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Why ‘Peak Oil’ Won’t Mean the End of Drilling

Apr 9, 2021 (Bloomberg) A multibillion-dollar project to tap virgin oil fields in east Africa is expected to get the green light this weekend, highlighting an uncomfortable truth about the energy industry. Even as Total SE, the supermajor behind the new project straddling Uganda and Tanzania, makes genuine efforts to begin the transition to low-carbon energy, the industry … Read more Why ‘Peak Oil’ Won’t Mean the End of Drilling

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RAM Industries Inc.
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Osperity
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U.S. REFINERY INSIGHTS: Refiners Are Poised to Chase Demand

Apr 10, 2021 (Bloomberg) For U.S. refiners, the rear-view mirror look at the first quarter isn’t likely to be pretty after 13 months of pandemic-related demand slide, eroding profits and a winter that brought weeks of idled plants and damaged equipment. All the more reason to guess that refiners who slashed run rates as demand cratered … Read more U.S. REFINERY INSIGHTS: Refiners Are Poised to Chase Demand

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

Oil Posts Worst Week in Three With Demand Recovery in Focus

Apr 9, 2021 (Bloomberg) Oil posted its worst week in three amid concerns that rising global coronavirus cases are slowing the economic recovery.West Texas Intermediate futures ended the week down 3.5%, the biggest weekly loss since mid-March. With the Organization of Petroleum Exporting Countries and its allies planning to start raising output, markets are now focused … Read more Oil Posts Worst Week in Three With Demand Recovery in Focus

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RAM Industries Inc.
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Osperity

U.S. Army Corps allows Dakota Access pipeline to stay open during review

NEW YORK (Reuters) -The U.S. Army Corps of Engineers on Friday said it will allow Energy Transfer LP’s Dakota Access oil pipeline to keep running without a federal permit, frustrating activists who wanted the line shut after a key environmental permit was scrapped last year. The pipeline has been the flashpoint for a years-long legal … Read more U.S. Army Corps allows Dakota Access pipeline to stay open during review

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

U.S. drillers add gas rigs, hold oil rigs steady this week: Baker Hughes

(Reuters) – U.S. energy firms added two natural gas rigs and kept the number of oil rigs unchanged this week, energy services firm Baker Hughes Co said on Friday, with analysts forecasting more rigs were needed to keep production steady. The combined oil and gas rig count, an early indicator of future output, rose two … Read more U.S. drillers add gas rigs, hold oil rigs steady this week: Baker Hughes

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Becht
RAM Industries Inc.
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RHK Hydraulic Cylinder Services Inc.

Great Plains, Rockies oil and gas drilling ticks higher: Fed report

DENVER (Reuters) – Oil production activity across U.S. Great Plains and Rocky Mountain states rose moderately last quarter, marking the first year-on-year increase since 2019, according to a report on Friday by the Federal Reserve Bank of Kansas City. The uptick comes as oil prices recover after the coronavirus pandemic crushed activity and battered the … Read more Great Plains, Rockies oil and gas drilling ticks higher: Fed report

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RAM Industries Inc.
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Osperity

Circling the Earth 11 Times: Key Facts about the Canada-US Energy Pipeline Network

Vast, interconnected pipeline network a critical cog in North America’s energy security By Lennie Kaplan and Mark Milke Pump jacks and pipelines in a California oil field at dusk. Getty Images photo To sign up to receive the latest Canadian Energy Centre research to your inbox email: [email protected] Overview: 450,000 kilometres of pipelines cross the US and Canada The … Read more Circling the Earth 11 Times: Key Facts about the Canada-US Energy Pipeline Network

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Becht
RAM Industries Inc.
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Osperity

Oil Fluctuates With Saudi Arabia Confident on OPEC+ Output Hike

Apr 9, 2021 (Bloomberg) Oil switched between gains and losses after Saudi Arabia said it was confident that OPEC+ was right in agreeing to raise output, while India posted its strongest oil consumption in 15 months. West Texas Intermediate fluctuated, though prices remained within the $5 range they’ve been holding since around mid-March. India’s oil-products demand … Read more Oil Fluctuates With Saudi Arabia Confident on OPEC+ Output Hike

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RAM Industries Inc.
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A Carbon-Sucking Startup Has Been Paralyzed by Its CEO

(Bloomberg) The prototype of the device meant to stave off climate devastation looks like a shipping container wrapped in vibrant green Venetian blinds. Fans atop this shell are designed to draw air into the device, where a honeycomblike structure full of proprietary chemicals extracts carbon dioxide from the air, removing an ever-so-slight bit of planet-warming … Read more A Carbon-Sucking Startup Has Been Paralyzed by Its CEO

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RAM Industries Inc.
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Banking on the Biden boom: Siemens Energy pins hopes on U.S.

FRANKFURT (Reuters) – German engineering group Siemens Energy wants its slice of the $2.3 trillion U.S. President Joe Biden plans to spend on infrastructure, including power grids and renewables, as the company targets higher sales in its biggest market. “We see great opportunities for wind energy, onshore but above all in the area of offshore,” … Read more Banking on the Biden boom: Siemens Energy pins hopes on U.S.

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RAM Industries Inc.
Osperity
RHK Hydraulic Cylinder Services Inc.

U.S. renewable fuels market could face feedstock deficit

NEW YORK (Reuters) – Demand for feedstocks from renewable fuel producers is expected to surge in the United States in coming years as companies scramble to expand output. Energy from material that comes from plants and animals, or biomass, currently accounts for roughly 5% of U.S. energy use, slightly more than wind and solar energy. … Read more U.S. renewable fuels market could face feedstock deficit

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

Analysis: Saudi $7 trillion investment goal puts spotlight on oil prices

DUBAI (Reuters) – In order to wean Saudi Arabia off its dependency on crude the kingdom needs higher oil prices. A multi-trillion dollar spending push designed to diversify the economy’s sources of income will require state companies to cut the dividends they pay the government to boost capital spending, Crown Prince Mohammed bin Salman has … Read more Analysis: Saudi $7 trillion investment goal puts spotlight on oil prices

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Californians May Soon Pay $4 for Gasoline With State Reopening

Apr 8, 2021 (Bloomberg)  Californian drivers are edging closer to paying $4 for a gallon of gasoline with the state open for business again and Governor Gavin Newsom planning for a summer with almost no restrictions.The move toward normalcy in the most populous U.S. state has already sent prices at the pump near their highest since the … Read more Californians May Soon Pay $4 for Gasoline With State Reopening

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RAM Industries Inc.
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Electric trucks may soon challenge diesel if charging hurdle cleared, study shows

Tesla Truck

STOCKHOLM (Reuters) – Electric heavy trucks will soon be able to compete economically with diesel trucks as battery technology rapidly improves, a study by Sweden-based think tank the Stockholm Environment Institute (SEI) showed on Thursday. A green shift in the transport sector, which generates roughly a quarter of global carbon dioxide emissions, is seen as … Read more Electric trucks may soon challenge diesel if charging hurdle cleared, study shows

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RAM Industries Inc.
Osperity
RHK Hydraulic Cylinder Services Inc.

Column: Ensuring the energy transition is equitable – John Kemp

By John Kemp LONDON (Reuters) – Phasing out consumption of fossil fuels in favour of zero-emission sources of energy will cause major social and economic disruption, creating a large number of losers as well as winners. Policymakers have begun to focus on the need for a just or equitable transition to address some of these … Read more Column: Ensuring the energy transition is equitable – John Kemp

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

Fate of Dakota Access pipeline at stake at Friday court hearing

NEW YORK (Reuters) – The fate of the Dakota Access pipeline could be decided at a U.S. court hearing Friday, where federal regulators could set in motion a months-long shutdown of the line while the Biden Administration completes an environmental review. The market has been increasingly worried about a possible shutdown as the White House … Read more Fate of Dakota Access pipeline at stake at Friday court hearing

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RAM Industries Inc.
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Saudi Minister Confident that OPEC+ Made Right Output Decision

Apr 8, 2021 (Bloomberg) Saudi Arabia remains confident that the OPEC+ agreement to increase output over the next three months was the right move, said its energy minister.“It’s still a good decision,” Prince Abdulaziz bin Salman said in an interview in Riyadh on Thursday. “I don’t see anything yet that disturbs us, me or my colleagues at OPEC+.” … Read more Saudi Minister Confident that OPEC+ Made Right Output Decision

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RAM Industries Inc.
Osperity
RHK Hydraulic Cylinder Services Inc.

Energy Transition – Alex Epstein: America is NOT in a rapid free-market transition from fossil fuels

Visit Energy Talking Points for more from Alex Epstein Q: Aren’t we in a rapid free-market energy transition from fossil fuels to solar and wind? A: No. The 3.8% of American energy that comes from solar and wind is due mostly to anti-market policies that force utilities and consumers to buy unreliable, cost-increasing energy. Quick Summary Claims … Read more Energy Transition – Alex Epstein: America is NOT in a rapid free-market transition from fossil fuels

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RAM Industries Inc.
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Enbridge Seeks to Get More Gas to Energy-Hungry U.S. Northeast

Apr 8, 2021 (Bloomberg) Enbridge Inc. is moving forward with upgrades to its pipeline network serving the northeastern U.S. to ship more shale gas from the prolific Appalachian Basin as opposition to new conduits mounts in the region. The Canadian company’s plan includes a connection to a UGI Utilities facility in Pennsylvania and compression boosts that … Read more Enbridge Seeks to Get More Gas to Energy-Hungry U.S. Northeast

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RAM Industries Inc.
Becht
Osperity
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Valero warns of bigger first-quarter loss on costs from Texas deep freeze

(Reuters) -U.S. refiner Valero Energy Corp on Thursday warned that its first-quarter loss would exceed the previous three months, joining the ranks of energy firms hit hard by the severe winter storm in Texas in February. The cold wave in U.S. central and southern states has disrupted power and gas supply and knocked refineries, oil … Read more Valero warns of bigger first-quarter loss on costs from Texas deep freeze

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

Buckeye Partners & Nala Renewables Invest In Swift Current Energy to Accelerate U.S. Growth Plans

Swift Current’s leading clean energy platform aligns with the companies’ commitment to integrate ESG values into long-term strategy April 07, 2021 08:30 ET | Source: Buckeye Partners L.P. HOUSTON and BOSTON and GENEVA, April 07, 2021 (GLOBE NEWSWIRE) — Buckeye Partners, L.P. (“Buckeye”) and Nala Renewables will together acquire majority ownership of leading North American clean energy … Read more Buckeye Partners & Nala Renewables Invest In Swift Current Energy to Accelerate U.S. Growth Plans

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

Equinor, SSE aim to build the world’s first hydrogen power plant

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

OSLO (Reuters) – Norwegian energy firm Equinor and British utility SSE have agreed to jointly develop the world’s first 100% hydrogen-fuelled power plant in Britain, the companies said on Thursday. Hydrogen is seen as a potential replacement for natural gas in power and heat generation, helping to achieve global climate goals. Keadby Hydrogen plant would … Read more Equinor, SSE aim to build the world’s first hydrogen power plant

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

White House Considering Nearly Doubling Obama’s Climate Pledge

Apr 7, 2021 (Bloomberg) The White House is considering a pledge to cut U.S. greenhouse-gas emissions by 50% or more by the end of the decade, according to people familiar with the deliberations, a target that would nearly double the country’s previous commitment and require dramatic changes in the power, transportation and other sectors. The emissions-reduction … Read more White House Considering Nearly Doubling Obama’s Climate Pledge

