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Renewed Cyber Worries in Oil and Gas – Geoffrey Cann

A fresh ransomware attack on an energy company reminds Boards that cyber threats are still real, and that energy infrastructure remains vulnerable. Weaponizing Digital This past week, a petroleum products company, Colonial Pipelines of Georgia, suffered a ransom-ware attack, and as a precaution, the company shut down its pipeline operations until the business could be secured. … Read more Renewed Cyber Worries in Oil and Gas – Geoffrey Cann

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Reckless Politics: Line 5 Shutdown Would Cause at Least $20.8B in Losses to Michigan, Ohio, Indiana and Pennsylvania, Analysis Finds

Consumer Energy Alliance Releases Report Highlighting Economic Impacts to Midwest and Great Lakes Consumers from Reckless Line 5 Closure May 10, 2021 LANSING, Mich.–(BUSINESS WIRE)–An unnecessary and premature shutdown of the Line 5 pipeline risks at least 33,000 jobs and a minimum of $20.8 billion in economic losses to consumers in Michigan, Ohio, Indiana and Pennsylvania, an independent third-party analysis requested by Consumer … Read more Reckless Politics: Line 5 Shutdown Would Cause at Least $20.8B in Losses to Michigan, Ohio, Indiana and Pennsylvania, Analysis Finds

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Pipeline hackers Say Their Aim is Cash, Not Chaos

The U.S. government and the top fuel pipeline operator in the United States on Monday worked to secure the network that transports nearly half of the East Coast’s fuel supplies, as the group suspected of a ransomware cyberattack that caused it to shutdown last week said it was just trying to make money. The attack … Read more Pipeline hackers Say Their Aim is Cash, Not Chaos

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BP says it will stick with top U.S. oil lobby after climate shift

BP said on Monday it will remain a member of the American Petroleum Institute (API) after the largest U.S. oil and gas trade lobby group addressed some differences with the British energy company over climate change. BP (BP.L), which plans to sharply cut its oil output and boost its renewable energy capacity over the next … Read more BP says it will stick with top U.S. oil lobby after climate shift

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Clarifying Carbon Credits: An Undervalued Opportunity For Producers

Clear Rush Co Feature Logo 400x270

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

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Column: Oil buying accelerates amid growing confidence in economic recovery

John Kemp Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base Hedge funds boosted their position in petroleum for the fourth week running, as bullishness about oil consumption and prices rebounded after the setback in March. Hedge funds and other … Read more Column: Oil buying accelerates amid growing confidence in economic recovery

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Ransom group linked to Colonial Pipeline hack is new but experienced

The ransomware group linked to the extortion attempt that has snared fuel deliveries across the U.S. East Coast may be new, but that doesn’t mean its hackers are amateurs. Who precisely is behind the disruptive intrusion into Colonial Pipeline hasn’t been made officially known and digital attribution can be tricky, especially early on in an … Read more Ransom group linked to Colonial Pipeline hack is new but experienced

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Oil Climbs With Gasoline as Cyberattack Knocks Out U.S. Pipeline

Oil Prices Up

May 10, 2021 (Bloomberg) Crude oil climbed along with gasoline in New York after a cyberattack put the largest oil-products pipeline in the U.S. out of action.West Texas Intermediate and Brent both rose as gasoline surged as much as 4.2% to the highest since May 2018, before paring gains. Colonial Pipeline Co., a supplier of gasoline, … Read more Oil Climbs With Gasoline as Cyberattack Knocks Out U.S. Pipeline

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Be a leading innovative company and share your energy innovation or emerging technologies to our EnergyNow audience – Energy Innovation Month June 1st – 30th, 2021

energy innovation month-June 2021-400x270

EnergyNow is featuring the Energy Innovation Month from June 1st to 30th, 2021 Energy Innovation Month is a month-long promotional campaign that will feature some of the latest and greatest innovation, technology, and research from experts across the energy sector. Be a leading innovative company and share your energy innovation or emerging technologies to our … Read more Be a leading innovative company and share your energy innovation or emerging technologies to our EnergyNow audience – Energy Innovation Month June 1st – 30th, 2021

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WATCH: Learn how to reduce lifecycle and capital costs up to 25% on your projects!

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DyCat Solutions is a specialized consulting service that provides business driven solutions to reduce lifecycle and capital costs up to 25%, improve schedule and reduce labor risk for industrial projects or programs. We have accomplished this by working with our customers to understand their business case and we provide solutions to support the business case … Read more WATCH: Learn how to reduce lifecycle and capital costs up to 25% on your projects!

