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U.S. drillers add oil and gas rigs for 9th week in a row -Baker Hughes

Jan 22 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a ninth week in a row amid higher energy prices over the past few months. The oil and gas rig count, an early indicator of future output, rose five to 378 in the week to Jan. 22, its highest … Read more U.S. drillers add oil and gas rigs for 9th week in a row -Baker Hughes

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U.S. drillers add oil and gas rigs for 9th week in a row -Baker Hughes

Jan 22 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a ninth week in a row amid higher energy prices over the past few months. The oil and gas rig count, an early indicator of future output, rose five to 378 in the week to Jan. 22, its highest … Read more U.S. drillers add oil and gas rigs for 9th week in a row -Baker Hughes

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Biden to Convene World Leaders to Talk Climate on Earth Day

 Jan 22, 2021 (Bloomberg) The Biden administration is planning to host world leaders in a climate summit on Earth Day according to three people familiar with the matter, a sign of the new president’s commitment to not just rejoin the Paris carbon-cutting accord but also strengthen it. The U.S.-hosted meeting on April 22 could be virtual, … Read more Biden to Convene World Leaders to Talk Climate on Earth Day

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Oil’s Hired Hands See Spending Recovery Everywhere But Home

Jan 22, 2021 (Bloomberg) Spending by the global oil industry outside the U.S. is poised to rebound later this year, according to its largest hired hands, the latest sign of growing confidence in the outlook for crude prices. Schlumberger, the biggest oil services company, posted better-than-expected earnings Friday and forecast an increase in overseas spending by … Read more Oil’s Hired Hands See Spending Recovery Everywhere But Home

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U.S. crude stockpiles jump, refiners boost output last week: EIA

Oil Storage

(Reuters) – U.S. crude oil stockpiles rose unexpectedly last week, while refineries hiked output to their capacity usage since March, the Energy Information Administration said on Friday. Crude inventories rose by 4.4 million barrels in the week to Jan. 15, compared with analysts’ expectations for a decrease of 1.2 million barrels. Refinery utilization rates rose … Read more U.S. crude stockpiles jump, refiners boost output last week: EIA

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Even without Keystone XL, U.S. set for record Canadian oil imports

Keystone xl pipeline

CALGARY/NEW YORK (Reuters) – The Keystone XL pipeline project may be dead, but the United States is still poised to pull in record imports of Canadian oil in coming years through other pipelines that are in the midst of expanding. U.S. President Joe Biden canceled Keystone XL’s permit on his first day in office Wednesday, … Read more Even without Keystone XL, U.S. set for record Canadian oil imports

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Schlumberger echoes rivals’ oil recovery predictions after results beat

Schlumberger

(Reuters) – Schlumberger NV on Friday joined rivals in predicting a steady recovery in the oil industry this year after the world’s top oilfield services provider’s fourth-quarter results beat estimates, aided partly by growing drilling demand. Easing of COVID-19 related restrictions has propelled oil demand and prices, which remain steady since a late-2020 rebound from … Read more Schlumberger echoes rivals’ oil recovery predictions after results beat

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Iran Says It’s Reviving Oil Output to Pre-Sanctions Levels

Jan 22, 2021 (Bloomberg) Iran has started ramping up its oil production and expects to reach pre-sanctions levels in one to two months, Deputy Oil Minister Amir Hossein Zamaninia said. The oil market will be able to accommodate Iran’s maximum oil output of around 3.9 million to 4 million barrels a day, Zamaninia told reporters on … Read more Iran Says It’s Reviving Oil Output to Pre-Sanctions Levels

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Biden names Democrat Glick to chair energy regulatory panel

WASHINGTON (Reuters) – U.S. President Joe Biden on Thursday named Richard Glick, a Democrat, to chair the Federal Energy Regulatory Commission, where he could eventually lead the panel to consider lowering barriers for emerging clean energy technologies. Glick was appointed by former President Donald Trump to the commission in August, 2017. Before that he was … Read more Biden names Democrat Glick to chair energy regulatory panel

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Biden Poised to Freeze Oil and Coal Leasing on Federal Land

Jan 21, 2021 (Bloomberg) President Joe Biden is poised to suspend the sale of oil and gas leases on federal land, which accounts for about 10% of U.S. supplies, according to four people familiar with the matter. The moratorium, which would also freeze coal leasing, is set to be unveiled along with a raft of other … Read more Biden Poised to Freeze Oil and Coal Leasing on Federal Land

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Oil Tumbles With Spread of Demand Pessimism and Firmer Dollar

By Elizabeth Low and Alex Longley Jan 22, 2021 (Bloomberg) Oil slumped below $52 a barrel in New York as renewed virus lockdowns deepened pessimism over demand, while a stronger dollar reduced the appeal of commodities priced in the currency. Consumption remains precarious, with parts of Hong Kong locking down, some Shanghai residents banned from leaving … Read more Oil Tumbles With Spread of Demand Pessimism and Firmer Dollar

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98% Uptime Sound Appealing? Rise Above the Ongoing Global Economic Challenge

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When the pandemic hit in early 2020, global gross domestic product — the broadest measure of economic stability — nosedived. Fast forward to June, and even with factories regaining most of the ground they lost (the Institute for Supply Management estimates 60-70% recovery), global indicators are not strong. With a “second wave” of COVID-19 potentially … Read more 98% Uptime Sound Appealing? Rise Above the Ongoing Global Economic Challenge

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Oil Slips With Virus-Driven Demand Risks at Forefront

Oil Pump

Jan 21, 2021 (Bloomberg) Oil slid as worsening global coronavirus outbreaks point to the long road ahead for a consumption recovery.Futures fell as much as 1.1% in New York in a choppy trading session that saw prices briefly turn positive. JPMorgan Chase & Co. cut demand estimates for China as lockdowns spread, while the U.K. … Read more Oil Slips With Virus-Driven Demand Risks at Forefront

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Merkel Tells Biden She’s Open to Talks on Russia Energy Ties

By Raymond Colitt Jan 21, 2021 (Bloomberg) Angela Merkel said she’s willing to discuss energy ties with Moscow with the incoming U.S. administration, but the German chancellor reiterated her support for a controversial gas pipeline to Russia. “We need to also discuss which economic relations in the gas sector are possible with Russia, and which aren’t,” … Read more Merkel Tells Biden She’s Open to Talks on Russia Energy Ties

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Biden Blocking Keystone Threatens to End Mega Pipelines Era

Gas Pipeline

Jan 20, 2021 (Bloomberg) Joe Biden’s move to block the $9 billion Keystone XL project is the clearest sign yet that constructing a major new pipeline in the U.S. has become an impossible task. The incoming president has pledged to reshape the U.S. energy sector and accelerate the transition from fossil fuels, and the cancellation of … Read more Biden Blocking Keystone Threatens to End Mega Pipelines Era

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Amplify Energy Announces Appointment of Chief Executive Officer, Chief Financial Officer and Chairman of the Board

January 21, 2021 | Source: Amplify Energy Corp. HOUSTON, Jan. 21, 2021 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today executive management and Board of Director changes effective January 19, 2021. Martyn Willsher, Amplify’s current Interim CEO and CFO, has been named President and Chief Executive Officer of the Company and … Read more Amplify Energy Announces Appointment of Chief Executive Officer, Chief Financial Officer and Chairman of the Board

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Baker Hughes says energy downturn to bottom out this year

(Reuters) – Oilfield equipment and services provider Baker Hughes Co on Thursday joined larger rival Halliburton Co in saying the energy industry’s worst downturn in decades would turn a corner this year. Oil and gas producers have been forced to cut budgets, restructure operations and reduce employees, to tackle the COVID-19 pandemic-led fallout in energy … Read more Baker Hughes says energy downturn to bottom out this year

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U.S. natural gas futures fall to three-week low on milder forecasts

Natural Gas

By Reuters Staff (Reuters) – U.S. natural gas futures fell almost 3% to a three-week low on Thursday on forecasts for milder weather and lower heating demand through early February. That small decline came even though higher gas prices around the world continued to prompt buyers to purchase near record amounts of U.S. liquefied natural … Read more U.S. natural gas futures fall to three-week low on milder forecasts

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COMMENTARY: Can Biden transform the U.S. energy system? By John Kemp

LONDON (Reuters) – U.S. presidential transitions have all the elements of a great news story: people, drama, timeliness, conflict and consequences. But energy systems are mostly shaped by slower moving, impersonal, structural forces. President Joe Biden’s first executive actions after his inauguration on Thursday to move quickly to tackle climate change have raised questions over … Read more COMMENTARY: Can Biden transform the U.S. energy system? By John Kemp

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Big U.S. oil drillers have federal permits to mute effect of any Biden ban

(Reuters) – U.S. President Joe Biden’s promised ban on new oil and gas drilling on federal lands would take years to shut off production from top shale drillers because they already have stockpiled permits, according to Reuters interviews with executives. But smaller independent oil drillers without the resources of big corporations were more worried about … Read more Big U.S. oil drillers have federal permits to mute effect of any Biden ban

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TC Energy to cut 1,000 Keystone construction jobs, halts all work

Keystone xl pipeline

WINNIPEG, Manitoba/WASHINGTON (Reuters) – TC Energy Corp will eliminate more than 1,000 construction jobs in coming weeks and halt work on the Keystone XL oil pipeline after U.S. President Joe Biden revoked the project’s presidential permit, the company said in an email to employees. Calgary-based TC Energy confirmed the authenticity of the email, sent by … Read more TC Energy to cut 1,000 Keystone construction jobs, halts all work

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PRODUCT FEATURE: Confined Space Drone Specialists – Ranger Drone

Ranger-Drone-feature-logo-400x270

Ranger Drone uses only the most reliable and capable Flyability and DJI equipment when performing Drone inspections. Inspect and explore indoor and confined spaces with our collision-tolerant Drones, improving safety and providing a less costly alternative to ropes, scaffolds, lifts, cranes, and excessive manpower. Our advanced Drones carry payloads including full HD cameras, thermal cameras, … Read more PRODUCT FEATURE: Confined Space Drone Specialists – Ranger Drone

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TC Energy disappointed with Expected Executive Action revoking Keystone XL Presidential Permit

Decision to impact thousands of union jobs, new renewable energy investments and opportunities for Indigenous communities January 20, 2021 | Source: TC Energy Corporation CALGARY, Alberta, Jan. 20, 2021 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the company) announced it is disappointed with the expected action to revoke the existing Presidential Permit … Read more TC Energy disappointed with Expected Executive Action revoking Keystone XL Presidential Permit

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Technology: Electric Cars Get First Battery That Can Charge in 5 Minutes, But Roll-Out Years Away

By Rachel Morison Jan 19, 2021 (Bloomberg) Israeli company StoreDot Ltd. has manufactured the first battery for electric vehicles that can be charged in just five minutes, a step toward making refueling as fast as cars at a gas station. The lithium-ion samples were produced by StoreDot’s strategic partner in China, Eve Energy Co., and have been used as … Read more Technology: Electric Cars Get First Battery That Can Charge in 5 Minutes, But Roll-Out Years Away

