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SPECIAL DIGITAL MARKETING OFFER TO INNOVATION WEEK PARTICIPANTS – Expires August 31, 2020

Thank-you for your participation in EnergyNow’s INNOVATION WEEK.  Your submission was an important step towards increased digital marketing to SHOWCASE your products and services to a focused energy industry audience of decision makers and key influencers. With the cancellation of in-person tradeshows, conferences and networking events, a strong digital presence is more important than ever!  … Read moreSPECIAL DIGITAL MARKETING OFFER TO INNOVATION WEEK PARTICIPANTS – Expires August 31, 2020

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INSIGHT: Environmental Groups Should Embrace Pipelines, Not Cancel Them

Keystone xl pipeline

Aug. 11, 2020 Environmentalists should support energy companies developing pipelines, which deliver fuel more safely and efficiently than other modes of transport, keep natural gas from flaring into the atmosphere, and help with the transition to clean energy, says Tyler Corder, of the Texas Public Policy Foundation’s Liberty Leadership Council in Houston. The joyful response … Read moreINSIGHT: Environmental Groups Should Embrace Pipelines, Not Cancel Them

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China’s new coal projects account for 90% of global total in first half – study

David Stanway SHANGHAI (Reuters) – China built more than half of the world’s new coal-fired power plants this year and accounted for 90% of new planned capacity, a study showed on Monday, with Beijing still commissioning new projects even as capacity worldwide declines. Global coal-fired generation capacity saw a net decline of 2.9 gigawatts (GW) … Read moreChina’s new coal projects account for 90% of global total in first half – study

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Trump Administration Abandons Obama-Era Curbs on Methane Leaks

By Jennifer A. Dlouhy Aug 12, 2020 (Bloomberg) The Trump administration is abandoning Obama administration curbs on methane leaks from oil and gas wells, a move that even some drillers oppose and that could become a campaign issue in the swing state of Pennsylvania. The effort, which an administration official said would be finalized Thursday, represents … Read moreTrump Administration Abandons Obama-Era Curbs on Methane Leaks

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Oil Rises Toward Five-Month High on Shrinking U.S. Stockpiles

Oil Storage

By Elizabeth Low and Alex Longley  Aug 12, 2020 (Bloomberg) Oil climbed to near a five-month high after an industry report pointed to a third straight weekly drop in American crude stockpiles. Futures in New York rose past $42 a barrel after losing 0.8% Tuesday. The American Petroleum Institute reported inventories fell by 4.01 million barrels … Read moreOil Rises Toward Five-Month High on Shrinking U.S. Stockpiles

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Murphy USA Raises $1 Million and Counting for Boys & Girls Clubs of America

  Murphy USA stores nationwide achieve $1 million milestone in first national cause campaign ‘Great Futures Fueled Here’ August 12, 2020 | Source: Murphy USA Inc. EL DORADO, Ark., Aug. 12, 2020 (GLOBE NEWSWIRE) — Murphy USA Inc. (NYSE: MUSA) is thrilled to announce its store employees and customers have raised more than $1 million for Boys … Read moreMurphy USA Raises $1 Million and Counting for Boys & Girls Clubs of America

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EnviroMAC Solutions looking at locations to open a facility in the Sanger, Texas area

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EnviroMAC Solutions is a new startup company looking at locations to open a facility in the Sanger area, Denton County and North Texas. The EnviroMac product is a new cutting edge patented technology that has the ability to solve environmental contamination problems and reduce the environmental impact created by the oil and chemical industries. EnviroMAC … Read moreEnviroMAC Solutions looking at locations to open a facility in the Sanger, Texas area

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Halliburton Seeking Serious Buyers Only in Real-Estate Auction

By David Wethe Aug 11, 2020 Halliburton Co. has been slashing jobs and retiring fracking gear as low oil prices crushed its order book. Now it’s going one step further by selling the land its business rested on.The world’s biggest provider of fracking services plans to sell 13 North American sites in October, according to … Read moreHalliburton Seeking Serious Buyers Only in Real-Estate Auction

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Covid-19 Curbing Corporate Deals for U.S. Clean-Energy Projects

By Brian Eckhouse Aug 11, 2020 (Bloomberg) Corporate appetite for clean electricity in the U.S. is waning as the Covid-19 pandemic upends energy consumption and reshapes the way people work. Renewable power contracted by U.S. corporations and public institutions this year will probably fall short of last year’s record-high 13.6 gigawatts, according to a report Tuesday … Read moreCovid-19 Curbing Corporate Deals for U.S. Clean-Energy Projects

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Occidental’s Lone Permian Rig Shows Severity of Shale Bust

By Kevin Crowley Aug 11, 2020 (Bloomberg) Occidental Petroleum Corp. will have just a single oil rig in the Permian Basin in the second half of the year, illustrating the scale of the shale industry’s pullback and the company’s debt woes. The deal to buy Anadarko Petroleum Corp. last year was supposed to consolidate Occidental’s position … Read moreOccidental’s Lone Permian Rig Shows Severity of Shale Bust

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Brookfield in Talks To Buy Blackstone’s Cheniere Stake

By Gillian Tan, Kiel Porter and Scott Deveau  Aug 11, 2020 (Bloomberg) Brookfield Asset Management Inc.’s infrastructure arm is in talks to acquire Blackstone Group Inc.’s minority stake in liquefied natural gas terminal operator Cheniere Energy Partners LP, according to people familiar with the matter. The alternative asset manager is working with a partner to acquire … Read moreBrookfield in Talks To Buy Blackstone’s Cheniere Stake

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Companies Are Buying Less Clean Energy as Pandemic Reshapes Work

By Brian Eckhouse (Bloomberg) Corporate appetite for clean electricity in the U.S. is waning as the Covid-19 pandemic upends energy consumption and reshapes the way people work. Renewable power contracted this year by U.S. corporations and public institutions will probably fall short of last year’s record-high 13.6 gigawatts, according to a report Tuesday by BloombergNEF. Through … Read moreCompanies Are Buying Less Clean Energy as Pandemic Reshapes Work

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Reset Energy Announces Acquisition of Heroes Energy Solutions

  MEDIA CONTACT:  Vicky Riley [email protected] 214.680-1712 Reset Energy Announces Acquisition of Heroes Energy Solutions Company to focus on design, equipment packaging and turnkey installation solutions  in the biofuels, gas, oil and power markets   MIDLAND, Texas (August 3, 2020) Reset Energy, LLP announced today the acquisition of Heroes Energy Solutions, LLP and the appointment … Read moreReset Energy Announces Acquisition of Heroes Energy Solutions

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Oil Prices Edge Higher on Signs of Slowing U.S. Covid Cases

By Alex Longley  Aug 11, 2020 (Bloomberg) Oil edged higher as markets in Europe and Asia advanced on signs that the surge in coronavirus cases in the southern U.S. is slowing. Futures in London topped $45 a barrel, heading for their strongest close in five months. The number of Americans hospitalized due to Covid-19 fell below 50,000 for … Read moreOil Prices Edge Higher on Signs of Slowing U.S. Covid Cases

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U.S. Gas, Power Utilities Join $100 Million Clean-Tech Effort

By Naureen S. Malik Aug 10, 2020 (Bloomberg)More than a dozen U.S. natural gas and electric utilities joined a $100 million effort to study and develop clean technologies over the next five years. The Low Carbon Initiative aims to advance the development of energy sources such hydrogen, synthetic fuels, biofuels and other alternatives to fossil … Read moreU.S. Gas, Power Utilities Join $100 Million Clean-Tech Effort

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Marathon Poised for $1.1 Billion Tax Refund From Coronavirus Aid

By Jennifer A. Dlouhy and David Wethe Aug 10, 2020 (Bloomberg) Marathon Petroleum Corp. is poised to claim a $1.1 billion tax refund due to the coronavirus stimulus law enacted in March. That measure included a tax provision that allows companies to immediately deduct net operating losses and apply them to previous returns for five years … Read moreMarathon Poised for $1.1 Billion Tax Refund From Coronavirus Aid

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Occidental Posts $6.6 Billion Charge After Oil Price Crash

By Kevin Crowley  Aug 11, 2020 (Bloomberg) Occidental Petroleum Corp. reported a $6.6 billion writedown in the second quarter, equivalent to more than 40% of its market value, as the collapse in energy prices took its toll on the debt-laden U.S. shale oil producer. More than two-thirds of the impairment was to account for the lower … Read moreOccidental Posts $6.6 Billion Charge After Oil Price Crash

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Infrastructure and Energy Alternatives, Inc. Announces Second Quarter 2020 Financial Results

August 10, 2020 | Source: Infrastructure and Energy Alternatives, Inc. INDIANAPOLIS, Aug. 10, 2020 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with renewable energy and specialty civil expertise, today announced its financial results for the quarter ended June 30, 2020. Quarter Highlights Revenue totaled $480.6 … Read moreInfrastructure and Energy Alternatives, Inc. Announces Second Quarter 2020 Financial Results

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Occidental Announces Second Quarter 2020 Results

August 10, 2020  | Source: Occidental HOUSTON, Aug. 10, 2020 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) today announced its second quarter 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 will hold … Read moreOccidental Announces Second Quarter 2020 Results

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Battalion Oil Corporation Announces Second Quarter 2020 Results

August 10, 2020 | Source: Battalion Oil Corporation HOUSTON, Aug. 10, 2020 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSEA: BATL, “Battalion” or the “Company”) today announced its second quarter 2020 results. Second Quarter Highlights Swift market reaction with no further capital required in 2020 to hold position; cut capital expenditures in Q2 2020 85% vs Q1 2020 … Read moreBattalion Oil Corporation Announces Second Quarter 2020 Results

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NCS Multistage Holdings, Inc. Announces Second Quarter 2020 Results

August 10, 2020 | Source: NCS Multistage Holdings, Inc. Second Quarter Results Total revenues of $8.7 million, a 78% year-over-year decrease Net loss of $(8.8) million and loss per diluted share of $(0.19) Adjusted EBITDA of $(7.9) million $31.3 million in cash on hand and $21.4 million of total debt as of June 30, 2020 Net cash … Read moreNCS Multistage Holdings, Inc. Announces Second Quarter 2020 Results

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CW Petroleum Corp (OTCQB: CWPE) Announces 2020 First Six-Months Revenue of $3.4 Million vs $2.8 Million in 2019 and Reports Increased First-Half 2020 Refined Product Sales Despite the Effects of COVID-19 and Low Crude Oil Prices

August 11, 2020  | Source: CW Petroleum Corp Katy, Texas, Aug. 11, 2020 (GLOBE NEWSWIRE) — CW Petroleum Corp (OTCQB: CWPE), announced today the company’s First Six-Months Revenue of $3.4 Million. The company’s First-Half 2020 deliveries of Refined Products have almost doubled over the same period last year in spite of the COVID-19 and lower Crude Oil … Read moreCW Petroleum Corp (OTCQB: CWPE) Announces 2020 First Six-Months Revenue of $3.4 Million vs $2.8 Million in 2019 and Reports Increased First-Half 2020 Refined Product Sales Despite the Effects of COVID-19 and Low Crude Oil Prices

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ENDS AUGUST 31st! DON’T WAIT! Save 20%, Get Extended Terms & Linkedin Images on ALL EnergyNow Marketing Plans – Details HERE

  Stay Visiable & Relevant with a Strong Digital Marketing Presence THE WORLD HAS CHANGED QUICKLY! In just a few months, a strong digital marketing presence just became your company’s most important, safe, reliable and consistent marketing tool. Expenses are being reduced but it is crucial some funds be available for an online presence.  With … Read moreENDS AUGUST 31st! DON’T WAIT! Save 20%, Get Extended Terms & Linkedin Images on ALL EnergyNow Marketing Plans – Details HERE

