December 13, 2019 Reuters U.S. energy firms added rigs for the first time in eight weeks even as producers follow through on plans to reduce spending on new drilling.Companies added 4 oil rigs in the week to Dec. 13, bringing the total count to 667, energy services firm Baker Hughes Co said in its closely … Read moreU.S. drillers add oil rigs for first week in eight

By Lynn Doan and Dan Murtaugh Dec 13, 2019 (Bloomberg) Perhaps for the first time ever, Erin Brockovich and PG&E Corp. are on the same side. Brockovich is best known for her success fighting the California utility giant in court over water contamination, a battle later depicted in an Academy Award-winning film starring Julia Roberts. But … Read moreFor Once, Erin Brockovich and PG&E Are Fighting On The Same Side

By Liam Denning Dec 11, 2019 (Bloomberg Opinion) Along with never invading Russia or getting into a Twitter argument, we can add another golden rule — this one specifically for U.S. oil majors: Never buy a shale-gas business.Chevron Corp.’s $10-11 billion impairment, announced late Tuesday, relates mostly to the Appalachian gas assets it picked up in 2011’s … Read moreChevron Ushers in Oil’s Era of the Sober-Major: Liam Denning

By Grant Smith Dec 12, 2019 (Bloomberg) Global oil markets still face a surplus next year even if OPEC and its partners deliver newly-announced production cuts in full, the International Energy Agency said. Oil inventories may accumulate by 700,000 barrels a day in the first quarter even if the Organization of Petroleum Exporting Countries and its … Read moreOPEC+ Oil Supply Cuts Won’t Prevent Surplus in 2020, IEA Says

By Rachel Adams-Heard  Dec 12, 2019 (Bloomberg) Billionaire wildcatter Harold Hamm is stepping down as chief executive officer of Continental Resources Inc. and will become executive chairman of the shale-oil producer he founded over five decades ago. Board member William Berry will take over as CEO at the start of next year, according to a statement … Read moreHamm Steps Down as CEO of Company He Founded 52 Years Ago

By Erik Wasson Dec 10, 2019 (Bloomberg) House Democrats embraced the U.S.-Mexico-Canada trade agreement after securing key revisions and announced plans to vote on the deal next week, putting President Donald Trump closer to a political win as he heads into the 2020 election. Speaker Nancy Pelosi praised the changes her House Democats were able to … Read moreTrump’s Nafta Rewrite Gets Signoffs; Senate to Vote in 2020

By Sharon Cho and Grant Smith Dec 11, 2019 (Bloomberg) Oil retreated from its highest close in almost three months after an industry report showed American crude inventories expanded last week, adding to signs that supplies will remain abundant next year.Futures in New York dropped as much as 0.7% after settling above $59 a barrel on … Read moreOil Falls From 12-Week High as Report Shows U.S. Stockpile Build

NEW YORK — Exxon Mobil won Tuesday in a closely watched lawsuit over the costs of climate change, with a judge saying there was no proof the energy giant duped investors about the toll that regulations could take on its business. New York Attorney General Letitia James’ office didn’t prove the company made any material … Read moreExxon Mobil prevails in lawsuit over climate regulations

By Sharon Cho and Grant Smith Dec 9, 2019 Dec 10, 2019 (Bloomberg)Oil was steady near a 12-week high in New York, supported by signs of falling American crude inventories yet capped by continuing salvos in the U.S.-China trade dispute. West Texas Intermediate futures were little changed. U.S. crude stockpiles fell by 2.5 million barrels … Read moreOil Steady Near 12-Week High Amid Stockpile Drop, Trade Anxiety

December 9, 2019 Reuters Map of Enbridge’s Line 3 Replacement Project Canada’s Enbridge Inc said on Monday that a revised environmental statement from the state of Minnesota’s commerce department concludes that replacing the aging Line 3 oil pipeline would not introduce risks for Lake Superior in the case of a spill.The revised statement was drafted at … Read moreEnbridge says Minnesota concludes no additional risk to lake from pipeline

By Sharon Cho and Rakteem Katakey Dec 9, 2019 (Bloomberg) Oil fell from the highest close in almost 12 weeks as the effects of the U.S.-China trade war countered Saudi Arabia’s surprise move to take additional crude barrels out of the market. Futures in New York slipped 1.1% after climbing 1.3% on Friday. The kingdom voluntarily … Read moreOil Slips as Trade Deal Impact Counters Surprise Saudi Cut

