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TECK drops C$20.6 billion Canadian Oil Sands Frontier Project, to Take Writedown

TORONTO (Reuters) – Canadian miner Teck Resources Ltd has withdrawn an application to build its C$20.6 billion ($15.7 billion) Frontier oil sands mine in Alberta, days before the federal government was to decide on whether to approve a project opposed by environmentalists and indigenous groups. Teck said on Sunday it would write down the C$1.13 … Read moreTECK drops C$20.6 billion Canadian Oil Sands Frontier Project, to Take Writedown

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Feb 24, 2020 (Bloomberg) Spike in coronavirus cases outside China, markets pummeled as fears rise, Sanders seizes Democratic race. Here are some of the things people in markets are talking about today. Going global Concerns that the coronavirus outbreak is becoming a global pandemic are rising as new centers of infection outside China emerge. … Read moreFive Things to Know in World Business Today

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Oil Slumps Most in Two Weeks as Global Virus Spread Quickens

Rig Worker

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

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Dominion Reaches Critical Point on Atlantic Gas Pipeline at Supreme Court

By Greg Stohr Feb 24, 2020 (Bloomberg) The fate of Dominion Energy Inc.’s planned $8 billion Atlantic Coast Pipeline will be tested Monday, as the U.S. Supreme Court hears arguments on a crucial permit that would let the natural-gas line cross under the Appalachian Trail. Dominion and President Donald Trump’s administration are asking the high court … Read moreDominion Reaches Critical Point on Atlantic Gas Pipeline at Supreme Court

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Pressure Mounts on Protesters as Canada Seeks End to Rail Woes

By Sandrine Rastello Feb 23, 2020 (Bloomberg) Pressure is mounting on protesters at blockades that have slowed Canada’s rail network as provincial governments indicate they’re ready for the police to get involved. Ontario police and Canadian National Railway Co. gave Mohawks, who have set up a blockade in Tyendinaga, Ontario, until midnight on Sunday to clear … Read morePressure Mounts on Protesters as Canada Seeks End to Rail Woes

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OPEC Emperor Saudi Arabia Has Fallen For Russia’s Tricks: Julian Lee

Saudi-Deputy-Crown-Prince-Mohammed-bin-Salman_Vladimir-Putin-Russia

By Julian Lee (Bloomberg Opinion) As the Covid-19 virus hit demand for oil, OPEC kingpin Saudi Arabia wanted an urgent meeting among the cartel’s members and their international partners in order to bring in deeper and longer output cuts. Russia didn’t, and now the emergency gathering of the 23-nation coalition known as OPEC+ won’t happen. This is only the latest in a series … Read moreOPEC Emperor Saudi Arabia Has Fallen For Russia’s Tricks: Julian Lee

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Buffett Touts Wind Energy Following Climate-Change Criticism

Wind Turbines

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

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Chevron’s Future Growth Prospects Dwindle With Reserves Decline

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

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PDC Energy Announces Results and Settlement of Purchase Offer of Outstanding 6.25% Senior Notes

February 21, 2020  | Source: PDC Energy, Inc. DENVER, Feb. 21, 2020 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq: PDCE) announced today the final results and settlement of its offer to purchase for cash any and all of its outstanding 6.25% Senior Notes due 2025 (CUSIP No. 78470VAC2) (the “Notes”).  PDC assumed … Read morePDC Energy Announces Results and Settlement of Purchase Offer of Outstanding 6.25% Senior Notes

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The Leadership Series: Why is Change So Hard? – Sherri Hilton MAL, CEC, PCC

The Leadership Series by Sherri Hilton  MAL, CEC, PCC Recently I began coaching a leader who is, by all accounts, very “successful” technically in her career but has been struggling to make some changes on a more personal level that she says are very important to her. In our initial conversation, one of her first … Read moreThe Leadership Series: Why is Change So Hard? – Sherri Hilton MAL, CEC, PCC

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U.S. oil rig count rises for third week in a row -Baker Hughes

February 21, 2020 Reuters The U.S. oil rig count rose for a third week in a row even though growth in the country’s largest shale formation slows as producers cut spending on new drilling for a second consecutive year.Companies added one oil rig in the week to Feb. 21, bringing the total count to 679, their … Read moreU.S. oil rig count rises for third week in a row -Baker Hughes

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IntelliView introduces cost-effective optical gas imaging system for continuous, autonomous methane leak detection

IntelliView Feature Logo 400x270

The thermal image shows the DCAM-M in action during a methane release test in the field. CALGARY, Alberta — Video artificial intelligence leader IntelliView Technologies announced the Dual Camera Analytic Module – Methane (DCAM-M), its first machine vision system designed for continuous monitoring and autonomous real-time detection and alerting of methane leaks. The DCAM-M is … Read moreIntelliView introduces cost-effective optical gas imaging system for continuous, autonomous methane leak detection

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California Eases Up on Sweeping Solar Mandate for New Homes

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

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Vitol Sees Oil Recovery This Year After Big Slump From Virus

By Grant Smith and Annmarie Hordern Feb 21, 2020 (Bloomberg) The oil market is poised for a recovery but will have to first tackle a severe virus-induced demand slump, the chief of Vitol Group said. The market is facing a 200 million-barrel demand loss in the first quarter, with a 4 million-barrels-a-day decrease in China currently … Read moreVitol Sees Oil Recovery This Year After Big Slump From Virus

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Oil’s Recovery Falters in Face of Renewed Concern Over Virus

By Saket Sundria and Grant Smith  Feb 21, 2020 (Bloomberg) Oil fell, paring this week’s gain, as renewed concern over the impact of the coronavirus overshadowed hopes that China’s stimulus efforts will cushion the blow to demand. Futures in New York fell 1.6%, yet remain about 2% higher this week after China, South Korea and Singapore … Read moreOil’s Recovery Falters in Face of Renewed Concern Over Virus

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LNG Cargoes Cancelled as Virus Compounds U.S. Export Glut

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

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Feb 21, 2020 (Bloomberg) Coronavirus cases outside China multiply, it’s PMI day, and Wells Fargo to make a settlement. Here are some of the things people in markets are talking about today. Next phase? Concerns are growing that the increase in cases of coronavirus outside China suggests a wider regional epidemic. The Chinese province … Read moreFive Things to Know in World Business Today

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Energy Transfer Says CEO of Williams Secretly Undermined Takeover

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

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Infrastructure and Energy Alternatives, Inc. Announces Executive Management Changes

  Reconfirms 2019 Financial Guidance, Issues Preliminary 2020 Guidance and Announces Date of Fourth Quarter 2019 Earnings Call February 20, 2020 17:08 ET | Source: Infrastructure and Energy Alternatives, Inc. INDIANAPOLIS, Feb. 20, 2020 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (“IEA” or the “Company”) (NASDAQ: IEA), a leading infrastructure construction company with specialized energy and … Read moreInfrastructure and Energy Alternatives, Inc. Announces Executive Management Changes

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Texas Tackles Its Gas Problem With Whataboutism: Liam Denning

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

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The U.S. Shale Drillers Flaring the Most Natural Gas in Texas – See Who They Are

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

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America’s Coal Country Isn’t Dead — It’s Preparing for a Comeback

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

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As Canadian rail anti-pipeline blockades drag on, police use caution due to legacy of past violence

February 20, 2020 Reuters As a blockade of Canada’s rail lines drags on and the economic impact deepens, police aware of the bitter legacy created by past fatal clashes with indigenous protesters have chosen not to clear the tracks by force.For the past two weeks, campaigners blocked rail lines in Ontario, Quebec and Alberta in solidarity … Read moreAs Canadian rail anti-pipeline blockades drag on, police use caution due to legacy of past violence

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Five Things to Know to in World Business Today

World Business

By Lorcan Roche Kelly Feb 20, 2020 (Bloomberg) Investors worry about coronavirus spread outside China, UBS finds a new CEO, and the dollar’s strong run continues. Here are some of the things people in markets are talking about today. Contagion There is increasing concern among investors about the spread of the coronavirus in countries outside China, with a … Read moreFive Things to Know to in World Business Today

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OPEC Confirms March Meeting Date, Ending Saudi-Russia Tussle

By Grant Smith  Feb 19, 2020 (Bloomberg) OPEC sent out invitations for meetings between the cartel and its allies on March 5 and 6, delegates said, signaling that plans for an emergency gathering have faded away. The 23-nation coalition known as OPEC+ had already scheduled the conference for early March when it last assembled in December. Saudi … Read moreOPEC Confirms March Meeting Date, Ending Saudi-Russia Tussle

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Chinese Oil Refiners Deepen Run Cuts in Sign Worst Not Over

By Alfred Cang Feb 19, 2020 (Bloomberg) Chinese refineries are throttling back production even further to cope with weak demand and a lack of workers due to the coronavirus, and are now processing 25% less oil than they were last year. Run rates have fallen to about 10 million barrels a day this week, the least … Read moreChinese Oil Refiners Deepen Run Cuts in Sign Worst Not Over

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Maduro Shakes Up PDVSA As Venezuela Faces Oil Industry Emergency

By Fabiola Zerpa Feb 19, 2020 (Bloomberg) Venezuela’s President Nicolas Maduro declared an “energy emergency” as he announced a commission to revamp state oil company Petroleos de Venezuela SA, redoubling efforts to shore up the nation’s crumbling oil industry. Economy Vice President Tareck El Aissami will lead the commission, which will focus on boosting crude production, Maduro … Read moreMaduro Shakes Up PDVSA As Venezuela Faces Oil Industry Emergency

