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Key Saudi Arabian Oil Site Attacked, Sending Brent Above $70

Mar 7, 2021 (Bloomberg) Saudi Arabia said one of the most protected crude facilities in the world came under missile attack on Sunday, in a clear escalation of hostilities that sent oil prices surging.The drone and missile attacks were intercepted and crude production appeared to be unaffected. But the latest in a spate of assaults claimed by Iran-backed Houthi … Read more Key Saudi Arabian Oil Site Attacked, Sending Brent Above $70

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Saudi Arabia’s Bold Plan to Rule the $700 Billion Hydrogen Market

  Land set aside for a hydrogen plant and the wind and solar farms to power it in Neom, Saudi Arabia.Source: Neom (Bloomberg)  Sun-scorched expanses and steady Red Sea breezes make the northwest tip of Saudi Arabia prime real estate for what the kingdom hopes will become a global hub for green hydrogen. As governments … Read more Saudi Arabia’s Bold Plan to Rule the $700 Billion Hydrogen Market

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As debate rages over cross-border pipelines, U.S. analysts brace for more oil by rail

WASHINGTON — The fierce debate over cross-border pipelines is putting more Canadian oil and gas on trains destined for the United States — a country experts fear is ill-equipped for the potential consequences. It would take an oil-by-rail calamity of a scale comparable to the 2013 Lac-Mégantic disaster in Quebec before Americans wake up to … Read more As debate rages over cross-border pipelines, U.S. analysts brace for more oil by rail

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Oilfield Jobs Tank Again in U.S. After Brief Recovery Last Year

Rig Workers

Mar 5, 2021 (Bloomberg) The hired hands of America’s oil patch have now lost all the job gains they made during a brief recovery last year, according to a trade group.The companies that frack wells and make the equipment necessary to produce oil cut an estimated 12,321 jobs over a three-month stretch ending in February, according … Read more Oilfield Jobs Tank Again in U.S. After Brief Recovery Last Year

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‘I’ll believe it when I see it’ – Saudi Arabia doubts oil recovery and keeps taps tight

LONDON (Reuters) – This week’s surprise decision by Saudi Arabia and other top oil producers to broadly stick with output cuts despite rising crude prices was influenced by events in an unexpected place – Italy. About a year after the country’s financial heart became one of the first European cities to enter a lockdown to … Read more ‘I’ll believe it when I see it’ – Saudi Arabia doubts oil recovery and keeps taps tight

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U.S. Refinery Insights: Texas Output Coming Back With Caution

(Bloomberg) Texas fuel makers are racing to restore operations knocked out by mid-February’s brutal winter storm, but they’re also casting a wary eye on improvements in the market and may be reluctant to come back at full throttle.Refiners are gun-shy after 12 months of losing money in a market that was hit hard by Covid-19, prompting several plants … Read more U.S. Refinery Insights: Texas Output Coming Back With Caution

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Opposing Natural Gas Pipelines Means Opposing Natural Gas Users

By Benjamin R. Dierker With politics governing energy and climate policy, people must remain central. Half of U.S. homes currently rely on natural gas for heating, while over half of food services and 38% of the energy generated nationwide for schools, hospitals, and communities require natural gas. When pipelines are blocked, development is restricted. When … Read more Opposing Natural Gas Pipelines Means Opposing Natural Gas Users

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Texas Lawmakers Weighing Financial Rescue for Power Grid

Mar 6, 2021 (Bloomberg) Texas leaders have held multiple talks with financial institutions as lawmakers weigh options for easing the liquidity crisis facing the state’s power market following last month’s energy crisis. “There are multiple options on the table,” said state Senator Kelly Hancock, who chairs the business and commerce committee which has held hearings on … Read more Texas Lawmakers Weighing Financial Rescue for Power Grid

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Texas Regulators Decline to Reprice $16 Billion Market ‘Error’

Mar 5, 2021 (Bloomberg)Texas regulators declined to rescind $16 billion in alleged overcharges for electricity during last month’s blackouts, leaving the state’s power market facing a potential financial crisis. “Decisions were made about these prices in real time based, on information available to everybody,” said Arthur D’Andrea, chair of the Public Utility Commission of Texas … Read more Texas Regulators Decline to Reprice $16 Billion Market ‘Error’

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Biden Set to Advance Offshore Wind Farm Near Martha’s Vineyard

By Jennifer A. Dlouhy and Josh Saul Mar 5, 2021 (Bloomberg) The Biden administration is moving closer to a final approval of Vineyard Wind LLC’s $2.8 billion offshore wind farm planned near the coast of Massachusetts.The Bureau of Ocean Energy Management is set to publish a favorable final environmental review of the 800-megawatt project on Monday, … Read more Biden Set to Advance Offshore Wind Farm Near Martha’s Vineyard

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U.S. drillers add oil and gas rigs for second week in a row: Baker Hughes

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row as crude prices soared to their highest since 2019. The oil and gas rig count, an early indicator of future output, rose one to 403 in the week to March 5, still its highest since … Read more U.S. drillers add oil and gas rigs for second week in a row: Baker Hughes

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U.S. energy regulator focuses on access to renewable power to reduce climate impact

Wind Turbines

WASHINGTON (Reuters) – The head of the Federal Energy Regulatory Commission said on Thursday he is focused on enabling the construction of long-distance power transmission lines to help bring more renewable power onto the grid. Richard Glick, FERC’s chairman, told the virtually-held CERAWeek conference that new power lines would help bring electricity generated at solar … Read more U.S. energy regulator focuses on access to renewable power to reduce climate impact

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Goldman hikes Brent forecast, says ‘shale discipline’ behind OPEC strategy

(Reuters) – Goldman Sachs Commodities Research raised its Brent forecast for second and third quarter by $5 a barrel after OPEC and its allies kept the deal unchanged, and said ‘discipline of shale producers’ is likely behind the group’s slower output increase. The Wall Street bank now sees Brent prices at $75 a barrel in … Read more Goldman hikes Brent forecast, says ‘shale discipline’ behind OPEC strategy

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EV rollout will require huge investments in strained U.S. power grids

(Reuters) – During several days of brutal cold in Texas, the city of Austin saw its fleet of 12 new electric buses rendered inoperative by a statewide power outage. That problem will be magnified next year, when officials plan to start purchasing electric-powered vehicles exclusively. The city’s transit agency has budgeted $650 million over 20 … Read more EV rollout will require huge investments in strained U.S. power grids

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Energy Secretary Says Oil Industry Must Embrace Green Transition

Mar 3, 2021 (Bloomberg) – Jennifer Granholm used her first speech as U.S. Energy Secretary to warn oil and gas companies they risk being left behind unless they embrace a transition to cleaner sources of energy, while also offering them an opportunity to partner with the new administration. “I’m not going to sugarcoat how hard … Read more Energy Secretary Says Oil Industry Must Embrace Green Transition

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Goldman Made $200 Million Off the Deep Freeze, at Least on Paper

Mar 5, 2021 (Bloomberg) Goldman Sachs Group Inc. traders are poised for significant profits from the freeze that roiled energy markets and left swaths of the U.S. without electricity last month. That is, if they can collect. The bank could stand to gain more than $200 million from the physical sale of power and natural gas … Read more Goldman Made $200 Million Off the Deep Freeze, at Least on Paper

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Commentary: It’s Too Late for Big Oil’s Pivot to a Carbon Tax

By Gernot Wagner Mar 5, 2021 The American Petroleum Institute is debating whether to support a price on carbon. It’s not every day that a top lobbying group contemplates taxing itself. That’s big news, and it’s tempting to call it a win for the climate. Not so fast. While API’s expected endorsement is indeed a sign of … Read more Commentary: It’s Too Late for Big Oil’s Pivot to a Carbon Tax

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Saudis Bet ‘Drill, Baby, Drill’ Over in Push for Pricier Oil

Mar 5, 2021 (Bloomberg) Saudi Arabia just made a high-stakes wager that the glory days of U.S. shale, which transformed the global energy map in the last decade, are never coming back. By keeping a tight grip on supply at Thursday’s meeting of the OPEC+ alliance of oil producers, Saudi Energy Minister Prince Abdulaziz bin Salman … Read more Saudis Bet ‘Drill, Baby, Drill’ Over in Push for Pricier Oil

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Oil Sands Give OPEC a Boost With Half-Million-Barrel Output Cut

Mar 5, 2021 (Bloomberg) Major oil sands producers in Western Canada will idle almost half a million barrels a day of production next month, helping tighten global supplies as oil prices surge. Canadian Natural Resources Ltd.’s plans to conduct 30 days of maintenance at its Horizon oil sands upgrader in April will curtail roughly 250,000 barrels … Read more Oil Sands Give OPEC a Boost With Half-Million-Barrel Output Cut

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Oil Soars Above $65 With Saudi Supply Gamble Buoying Crude Bulls

Oil Prices Up

By Saket Sundria and Alex Longley Mar 5, 2021 (Bloomberg) Oil topped $65 a barrel in New York after OPEC+ chose not to relax supply curbs, confounding widespread expectations that the group would loosen the taps as the global economy pulls out of its pandemic-driven slump.Thursday’s surprise decision spurred a wave of upgrades in crude price … Read more Oil Soars Above $65 With Saudi Supply Gamble Buoying Crude Bulls

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KPMG: What are Oil & Gas CIO’s priorities?

KPMG

The KPMG Global Energy Institute is pleased to share the oil and gas industry findings of the Harvey Nash/KPMG CIO Survey 2020. Now in its 22nd year, it is the largest IT leadership survey in the world, with over 4,200 responses from CIOs and technology executives across 83 countries. In this report, based on 70 … Read more KPMG: What are Oil & Gas CIO’s priorities?

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U.S. readies $40 billion in loans to boost clean energy

WASHINGTON (Reuters) – U.S. Energy Secretary Jennifer Granholm said on Wednesday she is ready to reactivate her department’s loan program office that went mostly unused in the last four years and has more than $40 billion in funds to boost the transition to clean energy. “I am ready to rev those engines back up so … Read more U.S. readies $40 billion in loans to boost clean energy

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Value of existing energy pipelines grows as ESG targets block new projects

Pipeline Oil Storage

CALGARY, Alberta (Reuters) – Existing energy pipelines in North America are becoming increasingly valuable because investor focus on environmental, social, and corporate governance (ESG) issues is making it more difficult to finance new infrastructure, midstream industry executives said on Wednesday. The “tobaccofication” of the energy industry in recent years has led to less money flowing … Read more Value of existing energy pipelines grows as ESG targets block new projects

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How the Oil Lobby Learned to Love Carbon Taxes

Mar 4, 2021 (Bloomberg) Few saw the surprise disclosure earlier this week that the American Petroleum Institute is considering endorsing a price on carbon dioxide emissions and thought the fierce fossil fuel lobby was suddenly becoming climate-friendly. Rather, seasoned industry-watchers say it’s the clearest sign yet that fossil fuel companies see Washington’s shift on climate policy as a real and significant threat.A … Read more How the Oil Lobby Learned to Love Carbon Taxes

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Oil Rallies After Saudi Oil Minister Urges OPEC+ Supply Caution

By Saket Sundria and Alex Longley Mar 4, 2021 (Bloomberg) Oil traded above $62 a barrel in New York after Saudi Arabia’s oil minister urged caution from producers as they gathered virtually. West Texas Intermediate added 1.8%, while Brent also climbed. OPEC+ should keep its powder dry, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said … Read more Oil Rallies After Saudi Oil Minister Urges OPEC+ Supply Caution

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OPEC+ debates whether to raise or freeze oil output as price recovers