By Rachel Adams-Heard Dec 5, 2019 (Bloomberg) Houston is counting on industries outside the oilfield to employ residents of America’s fourth-largest city as the Texas shale boom sputters.“The situation Houston faces today is eerily similar to what it faced after the 1980s bust — an oversaturated real estate market, a bleak outlook for oil and gas, and … Read moreAs Shale Boom Stalls, Houston Looks to Other Industries for Job Growth

By Will Mathis (Bloomberg) One of the world’s biggest developers of offshore wind farms thinks its massive turbines could be key to the production of hydrogen in a greener way and ultimately, stemming climate change.Over the past decade, offshore wind has pushed from a frontier technology to a multi-billion-dollar industry that provides green power cheap enough to … Read moreA $39 Billion Wind Company Bets Hydrogen Is Key to Climate Goals

By Heesu Lee and Alex Longley Dec 6, 2019 (Bloomberg) Oil traded near $58 a barrel as the market awaited crucial details on how OPEC+ will distribute cuts among its members. Futures slipped 0.3% in New York having been whipsawed throughout the previous session after six hours of fraught OPEC ministerial talks. The group agreed to adjust its … Read moreOil Near $58 as Traders Await Details on How OPEC+ Shares Cuts

December 4, 2019 Business Wire LINO LAKES, Minn. – The Line 3 Replacement Project, the largest privately financed construction project in Minnesota history, has celebrated a major milestone. Representatives from four trade and labor unions held a ceremonial signing of a project labor agreement with Enbridge guaranteeing it will be built solely by union labor. The … Read moreLabor Unions, Enbridge Sign Project Labor Agreement on Line 3 Replacement Project

By Brian Eckhouse Dec 3, 2019 (Bloomberg) The solar industry may not catch the break from U.S. import tariffs that it was counting on next year.The duties imposed by the Trump administration last year currently stand at 25% and were scheduled to fall to 20% in 2020. But the Washington-based trade group Solar Energy Industries Association warned on … Read moreSolar May Not Get Relief From Trump’s Tariffs Soon After All

By Sheela Tobben Dec 3, 2019 (Bloomberg) Oil rose for a second day as investors focused on the upcoming OPEC+ meeting that could lead to deeper supply cuts by some of the world’s biggest crude producers. Futures edged higher in New York on Tuesday to the highest settlement in almost a week. Members of the Organization … Read moreOil Ekes Out a Gain as OPEC, Allies Gear Up for Key Convocation

By Heesu Lee and Alex Longley  Dec 3, 2019 (Bloomberg) Oil slipped below $56 as U.S. President Donald Trump said there may be a long wait for a trade agreement with China, casting doubt about the strength of demand just days before the OPEC+ meeting.Futures fell 0.6% in New York, erasing earlier gains. Trump said he … Read moreOil Falls as Trump Signals Long Wait for U.S.-China Trade Deal

December 2, 2019 Reuters U.S. oil producers could expand daily output by 1 million barrels next year, or by as little as 100,000 barrels, with the wide gap creating huge uncertainty as OPEC officials gather this week to weigh production curbs.Shale output has routinely defied naysayers over the past three years as U.S. production has surged … Read moreU.S. Oil Output Growth Slows: Just How Much is Anyone’s Guess

By Alex Longley Dec 2, 2019 (Bloomberg) Oil rebounded from the biggest weekly loss since October on speculation that OPEC+ could defy expectations by deepening its production cuts. Futures surged as much as 2.7% in New York after plunging 5.1% on Friday. Iraq said OPEC and its allies will consider further output curbs at their meeting … Read moreOil Rebounds on Speculation That OPEC+ Could Deepen Output Cuts

By Kriti Gupta Nov 29, 2019 (Bloomberg) Natural gas prices capped their biggest November drop since 2001 as forecasts showed no sign of the teeth-chattering U.S. cold needed to boost demand for the heating fuel.The outlook for the second week of December turned warmer overnight, with temperatures now expected to be above normal across most of … Read moreNatural Gas Tumbles as Temperatures Set to Rise