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Oil Extends Gains With Broader Markets on Stimulus Hopes

By Elizabeth Low and Alex Longley Jan 20, 2021 (Bloomberg) Brent oil extended gains to above $56 a barrel, rising with other assets on hopes of more U.S. economic stimulus. While crude prices have undulated with the dollar and broader risk assets in recent days, it’s also being supported by renewed strength in the market’s … Read more Oil Extends Gains With Broader Markets on Stimulus Hopes

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Oil Producers Face a Long Haul Back to Business as Usual

By Julian Lee Jan 20, 2021 (Bloomberg) This is no time for the world’s oil producers to start adding supplies to the global market if they want to drain a glut that built up because of Covid-19. That’s the conclusion that comes out of the latest monthly forecasts published by the world’s three major oil agencies — … Read more Oil Producers Face a Long Haul Back to Business as Usual

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World’s Biggest Offshore Wind Producer Moves Into Hydrogen

Jan 20, 2021 (Bloomberg) Danish utility Orsted A/S took a final investment decision on its first hydrogen project as it expands beyond wind power. The world’s biggest producer of electricity from turbines at sea will use the technology at its Danish demonstration project H2RES to produce green hydrogen. It’s a small, but concrete step for the … Read more World’s Biggest Offshore Wind Producer Moves Into Hydrogen

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Biden to Bar Keystone Pipeline in Reversal of Early Trump Move

Jan 20, 2021 (Bloomberg)  Joe Biden will cancel the Keystone XL oil pipeline hours after becoming president on Wednesday, killing once again a cross-border project that had won a four-year reprieve under his Republican predecessor, Donald Trump.In one of his first major environmental actions, Biden will revoke TC Energy Corp.’s pipeline permit via an executive … Read more Biden to Bar Keystone Pipeline in Reversal of Early Trump Move

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India’s oil imports at near 3-yr high in December

January 19, 2021 Reuters India’s crude oil imports in December soared to the highest levels in nearly three years to more than 5 million barrels per day (bpd) as its refiners cranked up output to meet a rebound in fuel demand, data from trade sources showed.India’s year-end rush for crude supplies coincided with stronger demand … Read more India’s oil imports at near 3-yr high in December

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Biden to order agencies to revisit vehicle tailpipe emissions standards

WASHINGTON (Reuters) – President-elect Joe Biden will order U.S. agencies on Wednesday to revisit fuel efficiency standards as well as rules governing emissions from airplanes, and appliance and building energy efficiency standards, the transition team said. The Trump administration in March finalized a rollback of U.S. Corporate Average Fuel Economy standards to require 1.5% annual … Read more Biden to order agencies to revisit vehicle tailpipe emissions standards

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Biden set to rejoin Paris climate accord, impose curbs on U.S. oil industry

WASHINGTON (Reuters) – Incoming U.S. president Joe Biden will announce America’s return to the international Paris Agreement to fight climate change on Wednesday, the centerpiece of a raft of day-one executive orders aimed at restoring U.S. leadership in combating global warming. The announcements will also include a sweeping order to review all of ex-President Donald … Read more Biden set to rejoin Paris climate accord, impose curbs on U.S. oil industry

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U.S. blacklists oil traders, tankers for undermining Venezuela sanctions

CARACAS/MEXICO CITY (Reuters) – The United States on Tuesday sanctioned a network of oil trading firms, individuals and vessels that have helped Venezuelan state-run oil company PDVSA sell crude mainly to Asia despite Washington’s sanctions on the South American nation. The measure targets a network that the U.S. Treasury Department says helped the administration of … Read more U.S. blacklists oil traders, tankers for undermining Venezuela sanctions

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Canada is pressing Biden administration on Keystone XL pipeline, Trudeau says

OTTAWA (Reuters) – Canada is pressing people at the highest levels of U.S. President-elect Joe Biden’s incoming administration to reconsider canceling the Keystone XL pipeline, Prime Minister Justin Trudeau said on Tuesday. “We’ve had a clear and consistent position supporting this project for years,” Trudeau told reporters. “Our government is making sure that Canada’s views … Read more Canada is pressing Biden administration on Keystone XL pipeline, Trudeau says

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OPEC ‘cautiously optimistic’ oil market will recover in 2021

LONDON (Reuters) – OPEC’s secretary general said on Tuesday he was cautiously optimistic the oil market would recover this year from the slump in demand brought on by the coronavirus pandemic. Monthly meetings of the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia – a group known as OPEC+ – are … Read more OPEC ‘cautiously optimistic’ oil market will recover in 2021

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ChampionX Announces CFO Leadership Transition

January 19, 2021  | Source: ChampionX Corporation THE WOODLANDS, Texas, Jan. 19, 2021 (GLOBE NEWSWIRE) — ChampionX Corporation (NASDAQ: CHX) (the “Company” or “ChampionX”) today announced that after a 35-year career in financial leadership roles, Jay A. Nutt is retiring from his position as Senior Vice President and Chief Financial Officer of the Company. Jay will transition … Read more ChampionX Announces CFO Leadership Transition

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Murphy USA Inc. Reports Selected Preliminary Fourth Quarter and Full Year 2020 Financial Items

January 20, 2021 | Source: Murphy USA Inc. EL DORADO, Ark., Jan. 20, 2021 (GLOBE NEWSWIRE) — Murphy USA Inc. (NYSE: MUSA), a leading marketer of retail motor fuel products and convenience merchandise, today announced selected preliminary financial items for the three and twelve months ended December 31, 2020. Selected preliminary fourth quarter and full-year 2020 … Read more Murphy USA Inc. Reports Selected Preliminary Fourth Quarter and Full Year 2020 Financial Items

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5 Reasons Why Your Training Program May Not be Working – Becht

By Maureen Brody Good training has always been necessary, but it has become imperative in recent years. With Industry’s aging demographics and retiring experience, widespread reductions of workforces, and razor-thin budgets, we need good training to carry us successfully into the future. As technology evolves more quickly and changes almost daily, we need good training … Read more 5 Reasons Why Your Training Program May Not be Working – Becht

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Best Practices For Virtual Presentations: 15 Expert Tips That Work For Everyone – Mary Abbjay

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By Mary Abbajay In today’s COVID-19 world, virtual meetings and presentations have become the norm. While many presentation skills and best practices apply to both in-person and virtual presentations, expert virtual presenters understand the importance of adjusting their approach to match the medium. With in-person presentations, you more or less have a captive audience — you … Read more Best Practices For Virtual Presentations: 15 Expert Tips That Work For Everyone – Mary Abbjay

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Oil gains on hopes for improving demand

LONDON (Reuters) – Oil prices climbed on Tuesday as optimism that government stimulus will eventually lift global economic growth and oil demand trumped concerns that renewed COVID-19 lockdowns are cooling fuel consumption. Brent crude futures for March rose 73 cents, or 1.3%, to $55.48 a barrel by 1454 GMT after slipping 35 cents in the … Read more Oil gains on hopes for improving demand

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Commentary: Oil price forecasts fall in the wake of the pandemic

By John Kemp LONDON (Reuters) – Oil prices are expected to remain lower even once the coronavirus pandemic is over and the economy recovers. Before a perfect storm hit the industry in 2020, medium-term price expectations had been firmly anchored around $65-70 per barrel, based on the average annual price of Brent crude. While prices … Read more Commentary: Oil price forecasts fall in the wake of the pandemic

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Oil companies, aid groups plan to press Biden to allow Venezuela fuel swaps

FILE PHOTO: A man walks past a gas station with the logos of the Venezuelan state oil company PDVSA in Caracas, Venezuela December 23, 2016. REUTERS/Carlos Garcia Rawlins/File Photo

(Reuters) – Representatives of fuel suppliers to Venezuela, importers of Venezuelan oil and advocacy groups said this month they plan to press the incoming administration of U.S. President-elect Joe Biden to reverse a ban on crude-for-diesel swaps. The Trump administration since the last quarter of 2020 has barred companies from sending Venezuela diesel in exchange … Read more Oil companies, aid groups plan to press Biden to allow Venezuela fuel swaps

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IEA Cuts Oil Demand Forecast as New Lockdowns Temper Recovery

By Grant Smith Jan 19, 2021 (Bloomberg) The International Energy Agency lowered forecasts for global oil demand as renewed lockdowns to contain the pandemic temper the recovery expected this year.“The global vaccine roll-out is putting fundamentals on a stronger trajectory for the year, with both supply and demand shifting back into growth,” the agency said in a monthly … Read more IEA Cuts Oil Demand Forecast as New Lockdowns Temper Recovery

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Keystone XL May Be Sold for Scrap If Biden Moves to Kill It

Jan 18, 2021 (Bloomberg) The Canadian province that invested $1.1 billion of taxpayers’ money in the controversial Keystone XL project is now considering the sale of pipe and materials to try to recoup some funds.“If the project ends, there would be assets that could be sold, such as enormous quantities of pipe,” Alberta Premier Jason Kenney … Read more Keystone XL May Be Sold for Scrap If Biden Moves to Kill It

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Getting Help For Your Digital Transformation – Geoffrey Cann

By Geoffrey Cann Your digital transformation likely requires people with specific skills that are unlikely to be in your company. So what skills do you need and where do you find them? Help! A few years ago, Esther, a friend from work, invited me to go hiking with her in the Rockies. I was keen because … Read more Getting Help For Your Digital Transformation – Geoffrey Cann

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Biden May Cancel Keystone XL Pipeline Permit as Soon as His First Day in Office

By Reuters Staff (Reuters) – U.S. President-elect Joe Biden is planning to cancel the permit for the $9 billion Keystone XL pipeline project as one of his first acts in office, and perhaps as soon as his first day, according to a source familiar with his thinking. President Donald Trump, a Republican, had made building … Read more Biden May Cancel Keystone XL Pipeline Permit as Soon as His First Day in Office

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Investors storm into alternative energy funds ahead of Biden presidency

(Reuters) – Investors are rushing to invest in alternative energy funds this year on hopes of more green reforms, with President-elect Joe Biden set to take office next week. According to Lipper data, alternative energy funds that primarily invest in solar, wind, and water firms around the world saw an inflow of $4 billion in … Read more Investors storm into alternative energy funds ahead of Biden presidency

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Canada’s Alberta Premier Urges Trudeau to Press Biden, Save Keystone XL Pipeline

CALGARY, Alberta, Jan 18 (Reuters) – Canada’s main oil-producing province Alberta urged Prime Minister Justin Trudeau on Monday to mount a last-ditch effort to save an $8 billion pipeline and threatened to seek damages if U.S. President-elect Joe Biden cancels Keystone XL. Shares in Keystone XL (KXL) owner TC Energy TRP.TO fell after reports Biden will cancel … Read more Canada’s Alberta Premier Urges Trudeau to Press Biden, Save Keystone XL Pipeline

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Keystone XL commits to become first pipeline to be fully powered by renewable energy

Keystone xl pipeline

January 17, 2021 | Source: TC Energy Corporation HOUSTON, Jan. 17, 2021 (GLOBE NEWSWIRE) — Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the company) today announced a new sustainable energy initiative for the Keystone XL Project. The company will achieve net zero emissions across the project operations when it is placed into … Read more Keystone XL commits to become first pipeline to be fully powered by renewable energy