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Oil Steady After 7-Day Rally on Supply Outlook and Stimulus Hope

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

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Superior Energy Services Announces Fourth Quarter and Full Year 2019 Results

February 19, 2020 | Source: Superior Energy Services, Inc. Recent operating highlights include: Entry into definitive agreement to divest certain U.S. land service lines into a new, publicly traded consolidation platform for U.S. completion, production and water solutions in combination with Forbes Energy Services Discontinuation of hydraulic fracturing service line HOUSTON, Feb. 19, 2020 (GLOBE NEWSWIRE) … Read moreSuperior Energy Services Announces Fourth Quarter and Full Year 2019 Results

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CVR Energy Reports Fourth Quarter and Full-Year 2019 Results and Announces Cash Dividend of 80 Cents

February 19, 2020 | Source: CVR Energy, Inc. Achieved year-over-year environmental, health and safety improvements. Completed Wynnewood’s BenFree repositioning project. Received Board approval for Wynnewood’s Isomerization project.  Increased cash dividend to $3.20 per share annualized for an industry-leading dividend yield. SUGAR LAND, Texas, Feb. 19, 2020 (GLOBE NEWSWIRE) — CVR Energy, Inc. (NYSE: CVI) today announced fourth … Read moreCVR Energy Reports Fourth Quarter and Full-Year 2019 Results and Announces Cash Dividend of 80 Cents

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Hi-Crush Inc. Reports Fourth Quarter and Full Year 2019 Results

February 19, 2020  | Source: Hi-Crush Inc. Generated revenues of $125.5 million in 4Q 2019 vs. $173.0 million in 3Q 2019 Reported Adjusted EBITDA of $7.2 million in 4Q 2019 vs. $17.9 million in 3Q 2019 Realized loss of $(0.21) per share in 4Q 2019; adjusted loss of $(0.13) per share, excluding non-cash asset impairments Extending logistics … Read moreHi-Crush Inc. Reports Fourth Quarter and Full Year 2019 Results

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Archrock Reports Fourth Quarter and Full Year 2019 Results and Provides 2020 Guidance 

February 19, 2020 | Source: Archrock HOUSTON, Feb. 19, 2020 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock” or the “Company”) today reported results for the fourth quarter and full year 2019 and provided 2020 financial guidance. Fourth Quarter and Full Year 2019 Results Achieved record net income and adjusted EBITDA for the full year 2019. … Read moreArchrock Reports Fourth Quarter and Full Year 2019 Results and Provides 2020 Guidance 

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Oil States Announces Fourth Quarter 2019 Results of Operations

February 19, 2020  | Source: Oil States International, Inc. HOUSTON, Feb. 19, 2020 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE: OIS) reported a net loss for the fourth quarter of 2019 of $175.6 million, or $2.95 per share. The reported fourth quarter 2019 results included a non-cash goodwill impairment charge of $165.0 million ($165.0 million after-tax, or $2.78 … Read moreOil States Announces Fourth Quarter 2019 Results of Operations

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Targa Resources Corp. Reports Fourth Quarter and Full Year 2019 Financial Results and Provides 2020 Operational and Financial Outlook

Targa Resources

February 20, 2020  | Source: Targa Resources Corp. HOUSTON, Feb. 20, 2020 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“TRC”, the “Company” or “Targa”) today reported fourth quarter and full year 2019 results. Fourth Quarter and Full Year 2019 Financial Results Fourth quarter 2019 net income (loss) attributable to Targa Resources Corp. was ($112.8) million … Read moreTarga Resources Corp. Reports Fourth Quarter and Full Year 2019 Financial Results and Provides 2020 Operational and Financial Outlook

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U.S. Solar Jobs Are Rebounding From Donald Trump’s Tariff Blow

By Brian Eckhouse Feb 19, 2020 (Bloomberg) America’s solar jobs market is emerging from the gloom of President Donald Trump’s import tariffs.Declining costs, a rush to install solar before the phaseout of a federal investment tax credit and waning concerns about the impact of duties drove an expansion in industry jobs last year, according to a report by The Solar Foundation.U.S. … Read moreU.S. Solar Jobs Are Rebounding From Donald Trump’s Tariff Blow

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Ransomware Shuts Gas Compressor for Two Days in Latest Attack

By Christine Buurma and Alyza Sebenius Feb 19, 2020 (Bloomberg)A recent ransomware attack caused a U.S. natural gas compressor facility to shut for two days, the latest in a string of attacks targeting the country’s energy infrastructure over the past few years.Hackers sent emails with a malicious link to gain control of the facility’s information … Read moreRansomware Shuts Gas Compressor for Two Days in Latest Attack

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Feb 19, 2020 (Bloomberg) Coronavirus death toll exceeds 2,000, China considers economic support measures and Fed minutes are due. Here are some of the things people in markets are talking about today. Grim milestone Deaths from the coronavirus passed 2,000 with the number of confirmed cases globally rising to about 75,000. While the rate of … Read moreFive Things to Know in World Business Today

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Oil Hits Two-Week High on China Stimulus Hopes, Supply Risks

By Saket Sundria and Grant Smith Feb 19, 2020 (Bloomberg)Oil rose to a two-week high on hopes that economic stimulus from China can revive demand battered by the coronavirus, and as a number of OPEC nations faced threats to their production. Brent futures increased for a seventh day, the longest run of gains since early … Read moreOil Hits Two-Week High on China Stimulus Hopes, Supply Risks

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A Guide to Spending Bezos’s New Climate War Chest

A Guide to Spending Bezos’s New Climate War Chest By Gernot Wagner Feb 19, 2020 (Bloomberg) Jeff Bezos just announced he will commit $10 billion to fight climate change. That’s both a lot, and not much at all. It’s a lot compared with other private climate funding. In fact, it’s more than anyone else is currently spending on … Read moreA Guide to Spending Bezos’s New Climate War Chest

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Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2019 Financial and Operating Results; Doubles Dividend

February 18, 2020 | Source: Diamondback Energy, Inc. MIDLAND, Texas, Feb. 18, 2020 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the fourth quarter and full year ended December 31, 2019. FOURTH QUARTER 2019 HIGHLIGHTS Q4 2019 average production of 195.0 MBO/d (301.3 MBOE/d), with average … Read moreDiamondback Energy, Inc. Announces Fourth Quarter and Full Year 2019 Financial and Operating Results; Doubles Dividend

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VAALCO Energy, Inc. Confirms Oil Discovery in New Step Out Area With South East Etame 4P Appraisal Wellbore

February 18, 2020 16:45 ET | Source: VAALCO Energy, Inc. HOUSTON, Feb. 18, 2020 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (VAALCO or the Company) today announced that the South East Etame 4P appraisal wellbore drilled from the VAALCO operated South East Etame North Tchibala (SEENT) platform offshore Gabon in the Etame Marin permit … Read moreVAALCO Energy, Inc. Confirms Oil Discovery in New Step Out Area With South East Etame 4P Appraisal Wellbore

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Devon Energy Reports Fourth-Quarter and Full-Year 2019 Results

February 18, 2020 | Source: Devon Energy Corporation OKLAHOMA CITY, Feb. 18, 2020 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today reported operational and financial results for the fourth quarter and full year of 2019. The company’s earnings release, supplemental financial tables and related operations report can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com. These … Read moreDevon Energy Reports Fourth-Quarter and Full-Year 2019 Results

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Rattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Reports Fourth Quarter and Full Year 2019 Financial and Operating Results; Increases Distribution

February 18, 2020  | Source: Rattler Midstream LP MIDLAND, Texas, Feb. 18, 2020 (GLOBE NEWSWIRE) — Rattler Midstream LP (NASDAQ: RTLR) (“Rattler” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced financial and operating results for the fourth quarter and full year ended December 31, 2019. FOURTH QUARTER 2019 HIGHLIGHTS Q4 2019 … Read moreRattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Reports Fourth Quarter and Full Year 2019 Financial and Operating Results; Increases Distribution

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U.S. drillers add oil rigs for second week in a row

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

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DCP Midstream Names Corey Walker President of Operations

February 17, 2020 | Source: DCP Midstream LP DENVER, Feb. 17, 2020 (GLOBE NEWSWIRE) — Today, DCP Midstream, LP (NYSE: DCP) announced that Corey Walker has joined the company as the President of Operations. DCP’s executive team includes two President of Operations roles that oversee an equal portion of the company’s geographic footprint. Walker will oversee … Read moreDCP Midstream Names Corey Walker President of Operations

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Feb 18, 2020 (Bloomberg)  Apple says it will miss guidance due to coronavirus, HSBC targets 35,000 job cuts and Michael Bloomberg qualifies for debate. Here are some of the things people in markets are talking about today. Taking a hit The ever-growing list of companies announcing problems from the extended shutdown in China … Read moreFive Things to Know in World Business Today

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Oil Snaps Five-Day Rally as Virus Continues to Weigh on Demand

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

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Ultra Petroleum Corp. Announces Spring Borrowing Base Redetermination and Amendment to Credit Agreement, Fourth Quarter 2019 Production Results, and Confirms 2020 Production and Capital Guidance