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Reduce your company’s loss caused by inefficiencies and disputes

Westech-Feature-Logo-400x270-1

Unique and Precise Terminal Solutions Accurate measurement is the primary requirement for any industry to realize expected profit returns and reduce loss through inefficiencies and disputes. Westech understands this critical element of your business and can help you make the right technology choices for your next project. Our broad industry experience and thorough knowledge base … Read more Reduce your company’s loss caused by inefficiencies and disputes

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How to Optimize Operational Processes With BKY Tech

BKY Tech Feature Logo 400x270

If it ain’t broke don’t fix it, right? The 2020’s version of this idiom is, “Don’t create solutions for problems that don’t exist”. Sound familiar? Like that new memo that seems to come through every other week, the SOP for the SOP, the meeting that should have been an email, or the grandiose policy shift … Read more How to Optimize Operational Processes With BKY Tech

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

U.S. energy firms added oil and natural gas rigs for a second week in a row as higher oil prices prompted some drillers to return to the wellpad. The oil and gas rig count, an early indicator of future output, rose eight to 448 in the week to May 7, its highest since April 2020, … Read more U.S. drillers add oil and gas rigs for second week in a row -Baker Hughes

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Laredo Petroleum Announces Transformative Transactions

May 09, 2021  Acquisition of High-Margin, Oil-Weighted Howard County Leasehold Divestiture of Gas-Weighted Reserves in Reagan/Glasscock Counties TULSA, OK, May 09, 2021 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today announced the signing of a purchase and sale agreement to acquire the assets of Sabalo Energy, LLC (“Sabalo”), a portfolio … Read more Laredo Petroleum Announces Transformative Transactions

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White House Creates Task Force to Deal With Pipeline Breach

May 9, 2021 (Bloomberg) The investigation into a major cyber-attack on the biggest U.S. pipeline continued on Sunday as the White House pulled together an inter-agency task force to tackle the problem. The task force has been working through the weekend to address the breach, including exploring options for lessening its impact on the energy supply, … Read more White House Creates Task Force to Deal With Pipeline Breach

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Hack Knocks Out Pipeline for Third Day With Traders on Edge

May 10, 2021 (Bloomberg) Fuel suppliers are growing increasingly nervous about the possibility of gasoline and diesel shortages across the eastern U.S. almost two days after a cyberattack knocked out a massive pipeline.Colonial Pipeline said on Sunday that it was still developing a plan for restarting the nation’s largest fuel pipeline — a critical source … Read more Hack Knocks Out Pipeline for Third Day With Traders on Edge

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Explainer: Will Colonial fuel pipeline shutdown mean U.S. pump prices rise?

The largest U.S. fuel pipeline system, Colonial Pipeline, shut down on Friday after a cyberattack. Nearly half the fuel consumed in the populous eastern United States passes through the network. WHAT’S THE OUTLOOK FOR PUMP PRICES? Prices at gasoline stations are expected to rise if the outage continues. Retail prices across much of the United … Read more Explainer: Will Colonial fuel pipeline shutdown mean U.S. pump prices rise?

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Half of Shell’s Energy Mix to Be Clean Next Decade, CEO Says

May 9, 2021 (Bloomberg) Royal Dutch Shell Plc’s head expects clean energy to make up half of the company’s energy mix “somewhere in the next decade.” “If we do not make that type of process by the middle of next decade, we have a problem not just as a company but as a society,” Chief Executive … Read more Half of Shell’s Energy Mix to Be Clean Next Decade, CEO Says

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WATCH: Scovan’s International Women’s Day Interview Series!

Scovan-Engineering-Logo-Feature

Scovan launches International Women’s Day Interview Series With the importance of ESG strategies on the rise, diversity and inclusion are key components of corporate and social responsibility. Watch this clip from our interview series to hear our speakers perspectives on creating shareholder value through diverse voices at the table. With challenge comes change. Let’s all … Read more WATCH: Scovan’s International Women’s Day Interview Series!