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Transforming Capital Projects Using Digital Technology – Geoffrey Cann

By Geoffrey Cann The oil and gas industry spends hundreds of billions each year on new capital projects. An effort by a group of international producers should eventually improve the efficiency of that spend. DIGITAL CAPITAL I was contacted recently by a trade association representing about 40% of the global production of oil and gas … Read moreTransforming Capital Projects Using Digital Technology – Geoffrey Cann

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U.S. natgas drops 5% after last week’s high prices boost output

Natural Gas

August 10, 2020 U.S. natural gas futures fell over 5% on Monday on forecasts for slightly lower demand over the next two weeks than previously expected and a slow increase in output after prices jumped to a seven-month high last week. Traders noted futures soared last week because the market was no longer concerned prices … Read moreU.S. natgas drops 5% after last week’s high prices boost output

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Oil Climbs With Saudi Aramco Seeing Demand Recovery Continuing

    By Elizabeth Low and Alex Longley  Aug 10, 2020 (Bloomberg) Oil snapped a two-day losing streak on growing signs that consumption in key regions is edging higher.Crude demand in Asia is almost back to pre-virus levels, Saudi Aramco Chief Executive Officer Amin Nasser said Sunday. Meanwhile, oil drilling in the U.S. fell to a … Read moreOil Climbs With Saudi Aramco Seeing Demand Recovery Continuing

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Norway’s Deep Cuts to Oil Loadings to Curb Atlantic Basin Crude

Offshore drilling

By Adeola Eribake and Sherry Su Aug 10, 2020 (Bloomberg) Norway may not officially be part of the OPEC+ alliance to curb oil supply in the face of the coronavirus pandemic, but next month it looks like the Scandinavian country will do its bit toward helping the producer alliance to avert a global glut of crude. … Read moreNorway’s Deep Cuts to Oil Loadings to Curb Atlantic Basin Crude

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U.S. Threat of ‘Crushing’ Gas Pipeline Measures Riles Berlin

By Birgit Jennen and Brian Parkin (Bloomberg) More evidence of U.S. intimidation designed to halt a gas pipeline linking Russia and Germany has provoked anger in Berlin and threatens to further sour already tense transatlantic relations. Three Republican Senators wrote this week to the operator of Mukran Port on Germany’s Baltic coast, warning of “crushing legal and economic” … Read moreU.S. Threat of ‘Crushing’ Gas Pipeline Measures Riles Berlin

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Equinor Appoints New CEO With Oil Giant Shifting Focus

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

By Mikael Holter and Lars Erik Taraldsen Aug 10, 2020 (Bloomberg) Equinor ASA appointed its head of technology and projects, Anders Opedal, to lead the company as Eldar Saetre retires after running the Norwegian state-controlled oil major for six years. Opedal, 52, will take over in November with a mandate to accelerate Equinor’s transformation into a … Read moreEquinor Appoints New CEO With Oil Giant Shifting Focus

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Saudi Arabia Turns Off America’s Oil Taps Again: Julian Lee

By Julian Lee (Bloomberg Opinion)  For the second time in three years, Saudi Arabia is slashing the volume of crude it’s sending to America in an attempt to force down stockpiles in the world’s most visible oil market and thereby hasten the rebalancing of supply and demand.Weekly U.S. oil inventory data — usually published on a Wednesday and covering the … Read moreSaudi Arabia Turns Off America’s Oil Taps Again: Julian Lee

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Harvest Oil & Gas Announces One-time $10.00 per Share Cash Distribution

August 07, 2020  | Source: Harvest Oil & Gas Corp. HOUSTON, Aug. 07, 2020 (GLOBE NEWSWIRE) — Harvest Oil & Gas Corp. (OTCQX: HRST) (“Harvest” or the “Company”) announced today that it has declared a one-time cash distribution of $10.00 per share. The Board of Directors of Harvest has approved a one-time cash distribution of $10.00 … Read moreHarvest Oil & Gas Announces One-time $10.00 per Share Cash Distribution

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Exterran Corporation Announces Second Quarter 2020 Results

August 10, 2020  | Source: Exterran Corporation Strong Operational Performance despite Challenging Environment Company to Exit the U.S. Compression Fabrication Business in the Fourth Quarter HOUSTON, Aug. 10, 2020 (GLOBE NEWSWIRE) — Exterran Corporation (NYSE: EXTN) (“Exterran” or the “Company”) today reported second quarter financial results. Andrew Way, Exterran’s President and Chief Executive Officer commented, “The second … Read moreExterran Corporation Announces Second Quarter 2020 Results

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Dakota Access Pipeline Staves Off Shutdown in Mixed Court Ruling

Gas Pipeline

By Rachel Adams-Heard and Ellen Gilmer (Bloomberg) The Dakota Access oil pipeline again staved off what would have been an unprecedented shutdown, with judges ruling that the Trump administration has to decide whether the conduit can operate while a more robust review is done.Judges said Wednesday that they expect the U.S. Army Corps of Engineers to … Read moreDakota Access Pipeline Staves Off Shutdown in Mixed Court Ruling

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Online Workshop: Learn how to reduce costs up to 25% on your projects by using modularization methods – DyCat Solutions

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Implementing modularization methods on your industrial projects will reduce capital costs up to 25%. DyCat Solutions offers series of online workshops to teach you how to implement modularization on your project! Online Training Courses: Industrial Modularization has been proven on a global basis to reduce capital costs up to 25% and provide cost and schedule … Read moreOnline Workshop: Learn how to reduce costs up to 25% on your projects by using modularization methods – DyCat Solutions

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CASE HISTORY: An Australian bitumen plant’s internal stainless-steel strainers quickly clog and were being discarded, costing the Company $1,200 per strainer – FQE Chemicals

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An Australian bitumen plant’s internal stainless-steel strainers quickly clog and were being discarded, costing the Company $1,200 per strainer. Utilizing a 50% solution of FQE® Solvent-ME at 90°C (194°F), they’re back to new condition. Because of this success, the client is now decontaminating all their strainers with FQE Solvent-ME. Strainer after being cleaned:   View All Technical … Read moreCASE HISTORY: An Australian bitumen plant’s internal stainless-steel strainers quickly clog and were being discarded, costing the Company $1,200 per strainer – FQE Chemicals

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

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

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Oil Drilling Drops to 15-Year Low With Shale in Full Retreat

By David Wethe Aug 8, 2020 (Bloomberg) Drillers cut exploration in U.S. oil fields to a 15-year low as billions of barrels from old discoveries became worthless and explorers abandoned growth plans.The number of active oil rigs in the U.S. fell by four to 176, the lowest since 2005, according to Baker Hughes Co. data released Friday. … Read moreOil Drilling Drops to 15-Year Low With Shale in Full Retreat

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U.S. oil & gas rig count falls to record low for 14th week -Baker Hughes

    Scott DiSavin Aug 7 (Reuters) – U.S. energy firms cut the number of oil and natural gas rigs this week to a record low for a 14th week even as higher oil prices prompt some producers to start drilling again. The U.S. oil and gas rig count, an early indicator of future output, … Read moreU.S. oil & gas rig count falls to record low for 14th week -Baker Hughes

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Have you taken the necessary precautions to ensure your people can safely return to work?

A strong Return to Work program goes beyond providing personal protective equipment and hand sanitizer. The pandemic has created non-traditional risks you must also protect against that could affect your employees, suppliers, insurance, regulatory compliance and data. To protect your people and your company, it is crucial to not only have Return to Work policies … Read moreHave you taken the necessary precautions to ensure your people can safely return to work?

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Iraq Commits to Deep Oil Cuts as OPEC+ Ramps Up Pressure

FILE PHOTO: Iraqi Oil Minister Jabar al-Luaibi speaks during a news conference in Basra, Iraq June 6, 2018. REUTERS/Essam Al-Sudani

By Khalid Al-Ansary and Javier Blas Aug 7, 2020 (Bloomberg) Iraq made its strongest commitment yet to implement deep cuts in crude production after the country’s oil minister and his Saudi counterpart held a phone call Thursday. OPEC’s second-biggest producer — and a long-time laggard in meeting oil-output quotas — has faced mounting pressure to boost … Read moreIraq Commits to Deep Oil Cuts as OPEC+ Ramps Up Pressure

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Oil Trades Below $42 With Tension Between U.S. and China Flaring

Aug 7, 2020 (Bloomberg) Oil in New York fell as U.S. President Donald Trump’s latest attack on Chinese tech companies stoked tensions between the two countries, weighing on risky assets. Futures traded below $42 a barrel as Trump signed executive orders prohibiting U.S. residents from doing business with WeChat, TikTok or the apps’ Chinese owners. The move pushed … Read moreOil Trades Below $42 With Tension Between U.S. and China Flaring

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Keystone XL Union Agreements Put Pressure on Pipeline Foe Biden

By Jennifer A. Dlouhy Aug 5, 2020 (Bloomberg) TC Energy Corp. has reached agreements with four labor unions to build the controversial Keystone XL oil pipeline — a move that could amplify political pressure on Joe Biden, who has threatened to rip up permits for the project even as he courts blue-collar workers.The labor agreements being announced Tuesday … Read moreKeystone XL Union Agreements Put Pressure on Pipeline Foe Biden

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Natural Gas Services Group, Inc. Announces Preliminary Second Quarter Reporting Date and Earnings Call

August 06, 2020 | Source: Natural Gas Services Group, Inc. Midland, TX, Aug. 06, 2020 (GLOBE NEWSWIRE) — Natural Gas Services Group, Inc. (NGS:NYSE), a leading provider of gas compression equipment and services to the energy industry, announced today that it has filed Form 12b-25 with the Securities and Exchange Commission in order to extend the due … Read moreNatural Gas Services Group, Inc. Announces Preliminary Second Quarter Reporting Date and Earnings Call

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RigNet Announces Second Quarter 2020 Earnings Results

August 06, 2020  | Source: RigNet, Inc. HOUSTON, Aug. 06, 2020 (GLOBE NEWSWIRE) — RigNet, Inc. (NASDAQ: RNET, the “Company”), a leading provider of ultra-secure, intelligent networking solutions and specialized applications, announced its results for the quarter ended June 30, 2020. Second quarter 2020 revenue of $53.4 million, net loss of $4.3 million or $0.21 per share Revenue decreased by … Read moreRigNet Announces Second Quarter 2020 Earnings Results

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Bonanza Creek Energy Announces Second Quarter 2020 Financial Results

August 06, 2020  | Source: Bonanza Creek Energy, Inc. DENVER, Aug. 06, 2020 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE: BCEI) (the “Company” or “Bonanza Creek”) today announced its second quarter 2020 financial results and operating outlook. The Company has also posted an updated investor presentation to its website. Highlights of the second quarter 2020 include: … Read moreBonanza Creek Energy Announces Second Quarter 2020 Financial Results

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VAALCO Energy, Inc. Announces Second Quarter 2020 Results

August 06, 2020  | Source: VAALCO Energy, Inc. HOUSTON, Aug. 06, 2020 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) today reported operational and financial results for the second quarter of 2020. Highlights and Recent Key Items: Exceeded production guidance for the quarter by producing 5,410 net revenue interest (“NRI”)(1) barrels of crude oil per … Read moreVAALCO Energy, Inc. Announces Second Quarter 2020 Results

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WATCH: Drillform’s Automated Floor Wrench is operating in the Permian, saving one operator time and costs while improving safety.

Bulldog 90 Automated Floor Wrench The BD90 Automated Floor Wrench removes personnel from the rotating zone and takes automation of the rig floor to the next level. Designed for seamless integration into existing rig systems, the BD90’s industry leading automation systems provides remote diagnostics capabilities, tracks and records data on each connection and facilitates predictive … Read moreWATCH: Drillform’s Automated Floor Wrench is operating in the Permian, saving one operator time and costs while improving safety.