By Stephen Cunningham Nov 30, 2019 (Bloomberg) The U.S. solidified its status as an energy producer by posting the first full month as a net exporter of crude and petroleum products since government records began in 1949.The nation exported 89,000 barrels a day more than it imported in September, according to data from the Energy Information Administration Friday. … Read moreU.S. Posts First Month in 70 Years as a Net Petroleum Exporter

By Alex Longley Nov 29, 2019 (Bloomberg)  Oil headed for a fourth weekly gain, the longest winning streak since April, before a key OPEC+ meeting next week that will set the path for future production cuts. Futures held steady near $58 a barrel in New York as the U.S. Thanksgiving holiday reduced trading volumes. Saudi … Read moreOil Set for Fourth Weekly Advance Ahead of Key OPEC+ Meeting

By Sophie Alexander and David Wethe Nov 27, 2019 (Bloomberg) Dallas Cowboys owner Jerry Jones is doubling down on a forlorn corner of the U.S. shale patch, calling Louisiana’s Haynesville play the best for low-cost hydrocarbons and saying he’s hunting for more acreage there. The billionaire owner of America’s Team is no stranger to contrarian investments. … Read moreCowboys Owner Jerry Jones Says He’s Hunting for More Gas Assets

By Ann Koh and Alex Longley Nov 28, 2019 (Bloomberg) Oil fell for a second day after U.S. crude supplies rose and President Donald Trump signed a law supporting Hong Kong protesters, potentially complicating trade talks with China.Futures declined as much as 0.8% in New York. American stockpiles defied analyst expectations to expand for a fifth … Read moreOil Drops as U.S. Inventories Rise, Trump Signs Hong Kong Bill

By Michael Bellusci Nov 26, 2019 (Bloomberg) More free time for analysts usually means a lot less interest in the sector they cover.No group illustrates this better than oil and gas, especially oilfield service stocks. The Philadelphia Oil Service Sector Index sank 2% Tuesday and has fallen more than 15% this year. Meanwhile, the S&P 500 … Read moreMore ‘Coffee Time’ for Analysts Is Latest Sign of Oil Service Apathy

By Ann Koh and Alex Longley Nov 27, 2019 (Bloomberg) Oil held steady as traders weighed hopes for a limited U.S.-China trade deal against a reported increase in American crude stockpiles.Futures were little changed above $58 a barrel in New York after rising 1.1% over the previous two sessions. President Donald Trump said talks on the … Read moreOil Holds Steady as Trade-Deal Hopes Counter Rising Stockpiles

By Simon Casey Nov 25, 2019 (Bloomberg) As U.S energy stocks endure an annus horriblis, industry figures such as Harold Hamm and Kelcy Warren are taking advantage.Share purchases in the sector made by insiders so far this year stand at $544 million, more than double the total in 2018, according to data from Insider Insights. Insider … Read moreEnergy Insiders Snatch Up Shares in Industry’s Miserable Year

By Ann Koh and Grant Smith Nov 26, 2019 (Bloomberg)Oil rose on signs of progress in trade talks between the U.S. and China, and estimates that American crude inventories retreated for the first time in five weeks. Futures gained 0.6% to trade above $58 a barrel in New York. Washington and Beijing “reached consensus on properly resolving … Read moreOil Rises on Signs of Trade-Talks Progress, Stockpile Drop

Nov 26, 2019 (Bloomberg) —Ebony Lopez’s electric company in Napa wine country used to get a handful of inquiries a week from people asking about generators. After PG&E Corp. shut power to millions of Californians last month, it’s more like 10 to 15 calls a day.“It’s been nonstop,” Lopez said. “People are definitely being reactive.” … Read moreRich Californians Shelling Out $30,000 to Ease Blackout Pain

November 26, 2019 Reuters Global oil consumption has apparently accelerated since mid-year as lower prices filter through the supply chain, increasing demand and avoiding a big increase in inventories. But all may not be as it seems. Much of the growth has come from China, where reported consumption is rising at rates inconsistent with the country’s … Read moreGlobal Oil Consumption Remains Sluggish

