By Josh Saul Sep 15, 2020 (Bloomberg) The next big wave of U.S. bankruptcy filings won’t happen until mid-2021, when companies that borrowed heavily to survive Covid-19 hit a wall, says bankruptcy attorney James Sprayregen of Kirkland & Ellis. “You could think of it as a rat of debt working its way through the snake, and … Read more Pandemic Borrowing Seen Driving the Next Bankruptcy Surge in 2021

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Oil Gains After Report of Surprise Drop in U.S. Crude Stocks

By Sharon Cho and Grant Smith  Sep 16, 2020 (Bloomberg) Oil extended gains to near $39 a barrel in New York, buoyed by an industry report of a surprise drop in U.S. crude stockpiles and advances in other financial markets.The American Petroleum Institute reported crude stockpiles declined by 9.52 million barrels last week, according to people familiar with … Read more Oil Gains After Report of Surprise Drop in U.S. Crude Stocks

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Big Oil Goes Looking for a Career Change

By Javier Blas Sep 14, 2020 (Bloomberg) For most of the past century, Big Oil executives found it pretty easy to explain to investors how their businesses worked.  Just locate more of the commodities that everyone needed, extract and process them as cheaply as possible, and watch the profits flow. That’s all over now. The change has … Read more Big Oil Goes Looking for a Career Change

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What Tesla, Exxon Mobil and Shale Have in Common

By Liam Denning (Bloomberg Opinion) The end of summer was like some Hollywood take on the end of the oil age. Except these things actually happened: Exxon Mobil Corp., Big Oil’s unofficial figurehead, was booted from the Dow Industrials after nearly a century in the index; Following a long decline, the energy sector finally became the smallest … Read more What Tesla, Exxon Mobil and Shale Have in Common

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California, 19 other states, sue Trump administration for weakening methane rules

By Reuters Staff (Reuters) – California and 19 other states on Monday filed a lawsuit challenging the Trump administration’s decision to weaken curbs on methane emissions from the oil and gas industry, saying the widespread West Coast wildfires should be a reminder of the dangers posed by climate change. U.S. President Donald Trump is scheduled to … Read more California, 19 other states, sue Trump administration for weakening methane rules

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Strategic Business Planning: Winners, Losers, and Everything In Between – Planning for Sustainability

In the final installment of the Winners, Losers, and Everything In Between series, we address “Planning for Sustainability”. What is sustainability and how does one plan for it? Sustainability relates to 1) reduced usage of water and general carbon, 2) lower greenhouse gas emissions, and 3) enhanced recycling and reuse, both corporately and individually. In … Read more Strategic Business Planning: Winners, Losers, and Everything In Between – Planning for Sustainability

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88 Energy confirms large oil discovery – upgrades Net Pay from Charlie-1 Well

88 Energy Feature Logo 400x270

88 Energy (ASX: 88E | AIM: 88E) last week released a substantial upgrade to the Net Pay encountered on the Charlie-1 appraisal well, drilled earlier this year on the North Slope of Alaska. The dual listed oil junior drilled seven stacked targets with a total gross mean prospective resource of 1.6 billion barrels (480 million … Read more 88 Energy confirms large oil discovery – upgrades Net Pay from Charlie-1 Well

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WEBINAR: Early Planning​ Imperatives for ​4D Modularization ​Success: DyCat Solutions

DyCat Solutions Feature Logo 400x270

The benefits to capital projects utilizing Modularization and offsite Fabrication continue to grow, and to become more transparent. To launch the next wave of innovation, adding Schedule Data (the 4th dimension) to Modularization planning, certain Engineering, and Procurement, and Construction enhancements and modifications are needed to maximize productivity, predictability, and performance. This Webinar will show … Read more WEBINAR: Early Planning​ Imperatives for ​4D Modularization ​Success: DyCat Solutions

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Oil Rises With China Economic Data Countering Demand Fears

FILE PHOTO: An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018. Picture taken July 4, 2018. REUTERS/Stringer

By Grant Smith and Sharon Cho Sep 15, 2020 (Bloomberg) Oil rose as data showed China’s economic recovery from the coronavirus crisis is gathering strength, offsetting a bleak assessment of demand by another top energy organization. Futures gained 1.2% with below-average trading volumes in New York. Chinese retail sales rose for the first time this year in August … Read more Oil Rises With China Economic Data Countering Demand Fears

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Trump Denies Oil Refiners’ Push for Biofuel Exemptions

 Sep 14, 2020 (Bloomberg) The Environmental Protection Agency said it won’t retroactively exempt small oil refiners from biofuel blending requirements, a victory for ethanol producers as President Donald Trump attempts to shore up support in the U.S. Corn Belt. The EPA said on Monday it would deny “gap-filling” petitions for 2011-18. Refineries didn’t provide information that would … Read more Trump Denies Oil Refiners’ Push for Biofuel Exemptions

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Exterran Corporation Updates Third Quarter And Full Year 2020 Guidance

September 15, 2020| Source: Exterran Corporation HOUSTON, Sept. 15, 2020 (GLOBE NEWSWIRE) — Exterran Corporation (NYSE: EXTN) (“Exterran” or the “Company”) updated its third quarter and full year 2020 guidance. Andrew Way, Exterran’s President and Chief Executive Officer commented, “The third quarter, thus far, has delivered stronger operational performance than prior guidance, driven by productivity and additional … Read more Exterran Corporation Updates Third Quarter And Full Year 2020 Guidance

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Infrastructure and Energy Alternatives, Inc. Awarded 302 MW EPC Wind Contract in Indiana

September 15, 2020  | Source: Infrastructure and Energy Alternatives, Inc. INDIANAPOLIS, Sept. 15, 2020 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with renewable energy and specialty civil expertise, today announced that the Company has been awarded an EPC wind contract in excess of $100 … Read more Infrastructure and Energy Alternatives, Inc. Awarded 302 MW EPC Wind Contract in Indiana

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Refiners, offshore producers shut ahead of Hurricane Sally landfall

FILE PHOTO: Representative Steve Scalise (R-LA) views BP's Thunder Horse Oil Platform in the Gulf of Mexico, from the air, 150 miles from the Louisiana coast in this May 11, 2017 handout photo obtained by Reuters June 26, 2017. Chris Bond/Handout via REUTERS

By Erwin Seba HOUSTON (Reuters) – More than one-fifth of U.S. offshore oil production was shut and key exporting ports were closed on Tuesday ahead of Hurricane Sally’s landfall on the U.S. Gulf Coast, the second significant hurricane to shutter oil and gas activity over the last month. Sally was upgraded to a Category 2 … Read more Refiners, offshore producers shut ahead of Hurricane Sally landfall

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Connecticut sues Exxon for deceiving consumers about climate change

By Reuters Staff WASHINGTON (Reuters) – Connecticut filed a lawsuit on Monday against oil giant Exxon Mobil Corp for misleading the public over the impacts of climate change, becoming the latest state to target the fossil fuel industry for violating state consumer protection laws. The state’s attorney general William Tong filed the lawsuit in Connecticut’s … Read more Connecticut sues Exxon for deceiving consumers about climate change

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Apache Corporation Provides Update on Kwaskwasi-1 Discovery Well in Block 58 Offshore Suriname; Operations Commenced at Next Exploration Location, Keskesi

September 14, 2020 | Source: Apache Corporation HOUSTON, Sept. 14, 2020 (GLOBE NEWSWIRE) — Apache Corporation (Nasdaq: APA) and Total S.A. (NYSE: TOT) today provided an update to the technical evaluation of the Kwaskwasi-1 discovery well offshore Suriname. As previously announced, Kwaskwasi-1 discovered hydrocarbons in multiple stacked targets in the upper Cretaceous-aged Campanian and Santonian intervals. The … Read more Apache Corporation Provides Update on Kwaskwasi-1 Discovery Well in Block 58 Offshore Suriname; Operations Commenced at Next Exploration Location, Keskesi

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U.S. natgas futures jump 4% as output falls, LNG exports soar

Natural Gas

September 14, 2020 Reuters U.S. natural gas futures jumped 4% on Monday as output fell and liquefied natural gas exports soared. That price increase came despite forecasts for milder weather expected to produce little heating or cooling demand over the next two weeks. After falling to a four-week low last week, front-month gas futures rose 9 … Read more U.S. natgas futures jump 4% as output falls, LNG exports soar

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BP Says the Era of Oil-Demand Growth Is Over

BP Gas Station

By Rakteem Katakey Sep 14, 2020 (Bloomberg) BP Plc said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more. Oil consumption may never return to levels seen before the coronavirus crisis took hold, BP said in a report on Monday. … Read more BP Says the Era of Oil-Demand Growth Is Over

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Oil Falls Near $37 With Demand in Focus Before OPEC+ Meeting

By Sharon Cho and Grant Smith  Sep 14, 2020 (Bloomberg) Oil declined as companies from BP Plc to Trafigura Group questioned the future of demand growth days before OPEC and its allies meet to assess whether they’re still managing to shore up the market. The rebound has stalled as OPEC+ returns some supply to the market, … Read more Oil Falls Near $37 With Demand in Focus Before OPEC+ Meeting

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The 90s Are Over, Let’s Stop Basing Capital Cost Decisions on Lagging Indicators

The-90s-Are-Over-Let’s-Stop-Basing-Capital-Cost-Decisions-on-Lagging-Indicators-Header-1024x536

By Vista Projects Remember the good old days of emerging digital technology? Accessing information through a dial-up internet connection. Saving data to floppy discs or CDs. Sending emails to have them printed for storage. Mobile connectivity was new, exciting, and… slow compared to what we have today. In the energy sector, data access limitations influenced … Read more The 90s Are Over, Let’s Stop Basing Capital Cost Decisions on Lagging Indicators

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Add intelligence to your existing industrial cameras – Benefit from management by exception

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Connecting your legacy industrial cameras to Osperity’s Intelligent Visual Monitoring Platform is a very cost-effective way to benefit from exception-based video analytics Osperity’s flexible open platform is a camera agnostic system which makes it easy to onboard industrial rated legacy cameras already installed in the field. If you have cameras on your site you likely … Read more Add intelligence to your existing industrial cameras – Benefit from management by exception

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OPEC+ Bid to Rescue Oil Market Falters as Demand Recovery Stalls

By Grant Smith  Sep 13, 2020 (Bloomberg) It was meant to be the week when OPEC nations gathered in Baghdad to celebrate the cartel’s six decades as a dominant force in global oil markets. Instead, the Organization of Petroleum Exporting Countries and its allies will convene online, and reflect on whether the coranavirus has thwarted their … Read more OPEC+ Bid to Rescue Oil Market Falters as Demand Recovery Stalls

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September 21-23: GeoConvention will be hosting the 2020 program completely virtual!