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Affordable and accurate multiphase measurement: how M-Flow Technologies can unlock your wellhead value

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At M-Flow, we understand that the biggest priorities right now for oil and gas companies are to improve environmental impact while simultaneously reducing costs and increasing production, which is why we work closely with our customers to optimize their wellpads, allowing them to fully unlock their wellhead value. It’s been a rough ride for the … Read moreAffordable and accurate multiphase measurement: how M-Flow Technologies can unlock your wellhead value

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Automatically Detect and Remotely Confirm New Methane Leaks in Seconds with Continuous and Intelligent Thermal Gas Imaging

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  Unplanned methane emissions can occur at any time and between periodic ground and aerial surveys, leading to the event being missed by these methods. And when detected by standard non-visual sensors such as sniffers, lasers and computational pipeline monitoring, verification is only possible by dispatching personnel to the site – not only adding cost … Read moreAutomatically Detect and Remotely Confirm New Methane Leaks in Seconds with Continuous and Intelligent Thermal Gas Imaging

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The Value of Field Data: Enabling Agile & Meaningful Operational Decisions – Random Acronym

The oil and gas industry is operating in a time of unprecedented uncertainty. As the industry navigates their current challenges, they are looking to discover new ways to reduce drilling and completion costs. In this new economic landscape, saving every penny through the supply chain during a hydraulic fracturing operation is crucial. A necessary piece … Read moreThe Value of Field Data: Enabling Agile & Meaningful Operational Decisions – Random Acronym

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BP poised to sell ‘stranded assets’ even if oil prices rally

August 6, 2020 Reuters BP is preparing to sell a large chunk of its oil and gas assets even if crude prices bounce back from the COVID-19 crash because it wants to invest more in renewable energy, three sources familiar with BP’s thinking said.The strategy was discussed at a BP executives meeting in July, the sources … Read moreBP poised to sell ‘stranded assets’ even if oil prices rally

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It’s 2020 and it’s time to TARGET your company’s fugitive emissions…..

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As the large provider of OGI LDAR in Canada/USA – Target Emission Services (a division of Montrose Environmental Group) we have summarized our 2020 early activity and provided learnings from our 2,650 LDAR surveys performed across 6 provinces and 21 companies (Jan 1st – April 30th) Survey Learnings Experienced staff and a well-planned FEMP can … Read moreIt’s 2020 and it’s time to TARGET your company’s fugitive emissions…..

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Facebook Expanding Renewables Footprint With Big Solar, Wind Buy

By Brian Eckhouse Aug 6, 2020 (Bloomberg) Facebook Inc. is buying a huge amount of clean power across the U.S. and Ireland to support its operations. The social-media giant — already one of the world’s biggest corporate consumers of renewable energy — signed contracts to buy 806 megawatts of additional solar and wind power, the company … Read moreFacebook Expanding Renewables Footprint With Big Solar, Wind Buy

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Oil Trades Near Five-Month High, Fluctuating With the Dollar

By Saket Sundria and Alex Longley Aug 6, 2020 (Bloomberg) Oil held near a five-month high in New York, fluctuating with other risk assets, as Iraq promised extra output cuts this month and investors looked for clear signs about a sustained recovery in demand. Futures closed at the highest level since early March on Wednesday after … Read moreOil Trades Near Five-Month High, Fluctuating With the Dollar

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Exxon Says 20% of Oil, Gas Reserves Threatened by Low Prices

By Kevin Crowley and Joe Carroll Aug 6, 2020 (Bloomberg) Exxon Mobil Corp. warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books. If depressed prices persist for the rest of the year, “certain quantities of crude oil, bitumen and natural gas will not qualify … Read moreExxon Says 20% of Oil, Gas Reserves Threatened by Low Prices

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Profire Energy Reports Financial Results for Second Quarter 2020

August 05, 2020  | Source: Profire Energy, Inc. LINDON, Utah, Aug. 05, 2020 (GLOBE NEWSWIRE) — Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the “Company”) which creates, installs and services burner management solutions in the oil and gas industry, today reported financial results for its second quarter ending June 30, 2020. A conference call will … Read moreProfire Energy Reports Financial Results for Second Quarter 2020

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COMSTOCK RESOURCES, INC. REPORTS SECOND QUARTER 2020 FINANCIAL AND OPERATING RESULTS

August 05, 2020 | Source: Comstock Resources, Inc. FRISCO,TX, Aug. 05, 2020 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) today reported financial and operating results for the quarter ended June 30, 2020. Financial Results for the Three Months Ended June 30, 2020 For the second quarter of 2020, Comstock reported net … Read moreCOMSTOCK RESOURCES, INC. REPORTS SECOND QUARTER 2020 FINANCIAL AND OPERATING RESULTS

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Laredo Petroleum Announces Second-Quarter 2020 Financial and Operating Results

August 05, 2020 | Source: Laredo Petroleum, Inc. TULSA, OK, Aug. 05, 2020 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or “the Company”) today announced its second-quarter 2020 results. For the second quarter of 2020, the Company reported a net loss attributable to common stockholders of $545.5 million, or $46.75 per diluted share. Adjusted Net … Read moreLaredo Petroleum Announces Second-Quarter 2020 Financial and Operating Results

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PDC Energy Announces 2020 Second Quarter Results and Provides Significantly Improved 2020 Full-Year Guidance

August 05, 2020  | Source: PDC Energy, Inc. DENVER, Aug. 05, 2020 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) today announced its 2020 second quarter operating and financial results.  The Company also updated its 2020 guidance including a substantial increase to its projected free cash flow, a non-U.S. GAAP metric defined below, a … Read morePDC Energy Announces 2020 Second Quarter Results and Provides Significantly Improved 2020 Full-Year Guidance

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Vantage Drilling International Reports Second Quarter Results for 2020

August 06, 2020 | Source: Vantage Drilling International HOUSTON, Aug. 06, 2020 (GLOBE NEWSWIRE) — Vantage Drilling International (“Vantage” or the “Company”) reported a net loss attributable to controlling interest of approximately $31.9 million or $2.43 per diluted share for the three months ended June 30, 2020, based on the weighted average shares outstanding after the conversion of … Read moreVantage Drilling International Reports Second Quarter Results for 2020

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Targa Resources Corp. Reports Second Quarter 2020 Financial Results

Targa Resources

August 06, 2020  | Source: Targa Resources Corp. HOUSTON, Aug. 06, 2020 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“TRC”, the “Company” or “Targa”) today reported second quarter 2020 results. Second Quarter 2020 Financial Results Second quarter 2020 net income (loss) attributable to Targa Resources Corp. was $81.0 million compared to a net loss of … Read moreTarga Resources Corp. Reports Second Quarter 2020 Financial Results

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Rattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Reports Second Quarter 2020 Financial and Operating Results

August 05, 2020 16:01 ET | Source: Rattler Midstream LP MIDLAND, Texas, Aug. 05, 2020 (GLOBE NEWSWIRE) — Rattler Midstream LP (NASDAQ: RTLR) (“Rattler” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced financial and operating results for the second quarter ended June 30, 2020. SECOND QUARTER 2020 HIGHLIGHTS Q2 2020 consolidated net income … Read moreRattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Reports Second Quarter 2020 Financial and Operating Results

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DCP Midstream Reports Strong Second Quarter and First Half Results, and Reissues Original 2020 Financial Guidance

August 05, 2020 | Source: DCP Midstream LP DENVER, Aug. 05, 2020 (GLOBE NEWSWIRE) — Today, DCP Midstream, LP (NYSE: DCP) reported its financial results for the three and six months ended June 30, 2020. HIGHLIGHTS For the respective three and six months ended June 30, 2020, DCP generated net income (loss) attributable to partners of $47 million and … Read moreDCP Midstream Reports Strong Second Quarter and First Half Results, and Reissues Original 2020 Financial Guidance

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Permian Shale Chiefs Signal Growth Is Over, at Least for Now

By Rachel Adams-Heard and Kevin Crowley  Aug 5, 2020 (Bloomberg) America’s most prolific shale drillers are accepting a fate once anathema to an industry obsessed with growth: Drilling just to ward off production drops.The pandemic and subsequent plunge in crude prices has forced U.S. crude explorers to scrap plans to expand supplies amid investor skepticism toward … Read morePermian Shale Chiefs Signal Growth Is Over, at Least for Now

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Keystone XL announces project labor agreement with four U.S. unions

August 5, 2020 Globe Newswire Creates Multi-Million Dollar Training Program for Renewable Energy Sector HOUSTON – Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced today that Keystone XL has reached a project labor agreement (PLA) with four leading U.S. labor unions that will inject hundreds of millions of dollars in middle-class wages … Read moreKeystone XL announces project labor agreement with four U.S. unions

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OIL PRICES: Brent Oil Tops $46 on Sliding U.S. Stockpiles, Technical Breaks

By Alex Longley Aug 5, 2020 (Bloomberg) Oil jumped to a five-month high in London, topping $46 a barrel after U.S. industry data showed a decline in the nation’s stockpiles and the dollar fell. Brent futures gained for a fourth day, rising as much as 4.1% to the highest price since the beginning of March. The … Read moreOIL PRICES: Brent Oil Tops $46 on Sliding U.S. Stockpiles, Technical Breaks

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Wilks Brothers Swoop In With Competing Offer for Calfrac

Drilling Rig pipes

By Paula Sambo Aug 4, 2020 (Bloomberg) Wilks Brothers LLC has made a competing proposal to recapitalize struggling energy company Calfrac Well Services Ltd. and criticized management’s deal as favoring insiders. The offer, which seeks to displace the company’s restructuring plan announced in July, would significantly deleverage Calfrac and provide a better recovery to stakeholders, Wilks … Read moreWilks Brothers Swoop In With Competing Offer for Calfrac

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Amplify Energy Announces Second Quarter 2020 Results and Liquidity Enhancement Initiatives Update

August 05, 2020 | Source: Amplify Energy Corp. HOUSTON, Aug. 05, 2020 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today its operating and financial results for the second quarter of 2020 and provided an update regarding its liquidity enhancement initiatives announced in the first quarter of 2020 earnings press release. … Read moreAmplify Energy Announces Second Quarter 2020 Results and Liquidity Enhancement Initiatives Update

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Infrastructure and Energy Alternatives, Inc. Awarded $77 Million Solar Contract in Texas

  August 05, 2020| Source: Infrastructure and Energy Alternatives, Inc. INDIANAPOLIS, Aug. 05, 2020 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with renewable energy and specialty civil expertise, today announced that the Company has begun construction on a solar farm in Texas. The $77 … Read moreInfrastructure and Energy Alternatives, Inc. Awarded $77 Million Solar Contract in Texas

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BP Thinks It Knows More Than You About Clean Fuel: Chris Hughes

BP Gas Station

By Chris Hughes (Bloomberg Opinion) The market was surprised when BP Plc didn’t cut the dividend in April in response to the worsening pandemic. Now that the U.K. oil major has brought the payout down by 50%, one element of the hesitation is clear: BP wants the cut to be understood as the cornerstone of a new financial strategy and not … Read moreBP Thinks It Knows More Than You About Clean Fuel: Chris Hughes

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Occidental Restores Employees’ Pay, Lifts Executive Salary Cap

By Kevin Crowley (Bloomberg)  Occidental Petroleum Corp. has restored employee pay cuts imposed after oil prices tumbled and doubled the salary cap for executives to $500,000 a year.The move, announced in a July 31 regulatory filing, may make it harder for the energy explorer to repay its debts. Rank-and-file employees had their pay restored as … Read moreOccidental Restores Employees’ Pay, Lifts Executive Salary Cap

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7-Eleven Deal Shows Virus-Era Appeal of Gas-Station Beer, Snacks