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

Solar Farms Planned in Texas to Test Market in Wake of Freeze

Solar panel

Apr 8, 2021 (Bloomberg) A Texas renewables developer is about to test investors’ appetite for solar farms in the state after February’s devastating freeze rendered some power plants inoperable for days. Caprock Renewables is looking to raise equity for a $550 million portfolio of utility-scale solar in southern Texas, said Chief Executive Officer Thanasis Iatrou. The … Read more Solar Farms Planned in Texas to Test Market in Wake of Freeze

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

Oil Dips With India & Canada Virus Cases Imperiling Demand Revival

April 8, 2021 (Bloomberg) Oil fell as bearish virus news from India to Japan underpinned the outlook for a staggered recovery in consumption. West Texas Intermediate slid 0.6%, though remains within the $5 range it has traded in since mid-March. India, the world’s No. 3 oil importer, reported a record number of daily coronavirus cases, with … Read more Oil Dips With India & Canada Virus Cases Imperiling Demand Revival

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

Roadblocks and protests adding value to existing pipelines, says Enbridge CEO

CALGARY — The CEO of Enbridge Inc. says the company’s ongoing battles with opponents over two of its U.S. oil pipelines will eventually be recognized in higher valuations for those assets as North American energy demand inevitably increases. Al Monaco, speaking on Day 2 of the virtual 2021 Scotiabank CAPP Energy Symposium, says regulatory and … Read more Roadblocks and protests adding value to existing pipelines, says Enbridge CEO

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

Biden tax plan replaces fossil fuel subsidies with incentives for clean energy

The proposal is part of wider plan on taxes, which includes boosting the corporate income tax rate from 21% to 28%, linked to Biden’s $2.3 trillion infrastructure package. A Treasury Department office estimated that eliminating the subsidies for fossil fuel companies would boost government tax receipts by more than $35 billion in the coming decade. … Read more Biden tax plan replaces fossil fuel subsidies with incentives for clean energy

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

Buckeye and Trafigura Venture Invest in Renewables Developer

(Bloomberg) Pipeline operator Buckeye Partners LP and a renewables company backed by commodities giant Trafigura Group have acquired majority ownership of U.S. clean-power developer Swift Current Energy.For Buckeye, the acquisition is part of about $2 billion in planned renewables investments over the next several years. It comes months after the 135-year-old petroleum-product hauler made an equity investment in … Read more Buckeye and Trafigura Venture Invest in Renewables Developer

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

U.S. energy E&P deals jump to $3.4 billion in first-quarter as shale consolidates: Enervus

(Reuters) – U.S. oil and gas exploration and production deals rose fivefold in the first quarter over a year-ago, according to consultancy Enverus, in a foreshadowing of recent blockbuster shale mergers. Some $3.4 billion in deals were struck in the first quarter, compared with $600 million a year-ago, as the coronavirus pandemic slammed the brakes … Read more U.S. energy E&P deals jump to $3.4 billion in first-quarter as shale consolidates: Enervus

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

Sunrun’s CEO Is Selling Peace of Mind With Her Rooftop Solar Panels

(Bloomberg) Residential solar looked like a generational opportunity to Lynn Jurich back when few American homeowners had panel systems. The cost of solar equipment would fall, she surmised, and utility bills would rise. The economic case for going green would become clear.There was little expectation that her company, Sunrun Inc., would capture new customers as … Read more Sunrun’s CEO Is Selling Peace of Mind With Her Rooftop Solar Panels

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

Exxon explores sale of elastic polymer business

(Reuters) – Exxon Mobil Corp is exploring a sale of its Advanced Elastomer Systems (AES) division, potentially valuing the elastic polymer maker at around $800 million including debt, according to people familiar with the matter. The deal would allow the oil major to nibble at its debt pile, which totaled $45.5 billion at the end … Read more Exxon explores sale of elastic polymer business

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

EV-Battery Rivals Besiege Biden With Rare Trade Veto in Balance

Apr 7, 2021 (Bloomberg) Two of the world’s largest electric-vehicle battery makers have hired top Washington insiders to hold near-daily meetings with the Biden administration in a battle that could affect the electrification plans of Ford Motor Co. and Volkswagen AG.SK Innovation Co., Ford’s battery supplier for its upcoming electric F-150 pickup truck, faces a 10-year U.S. import … Read more EV-Battery Rivals Besiege Biden With Rare Trade Veto in Balance

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

Analysis: High stakes at sea in global rush for wind power

Wind Turbines

LONDON(Reuters) – Global competition for offshore wind power is so hot that licence auctions now resemble the oil and gas competitions of just a few years ago, and some of the names are familiar too as global oil majors move aggressively into renewable energy. The drive among top fossil fuel producers to make fast inroads … Read more Analysis: High stakes at sea in global rush for wind power

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

U.S. natgas output to rise, while demand falls for second year in 2021

Natural Gas

(Reuters) – U.S. natural gas production will edge up in 2021, while demand declines for a second year in a row as rising gas prices allow renewables and coal to take some of gas’ market share in the power sector, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on … Read more U.S. natgas output to rise, while demand falls for second year in 2021

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RAM Industries Inc.
Becht
Osperity
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U.S. power use to rise in 2021 as governments ease lockdowns: EIA

(Reuters) – U.S. power consumption will rise 2.1% this year as state and local governments ease coronavirus lockdowns, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. The EIA projected power demand will rise to 3,883 billion kilowatt hours in 2021 and 3,935 billion kWh in 2022 from … Read more U.S. power use to rise in 2021 as governments ease lockdowns: EIA

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

U.S. Oilfield services sector added 23,000 jobs in March: industry report

(Reuters) – The U.S. oilfield services and equipment sector added an estimated 23,000 jobs in March, marking a 3.8% increase, according to preliminary data from the Bureau of Labor Statistics and an analysis by the Energy Workforce & Technology Council, a trade group. Jobs in the sector are still down 9.2% from March 2020, according … Read more U.S. Oilfield services sector added 23,000 jobs in March: industry report

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

U.S. Cuts Its Oil Supply Outlook While OPEC+ Boost Output

The U.S. slashed its oil production forecast through next year just as OPEC and its allies begin to rollback their production cuts in the coming months. U.S. oil output is set to reach 11.04 million barrels day this year, down from last month’s forecast at 11.15 million after a deep freeze in February that shutdown … Read more U.S. Cuts Its Oil Supply Outlook While OPEC+ Boost Output

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

Norway fund makes renewables push with $1.6 billion Orsted deal

OSLO (Reuters) – Norway’s $1.3 trillion sovereign wealth fund, the world’s largest, has made its first direct investment in a renewable energy project, a new asset class for the fund, it said on Wednesday. The fund bought a 50% stake in the Borssele 1 and 2 wind farm off the Netherlands for 1.375 billion euros … Read more Norway fund makes renewables push with $1.6 billion Orsted deal

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

Texas Grid Problem Exacerbated Power Failures During Blackout

Apr 6, 2021 (Bloomberg)The power-plant failures that plunged millions of Texans into darkness during a deep winter freeze in February weren’t just caused by frozen equipment and gas-supply issues. A problem with the power grid itself knocked about 1.26 gigawatts of generation offline at the peak of the crisis, potentially exacerbating the energy woes. About … Read more Texas Grid Problem Exacerbated Power Failures During Blackout

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

Occidental CEO Rejects U.S. Carbon Tax in Break With Big Oil

Apr 6, 2021 (Bloomberg) Occidental Petroleum Corp. has split from some of its larger rivals by rejecting a potential U.S. carbon tax, saying that it prefers the existing system of tax credits designed to encourage oil companies to store carbon dioxide and reduce emissions.The position appears to stand in contrast with that of supermajors like Exxon … Read more Occidental CEO Rejects U.S. Carbon Tax in Break With Big Oil

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

Brent Oil Fluctuates Around $63 a Barrel Ahead of U.S. Stockpile Data

Apr 7, 2021 (Bloomberg) Oil traded near $63 a barrel in London as traders awaited weekly U.S. inventory data for the latest steer on the demand recovery. Brent futures climbed 1%, swinging between gains and losses. Attention will shift later to U.S. inventories, after an industry report showed a decline in crude stockpiles but a gain … Read more Brent Oil Fluctuates Around $63 a Barrel Ahead of U.S. Stockpile Data

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

Shell to Make First Profit From Oil Output Since Pandemic

Apr 7, 2021 (Bloomberg) Royal Dutch Shell Plc said it expects to make the first profit from pumping oil since the start of the pandemic. Shell’s upstream unit, which largely handles the exploration and production of crude, was able to capture “the upside from the current commodity price environment” in the first quarter, according to a … Read more Shell to Make First Profit From Oil Output Since Pandemic

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RAM Industries Inc.
Becht
Osperity
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WATCH: Global Energy Show 5×5 – Interview with Clinton Desveaux, Accredited Writer

Global Energy Show GES Feature Logo 400x270

Clinton Desveaux, Director of Business Development & Marketing at SEVAEN Workwear and Accredited Writer on Disruption & Innovation Issues discusses a national mining strategy for Canada, energy transition and innovation in electric vehicles. To learn more about the Global Energy Show, or to register, please visit: www.globalenergyshow.com

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

Why Doesn’t a Great Maintenance Process Equal Great Results? (Part 1) – Becht

By: Charles Maier Becht has made an interesting observation after working in several facilities: some of the best results come from organizations with poor maintenance work processes and some organizations with a great work process have poor results. Why is this? The reason is that maintenance results or maintenance value is dependent on more than … Read more Why Doesn’t a Great Maintenance Process Equal Great Results? (Part 1) – Becht

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RAM Industries Inc.
Becht
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Osperity

FEATURE: RAM Industries Telescopic Cylinder Solutions

RAM Feature Logo 400x270

Telescopic hydraulic cylinders play a critical function in oil and gas equipment. Telescopic cylinders provide the leverage and force required in the deployment and decommissioning of drilling rigs. They enable faster and more efficient deployment while keeping safety at the forefront. When selecting telescopic cylinders for your oil and gas equipment, RAM knows you demand … Read more FEATURE: RAM Industries Telescopic Cylinder Solutions

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

You’re Burning Shareholder Value – Innovation in Sour Gas Management that will Mature your ESG Strategy

Integrated-Sustainability-Feature-Logo-400x270-1

Exploration and production (E&P) companies are responsible for managing waste produced as a result of their operations, including waste gases. In some cases, natural gas can be considered a waste gas. More commonly though, natural gas that contains hydrogen sulfide (H2S), called sour gas, needs to be managed. Two common practices used for managing waste … Read more You’re Burning Shareholder Value – Innovation in Sour Gas Management that will Mature your ESG Strategy

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

Jet fuel demand ‘showing signs of life’: U.S. refinery CEO

(Reuters) – Jet fuel demand is picking up, according to a senior refining executive, which could give refiners some hope after the global pandemic boosted distillate inventories and sank margins. Refiners have been mixing jet fuel into diesel inventories for the last several months, since they have been unable to sell the product due to … Read more Jet fuel demand ‘showing signs of life’: U.S. refinery CEO

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

Enbridge to Biden: Lake Michigan Pipeline Tunnel Fits U.S. Plans

Apr 6, 2021 (Bloomberg) Enbridge Inc. wants to show the Joe Biden administration that the tunnel the Canadian company is building for its oil pipeline under Lake Michigan is exactly what the U.S. president’s plan for better infrastructure is all about.The tunnel project for the company’s Line 5, opposed by Michigan Governor and Biden ally Gretchen … Read more Enbridge to Biden: Lake Michigan Pipeline Tunnel Fits U.S. Plans