GeoConvention2018_logo_working

We are excited to be exploring opportunities to bring nearly 800 presentations to your computer or mobile device through an interactive platform that will allow for learning, knowledge sharing and even networking! In addition to the platform change, GeoConvention 2020 will be hosted September 21 – September 23 this date change is to avoid the last week of summer … Read more September 21-23: GeoConvention will be hosting the 2020 program completely virtual!

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U.S. oil & gas rig count falls for the first time in four weeks -Baker Hughes

By Scott DiSavino Sept 11 (Reuters) – U.S. energy firms cut the number of oil and natural gas rigs operating for the first time in four weeks even as a rebound in crude prices from coronavirus lows over the past few months prompted some producers to return to the wellpad. The U.S. oil and gas … Read more U.S. oil & gas rig count falls for the first time in four weeks -Baker Hughes

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Oil companies idle production as U.S. Gulf Coast braces for hurricane

By Reuters HOUSTON (Reuters) – Energy producers and communities along the U.S. Gulf Coast organized evacuations of residents and offshore workers on Sunday as they prepared for the second hurricane strike in less than a month. Royal Dutch Shell Plc began shutting some of its offshore drilling operations on Sunday in preparation for Tropical Storm … Read more Oil companies idle production as U.S. Gulf Coast braces for hurricane

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Death of a Permian Pipeline Signals Leaner Days Ahead for Shale

Pipeline

By Sheela Tobben Sep 9, 2020 (Bloomberg) Enterprise Products Partners LP became the first to abandon a major crude pipeline in the heart of America’s shale patch on Wednesday in what may be yet another sign that the pandemic-fueled rout in U.S. oil markets isn’t over.With lockdowns across the nation eviscerating fuel demand, Enterprise shelved plans to … Read more Death of a Permian Pipeline Signals Leaner Days Ahead for Shale

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Oil Market Buckles Under Pressure of Pandemic’s Second Wave

FILE PHOTO: An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018. Picture taken July 4, 2018. REUTERS/Stringer

By Brian Wingfield, Alex Longley and Jack Wittels Sep 9, 2020 (Bloomberg) Six months after the coronavirus pandemic’s initial punch, signs of a second wave are already emerging in the oil market.China’s buying has slowed after the nation binged when crude was cheap. Some of the largest producers in the Middle East are slashing prices for … Read more Oil Market Buckles Under Pressure of Pandemic’s Second Wave

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Join mCloud as they Connect the Dots to your Connected Tomorrow. Register for 2nd Annual mCloud Connect! – It’s FREE!

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Your Connected Tomorrow Starts Today You are invited to the second annual mCloud Connect! mCloud Connect brings together industry, high-tech, and finance leaders to address the role that digital transformation and new connected technologies will play in operating assets and critical infrastructure in a post COVID-19 world. This interactive event taking place over three half-days … Read more Join mCloud as they Connect the Dots to your Connected Tomorrow. Register for 2nd Annual mCloud Connect! – It’s FREE!

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Democrats unveil green alternative for U.S. economic stimulus

By Valerie Volcovici WASHINGTON (Reuters) – Democratic lawmakers on Thursday unveiled a U.S. economic recovery agenda that would bolster union jobs while tackling climate change and racial injustice – a wide ranging alternative to Republican proposals for stimulating the coronavirus-battered economy. Senate Minority Leader Chuck Schumer and Representative Deb Haaland introduced the resolution called THRIVE … Read more Democrats unveil green alternative for U.S. economic stimulus

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Oil Set for First Back-to-Back Weekly Losses Since April’s Rout

By Ann Koh and Alex Longley Sep 11, 2020 (Bloomberg) Oil headed for its first back-to-back weekly losses since April’s price rout, driven by a sharp slump in risk sentiment earlier in the week and a patchy demand recovery.Futures in London fluctuated around $40 a barrel on Friday, down about 6% for the week. U.S. crude … Read more Oil Set for First Back-to-Back Weekly Losses Since April’s Rout

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Oil Traders Snap Up Tankers in Sign Second-Wave Glut May Be Near

Crude Oil Shipments In The Persian Gulf

by Sheela Tobben and Javier Blas Sep 11, 2020 (Bloomberg) Some of the world’s biggest oil traders are getting ready for the possible resurgence of a coronavirus-induced glut of crude and fuels, snapping up giant tankers for months-long charters so that they can be ready to store excess barrels if necessary. The chartering spree is likely … Read more Oil Traders Snap Up Tankers in Sign Second-Wave Glut May Be Near

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Power sector transformation will get world one third of way to net zero: IEA

Nina Chestney LONDON (Reuters) – The transformation of the power sector will only get the world one third of the way to a goal of achieving net zero emissions by mid-century, a report by the International Energy Agency (IEA) said on Thursday. Global carbon dioxide (CO2) emissions are expected to fall this year by 8% … Read more Power sector transformation will get world one third of way to net zero: IEA

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Risk Matters: How To Prioritize Outstanding Action Items

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You’re reviewing the list of action items your company is working through and can’t believe the sheer number. Some of your facilities have been operating for decades, how can there be so many action items from days, months, or even years ago? The amount of activity driven by PHA findings, audits and incident investigations, site … Read more Risk Matters: How To Prioritize Outstanding Action Items

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Power sector transformation will get world one third of way to net zero: IEA

Nina Chestney LONDON (Reuters) – The transformation of the power sector will only get the world one third of the way to a goal of achieving net zero emissions by mid-century, a report by the International Energy Agency (IEA) said on Thursday. Global carbon dioxide (CO2) emissions are expected to fall this year by 8% … Read more Power sector transformation will get world one third of way to net zero: IEA

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Why We Still Can’t Stop Oil Spills From Damaging the Environment

By Erica Yokoyama (Bloomberg) It has been more than half a century since the world looked on in horror as the Torrey Canyon spilled some 100,000 tons of crude oil onto the coast of Britain. But when just 1,000 tons of fuel oil leaked from the bulk carrier Wakashio last month off Mauritius, it still caused … Read more Why We Still Can’t Stop Oil Spills From Damaging the Environment

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Exterran Corporation Announces Resignation of Chief Operating Officer

September 10, 2020 | Source: Exterran Corporation HOUSTON, Sept. 10, 2020 (GLOBE NEWSWIRE) — Exterran Corporation (NYSE: EXTN) (“Exterran” or the “Company”) today announced that Girish Saligram communicated his voluntary resignation as Chief Operating Officer, effective September 25, 2020, to assume the chief executive officer position at another company. Andrew Way, Exterran’s President and Chief Executive … Read more Exterran Corporation Announces Resignation of Chief Operating Officer

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U.S. Job Losses in Oilfield Services and Equipment Top 100,000: Trade Group

(Reuters) – Oilfield job losses from the COVID-19 pandemic topped 100,000 in the United States in August, according to a report released on Tuesday by trade group Petroleum Equipment & Services Association (PESA), even though some idled drilling projects have resumed. There was 121,000 oilfield jobs lost in the last 12 months, the report said, … Read more U.S. Job Losses in Oilfield Services and Equipment Top 100,000: Trade Group

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Wilks Brothers formalizes Calfrac takeover offer ahead of vote on restructuring plan

CALGARY — Texas-based Wilks Brothers LLC says it is making formal the $26.1-million takeover bid for Calfrac Well Services Ltd. it proposed last week, while continuing to urge shareholders to reject a management reorganization plan.
The company, which…

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BP’s $1.1 Billion Deal Marks First Step Into Offshore Wind

By Mikael Holter and Rakteem Katakey  Sep 10, 2020 (Bloomberg) BP Plc, the oil giant that announced a seismic strategy shift last month, made its first venture into offshore wind power with a $1.1 billion purchase of U.S. assets from Norway’s Equinor ASA. The deal marks the start of an offshore-wind investment partnership in the region … Read more BP’s $1.1 Billion Deal Marks First Step Into Offshore Wind

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Oil Drops After Report Shows U.S. Stockpiles Set to Rise

By Ann Koh and Alex Longley  Sep 10, 2020 (Bloomberg) Oil fell as industry data pointed to an increase in U.S. crude stockpiles. Futures in New York fell below $38 a barrel after rising 3.5% Wednesday. The American Petroleum Institute reported crude stockpiles climbed by almost 3 million barrels last week, according to people familiar with … Read more Oil Drops After Report Shows U.S. Stockpiles Set to Rise

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PDC Energy Launches $150 Million Tack-on Senior Notes Offering

September 10, 2020  | Source: PDC Energy, Inc. DENVER, Sept. 10, 2020 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced that, subject to market conditions, the Company is commencing a registered offering of an additional $150 million aggregate principal amount of its existing 5.75% Senior Notes due 2026 (the “Existing Notes”). … Read more PDC Energy Launches $150 Million Tack-on Senior Notes Offering

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Mini-Reactors Are Gaining Traction in the Push for Greener Grids

By Will Wade Aug 31, 2020 The nuclear industry has been stalled for years now, struggling to compete with cheaper forms of power and viewed as suspect ever since the accidents at Fukushima, Chernobyl and Three Mile Island. Only two reactors are being built in the U.S., in Georgia, and they are years behind schedule … Read more Mini-Reactors Are Gaining Traction in the Push for Greener Grids

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Energy Transfer projects expanded Dakota Access pipeline to operate late next year

NEW YORK (Reuters) – Energy Transfer LP expects to have expanded capacity available on its embattled Dakota Access crude oil pipeline by the third quarter of next year, it said on Tuesday in a presentation to investors. The Dallas-based pipeline operator plans to roughly double the amount of crude oil that can flow through the … Read more Energy Transfer projects expanded Dakota Access pipeline to operate late next year

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Anadarko Petroleum: A Worthless Oil Field and the CEO’s $100 Million Windfall

By Rachel Adams-Heard and Kevin Crowley Sep 9, 2020 (Bloomberg) The meeting would mark the beginning of the end of Lea Frye’s career in oil and gas.It was February 2014. Frye, at the time a senior engineer with Anadarko Petroleum Corp., had the job of calculating how much oil was waiting to be extracted from fields … Read more Anadarko Petroleum: A Worthless Oil Field and the CEO’s $100 Million Windfall

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Enbridge to resume operation of east segment of line 5 in the Straits of Mackinac

September 9, 2020 CNW CALGARY, AB and LANSING – Enbridge (TSX: ENB) (NYSE: ENB) will restart the east segment of Line 5 in the Straits of Mackinac after receiving authorization from the Pipeline and Hazardous Materials Safety Administration (PHMSA) and approval from the Michigan Circuit Court. Vern Yu, Executive Vice President and President of Liquids Pipelines said, “The decision to allow the … Read more Enbridge to resume operation of east segment of line 5 in the Straits of Mackinac