By David Wethe  Aug 4, 2020 (Bloomberg) This year’s biggest energy deal is more about alcohol and cigarettes than gasoline.7-Eleven owner Seven & i Holdings Co. is spending $21 billion to buy about 4,000 gas stations in the U.S. from Marathon Petroleum Corp., the latest in a long line of oil refiners exiting their retail networks. … Read more7-Eleven Deal Shows Virus-Era Appeal of Gas-Station Beer, Snacks

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WATCH: “How to Pay For It?” Free up Funds to Fuel Your Digital Transformation – Recorded Joint Webinar by Rimini Street and EnergyNow

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During times of continual industry volatility and market shifts, digital transformation programs that drive competitive advantage and growth can deliver a sustainable competitive edge for Energy and Utilities organizations. However, the multi-million-dollar boardroom question that C-level executives are often left to address remains: “how are we going to pay for this?” with ongoing operations consuming … Read moreWATCH: “How to Pay For It?” Free up Funds to Fuel Your Digital Transformation – Recorded Joint Webinar by Rimini Street and EnergyNow

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An Amine Unit Case Study: The High Costs of Inconsistent PHAs

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Process Hazards Analysis (PHA) studies (including HAZOP, What-if?, HAZID, and more) are easily subjective. This leads to multiple inconsistencies that have major safety and cost implications. We know how important it is to ensure complete risk discovery for safer, smarter operations, but also equally important is having consistency in the analysis of consequence severities and likelihoods. In the … Read moreAn Amine Unit Case Study: The High Costs of Inconsistent PHAs

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Above-Ground Inspection Used in Facilities for Effective Risk Identification and Prioritization – Xylem

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Leading chemical producer proactively inspects in-plant buried pipelines to ensure safe transport of hazardous products. Project Summary Assessed over 70,000 feet of in-plant buried pipeline Spectrum XLI completed 8 separate above ground surveys in single pass over the pipeline, providing clear correlation of all survey results Effectively prioritized anomalies within the pipeline system to inform … Read moreAbove-Ground Inspection Used in Facilities for Effective Risk Identification and Prioritization – Xylem

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Medium Voltage Adjustable Speed Drives: Power Factor and Motor Control

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There has been a significant evolution in power semiconductor devices from small, low power devices to very high capacity devices. As a result, multi-megawatt range adjustable speed drive (ASD) systems are increasingly being used not only in the global cement industry but others such as oil & gas, mining, water/wastewater, and power generation. In a … Read moreMedium Voltage Adjustable Speed Drives: Power Factor and Motor Control

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4 Tips for Accurate Emission Reporting

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How is your company responding to recent changes in the provincial measurement and reporting directives? Maybe you have identified gaps in your reporting? As we all navigate the requirements, we thought it would be useful to share these 4 tips from our experts to achieve accurate emission data and ensure reliable reporting in compliance with the … Read more4 Tips for Accurate Emission Reporting

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Osperity’s OMNI is an affordable all-in-one hardware and AI-driven video analytics solution that helps companies in the energy industry manage their sites & assets remotely, safely and more efficiently

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Remote and distributed locations are costly to monitor and time consuming. Osperity removes these challenges by enabling organizations to visually inspect and monitor their remote locations from anywhere with any connected device. Capitalize on improved productivity, lower costs and reduced risk to employees and assets, with instant access to events or activities of interest, for … Read moreOsperity’s OMNI is an affordable all-in-one hardware and AI-driven video analytics solution that helps companies in the energy industry manage their sites & assets remotely, safely and more efficiently

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Boilermakers Local 92 Changes Training Processes to Meet Labor Demand

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Boilermakers Local 92 in Bloomington, California, is experiencing significant growth in labor demand, caused in part by a recent state law that impacts refinery jobs. The law requires that 60 percent of the skilled workers employed by contractors at refineries and chemical manufacturing facilities be graduates of state-approved apprenticeship programs. This increase in demand for … Read moreBoilermakers Local 92 Changes Training Processes to Meet Labor Demand

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IUT: Very Low Sulphur Fuel Oil and upgrading process meets today’s demands and prepares for (transitional) fuels of the future

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When University of Calgary (U of C) Prof. Pedro Pereira-Almao was developing his revolutionary in-situ upgrading (ISU) technology, he probably had no idea a version of this technology would one day be used to extract sulphur from pyrolysis oil, generated from used tires. But that is exactly what is happening, as a Calgary-based technology company … Read moreIUT: Very Low Sulphur Fuel Oil and upgrading process meets today’s demands and prepares for (transitional) fuels of the future

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Innovative Maintenance Practices: Predictive Maintenance and leveraging the Internet of Things

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While the Internet of Things (IoT) is a relatively recent new term buzzing around organizations across the globe, IoT has actually been with us for well over a decade. The concept of connecting your assets to the network in order to monitor their condition with analytic software applications is not new, but it has been … Read moreInnovative Maintenance Practices: Predictive Maintenance and leveraging the Internet of Things

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Module Assembly and cost-effectiveness – Gemini Fabrication

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“A team you can count on. A product you can trust.” “Bringing projects to life and on time.” Gemini’s 56-acre facility specializes in modular assembly we are capable of simultaneously working on 50+ modules at any given time. Our experience, attention to detail and commitment to quality allows us to offer a superior QMS system … Read moreModule Assembly and cost-effectiveness – Gemini Fabrication

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Eliminating Gas Pneumatics Venting: How EPODs Are Leading the Charge

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With the spotlight on Environmental, Social and Governance (ESG), elimination of methane venting from fuel gas pneumatics is the low hanging fruit for energy producers worldwide. As the practice has been prevalent in the industry for decades, oil and gas companies are trying to answer two questions: How do we modify our legacy well sites … Read moreEliminating Gas Pneumatics Venting: How EPODs Are Leading the Charge

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Powdered emulsifier delivers easier handling, improved stability, and major cost savings in non-aqueous drilling fluid systems.

The long, sub-zero cold stretches during this past drilling season underlined one of the primary problems with liquid emulsifiers for non-aqueous (OBM) drilling fluid systems – when the weather is cold, liquid emulsifiers simply won’t pour. Sure, you can utilize drum heating and handling equipment, but why would you go to that trouble when Polvo … Read morePowdered emulsifier delivers easier handling, improved stability, and major cost savings in non-aqueous drilling fluid systems.

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Devon Energy provides Barnett update, announces special dividend and outlines next steps in cost-reduction plan

August 4, 2020 Globe Newswire KEY HIGHLIGHTS Accelerating Barnett Shale closing to Oct. 1, 2020, from previously scheduled date of Dec. 31, 2020 Board of directors declares a $100 million special dividend in conjunction with Barnett closing Expect to achieve $300 million of sustainable cash cost savings by year-end Plan to use cash on hand to … Read moreDevon Energy provides Barnett update, announces special dividend and outlines next steps in cost-reduction plan

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OPEC Raised Supply Last Month as Gulf Nations Ended Extra Cuts

By Grant Smith and Julian Lee Aug 3, 2020 (Bloomberg)OPEC’s crude production rose last month as Persian Gulf members phased out extra supply cutbacks, but the cartel largely persevered with its strategy to revive the global oil industry. Saudi Arabia, the United Arab Emirates and Kuwait restored the additional output taken offline in June, when … Read moreOPEC Raised Supply Last Month as Gulf Nations Ended Extra Cuts

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Oil Falls Near $40 With OPEC+ Supply Offsetting Economic Gains

By Saket Sundria and Alex Longley  Aug 4, 2020 (Bloomberg) Oil dropped toward $40 a barrel in New York after the biggest gain in two weeks as investors weighed additional OPEC+ supply hitting the market against signs of a recovery in major economies. OPEC’s crude output rose last month, led by Saudi Arabia, ahead of the group and … Read moreOil Falls Near $40 With OPEC+ Supply Offsetting Economic Gains

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Range Announces Second Quarter 2020 Financial Results & North Louisiana Asset Sale

August 03, 2020 | Source: Range Resources Corporation FORT WORTH, Texas, Aug. 03, 2020 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its second quarter 2020 financial results. Second Quarter Highlights – Well costs averaged less than $600 per lateral foot, including facility costs, the lowest in Appalachia Transportation, gathering, processing and compression expense improved $0.15 per … Read moreRange Announces Second Quarter 2020 Financial Results & North Louisiana Asset Sale

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CVR Energy Reports Second Quarter 2020 Results

August 03, 2020  | Source: CVR Energy, Inc. SUGAR LAND, Texas, Aug. 03, 2020 (GLOBE NEWSWIRE) — CVR Energy, Inc. (“CVR Energy”) (NYSE: CVI) today announced a net loss of $5 million, or 5 cents per diluted share, inclusive of a $41 million pre-tax charge related to a goodwill impairment recognized within its Nitrogen Fertilizer Segment, on … Read moreCVR Energy Reports Second Quarter 2020 Results

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Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Reports Second Quarter 2020 Financial and Operating Results

August 03, 2020 | Source: Viper Energy Partners LP MIDLAND, Texas, Aug. 03, 2020 (GLOBE NEWSWIRE) — Viper Energy Partners LP (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced financial and operating results for the second quarter ended June 30, 2020. SECOND QUARTER HIGHLIGHTS Q2 2020 consolidated net loss (including … Read moreViper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Reports Second Quarter 2020 Financial and Operating Results

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Diamondback Energy, Inc. Announces Second Quarter 2020 Financial and Operating Results

August 03, 2020  | Source: Diamondback Energy, Inc. MIDLAND, Texas, Aug. 03, 2020 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the second quarter ended June 30, 2020. SECOND QUARTER 2020 HIGHLIGHTS Generated second quarter cash flow from operating activities of $324 million. Operating Cash Flow … Read moreDiamondback Energy, Inc. Announces Second Quarter 2020 Financial and Operating Results

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Centennial Resource Development Announces Second Quarter 2020 Results and Issues 2020 Guidance

August 03, 2020  | Source: Centennial Resource Development DENVER, Aug. 03, 2020 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced second quarter 2020 financial and operational results and issued 2020 operational plans and targets. Recent Financial and Operational Highlights Reduced capital expenditures by 84% from the first quarter 2020 … Read moreCentennial Resource Development Announces Second Quarter 2020 Results and Issues 2020 Guidance

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Frank’s International N.V. Announces Second Quarter 2020 Results

August 04, 2020 | Source: Frank’s International N.V. HOUSTON, Aug. 04, 2020 (GLOBE NEWSWIRE) — Frank’s International N.V. (NYSE: FI) (the “Company” or “Frank’s”) today reported financial and operational results for the three and six months ended June 30, 2020. Second Quarter 2020 Financial Highlights Second quarter net loss of $34.2 million improved over prior period resulting … Read moreFrank’s International N.V. Announces Second Quarter 2020 Results

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Technical Brief: How a Magnetic Separator Can Reduce Single-Use Filter Costs – Black Powder Solutions

Operators working with hydrocarbon gas and liquids, refined products, water and process fluids are continuously managing particulate contamination. These fluids and gasses, along with the facilities that process, utilize, transport and store them, are all subject to contamination from solids, liquids, gasses and other molecular compounds. Contamination can be introduced to a system or generated … Read moreTechnical Brief: How a Magnetic Separator Can Reduce Single-Use Filter Costs – Black Powder Solutions

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CASE STUDY: Elastec Skimmers Used to Recycle Frac Water

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Problem: Remote fracturing operation didn’t want the expense of ordering water multiple times from far away and didn’t have the space to properly dispose and clean of a high volume of used frac water. Solution: Elastec Skimmer was used to recover oil from the water and recycle the water for multiple uses. Keeping oil fields … Read moreCASE STUDY: Elastec Skimmers Used to Recycle Frac Water