By Ann Koh and Grant Smith Nov 25, 2019 (Bloomberg) Oil held near $57 a barrel in New York as China made a concession that could help resolve trade tensions with the U.S. that have weighed on the global economy and fuel demand.Futures fell 0.9% and were more than $1 below the two-month intraday high reached … Read moreOil Holds Near $57 on Glimmer of Progress in Trade War Talks

November 22, 2019 Reuters U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row and the rig count has dropped 24% year-on-year as producers cut spending on new drilling.Drillers cut three oil rigs in the week to Nov. 22, bringing the total count down to 671, the … Read moreU.S. oil drillers cut rigs for fifth week in a row

By Jacquelyn Melinek Nov 22, 2019 (Bloomberg) Oil fell Friday but still ended the week higher after President Donald Trump said he was “very close” to a trade pact with China but warned that Beijing wants the deal more. Futures slipped 1.4% in New York on Friday and rose 0.1% for the week, marking the third … Read moreOil Slips as Trump Comments Cast Doubt on U.S.-China Trade Deal

By Kriti Gupta Nov 22, 2019 (Bloomberg) Banks have begun trimming back the credit lines of America’s shale producers, further undercutting a beleaguered industry that’s been struggling to rebuild investor confidence.Laredo Petroleum Inc. and Oasis Petroleum Inc. are among at least six producers whose ability to secure short-term loans against their oil and natural gas reserves … Read moreLack of Credit Is Latest Blow to the Struggling Shale Industry

ANCHORAGE, Alaska — The Trump administration will consider a new management plan and expanded oil drilling for the National Petroleum Reserve-Alaska, an Indiana-size area that former Interior Secretary Ken Salazar characterized as an “iconic place on our Earth.” The Bureau of Land Management announced Thursday it will take public comment through Jan. 21 on four … Read moreUS Agency to Consider Expanded Drilling in Alaska Reserve

By Saket Sundria and Grant Smith Nov 21, 2019 (Bloomberg) Oil steadied after Wednesday’s rally amid mixed prospects for a trade agreement between the U.S. and China that impacts global energy demand, and lower crude stockpiles at a key American storage hub.Futures for January delivery rose 0.6% in New York. China’s Vice Premier Liu He said … Read moreOil Steadies Amid Trade Deal Uncertainty and U.S. Stockpile Drop

BY JAMES MACPHERSON THE ASSOCIATED PRESS  Workers survey the damage of a pipeline leak in a field near Edinburg, N.D. in this undated handout photo. Credit: TC Energy Top U.S. House Democrats have called for a federal review of the Keystone pipeline and the agency that regulates it in the wake of 1.4-million-litre (383,000-gallon) spill in northeastern … Read moreU.S. Congress wants review of Keystone pipeline in wake of North Dakota spill

By Kevin Crowley and David Wethe Nov 20, 2019 (Bloomberg)California intensified its battle against fossil fuels by seeking independent reviews of all pending hydraulic fracturing permits and halting approvals of a key production technique in an area that has pumped crude for more than a century. Governor Gavin Newsom ordered regulators to assess the safety … Read moreCalifornia Intensifies Fossil Fuel Fight With New Drilling Ban

By Saket Sundria and Grant Smith Nov 20, 2019 (Bloomberg) Oil steadied after falling to a two-week low on signs of swelling American crude inventories, while heightened political tensions clouded the chances of a trade deal between the U.S. and China. Futures held above $55 a barrel in New York after slumping 3.2% on Tuesday, the … Read moreOil Steadies After Hitting Two-Week Low on Rising Stockpiles

By Erik Larson Nov 18, 2019 (Bloomberg)  You’d expect most companies accused of a longstanding fraudulent scheme to be thrilled if the government dropped those claims against them. Not so for Exxon Mobil Corp. — at least not today. The energy giant unleashed a torrent of criticism against New York Attorney General Letitia James in … Read moreExxon Says N.Y. Used Fraud Claims to Score Political Points

By Alex Tanzi Nov 19, 2019 (Bloomberg) The New York city area may boast the largest share of personal income in the U.S., but pay is growing the fastest in the much smaller oil-boom towns of Odessa and Midland, Texas, according to new Commerce Department data.Indeed, Midland’s per capita personal income of more than $122,000 a year … Read moreMidland, Texas Beat NYC Area When it Comes to Big Paychecks