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Trump Extends Drilling Ban to Woo Florida Voters in Tight Race

By Jennifer A. Dlouhy and Jennifer Jacobs Sep 8, 2020 (Bloomberg) President Donald Trump announced a 10-year ban on offshore oil development near the coasts of Florida and the southeast U.S. as he wooed voters in a must-win state where polls show the race too close to call. Trump signed a memo effectively extending a moratorium … Read more Trump Extends Drilling Ban to Woo Florida Voters in Tight Race

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The New Target for Activists & Investors? Natural Gas! The Rich World’s New Coal

Natural Gas

By Vanessa Dezem, Stephen Stapczynski and Naureen Malik (Bloomberg) –Even the cleanest fossil fuel is losing its appeal to rich nations. Just a few years ago, natural gas was hailed as vital for the transition toward an economy that runs on renewable energy. But sentiment is changing and the fuel is going the same way … Read more The New Target for Activists & Investors? Natural Gas! The Rich World’s New Coal

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Oil Buoyed By Equity Gains and Technical Support

By Ann Koh and Alex Longley Sep 9, 2020 (Bloomberg) Oil in London moved back above $40 a barrel, as markets broadly rebounded from Tuesday’s sharp selloff.Futures rose 1.1% after a precipitous slump a day earlier that saw prices settle below $40 for the first time since June 15. While crude rallied along with other risky assets, … Read more Oil Buoyed By Equity Gains and Technical Support

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Saudi Arabia’s Financial Woes Mean It’s Squeezing Cash Cow Aramco

By Matthew Martin Sep 9, 2020 (Bloomberg) The world’s biggest oil company is getting squeezed by its main shareholder, the Saudi Arabian government. Even with crude dropping to $40 a barrel this week and its cash flow plunging, Saudi Aramco is trying to pay a $75 billion dividend this year, almost all of it to the state. Concerns … Read more Saudi Arabia’s Financial Woes Mean It’s Squeezing Cash Cow Aramco

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Rosehill Resources Inc. and Rosehill Operating Company, LLC Emerge from Chapter 11

September 08, 2020  | Source: Rosehill Resources Inc. HOUSTON, Sept. 08, 2020 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (“RRI”) and Rosehill Operating Company, LLC (“Rosehill Operating” and together with RRI, “Rosehill” or the “Company”) announced that, on September 4, 2020 (the “Effective Date”), they emerged from chapter 11 bankruptcy (the “Chapter 11 Cases”) pursuant to their … Read more Rosehill Resources Inc. and Rosehill Operating Company, LLC Emerge from Chapter 11

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Trump administration to deny pending retroactive U.S. biofuel waivers, say sources

U.S. President Donald Trump delivers remarks on his proposed changes to the tax code during an event with energy workers at the Andeavor Refinery in Mandan, North Dakota, U.S. September 6, 2017. REUTERS/Jonathan Ernst/File Photo

WASHINGTON (Reuters) – U.S. President Donald Trump has instructed that dozens of oil refiner requests for retroactive waivers from U.S. biofuel laws be denied amid concerns the issue could cut into his support in the Farm Belt, three sources familiar with the decision said. The move, in the form of a direction to the Environmental … Read more Trump administration to deny pending retroactive U.S. biofuel waivers, say sources

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California’s Climate Crisis Is Deepening With 500,000 Going Dark

By Joe Ryan and Brian Eckhouse By Joe Ryan, Brian Eckhouse and Mark Chediak Sep 9, 2020 (Bloomberg) In a matter of weeks, California has been hit with two record-breaking heat waves, hundreds of blazes, freak lightning storms and dangerously poor air quality. Now, unusually strong winds are threatening to knock down power lines and ignite more … Read more California’s Climate Crisis Is Deepening With 500,000 Going Dark

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Rosehill Resources Inc. and Rosehill Operating Company, LLC Emerge from Chapter 11

September 08, 2020  | Source: Rosehill Resources Inc. HOUSTON, Sept. 08, 2020 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (“RRI”) and Rosehill Operating Company, LLC (“Rosehill Operating” and together with RRI, “Rosehill” or the “Company”) announced that, on September 4, 2020 (the “Effective Date”), they emerged from chapter 11 bankruptcy (the “Chapter 11 Cases”) pursuant to their … Read more Rosehill Resources Inc. and Rosehill Operating Company, LLC Emerge from Chapter 11

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Maximum Margin = Sharp Tools + True Aim – Becht

By Darren York It’s time that we shift our focus away from the doom, the gloom, the fear, and the uncertainty of today’s industry news.  Flip to the Comic section for a moment in your mind.  In the first panel, picture a distraught teenager feeling alone and in the next panel, that teenager’s astonished face … Read more Maximum Margin = Sharp Tools + True Aim – Becht

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Global Energy Show Webinar Series – Calendar for September 2020: See Details HERE

Global Energy Show GES Feature Logo 400x270

CRIN Water Technical Stream: Building Connections Within the Water Innovation Ecosystem Technical Stream | In partnership with Konstruct Digital, EnergyNow and Empowering Pumps & Equipment September 16, 2020 | 3 p.m. MDT The water innovation ecosystem is a big and busy space, with participation from entrepreneurs, municipalities, governments, NGOs, academia, and industries including energy, agriculture, … Read more Global Energy Show Webinar Series – Calendar for September 2020: See Details HERE

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Trump signs order extending drilling ban off Florida Gulf coast, expands it two other states

Jeff Mason U.S. President Donald Trump exits a vehicle prior to boarding Air Force One as he departs Washington for campaign travel to Florida and North Carolina at Joint Base Andrews, Maryland, U.S., September 8, 2020. REUTERS/Jonathan Ernst JUPITER, Fla. (Reuters) – U.S. President Donald Trump on Tuesday signed an order to extend a ban … Read more Trump signs order extending drilling ban off Florida Gulf coast, expands it two other states

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U.S. shale producers race for federal permits ahead of presidential election

Jennifer Hiller HOUSTON (Reuters) – Oil producers in the top U.S. shale fields are stockpiling drilling permits on federal land ahead of the November U.S. presidential election, concerned that a win by Democratic candidate Joe Biden could lead to a clamp-down on oilfield activity. Federal permitting in the largest U.S. oilfield in the Permian Basin, … Read more U.S. shale producers race for federal permits ahead of presidential election

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Assessing an SAP-Rimini Street Strategy: A Valoir Report – Rimini Street

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Valoir Research Report, Assessing an SAP-Rimini Street Strategy: This new research is based on interviews with SAP-Rimini Street customers. The information helps SAP customers understand the role of independent, third-party ERP software support. Rimini Street helps customers reset their SAP relationships to better position themselves for the move to S/4HANA. In the report, you’ll learn: … Read more Assessing an SAP-Rimini Street Strategy: A Valoir Report – Rimini Street

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U.S. Stocks Drop as Oil Plunges, Dollar Rises: Markets Wrap

By Andreea Papuc and Olivia Konotey-Ahulu Sep 8, 2020 (Bloomberg) U.S. shares tumbled, though major indexes held above session lows, as volatility continued to grip financial markets. Oil plunged, while Treasuries rose with the dollar. The Nasdaq 100 fell as much as 4.3% before paring the drop to less than 3% midmorning. It’s down almost 9% … Read more U.S. Stocks Drop as Oil Plunges, Dollar Rises: Markets Wrap

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U.S. Clean Power Giants to Join Forces to Build Lobbying Muscle

US Whitehouse

By Brian Eckhouse Sep 3, 2020 (Bloomberg) Some of the biggest U.S. clean-energy companies are joining forces with the nation’s top wind-power trade group to create a new lobbying organization ahead of a presidential election that could tip federal policy in favor of renewables.The new group, called the American Clean Power Association, will include industry titans … Read more U.S. Clean Power Giants to Join Forces to Build Lobbying Muscle

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U.S. utilities say Biden plan to cut CO2 hinges on breakthroughs

(Reuters) – The U.S. power industry would struggle to meet presidential hopeful Joe Biden’s proposed mandate that it become carbon neutral by 2035 without some big breakthroughs in clean energy technology, according to a Reuters analysis of planning documents and a survey of top utilities. The country’s top power producers said rapid advances in nascent … Read more U.S. utilities say Biden plan to cut CO2 hinges on breakthroughs

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Investment Giants Urge Texas to End Most Natural Gas Flaring

By Kevin Crowley (Bloomberg) Investors managing more than $2 trillion are calling on Texas regulators to ban the routine burning of natural gas from shale fields, arguing that the energy industry hasn’t moved quickly enough to curb the controversial practice. AllianceBernstein, California State Teachers’ Retirement System and Legal & General Investment Management said they support eliminating … Read more Investment Giants Urge Texas to End Most Natural Gas Flaring

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Oil Falls Past Two-Month Low on Bleak Short-Term Demand Outlook

Crude Oil Shipments In The Persian Gulf

By Ann Koh and Alex Longley  Sep 8, 2020 (Bloomberg) Oil fell to its lowest intraday level since July as signs of faltering demand continue to depress prices. Futures in London traded below $42 a barrel after dropping 1.5% on Monday. Only four of 10 Asian refiners surveyed by Bloomberg said they would be trying to … Read more Oil Falls Past Two-Month Low on Bleak Short-Term Demand Outlook

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Risk Matters: How Risk Data Can Reduce Your Soaring Facility Insurance

Risk-Alive-Feature-Logo-400x270-1

Working with insurance companies to manage risk in high-hazard operating facilities has changed dramatically over the years. The impact of losses is significant and the costs of any loss is carried by industry sector in the form of higher premiums. It takes a whole industry, operating safely, to reduce the rates of the group. As … Read more Risk Matters: How Risk Data Can Reduce Your Soaring Facility Insurance

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Trump Made a Promise to Save Coal in 2016. He Couldn’t Keep It

By Ari Natter and Will Wade Sep 3, 2020 (Bloomberg)  President Donald Trump spent more than $1 billion in taxpayer funds, rolled back environmental rules and tried to stop power plant closings to fulfill a vow he made to West Virginia coal miners in the 2016 campaign. But nothing he’s done is rescuing the coal industry. … Read more Trump Made a Promise to Save Coal in 2016. He Couldn’t Keep It

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Investment Giants Urge Texas to End Most Natural Gas Flaring

By Kevin Crowley Sep 4, 2020 (Bloomberg)Investors managing more than $2 trillion are calling on Texas regulators to ban the routine burning of natural gas from shale fields, arguing that the energy industry hasn’t moved quickly enough to curb the controversial practice.AllianceBernstein, California State Teachers’ Retirement System and Legal & General Investment Management said they … Read more Investment Giants Urge Texas to End Most Natural Gas Flaring

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WEBINAR: Rogers, Suncor, OGC and SensorUp discuss the workplace in a post-COVID world – Sept 14. Register TODAY.