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

Shell Invests in Sustainable Aviation-Fuel Maker LanzaJet

Apr 6, 2021 (Bloomberg) Royal Dutch Shell Plc has invested in sustainable-fuels technology company LanzaJet, adding to a string of deals positioning the oil giant for the energy transition. The Anglo-Dutch major didn’t disclose financial terms, but its expansion into clean energy has so far comprised small acquisitions, as well as organic growth. That contrasts with … Read more Shell Invests in Sustainable Aviation-Fuel Maker LanzaJet

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

Oil Rebounds Amid Broad Commodities Rally Ahead of Iran Talks

Oil Prices Up

Apr 6, 2021 (Bloomberg) Oil rebounded, mirroring a broader rally in commodities, ahead of talks on reviving the Iranian nuclear accord. West Texas Intermediate rose 2.3%, with most other commodities also climbing. Crude had plunged on Monday amid a resurgence in Covid infections in Europe and an imminent increase in OPEC+ supplies, which could swell further with … Read more Oil Rebounds Amid Broad Commodities Rally Ahead of Iran Talks

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

Private Equity Sees Shale Escape Route by Building Cash Flow

Apr 5, 2021 (Bloomberg) Private-equity firms that bet big on shale for more than a decade finally are seeing glimmers of hope that their investments will bear fruit. Pioneer Natural Resources Co. took analysts and investors by surprise with its $6.4 billion deal to buy DoublePoint Energy LLC, a Permian shale powerhouse backed by Apollo Global Management Inc., … Read more Private Equity Sees Shale Escape Route by Building Cash Flow

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

Exxon sues Energy Transfer over charges from pipeline dispute

(Reuters) -Exxon Mobil Corp’s XTO Energy shale unit filed a breach of contract lawsuit against Energy Transfer LP over disputed payments for the Dakota Access Pipeline, according to a Texas state court filing. The suit alleges the pipeline operator hit XTO with deficiency charges and revoked other credits after the oil producer shifted some oil … Read more Exxon sues Energy Transfer over charges from pipeline dispute

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

Column: OPEC+ bets crude oil demand will recover as fast as output returns

LAUNCESTON, Australia (Reuters) – The move by the OPEC+ group of oil exporters to ease their output restrictions from May onwards is effectively a bet that the current soft demand for crude will improve at the same pace as production returns. If history is a guide, it will be extremely difficult to get that balance … Read more Column: OPEC+ bets crude oil demand will recover as fast as output returns

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Rebound in Iranian exports unlikely to shock oil markets: Goldman Sachs

(Reuters) – Goldman Sachs said a potential recovery in Iran exports won’t come as an “exogenous” shock to the oil market and full recovery won’t occur until summer 2022, as U.S. and Iranian officials were due to begin indirect talks in Vienna on Tuesday on the Iran nuclear deal. “With OPEC+ appearing to manage its … Read more Rebound in Iranian exports unlikely to shock oil markets: Goldman Sachs

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Brookfield, BlackRock no longer in race for over $10 billion Aramco pipeline stake

DUBAI (Reuters) – U.S. asset manager BlackRock and Canada’s Brookfield Asset Management Inc are no longer in the race to buy a stake in Saudi oil giant Aramco’s pipeline business, two sources familiar with the deal said. Apollo Global Management and New York-based Global Infrastructure Partners (GIP) are among the bidders still in the race … Read more Brookfield, BlackRock no longer in race for over $10 billion Aramco pipeline stake

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U.S. LNG export bonanza reshapes energy map in Asia

TOKYO (Reuters) -U.S. exports of liquefied natural gas (LNG) to China, Japan and South Korea, the biggest importers of the fuel, have surged to record highs in recent months as the heavily industrialised region recovers from the COVID-19 pandemic, Eikon trade data shows. As with the ramp-up of U.S. oil exports that forced heavyweights like … Read more U.S. LNG export bonanza reshapes energy map in Asia

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Pioneer Natural falls after fourth multi-billion shale deal of the year 

(Reuters) -Shares of Pioneer Natural Resources declined more than 6% as the U.S. oil producer’s $6.4 billion acquisition of rival DoublePoint Energy months after a large deal took investors by surprise, with the sector still recovering from last year’s crash. Pioneer’s fourth multi-billion shale deal this year comes as investors in the shale patch have … Read more Pioneer Natural falls after fourth multi-billion shale deal of the year 

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Oil loses over $2/bbl as rising OPEC+, Iranian output weighs

Reuters -Oil fell more than 3% on Monday as rising supply from OPEC+ and higher Iranian output countered signs of a strong economic rebound in the United States and expectations of a wider demand recovery in 2021. Brent crude for June fell $2.11, or 3.3%, to $62.75 a barrel by 11:21 p.m. EDT (1521 GMT). … Read more Oil loses over $2/bbl as rising OPEC+, Iranian output weighs

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KKR to Buy Stake in Sempra Infrastructure for $3.37 Billion

Apr 5, 2021 (Bloomberg) KKR & Co. agreed to pay $3.37 billion for a 20% stake in a Sempra Energy unit comprising the U.S. company’s infrastructure assets, including a liquefied natural gas project and a Mexican renewables and pipelines operator. The deal values Sempra Infrastructure Partners at about $25.2 billion, including expected asset-related debt, Sempra said … Read more KKR to Buy Stake in Sempra Infrastructure for $3.37 Billion

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China, U.S. Made 2020 a Record Year for Renewable Power Growth

Apr 5, 2021 (Bloomberg)  A record amount of renewable energy capacity was built last year, thanks largely to investments in China and the U.S., according to the International Renewable Energy Agency.Renewables — mostly in the form of wind and solar — accounted for 82% of new electricity installation in 2020, said Abu Dhabi-based Irena, which … Read more China, U.S. Made 2020 a Record Year for Renewable Power Growth

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World’s Biggest Solar Company Joins the Hydrogen Game

Apr 5, 2021 (Bloomberg) China’s Longi Green Energy Technology Co., the world’s biggest solar company, is entering the hydrogen market, industry publication Solarzoom reported.Xi’an Longi Hydrogen Technology Co. was registered March 31 in China, according to Solarzoom. Longi’s billionaire founder and president Li Zhenguo is serving as the company’s chairman, and the shareholders are Xi’an Longi Green … Read more World’s Biggest Solar Company Joins the Hydrogen Game

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Oil Falls as India Virus Cases Surge, OPEC+ Opts to Boost Output

Apr 5, 2021 (Bloomberg) Oil fell after OPEC+ decided to increase output from next month and coronavirus cases in India surged, potentially sapping demand in the world’s third-biggest importer.West Texas Intermediate and Brent both dropped as much as 2.4%, paring gains on Thursday, the last day of trading due to a holiday on Friday. OPEC+ opted last week to raise … Read more Oil Falls as India Virus Cases Surge, OPEC+ Opts to Boost Output

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Ensuring process unit safety with TESCOM™ Anderson Greenwood Valves

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Emerson’s TESCOM AGI is your best choice for instrument valves, manifolds, and instrument enclosure systems. Westech Industrial offers a full range of TESCOM AGI products that are manufactured and built to perform. With decades of innovative engineering expertise, combined with our trusted global presence, the TESCOM AGI brand is one of the world’s single sources … Read more Ensuring process unit safety with TESCOM™ Anderson Greenwood Valves

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Digitizing the Transportation of Dangerous Goods Process – Payload Technologies

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Transport Canada is running a sandbox project to “evaluate whether electronic shipping documents can help us reach a level of safety that is equivalent or better than paper documents, and if so, under what conditions.” While the onus is placed on the transport companies who need to apply for an Equivalency Certificate to run digitally, … Read more Digitizing the Transportation of Dangerous Goods Process – Payload Technologies

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CASE STUDY: Salt Water Lines – Using Dogs to Find Your Leaks

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Results with DDSI Ltd. Dogs: Accurate to within 1 metre Cost savings factors are huge Time saving factors also huge Challenges for our customer: The customer operates man old salt water line for injection purposes but over time the steel lines corrode and leak. If the leaks are on private farm land or near watersheds … Read more CASE STUDY: Salt Water Lines – Using Dogs to Find Your Leaks

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U.S. drillers add most oil rigs in a week since January 2020: Baker Hughes

(Reuters) – U.S. energy firms added the most number of oil rigs in a week since January 2020 as higher oil prices in recent months have prompted drillers to return to the wellpad. The combined oil and gas rig count, an early indicator of future output, rose 13 to 430 in the week to April … Read more U.S. drillers add most oil rigs in a week since January 2020: Baker Hughes

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Future of ‘Broken’ Oil Drilling Rights Program Under Review, Interior Head Says

Apr 2, 2021 (Bloomberg) The U.S. government program for selling drilling rights on federal land is so “fundamentally broken” that changes could be needed to address climate change and ensure taxpayers get a greater value from extracted oil and gas, Interior Secretary Deb Haaland said Friday.“The American taxpayers deserve to have a return on on … Read more Future of ‘Broken’ Oil Drilling Rights Program Under Review, Interior Head Says

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Oil Giants Win New York City Climate Suit as Judges Push For Political Fix

Apr 1, 2021 (Bloomberg) –New York City suffered another setback in its effort to make Exxon Mobil Corp., BP Plc and other energy companies help cover the public costs of dealing with climate change, as a federal appeals court ruled the global problem demands political rather than legal action.The ruling Thursday by the U.S. Court … Read more Oil Giants Win New York City Climate Suit as Judges Push For Political Fix

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Biden admin aims for U.S. leadership in offshore wind

(Reuters) – The Biden administration aims to transform the United States into the world’s leading producer of energy from offshore wind after years of lagging behind Europe, a senior official said on Wednesday. President Joe Biden’s cabinet earlier this week unveiled a plan to boost the industry that promised new acreage, faster permitting, and billions … Read more Biden admin aims for U.S. leadership in offshore wind

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U.S. voices concern to Mexico about ‘deteriorating climate’ for energy investors

MEXICO CITY (Reuters) – The United States has raised concerns with Mexico about a worsening climate for U.S. energy investors in the Latin American nation, the Office of the United States Trade Representative (USTR) said. Mexican President Andres Manuel Lopez Obrador, bidding to reverse previous reforms that enticed foreign investors, has sought to strengthen the … Read more U.S. voices concern to Mexico about ‘deteriorating climate’ for energy investors

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White House Wants Nuclear in Clean Energy Mandate, McCarthy Says

(Bloomberg) Nuclear energy should be one of the power sources eligible for a national clean energy mandate sought by the White House as part of its infrastructure plan, presidential climate adviser Gina McCarthy told reporters.McCarthy’s remarks on Thursday came amid concern about the carbon-free fuel source from progressives and some environmentalists who have qualms about radioactive … Read more White House Wants Nuclear in Clean Energy Mandate, McCarthy Says

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Why Biden’s Infrastructure Plan Is a Green Jobs Plan

Apr 2, 2021 (Bloomberg) “Once you put capital money to work, jobs are created.” These are not the words of President Joe Biden, announcing his administration’s infrastructure plan in Pittsburgh on Wednesday. Nor were they the words of Transportation Secretary Pete Buttigieg, standing on a train platform to announce expanded service, or of any of the administration’s economists charged … Read more Why Biden’s Infrastructure Plan Is a Green Jobs Plan

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Make a BIG Impact in 2021 – Kick Start Your Digital Marketing: Details Here