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Cyber Attack Shuts Down U.S. Fuel Pipeline ‘Jugular,’

Top U.S. fuel pipeline operator Colonial Pipeline shut its entire network, the source of nearly half of the U.S. East Coast’s fuel supply, after a cyber attack that involved ransomware. The incident is one of the most disruptive digital ransom operations ever reported and has drawn attention to how critical U.S. energy infrastructure is vulnerable … Read more Cyber Attack Shuts Down U.S. Fuel Pipeline ‘Jugular,’

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Lithium producers grow bullish as EV revolution turbocharges demand

Braulio Lopez of Galaxy Resources lithium mining division carts halite concentrate at the Salar del Hombre Muerto, or Dead Man’s Salt Flat, an important source of lithium at around 4,000 meters (13,123 feet) above sea level on the border of the northern Argentine provinces of Catamarca and Salta, October 28, 2012. REUTERS/Enrique Marcarian/File Photo/File Photo … Read more Lithium producers grow bullish as EV revolution turbocharges demand

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Consolidation needed to quell U.S. shale production

The shale industry needs more consolidation to curb volume increases from smaller producers, Scott Sheffield, chief executive officer of top U.S. shale producer Pioneer Natural Resources (PXD.N), said on Wednesday. Privately-held firms have been adding rigs and increasing oil and gas production in the Permian Basin of west Texas and New Mexico this year, potentially … Read more Consolidation needed to quell U.S. shale production

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Big Oil Braces for Climate Votes as Investor Pressure Mounts

May 7, 2021 As Europe’s oil majors prepare to host their annual shareholder meetings, one topic is garnering almost all the attention. Climate change looms large for Royal Dutch Shell Plc, BP Plc and Total SE, with investors at all three energy giants calling for greater action. Shareholder resolutions on cutting carbon emissions are set … Read more Big Oil Braces for Climate Votes as Investor Pressure Mounts

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Oil Heads for Back-to-Back Weekly Gain as Commodities Run Hot

May 7, 2021 (Bloomberg) Oil headed for a second weekly advance as investors bet on rising energy demand amid a broader rally in commodities. West Texas Intermediate futures dipped on Friday after U.S. jobs data missed expectations. But the U.S. benchmark is on track for a 0.7% gain this week. That would be its first back-to-back … Read more Oil Heads for Back-to-Back Weekly Gain as Commodities Run Hot

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Energy Transfer Made $2.4 Billion From Texas Winter Storm

May 6, 2021 (Bloomberg) Energy Transfer LP, the pipeline giant controlled by billionaire Kelcy Warren, has emerged as the biggest winner so far from the deadly winter storm that paralyzed Texas in February. The company saw a positive earnings impact from the extreme weather of about $2.4 billion, it said Thursday in its first-quarter earnings statement. … Read more Energy Transfer Made $2.4 Billion From Texas Winter Storm

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Column: U.S. petroleum stockpiles normalise after pandemic surge – John Kemp

Oil Storage

John Kemp – Reuters Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base U.S. petroleum inventories have returned to normal after ballooning during the Saudi-Russian volume war and first wave of the coronavirus epidemic last year. Total stocks of crude … Read more Column: U.S. petroleum stockpiles normalise after pandemic surge – John Kemp

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U.S. solar jobs fell 7% in 2020 on pandemic, efficiency gains

Solar Panels

Reuters Jobs in the U.S. solar industry fell nearly 7% last year due to work restrictions related to the coronavirus pandemic and large gains in labor efficiency, according to an industry report published on Thursday. The decline extends a volatile period for solar sector jobs, which have yet to return to a peak reached in … Read more U.S. solar jobs fell 7% in 2020 on pandemic, efficiency gains

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Texas governor backs Exxon Mobil petition in climate case

The governor of Texas in an unusual move on Thursday asked the state’s Supreme Court to accept an Exxon Mobil Corp (XOM.N) petition seeking to reverse a state court decision in a climate change case. California municipal officials sued Exxon and other energy companies in 2017 seeking damages for rising sea levels they blamed on fossil … Read more Texas governor backs Exxon Mobil petition in climate case

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Top U.S. oil lobby slams Mexico energy policies as undermining USMCA, discriminatory

The top American oil lobby is urging the U.S. government to raise concerns about Mexican President Andres Manuel Lopez Obrador’s energy policies, which it said are undermining investor confidence and violate Mexico’s trade commitments. In a letter to senior U.S. officials dated May 5, the American Petroleum Institute (API) criticized recent amendments to the power … Read more Top U.S. oil lobby slams Mexico energy policies as undermining USMCA, discriminatory

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Oil Slides Amid Uneven Recovery in Global Consumption

By Saket Sundria and Alex Longley May 6, 2021 (Bloomberg) Oil slipped below $69 a barrel as traders assessed an uneven recovery in global demand.Global benchmark Brent has struggled for momentum after failing to break above $70 a barrel on Wednesday. While major crude importer India is battling a record coronavirus wave that’s sapped economic activity, … Read more Oil Slides Amid Uneven Recovery in Global Consumption