February 18, 2020| Source: Ultra Petroleum Corp. ENGLEWOOD, Colo., Feb. 18, 2020 (GLOBE NEWSWIRE) — Ultra Petroleum Corp. (“Ultra” or the “Company”) (OTCQX: UPLC) announces its borrowing base redetermination, fourth quarter 2019 production, and guidance for production and capital in 2020. Sixth Amendment to Credit Facility and April 1, 2020 Borrowing Base Determination On February 14, … Read moreUltra Petroleum Corp. Announces Spring Borrowing Base Redetermination and Amendment to Credit Agreement, Fourth Quarter 2019 Production Results, and Confirms 2020 Production and Capital Guidance

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U.K. to Spend $1.6 Billion on World’s Best Climate Supercomputer

By Alex Morales Feb 16, 2020 (Bloomberg) The U.K. said it will spend 1.2 billion pounds ($1.6 billion) on developing the most powerful weather and climate supercomputer in the world.The program aims to improve weather and climate modeling by the government forecaster, the Met Office, Business Secretary Alok Sharma said in a statement Monday. The machine … Read moreU.K. to Spend $1.6 Billion on World’s Best Climate Supercomputer

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Bezos Says He’ll Commit $10 Billion to Fight Climate Change

By Sarah Frier and Spencer Soper Feb 17, 2020 (Bloomberg) Amazon.com Inc. founder Jeff Bezos announced he’s created the Bezos Earth Fund, his biggest-ever philanthropic investment to help counter the effects of climate change.Bezos is starting with $10 billion and will begin to issue grants in a few months. “It’s going to take collective action from … Read moreBezos Says He’ll Commit $10 Billion to Fight Climate Change

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Oil Steady as Asian States Seek to Offset Virus Hit to Economies

By Grant Smith Feb 17, 2020 (Bloomberg) Oil steadied near $57 a barrel in London as China and others in Asia promised economic stimulus to offset the impact of the coronavirus, buoying the outlook for fuel demand.Prices recovered more than 5% last week, the biggest gain since September, as some of the fears over how far … Read moreOil Steady as Asian States Seek to Offset Virus Hit to Economies

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Kick Start Your Marketing in 2020 With EnergyNow – In the U.S., Internationally or BOTH! – See Our Kick Start Promotions

Kick Start 2020-400px-270px

  What EnergyNow Does for Your Company Effectively markets your products or services to an energy industry audience Consistently gets your company exposure  Generate Leads/Exposure for your company Generates Brand Recognition  Compliments your direct sales efforts Grows your social media following with EnergyNow exposure Provides you with a content marketing plan Three Great Kick Start Promotions NOTE: … Read moreKick Start Your Marketing in 2020 With EnergyNow – In the U.S., Internationally or BOTH! – See Our Kick Start Promotions

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New Jersey Invests in Fossil Fuels, Shunning Others’ Carbon Pullback

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

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U.S. Says It Has Thwarted $6 Billion Russia-Germany Gas Pipeline

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

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Trump’s Nafta Rewrite Heads for Its Last Stop — Ottawa

By Chris Fournier Feb 13, 2020 (Bloomberg) When President Donald Trump signed the U.S.-Mexico-Canada-agreement at the White House in late January, he said a variation of the word “thanks” 54 times in 37 minutes to people in attendance who helped him do the deal.But there’s one more favor he needs from someone who wasn’t in the room: Canadian … Read moreTrump’s Nafta Rewrite Heads for Its Last Stop — Ottawa

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Oil Rallies for a Fourth Day as Virus Fears Show Signs of Easing

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

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Solar and Wind Power Can’t Compete With Gas This Cheap

Natural Gas

By Naureen Malik and Brian Eckhouse Feb 14, 2020 (Bloomberg) This will almost certainly be a record-breaking year for the advance of solar and wind power across the U.S. The additions that are in progress or planned are significant enough to boost hopes for emissions-free electrical grids within a generation—if natural gas doesn’t get in the … Read moreSolar and Wind Power Can’t Compete With Gas This Cheap

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All Eyes on Exxon, Chevron After BP Pledges to Be Carbon Neutral

By Kevin Crowley Feb 12, 2020, (Bloomberg)BP Plc’s pledge to zero out all its carbon emissions by 2050 deepens the divide between major European and American oil producers on climate change, increasing the pressure for Exxon Mobil Corp. and Chevron Corp. to do more.The U.S. supermajors have only committed to reducing greenhouse gases from their … Read moreAll Eyes on Exxon, Chevron After BP Pledges to Be Carbon Neutral

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Feb 14, 2020 (Bloomberg) Latest on coronavirus, Fed reduces size of repo operations and euro-area economy remains in the doldrums. Here are some of the things people in markets are talking about today. Still rising The number of infections from the virus in China rose to 63,851 with the death toll standing at 1,380 after … Read moreFive Things to Know in World Business Today

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Pipeline Protests Cripple Canadian Railways, Raising CEOs’ Ire

By Divya Balji, Michael Bellusci and Robert Tuttle (Bloomberg) Protests against a natural gas pipeline are crippling Canada’s railways — key economic arteries in the sprawling, trade-dependent nation — and prompting cries of “insanity” and “ecoterrorism” from business leaders. Canadian National Railway Co., the country’s largest rail provider, has canceled 400 trains in the past week … Read morePipeline Protests Cripple Canadian Railways, Raising CEOs’ Ire

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Greenfields Petroleum Corporation Announces Extension of Forbearance Agreement and Agreement to Defer Payment of its Senior Secured Debt

February 13, 2020 | Source: Greenfields Petroleum Corporation HOUSTON, Feb. 13, 2020 (GLOBE NEWSWIRE) — Greenfields Petroleum Corporation (the “Company” or “Greenfields”) (TSX VENTURE: GNF), a production focused company with operating assets in Azerbaijan, announces that Vitol Energy (Bermuda) Ltd. (“Vitol”), the Company’s senior debt lender, has agreed to further amend the forbearance agreement executed on … Read moreGreenfields Petroleum Corporation Announces Extension of Forbearance Agreement and Agreement to Defer Payment of its Senior Secured Debt

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America’s Oil Boom Feels More Like Bust in the Shale Patch

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

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Massive Exxon Refinery Fire Poses a New Threat to Oil Demand

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

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IEA Sees First Global Oil Demand Drop in a Decade on Coronavirus

By Grant Smith Feb 13, 2020 (Bloomberg) Global oil demand will drop this quarter for the first time in over a decade as the coronavirus batters China’s economy, the International Energy Agency said. The new estimates show that oil markets face a significant surplus despite the latest production cuts by OPEC and its partners. Crude already sank to … Read moreIEA Sees First Global Oil Demand Drop in a Decade on Coronavirus

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Russia’s Putin Keeps OPEC+ Waiting for Decision on Output Cuts

By Stepan Kravchenko and Dina Khrennikova Feb 13, 2020 (Bloomberg) President Vladimir Putin, who plays a decisive role in OPEC+ oil policy, hasn’t yet decided whether Russia will support the group’s proposal for deeper production cuts. The leader will make up his mind in a “timely” manner, his spokesman Dmitry Peskov told reporters in Moscow on … Read moreRussia’s Putin Keeps OPEC+ Waiting for Decision on Output Cuts

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Feb 13, 2020 (Bloomberg) Virus cases jump, economic fallout worsens, and Trump’s Fed nominees in Senate hearing. Here are some of the things people in markets are talking about today. Data revision A reclassification of how cases of the coronavirus are counted led to a jump of almost 15,000 in China. The total number there … Read moreFive Things to Know in World Business Today

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Oil Holds Near $51 as Fear Over Virus Threat to Demand Returns

By Grant Smith Feb 13, 2020 (Bloomberg) Oil held near $51 a barrel as a more severe assessment of China’s coronavirus renewed fears over the threat to fuel demand.World oil consumption will fall this quarter for the first time in over a decade — wiping out the growth previously expected — as the epidemic reduces economic activity and … Read moreOil Holds Near $51 as Fear Over Virus Threat to Demand Returns

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Gulf Coast could see over $300 billion in new investments

Near-term outlook for U.S., Gulf Coast energy production continues to be solid BY ANDREW WHITE, SENIOR EDITOR AND ACCOUNTS SPECIALIST Operable capacity in Petroleum Administration for Defense District (PADD) 3 has grown considerably over the past 30 years. When it comes to the petrochemical industry and refining, the outlook for energy manufacturing (as well as LNG … Read moreGulf Coast could see over $300 billion in new investments

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The World Is Conspiring to Make Gas Cheaper: David Fickling

Natural Gas

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

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Train-Blocking Pipeline Protesters Stir Alarm as Threat to Canada Economy

By Divya Balji, Kevin Orland and Robert Tuttle Feb 12, 2020 (Bloomberg) Escalating protests against a Canadian natural gas pipeline are putting rail shipments of grain, propane, lumber and consumer goods in jeopardy and prompting consternation among executives and lawmakers.Demonstrators are blocking rail lines and other key infrastructure to support parts of the Wet’suwet’en Nation, an … Read moreTrain-Blocking Pipeline Protesters Stir Alarm as Threat to Canada Economy

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Massive Exxon Refinery Fire Poses a New Threat to Oil Demand

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

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Feb 12, 2020 (Bloomberg) Xi says China will meet its economic goals, Sanders tightens hold on Democratic nomination, and Europe’s manufacturing slump worsens. Here are some of the things people in markets are talking about today. Expressing optimism President Xi Jinping said that China has the ability to accomplish its economic … Read moreFive Things to Know in World Business Today