DUBAI/MOSCOW (Reuters) – OPEC, Russia and other oil producers meet on Thursday to decide whether to keep April output steady or increase it as they weigh a recent price rally against uncertainty about the economic recovery. With oil above $60 a barrel, some analysts have predicted the OPEC+ group of producers will increase output by … Read more OPEC+ debates whether to raise or freeze oil output as price recovers

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Samsung: Rugged devices intended to withstand the oil field

Samsung-Feature-Logo

When it comes to energy fieldwork, workers require technology that can stand up to a range of working environments. Businesses operating in the oil fields want to equip their employees with rugged devices that can withstand the toughest environments.. Fortunately, Samsung offers a ruggedized lineup built for people who work in harsh environments that lie … Read more Samsung: Rugged devices intended to withstand the oil field

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Exports to drive U.S. natural gas demand growth, but pipelines needed

(Reuters) – U.S. domestic consumption of natural gas will peak around 2030 but rising pipeline and liquefied natural gas (LNG) exports should keep demand for the fuel growing through 2050, Matthew Palmer, senior director at IHS Markit, said on Wednesday. Moving that gas from the states where it is produced to places were it can … Read more Exports to drive U.S. natural gas demand growth, but pipelines needed

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Leveling Cylinders – The Key to Stability

RHK Feature Logo 400x270

Leveling cylinders are used in many applications to stabilize a rig’s working position. Replacing traditional methods of manual jacking and blocking, hydraulic leveling cylinders provide a precise, time saving method of stabilizing a working platform for increased operator safety and productivity. Also referred to as outriggers, stabilizers, leveling jacks and landing gear, leveling cylinders provide … Read more Leveling Cylinders – The Key to Stability

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Fired Equipment TAR Reviews – Becht

By: Matt Caserta and Grant Jacobson Fired equipment is a critical part of most refinery process units. Operating at high temperatures and potentially high pressures make these equipment items particularly risky. Add in the presence of open flames and failures can be dramatic. In today’s refining climate, fired equipment is required to run 5 to … Read more Fired Equipment TAR Reviews – Becht

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CERAWeek Update: Energy firms bet on hydrogen boom, but payday far away

(Reuters) – Governments and energy companies are placing large bets on clean hydrogen playing a leading role in efforts to lower greenhouse gas emissions, but its future uses and costs are highly uncertain. “Without hydrogen by 2050 we cannot aim to be a net zero (carbon) economy,” Royal Dutch Shell CEO Ben van Beurden told … Read more CERAWeek Update: Energy firms bet on hydrogen boom, but payday far away

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Record U.S. crude stockbuild as refining plummets after Texas freeze

(Reuters) – U.S. crude oil stockpiles surged by a record of more than 21 million barrels last week as refining plunged to an all-time low due to the Texas freeze that knocked out power for millions. With refiners unable to process crude, gasoline and distillate inventories also dropped dramatically, especially in the Gulf Coast region … Read more Record U.S. crude stockbuild as refining plummets after Texas freeze

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Oil up as OPEC+ considers rollover rather than raising output

LONDON (Reuters) – Oil prices rose on Wednesday, boosted by expectations that OPEC+ producers might decide against increasing output when they meet this week, while signs of progress in the coronavirus vaccine rollout in the United States gave further support. Brent oil was up $1.28, or 2%, to $63.98 a barrel by 1050 GMT. U.S. … Read more Oil up as OPEC+ considers rollover rather than raising output

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Renewable diesel boom highlights challenges in North American clean-energy transition

(Reuters) For 17 years, trucker Colin Birch has been hitting the highways to collect used cooking oil from restaurants. He works for Vancouver-based renderer West Coast Reduction Ltd, which processes the grease into a material to make renewable diesel, a clean-burning road fuel. That job has recently gotten much harder. Birch is caught between soaring … Read more Renewable diesel boom highlights challenges in North American clean-energy transition

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OPEC oil has advantage over U.S. shale during pandemic recovery

(Reuters) – The once-brash U.S. shale industry, which spent profusely in recent years to grab market share, is now focused on preserving cash, putting it at a disadvantage to low-cost OPEC producers as the global economy begins to gear up again. Prior to the pandemic-induced downturn, OPEC countries led by Saudi Arabia restrained their production, … Read more OPEC oil has advantage over U.S. shale during pandemic recovery

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Clarifying Carbon Credits: An Undervalued Opportunity For Producers

Clear Rush Co Feature Logo 400x270

The Carbon Offset trading market has seen a significant increase in activity during recent years. As more industries, including the oil and gas sector, move towards net-zero carbon emissions, many companies are investigating ways to generate or purchase carbon offsets to achieve their long-term goals. The province of Alberta, Canada has had a carbon registry … Read more Clarifying Carbon Credits: An Undervalued Opportunity For Producers

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The Business Case for Maintenance Automation

Azzier Feature Logo 400x270

A wise man once said, “A penny saved is a penny earned.” However, in the case of maintaining large capital assets, such as facilities, plant equipment or mobile assets, spending money on maintenance automation specifically can result in significant savings, over time. Consider these points: The cost of repairing equipment damage or failure due to … Read more The Business Case for Maintenance Automation

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WEBINAR RECORDING: Transloading 101: Fundamentals for Crude Oil and Condensates, Propane and Butane

Sky Eye Measurement Feature Logo 400x270

Join Sky Eye’s Vice President Business Development, John Forchuk, and our Business Development Representative, Grace Corry for an overview of a Sky Eye Ed Tech session, “Transloading 101”. Questions about the fundamentals of energy transport? Contact Sky Eye’s sales team today [email protected]

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Government policies, economics creating market for carbon capture: Exxon CEO

By Reuters Staff (Reuters) – Improving economics and government policies are creating opportunities for carbon capture and storage, Exxon Mobil Chief Executive Darren Woods said at an energy conference on Tuesday. Exxon, under pressure from activist investors who want the company to develop more ambitious plans for the energy transition, recently launched a Low Carbon … Read more Government policies, economics creating market for carbon capture: Exxon CEO

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U.S. climate czar urges oil industry to hasten transition to renewables

WASHINGTON (Reuters) – U.S. climate envoy John Kerry on Tuesday urged oil and gas companies to do more to diversify and adopt low-carbon technologies to tackle climate change. Speaking alongside oil executives making the case for the continued production of oil and gas at the virtually-held CERAWeek conference, Kerry called for the United States to … Read more U.S. climate czar urges oil industry to hasten transition to renewables

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Petrobras CEO calls bio jet fuel key for de-carbonizing

(Reuters) – The chief executive of Brazil’s state-run oil company Petrobras, Roberto Castello Branco, said biofuels, especially those for the aviation industry, will be key for “de-carbonizing” transportation in coming years, a goal for energy transition. Brazil, a major corn and sugarcane producer and a country with a more diversified energy matrix than its neighbors, … Read more Petrobras CEO calls bio jet fuel key for de-carbonizing

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Hydrogen Is ‘Jump Ball’ in Global Clean-Energy Race, Kerry Says

Mar 2, 2021 (Bloomberg) The U.S. oil and gas industry should embrace “huge opportunities” in producing and transporting hydrogen, with the potential for that cutting-edge energy source to fuel long-haul trucks and supply power globally, presidential climate envoy John Kerry said Tuesday. “That’s jump ball right now,” Kerry said during the second day of the CERAWeek … Read more Hydrogen Is ‘Jump Ball’ in Global Clean-Energy Race, Kerry Says

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Profire Energy Sets Fourth Quarter and Full Year 2020 Conference Call for Thursday, March 11, 2021 at 1:00 p.m. ET

March 02, 2021  | Source: Profire Energy, Inc. LINDON, Utah, March 02, 2021 (GLOBE NEWSWIRE) — Profire Energy, Inc. (Nasdaq: PFIE), a technology company which creates, installs and services burner and chemical management solutions in the oil and gas industry, will hold a conference call on Thursday, March 11, 2021 at 1:00 p.m. ET to discuss … Read more Profire Energy Sets Fourth Quarter and Full Year 2020 Conference Call for Thursday, March 11, 2021 at 1:00 p.m. ET

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Natural gas can help solve climate change, industry reminds policymakers

Natural Gas

The energy industry wants policy makers to remember that natural gas can and should be part of the solution in solving climate change, executives said at a conference on Tuesday.“The most important thing to continue to impress upon the policymakers is natural gas can and should be a big part of the climate change solutions,” … Read more Natural gas can help solve climate change, industry reminds policymakers

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Pioneer CEO sees ‘very little growth’ in U.S. oil production

NEW YORK (Reuters) – U.S. oil production will likely see “very little growth” in the future after remaining largely flat in 2021 at around 11 million barrels a day, Scott Sheffield, Pioneer Natural Resources Co chief executive officer, said at a conference on Tuesday. The coronavirus health crisis slashed global fuel demand and sent oil … Read more Pioneer CEO sees ‘very little growth’ in U.S. oil production

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Top U.S. utilities collaborate to build electric vehicle charging stations

By Reuters Staff (Reuters) – Six major utilities unveiled a plan on Tuesday to add electric vehicle fast chargers to connect major highway systems across United States, as they look to cater to the burgeoning electric vehicle market. The Electric Highway Coalition – made up of American Electric Power, Dominion Energy D.N>, Duke Energy, Entergy … Read more Top U.S. utilities collaborate to build electric vehicle charging stations

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U.S. oil industry lobby weighs support of carbon pricing: source

Natural Gas

WASHINGTON (Reuters) – The main U.S. oil industry lobby group, the American Petroleum Institute, is weighing endorsing a price on carbon emissions, a major shift after long resisting mandatory government climate policies, a source familiar with the decision-making said. The American Petroleum Institute, which includes most of the world’s biggest oil companies, is considering endorsing … Read more U.S. oil industry lobby weighs support of carbon pricing: source

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U.S. shale producers’ capital discipline likely to hold in 2021: IHS Markit

By Reuters Staff NEW YORK (Reuters) – Capital discipline from shale producers in the United States is likely to hold this year and through the next, but it could be difficult for companies to resist the temptation to grow production volumes beyond that, Raoul LeBlanc, vice president of North American unconventionals at HIS Markit, said … Read more U.S. shale producers’ capital discipline likely to hold in 2021: IHS Markit

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Energy industry starting to recover, balance likely by 2022 – Baker Hughes CEO

By Reuters Staff NEW YORK (Reuters) – The energy industry is already starting to recover from one the worst years in recent history after the coronavirus pandemic roiled global markets, Baker Hughes Chief Executive Lorenzo Simonelli said on Monday during CERAWeek by IHS Markit. “As you look at supply and demand equation, we’re seeing that … Read more Energy industry starting to recover, balance likely by 2022 – Baker Hughes CEO

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OPEC says general oil market outlook is positive

OPEC Secretary-General Mohammad Barkindo addresses a news conference in Vienna, Austria, November 7, 2017. REUTERS/Heinz-Peter Bader

By Reuters Staff LONDON (Reuters) – OPEC sees the oil market’s outlook as positive in general and the uncertainty that dominated last year is easing, the group’s secretary general said. “This is a major turnaround from a year ago,” Mohammad Barkindo was quoted as saying on Twitter on Tuesday. He added that positive global economic … Read more OPEC says general oil market outlook is positive

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Oil Sinks Toward $60 Before OPEC+ Meets to Decide on Supplies

By Saket Sundria and Alex Longley Mar 2, 2021 (Bloomberg) Oil held steady just days before many of the world’s largest producer nations meet to discuss how much crude they should supply in the coming months.Crude futures in New York were trading near $61 a barrel. OPEC and its allies will meet on Thursday to decide … Read more Oil Sinks Toward $60 Before OPEC+ Meets to Decide on Supplies

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OPEC Production Plunges as Saudis Deliver Extra Oil Cutbacks