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Oil Near $52 With Virus Still Surging and Dollar Strengthening

By Elizabeth Low and Alex Longley Jan 18, 2021 (Bloomberg) Oil futures edged lower as the dollar rose, while physical crude prices in Asia continued to weaken.Premiums for Russia’s ESPO crude, a favorite of refiners in Asia, have fallen by more than $1 since last month, according to traders who asked not to be identified. A … Read more Oil Near $52 With Virus Still Surging and Dollar Strengthening

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IEA says oil, gas methane emissions down 10% in 2020 as output fell

By Reuters Staff LONDON (Reuters) – Global emissions of the potent greenhouse gas methane from oil and gas production dropped 10% in 2020 mainly because of lower output as opposed to concerted climate action, a report by the International Energy Agency (IEA) found. Methane has more than 80 times the warming potential of carbon dioxide … Read more IEA says oil, gas methane emissions down 10% in 2020 as output fell

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Choosing Mobile Devices for Your Workforce: Match the Equipment to Your Needs and Circumstances

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Now that mobile devices have become prevalent in manufacturing environments, shrewd organizational leaders are using their capabilities to drive better maintenance management. Nevertheless, while mobile adoption is fairly straightforward, achieving mobile productivity can be more complex than it seems. Success requires leadership to take several key factors into account: The device and any applications running … Read more Choosing Mobile Devices for Your Workforce: Match the Equipment to Your Needs and Circumstances

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

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

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TC Energy plans net zero emissions for Keystone XL even as project’s future in doubt

CALGARY — TC Energy Corp. has announced a plan for its Keystone XL project to achieve net zero emissions when it is placed into service, even as the future of the pipeline expansion appeared in doubt.Transition documents suggest Joe Biden will kill th…

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Add intelligence to your existing industrial cameras – Save money on hardware – Benefit from management by exception

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Connecting your legacy industrial cameras to Osperity’s Intelligent Visual Monitoring Platform is a very cost-effective way to benefit from exception-based video analytics Osperity’s flexible open platform is a camera agnostic system which makes it easy to onboard industrial rated legacy cameras already installed in the field. If you have cameras on your site you likely … Read more Add intelligence to your existing industrial cameras – Save money on hardware – Benefit from management by exception

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Westech Industrial Ltd. and Badger Meter Announce New Partnership

Westech-Feature-Logo-400x270-1

PRESS RELEASE – Westech Industrial and Badger Meters are excited to announce that Westech Industrial is now an authorized distributor of Badger’s Industrial Metering technologies throughout Canada.  The partnership will bring their metering products to a number of industries helping them to improve performance, accuracy and keeping system maintenance to a minimum with critical applications. … Read more Westech Industrial Ltd. and Badger Meter Announce New Partnership

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Europe Needs to Double Renewable Power by 2030 for Climate Goal

By Ewa Krukowska Jan 17, 2021 (Bloomberg) Europe needs to double the share of electricity produced from renewable sources by the end of the decade to be in with a chance of meeting a stricter emissions-reduction target that would put the region’s economy on track to climate-neutrality, according to a report published Monday.Europe wants to become … Read more Europe Needs to Double Renewable Power by 2030 for Climate Goal

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Grounded Flights Are Sending U.S. Jet Fuel Prices Sliding Again

Jan 16, 2021 (Bloomberg) The new wave of lockdowns around the world is sending U.S. jet fuel prices slumping and exports slowing to a trickle all over again.It’s not as bad as the crash last April, but the headwinds the aviation market still faces before vaccines bring life to normal are increasingly showing. Benchmark jet fuel … Read more Grounded Flights Are Sending U.S. Jet Fuel Prices Sliding Again

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U.S. drillers add oil and gas rigs for 8th week in a row -Baker Hughes

Jan 15 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for an eighth week in a row as crude prices recover to their highest in nearly a year. The oil and gas rig count, an early indicator of future output, rose 13 to 373 in the week to Jan. 15, … Read more U.S. drillers add oil and gas rigs for 8th week in a row -Baker Hughes

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A chronological history of the controversial Keystone XL pipeline project

Keystone xl pipeline

A timeline of the controversial Keystone XL pipeline project: July 2008: TC Energy Corp. (TSX: TRP) — then called TransCanada Corp. — and ConocoPhillips, joint owners of the Keystone Pipeline, propose a major extension to the network. The expansion, dubbed Keystone XL, would carry hundreds of thousands of barrels of oilsands bitumen from Alberta to … Read more A chronological history of the controversial Keystone XL pipeline project

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Too Many Companies Are Banking on Carbon Capture to Reach Net Zero

Jan 15, 2021 (Bloomberg) As governments and companies jostle to show how committed they are to fighting global warming, plans to take carbon dioxide out of the air are becoming a giant loophole — just as experts have warned for years.The UN Principles for Responsible Investment estimates that some 42 companies announced net-zero targets in 2019 and 2020. More … Read more Too Many Companies Are Banking on Carbon Capture to Reach Net Zero

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Total Quits Leading U.S. Oil Lobby Over Climate Differences

Jan 15, 2021 (Bloomberg) Total SE became the first oil major to quit the influential American Petroleum Institute due to a clash on climate change policy, a sign of the pressure the U.S. lobby group is likely to come under as Washington is about to again embrace the Paris climate agreement.The move by Total is likely … Read more Total Quits Leading U.S. Oil Lobby Over Climate Differences

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Outgoing U.S. officials slam Mexican energy policy for bias

MEXICO CITY (Reuters) – A letter signed by three of outgoing President Donald Trump’s top officials sharply criticizes the Mexican government’s energy policies for what it describes as damaging the “investment climate” in the country due to bias against private companies. The Jan. 11 letter is addressed to three Mexican ministers, including Energy Minister Rocio … Read more Outgoing U.S. officials slam Mexican energy policy for bias

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Exxon Falls After Report of SEC Probe into Permian Valuation

Jan 15, 2021 (Bloomberg) Exxon Mobil Corp. slumped after a newspaper report said the company is being investigated by the U.S. Securities and Exchange Commission for allegedly overvaluing a key asset in the Permian Basin. The probe stems from a whistleblower complaint that during a 2019 internal assessment workers were forced to use unrealistic assumptions about how quickly … Read more Exxon Falls After Report of SEC Probe into Permian Valuation

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Oil falls as China lockdown, U.S. unemployment data temper gains

LONDON (Reuters) – Oil prices fell on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude importer and U.S. plans for a large stimulus package. Brent was down 83 cents, or 1.5%, at $55.59 by 1316 GMT, after gaining … Read more Oil falls as China lockdown, U.S. unemployment data temper gains

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Chevron invests in carbon capture startup Blue Planet Systems

By Reuters Staff (Reuters) – U.S. oil major Chevron Corp said on Thursday it has invested in Blue Planet Systems Corp, a startup that manufactures and develops carbon capture technology to reduce carbon footprint. “This investment is made through our Future Energy Fund which focuses on startups with lower-carbon technologies that can scale commercially,” said … Read more Chevron invests in carbon capture startup Blue Planet Systems

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Germany hopes for quick talks with U.S. about Nord Stream 2: minister

BERLIN (Reuters) – Germany aims to speak with the new U.S. administration about the Nord Stream 2 gas pipeline as soon as it takes office, German Foreign Minister Heiko Maas said on Friday. Nord Stream 2, designed to double capacity of the existing undersea Nord Stream gas pipeline from Russia to Germany, has become a … Read more Germany hopes for quick talks with U.S. about Nord Stream 2: minister

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U.S. shale producers lock in future sales as oil prices rise to one-year high

NEW YORK/HOUSTON (Reuters) – U.S. shale producers are taking advantage of the oil market’s rally to levels not seen in nearly a year by locking in prices for future sales, sources familiar with the matter said. U.S. crude futures this month jumped above $50 a barrel to the highest since February. The rally has sparked … Read more U.S. shale producers lock in future sales as oil prices rise to one-year high

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Drillers turn out for last chance to nab federal acreage under Trump

Drilling Rig pipes

(Reuters) – The Trump administration raised more than $4 million on Thursday from oil and gas companies that turned out for their last chance to secure federal acreage before the inauguration of President-elect Joe Biden, who has pledged to ban new drilling on public lands. The auction of U.S. Bureau of Land Management (BLM) oil … Read more Drillers turn out for last chance to nab federal acreage under Trump

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Chesapeake Approved to Exit Bankruptcy, Cut $7 Billion in Debt

By Steven Church Jan 13, 2021 (Bloomberg) Chesapeake Energy Corp. won court approval for a reorganization plan that slashes about $7 billion in debt in exchange for handing over ownership to its senior lenders, including Franklin Resources Inc.The decision by U.S. Bankruptcy Judge David Jones caps a years-long effort to repair the company’s finances, which became … Read more Chesapeake Approved to Exit Bankruptcy, Cut $7 Billion in Debt

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Share Your Story Through Video Marketing

EnergyNow - Video Marketing Ad - Feature Image - 400x270

The greatest way to share your story is through Video Marketing. It’s become the  most popular form of content marketing that engages your B2B energy audience and is a powerful asset at any stage of your marketing & sales cycle. It’s measurable and can give you insight as to how your viewers click through your … Read more Share Your Story Through Video Marketing

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Nord Stream 2 Set to Finish Bulk of Work on One Line in June

Jan 14, 2021 (Bloomberg) Nord Stream 2 AG plans to complete major construction work on one of two branches of the controversial Russian gas link in the first half of 2021, despite U.S. sanctions that have threatened its completion for over a year. The section of pipe could be largely finished as soon as June, as … Read more Nord Stream 2 Set to Finish Bulk of Work on One Line in June

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U.S. adds CNOOC to economic black list

By Reuters Staff WASHINGTON (Reuters) – The U.S. Commerce Department said Thursday it added Chinese National Overseas Oil Corporation (CNOOC) to a U.S. economic blacklist, saying it had helped China intimidate neighbors in the South China Sea. Commerce also said Chinese company Skyrizon was being added to the Military End-User (MEU) List for “its capability … Read more U.S. adds CNOOC to economic black list

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OPEC sees U.S. shale output recovering further on oil rally

LONDON (Reuters) – The outlook for U.S. shale oil is slightly more “optimistic” due to rising prices and output will recover further in the second half of 2021, OPEC said on Thursday, in a sign its policy of cutting output is helping rivals pump more. U.S. shale producers are not part of a pact between … Read more OPEC sees U.S. shale output recovering further on oil rally

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Trump administration set for its last auction of U.S. oil drilling rights

By Nichola Groom (Reuters) – The Trump administration on Thursday will offer the oil and gas industry a final chance to secure federal acreage before the inauguration of President-elect Joe Biden, who has pledged to ban new drilling on public lands. The U.S. Bureau of Land Management will auction 37 parcels on 6,851 acres in … Read more Trump administration set for its last auction of U.S. oil drilling rights

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Wall Street Warms to Exxon as Oil Rally Supports Shaky Dividend