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Permian’s Gas-Flaring Is Much Worse Than Previously Thought

By Kevin Crowley  Feb 12, 2020 (Bloomberg) The burning and releasing of vast amounts of natural gas into the atmosphere in America’s top shale basin is much bigger than previously thought when processing plants are included, Rystad Energy found.Research on the controversial practices of flaring and venting — described by shale pioneer Scott Sheffield as a “black eye” … Read morePermian’s Gas-Flaring Is Much Worse Than Previously Thought

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Oil Extends Rally Above $50 Amid Signs Virus Spread Is Easing

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

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Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Reports Fourth Quarter and Full Year 2019 Financial and Operating Results

February 11, 2020 16:01 ET | Source: Viper Energy Partners LP MIDLAND, Texas, Feb. 11, 2020 (GLOBE NEWSWIRE) — Viper Energy Partners LP (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced financial and operating results for the fourth quarter and full year ended December 31, 2019. FOURTH QUARTER HIGHLIGHTS Q4 2019 … Read moreViper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Reports Fourth Quarter and Full Year 2019 Financial and Operating Results

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U.S. Department of Energy Approves Texas LNG to Export LNG to non-FTA Countries

Texas LNG is authorized to export low-cost, low-carbon energy to key global markets February 11, 2020 | Source: Texas LNG photo-release Artistic impression of Texas LNG’s planned liquefaction facilities. Note that this image is an artist impression and is subject to updates and significant changes. This image should not be relied upon for any purpose. Houston, Texas, … Read moreU.S. Department of Energy Approves Texas LNG to Export LNG to non-FTA Countries

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DCP Midstream Reports Fourth Quarter Results and Announces 2020 Guidance

February 11, 2020 | Source: DCP Midstream LP DENVER, Feb. 11, 2020 (GLOBE NEWSWIRE) — Today, DCP Midstream, LP (NYSE: DCP) reported its financial results for the quarter and year ended December 31, 2019 and announced its 2020 guidance. HIGHLIGHTS Net income attributable to partners of $1 million and $17 million for the quarter and year ended … Read moreDCP Midstream Reports Fourth Quarter Results and Announces 2020 Guidance

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Video Analytics and Intelligent Visual Monitoring a Cost-Effective and Powerful Tool for Remote Oil and Gas Assets

Osprey Logo - December 2018 Update Feature

A rapidly emerging technology that is adding value to IIoT deployments is intelligent visual monitoring, where video streams are captured from internet-connected cameras and automatically analyzed by video analytics to look for anomalies, such as leaks or suspicious activity. According to Mckinsey (1), “Some of the most innovative Internet of Things (IoT) applications involve video … Read moreVideo Analytics and Intelligent Visual Monitoring a Cost-Effective and Powerful Tool for Remote Oil and Gas Assets

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Record Profits Can’t Mask These Oil Trading Giants’ Woes

Oil Pump

By Andy Hoffman Feb 11, 2020 (Bloomberg) Commodities traders Gunvor Group Ltd. and Trafigura Group Ltd. had blockbuster 2019s with both firms boasting their best ever profits from trading oil, gas and other raw materials. Yet while the knock-out performances have provided some breathing room, problems which have long loomed over the trading houses haven’t gone … Read moreRecord Profits Can’t Mask These Oil Trading Giants’ Woes

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With Big Oil’s Future in Doubt, New BP Boss Sets Out His Vision

By Laura Hurst Feb 11, 2020 (Bloomberg) As BP Plc’s new chief delivers his vision to transform the company on Wednesday, investors and activists want to know just how much appetite he has to take on the existential crisis facing the oil industry. Bernard Looney’s big challenge will be to navigate BP through an energy transition … Read moreWith Big Oil’s Future in Doubt, New BP Boss Sets Out His Vision

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Feb 11, 2020 (Bloomberg) China seeks to restart industrial production, Powell speaks in Congress, and primary day arrives in New Hampshire. Here are some of the things people in markets are talking about today. Getting back to work Chinese authorities are calling on the biggest companies to meet production targets as executives begin to restart factories that … Read moreFive Things to Know in World Business Today

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Exxon Cracking Down on Employee Travel After Profits Collapse

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

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Europe’s Largest Floating Solar Farm Underway in Netherlands

By William Mathis Feb 11, 2020 (Bloomberg)German renewable energy developer Baywa r.e. has begun constructing what will be the largest floating solar farm outside of China. The 27-megawatt Bomhofsplas solar farm is set to include 73,000 solar panels on a sandpit lake in Zwolle in the Netherlands, the company said in a statement. For places … Read moreEurope’s Largest Floating Solar Farm Underway in Netherlands

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Oil Rebounds, Yet Contango Warns of Glut as Virus Hits Demand

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

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Trump Proposes Selling 15 Million Barrels From U.S. Oil Reserve

Donald Trump

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

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Coronavirus Threatens Oil Producers With Double Whammy

By Ellen R. Wald Feb 11, 2020 (Bloomberg Opinion) The coronavirus outbreak is already threatening oil markets. The fear of lower demand — from a disease-stricken China and eventually globally as the economic impact widens — has destabilized prices, sending crude to its lowest levels in more than a year. For major oil-producing countries, the declines, coming at … Read moreCoronavirus Threatens Oil Producers With Double Whammy

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Green Plains Reports Fourth Quarter and Full Year 2019 Financial Results

February 10, 2020 | Source: Green Plains Inc. Results for the Fourth Quarter of 2019 Net loss attributable to the company of $39.7 million, or $(1.13) per diluted share including non-cash tax valuation allowance Adjusted net loss attributable to the company of $14.4 million, or $(0.41) per diluted share, excluding a non-cash tax valuation adjustment of $25 … Read moreGreen Plains Reports Fourth Quarter and Full Year 2019 Financial Results

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Viking More Than Doubles Daily Oil & Gas Production With Recent Acquisition

February 10, 2020 | Source: Viking Energy Group, Inc. HOUSTON, TX, Feb. 10, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Viking Energy Group, Inc. (“Viking”) (OTCQB: VKIN) is pleased to announce that it has more than doubled its daily oil and gas production (on a barrel of oil equivalent basis), and increased its overall proven oil and gas … Read moreViking More Than Doubles Daily Oil & Gas Production With Recent Acquisition

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Sanders, Warren – Both Want a Ban on Hydraulic Fracking and a Wealth Tax – Karl W. Smith

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

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Five Things  to Know in World Business Today

World Business

By Lorcan Roche Kelly Feb 10, 2020 (Bloomberg) Coronavirus outbreak shows little sign of easing, a German political earthquake, and OPEC+ ministers meeting may not happen at all. Here are some of the things people in markets are talking about today. More than SARS The death toll from the coronavirus outbreak reached 910, surpassing the number that died … Read moreFive Things  to Know in World Business Today

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Oil Holds Near $50 as OPEC+ Hesitates Despite Signs of Surplus

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

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Bedrock Automation White Paper Describes the New Era of Flow Computing and Custody Transfer

Bedrock Automation Feature Logo 400x270

This new white paper from Bedrock Automation, the leader in ICS cyber security, provides an overview of the oil and gas industry dynamics that are challenging the very nature of flow computing. Learn how a new generation of digital technology is evolving to take flow measurement to higher levels of simplicity, profitability and security.   Download White Paper

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New! OpenInvoice Essentials: An Accounts Payable Solution For Small Businesses

BY CHRIS DINKLER OpenInvoice, an accounts payable solution by Enverus Business Automation, has helped some of the largest oil & gas operators eliminate paper and automate processes, transforming how these companies manage their financial operations. Many large companies achieved nearly total digital transformation, from paper to electronic invoices, with OpenInvoice. While this software has contributed to … Read moreNew! OpenInvoice Essentials: An Accounts Payable Solution For Small Businesses

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U.S. drillers add oil rigs for third week in four: Baker Hughes

Drilling Rig pipes

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

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Baker Hughes Announces January 2020 Rig Counts

Baker Hughes

February 10, 2020 Business Wire HOUSTON & LONDON – Baker Hughes (NYSE: BKR) announced today that the Baker Hughes international rig count for January 2020 was 1,078, down 26 from the 1,104 counted in December 2019, and up 54 from the 1,024 counted in January 2019. The international offshore rig count for January 2020 was 245, … Read moreBaker Hughes Announces January 2020 Rig Counts

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Energy Markets Need Winter, and Climate Change Is Taking It Away

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

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Texas Regulator Readies First Flaring Report Amid Backlash

By Rachel Adams-Heard and Kevin Crowley Feb 7, 2020 (Bloomberg) A Republican defending his seat on Texas’s all-powerful energy regulator is preparing a first-of-its-kind report on natural gas flaring, a practice that’s come under fire from environmental groups and even some producers. The report will showcase flaring trends, its proportion to surging oil production and potentially … Read moreTexas Regulator Readies First Flaring Report Amid Backlash

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BlackRock Stake in U.S. Coal Giant Shrinks Amid Climate Vow

By Will Wade  Feb 7, 2020 (Bloomberg) Even before publicly vowing to unwind its investments in coal, BlackRock Inc. began cutting its stake in the biggest U.S. miner. The world’s largest asset manager had about 4.87 million shares of Peabody Energy Corp. as of Dec. 31, a 5% stake, according to a regulatory filing Friday. That’s … Read moreBlackRock Stake in U.S. Coal Giant Shrinks Amid Climate Vow