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Pent-Up U.S. Travel Demand Poised to Trigger 30% Surge in Jet-Fuel Use

May 5, 2021 (Bloomberg) It’s the postponed weddings and family reunions. It’s meeting newborn grandchildren and attending memorial services for loved ones lost to the pandemic. It’s the rebooked trips to Maui and adventures in new cities. All that travel demand has been piling up for more than a year, and now it’s about to burst … Read more Pent-Up U.S. Travel Demand Poised to Trigger 30% Surge in Jet-Fuel Use

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Gas and power sellers rack up billions in profit from Texas freeze

Natural gas suppliers, pipeline companies and banks that trade commodities have emerged as the biggest market winners from February’s U.S. winter blast that roiled gas and power markets, according to more than two dozen interviews and quarterly earnings reports. The deep freeze caught Texas’s utilities off-guard, killed more than 100 people and left 4.5 million … Read more Gas and power sellers rack up billions in profit from Texas freeze

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Exxon expects $200 mln in charges this year for job cuts

Exxon Mobil Corp (XOM.N) expects up to $200 million in charges this year related to job cuts in an era of cost savings, according to a regulatory filing. The biggest U.S. oil producer has slashed costs, delayed projects and said it could trim an estimated 14,000 employees globally, or 15%, including contractors. Exxon reported its first … Read more Exxon expects $200 mln in charges this year for job cuts

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Gas producer EQT Corp to buy private driller Alta Resources for $3 bln

EQT Corp (EQT.N), the largest U.S. natural gas producer, said on Thursday it will buy Appalachian basin rival Alta Resources for $2.93 billion in cash and stock, expanding its position in the gas-rich shale plays of the U.S. northeast. Dealmaking in the oil and gas space has been heating up as crude prices have jumped … Read more Gas producer EQT Corp to buy private driller Alta Resources for $3 bln

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Laredo Petroleum Announces First-Quarter 2021 Financial and Operating Results

May 05, 2021 TULSA, OK, May 05, 2021 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today announced its first-quarter 2021 financial and operating results. First-Quarter 2021 Highlights Generated $71 million of cash flows from operating activities and $22 million of Free Cash Flow1 Sold 723,579 shares at an average price … Read more Laredo Petroleum Announces First-Quarter 2021 Financial and Operating Results

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Denbury Reports First Quarter 2021 Results

May 06, 2021  PLANO, Texas, May 06, 2021 (GLOBE NEWSWIRE) — Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today provided results for the first quarter of 2021, including the following key outcomes: FIRST QUARTER 2021 HIGHLIGHTS Net cash provided by operating activities was $53 million; Adjusted cash flow from operations(1) (non-GAAP measure) was $81 million. Development … Read more Denbury Reports First Quarter 2021 Results

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Vantage Drilling International Reports First Quarter for 2021

May 06, 2021 HOUSTON, May 06, 2021 (GLOBE NEWSWIRE) — Vantage Drilling International (“Vantage” or the “Company”) reported a net loss attributable to controlling interest of approximately $36.0 million or $2.74 per diluted share for the three months ended March 31, 2021, based on the weighted average shares outstanding, as compared to a net loss … Read more Vantage Drilling International Reports First Quarter for 2021

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Marathon Oil, APA profits beat as crude prices recover from pandemic lows

U.S. oil and gas producers Marathon Oil Corp (MRO.N) and APA Corp (APA.O) beat Wall Street estimates for first-quarter profits on Wednesday, as COVID-19 vaccine rollouts and easing travel restrictions powered a rebound in oil prices. Crude prices are up at least a third this year, after the pandemic hammered fuel demand at the start of 2020. Marathon … Read more Marathon Oil, APA profits beat as crude prices recover from pandemic lows

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U.S. eyes nuclear reactor tax credit to meet climate goals -sources

The Indian Point Energy Center nuclear power plant, which New York Governor Andrew Cuomo announced will shutdown as planned, is pictured along the eastern shore of the Hudson River in Buchanan, New York, U.S., April 30, 2021. REUTERS/Mike Segar The White House has signaled privately to lawmakers and stakeholders in recent weeks that it supports … Read more U.S. eyes nuclear reactor tax credit to meet climate goals -sources

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API shows sharp drop in crude, product inventories