Mar 2, 2021 (Bloomberg) OPEC’s crude production plunged last month as Saudi Arabia delivered extra cutbacks intended to clear the remnants of a global supply glut. Output from the group fell by 920,000 barrels a day — the biggest drop in eight months — to 24.87 million a day, according to a Bloomberg survey. As promised, … Read more OPEC Production Plunges as Saudis Deliver Extra Oil Cutbacks

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Kerry leads second-day slate at global energy conference

NEW YORK (Reuters) – U.S. climate envoy John Kerry will headline the second day of the world’s largest oil and gas conference, along with Big Oil executives trying to make the case for their importance even as panelists at CERAWeek focus on how the industry will aim to reduce carbon emissions. The coronavirus pandemic has … Read more Kerry leads second-day slate at global energy conference

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Oil optimism unwinding market’s mad dash for storage

LONDON/NEW YORK/SINGAPORE (Reuters) – When the world economy slammed on the brakes last year, there was a rush to store a wave of unwanted crude and products, but rising prices and optimism about demand is spurring a swift unwinding of storage contracts. At the end of February, the volume of refined products held on stationary … Read more Oil optimism unwinding market’s mad dash for storage

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House Democrats seek reform of federal lands drilling program

WASHINGTON (Reuters) – U.S. Democratic lawmakers in Congress on Tuesday introduced a set of bills to reform federal oil and gas leasing regulations, including by raising royalty rates and toughening cleanup requirements. The bills would update decades-old laws governing oil and gas drilling to boost the program’s value for taxpayers. While the proposals would not … Read more House Democrats seek reform of federal lands drilling program

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NCS Multistage Holdings, Inc. Announces Fourth Quarter and Full Year 2020 Results

March 01, 2021 | Source: NCS Multistage Holdings, Inc. Fourth Quarter Results Total revenues of $27.4 million, a 47% year-over-year decrease and a 68% increase from the third quarter of 2020 Net income of $8.6 million and earnings per diluted share of $3.59; adjusted net loss of $(6.4) million and adjusted loss per diluted share of … Read more NCS Multistage Holdings, Inc. Announces Fourth Quarter and Full Year 2020 Results

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Exterran Corporation Announces Fourth Quarter and Full Year 2020 Results

March 02, 2021  | Source: Exterran Corporation Operating Results In-Line with Expectations Booked $200 million Contract Operations Exterran Water Solutions Deal to Start the Year HOUSTON, March 02, 2021 (GLOBE NEWSWIRE) — Exterran Corporation (NYSE: EXTN) (“Exterran” or the “Company”) today reported fourth quarter financial results. Andrew Way, Exterran’s President and Chief Executive Officer commented, “Despite the … Read more Exterran Corporation Announces Fourth Quarter and Full Year 2020 Results

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Apache Corporation and APA Corporation Announce Completion of New Holding Company Structure

  March 01, 2021 | Source: Apache Corporation HOUSTON, March 01, 2021 (GLOBE NEWSWIRE) — Apache Corporation (Apache) and APA Corporation (Nasdaq: APA) (APA or the Company) today announced completion of the previously announced holding company structure, making APA the parent holding company of Apache. APA replaces Apache as the public company trading on the Nasdaq stock … Read more Apache Corporation and APA Corporation Announce Completion of New Holding Company Structure

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THE REALITY: To Go Electric, America Needs More Mines. Can it Guild Them?

(Reuters) – Last September, in the arid hills of northern Nevada, a cluster of flowers found nowhere else on earth died mysteriously overnight. Conservationists were quick to suspect ioneer Ltd, an Australian firm that wants to mine the lithium that lies beneath the flowers for use in electric vehicle (EV) batteries. One conservation group alleged … Read more THE REALITY: To Go Electric, America Needs More Mines. Can it Guild Them?

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Return of business travel, sustainable fuels expected in aviation’s future

(Reuters) – International business travel is not expected to remain permanently depressed, though it will likely recover from the coronavirus pandemic at a slower rate than leisure travel, United Airlines Chief Executive Scott Kirby said on Monday during CERAWeek by IHS Markit. Business travel was a key area of growth for the airline industry prior … Read more Return of business travel, sustainable fuels expected in aviation’s future

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Energy leaders grapple with climate targets at virtual CERAWeek

NEW YORK (Reuters) – Global energy leaders and other luminaries like Microsoft co-founder Bill Gates bored in on the tough road to transforming world economies to a lower-carbon future at the kickoff of the all-virtual CERAWeek conference on Monday. Within that, there was a notable bit of tension as some oil and gas executives asserted … Read more Energy leaders grapple with climate targets at virtual CERAWeek

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This Company Helps Roughnecks Find Renewable Energy Jobs

By Josh Saul Mar 1, 2021 (Bloomberg) Alfred Burt grew up following his father across the oil patches of Texas. He carried on the family tradition, working on rigs for 26 years until the pandemic crashed oil prices in April and he lost a drilling job with Apache Corp. that paid $1,600 a day. He wasn’t sure … Read more This Company Helps Roughnecks Find Renewable Energy Jobs

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TC Energy, ex-Columbia Pipeline execs must face lawsuit over $10 billion deal

WILMINGTON, Del. (Reuters) – TC Energy Corp and two former Columbia Pipeline Group Inc executives must defend against a lawsuit claiming the companies’ $10 billion merger in 2016 shortchanged Columbia investors, a Delaware judge ruled on Monday. Vice Chancellor Travis Laster of the Delaware Chancery Court refused to dismiss the lawsuit by former Columbia shareholders, … Read more TC Energy, ex-Columbia Pipeline execs must face lawsuit over $10 billion deal

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Energy industry starting to recover, balance likely by 2022 – Baker Hughes CEO

By Reuters Staff NEW YORK (Reuters) – The energy industry is already starting to recover from one the worst years in recent history after the coronavirus pandemic roiled global markets, Baker Hughes Chief Executive Lorenzo Simonelli said on Monday during CERAWeek by IHS Markit. “As you look at supply and demand equation, we’re seeing that … Read more Energy industry starting to recover, balance likely by 2022 – Baker Hughes CEO

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CERAWeek Update: Oil executives say demand will rise, despite emphasis on renewables

NEW YORK (Reuters) – Oil demand is expected to rise over the next decade and the fossil fuel will remain to be a crucial part of the energy mix, even as renewables draw increasing attention, Hess Corp Chief Executive John Hess said at CERAWeek on Monday. At the biggest gathering of top energy leaders, investors … Read more CERAWeek Update: Oil executives say demand will rise, despite emphasis on renewables

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Ethically Driven Digital in Oil and Gas – Geoffrey Cann

By Geoffrey Cann For those interested in pursuing digital innovations in oil and gas, beware the ethical questions that lie just beneath the surface. Ethically driven digital is real. Ethics and Oil and Gas The study of ethics in oil and gas dates back at least 50 years. It has long been recognized that there … Read more Ethically Driven Digital in Oil and Gas – Geoffrey Cann

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Shale’s Private Army Ramping Up Means Supply Wild Card for OPEC

By David Wethe, Kevin Crowley and Sheela Tobben Mar 1, 2021 (Bloomberg) The battered and bruised U.S. shale industry is finding a resurgence in one of the most unlikely places: private operators most investors have never heard of. Take the case of little known, closely held DoublePoint Energy. It’s now running more rigs in the Permian … Read more Shale’s Private Army Ramping Up Means Supply Wild Card for OPEC

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Oil Powers Ahead as Critical OPEC+ Meeting Looms, Markets Rally

Mar 1, 2021 (Bloomberg) Oil rebounded from its biggest slump since November ahead of a key OPEC+ meeting that may see some supply returned to a fast-tightening market. Futures in New York rose above $62 a barrel. The alliance gathers on Thursday and is expected to loosen the taps after prices got off to their … Read more Oil Powers Ahead as Critical OPEC+ Meeting Looms, Markets Rally

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Biden’s Hopes for Rare Earth Independence at Least a Decade Away

By Joe Deaux and Stephen Lee Feb 27, 2021 (Bloomberg) Joe Biden’s ambition to make the U.S. less dependent on other nations for rare earths and minerals critical to the clean energy transition will take years to accomplish. A review of the U.S. critical minerals and rare earths supply chain that the president ordered this week is likely … Read more Biden’s Hopes for Rare Earth Independence at Least a Decade Away

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OPEC oil output falls in February on Saudi additional cut – survey

LONDON (Reuters) – OPEC oil output fell in February as a voluntary cut by Saudi Arabia added to agreed reductions under a pact with allies, a Reuters survey found, ending a run of seven consecutive monthly increases. The 13-member Organization of the Petroleum Exporting Countries pumped 24.89 million barrels per day (bpd) in February, the … Read more OPEC oil output falls in February on Saudi additional cut – survey

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Texas electricity firm files for bankruptcy citing $1.8 billion in claims from grid operator

HOUSTON (Reuters) – Texas’s largest and oldest electric power cooperative on Monday filed for bankruptcy protection in federal court in Houston, citing a disputed $1.8 billion bill from the state’s grid operator. Brazos Electric Power Cooperative Inc is one of dozens of electricity providers facing enormous charges stemming from a severe cold snap last month. … Read more Texas electricity firm files for bankruptcy citing $1.8 billion in claims from grid operator

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From U.S. domination to energy transition, two years that changed oil

NEW YORK (Reuters) – Former U.S. Secretary of State Mike Pompeo took the stage at the world’s largest energy conference in 2019 to declare an age of U.S. dominance after a decade of rapid shale development made the United States the world’s top oil and gas producer. Two years later, the oil industry is recovering … Read more From U.S. domination to energy transition, two years that changed oil

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Diamondback Energy, Inc. Announces Closing of Acquisition from Guidon Operating LLC

MIDLAND, Tx., Feb. 26, 2021 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that it has completed its previously announced acquisition of leasehold interests and related oil and gas assets from Guidon Operating LLC, a portfolio company of Blackstone Energy Partners. Aggregate consideration consisted of $375 million in cash and … Read more Diamondback Energy, Inc. Announces Closing of Acquisition from Guidon Operating LLC

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CW Petroleum Corp (CWPE): Shareholder Update Announcing 2021 Business Plan

March 01, 2021 07:00 ET | Source: CW Petroleum Corp Katy, Texas, March 01, 2021 (GLOBE NEWSWIRE) — CW Petroleum Corp (OTCQB: CWPE), in a Shareholder Update, announce today an outline of the company’s 2021 busines plan for growth. The company’s growth plans include 4 strategic paths: First, the introduction of its Proprietary EPA approved Reformulated “No Ethanol” Gasoline into … Read more CW Petroleum Corp (CWPE): Shareholder Update Announcing 2021 Business Plan

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Ranger Drone is taking our customers to new heights; check out the newest addition to our #UAV inspection toolbox.

The Matrice 300 RTK, paired with the top-of-the-line H20T thermal camera allows simultaneous recording of both regular and thermal video with its 4K / 30fps 200x max zoom sensor. This powerful combination allows Ranger Drone to complete industry-leading flight times with unprecedented quality, so we don’t miss a thing! The Matrice boasts a suite of … Read more Ranger Drone is taking our customers to new heights; check out the newest addition to our #UAV inspection toolbox.