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SPECIAL PRESENTATION – How Digital Technology Will Change How We Work in a Post-COVID Future Register today for a live webinar on September 14th with speakers from Rogers, Suncor, Geospatial Consortium and SensorUp. The discussion will focus on how digital technology will change the way we work, live, and play in a post-COVID world. Register: … Read more WEBINAR: Rogers, Suncor, OGC and SensorUp discuss the workplace in a post-COVID world – Sept 14. Register TODAY.

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California Tries to Avert More Blackouts With Heat Coming

Powerline

By Mark Chediak and Naureen S. Malik  Sep 3, 2020 (Bloomberg) California asked residents to dial back their air conditioners this holiday weekend as the state tries to avoid a repeat of power shortages that weeks ago triggered the first rolling blackouts in 20 years.Electricity for delivery Friday in Southern California jumped by the most on … Read more California Tries to Avert More Blackouts With Heat Coming

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California Blackout Risk Is Rising With Record-Breaking Heat

By Brian Sullivan and Mark Chediak  Sep 4, 2020 (Bloomberg)Another round of record-breaking heat hangs over California just weeks after searing temperatures pushed its electric grid to the brink, temporarily knocking out power to millions.Temperatures are forecast to top 100 degrees Fahrenheit (38 Celsius) across the state and reach as high as 109 in Burbank … Read more California Blackout Risk Is Rising With Record-Breaking Heat

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Cheapest Labor Day Gas Prices in 16 Years Casts Pall Over Oil

By Jeffrey Bair  Sep 4, 2020 (Bloomberg) U.S. drivers can look forward to cheap gasoline heading into Labor Day Weekend, spelling hard times ahead for an oil industry that’s already been clobbered by the coronavirus. Gasoline prices on average this year are $2.22 per gallon, the lowest for this time of year since 2004, according to … Read more Cheapest Labor Day Gas Prices in 16 Years Casts Pall Over Oil

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U.S. drillers add oil and gas rigs for second week in three

September 4, 2020 Reuters U.S. energy firms this week added oil and natural gas rigs for the second time in the past three weeks as a recovery in oil prices from historic coronavirus-linked lows prompted some drillers to return to the wellpad.The oil and gas rig count, an early indicator of future production, rose two to … Read more U.S. drillers add oil and gas rigs for second week in three

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Oil Rises With Weak Dollar, Still Set for Weekly Loss on Demand

By Saket Sundria and Alex Longley Sep 4, 2020 (Bloomberg)Oil erased earlier losses as the dollar’s decline makes commodities more attractive, but crude was still headed for a weekly drop over demand concerns.Futures in New York rose 0.8% while the greenback gave up gains to trade 0.2% lower. The oil market is still struggling with … Read more Oil Rises With Weak Dollar, Still Set for Weekly Loss on Demand

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KLX Energy Services Holdings, Inc. Reports Fiscal 2020 Second Quarter Results

September 02, 2020  | Source: KLX Energy Services LLC HOUSTON, Sept. 02, 2020 (GLOBE NEWSWIRE) — KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) (“KLXE” or the “Company”) today reported financial results for its fiscal second quarter ended July 31, 2020. On July 28, 2020, KLXE completed its previously announced merger with Quintana Energy Services Inc. (“QES”) and effected … Read more KLX Energy Services Holdings, Inc. Reports Fiscal 2020 Second Quarter Results

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Petroteq Announces Proposed New Financing and Amendment to Securities

September 03, 2020  | Source: Petroteq Energy Inc. SHERMAN OAKS, Calif., Sept. 03, 2020 (GLOBE NEWSWIRE) — Petroteq Energy Inc. (“Petroteq” or the “Company”) ‎‎(TSXV:PQE; ‎OTC:PQEFF; FSE:PQCF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, announces a proposed arrangement with an existing arm’s length lender (the “Lender”) … Read more Petroteq Announces Proposed New Financing and Amendment to Securities

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U.S. natgas futures rebound on warmer weather view

Natural Gas

September 3, 20209 Reuters U.S. natural gas futures rose on Thursday as the weather forecasts turned slightly warmer, and as a federal report that was mostly in line with estimates still showed a below-normal storage build. The U.S. Energy Information Administration (EIA) said U.S. utilities injected 35 billion cubic feet (bcf) of gas into storage in … Read more U.S. natgas futures rebound on warmer weather view

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Big Oil’s patchy deals record casts shadow over green makeover

Ron Bousso LONDON (Reuters) – As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy track record on takeovers is a red flag for some investors. Ten years ago, the world’s top energy companies were spending billions of dollars on major oil and … Read more Big Oil’s patchy deals record casts shadow over green makeover

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Saudi Cutting Oil Deliveries to U.S. as It Tightens Supply

By Brian Wingfield and Sheela Tobben Sep 2, 2020 (Bloomberg) Saudi Arabia is continuing to divert its oil away from America’s shores. The kingdom last month loaded about 5.6 million barrels a day on to tankers, a small increase from July, vessel-tracking information compiled by Bloomberg show. Within that, an ever-smaller share went to the U.S., … Read more Saudi Cutting Oil Deliveries to U.S. as It Tightens Supply

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Aramco Shelves $20 Billion Petrochemical Plan After Oil’s Crash

By Verity Ratcliffe, Anthony Di Paola and Matthew Martin  Sep 3, 2020 (Bloomberg) Saudi Aramco is shelving multi-billion-dollar petrochemical and gas projects as the state oil giant’s determination to preserve its dividend forces it to cut back on major investments. The world’s biggest oil company is abandoning plans to build a $20 billion crude-to-chemicals plant at Yanbu … Read more Aramco Shelves $20 Billion Petrochemical Plan After Oil’s Crash

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Oil Drops Again With OPEC Supply and Wavering Demand in Focus

By Saket Sundria and Alex Longley Sep 3, 2020 (Bloomberg) Oil fell further in New York after the deepest drop since July as concerns mount over OPEC supply and fuel demand.Iraq, a regular laggard in the output curb deal between OPEC and its allies, may seek a two-month extension to implement its compensatory cuts, indicating it won’t be … Read more Oil Drops Again With OPEC Supply and Wavering Demand in Focus

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Commentary: Are renewables to blame for California’s blackouts?

Scott Coenen is the executive director of the Wisconsin Conservative Energy Forum, a nonprofit organization dedicated to providing a voice for conservatives in the state’s energy policy debate. There is a lot f change happening in energy markets across the country. Cheap natural gas and renewables like solar and wind are rapidly coming onto the … Read more Commentary: Are renewables to blame for California’s blackouts?

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Denbury Resources Pre-Packaged Plan Confirmed By Court

September 03, 2020| Source: Denbury Resources Inc. Expects to Emerge from Chapter 11 in Mid-September with Strengthened Balance Sheet Operations Continuing in Normal Course PLANO, Texas, Sept. 03, 2020 (GLOBE NEWSWIRE) — Denbury Resources Inc. (OTC Pink: DNRCQ) (“Denbury” or the “Company”) today announced that the United States Bankruptcy Court for the Southern District of Texas … Read more Denbury Resources Pre-Packaged Plan Confirmed By Court

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Heater Experts Solve Common Problems with IR Thermography – Becht

Many owner operators in the oil/gas and petrochemical industry know infrared (IR) thermography is a pillar of any robust inspection program. At Becht Fired Heater Services we couple heater experts with advanced IR thermography to not just inspect tubes but to help our clients optimize operation. One routine challenge is taking IR thermography data and … Read more Heater Experts Solve Common Problems with IR Thermography – Becht

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Hydrogen’s Profit Potential Still a Decade Away, RWE Says

By Vanessa Dezem Sep 1, 2020 (Bloomberg) With the push for hydrogen as a clean source of energy gathering pace in Europe, one of the region’s biggest utilities cautioned that it’ll be another decade before the fuel is profitable. “It will take 10 to 15 years until this business can yield decent results,” Anja-Isabel Dotzenrath, chief … Read more Hydrogen’s Profit Potential Still a Decade Away, RWE Says

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Oil Rises on Signs U.S. Crude Stockpiles Fell for a Sixth Week

By Saket Sundria and Alex Longley  Sep 2, 2020 (Bloomberg) Oil rose on signs a glut was easing with U.S. crude stockpiles shrinking for a sixth week. The American Petroleum Institute reported crude inventories dropped by 6.36 million barrels last week, according to people familiar with the figures. That would be the longest run of declines … Read more Oil Rises on Signs U.S. Crude Stockpiles Fell for a Sixth Week

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PDC Energy Publishes Inaugural 2020 Sustainability Report

September 02, 2020 | Source: PDC Energy, Inc. DENVER, Sept. 02, 2020 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced publication of its 2020 Sustainability Report, highlighting the Company’s efforts and commitments to responsibly develop oil and natural gas in 2019 and beyond. The report builds on PDC’s core values of emphasizing … Read more PDC Energy Publishes Inaugural 2020 Sustainability Report

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DTE Energy files plan to add enough solar energy generation to power 120,000 homes by 2022

DTE Energy Logo

September 01, 2020  | Source: DTE Energy Detroit, Sept. 01, 2020 (GLOBE NEWSWIRE) — If the plan is approved by the Michigan Public Service Commission, DTE would increase its solar generation capacity by nearly ten times over the next two years By 2022, DTE’s wind and solar energy portfolio would generate enough clean energy to power 900,000 … Read more DTE Energy files plan to add enough solar energy generation to power 120,000 homes by 2022

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Murphy USA Announces Participation in Walmart+

September 01, 2020 | Source: Murphy USA Inc. EL DORADO, Ark., Sept. 01, 2020 (GLOBE NEWSWIRE) — Murphy USA Inc. (NYSE: MUSA) is announcing its network of nearly 1,500 stores across 25 states will participate in Walmart+, Walmart’s new membership offering. Members of Walmart+ will receive a savings of up to five cents per gallon on fuel … Read more Murphy USA Announces Participation in Walmart+

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Exxon weighs global job cuts after unveiling Australian lay-off plan

Sonali Paul MELBOURNE (Reuters) – Exxon Mobil Corp (XOM.N) is assessing possible worldwide job cuts, a spokesman said on Wednesday, after the company announced a voluntary lay-off programme in Australia. Exxon is the latest oil major to embark on axing jobs spurred by a historic collapse in fuel demand because of the coronavirus pandemic. The … Read more Exxon weighs global job cuts after unveiling Australian lay-off plan

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Enbridge restores offshore pipelines after hurricane shutdown