Reuters A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Crude oil and fuel stocks fell sharply in the most recent week, according to two market sources, citing American Petroleum Institute figures. Crude stocks fell by 7.7 … Read more API shows sharp drop in crude, product inventories

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U.S. approves massive solar project in California desert

Arrays of photovoltaic solar panels are seen at the Tenaska Imperial Solar Energy Center South as the spread of the coronavirus disease (COVID-19) continues in this aerial photo taken over El Centro, California, U.S., May 29, 2020. Picture taken with a drone. REUTERS/Bing Guan The Biden administration on Monday said it has approved a major … Read more U.S. approves massive solar project in California desert

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Oil Drives Toward $70 as Sagging U.S. Stockpiles Aid Bull Bets

May 5, 2021 (Bloomberg) Oil extended a rally after U.S. stockpiles fell and reopening drives in the U.S. and Europe showed signs of boosting demand.Brent neared $70 a barrel and West Texas Intermediate climbed for a third day. Gasoline futures surged to the highest since July 2018. The American Petroleum Institute reported crude supplies fell by … Read more Oil Drives Toward $70 as Sagging U.S. Stockpiles Aid Bull Bets

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Replacing Coal Plants With Renewables Is Cheaper 80% of the Time

By Leslie Kaufman May 5, 2021 (Bloomberg) About 80% of U.S. coal plants are now more expensive to keep running than to swap out for new wind and solar capacity, according to a report from Energy Innovation, a non-partisan climate and energy think tank.While renewables cost more than fossil energy for much of the last century, prices for new … Read more Replacing Coal Plants With Renewables Is Cheaper 80% of the Time

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WATCH: Global Energy Show 5×5 – Interview with Jim Gibson, Chief Catalyst, SAIT

Global Energy Show GES Feature Logo 400x270

Jim Gibson, Chief Catalyst, School for Advanced Digital Technology, SAIT discusses digital transformation, the critical steps energy companies need to take to set up for success, and how the digital transformation helps add value in day-to-day operations. To learn more about the Global Energy Show, or to register, please visit: www.globalenergyshow.com or see more interviews at … Read more WATCH: Global Energy Show 5×5 – Interview with Jim Gibson, Chief Catalyst, SAIT

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AUTOSOL Is Hiring Windows Software Developers

AUTOSOL is looking for highly motivated Windows software developers who have more than five years of Windows programming experience. This role will join the software engineering team in developing software in the C++ or C# languages. Applicants local to Houston, Texas are preferred, but remote options are available for those located in Colorado, New Mexico, … Read more AUTOSOL Is Hiring Windows Software Developers

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Six Reasons Asia’s Oil Refiners Aren’t Going Away Anytime Soon

(Bloomberg) Predictions of peak oil and the impending demise of fossil fuels will hit Asian oil refiners especially hard. The region is home to three of the top four oil-guzzling nations, and more than a third of global crude processing capacity. Yet, Asian refiners are expanding at a breakneck pace, even building massive new plants designed … Read more Six Reasons Asia’s Oil Refiners Aren’t Going Away Anytime Soon

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Solar Industry Crimped by Supply-Chain and Logistical Challenges

May 4, 2021 (Bloomberg) Supply-chain headaches for everything from glass to shipping capacity are pinching the solar industry.SolarEdge Technologies Inc. tumbled as much as 16%, the most in almost four months, after warning that margins will shrink slightly in coming months amid logistics-related cost pressures. The solar industry is facing a constellation of issues this year … Read more Solar Industry Crimped by Supply-Chain and Logistical Challenges

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U.S. House panel discusses low-carbon fuel with airline, biofuel industries

Members of a U.S. House of Representatives subcommittee met on Tuesday with representatives from the biofuels and airline industries to discuss ways to expand production of low-carbon aviation fuel, the subcommittee chair told Reuters. The meeting is part of a broader push by lawmakers to advance climate and energy legislation amid calls by U.S. President … Read more U.S. House panel discusses low-carbon fuel with airline, biofuel industries

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Unions push back as U.S. refiners shunt aside longtime trade workers

Operators of U.S. Midwest refiners, including BP, Marathon Petroleum Corp and Cenovus, are hiring lower-cost subcontractors to handle massive, months-long maintenance projects, setting aside longtime unionized workers, six sources familiar with the projects told Reuters. Refiners have sold assets and closed facilities and now are trying to cut labor expenses in response to the pandemic, … Read more Unions push back as U.S. refiners shunt aside longtime trade workers

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Climate activists urge BlackRock, Vanguard to vote against Exxon directors