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Effectively Prevent Ground and Surface Water Contamination

Enviro-pads Feature Logo 400x270

With environmental standards consistently increasing and the spotlight brighter than ever on the impact industry creates on the environment, Enviro-Pads designed a proactive solution to eliminate the destructive footprint left by cleaning and decontaminating equipment on matting, tarps, and dug out pits (see below photo).  Enviro-Pads can be unloaded and set up in under 45 … Read more Effectively Prevent Ground and Surface Water Contamination

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SIMPLIFY JOINT INTEREST BILLING APPROVALS AND PAYMENTS WITH JIBFLOW

With JIB integration from EnergyLink, OpenInvoice can now be a single source for invoice approvals. When a JIB invoice is ready to be approved, an accountant can send it from EnergyLink to OpenInvoice via a seamless connection. Clients can now benefit from the automation capabilities in OpenInvoice including automatic routing, automated code verification, and even … Read more SIMPLIFY JOINT INTEREST BILLING APPROVALS AND PAYMENTS WITH JIBFLOW

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Risk Alive: Learn From Others – Make Your Data Stronger With Lessons Learned From Others

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

Every day, you’re asking yourself the hard safety questions: “What is really critical?” “Am I safe enough? Is my team as safe we can be?” “How do I prioritize recommendations from the last risk assessment and keep costs under control?” “Should our safety strategy include something we’ve missed?”  “How is everyone else keeping track of … Read more Risk Alive: Learn From Others – Make Your Data Stronger With Lessons Learned From Others

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Access to Objective Data is the Key to ESG Reporting Success

GDM-logo-400x270

GDM Pipelines delivers new data and analytics for insight into ESG performance The past five years have brought unparalleled changes to the Canadian oil and gas industry. A global pandemic, downward pressure on oil prices, emission reductions in response to new climate change initiatives, and increasing scrutiny from investors are just a few of the … Read more Access to Objective Data is the Key to ESG Reporting Success

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Westech Industrial is very excited to share Total Combustion Inc’s (TCI) NEW product the TCI Enclosed Combuster.

Westech-Feature-Logo-400x270-1

This innovative product is the result of TCI’s 22 Years of Clean Combustion experience, combined with an AER-compliant design.  All of TCI’s waste gas incineration products are highly reliable, simple to set up, operate and maintain. Capable of efficiently combusting high and low pressure flows in one stack on a reduced ground footprint for a … Read more Westech Industrial is very excited to share Total Combustion Inc’s (TCI) NEW product the TCI Enclosed Combuster.

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Collisions YYC by Current & Critical Interview with Tundra CEO, Iggy Domagalski – M&A In the Energy Sector

In this jam-packed episode, Iggy talks about Tundra’s recent acquisition by Wajax, tips for business owners who are pursuing an acquisition of their own, and why he is so optimistic about Alberta’s future. Click here to listen to the full episode: https://bit.ly/3bzIxJC

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Evolution of the Project Execution Plan (PEP) in Industry 4.0

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By Vista Projects The project execution plan (PEP) is a critical part of any industrial project. The PEP describes the methods, processes, and procedures that will be used on the project. It provides the road map for the design development and strategies that the team will implement to achieve the project objectives. And not unlike … Read more Evolution of the Project Execution Plan (PEP) in Industry 4.0

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The Winners and Losers in Energy Sector from Texas Cold Snap

By Reuters Staff (Reuters) – A winter storm that hit parts of the southern United States over the past week led several energy companies to report stronger-than-expected results after they were called on to provide more power at higher prices, while others faced millions of dollars in losses. Here is a look at the winners … Read more The Winners and Losers in Energy Sector from Texas Cold Snap

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Airline CEOs urge White House support for greener aviation fuel

WASHINGTON (Reuters) – The CEOs of American Airlines, United Airlines and Delta Air Lines and other airline officials met virtually with White House officials Friday to discuss tackling aviation pollution and urge U.S. support for greener aviation fuel. United Chief Executive Scott Kirby made clear the carrier was fully committed to confronting the climate crisis … Read more Airline CEOs urge White House support for greener aviation fuel

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U.S. drillers add rigs for seventh month in a row, pace slows – Baker Hughes

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a seventh month in a row, but the rate of growth slowed in February even as oil prices rose to their highest since 2019. The oil and gas rig count, an early indicator of future output, rose five to 402 in … Read more U.S. drillers add rigs for seventh month in a row, pace slows – Baker Hughes

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Texas’s Power Market Is $1.3 Billion Short After Energy Crisis

Feb 27, 2021 (Bloomberg) Texas’s grid operator needs to come up with $1.3 billion to pay power plants for energy they supplied during last week’s historic blackouts, raising the prospect it may require a state bailout.The Electric Reliability Council of Texas, which manages most of the state’s grid, said it’s still waiting on more than $2 … Read more Texas’s Power Market Is $1.3 Billion Short After Energy Crisis

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OPEC+ Faces Calls to Cool Oil Market Frenzy With Extra Barrels

Feb 27, 2021 (Bloomberg) From trading houses in Geneva to Wall Street banks, much of the oil world agrees that global markets could use some more barrels. The big question is whether OPEC+ will provide enough of them.A crude glut that piled up during the pandemic is vanishing fast. Global inventories are plunging at the steepest rate in … Read more OPEC+ Faces Calls to Cool Oil Market Frenzy With Extra Barrels

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Barclays lifts 2021 oil price outlook on tighter U.S. supply view

(Reuters) – Barclays raised its 2021 oil price forecast on Thursday, citing weaker than expected supply response from U.S. producers to higher prices and normalizing inventories after last week’s cold storm in Texas. The bank increased its 2021 Brent crude oil price outlook by $7 to $62 per barrel and West Texas Intermediate (WTI) crude … Read more Barclays lifts 2021 oil price outlook on tighter U.S. supply view

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Global LNG demand expected to almost double by 2040

LNG Tanker

LONDON (Reuters) – Global liquefied natural gas (LNG) demand is expected to almost double to 700 million tonnes by 2040, Royal Dutch Shell said in its annual LNG market outlook. Demand was 360 million tonnes last year, up slightly from 2019’s 358 million tonnes, despite volatility caused by lockdowns during the coronavirus pandemic. Global LNG … Read more Global LNG demand expected to almost double by 2040

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Hyundai’s $900 Million Recall Shows How Costly EVs Can Be

By Kyunghee Park Feb 25, 2021 (Bloomberg) Hyundai Motor Co.’s recall of nearly 82,000 electric vehicles highlights how costly the shift to the industry’s new frontier can be for automakers, both to their balance sheets and their brands.The recall mostly affects Hyundai’s best-selling electric Kona crossover and stems from fire risks in battery cells produced in … Read more Hyundai’s $900 Million Recall Shows How Costly EVs Can Be

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Texas power crisis could cripple small marketers, unravel market deregulation

HOUSTON (Reuters) – Retail power marketers in Texas are appealing multi-million dollar bills from last week’s blackout that they say could cripple them and unravel Texas’ nearly two-decade-old experiment as the most deregulated U.S. electricity market. Wholesale prices, which last year averaged $26 a megawatt hour, soared to $9,000 per MWh for days as grid … Read more Texas power crisis could cripple small marketers, unravel market deregulation

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Senate approves Biden’s pick Granholm to head Energy Department

WASHINGTON (Reuters) – The U.S. Senate approved President Joe Biden’s nominee, former Michigan governor Jennifer Granholm, on Thursday to serve as secretary of the Department of Energy. The 100-member Senate backed Granholm by 64 to 35, more than the simple majority needed. Several Republicans from states that produce fossil fuels, including Kevin Cramer and John … Read more Senate approves Biden’s pick Granholm to head Energy Department

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U.S. crude output drops to 11.06 million bpd in December – EIA

Oil Storage

NEW YORK (Reuters) – U.S. crude oil output dropped 58,000 barrels per day to 11.063 million bpd in December, the U.S. Energy Information Administration said in a monthly report on Friday. The move came as onshore oil production fell in Texas and North Dakota, the top oil-producing states, outpacing a slight rise in offshore output … Read more U.S. crude output drops to 11.06 million bpd in December – EIA

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Biden Tours Houston After Deadly Cold Snap Hit Energy Capital

By Mario Parker Feb 26, 2021 (Bloomberg) President Joe Biden toured an emergency operations center in Houston as he visited the city in the aftermath of a deadly cold snap that paralyzed America’s energy capital. “It’s a hell of an operation you have here, probably the best one in the country,” Biden said at the Harris … Read more Biden Tours Houston After Deadly Cold Snap Hit Energy Capital

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Oil Slumps With Wider Markets, Denting Record Start to 2021

Feb 26, 2021 (Bloomberg) –Oil’s record start to 2021 was under pressure from a firming dollar and a selloff in bond markets that spooked investors in risky assets. Brent in London fell at the end of a week that saw the steepest decline in the Nasdaq 100 since the pandemic meltdown. Yet the global benchmark … Read more Oil Slumps With Wider Markets, Denting Record Start to 2021

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Power Outages Main Cause of Oil, Gas Shut-Ins

Feb 26, 2021 (Bloomberg) Texas lawmakers’ attempt to understand why the state’s power system failed last week yielded plenty of blame but few clear answers on how to prevent a similar crisis in the future.In two marathon hearings, lawmakers grilled the state’s biggest power providers, its grid operator and regulators about the blackouts that left more … Read more Power Outages Main Cause of Oil, Gas Shut-Ins

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Mark Carney’s Net-Zero Claim Confounds Climate Experts

Feb 25, 2021 (Bloomberg) Mark Carney, a leading figure behind this year’s global climate talks, has sparked concern among green advocates with recent remarks claiming the half-trillion-dollar asset manager where he works zeroed out pollution across its portfolio. His comments call into question what it takes to attain net-zero status.Carney is a former Bank of England governor … Read more Mark Carney’s Net-Zero Claim Confounds Climate Experts

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Germany says there is exchange with U.S. on Nord Stream 2

By Reuters Staff BERLIN (Reuters) – There is an exchange between the U.S. government and Germany regarding the Nord Stream 2 pipeline to take Russian gas to Europe, a German government spokeswoman said on Friday without giving details. Germany and Russia say Nord Stream 2 is just a commercial project. Washington has long argued the … Read more Germany says there is exchange with U.S. on Nord Stream 2

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Dril-Quip, Inc. Announces Fourth Quarter and Full Year 2020 Results

February 25, 2021 | Source: Dril-Quip, Inc. HOUSTON, Feb. 25, 2021 (GLOBE NEWSWIRE) — Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) today reported operational and financial results for the fourth quarter and full year 2020. Key highlights for the fourth quarter of 2020 included: Delivered fourth quarter revenue of $87.2 million and full year 2020 revenue … Read more Dril-Quip, Inc. Announces Fourth Quarter and Full Year 2020 Results

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Mammoth Energy Services, Inc. Announces Fourth Quarter and Full Year 2020 Operational and Financial Results

February 25, 2021 | Source: Mammoth Energy Services, Inc. OKLAHOMA CITY, Feb. 25, 2021 (GLOBE NEWSWIRE) — Mammoth Energy Services, Inc. (“Mammoth” or the “Company”) (NASDAQ: TUSK) today reported financial and operational results for the fourth quarter and full year ended December 31, 2020. Financial Highlights for the Fourth Quarter and Full Year 2020: Total revenue was $85.1 … Read more Mammoth Energy Services, Inc. Announces Fourth Quarter and Full Year 2020 Operational and Financial Results

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Gemini to sponsor International Woman’s Day Forum 2021

Gemini-Feature-Logo-400x270

Gemini Fabrication is excited to have the opportunity to participate as a Sponsor for International Women’s Day and the International Women’s Day Forum 2021 virtual event. We recognize the importance of a diverse and inclusive workplace and as a company we are committed to playing an active role in celebrating women’s achievements and increasing visibility. International … Read more Gemini to sponsor International Woman’s Day Forum 2021

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Interview with David Lod, CEO VEERUM – Geoffrey Cann