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Commentary: Let’s Hire Laid-Off Oil and Gas Workers to Fight Climate Change – Michael R. Bloomberg

By Michael R. Bloomberg Aug 3, 2020 (Bloomberg Opinion)As Congress debates how to address the economic calamity we are facing, we have an unprecedented opportunity to put people to work addressing the climate crisis — and we should start by hiring laid-off oil and gas workers to help lead the way.The fact is, the U.S. … Read moreCommentary: Let’s Hire Laid-Off Oil and Gas Workers to Fight Climate Change – Michael R. Bloomberg

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COMMENTARY: Think Big Oil Makes Its Cash Pumping Crude? Not Anymore

Trading profits saved Europe’s oil majors from the full impact of the pandemic. But they shouldn’t get too comfortable with this safety net.  By Julian Lee Julian Lee is an oil strategist for Bloomberg First Word. Previously he worked as a senior analyst at the Centre for Global Energy Studies. Trading profits won’t rescue oil … Read moreCOMMENTARY: Think Big Oil Makes Its Cash Pumping Crude? Not Anymore

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Oil Near $40 With OPEC+ Starting to Unwind Production Cuts

By Alex Longley  Aug 3, 2020 (Bloomberg) Oil was steady near $40 a barrel as OPEC+ producers started supplying more crude to a global market where many countries are still struggling to contain the coronavirus.The Organization of Petroleum Exporting Countries and its allies will pump about 1.5 million barrels a day more this month than in … Read moreOil Near $40 With OPEC+ Starting to Unwind Production Cuts

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Renewed Urgency in Oil & Gas for Digital Transformation – Thynkli

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How Oil & Gas companies can build resiliency and lead the path towards a sustainable future Executive Summary This Whitepaper discusses: Future of Oil & Gas; Cost Optimization, Decarbonization Digital Investment pillars Navigating regulatory compliance Upskilling in an inclusive agile culture Digital is the path to Operational Excellence Thynkli’s Digital Centre for Operational Excellence in … Read moreRenewed Urgency in Oil & Gas for Digital Transformation – Thynkli

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Raise Production Inc. Reveals Distinctive Approach to Optimizing Horizontal Wellbores

Raise Production Inc (RPI) takes a unique approach to maximizing productivity from the modern horizontal wellbore using a combination of well-specific flow regime understanding, a high angle/high efficiency reciprocating pump, and Horizontal Wellbore Separation and Flow Conditioning technology. Combined with our innovative products, our technical engineering team provides our customer base Artificial Lift evaluations and solutions … Read moreRaise Production Inc. Reveals Distinctive Approach to Optimizing Horizontal Wellbores

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Industrial Contact Tracing for COVID – 19

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  Protecting the safety of your teams and worksite is a top priority. That’s why it is essential to use industry-leading connected safety technology to help safeguard your employees and businesses through automated industrial contact tracing.  Using a combination of Blackline Safety’s intrinsically safe G7 safety wearables  and their Loner Mobile smartphone app, employee location data streams to the Blackline Safety Cloud and … Read moreIndustrial Contact Tracing for COVID – 19

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Improving the worker health and productivity utilizing offsite modularization methods for heavy industrial projects

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COVID-19 has had a major impact on all industries including the heavy industrial construction sector. Some suggest the global economy is expected to make a slow comeback in the next 12 months, however; during these times, industrial projects have been delayed or cancelled due to the uncertainty of the virus. Some of the uncertainty owners … Read moreImproving the worker health and productivity utilizing offsite modularization methods for heavy industrial projects

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Dominion Names Robert Blue CEO to Lead Utility in Shift Away From Gas

By Gerson Freitas Jr. Jul 31, 2020 (Bloomberg) Dominion Energy Inc. is getting a new CEO to lead the second-biggest U.S. power company through its shift away from natural gas.Robert M. Blue, co-chief operating officer, will be promoted to president and chief executive officer on Oct. 1, according to a statement Friday. Thomas F. Farrell II, chairman, president … Read moreDominion Names Robert Blue CEO to Lead Utility in Shift Away From Gas

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Florida Offers Pipeline Clue in Mystery of Giant Methane Leak

(Bloomberg) The mystery over the origin of a giant cloud of methane that hung over Florida in early May may have been solved. The state’s Department of Environmental Protection said Friday that methane was “vented” during the intentional emergency shutdown of a natural gas compression facility on May 2. The details dovetail with a methane cloud … Read moreFlorida Offers Pipeline Clue in Mystery of Giant Methane Leak

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Marathon Petroleum Won’t Restart Two Idled Oil Refineries

 Aug 1, 2020 (Bloomberg)Marathon Petroleum Corp, the largest U.S. independent oil refiner, said it won’t restart two refineries in California and New Mexico amid concerns that demand for fuels is unlikely to return to pre-pandemic levels this year. Marathon said in a statement it will convert its 166,000 barrel-a-day Martinez, California, refinery near San Francisco into a … Read moreMarathon Petroleum Won’t Restart Two Idled Oil Refineries

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Russia Slightly Raised July Oil Output Ahead of OPEC+ Easing

By Olga Tanas Aug 1, 2020, 11:48 PM – Updated on Aug 2, 2020, 9:54 AM Word Count: 301 (Bloomberg) —Russia slightly increased its oil production in July, ahead of OPEC+ plans to start easing record supply cuts starting this month. The nation’s producers pumped 39.63 million tons of crude and condensate last month, according to … Read moreRussia Slightly Raised July Oil Output Ahead of OPEC+ Easing

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Oil Crisis Presents BP’s New CEO With a Chance to Change

By Laura Hurst  Aug 2, 2020 (Bloomberg) As Bernard Looney took to the stage in London in February to announce his plan to transform BP Plc for a low-carbon future, the U.K. capital confirmed its first case of Covid-19. The oil giant’s chief executive officer couldn’t have known how the virus would shake the foundations of … Read moreOil Crisis Presents BP’s New CEO With a Chance to Change

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7-Eleven Owner to Buy Marathon’s Speedway for $21 Billion

Marathon Petroleum Corp. Gas Station

By David Wethe and Lisa Du Aug 2, 2020 (Bloomberg) Seven & i Holdings Co., the world’s largest convenience store franchiser, agreed to buy Marathon Petroleum Corp.’s Speedway gas stations for $21 billion, betting that an expanded U.S. footprint will deliver growth amid the uncertainty of the pandemic.The transaction, to be paid in cash and partly … Read more7-Eleven Owner to Buy Marathon’s Speedway for $21 Billion

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OPEC and Allies Prepare to Pump More Oil Just as Market Recovery Teeters

By Grant Smith Jul 30, 2020 (Bloomberg) From quiet skies over Europe to sparse traffic in America’s biggest cities, a recovery in global oil demand is faltering amid the resurgence in coronavirus.That poses a particularly delicate challenge for the OPEC cartel and its partners, who next week plan to resume some of the crude output halted during the … Read moreOPEC and Allies Prepare to Pump More Oil Just as Market Recovery Teeters

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U.S. oil & gas rig count holds steady at record low -Baker Hughes

Scott DiSavino July 31 (Reuters) – U.S. energy firms kept the number of oil and natural gas rigs unchanged at a record low as the rig count fell for a fifth straight month, although July marked the smallest monthly decline due to a recovery in prices. The rig count, an early indicator of future output, … Read moreU.S. oil & gas rig count holds steady at record low -Baker Hughes

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Chevron Posts Worst Loss in Decades With More Pain to Come

By Kevin Crowley Jul 31, 2020 (Bloomberg) U.S. oil giant Chevron Corp. posted its worst quarterly loss in at least three decades and warned that the global pandemic wreaking havoc upon energy markets may continue to drag on earnings.Chevron fully erased the value of its Venezuela operations from its books, amounting to $2.6 billion, after they … Read moreChevron Posts Worst Loss in Decades With More Pain to Come

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Archrock Reports Second Quarter 2020 Results

July 30, 2020  | Source: Archrock HOUSTON, July 30, 2020 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock”) today reported results for the second quarter of 2020. Second Quarter 2020 Financial Results Revenue for the second quarter of 2020 was $220.3 million compared to $238.4 million in the second quarter of 2019. Net loss for the … Read moreArchrock Reports Second Quarter 2020 Results

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Denbury Resources Commences Next Step to Implement Pre-Packaged Plan to Strengthen Its Balance Sheet and Reduce Deb

July 30, 2020  | Source: Denbury Resources Inc. Files Voluntary Petitions for Reorganization Under Chapter 11 Continuing Normal Course Operations Through Court-Supervised Process PLANO, Texas, July 30, 2020 (GLOBE NEWSWIRE) — Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced it has taken the next step to implement its “pre-packaged” plan to eliminate the Company’s … Read moreDenbury Resources Commences Next Step to Implement Pre-Packaged Plan to Strengthen Its Balance Sheet and Reduce Deb

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Oil Posts Monthly Gain Supported by OPEC Cuts and Weak Dollar

By Andres Guerra Luz  Jul 31, 2020 (Bloomberg) Oil posted a gain in July, boosted by a steadily weakening dollar and OPEC’s restraint on production.Deep crude output curbs by the Organization of Petroleum Exporting Countries and its allies have helped futures rebound from their plunge below zero in April, yet the unprecedented cuts are set to … Read moreOil Posts Monthly Gain Supported by OPEC Cuts and Weak Dollar

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Exxon Tears Up Growth Plan in Attempt to Defend Its Dividend

By Kevin Crowley Jul 31, 2020 (Bloomberg) Exxon Mobil Corp. is ripping up its debt-fueled, $30 billion-a-year plan to rebuild an aging worldwide portfolio after cash flow evaporated and threatened the company’s vaunted dividend. The shift by the Western world’s premier oil explorer represents an about-face after more than two years of doing pretty much the … Read moreExxon Tears Up Growth Plan in Attempt to Defend Its Dividend

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Hydrogen’s Future May Follow Path Blazed by Natural Gas

By Anna Shiryaevskaya Jul 30, 2020 (Bloomberg) For a glimpse into the future of a hydrogen-fueled world, look no further than natural gas and the technology that rapidly transformed it into a global commodity.Following natural gas’s lead, Japan is preparing to trial imports from Australia of super-chilled liquid hydrogen. German energy utility RWE AG is promoting … Read moreHydrogen’s Future May Follow Path Blazed by Natural Gas

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WEBINAR: Pump Technology | Self-Priming vs Submersible – August 6, 2020 by John Brooks

Topic: Pump Technology | Self-Priming vs Submersible When: Thursday August 6th, 2020 02:00 PM Eastern Time (US and Canada) Register: Click HERE to register in advance for this webinar Meet the Speaker: Stefan Fediw, P.Eng. Technical Sales Representative | Pumps & Engineered Systems @John Brooks Company Limited Stefan Fediw has been in the fluid transfer … Read moreWEBINAR: Pump Technology | Self-Priming vs Submersible – August 6, 2020 by John Brooks

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ExxonMobil reports results for second quarter 2020

July 31, 2020Business Wire Global oversupply and COVID-related demand impacts drive second quarter loss of $1.1 billion On track to meet or exceed 2020 capital and cash operating spend reduction targets Supporting COVID-19 response by reconfiguring operations to increase production of hand sanitizer and raw materials for protective equipment for first responders IRVING, Texas – Exxon … Read moreExxonMobil reports results for second quarter 2020

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Chevron announces second quarter 2020 results

July 31, 2020 Business Wire Capital and operating cost reductions on track Second quarter loss of $8.3 billion; adjusted loss of $3.0 billion Includes non-cash net charges of $5.2 billion and a $310 million asset sale gain Enters agreement to acquire Noble Energy SAN RAMON, Calif. – Chevron Corporation (NYSE: CVX) today reported a loss of … Read moreChevron announces second quarter 2020 results