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How Does EnergyNow Kick Start Your Company’s Digital Marketing? Effectively markets your products or services to an energy industry audience. Consistently gets your company exposure.  Generate leads and exposure for your company. Generates brand recognition.  Compliments your direct sales efforts. Grows your social media following with EnergyNow exposure. Provides you with a content marketing plan. … Read more Make a BIG Impact in 2021 – Kick Start Your Digital Marketing: Details Here

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U.S. shale producer Pioneer Natural to buy DoublePoint Energy in $6.4 billion deal

(Reuters) – Oil and gas producer Pioneer Natural Resources said on Thursday it would acquire privately-held DoublePoint Energy in a deal valued at about $6.4 billion, as it looks to strengthen its position in the Permian Basin. Pioneer said the acquired acreage is primarily undrilled and increases its acreage position to more than one million … Read more U.S. shale producer Pioneer Natural to buy DoublePoint Energy in $6.4 billion deal

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RAM Industries Inc.
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No New Gas Taxes: White House rejects corporate ask on infrastructure funding

gas pumps

WASHINGTON (Reuters) – The White House on Thursday rejected the idea of raising gas taxes as a way to pay for President Joe Biden’s $2.3 trillion infrastructure plan, setting the stage for a fight with business groups that are calling for U.S. drivers to foot the bill instead of corporate tax hikes. Biden’s plan calls … Read more No New Gas Taxes: White House rejects corporate ask on infrastructure funding

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RAM Industries Inc.
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OPEC+ Shows Confidence in Economic Recovery With Oil-Supply Hike

Apr 1, 2021 (Bloomberg) OPEC+ expressed growing confidence in the global economic recovery by agreeing to increase oil production gradually in the coming months. Before Thursday’s meeting, the cartel had been widely expected to maintain its cautious stance by rolling over the current supply cuts, just as it did last month. Yet Saudi Arabia and its … Read more OPEC+ Shows Confidence in Economic Recovery With Oil-Supply Hike

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Exxon expects to restore retirement match, avoid layoffs: CEO

(Reuters) – Exxon Mobil expects to restore its contribution to the U.S. employee retirement savings plan this year and does not plan another major set of layoffs, Chief Executive Darren Woods told employees in a meeting this week. The top U.S. oil producer last year slashed project spending and reduced output as it incurred a … Read more Exxon expects to restore retirement match, avoid layoffs: CEO

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OPEC+ to Choose Between Gradual Output Hikes or Keeping Cuts

Apr 1, 2021 (Bloomberg) The OPEC+ meeting on Thursday will discuss whether to resume a monthly schedule of modest and gradual production increases or maintain current output cuts, according to a delegate. The choice between those two options could still go either way, the delegate said, asking not to be named because the information wasn’t public. … Read more OPEC+ to Choose Between Gradual Output Hikes or Keeping Cuts

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Spending & Tax Hikes: Biden’s $2.25 Trillion Plan Squeezed By All Sides in Congress

Apr 1, 2021 (Bloomberg) President Joe Biden laid out what he called a “bold” plan to rebuild U.S. infrastructure, but now needs an equally ambitious effort to wrangle it through Congress in the face of Republican opposition and criticism from within his Democratic Party.Biden, in a speech Wednesday in Pittsburgh, invoked the great public investments of … Read more Spending & Tax Hikes: Biden’s $2.25 Trillion Plan Squeezed By All Sides in Congress

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Oil Climbs With OPEC+ to Choose Between Hike or Holding Cuts

Oil Prices Up

By Elizabeth Low and Alex Longley Apr 1, 2021 (Bloomberg)Oil gained in New York as OPEC+ started a high-stakes meeting to decide whether to extend deep supply curbs or ease them. Crude was volatile on Thursday with a delegate earlier saying that the group would also debate a modest rollback of its production cuts, a move the … Read more Oil Climbs With OPEC+ to Choose Between Hike or Holding Cuts

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Biden’s Latest Surprise Boost for Oil Involves Lots of Asphalt

Apr 1, 2021 (Bloomberg) President Joe Biden, who made clean energy a core tenet of his campaign, plans to set off one more oil-sector boom before shadows descend on fossil fuels.In a $2.25 trillion infrastructure proposal unveiled Wednesday, Biden earmarked $115 billion for roads and bridges, and another $16 billion to put laid-off oilfield laborers to work plugging abandoned wells … Read more Biden’s Latest Surprise Boost for Oil Involves Lots of Asphalt

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U.S. crude inventories fall in latest week: EIA

NEW YORK (Reuters) – U.S. crude stocks fell unexpectedly last week, while gasoline stocks decreased and distillate inventories rose, the Energy Information Administration said on Wednesday. Crude inventories fell by 876,000 barrels in the last week, compared with analysts’ expectations for an increase of 107,000 barrels. Crude stocks at the Cushing, Oklahoma, delivery hub rose … Read more U.S. crude inventories fall in latest week: EIA

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U.S. gasoline demand exceeds 2020 levels for first time in 2021

gas pumps

NEW YORK (Reuters) – U.S. gasoline sales for 2021 have exceeded prior-year levels for the first time since last March, when officials first started to widely impose coronavirus lockdowns, according to a report on Tuesday from the Oil Price Information Service by IHS Markit. However, demand still trails pre-pandemic levels, and the year-on-year increase is … Read more U.S. gasoline demand exceeds 2020 levels for first time in 2021

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Oil Fluctuates Above $60 as OPEC+ Seen Rolling Over Supply Curbs

Mar 31, 2021 (Bloomberg) Oil traded near $60 a barrel in New York ahead of an OPEC+ meeting this week, with the group expected to maintain its cautious stance on boosting output as near-term demand concerns persist. West Texas Intermediate moved between small gains and losses, after dropping 1.6% on Tuesday. In the run-up to Thursday’s closely … Read more Oil Fluctuates Above $60 as OPEC+ Seen Rolling Over Supply Curbs

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RAM Industries Inc.
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Biden Plans $2.25 Trillion Spending, Corporate Tax Hikes

 Mar 31, 2021 (Bloomberg) President Joe Biden will unveil a $2.25 trillion U.S. infrastructure plan Wednesday — paid for by tax hikes on businesses — that his administration said will prove the most sweeping since investments in the 1960s space program. The four-part, eight-year plan dedicates $620 billion for transportation, including a doubling in federal funding … Read more Biden Plans $2.25 Trillion Spending, Corporate Tax Hikes

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RAM Industries Inc.
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OPEC oil output rises in March, led by Iran

LONDON (Reuters) – OPEC oil output has risen in March as higher supply from Iran countered reductions by other members under a pact with allies, a Reuters survey found, a headwind for its supply-limiting efforts if Tehran’s boost is sustained. The 13-member Organization of the Petroleum Exporting Countries pumped 25.07 million barrels per day (bpd) … Read more OPEC oil output rises in March, led by Iran

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Biden Proposal: $174 Billion for EVs, New Funds for Renewable Power

WASHINGTON (Reuters) – President Joe Biden’s vast infrastructure plan includes $174 billion to boost the markets for electric vehicles and billions more for renewable power – both provisions aimed at weaning the U.S. off of fossil fuels and combating climate change. The $2 trillion plan, which also seeks to invest in traditional projects like roads … Read more Biden Proposal: $174 Billion for EVs, New Funds for Renewable Power

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OPEC cuts, Vaccines to Sustain Oil’s Recovery

(Reuters) – Oil prices will stabilise above $60 a barrel level this year, as vaccine rollouts support a demand recovery and OPEC and its allies continue to rein in supply, a Reuters poll showed on Wednesday. The survey of 48 participants forecast Brent would average $63.12 per barrel in 2021, up from last month’s consensus … Read more OPEC cuts, Vaccines to Sustain Oil’s Recovery

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Robots May Replace 20% of Oilfield Jobs in a Decade, Report Says

The U.S. oil industry could save more than $7 billion in wages by replacing human roughnecks with robots on rigs, according to a report from Rystad Energy.At least two out of every 10 oil workers globally in drilling, operational support and maintenance could be replaced by automation in the field over the next decade, the energy data … Read more Robots May Replace 20% of Oilfield Jobs in a Decade, Report Says

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HF Alkylation Capabilities – Becht

Becht has a team of HF Alky experts that have established and led the alkylation networks and licensing activities for companies like XOM, BP, P66, Shell, and UOP. Becht SMEs have worked in over 95% of the refineries in North America and many others internationally and bring an owner-operator perspective of safety, reliability, quality, cost, … Read more HF Alkylation Capabilities – Becht

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Breaking from the Energy Herd and Surviving the Energy Crisis

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Read the online article HERE Governments globally are lining up to set ambitious climate targets for the mid-part of this century. Significant recent “net zero” CO2 announcements from China, Japan and South Korea are countering much of the climate narrative coming out of the United States. What we are seeing play out is a geopolitical … Read more Breaking from the Energy Herd and Surviving the Energy Crisis

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QTest Inspection: We specialize in Pipeline Integrity… Insuring Regulatory Compliance and Cost Savings

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QTest inspection has been supplying Nondestructive Testing (NDT) services throughout Western Canada since 1995. Our services are not limited to Radiographic Testing (RT), Ultrasonic Thickness Testing (UT), Magnetic Particle Testing (MT), Liquid Penetrant Testing (PT) and Hardness Testing (HT), to name a few. With our experience, we are mandated to help clients adhere to regulatory compliance and … Read more QTest Inspection: We specialize in Pipeline Integrity… Insuring Regulatory Compliance and Cost Savings

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Oil & Gas Technology Summit 2021 – June 10, 2021 – Registration Now Open

Taking place online, this oil and gas summit will feature services and technology being offered from organizations across Alberta. This is an event open to both members and non-members of Alberta Tech Forum, however it is limited to senior leadership personnel for medium to large sized organizations. When June 10, 2021 Schedule 1 PM – … Read more Oil & Gas Technology Summit 2021 – June 10, 2021 – Registration Now Open

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Texas Moves to Kill Gas Bans Proposed by Austin, Others

Mar 30, 2021 (Bloomberg) Texas moved to stop the city of Austin and others from imposing a California-style ban on natural gas in new homes and buildings, the latest salvo in the gas industry’s bid to protect itself from local climate regulations.The Texas House of Representatives advanced a bill Tuesday that would bar cities and towns from restricting … Read more Texas Moves to Kill Gas Bans Proposed by Austin, Others

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Duke Energy Says It Can’t Reach Carbon-Cutting Targets Without Nuclear

Duke Energy, one of the biggest U.S. power companies, isn’t going to reach its carbon-cutting goals without the help of a controversial source: nuclear power.That’s according to Chief Executive Officer Lynn Good, who spoke Tuesday at panel called the Future of Energy. Nuclear power is relatively expensive and some environmental groups worry about accidents and the storing of spent … Read more Duke Energy Says It Can’t Reach Carbon-Cutting Targets Without Nuclear

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OPEC internal report sees oil stocks falling more in 2021

By Reuters Staff LONDON (Reuters) – OPEC expects oil inventories to drop by about 445 million barrels in 2021 in the latest supply and demand outlook being reviewed by a technical meeting on Tuesday, according to a copy of the report seen by Reuters. The figure is larger than the implied 2021 stock draw of … Read more OPEC internal report sees oil stocks falling more in 2021

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Natural Gas Services Group, Inc. Reports Year End and Fourth Quarter 2020 Earnings

March 30, 2021 06:00 ET | Source: Natural Gas Services Group, Inc. Natural Gas Services Group, Inc. (NYSE:NGS) (the “Company” or “NGS”), a leading provider of gas compression equipment and services to the natural gas and oil industry, announces its financial results for the three months and full year ended December 31, 2020. Financial results contained herein reflect … Read more Natural Gas Services Group, Inc. Reports Year End and Fourth Quarter 2020 Earnings