Climate activists are prodding Exxon Mobil Corp’s (XOM.N) top shareholders to vote against the reelection of two directors, a move that could boost a hedge fund’s proxy fight to seat four candidates on the oil giant’s board. Environmental group Sierra Club and other activists have bombarded BlackRock Inc (BLK.N) and Vanguard Group with calls and emails urging that … Read more Climate activists urge BlackRock, Vanguard to vote against Exxon directors

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What is the Dakota Access Pipeline and Why it Faces Possible Closure

A U.S. court could order the Dakota Access Pipeline (DAPL) shut in coming weeks, disrupting deliveries of crude oil, and making nearby rail traffic more congested. WHAT IS DAPL? The 570,000-barrel-per-day (bpd) Dakota Access pipeline, or DAPL, is the largest oil pipeline out of the Bakken shale basin and has been locked in a legal … Read more What is the Dakota Access Pipeline and Why it Faces Possible Closure

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OPEC Keeps Crude Production Steady Before Planned Increases

May 4, 2021 (Bloomberg) OPEC kept crude production steady in April, ahead of a planned revival of supplies scheduled to begin this month.The Organization of Petroleum Exporting Countries pumped an average of 25.27 million barrels a day last month, about 50,000 a day less than in March, according to a Bloomberg survey. A setback for Libyan … Read more OPEC Keeps Crude Production Steady Before Planned Increases

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Rattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Reports First Quarter 2021 Financial and Operating Results

May 04, 2021 MIDLAND, Texas, May 04, 2021 (GLOBE NEWSWIRE) — Rattler Midstream LP (NASDAQ: RTLR) (“Rattler” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced financial and operating results for the first quarter ended March 31, 2021. FIRST QUARTER 2021 HIGHLIGHTS Q1 2021 consolidated net income (including non-controlling interest) of … Read more Rattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Reports First Quarter 2021 Financial and Operating Results

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Devon Energy Reports First-Quarter 2021 Financial and Operational Results

May 04, 2021  OKLAHOMA CITY, May 04, 2021 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the first quarter of 2021. The company’s earnings release, supplemental financial tables, updated guidance and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com. The company’s first-quarter conference call … Read more Devon Energy Reports First-Quarter 2021 Financial and Operational Results

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COMSTOCK RESOURCES, INC. REPORTS FIRST QUARTER 2021 FINANCIAL AND OPERATING RESULTS

May 04, 2021 FRISCO, TX, May 04, 2021 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) today reported financial and operating results for the quarter ended March 31, 2021. Highlights of 2021’s First Quarter Adjusted net income to common stockholders was $63 million for the quarter or $0.25 per diluted share. … Read more COMSTOCK RESOURCES, INC. REPORTS FIRST QUARTER 2021 FINANCIAL AND OPERATING RESULTS

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Frank’s International N.V. Announces First Quarter 2021 Results

May 04, 2021  HOUSTON, May 04, 2021 (GLOBE NEWSWIRE) — Frank’s International N.V. (NYSE: FI) (the “Company” or “Frank’s”) today reported financial and operational results for the three months ended March 31, 2021. First Quarter 2021 Financial Highlights Delivered first quarter revenue of $94.8 million, in line with expectations and fourth quarter 2020 revenue of … Read more Frank’s International N.V. Announces First Quarter 2021 Results

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Exterran Corporation Announces First Quarter 2021 Results

May 04, 2021| Source: Exterran Corporation Executing on $200 Million Exterran Water Solutions Contract Signed During the Quarter Raising Full Year Adjusted EBITDA Guidance to $150-160 million Capital Structure Strategy Review Underway to Drive Near-Term and Long-Term Success HOUSTON, May 04, 2021 (GLOBE NEWSWIRE) —  Exterran Corporation (NYSE: EXTN) (“Exterran” or the “Company”) today reported first … Read more Exterran Corporation Announces First Quarter 2021 Results

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Saudi Aramco Follows Big Oil Rivals With Bumper Earnings

May 4, 2021 (Bloomberg) Saudi Aramco’s profit soared in the first quarter following a recovery in global oil and gas markets, though free cash flow remained too low to fully cover dividend payments. The world’s biggest energy company kept its quarterly payout, almost all of which goes to the Saudi government, at $18.75 billion. The money … Read more Saudi Aramco Follows Big Oil Rivals With Bumper Earnings

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Oil Reaches Seven-Week High as Traders Bet on Improving Demand