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A $1.4 Trillion Asset Manager Is Zeroing In on Methane Leaks

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

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Feb 7, 2020 (Bloomberg) It’s jobs day, Thiam out at Credit Suisse and no sign the coronavirus crisis is easing. Here are some of the things people in markets are talking about today. Payrolls The January jobs report is expect to show hiring remains robust, with economists forecasting 165,000 new positions in the month. The unemployment … Read moreFive Things to Know in World Business Today

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A Five-Decade Rivalry Is Playing Out at OPEC+: David Fickling

By David Fickling (Bloomberg Opinion) Revenge, they say, is a dish best served cold.That seems to be the view of the Russian government, as it contemplates how to respond to pleas that it join Saudi Arabia and other OPEC members in cutting oil production. Many expect the coronavirus outbreak to trigger a demand slump. Talks between Russia … Read moreA Five-Decade Rivalry Is Playing Out at OPEC+: David Fickling

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Shell to Build First Big Solar Plant in Move to Power Production

By James Thornhill Feb 6, 2020 (Bloomberg) Royal Dutch Shell Plc will build its first large-scale solar farm as part of its plan to expand into power generation. Shell, which has set itself a goal to become the world’s top electricity producer by 2030, expects to complete the plant in Queensland, Australia, early next year. The … Read moreShell to Build First Big Solar Plant in Move to Power Production

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Oil Heads for Fifth Weekly Loss as Demand Concerns Dominate

By Alex Longley  Feb 7, 2020 (Bloomberg)Oil headed for a fifth weekly loss as demand concerns grow in Asia and Europe, while OPEC+ awaited Russia’s response to its proposal to cut output further.Chinese refiners are processing 15% less crude than before the coronavirus outbreak, said people with knowledge of operations at the nation’s largest complexes. … Read moreOil Heads for Fifth Weekly Loss as Demand Concerns Dominate

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Energy Capital Pauses Pipeline Deals on Widening Shale Despair

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

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Gulfport Energy Corporation Appoints Valerie Jochen to its Board of Directors

Appointment is Part of Continued Board Refreshment Process February 07, 2020| Source: Gulfport Energy Corporation OKLAHOMA CITY, Feb. 07, 2020 (GLOBE NEWSWIRE) — Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”) announced today Ms. Valerie Jochen has been appointed to Gulfport’s Board of Directors, effective February 6, 2020. David M. Wood, President and Chief Executive … Read moreGulfport Energy Corporation Appoints Valerie Jochen to its Board of Directors

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Best Practices in Advanced Data Science: Lessons for the Oil and Gas Industry – L.E.K.

LEK Consulting Logo Feature 400x270

Many oil and gas executives are concerned that their industry is behind in the race to apply advanced data science — including machine learning and artificial intelligence (AI) — to its most critical problems. This is understandable considering the complexity of the sector’s challenges. First, the cost of failure for oil and gas is significant, … Read moreBest Practices in Advanced Data Science: Lessons for the Oil and Gas Industry – L.E.K.

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Putin Aide Tells Companies to Prepare for Harsh EU Carbon Tax

By Natasha Doff Feb 6, 2020 (Bloomberg)Russian President Vladimir Putin’s top adviser on climate change warned big businesses that they need to start preparing for harsher carbon regulations from the European Union. An EU proposal to introduce border levies on products arriving from countries with looser environmental rules could come into force within the next two years, … Read morePutin Aide Tells Companies to Prepare for Harsh EU Carbon Tax

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Trump Withholding $823 Million for Clean Energy, Democrats Say

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

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Feb 6, 2020 (Bloomberg) China tariff cut boosts market rally, coronavirus toll continues to rise, and OPEC+ talks move into third day. Here are some of the things people in markets are talking about today. Love letter China is showing that tariffs can go down, as well as up, with Beijing’s announcement that … Read moreFive Things to Know in World Business Today

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Oil Pares Gain as Russia Asks for Time to Decide on Output Cuts

By Sharon Cho and Alex Longley Feb 6, 2020 (Bloomberg) Oil pared gains as an OPEC+ committee agreed on a required level of output cuts, but didn’t reach a decision on an emergency meeting as Russia resisted.The panel recommended a production cut of 600,000 barrels a day to offset the demand impact from the coronavirus … Read moreOil Pares Gain as Russia Asks for Time to Decide on Output Cuts

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Wind Turbine Blades Can’t Be Recycled, So They’re Piling Up in Landfills

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

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Elixir Energy well positioned to meet China’s booming natural gas demand

China is set to see a massive lift in demand for natural gas with current usage rates set to more than triple over the next 15 years. This comes as the Chinese government pushes for a switch to cleaner energy sources from coal, implementing policies to reduce sulfur dioxide and nitrogen oxides emissions and bring … Read moreElixir Energy well positioned to meet China’s booming natural gas demand

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Virus Has U.S. Gas Exporters Facing Risk of Production Cuts

By Anna Shiryaevskaya, Stephen Stapczynski and Naureen S. Malik Feb 5, 2020 (Bloomberg) A grim situation for U.S. natural gas exporters has gotten even worse as the coronavirus outbreak sends global prices plunging on concern that China’s demand for the fuel will collapse.Suppliers of American liquefied natural gas were already under pressure from depressed prices arising … Read moreVirus Has U.S. Gas Exporters Facing Risk of Production Cuts

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ConocoPhillips Reports Fourth-Quarter and Full-Year 2019 Results; Announces Preliminary 2019 Year-End Reserves, Quarterly Dividend and Increase in Existing Share Repurchase Authorization to $25 Billion

February 4, 2020 Business Wire HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) today reported fourth-quarter 2019 earnings of $0.7 billion, or $0.65 per share, compared with fourth-quarter 2018 earnings of $1.9 billion, or $1.61 per share. Excluding special items, fourth-quarter 2019 adjusted earnings were $0.8 billion, or $0.76 per share, compared with fourth-quarter 2018 adjusted earnings of $1.3 billion, … Read moreConocoPhillips Reports Fourth-Quarter and Full-Year 2019 Results; Announces Preliminary 2019 Year-End Reserves, Quarterly Dividend and Increase in Existing Share Repurchase Authorization to $25 Billion

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly  Feb 5, 2020 (Bloomberg) Virus fallout continues, partisan divide overshadows Trump address, and OPEC+ talks continue. Here are some of the things people in markets are talking about today. Almost 25,000 The number of confirmed cases and fatalities from the coronavirus outbreak continues to rise, with governments announcing further measures to combat the spread. Hong … Read moreFive Things to Know in World Business Today

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China’s Virus Clampdown Is Cutting Emissions, But Not for Long

China smog

By Bloomberg News Feb 4, 2020 (Bloomberg) If there’s a silver lining to the deadly coronavirus outbreak in China, it’s that the world’s biggest polluter is spewing less carbon, at least for now. Quarantines and extended holidays have idled cars and airplanes and shuttered coal mines and steel mills, some of the biggest contributors to the … Read moreChina’s Virus Clampdown Is Cutting Emissions, But Not for Long

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Oil Climbs From One-Year Low With OPEC+ Split on Output Curbs

By Alex Longley and Sharon Cho Feb 5, 2020 (Bloomberg) Oil rebounded back beyond $50 a barrel as OPEC+ entered a second day of discussions on the impact of the coronavirus outbreak.Futures rose 3% in New York, reversing some of the dramatic collapse across the futures curve this week that saw the market fall into a … Read moreOil Climbs From One-Year Low With OPEC+ Split on Output Curbs

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IMF Chief Pushes Carbon Tax in the Fight Against Climate Change

By Jeff Kearns Feb 5, 2020 (Bloomberg) International Monetary Fund Managing Director Kristalina Georgieva urged countries to act on global warming, saying the “best way forward is to put a price on carbon.” The IMF is pushing harder to address climate risk to the global economy by assisting with research efforts and offering policy advice. Georgieva’s … Read moreIMF Chief Pushes Carbon Tax in the Fight Against Climate Change

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CANADA UPDATE: Trudeau Pipeline Wins in Court, Boosting Canadian Oil Sector

Pipeline

By Kevin Orland and Theophilos Argitis (Bloomberg) The Canadian government’s plan to expand a major oil pipeline cleared a key legal hurdle, providing optimism the project will proceed and sending a lifeline to the country’s ailing energy industry.The Federal Court of Appeals ruled Tuesday in Ottawa that Prime Minister Justin Trudeau’s government adequately consulted with indigenous … Read moreCANADA UPDATE: Trudeau Pipeline Wins in Court, Boosting Canadian Oil Sector

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Bedrock Automation Integrates Flow-Cal Flow Measurement into Open Secure Automation (OSA®) Platform

Bedrock Automation Feature Logo 400x270

The combination of Bedrock OSA and Flow-Cal algorithms brings oil and gas measurement and custody transfer securely into the digital age San Jose, Cal. – February 3, 2020 – Bedrock Automation, the maker of Bedrock OSA®, the world’s most powerful and secure automation platform, has introduced full integration of flow computer functionality into the OSA … Read moreBedrock Automation Integrates Flow-Cal Flow Measurement into Open Secure Automation (OSA®) Platform

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WATCH: Propell Frac Blender Unit – The Most Serviceable, and Reliable Blender in the Industry