By Kevin Crowley (Bloomberg) Analysts at Wall Street’s biggest banks say now’s the time to buy Exxon Mobil Corp. as rallying oil and gas prices increase the chances of the company being able to keep its highly prized dividend, the third-highest in the S&P 500 Index. JPMorgan Chase & Co. on Wednesday joined Morgan Stanley, Goldman … Read more Wall Street Warms to Exxon as Oil Rally Supports Shaky Dividend

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Oil Driller Ovintiv Faces Proxy Battle Threat From Kimmeridge

By Scott Deveau Jan 14, 2021 (Bloomberg) Kimmeridge Energy Management Co. said it’s prepared to nominate directors to the board of Ovintiv Inc. if the oil and gas producer fails to take the necessary steps to improve its performance and restore investor confidence. The private equity firm, which said it owns a 2.4% stake in Ovintiv, … Read more Oil Driller Ovintiv Faces Proxy Battle Threat From Kimmeridge

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Oil Wavers With U.S. Equities Rallying on Aid Expectations

By Andres Guerra Luz and Alex Longley Jan 14, 2021 (Bloomberg) Oil fluctuated between small gains and losses with U.S. equities staging a rally on the expectation that President-elect Joe Biden is planning Covid-19 relief of about $2 trillion.Futures traded little changed after earlier falling as much as 1.3% in New York on Thursday. Biden’s … Read more Oil Wavers With U.S. Equities Rallying on Aid Expectations

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Europe’s Oil Demand Starts 2021 With Whimper on New Virus Surge

By Alex Longley Jan 14, 2021 (Bloomberg) Europe’s oil demand is off to a sluggish start to the year as restrictions on movement limit the consumption of road fuels. Road use in the U.K., France, Italy and Spain was down 37% last week compared with pre-virus levels, according to data compiled by Bloomberg. Excluding year-end holidays, … Read more Europe’s Oil Demand Starts 2021 With Whimper on New Virus Surge

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Infrastructure and Energy Alternatives, Inc. Selected by Silicon Ranch to Construct 100 MW Solar Project in Georgia

Efforts Underway to Hire and Train Local Team Members January 14, 2021 | Source: Infrastructure and Energy Alternatives, Inc. INDIANAPOLIS, Jan. 14, 2021 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with renewable energy and specialty civil expertise, today announced that the Company has been … Read more Infrastructure and Energy Alternatives, Inc. Selected by Silicon Ranch to Construct 100 MW Solar Project in Georgia

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Apache Corporation Announces Fourth Consecutive Oil Discovery in Block 58 Offshore Suriname at Keskesi East-1 Well

January 14, 2021| Source: Apache Corporation Apache Corp. and Total S.A., Offshore Suriname, Block 58 On Jan. 14, 2021, Apache Corporation and Total S.A. announced an oil discovery at the Keskesi East-1 exploration well in Block 58 offshore Suriname. This follows the January, April and July 2020 announcements of discoveries at the Maka Central-1, Sapakara West-1 … Read more Apache Corporation Announces Fourth Consecutive Oil Discovery in Block 58 Offshore Suriname at Keskesi East-1 Well

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U.S. Oil Output Is Set to Rise Next Year on Higher Prices, Drilling

Jan 12, 2021 (Bloomberg) The U.S. government is forecasting oil production to rise about 3.5% next year spurred by higher crude prices and a rebound in shale drilling.Oil output will average 11.49 million barrels a day in 2022, according to the Energy Information Administration. The agency, which left its production estimate for this year unchanged at … Read more U.S. Oil Output Is Set to Rise Next Year on Higher Prices, Drilling

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The UAE Warns U.S. Shale Companies Against Pumping More Oil

UAE_Opec_chief_Suhail-Mohamed-al-Mazrouei

Jan 13, 2021 (Bloomberg) Any attempt by U.S. shale and other oil producers to boost output this year will backfire and lead to lower prices, according to the energy minister of the United Arab Emirates.Oil prices have surged in the past two months with the development of coronavirus vaccines. They jumped again last week when … Read more The UAE Warns U.S. Shale Companies Against Pumping More Oil

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IEA says oil market outlook clouded by vaccine roll-out variables

LONDON (Reuters) – Oil producers face an unprecedented challenge to balance supply and demand as factors including the pace and response to COVID-19 vaccines cloud the outlook, an official with International Energy Agency (IEA) said on Wednesday. “Producers are grappling with huge uncertainty about where this goes from here,” said Tim Gould, head of energy … Read more IEA says oil market outlook clouded by vaccine roll-out variables

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U.S. tells European companies they face sanctions risk on Nord Stream 2 pipeline

WASHINGTON (Reuters) – The U.S. State Department this month told European companies which it suspects are helping to build Russia’s Nord Stream 2 gas pipeline that they face the risk of sanctions as the outgoing Trump administration prepares a final round of punitive measures against the project, two sources said on Tuesday. “We are trying … Read more U.S. tells European companies they face sanctions risk on Nord Stream 2 pipeline

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Siemens spin-offs tap hydrogen boom in wind alliance

FRANKFURT/DUESSELDORF (Reuters) – Siemens Gamesa and Siemens Energy are developing a commercial offshore wind turbine that produces hydrogen via electrolysis, the companies said, marking a breakthrough for the mass production of renewable hydrogen. The companies are investing 120 million euros ($146 million) in the system, which has not been previously reported on. It is the … Read more Siemens spin-offs tap hydrogen boom in wind alliance

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Oil Creeps Above $53 as Cold Weather Adds to Market Tightness

Jan 13, 2021 (Bloomberg) Oil crept higher, with a demand increase from cold weather the latest addition to a rally that has pushed crude to a 10-month high. Demand could get a boost of at least 1 million barrels a day, Goldman Sachs Group Inc. said, as frigid temperatures in Asia and Europe send other energy … Read more Oil Creeps Above $53 as Cold Weather Adds to Market Tightness

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J.P. Morgan upgrades Exxon to overweight for first time in seven years

By Reuters Staff (Reuters) – J.P. Morgan analysts on Wednesday raised their rating on shares of Exxon Mobil to overweight, its first outright “buy” recommendation for the oil major in seven years, saying cuts in capital spending had put it on track for a stronger performance. Analyst Phil Gresh, rated five for estimate accuracy, praised … Read more J.P. Morgan upgrades Exxon to overweight for first time in seven years

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Infrastructure and Energy Alternatives, Inc. Secures $100 Million Wind Construction Contract in Illinois

January 12, 2021| Source: Infrastructure and Energy Alternatives, Inc. INDIANAPOLIS, Jan. 12, 2021 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with specialized energy and heavy civil expertise, today announced that the Company has been awarded a wind construction contract valued at approximately $100 million. … Read more Infrastructure and Energy Alternatives, Inc. Secures $100 Million Wind Construction Contract in Illinois

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Integration of Integrity Operating Windows into Process Safety Management – Becht

Author: Matthew K. Caserta, P.E. Integrity Operating Windows (IOWs) are an important component of a world class mechanical integrity program. IOWs are not a new concept, as they have been around in different forms for many years. However, due to some recent high-profile industry indictments and with the publication of the first edition of API … Read more Integration of Integrity Operating Windows into Process Safety Management – Becht

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Oilsands to Outshine Shale in 2021

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For years the Canadian oilsands have been in competition with the shale boom in the United States and now in early 2021 there is a positive outlook from financial experts and Wall Street analysts. Canadian producers are emerging from the downturn stronger, with greater ability to generate free cash flow -Benny Wong and Adam J … Read more Oilsands to Outshine Shale in 2021

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Scovan: Artificial Intelligence provides greater efficiency, productivity and lower operating costs for oil and gas operations, leading to cleaner energy extraction and reduced GHG’s.

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Written by Amardeep Sibia, Founder and CEO of Drishya AI Labs for Scovan Engineering Boosting Clean Energy with Artificial Intelligence Read the Article here By the year 2025 Artificial Intelligence (AI) will have transformed every aspect of the energy business and delivered over $800 Bn of value across the energy value chain. The world of … Read more Scovan: Artificial Intelligence provides greater efficiency, productivity and lower operating costs for oil and gas operations, leading to cleaner energy extraction and reduced GHG’s.

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Communica, Largest Regulatory Engagement Firm in Western Canada, Celebrates 20th Anniversary

Communica Feature Logo 400x270

Communica is the Largest Regulatory Engagement in Western Canada Communica is proud to announce their 20th anniversary. Over the last two decades, Communica has grown to the largest stakeholder and indigenous engagement specialist firm in Western Canada. Doug Ford speaks to attendees during one of the annual Communica boat cruises in Vancouver. On this occasion, … Read more Communica, Largest Regulatory Engagement Firm in Western Canada, Celebrates 20th Anniversary

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Enbridge rejects Michigan’s order to shut down Line 5 pipeline through Great Lakes

TRAVERSE CITY, Mich. — Michigan’s demand that Enbridge Inc. shut down an oil pipeline that runs through a channel linking two of the Great Lakes is based on bad information and political posturing and will be ignored, the Calgary-based company said Tuesday. Democratic Gov. Gretchen Whitmer in November moved to revoke a 1953 state easement … Read more Enbridge rejects Michigan’s order to shut down Line 5 pipeline through Great Lakes

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Renewables account for most new U.S. electricity generating capacity in 2021 – EIA

  Source: U.S. Energy Information Administration, Preliminary Monthly Electric Generator Inventory, October 2020 According to the U.S. Energy Information Administration’s (EIA) latest inventory of electricity generators, developers and power plant owners plan for 39.7 gigawatts (GW) of new electricity generating capacity to start commercial operation in 2021. Solar will account for the largest share of new capacity … Read more Renewables account for most new U.S. electricity generating capacity in 2021 – EIA

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Third of oil and gas workers faced pay cut in 2020 due to pandemic, survey shows

LONDON (Reuters) – Almost one in three workers in the oil and gas industry faced pay cuts in 2020, a worldwide survey showed on Tuesday, as the coronavirus crisis drove down fuel demand and prices. Oil and gas workers are still among the highest paid in the world, but a majority of those questioned said … Read more Third of oil and gas workers faced pay cut in 2020 due to pandemic, survey shows

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Wall Street Visionaries Provide Chilling Views on Next Big Risk

By Sonali Basak Jan 12, 2021 (Bloomberg Markets) Few predicted—and most were unprepared for—the enormous challenges that have kicked off this decade: pandemic, economic collapse, social unrest, and political divisions around the world. Yet it’s the job of a Wall Street executive to factor in all the unknowns. So Bloomberg Markets asked three of the wisest … Read more Wall Street Visionaries Provide Chilling Views on Next Big Risk

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Oil Rallies to Fresh 10-Month High Amid U.S. Dollar’s Drop

Oil Prices Up

Jan 12, 2021 (Bloomberg) Oil in New York extended its recent rally to a new 10-month high as the dollar edged lower, increasing the appeal of commodities priced in the currency.Earlier, futures rose above $53 a barrel to the highest since February 2020. Prices have been climbing since the beginning of the year after promises of … Read more Oil Rallies to Fresh 10-Month High Amid U.S. Dollar’s Drop