September 1, 2020 Reuters Two natural gas pipelines that connect offshore U.S. Gulf of Mexico production platforms resumed operation on Tuesday, Enbridge Inc said, after hurricane-related shutdowns last week.Energy companies continued to restart offshore operations after completing damage assessments following Hurricane Laura, which tore through the Gulf of Mexico with up to 150 mile per hour … Read more Enbridge restores offshore pipelines after hurricane shutdown

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JPMorgan Says Investors Should Prepare for Rising Odds of Trump Win

Donald Trump

By Joanna Ossinger Sep 1, 2020 (Bloomberg) Investors should position for the rising odds of President Donald Trump winning re-election, according to JPMorgan Chase & Co.Betting odds that earlier had Trump well behind challenger Joe Biden are now nearly even — largely due to the impact on public opinion of violence around protests, as well as … Read more JPMorgan Says Investors Should Prepare for Rising Odds of Trump Win

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Oil Climbs Near $43 a Barrel With Renewed Support From Dollar

By Saket Sundria and Alex Longley  Sep 1, 2020 (Bloomberg) Oil rose to trade near $43 a barrel in New York, buoyed by a weaker dollar and better-than-expected economic data from China. Futures added 1% after the dollar extended losses to the lowest level since May 2018, making commodities priced in the currency more appealing. In China, … Read more Oil Climbs Near $43 a Barrel With Renewed Support From Dollar

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Storm damages continue to hamper U.S. Gulf of Mexico energy operations

August 31, 2020 Reuters Catastrophic damage to power lines and communications outages on Monday weighed on U.S. Gulf Coast refineries’ post-Hurricane Laura assessments and on offshore oil and gas production.Energy companies continued to inspect and restart offshore operations while onshore repairs were hampered by power outages. In Lake Charles, Louisiana, near where the storm made landfall … Read more Storm damages continue to hamper U.S. Gulf of Mexico energy operations

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Schlumberger to Contribute North American Pressure Pumping Business to Liberty

Supercharging Technology and Scale in North American Pressure Pumping September 01, 2020  DENVER & HOUSTON–(BUSINESS WIRE)–Liberty Oilfield Services Inc. (NYSE: LBRT) and Schlumberger (NYSE: SLB) announced today an agreement for the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada (“OneStim®”), including its pressure pumping, pumpdown perforating, and Permian frac sand … Read more Schlumberger to Contribute North American Pressure Pumping Business to Liberty

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The Biden Flip-Flop: U.S. presidential hopeful Biden now says he would not ban fracking

Jarrett Renshaw PITTSBURGH (Reuters) – Democratic presidential candidate Joe Biden said on Monday he would not ban hydraulic fracturing, a controversial method of drilling for crude oil and natural gas, if elected and called Republican assertions that he supports such a ban a lie. The comment added a level of nuance to Biden’s energy platform, … Read more The Biden Flip-Flop: U.S. presidential hopeful Biden now says he would not ban fracking

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Major Energy Companies Jostling for Ground in the Montney, but Small Cap Calima Energy Stands Alone

calima-energy-feature-logo-400x270

Calima Energy Limited’s (ASX: CE1) share price has more than doubled in the last month. However, based on developments within the group, merger and acquisition activity adjacent to its assets, improving gas prices and the valuation of the group’s infrastructure, the company looks outstanding value relative to its conservative market capitalisation of less than $20 … Read more Major Energy Companies Jostling for Ground in the Montney, but Small Cap Calima Energy Stands Alone

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U.S. court rejects bid to halt Kinder Morgan gas pipeline

August 31, 2020 Reuters A nearly-complete $2.3 billion pipeline to carry natural gas from West Texas shale fields to the U.S. Gulf Coast can move ahead, a U.S. judge in Austin, Texas, ruled on Friday, rejecting an environmental group’s effort to halt the project. Sierra Club in April challenged federal approval of the 428-mile (689 km) … Read more U.S. court rejects bid to halt Kinder Morgan gas pipeline

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Second U.S. shale boom’s legacy: Overpriced deals, unwanted assets

Jessica Resnick-Ault, Dmitry Zhdannikov, David Gaffen NEW YORK (Reuters) – Oil and gas companies plunged over $156 billion into corporate takeovers and land deals during the second U.S. shale boom, in a massive bet that good times would continue and crude prices would rise. Many of those deals have become financial albatrosses. The prospect for relief is … Read more Second U.S. shale boom’s legacy: Overpriced deals, unwanted assets

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Oil Climbs Above $43 in New York as Goldman Strikes Bullish Tone

By Saket Sundria, James Thornhill and Verity Ratcliffe Aug 31, 2020 (Bloomberg) Oil rose above $43 a barrel in New York to its highest closing level since early March amid a broader rally in equities and as China’s economic recovery continued.West Texas Intermediate futures snapped a two-day drop, rising 1.4% as of 2:34 p.m. in Dubai, … Read more Oil Climbs Above $43 in New York as Goldman Strikes Bullish Tone

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The Gas Industry’s Survival Plan: Make Fuel From Cow Poop

By Naureen Malik Aug 31, 2020, (Bloomberg) Polly is a 10-year-old black-and-white Holstein cow, the oldest in a herd of about 300 on the Bar-Way Farm in Deerfield, Mass. Together they produce 2,000 gallons of milk each day. They also make enough poop to fill about two garbage trucks. The farm makes money off of both. … Read more The Gas Industry’s Survival Plan: Make Fuel From Cow Poop

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Martin Midstream Partners L.P. Provides Operational Update Following Hurricane Laura

August 28, 2020 | Source: Martin Midstream Partners L.P. KILGORE, Texas, Aug. 28, 2020 (GLOBE NEWSWIRE) — Martin Midstream Partners L.P. (Nasdaq: MMLP) (the “Partnership”) today announced the status of its coastal Texas and Louisiana terminals following Hurricane Laura.  Upon initial inspection of the properties there appears to be minimal damage to the Partnership’s terminals and marine … Read more Martin Midstream Partners L.P. Provides Operational Update Following Hurricane Laura

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U.S. drilling rig count steady, posts first monthly increase since December

August 28, 2020 Reuters U.S. energy firms kept the number of oil and natural gas rigs operating unchanged this week, resulting in the first monthly increase since December as higher crude prices prompt some producers to start drilling again.In August, the oil and gas rig count rose by three to 254, according to data on Friday … Read more U.S. drilling rig count steady, posts first monthly increase since December

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Sustainable aviation fuels could soon take flight

WRITTEN BY Kathiann M. Kowalski The Midwest is ready for takeoff as a leader in cleaner aviation, thanks to researchers in Ohio and elsewhere and a cleantech startup in Illinois. Just as Ohioans pioneered aircraft flight more than a century ago, researchers there and elsewhere in the Midwest are now planning future takeoffs with cleaner … Read more Sustainable aviation fuels could soon take flight

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Saudi Aramco Discovers Two Oil, Gas Fields in North of Kingdom

By Salma El Wardany Aug 30, 2020 (Bloomberg) Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom’s official news agency reported, citing Energy Minister Prince Abdulaziz bin Salman.Gas has started flowing from Hadabat Al-Hajara field near the Iraqi border at an average daily rate of 16 million standard cubic … Read more Saudi Aramco Discovers Two Oil, Gas Fields in North of Kingdom

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Is Big Oil Still a Big Deal?: Julian Lee

By Julian Lee (Bloomberg Opinion)From Monday there will be just one oil company in the Dow Jones Industrial Average — Chevron Corp. The removal of Exxon Mobil Corp. from the index after an uninterrupted presence since 1928 shouldn’t come as a surprise. It’s not the end of Big Oil, but it may signal the start of the beginning of the … Read more Is Big Oil Still a Big Deal?: Julian Lee

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A Major Hurricane Capped Oil Output and Prices Barely Budged

By Mike Jeffers  Aug 29, 2020 (Bloomberg) Looking at the oil market over the past week, it would be hard to tell that the strongest hurricane in more than a century tore through the Gulf of Mexico before striking southwest Louisiana.Oil drillers shut in 84% of offshore crude output ahead of Hurricane Laura and refiners in … Read more A Major Hurricane Capped Oil Output and Prices Barely Budged

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Oil Posts Weekly Gain With Refineries on the Mend After Laura

By Andres Guerra Luz Aug 28, 2020 (Bloomberg) Oil rose for a fourth week in a row as U.S. Gulf Coast refineries began restarting though gains were capped as investors shifted their focus from the storm toward the fragile rebound in consumption amid the pandemic.WTI was little changed on Friday and notched a 1.5% gain for … Read more Oil Posts Weekly Gain With Refineries on the Mend After Laura

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Power Grids Aren’t Evolving Fast Enough for Global Warming

Solar panel

Solar energy is the future, but it isn’t working with a system that is decades old and built for fossil fuels. By Mark Buchanan “How to do this is the trillion-dollar question.”Photographer: Alfredo Estrella/AFP — Getty Images Mark Buchanan, a physicist and science writer, is the author of the book “Forecast: What Physics, Meteorology and the … Read more Power Grids Aren’t Evolving Fast Enough for Global Warming

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Tesla Touches $400 Billion After Latest Boost From Wall Street

By Esha Dey  Aug 26, 2020 (Bloomberg) Wall Street’s less skeptical view on Tesla Inc. further solidified on Wednesday after a Jefferies analyst more than doubled his price target on the stock, saying the company will continue to broaden its competitive edge in multiple dimensions, including battery capacity and industrial efficiency.The analyst, Philippe Houchois, raised his … Read more Tesla Touches $400 Billion After Latest Boost From Wall Street

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Restarting Chemical Plants After a Storm Means Enormous Gas Leaks

By Leslie Kaufman and David Wethe Aug 27, 2020 (Bloomberg) In the chaos surrounding Hurricane Laura, a sprawling chemical plant in Port Arthur, Texas, released nearly 90 tons of emissions, including a half ton of cancer-causing benzene and 8.7 tons of planet-warming nitrous oxide. The leaks reported to state regulators in two days totaled more than the facility, Motiva Chemical, had in unauthorized emissions in all of 2018.Unlike … Read more Restarting Chemical Plants After a Storm Means Enormous Gas Leaks

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Wind Turbine Behemoth Plans for Future by Getting Into Hydrogen

Wind Turbine

By William Mathis and Laura Millan Lombrana Aug 28, 2020 (Bloomberg)Siemens Gamesa Renewable Energy SA has one eye on the future where its wind turbines could play a key role in creating hydrogen. The company, which earlier this year launched the world’s biggest wind turbine, plans to start a pilot project in Denmark to test … Read more Wind Turbine Behemoth Plans for Future by Getting Into Hydrogen

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California Approves Energy Storage Systems to Bolster Grid

By Mark Chediak Aug 27, 2020 (Bloomberg) California approved one of the the biggest installations of battery-based energy-storage systems in the U.S. as the state moves to add power resources to its grid after suffering from rolling blackouts. The California Public Utilities Commission signed off on previously announced utility contracts for nearly 1.2 gigawatts of battery … Read more California Approves Energy Storage Systems to Bolster Grid

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Oil Near $43 With Hurricane Laura Unable to Break Market Slumber

By Ann Koh and Alex Longley Aug 28, 2020 (Bloomberg) Oil stayed in its recent tight range after Hurricane Laura swept the U.S. energy heartland without appearing to inflict major damage on key infrastructure.Futures in New York were steady near $43 a barrel on Friday, with average trading volumes in August plunging to multiyear lows. Laura, one of … Read more Oil Near $43 With Hurricane Laura Unable to Break Market Slumber

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Risk Matters: What Can You Learn from a Competitor’s Incident?