Propell-Feature-Logo-400x270-1

Propell’s new Blender bridges the gap in technology from other equipment on the frac site over the last 10 years. It’s been designed from the ground up to accommodate the increase in proppant rate and duty cycles while being reliable and serviceable. An industry first hollow-core chassis, keeps all major service components mounted outboard. And … Read moreWATCH: Propell Frac Blender Unit – The Most Serviceable, and Reliable Blender in the Industry

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U.S. natgas futures edge up from near 4-year low on cooler forecast

Natural Gas

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

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Pipeline Progress: Canada’s Oil Pipeline Projects Inch Forward

February 4, 2020 Reuters Three proposals to expand pipeline capacity to move Western Canada’s crude oil have been stalled for years by environmental and indigenous opposition in both Canada and the United States. Lately, the proposals have cleared several obstacles, but others remain. Canadian oil companies such as Canadian Natural Resources Ltd , Suncor Inc and … Read morePipeline Progress: Canada’s Oil Pipeline Projects Inch Forward

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Five Things to Know in World Business Today

World Business

By Sybilla Gross (Bloomberg) The coronavirus outbreak leaves China preparing for the worst — slower economic growth, U.S. farmers may have to wait a while before the U.S.-China trade pact reaps dividends, and Tesla was up the most since 2013. Here are some of the things people in markets are talking about today. Ready to Readjust The … Read moreFive Things to Know in World Business Today

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Oil Will Still Be Sickly After the Virus: Clara Ferreira Marques

By Clara Ferreira Marques Feb 4, 2020 (Bloomberg Opinion) Crude oil has had a grim start to the year, with prices hovering around $50 per barrel as China’s coronavirus epidemic  shuts down swathes of the world’s second-largest economy. A rebound akin to the one that followed the end of the SARS outbreak is unlikely this time. Back in 2003, … Read moreOil Will Still Be Sickly After the Virus: Clara Ferreira Marques

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Saudi King and Putin Discuss Oil Market After Virus Slams Prices

Saudi-Deputy-Crown-Prince-Mohammed-bin-Salman_Vladimir-Putin-Russia

By Ilya Arkhipov and Dina Khrennikova Feb 3, 2020 (Bloomberg)Saudi and Russian leaders held a rare phone call as oil markets tumbled, the latest signal that the OPEC+ alliance is trying to build a consensus for an output cut to prop up prices. Russian President Vladimir Putin and Saudi King Salman bin Abdulaziz discussed the … Read moreSaudi King and Putin Discuss Oil Market After Virus Slams Prices

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Oil Rises as OPEC+ Officials Meet to Check Virus Hit to Demand

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

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OPEC+ Consults China for Urgent Analysis of Virus Threat to Oil

By Grant Smith, Salma El Wardany and Javier Blas Feb 4, 2020 (Bloomberg) OPEC+ consulted with a Chinese ambassador as it conducted an urgent assessment of how the coronavirus may hurt oil demand, and what measures the group could take in response.The unusual appearance at the cartel’s headquarters of Wang Qun, China’s ambassador to international organizations … Read moreOPEC+ Consults China for Urgent Analysis of Virus Threat to Oil

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BP Bucks Oil Industry Gloom

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

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Gloom Mounts for Big Oil as Exxon, Chevron Disappoint Investors

By Joe Carroll and Kevin Crowley  Jan 31, 2020 (Bloomberg)Exxon Mobil Corp. and Chevron Corp. are discovering that the vaunted Permian Basin is a double-edged sword: surging shale supplies there are driving down global energy prices.North America’s largest oil explorers posted their weakest results in years on Friday, bedeviled by poor performances in almost all … Read moreGloom Mounts for Big Oil as Exxon, Chevron Disappoint Investors

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Minnesota regulators give key approvals for Line 3 pipeline

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

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Southcross Energy Partners To Drive Growth as a Focused Gathering and Processing Company

Company Successfully Completes Reorganization and Emerges from Chapter 11 February 03, 2020| Source: Southcross Energy Partners, L.P. HOUSTON, Texas, Feb. 03, 2020 (GLOBE NEWSWIRE) — Southcross Energy Partners LLC (“Southcross” or “the Company”) today announced its plans to serve customers and drive growth as a gathering and processing company with high-quality, strategically located facilities in the Eagle Ford Shale … Read moreSouthcross Energy Partners To Drive Growth as a Focused Gathering and Processing Company

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Global Petroleum Show Unveils New Name – Global Energy Show – to Reflect the Evolving Energy Landscape

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Global Petroleum Show—North America’s leading energy event—today announced its complete rebrand to Global Energy Show. The name Global Energy Show reflects the industry’s continued evolution, as the Show builds upon significant technological and sustainable achievements driven by oil and gas and moves to encompass alternative sources. The rebrand comes in advance of the 54th annual … Read moreGlobal Petroleum Show Unveils New Name – Global Energy Show – to Reflect the Evolving Energy Landscape

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PG&E Shares Rise on Plan for Board Overhaul in Bankruptcy Exit

By Mark Chediak Feb 3, 2020 (Bloomberg) PG&E Corp. shares jumped after the company outlined plans to overhaul its board of directors, bring in safety experts and create regional operating units in a broad reorganization proposal aimed at winning state approval for its bankruptcy exit. PG&E detailed the organizational changes in filings late Friday with the … Read morePG&E Shares Rise on Plan for Board Overhaul in Bankruptcy Exit

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Five Things to Know in World Business Today

World Business

(Bloomberg) — Virus spreads, global markets endure, and all eyes on Iowa. Here are some of the things people in markets are talking about today. Death toll rising China is continuing efforts to get to grips with the expanding coronavirus outbreak, with the death toll climbing as residents returned from the Lunar New Year holidays. The tally … Read moreFive Things to Know in World Business Today

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OPEC Only Faces One Choice in China Virus Crisis: Julian Lee

By Julian Lee Feb 2, 2020 (Bloomberg Opinion) Oil producers are starting to feel the impact of  the new coronavirus as it continues to spread, and they need to take drastic action to head off a potentially devastating impact on prices. The world’s biggest producers face two key questions, how long will it last and how severe will the … Read moreOPEC Only Faces One Choice in China Virus Crisis: Julian Lee

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Regulators revisit environmental review for Line 3 pipeline

January 31, 2020  ST. PAUL, Minn. – Minnesota regulators opened a hearing Friday on an updated environmental review for Enbridge Energy’s plan to replace its aging Line 3 crude oil pipeline across the state, but most testimony focused on broader questions of whether the project should even be built. Environmental and tribal activists urged the … Read moreRegulators revisit environmental review for Line 3 pipeline

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U.S. drillers cut oil rigs for first week in three

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

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Oil and gas companies investing in AI driven remote visual monitoring with exception-based alerting

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A major shift is taking place in the oil and gas industry. Whereas it was hard to avoid the impression that Oil and Gas companies only adopted new technologies as a last resort in the past—or only for very specific reasons, like using cameras for security. Today, companies both big and small are realizing the … Read moreOil and gas companies investing in AI driven remote visual monitoring with exception-based alerting

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A Way to Halt Natural Gas Flaring Arrives on the Back of a Truck

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

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China Oil Demand Has Plunged 20% Because of the Virus Lockdown

A gas injection site of Xiangguosi underground gas storage run by PetroChina is seen in Chongqing, China March 18, 2018. REUTERS/Chen Aizhu

By Alfred Cang, Javier Blas and Sharon Cho  Feb 2, 2020 (Bloomberg)Chinese oil demand has dropped by about three million barrels a day, or 20% of total consumption, as the coronavirus squeezes the economy, according to people with inside knowledge of the country’s energy industry.The drop is probably the largest demand shock the oil market has suffered … Read moreChina Oil Demand Has Plunged 20% Because of the Virus Lockdown

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Oil Off to Slowest Start Since 1991 With Virus Fear Spreading

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

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Saudi Push for Early OPEC+ Meeting Hits Russian Resistance

By Grant Smith, Javier Blas and Salma El Wardany Jan 30, 2020 (Bloomberg) Saudi Arabia’s push to convene an emergency OPEC+ meeting next month, bringing forward a gathering scheduled for March, ran into resistance from its key oil-market ally, Russia.The kingdom, the biggest member of the Organization of Petroleum Exporting Countries, has consulted with fellow producers on expediting … Read moreSaudi Push for Early OPEC+ Meeting Hits Russian Resistance

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Virus in China Threatens Oil Market’s Top Source of Growth

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

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly  Jan 31, 2020 (Bloomberg) Coronavirus is a global health emergency, it’s Brexit day, and Trump trial likely to end today. Here are some of the things people in markets are talking about today. WHO says The World Health Organization declared the coronavirus outbreak a global health emergency as the number of cases continues to climb, … Read moreFive Things to Know in World Business Today

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Oil Heads for Biggest Monthly Loss Since May With Focus on Virus

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

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Stalled $1 Billion Gas Pipe Gets Backing From U.S. Regulator

By Stephen Cunningham Jan 30, 2020 (Bloomberg) A controversial $1 billion shale gas pipeline that’s been stalled by a dispute over whether it can seize state-owned land for construction won the backing of the nation’s top energy regulator.PennEast had sought the support of the Federal Energy Regulatory Commission after a court decision prevented it from exercising eminent … Read moreStalled $1 Billion Gas Pipe Gets Backing From U.S. Regulator