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CW Petroleum Corp (CWPE) Announce Estimated 2020 Revenue to Exceed $7 Million With Positive Cash Flow and a 66% Increase in Volume of Refined Products Sold

Katy, Texas, Jan. 12, 2021 (GLOBE NEWSWIRE) — CW Petroleum Corp (OTCQB: CWPE), announce today the company’s 2020 Revenue is estimated to exceed $7 Million with positive cash flow and a 66% Increase in Volume of Refined Products Sold compared to 2019. If based on 2019 fuel pricing, the company’s 2020 Revenue would have exceeded $9 … Read more CW Petroleum Corp (CWPE) Announce Estimated 2020 Revenue to Exceed $7 Million With Positive Cash Flow and a 66% Increase in Volume of Refined Products Sold

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You Lost Your Oil and Gas Job. Now What? – Geoffrey Cann

By Geoffrey Cann You have lost your oil and gas job. What should you do now? As happens with depressing regularity, the global oil and gas industry has been scaling back its workforce as a way of coping with the on-going low prices of oil and gas. The headline oil and gas job losses are … Read more You Lost Your Oil and Gas Job. Now What? – Geoffrey Cann

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OPEC crude output cuts should help U.S. shale profits in 2021

HOUSTON (Reuters) – A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer. U.S. crude oil production has fallen 2 million barrels … Read more OPEC crude output cuts should help U.S. shale profits in 2021

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U.S. Imports of Saudi Crude Won’t Stay Zero for Long: Julian Lee

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

By Julian Lee Jan 9, 2021, 11:00 PM (Bloomberg Opinion) In the final week of 2020, the U.S. imported no crude from Saudi Arabia for the first time in 35 years. But it’s not quite the historic moment it might seem at first sight.As recently as 2017, the desert kingdom was regularly sending more than 1 million barrels a … Read more U.S. Imports of Saudi Crude Won’t Stay Zero for Long: Julian Lee

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Saudi Arabia’s Output Cuts Will Protect Its Riches: David Fickling

By David Fickling Jan 10, 2021 (Bloomberg Opinion)Saudi Arabia’s decision last week to deliver a surprise cut of 1 million barrels a day in its crude production shocked the oil market.In abandoning a policy of collective responsibility and letting other members of the OPEC+ grouping increase output while reducing its own, the kingdom took the entire burden of balancing supply and … Read more Saudi Arabia’s Output Cuts Will Protect Its Riches: David Fickling

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Institute of Hazard Prevention: 2021 Course Calendar – All-New 2021 Training Calendar Plan Your Professional Development For The Year Ahead

Institute-of-Hazard-Prevention-400x270-1

Plan Your Safety Training Professional Development For 2021 The 2021 Training Calendar is here, and now is the perfect time to schedule your professional development plan for the year. With expert-led, experience-based courses, these programs are designed to elevate your critical risk management skills and competencies. Find the right course for you; choose from three … Read more Institute of Hazard Prevention: 2021 Course Calendar – All-New 2021 Training Calendar Plan Your Professional Development For The Year Ahead

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Exporting the U.S. Shale Boom Has Changed Oil Markets Forever

(Bloomberg) Five years ago on New Year’s Eve, the Theo T left the Texas Gulf Coast with the first U.S. shale crude shipment overseas. The oil, gathered from nearby ConocoPhillips wells and sold to trading giant Vitol Group, set sail for Italy just two weeks after lawmakers lifted a long-standing ban on exports.It was the start of … Read more Exporting the U.S. Shale Boom Has Changed Oil Markets Forever

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U.S. drillers add oil and gas rigs for 7th week in a row -Baker Hughes

Jan 08, 2021 U.S. energy firms this week added oil and natural gas rigs for a seventh week in a row as higher energy prices have prompted producers to pull more fuel out of the ground in recent months. The oil and gas rig count, an early indicator of future output, rose nine to 360 … Read more U.S. drillers add oil and gas rigs for 7th week in a row -Baker Hughes

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Report warns global energy crisis looming without increased oil and gas investment – Deborah Jaremko

Shortage could mean higher fuel prices, increased energy poverty and rise in greenhouse gas levels By Deborah Jaremko A BP drilling rig in the Khazzan gas field in Oman. Photograph courtesy BP A significant increase in oil and gas investment is required to stave off a coming global energy crisis, according to an international body that … Read more Report warns global energy crisis looming without increased oil and gas investment – Deborah Jaremko

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Oil Dips Below $52 With Dollar Rising as Rally Takes a Breather

By Saket Sundria and Alex Longley  Jan 11, 2021 (Bloomberg) Oil fell as the dollar strengthened, with the steam coming out of a rally that pushed crude to the highest level in 10 months.Futures in New York lost 1% as the dollar’s gains reduced the appeal of raw materials such as oil that are priced in … Read more Oil Dips Below $52 With Dollar Rising as Rally Takes a Breather

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Ship Orders Slump 50% With Owners Unsure Which Green Fuel to Use

 Jan 10, 2021 (Bloomberg) Ship owners facing looming deadlines to use less-polluting fuels have slashed the number of new vessels on order because they don’t know which alternative technology to switch to.Ammonia, hydrogen, biofuels and electrification are some of the many contenders to power the world’s future merchant fleet, but most are only in the trial … Read more Ship Orders Slump 50% With Owners Unsure Which Green Fuel to Use

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Oil Has Best Week in Four Months With Saudi Cut Buoying Prices

Oil Prices Up

 Jan 8, 2021 (Bloomberg) Oil posted the biggest weekly gain since late September as Saudi Arabia’s plan to slice output spurred a surge in physical crude buying. Futures in New York advanced $3.72 this week and Brent oil topped $55 a barrel for the first time since February. Saudi Arabia’s pledge earlier this week to cut … Read more Oil Has Best Week in Four Months With Saudi Cut Buoying Prices

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Saudi Prince Hits a New Year Reset by Making Allies Not Enemies

Jan 7, 2021 (Bloomberg) On a day that Saudi Arabia jolted the oil market with an output cut it called a “gesture of goodwill,” the kingdom’s de-facto ruler took center stage in a mirrored concert hall, ready to resolve a different crisis. Crown Prince Mohammed bin Salman had presided over the rift with Qatar for more … Read more Saudi Prince Hits a New Year Reset by Making Allies Not Enemies

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Exxon Holds Back on Technology That Could Slow Climate Change

By Kevin Crowley and Akshat Rathi (Bloomberg)  Elk and pronghorn antelope migrate each fall through southern Wyoming, where the sparsely vegetated landscape slowly gives way to the foothills of the Rocky Mountains. Interrupting this serene vista is a dense web of steel pipes, tanks, and pumps owned by Exxon Mobil Corp. The industrial complex provides … Read more Exxon Holds Back on Technology That Could Slow Climate Change

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Shale CEO Sees Slow U.S. Oil Output Recovery Despite OPEC Pact

By David Wethe  Jan 6, 2021 (Bloomberg) One of the top producers in America’s shale patch doesn’t see drilling picking up significantly even after this week’s surprise Saudi pledge to curb production sent prices surging.“I really don’t see much increase in the Permian Basin or the U.S. shale over the next several years,” said Scott Sheffield, … Read more Shale CEO Sees Slow U.S. Oil Output Recovery Despite OPEC Pact

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The Real Price of Saudi Arabia’s Surprise Oil Cuts: Julian Lee

By Julian Lee Jan 6, 2021 (Bloomberg Opinion) Saudi Arabia’s $3 billion insurance premium to protect against falling oil prices will end up being a lot smaller than it seems at first sight. That holds even if demand turns out to be stronger than the kingdom seems to fear.This week’s OPEC+ meeting of oil producers broke up in … Read more The Real Price of Saudi Arabia’s Surprise Oil Cuts: Julian Lee

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U.S. Imports No Saudi Crude for First Time in 35 Years

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

By Sheela Tobben and Julian Lee Jan 6, 2021 (Bloomberg) The U.S. didn’t import any Saudi crude last week for the first time in 35 years, a reversal from just months ago when the Kingdom threatened to upend the American energy industry by unleashing a tsunami of exports into a market decimated by the pandemic.Eliminating the … Read more U.S. Imports No Saudi Crude for First Time in 35 Years

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Register Now to meet John Hayes at the Haynesville Natural Gas Drilling & Completions 2021 Exhibition & Conference in Houston, Texas on March 17-18.

Rocsol-Technologies-Feature-Logo-400x270-1

Register Now to meet John Hayes at the Haynesville Natural Gas Drilling & Completions 2021 Exhibition & Conference in Houston, Texas on March  17-18. John will be leading the discussion on A Convenient Technology to Estimate GeoMechanical properties from Drilling Data. Click here to learn more about the event: www.haynesville.drilling-completions.com/access/program

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What We Learned From the U.S.’s Bold Plan to Make Solar Cheaper

Solar Panels

 Jan 7, 2021, 4:00 AM (Bloomberg)A decade ago, the U.S. Department of Energy launched the SunShot Initiative, which aimed to cut the cost of solar energy by three-quarters and make it competitive with other forms of electricity. SunShot was ambitious, it was significant in scope, and, it turns out, it even hit one of its targets three years … Read more What We Learned From the U.S.’s Bold Plan to Make Solar Cheaper

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Devon Energy and WPX Energy Complete Merger of Equals Transaction

January 07, 2021 | Source: Devon Energy Corporation OKLAHOMA CITY and TULSA, Okla., Jan. 07, 2021 (GLOBE NEWSWIRE) — Devon Energy Corporation (“Devon”) (NYSE: DVN) and WPX Energy, Inc. (“WPX”) (NYSE: WPX) today announced the successful completion of their previously announced all-stock merger of equals, creating a leading energy producer in the U.S., with an asset base … Read more Devon Energy and WPX Energy Complete Merger of Equals Transaction

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Oil Touches Fresh 11-month Highs after U.S. inventory, U.S. Capitol Drama

Oil Storage

LONDON (Reuters) – Oil prices were steady on Thursday after hitting fresh 11-month highs on a fall in U.S. stockpiles and in the wake of a pledge by Saudi Arabia to cut output by more than expected. Brent crude was flat at $54.30 a barrel at 1452 GMT after touching $54.90, a fresh high not … Read more Oil Touches Fresh 11-month Highs after U.S. inventory, U.S. Capitol Drama

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World Winter Is Colder This Year and That’s Good for Energy Prices

By Bloomberg News  Jan 6, 2021 (Bloomberg)Freezing weather that’s gripped large parts of the northern hemisphere is delivering a winter blessing for oil, gas and coal prices as suppliers meet a surge in heating demand.Temperatures across much of Europe and Asia are well below normal and forecasters expect them to stay there for most of … Read more World Winter Is Colder This Year and That’s Good for Energy Prices

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PODCAST: Interview with Travis Parigi of LiquidFrameworks – Geoffrey Cann