Risk-Alive-Feature-Logo-400x270-1

One of your industry peers has just suffered a major incident at one of their sites; should you be worried? Not necessarily, but you should be vigilant. Is the event that happened in their facility something that could happen to you? If you’re in the same business the answer is likely yes, but the crux … Read more Risk Matters: What Can You Learn from a Competitor’s Incident?

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U.S. Army Corps asks appeals court to reverse Dakota Access pipeline ruling

NEW YORK (Reuters) – The U.S. Army Corps of Engineers on Wednesday asked an appeals court to reverse a ruling which scrapped an environmental permit that allows the Dakota Access crude oil pipeline to operate on U.S. land. Earlier this month, a federal judge ordered the U.S. Army Corps of Engineers (ACE) to detail options … Read more U.S. Army Corps asks appeals court to reverse Dakota Access pipeline ruling

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Los Angeles natural gas plant has been leaking methane for years

Nichola Groom LOS ANGELES (Reuters) – A Los Angeles-area natural gas plant has leaked planet-warming methane gas for years but work to fix the problem tracked by NASA has been delayed until November, a city power official said. Faulty natural gas compressors at the 690-megawatt Valley Generating Station have been leaking more than 10,000 cubic … Read more Los Angeles natural gas plant has been leaking methane for years

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U.S. LNG Exporters Await Damage Impact as Storm Passes

By Kevin Varley and Stephen Stapczynski Aug 27, 2020 (Bloomberg) Along with millions of Americans, much of the Gulf Coast’s energy infrastructure is at risk from Hurricane Laura’s “unsurvivable storm surge” that could inflict more than $15 billion in insured losses. Ahead of the storm, liquefied natural gas producers shut wells and vessels steered clear of export … Read more U.S. LNG Exporters Await Damage Impact as Storm Passes

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Saudi Aramco Appoints New CEO for $500 Million Investment Arm

By Anthony Di Paola  Aug 26, 2020 (Bloomberg) Saudi Aramco appointed a new chief executive officer to run its $500 million venture capital and investments arm after the previous head departed, according to people with knowledge of the situation. Mahdi Aladel, who formerly led the state energy producer’s base oils and lubricants division, will take over … Read more Saudi Aramco Appoints New CEO for $500 Million Investment Arm

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Oil Drops From Five-Month High With Hurricane Heading Inland

By Ann Koh and Alex Longley Aug 27, 2020 (Bloomberg) Oil slipped from a five-month high as Hurricane Laura, which has disrupted refineries in the U.S. Gulf, took a path away from the Houston area’s massive energy infrastructure. Laura made landfall early Thursday at Cameron, Louisiana, near the border with Texas, as a Category 4 storm and … Read more Oil Drops From Five-Month High With Hurricane Heading Inland

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Oil industry shuts platforms, rigs, refineries before storm

August 26, 2020 NEW YORK — The energy industry braced Wednesday for catastrophic storm surges and winds as Hurricane Laura cuts a dangerous path toward the coastlines of Texas and Louisiana. Oil and gas producers have evacuated platforms and rigs in the Gulf of Mexico and companies are shutting down refineries in the storm’s path. … Read more Oil industry shuts platforms, rigs, refineries before storm

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Equinor to cut jobs in U.S., Canada and UK following oil price fall

FILE PHOTO: A logo of Equinor, formerly known as Statoil, is seen at the company's headquarters in Fornebu, Norway May 21, 2018. REUTERS/Nerijus Adomaitis

August 26, 2020 Reuters Norwegian oil and gas firm Equinor is set to cut jobs significantly in the United States, Canada and Britain to adjust to a fall in oil prices, a company spokesman said on Wednesday. The group plans to cut employee numbers in those countries by about 20% and contractor numbers by around half … Read more Equinor to cut jobs in U.S., Canada and UK following oil price fall

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Petroteq Provides Shareholder Update and Announces Additional Debt Conversion

August 26, 2020 | Source: Petroteq Energy Inc. SHERMAN OAKS, Calif., Aug. 26, 2020 (GLOBE NEWSWIRE) — Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, is pleased to distribute this shareholder update regarding recent ‎transactions relating to the Company. … Read more Petroteq Provides Shareholder Update and Announces Additional Debt Conversion

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Global Oil Refining Faces Shake-Up From Asian Plastics Boom

Oil Refinery

By Saket Sundria and Debjit Chakraborty  Aug 26, 2020 (Bloomberg) As the age of the hydrocarbon enters its final era, the action increasingly moves to Asia and plastics take center stage.With demand for transport fuels set to tail off in the years ahead, a new breed of processing plants is sprouting up across the region. These … Read more Global Oil Refining Faces Shake-Up From Asian Plastics Boom

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Eighty Years After Hindenburg, Startup Pitches Hydrogen Flight

By David R Baker Aug 26, 2020 (Bloomberg) The aviation industry is under pressure to do something about the immense amount of carbon emissions its engines generate. The output is accelerating many times faster than from sectors such as energy and agriculture, contributing to global warming. Paul Eremenko,  a 41-old former chief technology officer for Airbus SE and United … Read more Eighty Years After Hindenburg, Startup Pitches Hydrogen Flight

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Saudi Aramco Wants to Be More Like Exxon and Shell: Julian Lee

By Julian Lee Aug 24, 2020 (Bloomberg Opinion)Saudi Arabia Oil Co.’s senior management reshuffle is more than just a game of high-level musical chairs at any old energy company.The oil giant faces an uphill battle to meet promises made before its record-setting initial public offering last year — and before the coronavirus pandemic hit — to deliver a $75 billion … Read more Saudi Aramco Wants to Be More Like Exxon and Shell: Julian Lee

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China Seen Skipping Winter LNG Feast With Storage Brimming

By Bloomberg News on Aug 25, 2020 (Bloomberg) Don’t expect an LNG buying binge ahead of winter from the world’s fastest growing consumer of the fuel.China will likely pull back on spot purchases of liquefied natural gas before the peak demand season as a flurry of earlier bargain buying nearly maxed out storage space. Meanwhile, seaborne … Read more China Seen Skipping Winter LNG Feast With Storage Brimming

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Laura Set to Be ‘Potentially Catastrophic’ Category 4 Hurricane

By Brian K. Sullivan  Aug 26, 2020 (Bloomberg) Hurricane Laura is poised to become a Category 4 storm that could wreak catastrophic damage in Texas and Louisiana, bringing a life-threatening storm surge, flash flooding and destructive winds that could leave areas uninhabitable for weeks or months. Laura is already a Category 3 major hurricane with maximum … Read more Laura Set to Be ‘Potentially Catastrophic’ Category 4 Hurricane

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Oil Holds at Five-Month High as Hurricane Nears U.S. Gulf Coast

By Ann Koh and Alex Longley Aug 26, 2020 (Bloomberg) Oil held near a five-month high as Hurricane Laura bore down on key refining facilities on the U.S. Gulf Coast, with forecasts saying it will strengthen rapidly into a “potentially catastrophic” Category 4 storm.Futures in New York were steady after jumping 1.7% on Tuesday. The storm … Read more Oil Holds at Five-Month High as Hurricane Nears U.S. Gulf Coast

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Range Resources Publishes Updated Corporate Sustainability Report

Company Targets Net Zero GHG Emissions by 2025 August 26, 2020  | Source: Range Resources Corporation FORT WORTH, Texas, Aug. 26, 2020 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) (“Range” or the “Company”) announced the publication of an updated Corporate Sustainability Report today. The 2020 Corporate Sustainability Report covers a broader and deeper set of topics, with a focus on … Read more Range Resources Publishes Updated Corporate Sustainability Report

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Survival is anything but certain for coal country

Coal

WRITTEN BY Dustin Bleizeffer and Mason Adams PHOTO BY Dustin Bleizeffer / WyoFile Reclamation obligations at surface mines in the Powder River Basin represent temporary jobs and revenue opportunities immediately following mine closures. Coal country is not without options. But coal’s long legacy of hope, promises and failure has instilled a political inertia that won’t … Read more Survival is anything but certain for coal country

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Strategic Business Planning: Equipment Health is an Investment NOT an Expense – Becht

  By: Mel Larson Equipment health is integral in an operating facility to obtain the highest performance; not just for a unit but across the whole plant. Equipment and system reliability is perhaps the most critical element of profitability. History shows that differences in operating expenses between best-in-class refineries and poor performers can be as … Read more Strategic Business Planning: Equipment Health is an Investment NOT an Expense – Becht

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WATCH: Learn how to reduce lifecycle and capital costs up to 25% on your projects!

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DyCat Solutions is a specialized consulting service that provides business driven solutions to reduce lifecycle and capital costs up to 25%, improve schedule and reduce labor risk for industrial projects or programs. We have accomplished this by working with our customers to understand their business case and we provide solutions to support the business case … Read more WATCH: Learn how to reduce lifecycle and capital costs up to 25% on your projects!