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Hi-Crush Inc. Reports Preliminary Fourth Quarter 2019 Results and Provides Business Updates

January 31, 2020 | Source: Hi-Crush Inc. Revenues for 4Q 2019 expected to be between $123 million and $127 million vs. $173 million in 3Q 2019 Expect 38% of 4Q 2019 revenues to be driven by logistics and equipment services vs. 33% in 3Q 2019 Exited 2019 with cash of $57.6 million, ABL Facility availability of $43.9 … Read moreHi-Crush Inc. Reports Preliminary Fourth Quarter 2019 Results and Provides Business Updates

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OPEC Weighs Earlier Meeting as Virus Threatens Oil Demand

By Grant Smith and Nayla Razzouk Jan 30, 2020 (Bloomberg) OPEC members are discussing holding an emergency meeting next month, bringing forward a gathering originally scheduled for March, as oil prices sink on concern the coronavirus outbreak will hit demand. Algerian Energy Minister Mohamed Arkab — who currently holds the ceremonial post of Organization of Petroleum … Read moreOPEC Weighs Earlier Meeting as Virus Threatens Oil Demand

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Oil Sinks to Three-Month Low as Asia Virus Spooks OPEC

By Ann Koh and Grant Smith Jan 30, 2020 (Bloomberg) Oil slumped again to a three-month low as concern that the coronavirus outbreak will hit demand prompted OPEC to consider an emergency meeting.Futures lost as much as 2.6% in New York. Airlines across the world suspended flights to China as the death toll from the virus … Read moreOil Sinks to Three-Month Low as Asia Virus Spooks OPEC

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Texas and Iowa Installed More Wind Turbines Than Ever Last Year

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

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Jan 30, 2020 (Bloomberg) Coronavirus spreads to more countries, Bank of England decision on a knife-edge, and it’s another big day for earnings. Here are some of the things people in markets are talking about today. Contagion The coronavirus death toll climbed to 170 with confirmed cases in China rising past 7,700 as the outbreak … Read moreFive Things to Know in World Business Today

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2020 Louisiana Energy Conference to Be Held in New Orleans May 26 – 29, 2020 Details HERE

Will Feature Panels May 27 – 28 and Field Trips on May 29 January 29, 2020  | Source: Louisiana Energy Conference NEW ORLEANS, Jan. 29, 2020 (GLOBE NEWSWIRE) — The 2020 Louisiana Energy Conference will be held in New Orleans on Tuesday afternoon May 26 through Friday, May 29, 2020 at The Ritz-Carlton, New Orleans at … Read more2020 Louisiana Energy Conference to Be Held in New Orleans May 26 – 29, 2020 Details HERE

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Valero Energy Reports 2019 Fourth Quarter and Full Year Results

January 30, 2020 | Source: Valero Energy Corporation Reported net income attributable to Valero stockholders of $1.1 billion, or $2.58 per share, for the fourth quarter and $2.4 billion, or $5.84 per share, for the year. Reported adjusted net income attributable to Valero stockholders of $873 million, or $2.13 per share, for the fourth quarter and $2.4 billion, or $5.70 … Read moreValero Energy Reports 2019 Fourth Quarter and Full Year Results

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Column: LNG, the “champagne” of fuels, should enjoy its “beer” moment

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

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Ovintiv Posts Anadarko Day Materials; Provides First Look at Strong 2019 Operational Results

January 29, 2020 CNW Company boosts returns by reducing STACK drilling and completion costs to $6.0 million per well DENVER, CO, Jan. 29, 2020 /CNW/ – Ovintiv Inc. (NYSE, TSX: OVV) released materials associated with its Anadarko Day conference call and webcast, planned for today at 2:30 p.m. MT (4:30 p.m. ET). In addition, initial operating results for 2019 were … Read moreOvintiv Posts Anadarko Day Materials; Provides First Look at Strong 2019 Operational Results

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Total Sued by French Cities, NGOs Over Carbon Emission Targets

By Francois de Beaupuy Jan 28, 2020 Oil giant Total SA is being sued by 14 local governments and a handful of non-governmental organizations in France for not doing enough to reduce its carbon emissions and fight global warming.The legal challenge is the latest sign that the biggest oil companies are coming under increasing pressure … Read moreTotal Sued by French Cities, NGOs Over Carbon Emission Targets

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Jan 29, 2020 (Bloomberg) Coronavirus toll continues to rise, it’s decision day at the Fed, and impeachment trial rolls on. Here are some of the things people in markets are talking about today. Cases soar The number of confirmed coronavirus cases in China grew to almost 6,000, surpassing the country’s total from the … Read moreFive Things to Know in World Business Today

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Oil Extends Rebound From Three-Month Low as Inventories Decline

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

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Oil Data From SARS Era Offers Clues to Impact of China Virus

By Christopher Sell Jan 29, 2020 (Bloomberg) Oil traders reacted to the outbreak of the coronavirus in China by dumping contracts for crude, diesel and jet fuel. Data from the last Chinese epidemic offer some clues as to whether the selloff is justified. The 2003 outbreak of Severe Acute Respiratory System, or SARS, did indeed crimp demand, according to … Read moreOil Data From SARS Era Offers Clues to Impact of China Virus

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Bonanza Creek Provides an Operational Update and 2020 Guidance

January 28, 2020 | Source: Bonanza Creek Energy, Inc. DENVER, Jan. 28, 2020 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE: BCEI) (“Bonanza Creek” or the “Company”) today provided preliminary 2019 results and 2020 guidance. The Company has also posted an updated investor presentation to its website. Highlights for fourth quarter and full year 2019 include: Average sales volumes … Read moreBonanza Creek Provides an Operational Update and 2020 Guidance

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Saudi Arabia ‘Closely Monitoring’ Virus Impact on Oil Market

By Javier Blas and Grant Smith  Jan 27, 2020 (Bloomberg) Saudi Arabia is “closely monitoring” the effect of the Chinese coronavirus outbreak on the oil market, but so far believes the crisis will have a “very limited impact” on global demand.Brent crude, the global oil benchmark, plunged nearly 4% on Monday, dropping below $60 a barrel, … Read moreSaudi Arabia ‘Closely Monitoring’ Virus Impact on Oil Market

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Green Deal Law To Make EU’s ‘Tectonic’ Energy Shift Irreversible

By Ewa Krukowska Jan 28, 2020 (Bloomberg) Europe wants to make its goal of becoming the first climate-neutral continent irreversible under a new law that is to be unveiled next month, offering investors the certainty they ask for before backing unprecedented levels of investment.The climate law will require all corners of the economy to take action … Read moreGreen Deal Law To Make EU’s ‘Tectonic’ Energy Shift Irreversible

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Jan 28, 2020 Further coronavirus restrictions, Apple earnings due, and Trump lawyers wrap up defense. Here are some of the things people in markets are talking about today. Travel ban In the latest move to stop the spread of a deadly virus, China has announced it will stop individual travelers to Hong Kong and … Read moreFive Things to Know in World Business Today

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Outgoing BP CEO Warns of Moving Too Fast on Climate Change

BP Gas Station

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

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Everyone’s Favorite Climate Solution Has a Fire Problem

By David R Baker and Mark Chediak Jan 28, 2020 (Bloomberg) —The explosion ruptured the dusk settling over the desert in Surprise, Arizona. For hours, smoke had poured from a metal shed packed with lithium-ion batteries at a small electric substation. The batteries were tied to the electric grid, and somehow they had caught fire.Firefighters … Read moreEveryone’s Favorite Climate Solution Has a Fire Problem

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Exxon at a 10-Year Low Shows Challenges for Oil’s Biggest Major

By Kevin Crowley Jan 28, 2020 (Bloomberg) It’s almost as if the last decade never happened for investors of Exxon Mobil Corp. shares.Once the gold-standard of Big Oil, the stock closed Monday at its lowest since October 2010, amid a slump in oil prices due to concerns about weak demand coupled with a glut. The S&P … Read moreExxon at a 10-Year Low Shows Challenges for Oil’s Biggest Major

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Wise Up, Stock Analysts. Tesla Is the Real Deal.: Matthew A. Winkler

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

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Oil Holds Near Three-Month Low as Virus Threatens Chinese Demand

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

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Halcón Changes Name to Battalion Oil Corporation and Announces NYSE American Listing Application

January 27, 2020 | Source: Battalion Oil Corporation Houston, Jan. 27, 2020 (GLOBE NEWSWIRE) — Halcón Resources Corporation announced today that it has changed its company name to Battalion Oil Corporation (“Battalion” or the “Company”). The new name reflects the Company’s new team, new culture, and new strategy. Richard Little, the Company’s Chief Executive Officer commented, … Read moreHalcón Changes Name to Battalion Oil Corporation and Announces NYSE American Listing Application

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EnCap Taps $6 Billion for Shale Drilling as Buyers Walk from Shale Assets

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

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Jan 27, 2020 (Bloomberg) China outbreak worsens, oil falls to three-month low, and Senate Republicans face new pressure to call impeachment witnesses. Here are some of the things people in markets are talking about today. Rising toll China’s coronavirus has lead to the deaths of at least 80 people with confirmed domestic cases jumping … Read moreFive Things to Know in World Business Today

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This Year’s Other Big Climate Election? It’s for a Seat on the Texas Railroad Commission

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

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Oil Falls to Three-Month Low as Virus Spread Raises Demand Fear