Today’s podcast is with Travis Parigi, the CEO and President, as well as the founder, of LiquidFrameworks. LiquidFrameworks provides a mobile platform for field operations, allowing field workers to track jobs and manage their work. Today we discuss field operations and how mobile platforms are making changes. Check out my book, ‘Bits, Bytes, and Barrels: The Digital Transformation … Read more PODCAST: Interview with Travis Parigi of LiquidFrameworks – Geoffrey Cann

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ENERGY POLITICS: Georgia’s Blue Swash Tees Up a Flood of Green Spending: Liam Denning

By Liam Denning Jan 6, 2021 (Bloomberg Opinion) Hopes of a wave broke two months ago, but Georgia seems to have delivered a Blue swash. What does the improbable election of Raphael Warnock and, most likely, Jon Ossoff in the state’s Senate runoffs portend for all things green? In part, that may be determined by the next … Read more ENERGY POLITICS: Georgia’s Blue Swash Tees Up a Flood of Green Spending: Liam Denning

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Shale Will Need More Than $50 Oil and Saudi Cut to Boom Again

January 6, 2021  Higher crude prices should help battered producers pay debt  Wall Street has pushed for capital discipline for some time A horizontal drilling rig and a pump jack in Lea County, New Mexico.Photographer: Callaghan O’Hare/Bloomberg Don’t count on America’s shale industry to boom once again in response to $50-a-barrel oil and Saudi Arabia’s … Read more Shale Will Need More Than $50 Oil and Saudi Cut to Boom Again

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Exxon Discloses Full Scope of Fuel Emissions for First Time

Jan 5, 2021 (Bloomberg) Exxon Mobil Corp. disclosed emissions data on customers’ use of its fuels and other products for the first time after coming under pressure from investors. The oil giant’s so-called Scope 3 emissions from petroleum-product sales were equivalent to 730 million metric tons of carbon dioxide in 2019, according to the company’s Energy … Read more Exxon Discloses Full Scope of Fuel Emissions for First Time

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The 10 Ways Renewable Energy’s Boom Year Will Shape 2021

Jan 6, 2021 (Bloomberg) Even after Covid-19 has wreaked havoc on almost everything else, the new year begins with surging growth for renewable energy. “2020 was the year of positive surprises for the environment in a way that very few saw coming,” says Jeff McDermott, head of Nomura Greentech. “It was the breakout year in sustainability and infrastructure.”Growth … Read more The 10 Ways Renewable Energy’s Boom Year Will Shape 2021

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Oil Trades Above $50 Buoyed by Deep Saudi Output Cut

By Sharon Cho and Alex Longley Jan 6, 2021 (Bloomberg) Oil touched a 10-month high above $50 a barrel after Saudi Arabia pledged to cut an extra 1 million barrels a day of crude output in February and March.Futures in New York added 0.9% after the kingdom’s surprise move drove prices up 4.9% on Tuesday. OPEC+’s … Read more Oil Trades Above $50 Buoyed by Deep Saudi Output Cut

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Range Announces Pricing of Upsized $600 Million Offering of Senior Notes

January 05, 2021 | Source: Range Resources Corporation FORT WORTH, Texas, Jan. 05, 2021 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) (“Range” or the “Company”) announced today that it has priced at par an offering of $600 million aggregate principal amount of senior notes due 2029 (the “Notes”), which will carry an interest rate of 8.25%. Range expects … Read more Range Announces Pricing of Upsized $600 Million Offering of Senior Notes

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Goldman Sees Surprise Saudi Cut as Signal Oil Demand to Weaken

By Sharon Cho Jan 5, 2021 (Bloomberg) Saudi Arabia’s decision to cut oil production probably reflects expectations for demand to weaken further as coronavirus lockdowns return around the world, according to Goldman Sachs Group Inc. The kingdom’s pledge to lower output by 1 million barrels a day in February and March was surprising for several reasons, … Read more Goldman Sees Surprise Saudi Cut as Signal Oil Demand to Weaken

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Trump administration readies oil bidding in Alaska wildlife refuge

(Reuters) – The Trump administration on Wednesday will open bidding on drilling leases in a pristine Arctic wildlife refuge in Alaska despite tepid interest from the oil and gas industry and a pledge from incoming Democratic President-elect Joe Biden to protect the region. The move is among a slew of last-minute efforts by President Donald … Read more Trump administration readies oil bidding in Alaska wildlife refuge

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Becht’s BRAVO – The Next Evolution in Driving Margin Improvement

By: Robert Ohmes As highlighted in Becht’s “Winners, Losers, and Everything in Between” and Energy Transition webinars, the Energy Industry has experienced unprecedented change in 2020 – lower and slower demand recovery putting pressure on gross margins, overcapacity leading to facility shutdowns, reductions in staffing levels, delays in turnaround maintenance, and cutbacks in capital budgets.  … Read more Becht’s BRAVO – The Next Evolution in Driving Margin Improvement

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2021 Annual Training Pass: Save up to 75%, Limited Time Offer on Process Safety Management Training – Institute of Hazard Prevention

Institute-of-Hazard-Prevention-400x270-1

There are only a few weeks left to reserve your ticket to a year of expert-led process safety management training for you, your team or your whole organization with the 2021 Training Pass from The Institute of Hazard Prevention. The Institute is uniquely the only training facility in Canada designed to help organizations like yours … Read more 2021 Annual Training Pass: Save up to 75%, Limited Time Offer on Process Safety Management Training – Institute of Hazard Prevention

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Proposed Virginia rules cloud Mountain Valley natgas pipeline startup

By Reuters Staff (Reuters) -Virginia environmental regulators have proposed stream-crossing rules that analysts say may delay startup of the Mountain Valley natural gas pipeline to 2022, but the companies involved said on Tuesday they were sticking with their late-2021 target. Natalie Cox, a spokeswoman at Equitrans Midstream Corp, one of the companies building the pipeline … Read more Proposed Virginia rules cloud Mountain Valley natgas pipeline startup

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Saudis Take Charge of Oil Market With Surprise Production Cut

Jan 5, 2021 (Bloomberg) Saudi Arabia surprised the market with a large cut in crude production, a bold assertion of primacy over the global oil industry that came directly from the kingdom’s de-facto ruler. The move papered over cracks in the OPEC+ coalition and was a U-turn from some recent Saudi oil-policy priorities, but those … Read more Saudis Take Charge of Oil Market With Surprise Production Cut

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Oil prices jump 5% on OPEC+ output talks, Iran tension

NEW YORK (Reuters) -Oil prices climbed nearly 5% on Tuesday after news that Saudi Arabia will make voluntary cuts to its oil output, while international political tension simmered over Iran’s seizure of a South Korean vessel. Brent crude futures rose $2.51, or 4.9%, to settle at $53.60 a barrel. U.S. West Texas Intermediate crude ended … Read more Oil prices jump 5% on OPEC+ output talks, Iran tension

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Last-minute White House decision opens more Arctic land to oil leasing

ANCHORAGE, Alaska (Reuters) – U.S. President Donald Trump’s administration announced on Monday that it has made final its plan to open up vast areas of once-protected Arctic Alaska territory to oil development. The U.S. Bureau of Land Management released its plan for the National Petroleum Reserve in Alaska (NPR-A), a 23 million-acre swath of land … Read more Last-minute White House decision opens more Arctic land to oil leasing

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OPEC+ Heads Back Into Talks on Supply Hike With Russia Isolated

By Salma El Wardany, Grant Smith and Javier Blas Jan 5, 2021 (Bloomberg) OPEC+ heads back into talks seeking a resolution to Monday’s breakdown, with Russia isolated in its push for a production hike against a majority that want to maintain current output cuts. Ministers needed more time to resolve differences over how much extra oil … Read more OPEC+ Heads Back Into Talks on Supply Hike With Russia Isolated

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2021 Positive Energy: The Start of a New Beginning is Here – Gemini Fabrication

Gemini-Feature-Logo-400x270

“A team you can count on. A product you can trust.” ***We bring your structure to life *** Gemini has over 20 years’ experience as a CWB shop. Our structural and site steel capabilities provide the fastest turnaround to all your structural applications. Our lean manufacturing process offers high value to all clients and their … Read more 2021 Positive Energy: The Start of a New Beginning is Here – Gemini Fabrication

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Venezuela’s oil exports sink to 1940’s level under tighter U.S. sanctions -data

FILE PHOTO: A man walks past a gas station with the logos of the Venezuelan state oil company PDVSA in Caracas, Venezuela December 23, 2016. REUTERS/Carlos Garcia Rawlins/File Photo

(Reuters) -Pressured by strict U.S. sanctions, Venezuela’s oil exports plunged by 376,500 barrels per day (bpd) in 2020, according to Refinitiv Eikon data and internal documents from state-run PDVSA, financially squeezing socialist President Nicolas Maduro. The administration of U.S. President Donald Trump also put curbs on PDVSA’s main trading partners, the owners of tankers still … Read more Venezuela’s oil exports sink to 1940’s level under tighter U.S. sanctions -data

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Will Covid Stimulus Be the Breakthrough Carbon Capture Has Been Waiting For?

By Leslie Kaufman Jan 4, 2021 (Bloomberg) When the U.S. Congress passed its omnibus spending and Covid relief bill last month, plenty of people noted that it had a surprising amount for environmentalists to celebrate. Among the topline climate provisions: significant limits on a potent greenhouse gas found in refrigerants, new funds for wind and solar development, … Read more Will Covid Stimulus Be the Breakthrough Carbon Capture Has Been Waiting For?

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Swelling Iraqi Oil Sales Mean Trouble for OPEC+ Output Talks

Refinery smoke

By Anthony Di Paola Jan 5, 2021 (Bloomberg) Iraq boosted crude exports in December and may have exceeded its OPEC+ output quota, which could complicate talks on Tuesday between major producers over whether to boost oil supplies.Crude shipments from Iraq, the largest producer in the Organization of Petroleum Exporting Countries after Saudi Arabia, rose 4% last … Read more Swelling Iraqi Oil Sales Mean Trouble for OPEC+ Output Talks

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A Look Back At My Top 5 Digital Oil and Gas Trends To Watch In 2020 – Geoffrey Cann

Last year I highlighted 5 digital oil and gas trends that I thought were worth watching. Let’s see how they panned out… Digital Oil and Gas Trends It’s a fool’s errand to try to predict the future. 2020 was a crisp lesson in predictability, or perhaps more appropriately, unpredictability. I can almost guarantee that few … Read more A Look Back At My Top 5 Digital Oil and Gas Trends To Watch In 2020 – Geoffrey Cann

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OPEC+ Wary of Fragile Recovery Before Output-Hike Decision

Crude Oil Shipments In The Persian Gulf

By Salma El Wardany, Grant Smith and Javier Blas Jan 4, 2021 (Bloomberg) OPEC+ ministers will gather on Monday to discuss whether the oil market is strong enough to absorb another supply hike next month, with many countries wary of undermining a fragile recovery.At a long and late meeting on Sunday, several countries including Saudi Arabia … Read more OPEC+ Wary of Fragile Recovery Before Output-Hike Decision

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Oil Erases Gain With OPEC+ Set to Decide on February Output