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Green Hydrogen Set to Be Competitive With Fossil Fuels by 2040

By William Mathis Aug 25, 2020 (Bloomberg) Hydrogen made from renewable power will be compete on price with producing the gas from fossil fuels within two decades, according to analysis by research firm Wood Mackenzie Ltd.The cost of green hydrogen will drop 64% by 2040, the researchers said. Hydrogen is seen as key to cutting global … Read more Green Hydrogen Set to Be Competitive With Fossil Fuels by 2040

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Hurricane Laura Threatens U.S. With $12 Billion in Damage

By Brian K. Sullivan  Aug 25, 2020 (Bloomberg) Hurricane Laura is poised to become a roof-ripping Category 3 storm when it comes ashore along the Texas-Louisiana coast, threatening to inflict as much as $12 billion of damage on the region and potentially shutting 12% of U.S. refining capacity for months. Laura’s winds will likely peak at … Read more Hurricane Laura Threatens U.S. With $12 Billion in Damage

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Exterran Corporation Announces Agreement to Sell the U.S. Compression Fabrication Business

August 25, 2020  | Source: Exterran Corporation HOUSTON, Aug. 25, 2020 (GLOBE NEWSWIRE) — Exterran Corporation (NYSE: EXTN) (“Exterran” or the “Company”) today announced it has signed an agreement to sell its U.S. compression fabrication business. The Company has signed an agreement with Compass Energy Systems Ltd. (“Compass”) to sell them its U.S. compression fabrication business. … Read more Exterran Corporation Announces Agreement to Sell the U.S. Compression Fabrication Business

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Trump’s Arctic Drilling Plan Challenged Over Polar Bear Threat

By Jennifer A. Dlouhy Aug 24, 2020 (Bloomberg) Environmentalists and Alaska natives are challenging the Trump administration’s decision to sell drilling rights in the Arctic National Wildlife Refuge, arguing the government gave short shrift to the impact on polar bears and the region’s other wildlife. The groups said they filed a pair of lawsuits Monday in a U.S. … Read more Trump’s Arctic Drilling Plan Challenged Over Polar Bear Threat

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Exxon Booted from Dow Industrials in Major Embrace of Tech

By Sarah Ponczek and Katherine Greifeld  Aug 24, 2020 (Bloomberg) The dominance of technology companies has eclipsed every other story in 2020’s pandemic-upended stock market. Now it’s helping speed changes to the world’s most famous equity benchmark. In the biggest reshuffling in seven years, Exxon Mobil Corp, Pfizer Inc. and Raytheon Technologies Corp. were kicked out of the … Read more Exxon Booted from Dow Industrials in Major Embrace of Tech

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Gulf Coast Refineries Shutter Ahead of Storm, Gasoline Soars

Oil Tanker in U.S.

By Barbara Powell and Catherine Ngai  Aug 25, 2020 (Bloomberg) Oil and chemical facilities located along the Texas and Louisiana Gulf Coast are shuttering, securing equipment or running through emergency protocols ahead of a strong hurricane set to rip through the region this week. Some of the largest U.S. refineries are winding down in advance of … Read more Gulf Coast Refineries Shutter Ahead of Storm, Gasoline Soars

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Empire Pipeline Becomes Empire Midstream

August 24, 2020 | Source: Empire Midstream LLC — New Name Better Reflects the Company’s Broadened Portfolio of Midstream Businesses — NEW ORLEANS, Aug. 24, 2020 (GLOBE NEWSWIRE) — Empire Pipeline LLC today announced it has changed its name to Empire Midstream LLC (“Empire Midstream” or the “Company”) effective immediately. The new identity more accurately reflects … Read more Empire Pipeline Becomes Empire Midstream

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Byron Pope named Vice President of ESG & Investor Relations for ChampionX

August 24, 2020 | Source: ChampionX Corporation THE WOODLANDS, Texas, Aug. 24, 2020 (GLOBE NEWSWIRE) — ChampionX Corporation (“ChampionX”) (NYSE: CHX) announced today that Byron Pope has been appointed to the newly created role of Vice President – ESG & Investor Relations, effective immediately. In this new role, Byron will lead company-wide ESG (Environmental, Social, Governance) … Read more Byron Pope named Vice President of ESG & Investor Relations for ChampionX

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Oilfield Services Sector Must Seek Other Ways To Weather Difficult Market to Survive

Dan Eberhart Dan Eberhart is CEO of Canary, LLC. From Forbes – See Original Article HERE Rarely have prospects looked so grim for the oilfield services sector. Producers have reduced drilling activity to record low levels in response to persistent weak prices and demand destruction caused by a new wave of coronavirus cases. Service companies … Read more Oilfield Services Sector Must Seek Other Ways To Weather Difficult Market to Survive

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Blackstone Gains $5 Billion on Cheniere LNG Stake

By Naureen S. Malik and Heather Perlberg  Aug 24, 2020 (Bloomberg) Blackstone Group Inc. will see a $5 billion gain from selling a stake in the largest liquefied natural gas export terminal in the U.S.The firm’s private equity business is unloading its stake of just over 40% of Cheniere Energy Partners LP to Brookfield Asset Management … Read more Blackstone Gains $5 Billion on Cheniere LNG Stake

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Producers shut-in 82% of Gulf of Mexico oil output due to storms

August 24, 2020 Reuters Gulf offshore drilling operation Oil and gas producers have shut-in 1.5 million barrels per day of oil production in the U.S. Gulf of Mexico, or roughly 82% of its total output, ahead of back-to-back tropical storms this week, according to figures released on Monday from the Bureau of Safety and Environmental Enforcement.Some … Read more Producers shut-in 82% of Gulf of Mexico oil output due to storms

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Energy firms shut 58% of Gulf of Mexico oil output due to twin storm threat

FILE PHOTO: Representative Steve Scalise (R-LA) views BP's Thunder Horse Oil Platform in the Gulf of Mexico, from the air, 150 miles from the Louisiana coast in this May 11, 2017 handout photo obtained by Reuters June 26, 2017. Chris Bond/Handout via REUTERS

August 23, 2020 Reuters ExxonMobil Gulf of Mexico Rig Energy firms shut 57.6%, or 1.07 million barrels per day (bpd), of offshore crude oil production in the U.S. Gulf of Mexico because of the twin threat from Hurricane Marco and Tropical Storm Laura, the U.S. government said on Sunday.Also, 44.6%, or 1,205 million cubic feet per … Read more Energy firms shut 58% of Gulf of Mexico oil output due to twin storm threat

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Conservatives tap O’Toole to challenge Canada’s Trudeau in next election

Kait Bolongaro, Bloomberg News Erin O’Toole wins Conservative leadership race Justin Trudeau will square off in Canada’s next election against a former air force officer who wooed the right flank of the Conservative Party. Members of the nation’s main opposition party elected Erin O’Toole as their new leader by a vote of 57 per cent to 43 … Read more Conservatives tap O’Toole to challenge Canada’s Trudeau in next election

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Oil Rises With Dual Storms Shutting U.S. Gulf Coast Production

    By Ann Koh and Alex Longley Aug 24, 2020 (Bloomberg) Oil edged higher as production was disrupted by two storms approaching the U.S. Gulf Coast.Futures rose 0.8% in New York. Almost 58% of crude output, or more than 1 million barrels a day, in the Gulf of Mexico was closed as of midday Sunday. The storms … Read more Oil Rises With Dual Storms Shutting U.S. Gulf Coast Production

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Aramco Shakes Up Top Management as It Adjusts to Oil’s Crash

By Javier Blas, Matthew Martin and Anthony Di Paola Aug 24, 2020 (Bloomberg) Saudi Aramco reshuffled its senior management and created a division focused on “portfolio optimization” as the world’s biggest oil producer adapts to low crude prices and seeks new ways to raise cash. The Saudi state energy company appointed Senior Vice President Abdulaziz Al Gudaimi … Read more Aramco Shakes Up Top Management as It Adjusts to Oil’s Crash

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Permian Oil Drillers Bounce Back with Biggest Rig Hike This Year

Rig Worker

    By David Wethe Aug 21, 2020 (Bloomberg) Explorers in the world’s biggest shale patch are roaring back, putting an additional 10 rigs to work this week for the biggest jump in activity since a price crash triggered an unprecedented collapse in drilling.Drillers in the Permian Basin of West Texas and New Mexico led the … Read more Permian Oil Drillers Bounce Back with Biggest Rig Hike This Year

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NFL Hall of Famer Jerome Bettis Sues Top U.S. Gas Driller on Race Bias

By Naureen S. Malik Aug 21, 2020 (Bloomberg)  NFL Hall of Famer Jerome Bettis is suing EQT Corp. for racial discrimination after the largest U.S. natural gas producer terminated a contract with his trucking company. IntegrServ LLC, a Black-owned firm that hauls water and drilling mud, is seeking at least $66 million for breach of … Read more NFL Hall of Famer Jerome Bettis Sues Top U.S. Gas Driller on Race Bias

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U.S. drillers add oil and gas rigs for first week since March – Baker Hughes

Aug 21 (Reuters) – U.S. energy firms added oil and natural gas rigs for the first time since March as some shale producers reverse production cuts with oil prices recovering from historic lows caused by a slump in fuel demand amid coronavirus lockdowns. The oil and gas rig count, an early indicator of future output, … Read more U.S. drillers add oil and gas rigs for first week since March – Baker Hughes

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Petronas Said to Show Interest in Buying Permian’s DoublePoint

By Kevin Crowley and Kiel Porter (Bloomberg) Malaysia’s state-backed oil company Petroliam Nasional Bhd. has had preliminary talks about buying Permian Basin shale driller DoublePoint Energy LLC, according to people familiar with the matter.Talks are in the early stages so there’s no guarantee a transaction will occur, said the people, who declined to be named because the negotiations … Read more Petronas Said to Show Interest in Buying Permian’s DoublePoint

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Trump’s Methane Emissions Rule Rollback Isn’t a Disaster: Ellen R. Wald

By Ellen R. Wald Aug 20, 2020 (Bloomberg Opinion) President Donald Trump’s decision last week to roll back some U.S. regulations aimed at curbing methane emissions by oil and gas producers came in for criticism from both environmentalists and some industry leaders, who branded the move as a disappointing step backward. The reality is more nuanced. The updated … Read more Trump’s Methane Emissions Rule Rollback Isn’t a Disaster: Ellen R. Wald

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China Gears Up for Record-Breaking U.S. Crude Haul in September

FILE PHOTO: An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018. Picture taken July 4, 2018. REUTERS/Stringer

By Sheela Tobben Aug 21, 2020 (Bloomberg) U.S. oil exports to China are set to reach a record next month in a sign that Beijing is stepping up purchases to meet its commitments under a landmark trade deal reached earlier this year. Chinese crude buyers have chartered about 19 tankers for September to send roughly 37 … Read more China Gears Up for Record-Breaking U.S. Crude Haul in September

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The Blackout Trade: How a Power Market Went Dark in California

By Christopher Martin and Naureen S. Malik  Aug 21, 2020 (Bloomberg)By Aug. 16, heat was smothering California, and alarms were going off in the city of Folsom. There, the operators of the state’s vast electrical grid were facing a troubling question: Were traders making the burgeoning power crisis worse? What the grid operator did amid … Read more The Blackout Trade: How a Power Market Went Dark in California

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Oil Extends Decline Below $43 With Demand Headwinds Mounting

By Sharon Cho and Alex Longley  Aug 21, 2020 (Bloomberg) Oil fell as the coronavirus pandemic continues to cloud the demand outlook.Europe’s economy unexpectedly lost momentum this month, causing concerns over energy consumption and showcasing the challenge to growth. The region is battling to control a new spike in virus cases while trying to avoid renewed lockdowns. Since prices … Read more Oil Extends Decline Below $43 With Demand Headwinds Mounting