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RAM Industries Inc.
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Texas Moves to Make Power Plants Winterize, Bar Future Griddys

Mar 30, 2021 (Bloomberg) The Texas Senate passed a sweeping bill to overhaul the state’s electricity market following last month’s historic blackouts by forcing power plants to winterize and barring the type of business model used by Griddy Energy. The measure, which still needs approval by the state’s House of Representatives, would require the owners of all … Read more Texas Moves to Make Power Plants Winterize, Bar Future Griddys

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Becht
RAM Industries Inc.
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Saudi wants OPEC+ to extend oil cuts into June, source says

DUBAI/LONDON/MOSCOW (Reuters) – Saudi Arabia is prepared to support extending oil cuts by OPEC and its allies into June and is also ready to prolong its own voluntary cuts to boost prices amid a new wave of coronavirus lockdowns, a source briefed on the matter said on Monday. After steady oil price gains earlier this … Read more Saudi wants OPEC+ to extend oil cuts into June, source says

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RAM Industries Inc.
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Oil Slips Below $61 With Dollar Climbing and OPEC+ Meeting Ahead

Mar 30, 2021 (Bloomberg) Oil fell beneath $61 a barrel in New York, hampered by a stronger dollar, as traders weighed risks to the demand recovery ahead of OPEC+’s ministerial meeting this week. West Texas Intermediate slid 1.7%, while the greenback was stronger, making commodities priced in the currency less attractive. Treasury yields also climbed. While fuel … Read more Oil Slips Below $61 With Dollar Climbing and OPEC+ Meeting Ahead

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

Exxon, Chevron take a slow walk on the path to U.S. shale recovery

(Reuters) – Exxon Mobil and Chevron Corp have scaled back activity dramatically in the top U.S. shale oil field, where just a year ago the two companies were dominating in the high-desert landscape. The cautious approach of the two largest U.S. oil companies is a major reason domestic oil production has been slow to rebound … Read more Exxon, Chevron take a slow walk on the path to U.S. shale recovery

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Becht
RAM Industries Inc.
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Osperity

Pipeline Giant Kinder Morgan Seeks to Expand CO2 Business in Clean Energy Push

Mar 29, 2021 Pipeline giant Kinder Morgan Inc. plans to expand its carbon-capture business, joining the ranks of major oil and gas companies capitalizing on clean energy investing.Fueled by a push to eliminate greenhouse gas emissions, carbon capture and renewable energy projects are sprouting up alongside Kinder Morgan’s massive network of pipelines crisscrossing the U.S., … Read more Pipeline Giant Kinder Morgan Seeks to Expand CO2 Business in Clean Energy Push

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Becht
RAM Industries Inc.
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Biden targets big offshore wind power expansion to fight climate change

Wind Turbines

(Reuters) – The Biden administration on Monday unveiled a goal to expand the nation’s fledgling offshore wind energy industry in the coming decade by opening new areas to development, accelerating permits, and boosting public financing for projects. The plan is part of President Joe Biden’s broader effort to eliminate U.S. greenhouse gas emissions to fight … Read more Biden targets big offshore wind power expansion to fight climate change

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Biden Team Boosts Effort to Shield Power Grid From Cyber Threats

Mar 28, 2021 The Biden administration is escalating efforts to safeguard the U.S. power grid from hackers, developing a plan to better coordinate with industry to counter threats and respond to attacks, said people familiar with the matter.Top administration officials, including Energy Secretary Jennifer Granholm and Deputy National Security Adviser Anne Neuberger, briefed top utility … Read more Biden Team Boosts Effort to Shield Power Grid From Cyber Threats

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Oil Rises for Second Day With Focus Moving Toward OPEC+ Meeting

Oil Prices Up

Mar 29, 2021 (Bloomberg) Oil climbed to the highest in almost two weeks as traders looked ahead to this week’s OPEC+ meeting with speculation that renewed demand concerns will spur the group to keep production in check. Futures rose nearly 1% in New York, notching a second straight daily gain. Worries over the near-term recovery in … Read more Oil Rises for Second Day With Focus Moving Toward OPEC+ Meeting

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NFTs And The Oil And Gas Industry – Geoffrey Cann

By Geoffrey Cann A non fungible token or NFT for a digital work of art sold recently for several million in crypto currency, which raises the question of how NFTs might apply to oil and gas. Why We Collect Things I was dusting the mantle over the fireplace this week (because in the lockdown I’m … Read more NFTs And The Oil And Gas Industry – Geoffrey Cann

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Coal Country Races to Shield Itself From Biden’s Climate Plan

Mar 29, 2021 (Bloomberg) Coal’s slow downfall is gaining momentum across the U.S. as clean energy becomes cheaper and wins widespread support, but lawmakers in mining states from Wyoming to West Virginia are determined to fight back with a series of roadblocks to President Joe Biden’s plan to cut greenhouse-gas emissions. Seeking to prolong the lifespan of an industry that’s vital to … Read more Coal Country Races to Shield Itself From Biden’s Climate Plan

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Devon Energy Issues Updated Guidance Including Impact from Winter Storm and Asset Sale

March 29, 2021 KEY MESSAGES Devon provided guidance for the first quarter and full-year 2021, adjusted for weather and an asset sale Severe winter weather is estimated to reduce first-quarter production by 8 percent Guidance excludes WPX results prior to the acquisition close date of Jan. 7, 2021 Sale of Wind River asset in Wyoming … Read more Devon Energy Issues Updated Guidance Including Impact from Winter Storm and Asset Sale

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China generated over half world’s coal-fired power in 2020: study

SHANGHAI (Reuters) – China generated 53% of the world’s total coal-fired power in 2020, nine percentage points more that five years earlier, despite climate pledges and the building of hundreds of renewable energy plants, a global data study showed on Monday.) Although China added a record 71.7 gigawatts (GW) of wind power and 48.2 GW … Read more China generated over half world’s coal-fired power in 2020: study

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China Signs 25-Year Deal With Iran in Challenge to the U.S.

By Arsalan Shahla  Mar 28, 2021 (Bloomberg) China and Iran signed an overarching deal aimed at charting the course of their economic, political and trade relations over the next 25 years. The Chinese government plans to invest in Iran and buy oil from the Islamic Republic, further straining ties with the U.S. already frayed by China’s … Read more China Signs 25-Year Deal With Iran in Challenge to the U.S.

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Oil Rises With Market Eyeing OPEC+ Meeting, Suez Canal Reopening

Mar 29, 2021 (Bloomberg) Oil rose with traders looking ahead to an OPEC+ meeting this week and as salvage teams partially refloated the giant vessel that has been blocking the Suez Canal for days.West Texas Intermediate erased earlier declines, following volatile trading in recent days. The market’s focus remains on the demand impact of renewed coronavirus lockdowns before … Read more Oil Rises With Market Eyeing OPEC+ Meeting, Suez Canal Reopening

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

(Reuters) – U.S. energy firms added oil and natural gas rigs this week, with the total count rising for an eighth month and a second quarter in a row as higher oil prices prompt drillers back to the wellpad. The oil and gas rig count, an early indicator of future output, rose six to 417 … Read more U.S. drillers add oil & gas rigs for second quarter in a row: Baker Hughes

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Convert, Compress, or Combust? Solutions for Waste Gas Venting for Pneumatic Instruments

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Methane, the primary component of natural gas, has a greenhouse gas intensity 25 times greater than carbon dioxide. The oil and gas sector is responsible for 31% of all methane vented each year in the United States with over a third of methane venting coming from gas-driven pneumatic controllers and pumps. How do these instruments … Read more Convert, Compress, or Combust? Solutions for Waste Gas Venting for Pneumatic Instruments

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PROVEN OIL & GAS SOLUTIONS: Measurable Performance – Westech

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In the oil and gas industry, the flow of liquids and gases must be measured during every phase of exploration, production and transportation. Upstream operations span offshore and onshore activities, including well testing, enhanced oil recovery, fractionation, completion, and separation to recover and prepare crude oil and natural gas. These applications demand the highest flow … Read more PROVEN OIL & GAS SOLUTIONS: Measurable Performance – Westech

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GEMINI INTERVIEW SERIES | EPISODE 03

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GEMINI INTERVIEW SERIES | EPISODE 03 Gemini Fabrication has released the second episode in our mini-interview series. Come with us as we take you on a journey to meet some of the leaders and industry experts who help make Gemini Fabrication the #1 Fabricator in Western Canada. Find out from the inside why Gemini has continually … Read more GEMINI INTERVIEW SERIES | EPISODE 03

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A Fabricator Strategy Proven to Accelerate Project Schedules and Reduce Cost

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By Vista Projects In our last article, we looked at how the project execution plan (PEP) has evolved with the advancement of new digital tools. In this article, we’re going to review a fabrication strategy that has proven to be an effective way to shorten project schedules. We’ll explain how we used to do it … Read more A Fabricator Strategy Proven to Accelerate Project Schedules and Reduce Cost

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Column: U.S. gas industry increasingly relies on LNG exports

By John Kemp LONDON (Reuters) – U.S. gas producers have become increasingly reliant on liquefied natural gas (LNG) exports to Europe and Asia to absorb their growing output and prevent domestic prices from plunging as a result of oversupply. Between 2015 and 2020, U.S. gas production grew roughly twice as fast (4.3% per year on … Read more Column: U.S. gas industry increasingly relies on LNG exports

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New Mexico Passes Stricter Rules to Cut Gas Flaring

(Bloomberg)  New Mexico, home to the most prized portion of the Permian Basin shale formation, became the latest state to impose stricter rules to combat the flaring and venting of natural gas. The three-member New Mexico Oil Conservation Commission voted unanimously on Thursday for rules that are set to go into effect as early as … Read more New Mexico Passes Stricter Rules to Cut Gas Flaring

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Blinken says finishing Nord Stream 2 pipeline ultimately up to builders

WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken said in an interview broadcast on Sunday that it was ultimately up to those building the Nord Stream 2 natural gas pipeline whether to complete it despite opposition from Washington. On Wednesday, Blinken said he had told his German counterpart that U.S. sanctions against the pipeline … Read more Blinken says finishing Nord Stream 2 pipeline ultimately up to builders

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Commentary: U.S. Reliance on Foreign Oil Imports – A Primer

Canada is the only ‘Free’ country on the list of top U.S. oil suppliers By Mark Milke and Lennie Kaplan Large oil refinery complex in Los Angeles, California. Getty Images photo Imagine you’re in Germany and wonder if it’s a good idea to rely so heavily on natural gas imports from Russia, where the governing regime is accused by your own German politicians of killing journalists and of an attempted murder of the Russian Opposition … Read more Commentary: U.S. Reliance on Foreign Oil Imports – A Primer

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Bonanza Creek Energy and HighPoint Resources Announce Expected Closing Date of Merger

March 26, 2021 DENVER, March 26, 2021 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE: BCEI) (the “Company” or “Bonanza Creek”) and HighPoint Resources Corporation (NYSE: HPR) (“HighPoint”) today announced that they expect to close the previously announced merger (the “Merger”) on April 1, 2021. The closing of the Merger remains subject to the conditions … Read more Bonanza Creek Energy and HighPoint Resources Announce Expected Closing Date of Merger

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Abu Dhabi Wants to Revolutionize How Middle East Oil Is Sold