By Sharon Cho and Alex Longley Jan 4, 2021 (Bloomberg) Oil erased earlier gains ahead of an OPEC+ meeting to decide whether the group can keep lifting output as a surging virus threatens the global energy demand recovery. Futures in New York fell 0.3% after earlier approaching $50 a barrel. The Organization of Petroleum Exporting Countries … Read more Oil Erases Gain With OPEC+ Set to Decide on February Output

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Ten Charts That Tell the Weird Story of Oil and Energy in 2020: Nathaniel Bullard

By Nathaniel Bullard Dec 30, 2020 (Bloomberg Opinion) 2020 has given us many things to ponder — perhaps too many. Nevertheless, it is the analyst’s job to distill the trends that define today and tell us something about tomorrow. In that spirit, here are 10 significant charts from my writing on energy and climate this year.Energy became … Read more Ten Charts That Tell the Weird Story of Oil and Energy in 2020: Nathaniel Bullard

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OPEC+ Emerges From 2020 Chaos to Face Delicate Balancing Act

By Grant Smith Jan 3, 2021 (Bloomberg) As one of the most tumultuous years in oil’s history ends, a delicate task now confronts OPEC+.The alliance of producers led by Saudi Arabia and Russia must decide whether it can continue to restore crude supplies without capsizing the price recovery they spent most of 2020 working to achieve.Moscow believes that … Read more OPEC+ Emerges From 2020 Chaos to Face Delicate Balancing Act

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U.S. energy execs see capital spending rising in 2021 – Dallas Fed survey

NEW YORK (Reuters) – About half of U.S. energy company executives polled by the Federal Reserve Bank of Dallas expect their firms to increase capital spending in 2021, and another quarter of respondents see those expenditures remaining flat next year, according to a survey released on Wednesday. The coronavirus health crisis wiped out as much … Read more U.S. energy execs see capital spending rising in 2021 – Dallas Fed survey

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U.S. drillers add most oil and gas rigs in a quarter since second-quarter 2017 – Baker Hughes

By Reuters Staff (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a sixth week in a row in the best quarter for boosting the rig count since the second quarter of 2017 as producers return to the wellpad with crude prices holding above $45 a barrel. The oil and gas … Read more U.S. drillers add most oil and gas rigs in a quarter since second-quarter 2017 – Baker Hughes

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Oil Drilling in U.S. Ends 2020 at Pre-Shale Levels

By David Wethe Dec 31, 2020 (Bloomberg) The crisis that enveloped the oil industry in 2020 can be measured in various ways, but in the U.S. there may be no better single gauge than the tally of drilling rigs operating across the world’s largest producer.The weekly data shows at a glance the level of confidence from … Read more Oil Drilling in U.S. Ends 2020 at Pre-Shale Levels

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The Cleanest Fossil Fuel Is Set for a Post-Pandemic Rebound

Dec 31, 2020 Liquefied natural gas traders anticipate a swift demand recovery in 2021 after a year in which the coronavirus pandemic prompted dramatic price swings.Colder weather in key importing nations, outages at major production hubs and congestion along global shipping routes already have combined to push spot prices in Asia to the highest level … Read more The Cleanest Fossil Fuel Is Set for a Post-Pandemic Rebound

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Sizzling Hot: Solar stocks set to end pandemic year at record highs

(Reuters) – Solar stocks dazzled in 2020 and looked set to wrap up a year ravaged by the COVID-19 pandemic with triple-digit gains amid a shift in focus to ‘clean energy’ as the outbreak decimated the global oil industry. Giving the rally a leg up was Joe Biden’s victory in the November U.S. presidential election, … Read more Sizzling Hot: Solar stocks set to end pandemic year at record highs

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Oil set for 20% drop in 2020 as lockdowns weigh, market eyes stimulus

LONDON (Reuters) -Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralyzed much of the global economy, but prices have rebounded strongly from their lows as governments rolled out stimulus. On Thursday, the last trading day of 2020, Brent was down 55 cents, or 1%, at … Read more Oil set for 20% drop in 2020 as lockdowns weigh, market eyes stimulus

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Oil Outlook for 2021 Hit by New COVID-19 Strain

(Reuters) – Oil prices are unlikely to mount much of a recovery in 2021 as a new coronavirus variant and related travel restrictions threaten already weakened fuel demand, a Reuters poll showed on Thursday. The poll of 39 economists and analysts conducted in the second half of December forecast Brent crude prices would average $50.67 … Read more Oil Outlook for 2021 Hit by New COVID-19 Strain

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Special Report: UAE emerges as hub for companies helping Venezuela avoid U.S. oil sanctions

NEW YORK (Reuters) – In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela’s oil trade. Within weeks, a little-known company based in the United Arab Emirates took over management of several tankers that had … Read more Special Report: UAE emerges as hub for companies helping Venezuela avoid U.S. oil sanctions

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U.S. gasoline prices reach 9-month high as refiners cut more output

gas pumps

NEW YORK (Reuters) – U.S. gasoline prices hit a nine-month peak as drivers took to the roads on holiday travel, crude oil prices kept climbing and refiners further cut fuel production due to weak margins. Prices at the pump topped $2.25 a gallon this week, according to the American Automobile Association, the highest since March … Read more U.S. gasoline prices reach 9-month high as refiners cut more output

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Devon Energy and WPX Energy Shareholders Approve Merger of Equals

December 30, 2020 | Source: Devon Energy Corporation OKLAHOMA CITY & TULSA, Okla., Dec. 30, 2020 (GLOBE NEWSWIRE) — Devon Energy Corporation (“Devon”) (NYSE: DVN) and WPX Energy, Inc. (“WPX”) (NYSE: WPX) today announced the shareholders of both companies voted in favor of all proposals necessary for the closing of the previously announced all-stock merger of … Read more Devon Energy and WPX Energy Shareholders Approve Merger of Equals

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Battered energy sector could get reprieve from ‘golden cross’ chart signal

(Reuters) -Energy, Wall Street’s worst performing industry in 2020, could see its fortunes improve in the new year after its price action surfaced a technical buy signal on the charts on Wednesday. The bullish development in S&P 500 energy sector is called a “golden cross,” which is conventionally defined by technical analysts as the 50-day … Read more Battered energy sector could get reprieve from ‘golden cross’ chart signal

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Explainer: How does Canada’s Clean Fuel Standard policy work?

CALGARY, Alberta (Reuters) – Canada published the draft Clean Fuel Standard this month, which is central to the ruling Liberal Party’s commitment to cut greenhouse gas emissions 30% below 2005 levels by 2030. The proposed regulation is also a key part of Prime Minister Justin Trudeau’s pledge that Canada will hit net-zero emissions by 2050. … Read more Explainer: How does Canada’s Clean Fuel Standard policy work?

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Halliburton cuts Venezuela staff after U.S. sanctions halt operations

(Reuters) – Oilfield services provider Halliburton Co has reduced its workforce in Venezuela as a result of U.S. sanctions limiting its operations in the crisis-stricken OPEC nation, a spokeswoman for the company said on Wednesday. Washington in April limited the activities Halliburton – as well as rivals Schlumberger NV, Baker Hughes Co and Weatherford International … Read more Halliburton cuts Venezuela staff after U.S. sanctions halt operations

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Exxon signals up to $20 billion writedown to overwhelm fourth-quarter gains in oil, chemicals

By Reuters Staff HOUSTON (Reuters) – Exxon Mobil Corp signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth quarter results, but the gains would be overshadowed by an up to $20 billion asset write down. The largest U.S. oil producer has posted losses in the first … Read more Exxon signals up to $20 billion writedown to overwhelm fourth-quarter gains in oil, chemicals

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Trump Faces Another Legal Battle Over Stiffer Solar Tariffs

Solar panel

By Brian Eckhouse Dec 29, 2020 (Bloomberg)A Washington-based solar-lobbying group is challenging an October proclamation by President Donald Trump that stiffened tariffs on imported solar equipment. Late Tuesday, the Solar Energy Industries Association and developers including NextEra Energy Inc. and Invenergy Renewables LLC asked the U.S. Court of International Trade for an injunction prohibiting the enforcement of … Read more Trump Faces Another Legal Battle Over Stiffer Solar Tariffs

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Russia Pushes Ahead on Europe Gas Link Before U.S. Sanctions

By Vanessa Dezem, Daniel Flatley and Dina Khrennikova Dec 29, 2020 (Bloomberg) Russia is stepping up work on the Nord Stream 2 pipeline before the U.S. tightens sanctions against the controversial project designed to feed more natural gas into Germany. Construction of the 1,230-kilometer (764-mile) pipeline reached a milestone on Monday with the completion of pipe-laying … Read more Russia Pushes Ahead on Europe Gas Link Before U.S. Sanctions

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Oil prices up on weaker dollar and lower inventories

Oil Storage

LONDON (Reuters) – Oil prices rose on Wednesday on the back of a weaker dollar, a decline in U.S. inventories and Britain’s approval of a second coronavirus vaccine, but both benchmark contracts remained on track for a decline of about 20% for the year. Brent crude futures gained 15 cents to $51.25 a barrel by … Read more Oil prices up on weaker dollar and lower inventories

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Concrete Encased Grounding Electrodes (Ufer) – What are your Thoughts about Ufer?

By: Al Aliperti and Greg Zoll This article is intended to stimulate thought and discussion on concrete encased grounding electrodes (Ufer grounding) and is the result of an outgrowth of a recent assignment the author assisted with. The author recognizes the subject is somewhat controversial among electrical engineers and designers. Photo: Rebar cage with embedded … Read more Concrete Encased Grounding Electrodes (Ufer) – What are your Thoughts about Ufer?