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Solar, Wind, and Batteries Are All Grown Up

By Nathaniel Bullard Aug 20, 2020 (Bloomberg) While driving in Maryland last week, I passed a 13.6 megawatt solar project completed four years ago. At the time it was built it was on the larger side for the Mid-Atlantic region; a decade earlier, it would have been one of the very largest projects under construction in … Read more Solar, Wind, and Batteries Are All Grown Up

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Risk Matters Weekly: Exploring Hidden Risks in Facility Acquisitions

Risk-Alive-Feature-Logo-400x270-1

Where are the Gaps? Whether you are just looking at acquiring a new asset or you’ve recently brought one into your company it is important to quickly understand the risk that comes with operating the facility. Are all the relevant safety threats being well managed or is it a ticking time bomb ready to put … Read more Risk Matters Weekly: Exploring Hidden Risks in Facility Acquisitions

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Trump’s OPEC Push Fails to Avert U.S. Oil Industry’s Breakdown

By David Wethe Aug 19, 2020 (Bloomberg) A push by President Donald Trump and the world’s biggest oil producers to shore up crude prices has failed to stop an avalanche of bankruptcies in the industry, and more are still to come.The Covid-19 pandemic’s devastating effect on the oil market is rippling throughout the supply chain, from … Read more Trump’s OPEC Push Fails to Avert U.S. Oil Industry’s Breakdown

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Shell Explores Sale of a Norwegian Natural Gas Business

By Aaron Kirchfeld and Dinesh Nair Aug 20, 2020 (Bloomberg) Royal Dutch Shell Plc is in talks to sell its Norwegian natural gas supplier Gasnor, according to people familiar with the matter, as the energy major continues to selectively dispose of assets. Shell has approached infrastructure funds and private equity firms about a deal, the people … Read more Shell Explores Sale of a Norwegian Natural Gas Business

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Oil Slides From Five-Month High on Warnings About Recovery

By Alex Longley and Sharon Cho Aug 20, 2020 (Bloomberg) Oil declined from a five-month high in New York with the U.S. Federal Reserve and OPEC+ sounding caution on the demand recovery as many countries struggle to contain the coronavirus.Futures fell about 1% below $43 a barrel amid a broader slide in equities after minutes from … Read more Oil Slides From Five-Month High on Warnings About Recovery

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Occidental Announces Sale of Wyoming, Colorado, and Utah Land Grant Assets to Orion Mine Finance for $1.33 Billion

August 19, 2020  | Source: Occidental HOUSTON, Aug. 19, 2020 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) today announced it has entered into a purchase and sale agreement to divest Wyoming, Colorado, and Utah Land Grant assets to Orion Mine Finance (Orion) for approximately $1.33 billion. The transaction, which is expected to close in the fourth quarter of 2020, has a … Read more Occidental Announces Sale of Wyoming, Colorado, and Utah Land Grant Assets to Orion Mine Finance for $1.33 Billion

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Battalion Announces Appointment of New Chief Financial Officer

August 19, 2020  | Source: Battalion Oil Corporation Houston, Aug. 19, 2020 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSEA: BATL, “Battalion” or the “Company”) today announced the appointment of Kevin Andrews as Executive Vice President, Chief Financial Officer and Treasurer of the Company effective August 17, 2020, replacing Ragan Altizer, who plans to retire from the … Read more Battalion Announces Appointment of New Chief Financial Officer

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Harvest Oil & Gas Announces Second Quarter 2020 Results

August 20, 2020  | Source: Harvest Oil & Gas Corp. HOUSTON, Aug. 20, 2020 (GLOBE NEWSWIRE) — Harvest Oil & Gas Corp. (OTCQX: HRST) (“Harvest” or the “Company”) today announced results for the second quarter of 2020. Key Highlights Average daily production was 36.8 MMcfe for the second quarter of 2020 On May 8, 2020, the … Read more Harvest Oil & Gas Announces Second Quarter 2020 Results

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Contango Announces Second Quarter 2020 Financial Results

August 19, 2020  | Source: Contango Oil & Gas HOUSTON, Aug. 19, 2020 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today its financial results for the second quarter ended June 30, 2020. Second Quarter 2020 Highlights Production of 1,469 Mboe for the quarter, or 16.1 Mboe per … Read more Contango Announces Second Quarter 2020 Financial Results

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World’s Largest Offshore Rig Owner Valaris Goes Bankrupt

By Allison McNeely and Christine Buurma Aug 19, 2020 (Bloomberg) Valaris Plc became the latest casualty of the global slump in oil prices, filing for bankruptcy Wednesday as the world’s largest offshore rig owner by fleet size seeks to restructure a roughly $7 billion debt load.The Chapter 11 filing in the U.S. Bankruptcy Court for the … Read more World’s Largest Offshore Rig Owner Valaris Goes Bankrupt

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Oil slips as demand worries outweigh U.S. stocks draw

TOKYO/LONDON (Reuters) – Oil prices eased on Wednesday on concerns U.S. fuel demand will face a slow recovery amid stalled talks on an economic stimulus package and despite support from a bigger-than-expected drawdown in U.S. crude stocks. Brent crude futures LCOc1 were down 44 cents, or 1%, to $45.02 a barrel at 1230 GMT, but … Read more Oil slips as demand worries outweigh U.S. stocks draw

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The World’s Top Miner Broadens Plans to Exit Coal Operations

Coal

By David Stringer and Thomas Biesheuvel Aug 18, 2020 (Bloomberg) BHP Group says it’s getting rid of thermal coal mines to help prepare for a lower-emissions future, yet the company’s still counting on fossil fuels to drive its business for another decade.The world’s biggest miner is accelerating the sale or spinoff of interests in mines in … Read more The World’s Top Miner Broadens Plans to Exit Coal Operations

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Saudis Keep Pressure on OPEC Cheats Before Ministerial Talks

By James Herron and Grant Smith Aug 19, 2020 (Bloomberg) Saudi Arabia kept up the pressure on OPEC+ nations that have been exceeding their oil-output targets, hours before a meeting to discuss their agreement.King Salman bin Abdulaziz called Nigerian President Muhammadu Buhari to emphasize the importance of complying with production quotas and compensating for past shortcomings, … Read more Saudis Keep Pressure on OPEC Cheats Before Ministerial Talks

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Some Oil Companies Wonder If It’s Worth Looking for Oil Anymore

By Laura Hurst  Aug 16, 2020 (Bloomberg) A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the forefront of a new era for the oil industry as companies scoured the planet for resources.Yet a decade after the discovery of as much as 1.7 billion … Read more Some Oil Companies Wonder If It’s Worth Looking for Oil Anymore

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In the run-up to U.S. election, drilling lobby promotes natural gas as ‘clean’

Natural Gas

WASHINGTON/LONDON (Reuters) – America’s biggest oil and gas lobby group is ramping up its advertising spending ahead of the November election to persuade voters that natural gas is a climate-friendly fuel, according to ad buying data. The campaign by the American Petroleum Institute (API), targeted at younger voters and some tight congressional races, is part … Read more In the run-up to U.S. election, drilling lobby promotes natural gas as ‘clean’

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Global Energy Show Webinar Series – Calendar for August 2020: See Details HERE

Global Energy Show GES Feature Logo 400x270

Practical Aspects of Foam-Assisted SAGD Steam-foam has been used extensively in field trials to improve steam conformance, both for cyclic steam injection and steam flood. It is a proven process and very useful lessons can be drawn from these field trials to plan new projects. However, foam has not yet been used to improve SAGD … Read more Global Energy Show Webinar Series – Calendar for August 2020: See Details HERE

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The Value Spaces in the Hydrocarbon Supply Chain – Becht

BY:  Darren York “Demand Destruction,” “Oil Processing Won’t Be Back,” “Exports Stagnant,” “Record Quarterly Losses,” “Capital Budgets Slashed” and “Refinery Permanently Closed” are all part of the current torrent of brutal oil and gas headlines.  Situations like this are not the first time that the industry has been faced with such a dire reality.  Looking … Read more The Value Spaces in the Hydrocarbon Supply Chain – Becht

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There’s a Lesson for the Energy Transition in California Outages

By Will Wade, Mark Chediak and Brian Eckhouse Aug 18, 2020 (Bloomberg) California’s first rolling blackouts since the 2001 energy crisis are a stark reminder that achieving 100% carbon-free energy is harder than it looks.With the worst heat wave in generations fueling near-record electricity demand, the state’s rapid shift away from fossil fuels is making … Read more There’s a Lesson for the Energy Transition in California Outages

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Oil Rises to Five-Month High on Signals of Economic Recovery

An offshore oil platform is seen in Huntington Beach, California

By Andres Guerra Luz (Bloomberg) Oil jumped to a five-month high alongside a surge in U.S. equities as optimism that an economic recovery may be on the horizon lifted hopes for improving fuel demand to follow. Equities in the U.S., Europe and Asia strengthened on Monday, with the S&P 500 Index approaching the highest in months, … Read more Oil Rises to Five-Month High on Signals of Economic Recovery

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China Ramps Up U.S. Oil Purchases Before Trade Deal Review

FILE PHOTO: An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018. Picture taken July 4, 2018. REUTERS/Stringer

By Bloomberg News Aug 17, 2020 (Bloomberg) China, the world’s biggest oil importer, has ramped up purchases of American crude in the lead-up to a highly-anticipated review of the trade deal between the two economic powerhouses. As much as 14 million barrels — or seven super-class tankers full — of U.S. oil will be loaded next month … Read more China Ramps Up U.S. Oil Purchases Before Trade Deal Review

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Petroteq Announces Hiring of New Chief Operating Officer

August 18, 2020  | Source: Petroteq Energy Inc. SHERMAN OAKS, Calif., Aug. 18, 2020 (GLOBE NEWSWIRE) — Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, is pleased to announce that George Stapleton has joined Petroteq as Chief … Read more Petroteq Announces Hiring of New Chief Operating Officer

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Range Announces Cash Tender Offer for up to $400 Million Aggregate Principal Amount of Certain of Its Outstanding Debt Securities

August 18, 2020 | Source: Range Resources Corporation FORT WORTH, Texas, Aug. 18, 2020 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) (“Range” or the “Company”) announced today the commencement of cash tender offers (the “Tender Offers”) to purchase up to $400 million aggregate principal amount (the “Aggregate Maximum Tender Amount”) of its outstanding 5.750% senior notes due 2021 … Read more Range Announces Cash Tender Offer for up to $400 Million Aggregate Principal Amount of Certain of Its Outstanding Debt Securities

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