“Imagine being able to fly to site and see all the real-time data from your computer.” David Lod and Geoffrey Cann explored the future of the oil and gas industry in this morning’s livestream, sharing insights into the significant productivity and cost gains made possible by digital transformation. Didn’t have a chance to check out the Digital Oil … Read more Interview with David Lod, CEO VEERUM – Geoffrey Cann

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U.S. trade groups urge Biden to cap natural gas prices after Texas freeze last week

Natural Gas

By Reuters Staff (Reuters) – Trade groups representing U.S. public power and natural gas companies urged President Joe Biden to declare a gas emergency for last week’s extreme weather and authorize the secretary of energy to cap the price of gas. In a Feb. 19 letter to Biden, the American Public Power Association (APPA) and the … Read more U.S. trade groups urge Biden to cap natural gas prices after Texas freeze last week

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Shell Buys Virtual Power Plant Operator Next Kraftwerke

Shell Solar Panel

By Laura Hurst Feb 25, 2021 (Bloomberg) Royal Dutch Shell Plc agreed to buy Next Kraftwerke, the operator of a virtual power plant that brings together clean-energy capacity across Europe to sell the electricity into the market. Next Kraftwerke remotely connects and manages more than 10,000 off-grid units — including solar, hydropower and bioenergy facilities — across … Read more Shell Buys Virtual Power Plant Operator Next Kraftwerke

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Norway’s $1.3 Trillion Fund Blacklists 15 Companies on Ethical Grounds

Feb 25, 2021 (Bloomberg) Norway’s $1.3 trillion wealth fund expects to keep its existing fossil-fuel holdings as the world’s biggest sovereign investor bets it can bring about change from within the industry to fight carbon emissions.“We have no further plans to exit fossil fuels,” Chief Governance and Compliance Officer Carine Smith Ihenacho said on Thursday, after … Read more Norway’s $1.3 Trillion Fund Blacklists 15 Companies on Ethical Grounds

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EVs Are More Expensive Than Traditional Cars – But Not by Much

By Nathaniel Bullard Feb 25, 2021 (Bloomberg)Last week, I engaged in a thought experiment about the future of the American gas station once electric vehicles take over the road. My conclusion: the big highway rest stop is probably OK, as is the urban fuel oasis; it’s the suburban gas station that may be turning into something … Read more EVs Are More Expensive Than Traditional Cars – But Not by Much

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Exxon Casts Out Canadian Oil Sands in Massive Reserves Slump

By Kevin Crowley Feb 25, 2021 (Bloomberg) Exxon Mobil Corp. erased almost every drop of oil-sands crude from its books in a sweeping revision of worldwide reserves to depths never before seen in the company’s modern history. Exxon counted the equivalent of 15.2 billion barrels of reserves as of Dec. 31, down from 22.44 billion a … Read more Exxon Casts Out Canadian Oil Sands in Massive Reserves Slump

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Oil Fluctuates Near One-Year High With Global Supply Tightening

Oil Prices Up

By Alex Longley and Andres Guerra Luz Feb 25, 2021 (Bloomberg) Oil extended its rally to a new one-year high as the market weighed a tightening global supply outlook against indications prices may be overextended.Futures in New York rose almost 1% to the highest intraday since January 2020 after falling earlier on Thursday. The oil futures … Read more Oil Fluctuates Near One-Year High With Global Supply Tightening

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Denbury Reports 2020 Fourth Quarter and Full-Year Results, Announces 2021 Capital Budget and Production Guidance

PLANO, Texas, Feb. 25, 2021 (GLOBE NEWSWIRE) — Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced its fourth quarter and full-year 2020 financial and operating results, along with its 2021 capital budget and projected 2021 production. 2020 FOURTH QUARTER AND FULL-YEAR HIGHLIGHTS Adjusted EBITDAX(1) (a non-GAAP measure) of $77 million for 4Q 2020 and … Read more Denbury Reports 2020 Fourth Quarter and Full-Year Results, Announces 2021 Capital Budget and Production Guidance

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Hydrogen Insights: A Perspective on Hydrogen Investment, Market Development and Cost Competitiveness

New report shows significant volume of investment in hydrogen projects as well as policy and funding support as industry enters 2021 200+ large-scale projects have been announced across the value chain, with a total value exceeding $300 billion 30+ countries have national hydrogen strategies in place, and public funding is growing A new report released … Read more Hydrogen Insights: A Perspective on Hydrogen Investment, Market Development and Cost Competitiveness

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New GEI Thought Leadership | The green, electric future of oil and gas – KPMG

KPMG

The KPMG Global Energy Institute is pleased to announce the release of a new white paper, The green, electric future of oil and gas. Five avenues to allow the traditional oil and gas industry to play a more pivotal role in a net-zero world As oil and gas companies consider how best to weather the … Read more New GEI Thought Leadership | The green, electric future of oil and gas – KPMG

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Shale Driller Blames Biden for Its Move to Add a Permian Rig

Feb 24, 2021 (Bloomberg) Matador Resources Co. is doing what almost no other publicly traded oil producer has attempted to do this year: Boost spending and add another drilling rig.The Dallas-based shale explorer said it’s adding a fourth rig to the Permian Basin in response to the Biden administration’s decision to pause new oil and gas … Read more Shale Driller Blames Biden for Its Move to Add a Permian Rig

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Apache Corporation Announces Fourth-Quarter and Full-Year 2020 Financial and Operational Results

February 24, 2021| Source: Apache Corporation HOUSTON, Feb. 24, 2021 (GLOBE NEWSWIRE) — Apache Corporation (Nasdaq: APA) today announced fourth-quarter and full-year 2020 results on its website at www.apachecorp.com or investor.apachecorp.com as well as on Twitter (@ApacheCorp). There will be a conference call Feb. 25 at 10 a.m. Central time to discuss the results. It will be webcast and archived on … Read more Apache Corporation Announces Fourth-Quarter and Full-Year 2020 Financial and Operational Results

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Oil States Announces Executive Officer Departure

February 23, 2021 | Source: Oil States International, Inc. HOUSTON, Feb. 23, 2021 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE: OIS) announced today that Chris Cragg, Executive Vice President, Operations will depart the Company effective March 1, 2021 to pursue other opportunities. The Company has no plans to replace Mr. Cragg. Rather, Cindy Taylor, President … Read more Oil States Announces Executive Officer Departure

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PDC Energy Announces 2020 Results, 2021 Guidance and Multi-Year Outlook Focused on Return of Capital Initiatives Including Board-Approved Dividend Program Expected to Commence Mid-2021

DENVER, Feb. 24, 2021 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced its 2020 fourth quarter and full-year operating and financial results. The Company also provided detailed 2021 guidance and a preliminary multi-year outlook. 2020 Fourth Quarter and Full-Year Highlights: Net cash from operating activities of approximately $220 million and … Read more PDC Energy Announces 2020 Results, 2021 Guidance and Multi-Year Outlook Focused on Return of Capital Initiatives Including Board-Approved Dividend Program Expected to Commence Mid-2021

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QEP Reports Fourth Quarter and Full Year 2020 Financial and Operating Results

February 24, 2021  Source: QEP Resources, Inc. DENVER, Feb. 24, 2021 (GLOBE NEWSWIRE) — QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today reported fourth quarter and full year 2020 financial and operating results. FULL YEAR 2020 HIGHLIGHTS Lowered 2020 average drilling and completion costs to $411 per lateral foot in the Permian Basin … Read more QEP Reports Fourth Quarter and Full Year 2020 Financial and Operating Results

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Canadian Pipeline Trans Mountain seeks to shield insurers from activist pressure

Reuters Feb 24, 2021 WINNIPEG — Trans Mountain Corp, a Canadian government corporation that operates an oil pipeline, has asked a regulator to keep the identities of its insurers private as environmental activists push them to drop coverage.Activists have stepped up pressure on banks and insurers to drop financing and insurance for fossil fuel companies, … Read more Canadian Pipeline Trans Mountain seeks to shield insurers from activist pressure

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Exxon to Sell Some North Sea Assets for More Than $1 Billion

Exxon Mobil

By Doug Alexander and Simon Casey Feb 24, 2021 (Bloomberg) Exxon Mobil Corp. agreed to sell some assets in the North Sea for more than $1 billion as the company focuses on newer and larger sources of oil and gas such as Guyana, Brazil and the U.S. Permian Basin. The company will sell most of its … Read more Exxon to Sell Some North Sea Assets for More Than $1 Billion

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RAM Industries Inc.
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Centennial Resource Development Announces Full Year 2020 Results and 2021 Guidance

February 23, 2021  | Source: Centennial Resource Development DENVER, Feb. 23, 2021 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced 2020 financial and operational results and 2021 operational plans and targets. Financial and Operational Highlights Generated free cash flow and reduced total debt for the second consecutive quarter Reported … Read more Centennial Resource Development Announces Full Year 2020 Results and 2021 Guidance

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RAM Industries Inc.
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Laredo Petroleum Announces “At-the-Market” Equity Program

February 23, 2021 | Source: Laredo Petroleum, Inc. TULSA, OK, Feb. 23, 2021 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) announced today that it has filed a prospectus supplement with the Securities and Exchange Commission (the “SEC”) under which it may offer and sell from time to time and at its … Read more Laredo Petroleum Announces “At-the-Market” Equity Program

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RAM Industries Inc.
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Range Announces Fourth Quarter 2020 Results

February 23, 2021 | Source: Range Resources Corporation FORT WORTH, Texas, Feb. 23, 2021 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its fourth quarter 2020 financial results, proved reserves and plans for 2021. Highlights – All-in 2020 capital spending was $411 million, approximately $109 million less than original budget Fourth quarter cash unit costs improved by … Read more Range Announces Fourth Quarter 2020 Results

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ChampionX Reports Fourth Quarter and Full Year 2020 Results

February 23, 2021 | Source: ChampionX Corporation Revenue of $706.1 million in Q4’20 Net income attributable to ChampionX of $7.4 million in Q4’20; adjusted net income of $14.3 million Adjusted EBITDA of $108.6 million in Q4’20 Cash from operating activities of $120.6 million and free cash flow of $107.6 million (15% of revenue) in Q4’20; free cash flow … Read more ChampionX Reports Fourth Quarter and Full Year 2020 Results

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RAM Industries Inc.
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Sunrun Expands Home Solar and Battery Offering in Texas

As Texas faces unprecedented, extreme weather events, Sunrun’s expansion will help more Texans harness solar energy and power critical needs during outages February 24, 2021 08:00 ET | Source: Sunrun Inc. Sunrun solar+battery customer keeps the lights on amid the unprecedented winter storm in Texas, February 15, 2021. SAN FRANCISCO and SAN ANTONIO, Feb. 24, 2021 (GLOBE … Read more Sunrun Expands Home Solar and Battery Offering in Texas

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RAM Industries Inc.
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Big Oil’s Biggest Banker Is Pledging to Change Its Ways

By Tim Quinson Feb 24, 2021 (Bloomberg) More than any other bank, JPMorgan Chase & Co. finds itself stuck at the center of a fossil-fuel quagmire. On one hand, the Wall Street giant is the leading financier to corporate polluters. On the other, JPMorgan is the top arranger of green bond sales, the proceeds of which are supposed to go to clean-energy … Read more Big Oil’s Biggest Banker Is Pledging to Change Its Ways

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Giant Oil Projects Fall Out of Favor: International Petroleum Week Update

Feb 24, 2021 (Bloomberg) Three of Europe’s largest oil companies spoke about fundamental shifts to their strategy amid the energy transition on the second day of International Petroleum Week.Equinor ASA’s boss Anders Opedal detailed efforts to reduce the carbon intensity of its oil and gas output, while his counterpart at BP Plc acknowledged investors aren’t yet convinced … Read more Giant Oil Projects Fall Out of Favor: International Petroleum Week Update