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Was 2020 Really So Bad for Oil?: Liam Denning

By Liam Denning Dec 28, 2020 (Bloomberg Opinion) If ever a year needed a shot of glass-half-full attitude, it’s 2020. I got it recently from an oil executive. Conversation turned inevitably to the pandemic and 10 million barrels a day of oil consumption — one in ten — going *poof*. Against which they offered this: Despite epic disruption, we still used 90 million barrels a … Read more Was 2020 Really So Bad for Oil?: Liam Denning

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The Biggest Climate Change Stories of 2020

By Bloomberg Green Dec 28, 2020 (Bloomberg) 2020 was a monumental year for just about every kind of news, and climate news was no exception. As the world reeled from the shocks of the coronavirus pandemic, racial tension, and economic collapse, it also dealt with deadly heat, hellacious wildfires, and the most active Atlantic hurricane season in recorded history.We may also remember 2020, … Read more The Biggest Climate Change Stories of 2020

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Denbury to Acquire Wyoming CO2 Enhanced Oil Recovery (EOR) Fields

Bolt-on Acquisition in Key Operating Area Supports CO2 EOR-Focused Strategy December 29, 2020 | Source: Denbury Inc. PLANO, Texas, Dec. 29, 2020 (GLOBE NEWSWIRE) — Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced that it has entered into an agreement with a subsidiary of Devon Energy Corporation to acquire a nearly 100% working interest … Read more Denbury to Acquire Wyoming CO2 Enhanced Oil Recovery (EOR) Fields

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Infrastructure and Energy Alternatives, Inc. Secures 185 MW Wind Construction Contract in Illinois

  December 29, 2020  | Source: Infrastructure and Energy Alternatives, Inc. INDIANAPOLIS, Dec. 29, 2020 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with specialized energy and heavy civil expertise, today announced that the Company has been awarded a wind construction contract for the 185 MW … Read more Infrastructure and Energy Alternatives, Inc. Secures 185 MW Wind Construction Contract in Illinois

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Crude Climbs in Wake of Weaker Dollar and Expected Supply Drop

Oil Prices Up

By Jessica Summers and Sheela Tobben  Dec 29, 2020 (Bloomberg) Oil advanced with support from a weaker dollar and expectations of declining U.S. crude inventories.Futures in New York rose as much as 1.5% on Tuesday, though liquidity was thin. A dip in the dollar boosts the appeal of commodities such as oil that are priced in … Read more Crude Climbs in Wake of Weaker Dollar and Expected Supply Drop

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

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row as higher energy prices prompt producers to keep returning to the wellpad in recent months. The oil and gas rig count, an early indicator of future output, rose 2 to 348 in the week to … Read more U.S. drillers add oil and gas rigs for fifth week in a row – Baker Hughes

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Petroteq Announces Debt Conversions

Petroteq Announces Debt Conversions December 28, 2020  | Source: Petroteq Energy Inc. SHERMAN OAKS, Calif., Dec. 28, 2020 (GLOBE NEWSWIRE) — Petroteq Energy Inc. (“Petroteq” or the “Company”) ‎‎(TSXV:PQE; ‎OTC:PQEFF; FSE:PQCF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, announces an intention to complete two shares for … Read more Petroteq Announces Debt Conversions

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Nord Stream 2 gas pipeline says has completed section in German waters

By Reuters Staff MOSCOW (Reuters) -The Russia-led Nord Stream 2 consortium said on Monday it has completed laying pipes for the project in German waters, finishing work on a 2.6 kilometre-long portion of the pipeline, which had been stalled by the threat of U.S. sanctions. “We have completed this work,” the consortium said in an … Read more Nord Stream 2 gas pipeline says has completed section in German waters

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Oil prices flat as U.S. stimulus counters weak demand

NEW YORK (Reuters) -Oil was little changed on Monday as optimism over the U.S. stimulus package and the start of a European vaccination campaign was offset by weak demand and the prospect of higher OPEC+ output. After U.S. President Donald Trump backed down from a threat to block a $2.3 trillion package to counteract a … Read more Oil prices flat as U.S. stimulus counters weak demand

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Wall Street’s Painful Lessons From a Year of Epic Debt Fights

(Bloomberg) From the collapse of storied retailers to the fall of a prominent hedge fund manager, 2020 offered a harsh reminder of what happens when the economy goes south.Bankruptcies reached levels not seen in a decade, distressed debt soared to almost $1 trillion and it may take years to repair the damage to airlines, restaurants and hotels. While … Read more Wall Street’s Painful Lessons From a Year of Epic Debt Fights

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Oil edges higher after Brexit deal, gains capped by pandemic

CALGARY, Alberta/LONDON (Reuters) -Oil prices inched higher on Thursday, helped by late-day buying in a low-volume session to close out the week. The market built gains overnight as Britain and the European Union reached a post-Brexit trade deal, reversed those gains, and then rebounded during the U.S. session to end modestly higher. U.S West Texas … Read more Oil edges higher after Brexit deal, gains capped by pandemic

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U.S. preparing new sanctions to impede Russia’s Nord Stream 2 pipeline

WASHINGTON (Reuters) – The United States is urging European allies and private companies to halt work that could help build the Nord Stream 2 natural gas pipeline and is preparing wider sanctions on the Russian project in coming weeks, senior Trump administration officials said on Wednesday. The outgoing Trump administration is readying a fresh round … Read more U.S. preparing new sanctions to impede Russia’s Nord Stream 2 pipeline

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Russia’s Novak Backs Further OPEC+ Oil-Output Hike in February

By Olga Tanas Dec 24, 2020 (Bloomberg) Russia plans to support a further gradual increase in OPEC+ production at the next meeting in January, because crude prices are within an optimal range. “To restore our output, that we’ve reduced a lot, the price range of $45 to $55 a barrel is the most optimal,” Deputy Prime … Read more Russia’s Novak Backs Further OPEC+ Oil-Output Hike in February

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Oil Set for Weekly Loss With Restrictions Growing to Curb Virus

By Jessica Summers Dec 24, 2020 (Bloomberg) Oil is poised for its first weekly loss since October as a new coronavirus mutation spreads through parts of the world and poses risks to energy demand in the wake of stricter lockdowns.Futures in New York declined nearly 2.7% so far this week, yet pared losses on Thursday with … Read more Oil Set for Weekly Loss With Restrictions Growing to Curb Virus

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Biden transition team holds talks with biofuel groups – sources

NEW YORK (Reuters) – U.S. President-elect Joe Biden’s transition team has held calls with biofuel groups on topics including compliance with U.S. biofuel blending laws and Biden’s low-carbon climate vision, according to two sources familiar with the conversations. The discussions with biofuel trade groups as well as POET, a top company in the cellulosic bio-ethanol … Read more Biden transition team holds talks with biofuel groups – sources

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Gas price rally buoys North American LNG developers looking to 2021

(Reuters) – North American LNG exporters are sounding more confident about the prospects for new projects in 2021 due to a sharp rally in prices driven by surging Asian demand, even as most industry analysts expect next year to be another difficult one. Natural gas futures in Europe and Asia have climbed to their highest … Read more Gas price rally buoys North American LNG developers looking to 2021

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Freight Boom Fires Buffett Trains, Maersk Ships and Oil Prices

Dec 23, 2020 (Bloomberg) A great global restock is at hand, filling ships, trucks and trains, and also firing oil demand.During the depths of China’s coronavirus crisis at the start of the year, shipping behemoth A.P. Moeller-Maersk A/S reported an unprecedented number of canceled sailings as the Asian country all but shut itself off from the … Read more Freight Boom Fires Buffett Trains, Maersk Ships and Oil Prices

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U.S. shale oil just had its worst year and the pain could bleed into 2021

Rig Worker

HOUSTON/NEW YORK (Reuters) – U.S. oil and gas shares and drilling activity are edging higher, but a disastrous year for the energy industry means the go-go days of the shale boom may be gone for good. Deep spending cuts that came with the collapse in fuel demand and oil prices due to the COVID-19 pandemic … Read more U.S. shale oil just had its worst year and the pain could bleed into 2021

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Martin Midstream Partners L.P. Announces Sale of Mega Lubricants

December 22, 2020  | Source: Martin Midstream Partners L.P. KILGORE, Texas, Dec. 22, 2020 (GLOBE NEWSWIRE) — Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP” or the “Partnership”) announced today the sale of certain assets used in connection with the Mega Lubricants shore-based terminals business to John W. Stone Oil Distributor, LLC (“Stone Oil”) for $22.4 million. … Read more Martin Midstream Partners L.P. Announces Sale of Mega Lubricants

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Nord Stream 2 to start laying gas pipes in Danish waters -regulator

By Reuters Staff MOSCOW (Reuters) – The Russia-led Nord Stream 2 consortium is expected to start laying gas pipes in Danish waters after construction was suspended for a year owing to the threat of sanctions from the United States, according to a Danish maritime regulator. Nord Stream 2, designed to double capacity of the existing … Read more Nord Stream 2 to start laying gas pipes in Danish waters -regulator

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Oil Steady Near $47 as Traders Weigh Stockpile Build, Virus Risk

Oil Storage

Dec 23, 2020 (Bloomberg) Oil steadied near $47 a barrel in New York after coming under pressure from signs of increased U.S. supply and the resurgence of the pandemic.West Texas Intermediate futures recouped earlier losses, though remain about 4% down this week. The American Petroleum Institute said U.S. crude inventories rose by 2.7 million barrels last … Read more Oil Steady Near $47 as Traders Weigh Stockpile Build, Virus Risk

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ASME B31.3 – Substantive Changes in the 2020 Edition – Becht

The new edition is scheduled to be issued December 2020. As usual, there are many clarifications, updated references to codes and standards, updates to basic allowable stresses and added listed materials to the 2018 Edition of ASME B31.3, Process Piping.  Becht has members on the involved ASME B31 committees and we are committed to sharing … Read more ASME B31.3 – Substantive Changes in the 2020 Edition – Becht

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Norway Top Court Rejects Climate Groups’ Arctic Oil Appeal

Offshore drilling

Dec 22, 2020 (Bloomberg) Norway’s top court dismissed an attempt by climate activists to halt Arctic oil exploration by Western Europe’s biggest petroleum-producing nation.The Nordic government beat back a lawsuit by environmental groups in the country’s Supreme Court, which ruled on Tuesday the authorities had acted lawfully by awarding exploration licenses in the Barents Sea to … Read more Norway Top Court Rejects Climate Groups’ Arctic Oil Appeal

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Oil Extends Losses as New Virus Strain Threatens Fuel Demand

Dec 22, 2020 (Bloomberg) Oil extended this week’s slump on fears that rising virus infections and a faster-spreading strain will inflict a new blow on fuel consumption.Futures are down more than 3% in New York since Friday’s close, though recouped some of the session’s earlier losses as U.S. legislation to revive the economy with massive spending … Read more Oil Extends Losses as New Virus Strain Threatens Fuel Demand

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VAALCO Announces Etame Acquisition Update: Other Joint Owners in Etame Have Not Exercised Their Pre-Emptive Rights to Acquire an Additional Interest in the Field

December 21, 2020 | Source: VAALCO Energy, Inc. HOUSTON, Dec. 21, 2020 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that, in connection with VAALCO’s previously announced acquisition from Sasol Gabon S.A. (“Sasol”) of Sasol’s 27.8% working interest(1) in the Etame Marin block offshore Gabon, the other joint owners … Read more VAALCO Announces Etame Acquisition Update: Other Joint Owners in Etame Have Not Exercised Their Pre-Emptive Rights to Acquire an Additional Interest in the Field

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Bonanza Creek Energy Announces Results of Borrowing Base Redetermination

December 22, 2020 | Source: Bonanza Creek Energy, Inc. DENVER, Dec. 22, 2020 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE: BCEI) (the “Company” or “Bonanza Creek”) today announced that the lenders under its senior secured credit facility have concluded their semi-annual redetermination and reaffirmed the facility’s borrowing base of $260 million and the elected commitments of … Read more Bonanza Creek Energy Announces Results of Borrowing Base Redetermination

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Diamondback Energy, Inc. to Acquire QEP Resources in All-Stock Transaction

December 21, 2020 | Source: Diamondback Energy, Inc. MIDLAND, Texas, Dec. 21, 2020 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) and QEP Resources (NYSE: QEP) (“QEP”) today announced that they have entered into a definitive agreement under which Diamondback will acquire QEP in an all-stock transaction valued at approximately $2.2 billion, including … Read more Diamondback Energy, Inc. to Acquire QEP Resources in All-Stock Transaction