Oil-Prices-Up

May 4, 2021 (Bloomberg) Oil climbed toward $66 a barrel on optimism that the resumption of economic activity in the U.S. and Europe will underpin demand. West Texas Intermediate futures gained 1.8%, reaching their highest since mid-March, while gasoline futures rose as much as 2.8%. The European Union plans to ease curbs for vaccinated travelers this … Read more Oil Reaches Seven-Week High as Traders Bet on Improving Demand

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Conoco Posts Earnings Beat, to Sell Cenovus Stake and Cut Debt

May 4, 2021 (Bloomberg)  ConocoPhillips will use a rebound in oil and gas prices to cut debt by about 25% over the next five years, signaling a focus on financial prudence even after completing one of the biggest shale takeovers in recent years.The Houston-based company will cut its borrowings by $5 billion, it said in … Read more Conoco Posts Earnings Beat, to Sell Cenovus Stake and Cut Debt

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Warren Buffett Sees a ‘Red Hot’ Economy With Creeping Inflation

May 2, 2021 (Bloomberg) Warren Buffett delivered a clear verdict Saturday on the state of the U.S. economy as it emerges from the pandemic: red hot.“It’s almost a buying frenzy,” the Berkshire Hathaway Inc. chief executive officer said during the conglomerate’s annual meeting, which was held virtually from Los Angeles. “People have money in their pocket … Read more Warren Buffett Sees a ‘Red Hot’ Economy With Creeping Inflation

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NCS Multistage Holdings, Inc. Announces First Quarter 2021 Results

May 03, 2021 First Quarter Results Total revenues of $28.5 million, a 48% year-over-year decrease and a 4% increase from the fourth quarter of 2020 Net loss of $(3.4) million and loss per diluted share of $(1.43); adjusted net loss of $(2.8) million and adjusted loss per diluted share of $(1.18) Adjusted EBITDA of $0.1 … Read more NCS Multistage Holdings, Inc. Announces First Quarter 2021 Results

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Bonanza Creek Energy Announces First Quarter 2021 Financial Results, Initiation of a Quarterly Dividend, and Formation of an ESG Committee of the Board of Directors

May 03, 2021 DENVER, May 03, 2021 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE: BCEI) (the “Company” or “Bonanza Creek”) today announced its first quarter 2021 financial results, announced a fixed per share dividend, and the formation of an ESG Committee of the Board. The Company has also posted an updated investor presentation to … Read more Bonanza Creek Energy Announces First Quarter 2021 Financial Results, Initiation of a Quarterly Dividend, and Formation of an ESG Committee of the Board of Directors

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Diamondback Energy, Inc. Announces First Quarter 2021 Financial and Operating Results

May 03, 2021  MIDLAND, Texas, May 03, 2021 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the first quarter ended March 31, 2021. FIRST QUARTER 2021 HIGHLIGHTS Previously announced Q1 2021 average production of 184.2 MBO/d (307.4 MBOE/d) Generated Q1 2021 cash flow from operating … Read more Diamondback Energy, Inc. Announces First Quarter 2021 Financial and Operating Results

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Oil Drops as Low Indian Demand Offsets Recovery Optimism

May 3, 2021 (Bloomberg) Oil prices dipped as traders weighed weaker fuel demand in India against optimism over the global economic recovery from the coronavirus pandemic.Brent crude fell 0.6% to about $66.50 a barrel in Asian trading. Sales of gasoline in India were the lowest in April since August, while average daily diesel sales were the lowest since … Read more Oil Drops as Low Indian Demand Offsets Recovery Optimism

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Commentary: We Basically Already Know How to Meet Biden’s Climate Targets

May 3, 2021 (Bloomberg)  At his Earth Day climate summit, President Joe Biden made official what had been expected for weeks: The U.S. would pledge to cut its greenhouse gas emissions by at least 50% from 2005 levels by 2030.Up until then, the White House’s strategy of linking climate change mitigation to job growth—a theme … Read more Commentary: We Basically Already Know How to Meet Biden’s Climate Targets

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Buffett Says Greg Abel is His Likely Successor at Berkshire

May 3, 2021 (Bloomberg) Warren Buffett said Greg Abel, Berkshire Hathaway Inc.’s vice chairman of non-insurance businesses, would be his likely successor if the billionaire were to step down.The board agrees that Abel, 58, would take over if anything were to happen to the 90-year-old chief executive officer, Buffett told CNBC. Abel had been seen as … Read more Buffett Says Greg Abel is His Likely Successor at Berkshire