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Biden, Trudeau pledge to counter China, climate change, in warm first ‘meeting’

WASHINGTON/OTTAWA (Reuters) – U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau sought on Tuesday to turn the page on the Trump era, stressing the countries’ deep ties and pledging to work together to counteract Chinese influence and address climate change. “The United States has no closer friend, no closer friend than Canada,” Biden … Read more Biden, Trudeau pledge to counter China, climate change, in warm first ‘meeting’

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Cheniere Energy posts smaller quarterly loss as LNG demand recovers

(Reuters) – Cheniere Energy Inc reported a smaller fourth-quarter loss on Wednesday compared with the third, as an uptick in economic activity fueled by COVID-19 vaccines lifted demand and prices for liquefied natural gas. Net loss attributable to shareholders narrowed to $194 million, or 77 cents per share, in the quarter ended Dec. 31, from … Read more Cheniere Energy posts smaller quarterly loss as LNG demand recovers

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Oil edges higher as surprise U.S. stock build weighs

LONDON (Reuters) – Oil prices edged higher on Wednesday amid continued outages in the United States and a weaker dollar, but a surprise build in U.S. inventories last week capped gains. Brent crude futures gained 52 cents, or 0.8%, to $65.89 a barrel at 1109 GMT, after hitting a session low of $64.80. U.S. West … Read more Oil edges higher as surprise U.S. stock build weighs

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RAM Industries Inc.
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Optimizing Information from Thickness Data – Becht

By Clay White and Frank Sapienza Thickness measurement data generated through the routine inspection program represents the largest source of data generated in the mechanical integrity department of a refinery. Gathering as much usable information from this data in a time efficient manner presents one of the greater challenges to plant inspectors and engineers.  Some … Read more Optimizing Information from Thickness Data – Becht

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RAM Industries Inc.
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Implementing modularization (offsite construction) methods on your heavy industrial projects will reduce capital costs of up to 25%.

DyCat Solutions Feature Logo 400x270

DyCat Solutions offers a series of online training workshops to teach you how to implement modularization on your project! Online Training Courses: The future execution strategy for heavy industrial projects is moving towards maximizing the implementation of modularization (offsite construction) on all projects. However, there is limited knowledge in the industry on what needs to … Read more Implementing modularization (offsite construction) methods on your heavy industrial projects will reduce capital costs of up to 25%.

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Osperity Revolutionizes Industrial Asset Inspections

Osperity Feature Logo 400x270

Automated Visual Inspections for Industrial operations Is an environmentally, cost-effective, more efficient, and intelligent way to inspect sites and assets on any online device. With Osperity’s Automated Inspections for Industrial Operations, you gain instant access (either online or via a PDF document sent through email) to a single location that includes images taken from selected … Read more Osperity Revolutionizes Industrial Asset Inspections

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Chief Inspection Service – Here’s what sets Q Test Inspection Ltd. Apart

Q Test Feature Logo 400x270

One of the programs we are most proud of at Q test is our Chief Inspection Service.  Previously, clients had to call out separate entities for all of their different service needs, entailing multiple trips from multiple people to the same location. This resulted in extra cost and time at the expense of the client.  … Read more Chief Inspection Service – Here’s what sets Q Test Inspection Ltd. Apart

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Keystone XL’s Death Sparks Rush to Ship Oil-Sands Crude by Rail

By Robert Tuttle Feb 23, 2021 (Bloomberg) U.S. President Joe Biden’s decision to cancel the Keystone XL pipeline is sparking renewed interest in shipping Canadian oil-sands crude by rail, and that comes with its own environmental risks.Cenovus Energy Inc. and Imperial Oil Ltd. have increasingly turned to trains to move their crude, with oil exports by … Read more Keystone XL’s Death Sparks Rush to Ship Oil-Sands Crude by Rail

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Bank of America hikes 2021 Brent price view by $10/bbl on strong oil balances

Offshore Oil

By Reuters Staff (Reuters) – Bank of America (BofA) Global Research lifted its forecast for Brent crude oil prices for this year citing tighter supplies due to the Texas freeze and OPEC+ output curbs and unmatched global monetary stimulus, it said in a note dated Monday. The bank now expects Brent crude oil to average … Read more Bank of America hikes 2021 Brent price view by $10/bbl on strong oil balances

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Top executives of Texas electric grid resign after storm failure

By Reuters Staff The board’s chairman, vice chairman, two directors and a board nominee of the Electric Reliability Council of Texas (ERCOT), all of whom live outside of Texas, resigned effective Wednesday, according to a notice to the state Public Utility Commission. The resignations were disclosed the same day ERCOT was hit with a proposed … Read more Top executives of Texas electric grid resign after storm failure

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Texans Will Pay for Decades as Crisis Tacks Billions Onto Bills

Feb 22, 2021 (Bloomberg) Now that the lights are back on in Texas, the state has to figure out who’s going to pay for the energy crisis that plunged millions into darkness last week. It will likely be ordinary Texans. The price tag so far: $50.6 billion, the cost of electricity sold from early Monday, when … Read more Texans Will Pay for Decades as Crisis Tacks Billions Onto Bills

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U.S. Bankruptcy Tracker: Texas Energy Crisis; Subchapter V Surge

Oil Refinery

By Jeremy Hill and Katherine Doherty Feb 23, 2021 (Bloomberg) The Texas power crisis is threatening to spark a new wave of distress in the Lone Star State, following a going concern warning from Just Energy Group Inc. “The Texas power loss will have a significant impact on businesses that haven’t been able to restore power and can … Read more U.S. Bankruptcy Tracker: Texas Energy Crisis; Subchapter V Surge

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RAM Industries Inc.
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Oil Dips in New York Though Banks Say Rally Can Extend in 2021

By Elizabeth Low and Alex Longley Feb 23, 2021 (Bloomberg) Oil retreated from an earlier rally with investment banks and traders predicting the market can go significantly higher in the months to come. Futures in New York pared much of an earlier increase to $63 a barrel as the dollar climbed and equities slipped. Bank of … Read more Oil Dips in New York Though Banks Say Rally Can Extend in 2021

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Senate weighs historic Interior nominee, Republicans to grill her on fossil fuels

WASHINGTON (Reuters) – Deb Haaland, U.S. President Joe Biden’s historic pick for interior secretary, will seek to reassure lawmakers that she will balance energy interests with climate change goals as the top administrator of America’s vast public lands on Tuesday. Haaland, a Democratic congresswoman from New Mexico, would be the first Native American to take … Read more Senate weighs historic Interior nominee, Republicans to grill her on fossil fuels

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Texas freeze raises concerns about ‘ridiculous’ variable rate bills

HOUSTON (Reuters) – In Spring, Texas, about 20 miles (32 km) north of Houston, Akilah Scott-Amos is staring down a more than $11,000 electric bill for this month, a far cry from her $34 bill at this time last year. “What am I going to do?” Scott-Amos, 43, said. She was among the millions of … Read more Texas freeze raises concerns about ‘ridiculous’ variable rate bills

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Biden, Trudeau aim to move past Keystone pipeline disagreement in first bilateral meeting

WASHINGTON/OTTAWA (Reuters) – U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau will try on Tuesday to move past an early disagreement after Biden blocked the Canadian-backed Keystone XL pipeline and look to reset relations after the rocky years of Donald Trump. In his first bilateral meeting with a foreign leader since taking office … Read more Biden, Trudeau aim to move past Keystone pipeline disagreement in first bilateral meeting

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EnergyNow Virtual Conference: Digital Marketing & Sales Summit – March 10 &11, 2021: Details Here:

EnergyNow Marketing Summit - 400 x 270 px Website Thumbnail image

About Digital Marketing That DRIVES Action LEARN HOW TO LEVERAGE DIGITAL MARKETING & SALES AUTOMATION TO GROW YOUR ENERGY SERVICE BUSINESS The energy industry is going digital…fast…not only with new technologies but also with the way customers source information about your company and buy your products and services. In today’s digital world, referrals & word … Read more EnergyNow Virtual Conference: Digital Marketing & Sales Summit – March 10 &11, 2021: Details Here:

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Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2020 Financial and Operating Results; Increases Dividend

MIDLAND, Texas, Feb. 22, 2021 (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, 2020. FOURTH QUARTER 2020 HIGHLIGHTS Q4 2020 average production of 175.8 MBO/d (299.0 MBOE/d), with average daily oil production up 3% over Q3 … Read more Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2020 Financial and Operating Results; Increases Dividend

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Viper Energy Partners LP, A Subsidiary of Diamondback Energy, Inc., Reports Fourth Quarter and Full Year 2020 Financial and Operating Results

MIDLAND, Texas, Feb. 22, 2021 (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 the full year ended December 31, 2020. FOURTH QUARTER HIGHLIGHTS Q4 2020 average production of 17,359 bo/d (27,699 boe/d), an … Read more Viper Energy Partners LP, A Subsidiary of Diamondback Energy, Inc., Reports Fourth Quarter and Full Year 2020 Financial and Operating Results

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RAM Industries Inc.
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Occidental Announces 4th Quarter and Full-Year 2020 Results

February 22, 2021  | Source: Occidental HOUSTON, Feb. 22, 2021 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) today announced its fourth quarter and full-year 2020 financial results. The announcement and financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov. The company … Read more Occidental Announces 4th Quarter and Full-Year 2020 Results

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Laredo Petroleum Announces Fourth-Quarter and Full-Year 2020 Financial and Operating Results

Provides 2021 Capital Budget and Production Expectations February 22, 2021 | Source: Laredo Petroleum, Inc. TULSA, OK, Feb. 22, 2021 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today announced its fourth-quarter and full-year 2020 financial and operating results. Full-Year 2020 Highlights Fully transitioned development operations to Howard County acreage and successfully completed … Read more Laredo Petroleum Announces Fourth-Quarter and Full-Year 2020 Financial and Operating Results

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RAM Industries Inc.
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CVR Energy Reports Fourth Quarter and Full-Year 2020 Results

February 22, 2021 | Source: CVR Energy, Inc. Reported fourth quarter and full-year 2020 net loss of $67 million and $256 million, respectively, negatively impacted by the COVID-19 pandemic and flawed Renewable Fuel Standard program. Reacted quickly to COVID-19 pandemic: Operated safely and reliably; Exceeded targeted $50 million annual reduction in operating and SG&A expenses; Safely … Read more CVR Energy Reports Fourth Quarter and Full-Year 2020 Results

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RAM Industries Inc.
Becht
RHK Hydraulic Cylinder Services Inc.
Osperity

Goldman Sees Brent Oil at $75 as Supply Response Trails Demand

Feb 21, 2021 (Bloomberg) Oil prices will rally sooner and higher than previously thought as the global energy demand recovery outpaces the supply response from the OPEC+ alliance, shale and Iran, according to Goldman Sachs Group Inc.Consumption will get back to pre-virus levels by late July, while output from major producers is likely to remain “highly … Read more Goldman Sees Brent Oil at $75 as Supply Response Trails Demand

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Becht
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Osperity

Creating the Digital Front Line Oil Worker – Geoffrey Cann

By Geoffrey Cann Digital innovations are slowly unleashing the digital front line oil worker, but are the workers ready to deal with the change? The Digital Front Line Oil Worker Two recent interactions with managers in front line work in oil and gas prompted this week’s article. In the first instance, a corporate group asked … Read more Creating the Digital Front Line Oil Worker – Geoffrey Cann

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RAM Industries Inc.
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Osperity
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Trafigura Sees ‘Strong’ Oil Market Heading Into Summer