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Oil Ends July With a Gain Before OPEC+ Starts Opening the Taps

By Alex Longley  Jul 31, 2020 (Bloomberg) Oil is set to end July with a gain in New York ahead of OPEC+ plans to return supply to the market after the group’s historic output cuts, while the coronavirus pandemic continued to spread across many major economies. Futures reversed Thursday’s decline to trade above $40 a barrel. … Read moreOil Ends July With a Gain Before OPEC+ Starts Opening the Taps

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Mammoth Energy Services, Inc. Announces Second Quarter 2020 Operational and Financial Results

July 30, 2020  | Source: Mammoth Energy Services, Inc. OKLAHOMA CITY, July 30, 2020 (GLOBE NEWSWIRE) — Mammoth Energy Services, Inc. (“Mammoth” or the “Company”) (NASDAQ: TUSK) today reported financial and operational results for the second quarter ended June 30, 2020. Financial Highlights for the Second Quarter 2020: Total revenue was $60.1 million for the three months … Read moreMammoth Energy Services, Inc. Announces Second Quarter 2020 Operational and Financial Results

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Dril-Quip, Inc. Announces Second Quarter 2020 Results

July 30, 2020| Source: Dril-Quip, Inc. HOUSTON, July 30, 2020 (GLOBE NEWSWIRE) — Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) today reported operational and financial results for the second quarter of 2020. Key highlights for the second quarter of 2020 included: Generated $90.4 million of revenue on lower product volumes and leasing revenues, reflecting the … Read moreDril-Quip, Inc. Announces Second Quarter 2020 Results

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LAST DAY TO SUBMIT: INNOVATION WEEK – August 3-7, 2020: SHOWCASE Your Company Product/Service for FREE – Details HERE

EnergyNow’s Innovation Week is your opportunity to submit an Article or Case Study/Technical Paper to EnergyNow to SHOWCASE your company’s product/service for FREE!  There are limited spots available so please take advantage of this opportunity to showcase your company to the EnergyNow audience. SHOWCASE any type of Energy Innovation including: Oil & Gas Solar/Wind Geothermal … Read moreLAST DAY TO SUBMIT: INNOVATION WEEK – August 3-7, 2020: SHOWCASE Your Company Product/Service for FREE – Details HERE

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Petroteq Announces New Financing, Amendment to Securities and Shares for Debt

July 29, 2020  | Source: Petroteq Energy Inc. SHERMAN OAKS, Calif., July 29, 2020 (GLOBE NEWSWIRE) — Petroteq Energy Inc. (“Petroteq” or the “Company”) ‎‎(TSXV:PQE; ‎OTC:PQEFF; FSE:PQCF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, announces the receipt of an irrevocable subscription agreement from an arm’s length … Read morePetroteq Announces New Financing, Amendment to Securities and Shares for Debt

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QEP Resources Reports Second Quarter 2020 Financial and Operating Results and Provides Update to 2020 Plan

July 29, 2020  | Source: QEP Resources, Inc. DENVER, July 29, 2020 (GLOBE NEWSWIRE) — QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today reported second quarter 2020 financial and operating results and provided an update to its 2020 plan in response to current market conditions. Second Quarter 2020 Highlights Amended Credit Agreement increasing liquidity … Read moreQEP Resources Reports Second Quarter 2020 Financial and Operating Results and Provides Update to 2020 Plan

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Oil States Announces Second Quarter 2020 Results of Operations

July 29, 2020  | Source: Oil States International, Inc HOUSTON, July 29, 2020 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE: OIS) reported a net loss of $24.6 million, or $0.41 per share, for the second quarter of 2020, on revenues of $146.2 million. Consolidated EBITDA (Note A) was a loss of $4.5 million. Excluding $5.4 million of severance and … Read moreOil States Announces Second Quarter 2020 Results of Operations

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Osperity’s OMNI is an Affordable All-In-One AI-Driven Video Analytics Solution – Learn More HERE

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Osperity’s OMNI is an affordable all-in-one AI-driven video analytics solution that helps companies in the energy industry manage their sites & assets remotely, safely and more efficiently  – Now with a free evaluation. Osperity’s all-in-one OMNI solution empowers organizations to remotely monitor and inspect industrial sites & assets with visual AI-driven event detection and exception-based … Read moreOsperity’s OMNI is an Affordable All-In-One AI-Driven Video Analytics Solution – Learn More HERE

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Headache for OPEC as oil market structure signals return of glut

July 30, 2020 Reuters Rising OPEC and U.S. oil supply, coupled with stalled economic and crude demand recovery, have pushed the futures market structure back to indicating a surplus, last observed during oil’s collapse in April and May amid the coronavirus pandemic.The development is a headache for OPEC, which had been hoping demand would recover … Read moreHeadache for OPEC as oil market structure signals return of glut

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Oil Traders Await Cheaper Saudi Crude With Demand Ebbing

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

By Sharon Cho, Serene Cheong and Sherry Su  Jul 30, 2020 (Bloomberg)For the first time since the oil price recovery started three months ago, Saudi Arabia and other top Middle East producers are coming under heavy pressure to cut the price of their barrels, a sign of how the rally has begun to stall.The change … Read moreOil Traders Await Cheaper Saudi Crude With Demand Ebbing

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Shale Drillers Signal Bleak 2020 While Trump Champions Oil Patch

Rig Worker

By Kevin Crowley Jul 30, 2020 (Bloomberg) Three shale explorers signaled a grim rest of 2020 for the U.S. oil patch just hours after President Donald Trump arrived in the Permian Basin championing “American energy dominance.”In second-quarter earnings reports published after the close of trading in New York, QEP Resources Inc. cut its production outlook, WPX … Read moreShale Drillers Signal Bleak 2020 While Trump Champions Oil Patch

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Smelling the Future: Duke Targets Cow Poop in Its First Renewable Gas Investment

By Naureen S. Malik Jul 30, 2020 (Bloomberg) Duke Energy Corp. has seen the future and it smells of cow manure.The Charlotte, North Carolina-based utility giant has made its first investment in renewable gas, a source of fuel that’s tiny relative to the vast natural gas industry but also one that’s growing fast as more companies … Read moreSmelling the Future: Duke Targets Cow Poop in Its First Renewable Gas Investment

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Trump Lets Keystone Ship More Oil With Expansion Stalled

By Robert Tuttle Jul 30, 2020 (Bloomberg) The Trump administration will allow the existing Keystone pipeline to carry more oil-sands crude into the Midwest and U.S. Gulf Coast while the conduit’s decade-old expansion project faces renewed legal hurdles.A White House permit issued Wednesday raises the cross-border shipping limit for the TC Energy Corp. line to 760,000 … Read moreTrump Lets Keystone Ship More Oil With Expansion Stalled

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Latest Casualty of Shale’s Collapse Is Oil Driller Denbury

By Rachel Adams-Heard  Jul 30, 2020 (Bloomberg)Denbury Resources Inc. became the latest debt-laden oil producer to seek bankruptcy protection in the aftermath of a pandemic-fueled plunge in crude prices.The Plano, Texas-based driller filed for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of Texas. It joins a long list of other … Read moreLatest Casualty of Shale’s Collapse Is Oil Driller Denbury

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Hackers Are Targeting the Remote Workers Who Keep Your Lights On

By Christopher Martin and Gerson Freitas Jr. Jul 30, 2020 (Bloomberg) In July alone, hackers took over the twitter accounts of U.S. politicians, stole terrabytes of coronavirus research and even infiltrated the U.K.’s Premier League soccer clubs. Can they cut off your electricity, too? They’re trying. With millions of Americans now working from home –- including the people who help keep the … Read moreHackers Are Targeting the Remote Workers Who Keep Your Lights On

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Oil Falls With Equities While Volatility Drops to a 5-Month Low

By Alex Longley Jul 30, 2020 (Bloomberg) Oil slipped along with equities and a strengthening dollar, while crude continued to trade in a narrow band.Futures in New York fell below $41 a barrel, a level that’s anchored prices for much of the week, with market volatility now at its lowest level in five months. U.S. equity … Read moreOil Falls With Equities While Volatility Drops to a 5-Month Low

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Apache Corporation Announces Major Oil Discovery in Block 58 Offshore Suriname at Kwaskwasi-1

July 29, 2020  | Source: Apache Corporation Block 58 Suriname Map – Apache Corp. and Total S.A., July 29, 2020 On July 29, 2020, Apache Corporation and Total S.A. announced a major oil discovery at the Kwaskwasi-1 well drilled in Block 58 offshore Suriname. This follows the January and April 2020 announcements of discoveries at the … Read moreApache Corporation Announces Major Oil Discovery in Block 58 Offshore Suriname at Kwaskwasi-1

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Apache Corporation Announces Second-Quarter 2020 Financial and Operational Results

July 29, 2020  | Source: Apache Corporation HOUSTON, July 29, 2020 (GLOBE NEWSWIRE) — Apache Corporation (Nasdaq: APA) today announced second-quarter 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 July 30 at 10 a.m. Central time to discuss the results. It will be webcast and archived on … Read moreApache Corporation Announces Second-Quarter 2020 Financial and Operational Results

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TC Energy announces US$0.4 billion Elwood Power/ANR Horsepower Replacement Project

July 30, 2020  | Source: TC Energy Corporation CALGARY, Alberta, July 30, 2020 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced today that it will proceed with the Elwood Power/ANR Horsepower Replacement Project that will replace, upgrade and modernize certain facilities along a highly utilized section of its ANR … Read moreTC Energy announces US$0.4 billion Elwood Power/ANR Horsepower Replacement Project

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Trump Heads to Texas Where Virus Has Made Campaign Competitive

By Jordan Fabian, Kevin Crowley and Jennifer A. Dlouhy Jul 29, 2020 (Bloomberg) President Donald Trump will look to deep-pocketed energy barons to help jump start his sputtering re-election campaign on Wednesday during a stop in Texas, a traditional Republican bastion that has become increasingly competitive for Democrats.Trump plans to raise money for the Republican National … Read moreTrump Heads to Texas Where Virus Has Made Campaign Competitive

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Oil Holds Above $41 With Weaker Dollar, Falling U.S. Stockpiles

By Low De Wei and Alex Longley Jul 29, 2020 (Bloomberg) Oil edged higher as U.S. crude stockpiles were set to have fallen last week, while the dollar slid again. Futures in New York rose 1.1%. U.S. inventories fell by 6.83 million barrels, the American Petroleum Institute reported but said that gasoline supplies rose, according to … Read moreOil Holds Above $41 With Weaker Dollar, Falling U.S. Stockpiles

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Occidental Discusses $4.5 Billion Asset Sale to Pertamina

By Dinesh Nair, Manuel Baigorri and Vinicy Chan Jul 29, 2020 (Bloomberg) Occidental Petroleum Corp. is in talks about a potential sale of energy assets in Africa and the Middle East to Indonesia’s state-owned PT Pertamina, people with knowledge of the matter said. Pertamina is negotiating the acquisition of oil and gas stakes in countries including … Read moreOccidental Discusses $4.5 Billion Asset Sale to Pertamina

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Denbury Resources Enters into Restructuring Support Agreement for Pre-packaged Plan to Strengthen Its Balance Sheet and Reduce Debt by $2.1 Billion

July 29, 2020  | Source: Denbury Resources Inc. Intends to File Voluntary Chapter 11 Petitions to Implement Financial Restructuring Receives Committed DIP and Exit Financing of up to $615 Million to Support Continued Operations in the Normal Course PLANO, Texas, July 29, 2020 (GLOBE NEWSWIRE) — Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced … Read moreDenbury Resources Enters into Restructuring Support Agreement for Pre-packaged Plan to Strengthen Its Balance Sheet and Reduce Debt by $2.1 Billion