Mar 28, 2021 (Bloomberg)Tucked between the Gulf of Oman and a craggy mountain range, the dusty port Fujairah isn’t an obvious base from which to try and revolutionize the Middle East’s oil markets. But on Monday, when Abu Dhabi begins selling futures contracts for its oil and then shipping the barrels from Fujairah, it will … Read more Abu Dhabi Wants to Revolutionize How Middle East Oil Is Sold

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Suez Canal steps up efforts to free stuck vessel, U.S. watches energy market impact

CAIRO (Reuters) – Dredging and tugging aimed at freeing a mega vessel stuck in the Suez Canal failed on Friday to end a blockage that has lifted shipping rates for fuel tankers and scrambled global supply chains for everything from grains to baby clothes. U.S. President Joe Biden said his administration was looking at what … Read more Suez Canal steps up efforts to free stuck vessel, U.S. watches energy market impact

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Oil jumps 4% on fears Suez Canal blockage may last weeks

NEW YORK (Reuters) – Oil prices rose more than 4% on Friday on worries global supplies of crude and refined products could be disrupted for weeks as workers try to dislodge a giant container ship blocking the Suez Canal. It was a rebound from a sharp decline the previous session on concerns that fresh coronavirus … Read more Oil jumps 4% on fears Suez Canal blockage may last weeks

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Buffett’s Berkshire Floats $8.3 Billion Natural Gas Fix for Texas Grid

Mar 25, 2021 (Bloomberg) Warren Buffett’s Berkshire Hathaway Inc. is proposing an $8.3 billion plan to help Texas avoid a repeat of February’s blackouts: Building a lot of new natural gas plants.The conglomerate is asking state lawmakers to approve a plan for a new company that would add about 10 gigawatts of gas plants and emergency … Read more Buffett’s Berkshire Floats $8.3 Billion Natural Gas Fix for Texas Grid

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U.S. foreign oil imports: $1.8 trillion from tyrannies and autocracies since 1993

Of the top 10 suppliers of foreign oil to the U.S. over nearly three decades, only Canada was considered a ‘Free’ nation By Lennie Kaplan and Mark Milke Follow CEC on Linkedin  CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter A line of oil tankers transporting fuel to the refineries located along the Mississippi River … Read more U.S. foreign oil imports: $1.8 trillion from tyrannies and autocracies since 1993

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Gazprom chairman says Nord Stream 2 gas pipeline to be finished this year despite U.S. pressure

MOSCOW (Reuters) – The chairman of Russian gas producer Gazprom’s board was cited by the TASS news agency on Friday as saying that construction of the Nord Stream 2 gas pipeline to Germany would be completed this year despite U.S. opposition to the project. The United States said this week that sanctions against the pipeline … Read more Gazprom chairman says Nord Stream 2 gas pipeline to be finished this year despite U.S. pressure

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Oil Gains With Broader Markets While Suez Impact Limited

Mar 26, 2021 (Bloomberg) Oil resumed gains, mirroring sentiment in broader markets, after a volatile few days that that saw prices swing wildly around $60 a barrel.Futures in New York climbed 2.2% with a gauge of market volatility at its highest since November. The Suez Canal blockage is rumbling on, but its impact on headline … Read more Oil Gains With Broader Markets While Suez Impact Limited

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What a Long Suez Canal Closure Means for the Oil Price

Faltering demand isn’t the only reason crude markets have been unmoved by the Suez blockage. The waterway just isn’t what it once was for oil tankers. By Julian Lee March 25, 2021 We’re probably looking now at the longest ever accidental closure of the Suez Canal, the vital trade link from the Middle East and Asia to … Read more What a Long Suez Canal Closure Means for the Oil Price

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The Oil Industry’s Biggest Spending Driller Is Now in China

Mar 25, 2021 (Bloomberg) China’s fear of dependence on foreign suppliers means its biggest oil company plans to be the world’s top-spending driller this year, even as it says the nation’s demand for crude is plateauing. PetroChina Co. plans 239 billion yuan ($37 billion) in annual capital expenditure, the company said Thursday in its annual results. … Read more The Oil Industry’s Biggest Spending Driller Is Now in China

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Energy transition risks political strife in oil-producing countries: report

LONDON (Reuters) – The transition towards green energy imperils oil-producing states that have lagged in diversifying their economies, United Kingdom-based risk consultancy Verisk Maplecroft warned in a report on Thursday. “Algeria, Iraq and Nigeria will be among the first casualties of a slow-motion wave of political instability that will engulf an array of oil producing … Read more Energy transition risks political strife in oil-producing countries: report

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U.S. transport chief not endorsing banning gas-vehicles after 2035

WASHINGTON (Reuters) – U.S. Transportation Secretary Pete Buttigieg said on Thursday he was unaware of any support by the Biden administration to ban gas-powered vehicles after 2035 as California aims to do. Asked by a lawmaker at a U.S. House hearing if the Biden administration supported California’s plan to ban the sale of new gas-powered … Read more U.S. transport chief not endorsing banning gas-vehicles after 2035

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U.S. pledges to slash solar energy costs by 60% in a decade

By Reuters Staff (Reuters) – The Biden administration on Thursday set a goal to cut the cost of solar energy by 60% over the next decade as part of an ambitious plan to decarbonize the United States’ power sector by 2035. The U.S. Department of Energy said the goal accelerates its previous utility-scale solar cost … Read more U.S. pledges to slash solar energy costs by 60% in a decade

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Offshore galore! Wind farms go on the block as valuations spike

FRANKFURT (Reuters) – European utilities are offering a slew of offshore wind farms, eager to cash in on high valuations as investors hungry for stable returns increasingly flock to the sector, people close to the matter said. Demand for such assets has surged as environmentally-conscious investors and industries such as oil and gas seek green … Read more Offshore galore! Wind farms go on the block as valuations spike

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Canada’s top court rules federal carbon pricing is legal, defeats provincial challenges

Mar 25, 2021, 11:29 AM (Bloomberg)Canada’s efforts to combat climate change scored a major victory after the country’s top court ruled that Prime Minister Justin Trudeau’s national carbon tax is constitutional. “Parliament has jurisdiction to enact this law as a matter of national concern,” the Supreme Court of Canada said in its ruling Thursday, which … Read more Canada’s top court rules federal carbon pricing is legal, defeats provincial challenges

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Oil Slumps Again With Volatility Rising Amid Suez Mishap

Mar 25, 2021 (Bloomberg) Oil retreated as traders monitored efforts to dislodge a massive ship blocking the Suez Canal, after two wild days that saw prices whipsaw around 6% in both directions. Futures in New York slid 3%, the latest sizable move this week. Work to re-float the container ship that’s stuck in the canal — a key … Read more Oil Slumps Again With Volatility Rising Amid Suez Mishap

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ESG Stampede Reduces Financing for Carbon-Intensive Companies

Mar 25, 2021 (Bloomberg) The flip side of the stampede into sustainable investments in recent years is that companies with the greatest need to decarbonize are increasingly starved of funding. Lack of finance is the biggest impediment to pivoting the global economy to net-zero emissions, according to a report from Standard Chartered Plc based on a … Read more ESG Stampede Reduces Financing for Carbon-Intensive Companies

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Renewable-Energy Backers Want 10-Year Tax Credits in Biden Plan

Mar 25, 2021 (Bloomberg) The clean energy industry is rushing to hitch a ride on President Joe Biden’s emerging infrastructure plan, lobbying for a decade-long extension of coveted tax credits as the White House drafts a recovery proposal that could top $3 trillion. Lobbyists for the industry want to attach the long-term extension of credits used … Read more Renewable-Energy Backers Want 10-Year Tax Credits in Biden Plan

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Shale Driller Sells Leases for Third of What It Paid in 2014

Gas Refinery

 Mar 24, 2021 (Bloomberg) Ovintiv Inc., the shale oil producer recently pressed by an activist investor to cut its debt load, agreed to sell drilling rights in South Texas to Validus Energy for $880 million.The price tag is less than one-third of the $3.1 billion Ovintiv paid Freeport-McMoRan Copper & Gold Inc. in 2014 to acquire the assets … Read more Shale Driller Sells Leases for Third of What It Paid in 2014

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As Biden launches oil drilling review, leaseholders say idle land part of doing business

(Reuters) – A billionaire investor from Colorado, an entrepreneur from Texas, and a pair of prospectors looking to strike it rich in Nevada. They are among the top holders of idle oil and gas leases on U.S. federal lands, according to a Reuters review of government data. Such companies and individuals that have stockpiled vast … Read more As Biden launches oil drilling review, leaseholders say idle land part of doing business

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Fourteen U.S. states sue Biden administration over oil and gas leasing pause

Mar 24, 2021 (Bloomberg) More than a dozen Republican-led states sued the Biden administration over a climate change initiative they claim would effectively ban oil and gas leases on federal land.President Joe Biden’s Jan. 27 executive order entitled Tackling the Climate Crisis at Home and Abroad violates federal law by sidestepping honest debate on whether the … Read more Fourteen U.S. states sue Biden administration over oil and gas leasing pause

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Scovan hosts 3rd Annual International Women’s Day Forum. Thank you to all our sponsors, speakers and audience members for making this year’s event a success. WATCH NOW Online

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Scovan hosts 3rd Annual International Women’s Day Forum. Thank you for making our event a success! We are overwhelmed with the positive feedback we received from our audience members. We are honored to host such inspiring speakers who made a meaningful impact by sharing their stories. For those of you who missed the event on … Read more Scovan hosts 3rd Annual International Women’s Day Forum. Thank you to all our sponsors, speakers and audience members for making this year’s event a success. WATCH NOW Online

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Oil 2021- Analysis and Forecast to 2026: IEA

The International Energy Agency (IEA) just dropped its Oil 2021 report. It’s an annual opportunity for the IEA to reevaluate their forecasts on oil supply and demand. In this report World oil markets are rebalancing after the Covid 19 crisis spurred an unprecedented collapse in demand in 2020, but they may never return to “normal”. Oil … Read more Oil 2021- Analysis and Forecast to 2026: IEA

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California debating the future of rooftop solar’s biggest incentive

(Reuters) – California’s power utilities have asked state officials to reduce the amount of money homeowners make selling excess electricity from rooftop solar panels into the grid, a proposal that could slow widespread solar adoption. Policies made in California, the nation’s biggest market for rooftop solar panels, often serve as a template for other states … Read more California debating the future of rooftop solar’s biggest incentive

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As Europe tightens lockdowns, OPEC+ to keep oil taps tight -sources

LONDON (Reuters) – With oil prices making steady gains earlier this year, OPEC and other producers had hoped to ease output cuts, but industry sources say a fresh wave of lockdowns around the world threatens to tear up those plans. The OPEC+ group of producers, which are holding back millions of barrels of daily supply, … Read more As Europe tightens lockdowns, OPEC+ to keep oil taps tight -sources

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U.S. oil activity jumps as executives remain wary of OPEC, Biden: survey

(Reuters) – Activity and spending in U.S. oil fields is soaring this year as the industry recovers from last year’s pandemic-driven oil price crash, according to cautiously optimistic energy company executives polled by the Federal Reserve Bank of Dallas in a survey released on Wednesday. While improved oil prices have boosted expectations for 2021, executives … Read more U.S. oil activity jumps as executives remain wary of OPEC, Biden: survey

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Ovintiv Exceeds Divestiture Target, Announces Eagle Ford Sale and Updates Guidance