By Will Wade  Nov 19, 2019 (Bloomberg) In the end, the unraveling economics of U.S. coal proved too much for even a giant among power generators to handle. At 12:09 p.m. local time on Monday — after churning out electricity for almost five decades — the largest coal-fired power plant in the western U.S. permanently closed, becoming … Read moreA Massive Coal Plant That Asked for Trump’s Help Has Gone Dark

By Saket Sundria and Grant Smith Nov 19, 2019 (Bloomberg) Oil fell for a second day on indications American crude stockpiles and shale output will keep expanding, while investors wait for a breakthrough in U.S.-China trade talks.Futures declined as much as 1.6% in New York to their lowest since Nov. 8. U.S. oil inventories probably rose … Read moreOil Falls to One-Week Low on U.S. Supplies, Trade Deal Impasse

By Will Wade (Bloomberg) U.S. miner Contura Energy Inc.’s $800 million bet on international coal markets is souring.In November 2018, when Contura bought Alpha Natural Resources and became America’s biggest supplier of metallurgical coal, global prices for the fuel were climbing — bolstered by demand, particularly in China. Since then, trade tensions have escalated, curbing purchases … Read moreU.S. Coal Giant Is ‘Unglued’ as $800 Million Takeover Sours

By Saket Sundria and Grant Smith Nov 18, 2019 (Bloomberg) Oil eased from the highest close in eight weeks as traders awaited clearer signs on whether the U.S. and China can reach a trade deal, and relieve pressure on the world economy.Futures slipped 0.9% after closing at the highest level since Sept. 23 on Friday. American … Read moreOil Slips as Investors Await Clarity on U.S.-China Trade Talks

November 15, 2019 Reuters U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row as producers plan to slash spending for a second consecutive year in 2020 while they struggle to extract profits from the shale boom.Drillers cut 10 oil rigs in the week to Nov. 15, … Read moreU.S. oil drillers cut rigs for fourth week in a row -Baker Hughes

By Elizabeth Low and Grant Smith Nov 15, 2019 (Bloomberg) Oil headed for a weekly decline as rising U.S. crude inventories and new production elsewhere signaled that global markets will remain comfortably supplied.Futures were little changed below $57 a barrel in New York, bringing the loss this week to 1%. U.S. government data showed stockpiles expanded … Read moreOil Heads for Weekly Loss on Signs of Adequate Global Supplies

November 14, 2019 Reuters Montana lawmakers representing Native American tribal members called on the state’s congressional delegation and the U.S. State Department on Thursday to extend the public comment period for the environmental review of the Keystone XL pipeline, saying tribes were not properly consulted. “We are particularly concerned with the lack of formal consultation with … Read moreMontana lawmakers seek more time for Keystone XL public, tribal input

By Liam Denning Nov 13, 2019 (Bloomberg Opinion) The International Energy Agency would like you to know it is not  in the business of making predictions: The WEO [World Energy Outlook] analyses the choices that will shape our energy use, our environment and our wellbeing. It is not, and has never been, a forecast of where the energy … Read moreThe IEA’s New Energy Outlook Comforts No One: Liam Denning

By Laura Hurst Nov 13, 2019 The male-dominated club of oil and gas chief executives just received a new female member.Katherine Roe was appointed interim chief executive officer of Wentworth Resources Plc after the company announced Eskil Jersing was leaving the company with immediate effect on Wednesday. Roe will retain her role as chief financial … Read moreBoys Club of Oil and Gas CEOs Sees Woman Join Their Ranks

LINTON, N.D. — Dakota Access pipeline officials argued Wednesday that the company’s proposal to double the line’s capacity does not increase the potential of a failure, a claim that has been long dismissed by opponents of the idea. Texas-based Energy Transfer wants to double the capacity of the pipeline to as much as 1.1 million … Read moreCompany: Dakota Access Expansion Doesn’t Increase Risk

By Elizabeth Low and Grant Smith  Nov 13, 2019 (Bloomberg) Oil fell for a third day amid concerns over the U.S.-China trade dispute, and signs of another increase in American crude stockpiles.Futures declined as much as 1.1% in New York. President Donald Trump’s speech on Tuesday disappointed investors after he gave little insight on how the impasse with Beijing … Read moreOil Declines Amid Concern Over Trade Talks, Long-Term Demand