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Hope outlasts prosperity in N.D. town flattened by oil bust

Erika Bolstad, special to E&E News Tyra Jennings-Pittman (left) and Flor Hernandez from Wolf Pup Daycare push infants down Main Street in Watford City, N.D. The community was scheduled to open a new day care until oil prices dropped in the spring. Erika Bolstad/Special to E&E News WATFORD CITY, N.D. — Even for a pandemic, Main … Read moreHope outlasts prosperity in N.D. town flattened by oil bust

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U.S. shale producers, slammed by oil price crash, seen posting worst quarter since 2016

July 28, 2020 Reuters Marcellus shale gas drilling rig U.S. shale oil producers, whose weak returns in recent years had them out of favor with investors even before the coronavirus pandemic crushed oil prices and decimated production, are expected to post their worst second-quarter results since 2016. Oil is down about 35% since January as fuel … Read moreU.S. shale producers, slammed by oil price crash, seen posting worst quarter since 2016

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Greenfields Petroleum Corporation Announces Year End 2019 and First Quarter 2020 Financial and Operating Results

July 28, 2020  | Source: Greenfields Petroleum Corporation HOUSTON, July 28, 2020 (GLOBE NEWSWIRE) — Greenfields Petroleum Corporation (the “Corporation” or “Greenfields”) (TSX VENTURE: GNF), a production focused company with operating assets in Azerbaijan, announces its financial and operating results for the three months and year ended December 31, 2019  and for the three months ended … Read moreGreenfields Petroleum Corporation Announces Year End 2019 and First Quarter 2020 Financial and Operating Results

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Gasoline’s Demand Rebound Fades at Height of U.S. Driving Season

By Jeffrey Bair, Jack Wittels and Saket Sundria  Jul 28, 2020 (Bloomberg)A sharp rebound in gasoline consumption that helped to drive oil prices higher appears to be running out of steam, a development that should be a cause for concern across the petroleum industry. In the U.S., by far the world’s biggest gasoline market, the … Read moreGasoline’s Demand Rebound Fades at Height of U.S. Driving Season

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OPEC prepares for an age of dwindling demand

July 28, 2020 Reuters The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in OPEC. The pandemic drove down daily crude consumption by as much as a third earlier this year, at a time when the rise of electric vehicles and a shift to renewable energy sources … Read moreOPEC prepares for an age of dwindling demand

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Oil Kept Afloat by Weak Dollar With Physical Market Stuttering

By Low De Wei and Alex Longley Jul 28, 2020 (Bloomberg) Oil edged lower on signs that market fundamentals are getting shakier, though there was broader support from the recent slide in the dollar.Futures in New York declined toward $41 a barrel. Consultant Rystad Energy A/S said it expects oil supply to eclipse demand for the … Read moreOil Kept Afloat by Weak Dollar With Physical Market Stuttering

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Permian Oil Driller Rosehill Files for Bankruptcy Protection

By Hailey Waller and Simon Casey Jul 27, 2020 (Bloomberg) Rosehill Resources Inc. filed for bankruptcy protection after a plunge in oil prices forced the Permian shale explorer to seek a restructuring of its debt. The company filed for Chapter 11 in U.S. Bankruptcy Court in South Texas. Rosehill said Monday in a statement that common … Read morePermian Oil Driller Rosehill Files for Bankruptcy Protection

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Trump’s Energy Picks In a Race Against Time to Get Confirmed

By Stephen Cunningham Jul 28, 2020 (Bloomberg) President Donald Trump announced two nominees to the Federal Energy Regulatory Commission, which has been hamstrung by vacancies for two years. But a tight Senate schedule raises questions about whether they’ll be confirmed before the year ends. Trump tapped Mark Christie, chairman of the Virginia State Corporation Commission, to … Read moreTrump’s Energy Picks In a Race Against Time to Get Confirmed

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Range Announces Second Quarter Capital Expenditures, Production & Pricing

July 27, 2020 | Source: Range Resources Corporation FORT WORTH, Texas, July 27, 2020 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE:  RRC) today announced that second quarter 2020 drilling and completion expenditures were $99 million, and second quarter production averaged 2,349 Mmcfe per day. Capital Expenditures Second quarter 2020 drilling and completion expenditures were $99 million. In addition, during … Read moreRange Announces Second Quarter Capital Expenditures, Production & Pricing

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Martin Midstream Partners Reports Second Quarter 2020 Financial Results and Declares Quarterly Cash Distribution

July 27, 2020  | Source: Martin Midstream Partners L.P. Reported net loss of $2.2 million and net income of $6.6 million for the three and six months ended June 30, 2020, respectively Reported adjusted EBITDA of $23.9 million and $54.9 million for the three and six months ended June 30, 2020, respectively Generated distributable cash flow of … Read moreMartin Midstream Partners Reports Second Quarter 2020 Financial Results and Declares Quarterly Cash Distribution

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DTE Energy reports strong second quarter 2020 results; continues progress in environmental goals

DTE Energy Logo

July 28, 2020  | Source: DTE Energy  DTE Gas joins DTE Electric in net zero emissions goal Brings state’s largest wind park online Partners with General Motors on Michigan’s largest renewable energy investment DETROIT, July 28, 2020 (GLOBE NEWSWIRE) — DTE Energy (NYSE:DTE) today reported second quarter 2020 earnings of $277 million, or $1.44 per diluted … Read moreDTE Energy reports strong second quarter 2020 results; continues progress in environmental goals

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KLX Energy Services and Quintana Energy Services Complete Merger

July 28, 2020  | Source: KLX Energy Services LLC Creates industry-leading, asset-light product and service offerings present in all major U.S. onshore oil and gas basins to serve its blue-chip customers Adds one of the largest independent providers of directional drilling services and establishes one of the largest U.S. wireline fleets Estimated annualized cost synergies of … Read moreKLX Energy Services and Quintana Energy Services Complete Merger

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NEW EPISODE: Flipping The Barrel Podcast – With Guest Celine B. Gerson: VP at Schlumberger

CÉLINE B. GERSON’S  episode is finally out! Céline brings over 20 years of experience in the energy industry and is currently a VP at Schlumberger. She was the FIRST female appointed leader to run a global P&L at Cameron, a Schlumberger company and became their CCO shortly. Céline does it all. She is a Wonder Woman. We asked … Read moreNEW EPISODE: Flipping The Barrel Podcast – With Guest Celine B. Gerson: VP at Schlumberger

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Schlumberger slashes 21,000 jobs amid pandemic oil rout

Schlumberger

July 27, 2020 Schlumberger Ltd. is cutting more than 21,000 jobs as the global coronavirus pandemic quashes demand for energy and oil prices are routed.The company will pay more than $1 billion in severance benefits.The job cuts announced Friday, about a quarter of its entire workforce, puts the number of people employed by the world’s … Read moreSchlumberger slashes 21,000 jobs amid pandemic oil rout

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COMMENTARY: In the Future, Solar and Wind Will Be Everywhere You Look

By Seb Henbest (Bloomberg) To my four-year-old son, electricity must seem magic—this invisible stuff that comes out of the wall sockets to power the fridge, to light up the TV, or run his favorite toy, an electric piano. He has no personal experience of where it comes from, even if he does see the wires on … Read moreCOMMENTARY: In the Future, Solar and Wind Will Be Everywhere You Look

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U.S. natgas drops over 4% as output rises, cooling demand eases

July 27, 2020 Reuters U.S. natural gas futures dropped over 4% on Monday as output slowly rises and cooling demand eases, keeping the amount of gas expected to go into storage on track for a record high this year. Meteorologists projected temperatures will remain warmer than normal through at least mid-August but predicted the hottest … Read moreU.S. natgas drops over 4% as output rises, cooling demand eases

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Will Coronavirus Be The Catalyst For The End Of Fossil Fuels? Not Likely! – David Yager

By David Yager July 27, 2020 The headlines are common, relentless and the last thing folks in the ‘patch’ need to be bombarded with as we struggle to recover from the oil price collapse. “Coronavirus accelerates global shift to cheaper, more sustainable renewable energy.” “EU Approves Biggest Green Stimulus in History With $572 Billion Plan.” … Read moreWill Coronavirus Be The Catalyst For The End Of Fossil Fuels? Not Likely! – David Yager

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BMW 5 Series to Go Electric as CEO Pledges Bolder Climate Push

By Christoph Rauwald and Oliver Sachgau Jul 27, 2020 (Bloomberg)BMW AG will make electric versions of its popular 5 Series mid-sized sedan and X1 compact SUV, part of a widened push to slash carbon emissions while wrestling with the fallout from the Covid-19 pandemic. The German automaker said Monday it is seeking to reduce CO2 … Read moreBMW 5 Series to Go Electric as CEO Pledges Bolder Climate Push

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Oil Dips With U.S.-China Tension and Virus Second Wave Hitting

By Alex Longley Jul 27, 2020 (Bloomberg) Oil slipped to near $41 as investors weighed worsening relations between Washington and Beijing alongside flare-ups in coronavirus outbreaks across the world. Futures in New York edged lower after a 1.7% gain last week. Chinese authorities took over the U.S. consulate in Chengdu on Monday as tit-for-tat tensions continue … Read moreOil Dips With U.S.-China Tension and Virus Second Wave Hitting

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How a $3.6B deal complicates one energy giant’s net-zero goal

Edward Klump, E&E News   July 27, 2020 Mauricio Gutierrez is CEO of NRG Energy Inc., which announced a deal Friday to acquire Direct Energy. Gutierrez said NRG intends to remain on a path to reduce carbon and have net-zero emissions by 2050. NRG Energy, Inc NRG Energy Inc. is betting that a $3.6 billion purchase of … Read moreHow a $3.6B deal complicates one energy giant’s net-zero goal

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Oil and gas firms, groups cut spending amid pandemic

Timothy Cama, E&E News  July 27, 2020 Oil companies and their associations scaled back their lobbying during the pandemic. Glyn Lowe/Flickr Major companies and associations in the oil and natural gas sector greatly cut back their spending on federal lobbying efforts in the second quarter this year. Across the oil industry, from producers to refiners, lobbying … Read moreOil and gas firms, groups cut spending amid pandemic

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Pure Acquisition Corp. Finalizes Business Combination Merger Consideration

July 27, 2020 05:45 ET | Source: Pure Acquisition Corp. FORT WORTH, Texas, July 27, 2020 (GLOBE NEWSWIRE) — Pure Acquisition Corp. (“Pure”) (NASDAQ: PACQ, PACQU, PACQW), an oil and gas exploration and production focused special purpose acquisition entity, today announced that it has amended its business combination agreement (the “HPK Business Combination Agreement”) with, among others, … Read morePure Acquisition Corp. Finalizes Business Combination Merger Consideration

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Rosehill Resources Inc. and Rosehill Operating Company, LLC File Voluntary Bankruptcy Petitions

July 27, 2020 | Source: Rosehill Resources Inc. HOUSTON, July 27, 2020 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (NASDAQ:ROSE, ROSEW, ROSEU) (the “Company”) and Rosehill Operating Company, LLC (“Rosehill Operating” and together with the Company, “Rosehill”) announced today that they have commenced voluntary Chapter 11 cases (the “Chapter 11 Cases”) under the United States Bankruptcy Code in … Read moreRosehill Resources Inc. and Rosehill Operating Company, LLC File Voluntary Bankruptcy Petitions

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KLX Energy Services Announces Effectiveness of 1-for-5 Reverse Stock Split and Related Adjustment to Exchange Ratio for Merger

July 27, 2020 | Source: KLX Energy Services LLC WELLINGTON, Fla., July 27, 2020 (GLOBE NEWSWIRE) — KLX Energy Services Holdings, Inc. (“KLX Energy Services” or the “Company”) (NASDAQ:KLXE), a leading U.S. onshore provider of mission critical oilfield services, today announced that it will effect a 1-for-5 reverse stock split of its common stock that will be … Read moreKLX Energy Services Announces Effectiveness of 1-for-5 Reverse Stock Split and Related Adjustment to Exchange Ratio for Merger