DENVER, March 24, 2021 /CNW/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced the signing of an agreement to sell its Eagle Ford assets to Validus Energy for $880 million. With this sale, the Company has exceeded its divesture target and, with other items, now anticipates year-end 2021 debt to be below $5 billion using its 2021 planning price deck of $50 WTI … Read more Ovintiv Exceeds Divestiture Target, Announces Eagle Ford Sale and Updates Guidance

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Texas Utility Sues Suppliers for Price-Gouging After February Storm

 Mar 24, 2021 (Bloomberg) The first lawsuits protesting exorbitant gas prices during February’s historic deep freeze have begun. CPS Energy, a Texas utility, is suing energy giants including BP Energy Co., Chevron Corp. and Energy Transfer. CPS supplies over 1.1 million customers in the San Antonio area with power and gas, and is disputing charges amounting … Read more Texas Utility Sues Suppliers for Price-Gouging After February Storm

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U.S. Oil Companies Lag Far Behind Greener Europe Rivals

Mar 24, 2021, (Bloomberg) Europe’s largest oil and gas companies are leaving U.S. rivals further and further behind in the race to cut their reliance on fossil-fuel sales.Total SE, Galp Energia SGPS SA, Equinor ASA, Royal Dutch Shell Plc and Eni SpA are leading the pack, while Exxon Mobil Corp. and Chevron Corp. are among the laggards, according to … Read more U.S. Oil Companies Lag Far Behind Greener Europe Rivals

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Oil Pares Gain With Suez Canal Blockage Set to Be Cleared

 Mar 24, 2021 (Bloomberg) Oil pared gains on expectations that a blockage in the Suez Canal will soon be cleared. Futures in New York traded up 2.2%, after earlier climbing as much as 3.4%. Port agent GAC said the Suez Canal Authority is close to refloating a ship that ran aground on Tuesday, easing concern that vessel traffic could remain … Read more Oil Pares Gain With Suez Canal Blockage Set to Be Cleared

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Enservco Reports 2020 Fourth Quarter and Full Year Financial Results

March 23, 2021 Bank refinancing, debt reduction and equity infusions strengthen balance sheet, providing ample working capital and financial flexibility Aggressive cost reductions align expense structure with lower revenue environment caused by industry downturn and pandemic LONGMONT, Colo., March 23, 2021 (GLOBE NEWSWIRE) — Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized … Read more Enservco Reports 2020 Fourth Quarter and Full Year Financial Results

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U.S. oil companies launch on-site vaccinations as supplies rise

(Reuters) – U.S. energy companies are organizing employee vaccinations as more COVID-19 doses become available, officials and employees told Reuters, setting up on-site clinics or offering time off to workers to get the shot. The drive comes as the United States ramps up shipments, with 164.3 million doses sent since rollouts began, and as more … Read more U.S. oil companies launch on-site vaccinations as supplies rise

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‘Busy on other fronts’ – White House without Trump stays quiet on OPEC

LONDON/WASHINGTON (Reuters) – When oil prices surged during Donald Trump’s term in the White House, OPEC and its allies had to brace for a Twitter storm demanding action to bring prices down. That has all changed under U.S. President Joe Biden. His team barely uttered a word this month when crude soared to more than … Read more ‘Busy on other fronts’ – White House without Trump stays quiet on OPEC

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Commentary: Frothy oil market deflates as virus fears return

LONDON (Reuters) – Oil futures prices have tumbled for the second time in two weeks, skimming some frothiness off the top of the market, which had been anticipating a strong rebound in consumption as people around the world are vaccinated. Front-month Brent prices are trading around $62 per barrel, down by more than $7.50 per … Read more Commentary: Frothy oil market deflates as virus fears return

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Democratic U.S. senators urge Biden to speed sanctions over Nord Stream 2

WASHINGTON (Reuters) – Two senior U.S. Senate Democrats urged President Joe Biden’s administration on Tuesday to apply all its diplomatic weight to stop the Nord Stream 2 natural gas pipeline from Russia to Europe, increasing pressure from members of his party. Senators Bob Menendez, the influential chairman of the Senate Foreign Relations Committee, and Jeanne … Read more Democratic U.S. senators urge Biden to speed sanctions over Nord Stream 2

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WATCH: Global Energy Show 5×5 – Interview with Keith Hirsche, Founder & President of RenuWell Energy Solutions

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Keith Hirsche, Founder and President of RenuWell Energy Solutions discusses turning inactive wells into solar energy projects, breaking down the barriers between oil & gas and renewable energy projects and the opportunity Alberta has in solar energy. To learn more about the Global Energy Show, or to register, please visit: www.globalenergyshow.com

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Global Precision Ball & Roller announces the opening of a warehouse in Houston.

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Global Precision Ball & Roller has opened a warehouse in the Houston area to better service the growing demand for its products. This warehouse offers same day delivery throughout the Houston area. At the moment it is focused on the stacked bearing at the end of the drill string but the focus can easily change … Read more Global Precision Ball & Roller announces the opening of a warehouse in Houston.

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Driving change across the downstream industry – Becht

By: Andy Saunders-Tack and Mel Larson Asian Downstream Insights Exclusive Interview with Andy Saunders-Tack, Director, Asia-Pacific and Mel Larson, Strategic Consulting Manager at Becht The coup in Myanmar may be pivotal for the energy markets. The building of a pipeline through Myanmar allows both crude and product to shortcut the shipping lanes of the Malacca … Read more Driving change across the downstream industry – Becht

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

Oil Industry Titans Vow Climate Collaboration With White House

Mar 22, 2021 (Bloomberg) Chief executives of some of the largest U.S. oil companies promised to collaborate with the Biden administration in its campaign against climate change during a meeting Monday with White House National Climate Adviser Gina McCarthy.The oil industry leaders pledged support for federal regulations explicitly limiting emissions of methane from wells and other … Read more Oil Industry Titans Vow Climate Collaboration With White House

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RAM Industries Inc.
Osperity
RHK Hydraulic Cylinder Services Inc.

Advantages of automation for your water transfer operations

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Today’s water transfer operations are becoming more challenging and demanding every day.  Extreme conditions, increased re-use of produced water, and the evolution of higher volumes creates an inherently complex water transfer environment.   Combining these challenges with the desire to reduce both costs and environmental impact makes it essential for companies to find efficiencies to reduce … Read more Advantages of automation for your water transfer operations

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

It Hasn’t Been This Cheap for U.S. Shale to Refinance in Seven Years

Mar 22, 2021 (Bloomberg) It hasn’t been this cheap for shale explorers to raise money on the high-yield bond market since oil was at $100 a barrel in 2014, so they’re jumping on the opportunity to refinance debt at lower rates.Drillers have already sold $11 billion in new junk-rated energy debt through the first 10 weeks … Read more It Hasn’t Been This Cheap for U.S. Shale to Refinance in Seven Years

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

The Fossil Fuel Industry Is Talking About ESG Like Never Before

Mar 23, 2021 (Bloomberg) The U.S. fossil fuels industry is still churning out emissions, but it’s talking more than ever about what to do about them. That, at least, is the conclusion of a Bloomberg analysis of conference calls involving the nation’s oil and gas behemoths, including Exxon Mobil Corp., Chevron Corp. and Kinder Morgan Inc. … Read more The Fossil Fuel Industry Is Talking About ESG Like Never Before

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

Oil Slumps With Bearish Market Structure Flashing Weak Demand

Mar 23, 2021 (Bloomberg) Oil fell in London on concerns about the demand outlook and as the futures curve flipped into a structure indicating near-term weakness. Brent futures slumped 3.4%. The nearest contract traded at a discount to the next one for the first time since January — a pattern known as contango that indicates oversupply … Read more Oil Slumps With Bearish Market Structure Flashing Weak Demand

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

EV Charging Data Shows A Widely Divergent Global Path

By Colin McKerracher Mar 23, 2021 (Bloomberg) At the beginning of each year at BloombergNEF — Bloomberg’s clean energy and transport research group — my team and I do a comprehensive update of all our data sets, tracking how the move to electric vehicles is shaping up around the world. We’ve been doing this for over a decade … Read more EV Charging Data Shows A Widely Divergent Global Path

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

STUDY: U.S. drillers, miners would be out billions if paid climate, health costs

WASHINGTON (Reuters) – U.S. coal, natural gas and motor fuel producers get implicit benefits worth tens of billion of dollars a year by not having to pay for the damage their products do to the climate and human health, a study said on Monday. As the world begins to transition to technologies that emit less … Read more STUDY: U.S. drillers, miners would be out billions if paid climate, health costs

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

Baker Hughes joins Norwegian Arctic carbon storage project

OSLO (Reuters) – Oilfield services firm Baker Hughes is teaming up with Norway’s Horisont Energi to explore the possibility of storing more than 100 million tonnes of carbon under the Barents Sea in the Arctic, the companies said on Tuesday. Carbon capture and storage (CCS) has been cited by governments, energy companies and industry for … Read more Baker Hughes joins Norwegian Arctic carbon storage project

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

Canadian oil patch braces for more deals after record start to 2021

TORONTO (Reuters) – Mergers and acquisitions in Canada’s oil and gas sector had a record start to the year in 2021 as companies took advantage of improved oil price expectations amid the pandemic recovery, and many industry participants expect the trend to continue. The flurry of deals underscores the Canadian energy sector’s desire to grow … Read more Canadian oil patch braces for more deals after record start to 2021

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

WATCH: Introduction of Zachry Integrity Engineering Ltd.

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Zachry Integrity Engineering Ltd is a Canadian owned engineering and consulting firm based in Calgary, Alberta. Since 1988, we have been providing professional engineering and management services to our clients in Canada and around the globe. We take pride in offering complete project solutions to our partners in the energy, mining, and forest industries. We … Read more WATCH: Introduction of Zachry Integrity Engineering Ltd.

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

Climate Envoy Kerry to Take Part in Summit Co-Hosted by China

Mar 22, 2021 (Bloomberg) The Biden administration is set to participate in a climate summit co-hosted by China on Tuesday, just days after its first face-to-face talks with that country descended into bickering.John Kerry, the special presidential envoy for climate, is to participate in the Ministerial on Climate Action, according to two people familiar with the matter. … Read more Climate Envoy Kerry to Take Part in Summit Co-Hosted by China

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Becht
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Osperity

Saudis Seek U.S. Help to Thwart Rising Attacks on Oil Sites

Mar 22, 2021 (Bloomberg) Saudi Arabia is seeking more help from the U.S. to defend its oil facilities, underscoring the kingdom’s concern about recent missile and drone strikes that it’s linked to arch-rival Iran. The requests were put to President Joe Biden’s administration since January, according to a Saudi official, who asked not to be named as the … Read more Saudis Seek U.S. Help to Thwart Rising Attacks on Oil Sites

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RAM Industries Inc.
Becht
Osperity
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Aramco Aims to Partner With China on Blue Hydrogen, CEO Says

Mar 21, 2021 (Bloomberg)  Saudi Aramco plans to “expand and intensify” cooperation with China on research in areas including hydrogen and ammonia production from natural gas, according to Chief Executive Officer Amin Nasser. Aramco is looking to work with China on blue hydrogen and ammonia, synthetic fuels and carbon capture utilization and storage, Nasser said … Read more Aramco Aims to Partner With China on Blue Hydrogen, CEO Says

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

Oil Steady With Demand in Focus After Worst Week Since October

Mar 22, 2021 (Bloomberg) Oil was steady as investors assessed the near-term demand outlook after prices fell the most since October last week.Brent futures rose 0.2% on Monday after falling 6.8% last week. Demand is showing some signs of weakness with the number of unsold April-loading oil cargoes from West Africa piling up. In Europe, new … Read more Oil Steady With Demand in Focus After Worst Week Since October