Crude Oil Shipments In The Persian Gulf

Feb 22, 2021 (Bloomberg) Trafigura Group sees oil markets firming in the coming months as most of the world emerges from lockdowns and production losses from the recent U.S. deep freeze add to a tighter supply outlook.“We have a strong market going into summer,” Ben Luckock, co-head of oil trading at the commodities trading giant, said … Read more Trafigura Sees ‘Strong’ Oil Market Heading Into Summer

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Osperity
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U.S. energy regulator says will examine climate change’s threat to power reliability

WASHINGTON (Reuters) – U.S. federal energy regulators said on Monday they will examine threats that climate change and extreme weather events pose to the country’s electric reliability in the wake of last week’s deadly Texas freeze that left millions of people without power. “The effects of climate change are already apparent,” Federal Energy Regulatory Commission … Read more U.S. energy regulator says will examine climate change’s threat to power reliability

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Archrock Reports Fourth Quarter and Full Year 2020 Results and Provides 2021 Guidance

HOUSTON, Feb. 22, 2021 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock”) today reported results for the fourth quarter and full year 2020 and provided 2021 financial guidance. Fourth Quarter and Full Year 2020 Results Revenue for the fourth quarter of 2020 was $199.3 million compared to $246.0 million in the fourth quarter of 2019. … Read more Archrock Reports Fourth Quarter and Full Year 2020 Results and Provides 2021 Guidance

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RAM Industries Inc.
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Deep freeze, power crisis in Texas sparks fresh climate-change falsehoods

WASHINGTON — The catastrophic cold snap that paralyzed the electrical grid in Texas has opened up a new front in the age-old battle between green-energy champions and their fossil-fuel rivals. One side sees the chance to build a new, fortified and more sustainable power grid. The other calls it proof positive that it’s too soon … Read more Deep freeze, power crisis in Texas sparks fresh climate-change falsehoods

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RAM Industries Inc.
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Norway’s $1.3 Trillion Fund May Be Facing a Major ESG Handicap

By Lars Erik Taraldsen  Feb 22, 2021 (Bloomberg) Norway’s $1.3 trillion wealth fund, the world’s biggest, is handicapped in chasing its environmental, social and governance investment goals by the political process, according to Global SWF. The lengthy decision-making that determines which asset classes Norway’s investing behemoth can buy puts it at a disadvantage compared with smaller … Read more Norway’s $1.3 Trillion Fund May Be Facing a Major ESG Handicap

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RAM Industries Inc.
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After Texas Crisis, Biden’s Climate Plan Hangs on Fragile Power Grid

Feb 22, 2021 (Bloomberg)  The millions of people who struggled to keep warm in Texas, with blackouts crippling life inside a dominant energy hub, have laid bare the desperate state of U.S. electricity grids. To fix nationwide vulnerabilities, President Joe Biden will have to completely reimagine the American way of producing and transmitting electricity. Biden wants to overhaul the nation’s grids so they derive … Read more After Texas Crisis, Biden’s Climate Plan Hangs on Fragile Power Grid

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RAM Industries Inc.
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OPEC, U.S. oil firms expect subdued shale rebound even as crude prices rise

LONDON/HOUSTON (Reuters) – OPEC and U.S. oil companies see a limited rebound in shale oil supply this year as top U.S. producers freeze output despite rising prices, a decision that would help OPEC and its allies. OPEC this month cut its 2021 forecast for U.S. tight crude, another term for shale, and expects production to … Read more OPEC, U.S. oil firms expect subdued shale rebound even as crude prices rise

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Oil prices rise with storm-hit U.S. output set for slow return

LONDON (Reuters) – Oil prices rose on Monday as the slow return of U.S. crude output cut by frigid conditions served as a reminder of the tight supply situation, just as demand recovers from the depths of the COVID-19 pandemic. Brent crude was up 51 cents, or 0.8%, at $63.42 a barrel by 0945 GMT, … Read more Oil prices rise with storm-hit U.S. output set for slow return

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Flare Meter Retrofit Solution: Keep it simple – keep your system structure – no welding required

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Flare stacks can be found on almost any oil and gas installation as part of the waste gas system, and as a controlled vent for high volumes of combustible gases during an upset. By its nature, the pressure, volume flow and gas composition in a flare stack can differ significantly over short periods of time. … Read more Flare Meter Retrofit Solution: Keep it simple – keep your system structure – no welding required

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TRIAGE: Pipeline Integrity Hazard Classification & Mitigation Guidance Risk-Optimizes Oil & Gas Maintenance Costs

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TRIAGE Addresses the Root-Cause of Pipeline Failures TRIAGE – integrity hazard classification and risk-optimized mitigation guidance is an innovative data service proven successful at addressing the root cause of pipeline failures by; 1) improving the characterization of the over-life corrosive environment to which pipelines are exposed; and 2) by aligning mitigation activities to the corrosive environment … Read more TRIAGE: Pipeline Integrity Hazard Classification & Mitigation Guidance Risk-Optimizes Oil & Gas Maintenance Costs

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WATCH: We are Sky Eye Measurement – Energy Transfer Solutions Company

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Sky Eye Measurement is an “energy transfer solutions company” with manufacturing located in Alberta’s Oil and Gas heartland and over fifteen years of experience serving the energy industry. Today, we work with some of the largest producers in the world throughout North America. We manufacture and service a wide variety of energy transfer systems from … Read more WATCH: We are Sky Eye Measurement – Energy Transfer Solutions Company

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Gemini Interview Series | EPISODE 01

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Gemini Fabrication has released the first episode in our mini-interview series. Come with us as we take you on a journey to meet some of the leaders and industry experts who help make Gemini Fabrication the #1 Fabricator in Western Canada. Find out from the inside why Gemini has continually set the bar for project delivery, … Read more Gemini Interview Series | EPISODE 01

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CO2 Misinformation – by Mark Kuppe, Acero Engineering Inc.

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I recently wrote an article about why I love natural gas and what it (along with coal and oil) has done for the Canadian standard of living.  Apparently however, I missed the memo about the urgent need to switch to wind, solar and other so-called “green” technologies because mankind is in imminent danger of self-destruction … Read more CO2 Misinformation – by Mark Kuppe, Acero Engineering Inc.

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Remote Emission Reduction Management – Clear Rush Co.

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The oil and gas sector is currently facing the most challenging business environment in recent years. With the increasing adoption of more stringent environmental regulations across Canada and the United States, operators are moving forward with the installation of technologies that serve a vital purpose: emission reduction. Operators rely on this emissions reduction equipment to … Read more Remote Emission Reduction Management – Clear Rush Co.

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Scovan Engineering announces keynote speakers for 3rd annual International Women’s Day Forum on March 8.

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Scovan to host 3rd annual International Women’s Day Forum live stream event. International Women’s Day celebrates the economic, cultural, and political achievements of women across the globe. The day focuses on unity, equality and advocacy. In celebration of International Women’s Day, Scovan is bringing together female industry leaders to participate in a virtual event to highlight … Read more Scovan Engineering announces keynote speakers for 3rd annual International Women’s Day Forum on March 8.

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Texas utilities can’t stick customers with huge bills after storm: Abbott

(Reuters) – Texas utility regulators will temporarily ban power companies from billing customers or disconnecting them for non-payment, after the deadly winter storm that caused widespread blackouts, Governor Greg Abbott said on Sunday. Abbott called an emergency meeting with state lawmakers on Saturday after reports of many customers receiving bills for thousands of dollars for … Read more Texas utilities can’t stick customers with huge bills after storm: Abbott

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U.S. drillers cut oil rigs for first week in 13 amid deep freeze – Baker Hughes

By Reuters Staff (Reuters) – U.S. energy firms this week cut the number of oil rigs operating for the first time since November as blistering cold and snow hit most of Texas, New Mexico and other big energy producing areas. The U.S. oil and gas rig count, an early indicator of future output, was unchanged … Read more U.S. drillers cut oil rigs for first week in 13 amid deep freeze – Baker Hughes

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Saudis, Russia Differ Again on Oil Strategy Before OPEC+ Meeting

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

Feb 20, 2021 (Bloomberg) Saudi Arabia and Russia are once again heading into an OPEC+ meeting on opposite sides of a crucial debate about the oil market.Riyadh is publicly urging fellow members to be “extremely cautious,” despite prices rebounding to a one-year high. In private, the kingdom has signaled it would prefer that the group broadly … Read more Saudis, Russia Differ Again on Oil Strategy Before OPEC+ Meeting

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The Two Hours That Nearly Destroyed Texas’s Electric Grid

Feb 21, 2021 (Bloomberg)  The control room of the Texas electric grid is dominated by a Cineplex-sized screen along one wall. As outdoor temperatures plunged to arctic levels around the low-slung building 30 miles from Austin last Sunday night, all eyes were on it. The news wasn’t good. Electric demand for heat across the state … Read more The Two Hours That Nearly Destroyed Texas’s Electric Grid

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Restarting Texas’s Frozen Energy Heartland Will Be a Climate Mess

Feb 21, 2021 (Bloomberg) Like a cold-blooded animal—a lizard or a snake—the petrochemical hub that is the state of Texas went dormant during the deep freeze. Eventually, it’ll wake up again, and when it does the damage will be worse than if it never went to sleep.Filings submitted in recent days to the Texas Commission on … Read more Restarting Texas’s Frozen Energy Heartland Will Be a Climate Mess

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Arctic drilling plan in Alaska hits roadblock

ANCHORAGE, Alaska (Reuters) – Plans for seismic surveys to help find oil in the Arctic National Wildlife Refuge have fizzled due to a lack of protection for polar bears, according to a brief statement Saturday from the Department of the Interior. The Kaktovik Inupiat Corp (KIC), the Native-owned company that applied for permission to conduct … Read more Arctic drilling plan in Alaska hits roadblock

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Texas Homes Slammed by Thousand-Dollar Power Bills After Storm

 Feb 21, 2021 (Bloomberg) After enduring a wretched week of Arctic storms, hunger and cold, several Texans lucky enough to have power were handed another pain point — massive electricity bills.Houston resident David Astrein, 36, a human resources director at a manufacturing company, said he’s been charged $2,738.66 for 20 days this month versus $129.85 for … Read more Texas Homes Slammed by Thousand-Dollar Power Bills After Storm

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Column: Oil market rebalancing largely complete, except for jet fuel

Oil Storage

By John Kemp LONDON (Reuters) – U.S. petroleum consumption and inventories have returned to normal after the pandemic and volume war last year, with the significant exception of jet fuel, where demand remains suppressed by travel restrictions. Market rebalancing has been completed earlier than seemed likely a few months ago, as a result of a strong … Read more Column: Oil market rebalancing largely complete, except for jet fuel

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Biden Says He Hopes to Visit Texas After Winter Storm

Feb 19, 2021 (Bloomberg) —President Joe Biden said he’ll declare a major disaster in Texas and wants to visit the state soon as it recovers from widespread power outages and water shortages following an unusual winter storm. “If in fact it’s concluded that I can go without creating a burden for the folks on the … Read more Biden Says He Hopes to Visit Texas After Winter Storm

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A Tale of Two Carbon Prices to Shape Biden’s Climate Policy

By Gernot Wagner Feb 19, 2021 (Bloomberg) Imagine a $50 price per ton of carbon dioxide this year. Exxon Mobil Corp. has. The oil giant has joined BP Plc, Royal Dutch Shell Plc and others in support of just such a price. It would rise at an annual rate of 5%, plus inflation. In exchange, these companies expect that “all … Read more A Tale of Two Carbon Prices to Shape Biden’s Climate Policy

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RAM Industries Inc.
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As power returns, Texas energy firms slowly emerge from deep freeze