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Range Announces Second Quarter Capital Expenditures, Production & Pricing

July 27, 2020 | Source: Range Resources Corporation FORT WORTH, Texas, July 27, 2020 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE:  RRC) today announced that second quarter 2020 drilling and completion expenditures were $99 million, and second quarter production averaged 2,349 Mmcfe per day. Capital Expenditures Second quarter 2020 drilling and completion expenditures were $99 million. In addition, during … Read moreRange Announces Second Quarter Capital Expenditures, Production & Pricing

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Oil-Sands Producers Burned by Crude Crash Are Staying  on Defense

By Kevin Orland  Jul 23, 2020 (Bloomberg) Two of Canada’s largest oil-sands producers plan to conserve cash until they have more confidence that a recovery from crude’s historic price crash has staying power.Cenovus Energy Inc. Chief Executive Officer Alex Pourbaix said he’s following data on miles driven and refinery runs to gauge the pace of oil … Read moreOil-Sands Producers Burned by Crude Crash Are Staying  on Defense

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The Next Move in Oil Prices May Be Down, Not Up: Julian Lee

By Julian Lee Jul 25, 2020 (Bloomberg Opinion) Oil’s recovery is being hit from both sides.Benchmark Brent crude prices have risen by 128% from their April low, remaining above $40 a barrel since the middle of June. But rising supply and faltering demand bode ill for those who want oil prices to keep climbing.The OPEC+ group of … Read moreThe Next Move in Oil Prices May Be Down, Not Up: Julian Lee

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U.S. oil rig count rises for first week since March – Baker Hughes

Reuters U.S. energy firms cut the number of oil and natural gas rigs to a record low for a 12th straight week, although they added an oil rig for the first time since March as a recovery in crude prices tempt some producers back to the well pad. The U.S. oil and gas rig count, … Read moreU.S. oil rig count rises for first week since March – Baker Hughes

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The Oil Industry 2020 – Winners, Losers and Everything In Between – “Muscle Memory”

By Mel Larson  Becht’s “Winners, Losers, and Everything In Between” series presents strategies to maximize your workforce in the time of COVID-19. Part 2 of this series focuses on the development of “Muscle Memory” (Click Here for Part 1). In this section, we will discuss the conditioning of the workforce team. Why Muscle Memory? Athletes practice … Read moreThe Oil Industry 2020 – Winners, Losers and Everything In Between – “Muscle Memory”

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Marketing Just Got Easier on EnergyNow – Pay Monthly For Your Content Marketing and Banner Advertising

Marketing Just Got Easier on EnergyNow Why Choose an EnergyNow Content Marketing Package? EnergyNow gets you to a targeted energy industry audience of decision makers & key influencers EnergyNow publishes your content on all our marketing platforms…Website, Daily Email & Social Media (Linkedin) With EnergyNow you can SHOWCASE your company’s services and products on a … Read moreMarketing Just Got Easier on EnergyNow – Pay Monthly For Your Content Marketing and Banner Advertising

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Goldman Likes Foreign-Exposed Tech, Energy Names as Dollar Falls

By Joanna Ossinger Jul 26, 2020 (Bloomberg)Investors betting on continuing dollar weakness should consider U.S. technology and energy stocks among those with high international sales that tend to outperform when the currency falls, according to Goldman Sachs Group Inc. Shares of U.S. firms with high revenue exposure to Western Europe and the BRIC countries — … Read moreGoldman Likes Foreign-Exposed Tech, Energy Names as Dollar Falls

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Groups to Court: Dakota Access freeze ‘Devastating’

Niina H. Farah, E&E News  July 24, 2020 Construction of the Dakota Access pipeline near New Salem, N.D. Tony Webster/Flickr Agriculture, energy and water groups rallied behind developers of the Dakota Access pipeline this past week as a federal appeals court weighs whether to allow the oil conduit to remain operational while litigation over a key … Read moreGroups to Court: Dakota Access freeze ‘Devastating’

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FirstEnergy Works to Distance Itself From Ex-Unit Amid Probe

By Mark Chediak  Jul 24, 2020 (Bloomberg) FirstEnergy Corp.’s chief executive officer on Friday pushed to distance the company from its former unit that owns nuclear plants benefiting from an Ohio state law at the crux of an alleged racketeering and bribery conspiracy. CEO Charles Jones said the company hasn’t had control of decisions made by … Read moreFirstEnergy Works to Distance Itself From Ex-Unit Amid Probe

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Oil Trading Profits Soar for Energy Majors Who Made Storage Bets

By Javier Blas and Lars Erik Taraldsen  Jul 24, 2020 (Bloomberg)In March and April, as oil prices plunged to their lowest in a generation, Norwegian energy giant Equinor ASA was busy doing the opposite of what oil companies usually do: pumping as much crude as possible underground into giant caverns on the nation’s North Sea … Read moreOil Trading Profits Soar for Energy Majors Who Made Storage Bets

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Reliance Overtakes Exxon to Become World’s No. 2 Energy Company

By Debjit Chakraborty Jul 25, 2020 (Bloomberg) –Reliance Industries Ltd., controlled by Asia’s richest man, toppled ExxonMobil Corp. to become the world’s largest energy company after Saudi Aramco, as investors piled into the conglomerate lured by the Indian firm’s digital and retail forays. Reliance, which manages the biggest refinery complex, gained 4.3% in Mumbai on … Read moreReliance Overtakes Exxon to Become World’s No. 2 Energy Company

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U.S. natgas futures edge up to two-week high on hotter midday forecasts

Natural Gas

July 24, 2020 Reuters U.S. natural gas futures edged up to a two-week high on Friday on rising pipeline exports and forecasts calling for hotter weather and higher-than-expected air conditioning demand over the next two weeks.Front-month gas futures rose 2.3 cents, or 1.3%, to settle at $1.808 per million British thermal units, their highest since July … Read moreU.S. natgas futures edge up to two-week high on hotter midday forecasts

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U.S. oil major ConocoPhillips buys Canadian land from Kelt in $375 million deal

(Reuters) – U.S. oil major ConocoPhillips said on Wednesday that it agreed to buy land from Kelt Exploration Ltd in Canada’s Montney shale oil play, in a $375 million deal. The 140,000 acres in British Columbia are directly adjacent to ConocoPhillips’ own Montney lands, the company said. The oil resource amounts to 1 billion barrels … Read moreU.S. oil major ConocoPhillips buys Canadian land from Kelt in $375 million deal

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Schlumberger Shrinking Staff to Lowest Since Pre-Shale Era

Schlumberger

By David Wethe  Jul 24, 2020 (Bloomberg) Schlumberger Ltd. posted its weakest sales in 14 years and is cutting one-fifth of its workforce while warning that new waves of Covid-19 could derail the nascent recovery in global energy demand. The second-quarter rout was so bad for Schlumberger that it’s spending $1 billion on job severance in … Read moreSchlumberger Shrinking Staff to Lowest Since Pre-Shale Era

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Chevron Is Installing Solar Panels – To Produce Oil More Cheaply

By Robert Tuttle Jul 23, 2020 (Bloomberg) In California’s sun-drenched Kern Valley, Chevron Corp. has found a way to use one of the state’s clean-energy programs to cut the cost of pumping oil, to the chagrin of some environmentalists. Since April, solar panels have been powering oil pumps at Chevron’s Lost Hills 7,981 barrel-a-day oil field, … Read moreChevron Is Installing Solar Panels – To Produce Oil More Cheaply

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Oil Fluctuates Near $41 Amid Demand Uncertainty, European Growth

By Sharon Cho and Alex Longley  Jul 24, 2020 (Bloomberg) Oil swung between gains and losses as deteriorating U.S.-China relations cast doubt over the strength of the demand recovery, but European economic data showed a return to growth. U.S. crude futures rose 0.9%, poised to eke out a second weekly gain as the news of euro-area growth added … Read moreOil Fluctuates Near $41 Amid Demand Uncertainty, European Growth

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China Oil Giants Get Premiums in $56 Billion Pipeline Accord

By Bloomberg News Jul 24, 2020 (Bloomberg) China’s biggest oil and gas companies finalized deals worth $56 billion to sell their pipeline networks to a new national carrier at premiums to their book value, a long-awaited step that’s being seen as a boost for investors. PetroChina Co. will get 1.2 times book value for assets including … Read moreChina Oil Giants Get Premiums in $56 Billion Pipeline Accord

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Federal court hands FERC more time to use delay tactic

Keystone xl pipeline

Arianna Skibell, E&E News  Published: Friday, July 24, 2020 The E. Barrett Prettyman U.S. Courthouse is home to the U.S. Court of Appeals for the District of Columbia Circuit. Francis Chung/E&E News A federal court yesterday granted the Federal Energy Regulatory Commission extra time to comply with a recent ruling barring the commission from using a … Read moreFederal court hands FERC more time to use delay tactic

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Lawsuit: Texas illegally halted rules to help oil companies

Mike Lee, E&E News   July 24, 2020 Landowners and an environmental group sued Texas’ oil and gas regulator yesterday, saying it broke the law when it waived environmental rules to ease the impact of the oil crash. An oil pump jack is pictured. Pixabay Texas oil and gas regulators broke state law earlier this year when … Read moreLawsuit: Texas illegally halted rules to help oil companies

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Technology breakthrough could increase EV range, battery life

Miranda Willson, E&E News July 23, 2020 Researchers at Lawrence Berkeley National Laboratory and Carnegie Mellon University have designed new solid electrolytes (pictured) that can help prevent battery defects and safety issues. Jinsoo Kim Researchers say they’ve developed a potential breakthrough technology that could increase the life of electric vehicle batteries by up to five … Read moreTechnology breakthrough could increase EV range, battery life

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Tesla Plans New Gigafactory, Scores Wall Street Win

David Ferris, E&E News reporter Tesla Inc. expanded its footprint in two historic dimensions this past week. Financially, the clean energy firm planted a flag on Wall Street by notching a profit that sets it up for inclusion in the S&P 500. Geographically, the electric automaker laid a foundation in the heart of oil country, … Read moreTesla Plans New Gigafactory, Scores Wall Street Win

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Whitmer: Enbridge dodging responsibility for potential spill

Published: Thursday, July 23, 2020 Michigan Gov. Gretchen Whitmer criticized Enbridge Inc. yesterday for what she described as the company’s refusal to make an airtight pledge to pay for damages caused by a potential oil spill from its pipeline beneath a Great Lakes channel. The Democratic governor’s administration is pressuring the Canadian pipeline company for … Read moreWhitmer: Enbridge dodging responsibility for potential spill

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Oil Near $44 in London With Weaker Dollar Weighed Against Demand

By Low De Wei and Alex Longley Jul 23, 2020 (Bloomberg) Oil erased gains to trade near $44 a barrel in London as concerns about demand countered the buoying effect of a weaker dollar.Brent futures slipped from near their highest level since March. Though crude was earlier supported by a less vigorous dollar, bearish signs persist … Read moreOil Near $44 in London With Weaker Dollar Weighed Against Demand

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New York Wants to Buy Enough Clean Power for 1.5 Million Homes

By Christopher Martin Jul 21, 2020 (Bloomberg) New York Governor Andrew Cuomo is seeking bids for up to 4,000 megawatts of clean energy, enough to power 1.5 million homes.The state plans to buy 2,500 megawatts of power from offshore wind farms proposed in the Atlantic Ocean and 1,500 megawatts from clean-power projects on land, according to a statement … Read moreNew York Wants to Buy Enough Clean Power for 1.5 Million Homes

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