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

Oil Still on a Bumpy Path to Recovery Despite Price Swerve

Mar 21, 2021 (Bloomberg) Oil just experienced its biggest one-day price slump in more than six months, but it hasn’t veered off the road to recovery.Even as problems with Europe’s vaccine program and a slowdown in Chinese crude buying sent futures down 7% on Thursday, data from around the world showed a steady, albeit patchy, recovery in … Read more Oil Still on a Bumpy Path to Recovery Despite Price Swerve

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

U.S. drillers add most oil & gas rigs in a week since January -Baker Hughes

March 19 (Reuters) – U.S. energy firms added the most oil and natural gas rigs in a week since January even as oil prices this week pulled back from a recent 28-month high. The oil and gas rig count, an early indicator of future output, rose nine to 411 in the week to March 19, … Read more U.S. drillers add most oil & gas rigs in a week since January -Baker Hughes

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

Oil’s Hardest-Hit Market Sees Hope in U.S. Airport Traffic Bump

Mar 20, 2021 (Bloomberg)  A pick-up in spring break travel is pointing to the first signs of life for a battered jet fuel market, a trend that is likely to continue as more vaccinated Americans venture back onto airplanes this summer.In U.S. airports, the number of passengers checking in through security hit the highest in … Read more Oil’s Hardest-Hit Market Sees Hope in U.S. Airport Traffic Bump

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

Wall Street Is Betting Billions on an EV-Fueled Lithium Comeback

Mar 20, 2021 (Bloomberg) Wall Street hasn’t been this bullish about lithium in years.Investors are betting on a comeback in the metal key to rechargeable batteries as the world’s biggest automakers ratchet up their electric-vehicle lines. Miners once shunned amid supply overhangs have raised almost $3.4 billion in equity offerings in the Americas this year, data … Read more Wall Street Is Betting Billions on an EV-Fueled Lithium Comeback

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

Clarifying Carbon Credits: An Undervalued Opportunity For Producers

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

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

FREE WEBINAR: FLOW Solutions by SICK: Revamp your Flare Gas Measurement Meter

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Improving your operations and upgrading your plant or refinery will take you one step further into Industry 4.0. However, implementing technology and solutions can be a challenge if you don’t know where to start. Westech Industrial’s partner, SICK Ltd is hosting a FREE Webinar on their Flow measurement and their metering systems expert will provide … Read more FREE WEBINAR: FLOW Solutions by SICK: Revamp your Flare Gas Measurement Meter

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

Oil’s Worst Week in Nearly Five Months Ends on a High Note

Oil Prices Up

Mar 19, 2021 (Bloomberg) Oil ended its worst week since October on a gain, a day after inflation concerns and worries over the trajectory of near-term demand triggered the largest daily loss in several months. Wall Street banks said the sell-off was transitory. Futures in New York ended the week 6.4% lower, with Friday’s rise doing … Read more Oil’s Worst Week in Nearly Five Months Ends on a High Note

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

U.S. shouldn’t threaten friends over Nord Stream 2, says Austria’s OMV CEO

ZURICH (Reuters) – Austria’s OMV supports the construction of the Nord Stream 2 gas pipeline between Russia and Germany despite the threat of U.S. sanctions, CEO Rainer Seele said. “This project is of great importance for the security of supply of the European gas market, it is therefore Europe’s responsibility to decide,” Seele told Austrian … Read more U.S. shouldn’t threaten friends over Nord Stream 2, says Austria’s OMV CEO

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RAM Industries Inc.
Becht
RHK Hydraulic Cylinder Services Inc.
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Germany’s Greens vow to scrap Russian gas pipeline after election

BERLIN (Reuters) – Germany’s Greens have enshrined in their election programme plans to abolish the contested Nord Stream 2 pipeline to ship Russian gas to Europe’s biggest economy, creating a hurdle to a potential alliance with the conservatives. Chancellor Angela Merkel’s conservatives, who have backed the Nord Stream 2 pipeline opposed by the United States, … Read more Germany’s Greens vow to scrap Russian gas pipeline after election

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RAM Industries Inc.
Becht
Osperity
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Hydrogen Rivalry Intensifies With South Korea Challenging Europe

Mar 19, 2021 (Bloomberg) South Korea’s plans to pump billions of dollars into hydrogen are positioning it to take on Europe as the leader in the emerging technology, although it’s lagging behind on investing in the cleanest form of the fuel.The Asian nation is among around a dozen countries that have strategies for hydrogen, a carbon-free … Read more Hydrogen Rivalry Intensifies With South Korea Challenging Europe

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

How Hydrogen Became the Hottest Thing in Green Energy

Wind and solar power are the main focus in the fight against climate change, but there are sources of greenhouse gases they can’t clean up. Manufacturing steel, cement and chemicals has traditionally required fossil fuels, either to burn to create the extreme temperatures needed, or as raw materials and catalysts for chemical reactions. That’s why … Read more How Hydrogen Became the Hottest Thing in Green Energy

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

U.S. LNG exports on track to hit record high in March

(Reuters) – U.S. liquefied natural gas (LNG) exports are on track to hit record highs in March as tumbling shipping rates and lower prices than in Europe and Asia continue to attract buyers. The amount of gas flowing to U.S. LNG export plants has averaged 10.5 billion cubic feet per day (bcfd) so far in … Read more U.S. LNG exports on track to hit record high in March

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

INFOGRAPHIC: Consolidation in the U.S. & Canadian Oil and Gas Industry – Energyminute

From Energyminute:  Visit their website: HERE As oil prices collapsed during the pandemic, oil and gas companies looked to merge and consolidate to lower costs. Consolidation spreads fixed costs across more barrels thus reducing the average cost of production. In terms of dollars spent, there was roughly 4x as much spent on consolidation in the … Read more INFOGRAPHIC: Consolidation in the U.S. & Canadian Oil and Gas Industry – Energyminute

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RAM Industries Inc.
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Osperity
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Methane Spewing Mines Are as Bad For The Climate as Their Coal

Mar 18, 2021 (Bloomberg)New coal mines are leaking methane gases that are in some cases just as destructive to the environment as the pollution released from burning the coal itself, according to a new study. Methane, a greenhouse gas 80 times more potent than carbon dioxide in its first two decades, leaking out of some … Read more Methane Spewing Mines Are as Bad For The Climate as Their Coal

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

Oil’s Swift Rout Triggers the Biggest Weekly Loss Since October

 Mar 19, 2021 (Bloomberg) Oil, one of the most-favored reflation trades, just took a heavy beating. Prices headed for the biggest weekly slump since October after a sell-off driven by inflation concerns and a cooling physical market.Futures in New York clawed back some of the losses on Friday, but the recovery was muted given Thursday’s 7.1% … Read more Oil’s Swift Rout Triggers the Biggest Weekly Loss Since October

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

Biden Weighing New Sanctions to Block Russian Gas Pipeline

Mar 19, 2021 The Biden administration is weighing additional sanctions to block construction of the nearly completed Nord Stream 2 pipeline from Russia to Germany, potentially including the project’s parent company Nord Stream 2 AG, according to three people familiar with the matter. The sanctions could come in the form of an interim report that … Read more Biden Weighing New Sanctions to Block Russian Gas Pipeline

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

Extraction Oil & Gas Announces Fourth-Quarter and Full-Year 2020 Results; Provides Updated Guidance for Full-Year 2021

March 18, 2021| Source: Extraction Oil & Gas, Inc. DENVER, March 18, 2021 (GLOBE NEWSWIRE) — Extraction Oil & Gas (NASDAQ: XOG) (“Extraction” or the “Company”) today reported financial and operating results for the fourth-quarter and full-year 2020 and provided updated guidance for the full-year 2021. Fourth-Quarter and Full-Year 2020 Highlights Achieved average net sales volumes … Read more Extraction Oil & Gas Announces Fourth-Quarter and Full-Year 2020 Results; Provides Updated Guidance for Full-Year 2021

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

CVR Energy Releases Open Letter to Uzi Yemin, Chairman of the Board of Delek US Holdings, lnc.

March 19, 2021  | Source: CVR Energy, Inc. SUGAR LAND, Texas, March 19, 2021 (GLOBE NEWSWIRE) — CVR Energy, Inc. (NYSE: CVI) today released the following open letter to Uzi Yemen, Chairman of the Board of Delek US Holdings, Inc. (NYSE: DK): March 19, 2021 Via Email Uzi Yemin Chairman of the Board Delek US Holdings, … Read more CVR Energy Releases Open Letter to Uzi Yemin, Chairman of the Board of Delek US Holdings, lnc.

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

HighPoint Resources Announces Prepackaged Plan Confirmed By Court

March 18, 2021  | Source: HighPoint Resources Corporation DENVER, March 18, 2021 (GLOBE NEWSWIRE) — HighPoint Resources Corporation (NYSE: HPR) (“HighPoint” or the “Company”) today announced that on March 18, 2021, the United States Bankruptcy Court for the District of Delaware confirmed the Company’s previously announced prepackaged plan of reorganization (the “Prepackaged Plan”) and entered a written … Read more HighPoint Resources Announces Prepackaged Plan Confirmed By Court

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

Vantage Drilling International Reports Fourth Quarter and Full-Year 2020 Results

March 18, 2021| Source: Vantage Drilling International HOUSTON, March 18, 2021 (GLOBE NEWSWIRE) — Vantage Drilling International (“Vantage” or the “Company”) reported a net loss attributable to controlling interest of approximately $44.9 million or $3.42 per diluted share for the three months ended December 31, 2020, based on the weighted average shares outstanding after the conversion … Read more Vantage Drilling International Reports Fourth Quarter and Full-Year 2020 Results

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

Schlumberger unit to launch Nevada lithium plant as EV demand rises

Schlumberger

(Reuters) – Oilfield services firm Schlumberger’s New Energy division said on Thursday it would launch a lithium extraction plant in Nevada to cash in on the surging demand for the battery metal from electric vehicle makers and technology companies. The division said it has invested more than $15 million in the direct lithium extraction process … Read more Schlumberger unit to launch Nevada lithium plant as EV demand rises

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

Several U.S. states sue Biden administration for revoking permit for Keystone XL pipeline

(Reuters) – Texas and several other U.S. states have sued the administration of President Joe Biden over his decision to revoke a key permit for the Keystone XL pipeline, Texas Attorney General Ken Paxton said in a statement late on Wednesday. The lawsuit states that Biden does not have the unilateral authority to change energy … Read more Several U.S. states sue Biden administration for revoking permit for Keystone XL pipeline

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

The First Shale IPO Since 2017 Fails to Impress Wall Street

Mar 18, 2021 (Bloomberg)If the first initial public offering of a U.S. shale driller in four years is any indication, Wall Street is still souring on the U.S. oil and gas patch.Even a natural gas explorer backed by private-equity giant Blackstone Group Inc. couldn’t raise the capital it had expected. Vine Energy Inc. issued stock … Read more The First Shale IPO Since 2017 Fails to Impress Wall Street

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

BP plans to build Britain’s largest hydrogen plant

BP Gas Station

LONDON (Reuters) – Energy group BP aims to build Britain’s largest hydrogen plant by 2030, it said on Thursday, as part of the country’s push to boost use of the fuel and cut greenhouse gas emissions. The Teesside plant in northern England will have capacity of up to 1 gigawatt (GW) of so-called blue hydrogen, … Read more BP plans to build Britain’s largest hydrogen plant

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RAM Industries Inc.