Crude Oil Shipments In The Persian Gulf

By Rakteem Katakey and Aaron Clark  Jan 27, 2020 (Bloomberg) Oil tumbled to the lowest in more than three months on fears China’s deadly coronavirus will hit demand in a market that already has plentiful supply. Futures plunged more than 3% as China reported an increase in fatalities and infections. While the country extended the Lunar New Year … Read moreOil Falls to Three-Month Low as Virus Spread Raises Demand Fear

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VAALCO Announces the Appointment of William R. Thomas as President

January 27, 2020| Source: VAALCO Energy, Inc. HOUSTON, Jan. 27, 2020 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (VAALCO or the Company) today announced that Mr. William R. Thomas has been appointed President of VAALCO effective February 1, 2020.  Mr. Thomas has been serving as a non-executive director for VAALCO for the past … Read moreVAALCO Announces the Appointment of William R. Thomas as President

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Key Energy Services Announces Restructuring Support Agreement

January 27, 2020  | Source: Key Energy Services, Inc. HOUSTON, Jan. 27, 2020 (GLOBE NEWSWIRE) — Key Energy Services, Inc. (“Key” or the “Company”) announced today that it has entered into a Restructuring Support Agreement (including the exhibit thereto, the “RSA”) with lenders under its term loan facility collectively holding over 99.5% (the “Supporting Term Lenders”) of … Read moreKey Energy Services Announces Restructuring Support Agreement

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U.S. drillers add oil rigs for second week in a row

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

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H2Sweet Inc.: A regenerable H2S Scrubbing Process

  The Sulfcat® system is an innovative H2S scrubbing process.  Utilizing iron particles to catalyze reactions, H2S molecules are converted to elemental sulfur. This is a new approach to an established technology and is a significant improvement upon traditional H2S scrubbing processes that consume large volumes of Triazine based scavengers. Sulfcat® also improves upon more … Read moreH2Sweet Inc.: A regenerable H2S Scrubbing Process

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Shell is using Osperity’s computer vision solution at several Canadian terminals. Find out how to make your terminals safer, more productive and secure:

Osperity Feature Logo 400x270

A true manage by exception solution Osperity uses advanced Computer Vision (AI) and machine learning to recognize objects and events of interest while disregarding objects of no value, minimizing false positives. Our cloud-based platform is designed for industrial applications and is being used at several midstream and downstream terminals throughout North America and Australia. Osperity … Read moreShell is using Osperity’s computer vision solution at several Canadian terminals. Find out how to make your terminals safer, more productive and secure:

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Oil Posts Worst Week in a Year as Virus Selloff Deepens

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

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Global LNG Poised for Terrible Year as Supply Floods Market

FILE PHOTO - The Offshore LNG regasification terminal, the FSRU Toscana, is towed into Valletta's Grand Harbour July 1, 2013. REUTERS/Darrin Zammit Lupi

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

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Jan 24, 2020 (Bloomberg) Virus travel restrictions hit 40 million, it’s PMI day, and Democrats wrap up their impeachment case. Here are some of the things people in markets are talking about today. Movement bans Restrictions on travel in China were further widened, with 40 million people now banned from making journeys as authorities … Read moreFive Things to Know in World Business Today

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Oil Set for Weekly Slump as Asia Virus Adds to Demand Concerns

By Saket Sundria and Grant Smith  Jan 24, 2020 (Bloomberg) Oil headed for a 5.7% loss this week amid fears that China’s coronavirus will erode fuel demand just as markets struggle with a fragile world economy and adequate supplies.Futures held above $55 a barrel in New York, buoyed by an unexpected drop in U.S. crude inventories and a … Read moreOil Set for Weekly Slump as Asia Virus Adds to Demand Concerns

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Making Big Oil Pay for Climate Change May Be Impossible

By Erik Larson Jan 24, 2020 (Bloomberg) Exxon Mobil dodged a bullet last month when a judge rejected a novel climate-change lawsuit brought by New York’s attorney general. The case began with a promise from state officials that there would be a historic reckoning for the fossil fuel giant. It ended ignominiously as a failed accounting fraud claim. … Read moreMaking Big Oil Pay for Climate Change May Be Impossible

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Carbon Tax Won’t Be Necessary Due to Technology, U.S. Treasury Secretary Mnuchin Says

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

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Jan 24, 2020 (Bloomberg) Virus travel restrictions hit 40 million, it’s PMI day, and Democrats wrap up their impeachment case. Here are some of the things people in markets are talking about today. Movement bans Restrictions on travel in China were further widened, with 40 million people now banned from making journeys as authorities … Read moreFive Things to Know in World Business Today

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Truck-Stop Pilot Flying J Expands Into Energy Market

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

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DAVOS UPDATE: RBC CEO Says Fossil Fuels Necessary in Shift to Green Economy

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

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Apache Corporation Provides Fourth-Quarter Supplemental Information and Schedules Results Conference Call for Feb. 27, 2020, at 10 a.m. Central Time

January 23, 2020  | Source: Apache Corporation HOUSTON, Jan. 23, 2020 (GLOBE NEWSWIRE) — Apache Corporation (NYSE, NASDAQ: APA) today provided supplemental information regarding certain fourth-quarter 2019 financial and operational results. Supplemental quarterly information To further assist analysts with their fourth-quarter earnings models, the company is providing the following estimates: Average Realized Prices – 4Q19 Oil … Read moreApache Corporation Provides Fourth-Quarter Supplemental Information and Schedules Results Conference Call for Feb. 27, 2020, at 10 a.m. Central Time

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Oil States Updates Fourth Quarter 2019 Guidance

January 23, 2020  | Source: Oil States International, Inc. HOUSTON, Jan. 23, 2020 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE:OIS) announced today updated financial estimates for the fourth quarter of 2019 noting weakness associated with the greater than anticipated decline in U.S. land completion activities. Fourth quarter 2019 unaudited revenues for the Well Site Services … Read moreOil States Updates Fourth Quarter 2019 Guidance

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FRAC SHACK INC. ANNOUNCES ACQUISITION OF OPERATING ASSETS OF THE SANDTINEL GROUP OF COMPANIES

Acheson, Alberta, January 23, 2020—Frac Shack Inc. (Frac Shack) announced that it has acquired all the operating assets of the Sandtinel Group of Companies (Sandtinel) for an undisclosed amount. Frac Shack will fund the purchase with cash and debt. All Sandtinel employees have also agreed to join the new entity, called Sand Separation Technologies Inc. … Read moreFRAC SHACK INC. ANNOUNCES ACQUISITION OF OPERATING ASSETS OF THE SANDTINEL GROUP OF COMPANIES

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Canada’s oil and gas industry already working on IEA’s call for lower emissions future – CEC

Published by Canadian Energy Centre  Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Deborah Jaremko A Cenovus SAGD (steam-assisted gravity drainage) well pad at the company’s Foster Creek project in northeastern Alberta. Photograph courtesy Cenovus Energy The International Energy Agency (IEA) is urging the world’s oil and gas industry to use … Read moreCanada’s oil and gas industry already working on IEA’s call for lower emissions future – CEC

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Jan 23, 2020 (Bloomberg) China bans travel from virus city, it’s decision day at the ECB, and trade tensions rise between the U.S. and Europe. Here are some of the things people in markets are talking about today. Lockdown Chinese officials dramatically moved to shut down travel from Wuhan, the city of 11 … Read moreFive Things to Know in World Business Today

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Natural Gas Group Touts Climate Benefit as Fuel Comes Under Fire

By Naureen S. Malik Jan 22, 2020 (Bloomberg) A natural gas industry group is touting the fuel’s climate credentials as more cities move to ban it from homes and businesses. Using gas for heating and cooking is far more efficient than using it to produce electricity, according to prepared remarks to investors by Scott Prochazka, chairman … Read moreNatural Gas Group Touts Climate Benefit as Fuel Comes Under Fire

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Oil Falls to Seven-Week Low as Asia Virus Eclipses Supply Loss

By Saket Sundria and Grant Smith  Jan 23, 2020 (Bloomberg)Oil fell further after hitting a seven-week low on speculation that China’s coronavirus outbreak may dent demand, just as the market already contends with plentiful supplies. Futures lost 1.6% in New York to trade below $56 a barrel as the world’s biggest oil importer effectively quarantined a major … Read moreOil Falls to Seven-Week Low as Asia Virus Eclipses Supply Loss

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Gas Exports Have a Dirty Secret: A Carbon Footprint Rivaling Coal’s

By Catherine Traywick, Stephen Cunningham, Naureen Malik and Dave Merrill Jan 23, 2020 (Bloomberg) In May, while President Donald Trump toured a new $10 billion plant designed to prepare natural gas for export, he made a vow. Such facilities would be good for the environment, he said, or they won’t get approved.The president has greenlit 11 projects so … Read moreGas Exports Have a Dirty Secret: A Carbon Footprint Rivaling Coal’s

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U.S. Treasury Secretary Mnuchin Tells Thunberg to Go Study Economics: Davos Update

By Iain Rogers and Chris Reiter  Jan 23, 2020 (Bloomberg) The rich and powerful are in Davos, Switzerland, for the World Economic Forum’s 50th annual meeting, and the gathering is being closely watched to see how the global elite aims to tackle problems they helped create, above all climate change. Germany’s Angela Merkel will speak … Read moreU.S. Treasury Secretary Mnuchin Tells Thunberg to Go Study Economics: Davos Update

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