HOUSTON (Reuters) – Texas energy firms on Friday began to prepare for oil and gas production after days of frozen shutdowns as electric power and water service slowly resumed at darkened oilfields and refineries. It will take several days for oilfield crews to deice valves, restart systems and begin oil and gas production. U.S. Gulf … Read more As power returns, Texas energy firms slowly emerge from deep freeze

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U.S. to unveil Nord Stream 2 pipeline report, but sanctions may take time: sources

WASHINGTON (Reuters) – The Biden administration is expected to name as early as Friday the companies it believes are helping build Russia’s Nord Stream 2 pipeline, five sources said, a move that could eventually prompt sanctions on the nearly completed project. The State Department report to Congress, which may come on Friday, is expected to … Read more U.S. to unveil Nord Stream 2 pipeline report, but sanctions may take time: sources

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Texas Oil Patch Starts to Resume Operations After Cold Snap

By Sheela Tobben and Javier Blas Feb 19, 2021 (Bloomberg) The Texas oil patch is slowly restarting wells after the deep freeze that swept through the region shut a record amount of U.S. crude output.Marathon Oil Corp., Devon Energy Corp. and Verdun Oil Co LLC have begun using restored power from local grids or generators … Read more Texas Oil Patch Starts to Resume Operations After Cold Snap

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Oil Giving Up Big-Freeze Gains With Wells Slowly Restarting

By Sharon Cho and Alex Longley Feb 19, 2021 (Bloomberg) Oil fell for a second day as production slowly restarted in Texas and the White House said it would be willing to meet with Iran, potentially paving the way for more crude exports from the Persian Gulf nation.Futures in New York dropped toward $59 a barrel. Companies are … Read more Oil Giving Up Big-Freeze Gains With Wells Slowly Restarting

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Brookfield Bid Spurs Calgary’s Inter Pipeline to Look for White Knight

By Derek Decloet  Feb 18, 2021 (Bloomberg) Canada’s Inter Pipeline Ltd. said it will start a review of options including a potential sale after it received a hostile takeover bid from Brookfield Infrastructure Partners LP. The pipeline operator said it’s hired TD Securities for advice and will strike a special committee of the board, led by … Read more Brookfield Bid Spurs Calgary’s Inter Pipeline to Look for White Knight

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Shell Unloads Alberta Shale Assets in Latest Canada Energy Deal

By Robert Tuttle Feb 17, 2021 (Bloomberg) Crescent Point Energy Corp. agreed to buy some of Royal Dutch Shell Plc’s Western Canadian shale operations for about C$900 million ($707 million) in the latest example of consolidation in the Canadian oil and gas sector. Calgary-based Crescent Point, an oil driller with a focus on Saskatchewan, will acquire … Read more Shell Unloads Alberta Shale Assets in Latest Canada Energy Deal

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Iran Snubs Biden in Seeking End to Sanctions Before Talks

By Golnar Motevalli, Yasna Haghdoost and Patrick Sykes Feb 19, 2021 (Bloomberg) Iran said the U.S. must first return to the 2015 nuclear deal and lift sanctions if it wants talks with the Islamic Republic, appearing to snub an effort by the Biden administration to begin direct discussions before officially rejoining the accord. Supreme Leader Ayatollah … Read more Iran Snubs Biden in Seeking End to Sanctions Before Talks

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Targa Resources Corp. Reports Fourth Quarter and Full Year 2020 Financial Results and Provides 2021 Operational and Financial Outlook

Targa Resources

HOUSTON, Feb. 18, 2021 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“TRC”, the “Company” or “Targa”) today reported fourth quarter and full year 2020 results. Fourth Quarter and Full Year 2020 Financial Results Fourth quarter 2020 net income (loss) attributable to Targa Resources Corp. was $33.6 million compared to ($112.8) million for the fourth quarter … Read more Targa Resources Corp. Reports Fourth Quarter and Full Year 2020 Financial Results and Provides 2021 Operational and Financial Outlook

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U.S. Oil Production Slumps by Record 40% as Permian Freezes

Feb 17, 2021 (Bloomberg) Total U.S. oil production has plunged by close to 40% — the most ever — as an unprecedented cold blast freezes well operations across the central U.S., according to traders and industry executives with direct knowledge of the operations.Crude output has now fallen by more than 4 million barrels a day nationwide, … Read more U.S. Oil Production Slumps by Record 40% as Permian Freezes

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Oil Briefly Tops $65 in London Amid Shockwaves From U.S. Freeze

Feb 18, 2021 (Bloomberg) Brent crude briefly surpassed $65 a barrel for the first time in a year as a cold blast that’s pummeled U.S. oil production escalated into a global supply shock.More than 4 million barrels a day of U.S. output — about 40% of crude production — is now offline, according to traders and … Read more Oil Briefly Tops $65 in London Amid Shockwaves From U.S. Freeze

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Mexico presses U.S. to guarantee natural gas supplies after Texas export ban

Natural Gas

MEXICO CITY (Reuters) – The Mexican government called the top U.S. representative in Mexico on Wednesday to press for natural gas supplies after the Texas governor ordered fuel to remain in the state during a freeze that has overwhelmed its energy grid. Already, earlier this week, natural gas supplies to Mexico from Texas were interrupted … Read more Mexico presses U.S. to guarantee natural gas supplies after Texas export ban

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Texas energy freeze stretches to sixth day, raises Mexico’s ire

HOUSTON (Reuters) – Texas’s freeze entered a sixth day on Thursday, as the largest energy-producing state in the United States grappled with massive refining outages and oil and gas shutins that rippled beyond its borders into neighboring Mexico. The cold snap, which has killed at least 21 people and knocked out power to more than … Read more Texas energy freeze stretches to sixth day, raises Mexico’s ire

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U.S. lawmakers ask Blinken for briefing on Nord Stream 2 natgas pipeline

WASHINGTON (Reuters) – Several U.S. Representatives on Wednesday raised pressure on the State Department to share plans on potential sanctions on the Nord Stream 2 natural gas pipeline Russia is racing to finish to take fuel to Europe. “If completed, Nord Stream 2 would enable the Putin regime to further weaponize Russia’s energy resources to … Read more U.S. lawmakers ask Blinken for briefing on Nord Stream 2 natgas pipeline

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Big Oil Invests in Startup That Drills for Clean Energy

(Bloomberg) —Companies including the venture arms of BP Plc and Chevron Corp. invested $40 million in a startup that aims to use the fossil fuel industry’s drilling experience to expand a technology that harvests low-carbon energy from heat below the earth’s surface.Eavor Technologies Inc. plans to expand geothermal power beyond places like Iceland that have … Read more Big Oil Invests in Startup That Drills for Clean Energy

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Oil States Announces Fourth Quarter 2020 Results of Operations

February 17, 2021 17:10 ET | Source: Oil States International, Inc. HOUSTON, Feb. 17, 2021 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE: OIS) reported a net loss for the fourth quarter of 2020 of $18.7 million, or $0.31 per share, which included non-cash asset impairment charges of $4.3 million ($3.4 million after-tax, or $0.06 per share) and severance and restructuring charges … Read more Oil States Announces Fourth Quarter 2020 Results of Operations

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Bonanza Creek Energy Announces Fourth Quarter and Full-Year 2020 Results

February 17, 2021 | Source: Bonanza Creek Energy, Inc. DENVER, Feb. 17, 2021 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE: BCEI) (the “Company” or “Bonanza Creek”) today announced its fourth quarter and full-year 2020 financial results, and has posted an updated investor presentation to its website. Highlights for the fourth quarter and full-year 2020 include: Average … Read more Bonanza Creek Energy Announces Fourth Quarter and Full-Year 2020 Results

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Ovintiv Reports Fourth Quarter and Full-Year 2020 Results, Announces Multi-Year Debt Reduction Target, Signs Agreement to Sell Duvernay and Provides Strong 2021 Outlook

Year-end 2020 debt reduced nearly $500 million from mid-year 2020 2021 debt reduction target increased 25% to $1.25 billion including second half 2020 Multi-year debt target issued: $4.5 billion of total debt by year-end 2022 Company signs agreement to sell its Duvernay asset for $263 million Company generated significant non-GAAP Free Cash Flow for third consecutive year Strong well performance and realized prices combined … Read more Ovintiv Reports Fourth Quarter and Full-Year 2020 Results, Announces Multi-Year Debt Reduction Target, Signs Agreement to Sell Duvernay and Provides Strong 2021 Outlook

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Europe pulls ahead in race for hydrogen, as global project pipeline grows

BRUSSELS (Reuters) – Most of the world’s planned hydrogen projects and the biggest chunk of related investments this decade are expected to be in Europe, an industry report said on Wednesday, as the continent races to scale up the low-carbon fuel to meet climate goals. The European Union has made hydrogen a key plank in … Read more Europe pulls ahead in race for hydrogen, as global project pipeline grows

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Sweden Shows Texas How to Keep Turbines Going in Icy Weather

Feb 16, 2021 (Bloomberg) With the right gear, wind turbines can keep on generating through the harshest winter weather. That’s the experience by researchers at an Arctic test site in Sweden, and their knowledge would have come handy thousands of miles away as ice and snow storms in Texas downed generators and triggered widespread blackouts. As much as half … Read more Sweden Shows Texas How to Keep Turbines Going in Icy Weather

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Saudi Oil Minister Urges Producer Caution Before OPEC+ Meeting

Feb 17, 2021 (Bloomberg) Saudi Arabia urged fellow members of the OPEC+ oil alliance to remain cautious as they prepare to consider further output increases. Crude prices have rebounded to a one-year high above $60 a barrel in New York as fuel demand recovers and the 23-nation OPEC+ coalition constricts supply. Still, the ongoing pandemic poses … Read more Saudi Oil Minister Urges Producer Caution Before OPEC+ Meeting

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Oil Erases Gains Amid Reports of Saudi Production Increase

By Andres Guerra Luz and Grant Smith  Feb 17, 2021 (Bloomberg) Oil dipped amid reports that Saudi Arabia will reverse unprecedented production cuts as prices recover.Futures erased gains in New York on Wednesday after Dow Jones reported that Saudi Arabia plans to boost oil output in the coming months, citing unnamed advisers to the kingdom. While … Read more Oil Erases Gains Amid Reports of Saudi Production Increase

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In Texas’s Black-Swan Blackout, Everything Went Wrong at Once

By Rachel Adams-Heard, Naureen S. Malik and Brian Eckhouse Feb 17, 2021 (Bloomberg) The finger-pointing began immediately: It was the frozen wind turbines that foolishly replaced traditional sources. No, fossil fuels were at fault. No, Texas’s deregulated power market, unique in the country, had allowed companies to skimp on maintenance and upgrades. As the hours ticked … Read more In Texas’s Black-Swan Blackout, Everything Went Wrong at Once

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OPEC chief optimistic about 2021 recovery but uncertainty remains

OPEC Secretary-General Mohammad Barkindo addresses a news conference in Vienna, Austria, November 7, 2017. REUTERS/Heinz-Peter Bader

LONDON (Reuters) – OPEC’s secretary general said on Wednesday there were grounds for optimism that 2021 would be a year of recovery after the slump in oil prices and demand caused by the pandemic. “While there are grounds for optimism that 2021 will be the year of recovery … there are many other uncertainties that … Read more OPEC chief optimistic about 2021 recovery but uncertainty remains

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Texas’s one-of-a-kind power system raises questions during price spike

NEW YORK (Reuters) – A brutal winter storm that has left millions without power along the U.S. Gulf Coast and caused power prices to surge has highlighted the differences between Texas’s independent power grid and the rest of the United States. HOW DOES TEXAS PROVIDE ELECTRICITY? Texas produces and consumes more electricity than any other … Read more Texas’s one-of-a-kind power system raises questions during price spike

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