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CW Petroleum Corp (CWPE): Reports 60% Increase in Product Sales for 2020 with Revenue of $7.0 Million

May 03, 2021  Katy, Texas, May 03, 2021 (GLOBE NEWSWIRE) — CW Petroleum Corp (OTCQB: CWPE), a leading provider of Proprietary Reformulated No Ethanol Gasoline and Biofuels, announce today Revenue for fiscal 2020 was $7.0 Million with a Profit of $106,839 vs. $6.5 Million and a loss of $45,262 in 2019. Our sales of $7.0 Million in … Read more CW Petroleum Corp (CWPE): Reports 60% Increase in Product Sales for 2020 with Revenue of $7.0 Million

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Green Plains Reports First Quarter 2021 Financial Results

May 03, 2021 Results for the First Quarter of 2021: Net loss attributable to the company of $6.5 million, or $(0.17) per diluted share inclusive of a $36.9 million gain related to the sale of certain assets and a $22.1 million charge related to the extinguishment of convertible notes Adjusted EBITDA of $15.4 million, exclusive … Read more Green Plains Reports First Quarter 2021 Financial Results

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Ring Energy Provides Guidance on First Quarter 2021 Debt Reduction, Drilling Program and Sales Volumes

May 03, 2021 — Announces Timing of First Quarter 2021 Earnings Release and Conference Call — THE WOODLANDS, Texas, May 03, 2021 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) announced today it further paid down debt in the first quarter of 2021, and provided an update on its previously announced Northwest … Read more Ring Energy Provides Guidance on First Quarter 2021 Debt Reduction, Drilling Program and Sales Volumes

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Berkshire defends $8 bln Texas power proposal to combat blackouts

Christina Beverly and John Shearon light candles in their home after winter weather caused electricity blackouts and “boil water” notices in Fort Worth, Texas, U.S. February 20, 2021. Their home has not had power since blackouts began across the state on Sunday, February 14, 2021, according to the residents. REUTERS/Cooper Neill Berkshire Hathaway Inc (BRKa.N) on Saturday … Read more Berkshire defends $8 bln Texas power proposal to combat blackouts

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From Alberta with Love, How Advanced Modularization Tactics Are Cutting Costs in Texas

from-alberta-love_1200

By Vista Projects In today’s volatile energy market, cost control is on top of every asset owner’s mind. And the pressure to reduce costs has created new opportunities for execution strategies from other markets. This article reviews a recent example of our engineering consulting work with a global chemical processor. The client agreed to have … Read more From Alberta with Love, How Advanced Modularization Tactics Are Cutting Costs in Texas

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North Carolina again denies permit for Mountain Valley gas pipe extension

The North Carolina Department of Environmental Quality (DEQ) again denied Mountain Valley Pipeline’s (MVP) request for a water permit for its proposed Southgate natural gas pipeline project from Virginia to North Carolina. The DEQ first denied the request in August 2020. MVP appealed that decision to the U.S. Court of Appeals for the Fourth Circuit, … Read more North Carolina again denies permit for Mountain Valley gas pipe extension

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How to Fast Track Growth Strategy – Mergers & Acquisitions

M&A is one strategy for continued growth in the energy industry, especially when the market goes into increased volatility. The second half of 2020 was interesting as we saw more corporate deals than acreage deals, like the acquisitions of Parsley by Pioneer Resources and Concho Resources by ConocoPhillips in the U.S. and the Cenovus Energy-Husky … Read more How to Fast Track Growth Strategy – Mergers & Acquisitions

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WHITE PAPER: Detecting Toxic Gases with Open Path Systems

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Background In February 2015, a Coca-Cola bottling plant in Speedway, Indianapolis initiated emergency procedures after a strong ammonia smell was sensed by 25 workers. The plant was immediately evacuated and a significant emergency response was provided by local Fire Department and Hazmat teams. The source of the leak was an 80,000 gallon tank, which was … Read more WHITE PAPER: Detecting Toxic Gases with Open Path Systems

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GEMINI INTERVIEW SERIES | EPISODE 05

Gemini-Feature-Logo-400x270

Here it is folks, the 5th and final episode in the interview mini-series. Gemini Fabrication has released the fifth episode in our mini-interview series. Come with us as we take you on a journey to meet some of the leaders and industry experts who help make Gemini Fabrication the #1 Fabricator in Western Canada. Find out from … Read more GEMINI INTERVIEW SERIES | EPISODE 05

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Osperity’s OMNI is an all-in-one solution that helps companies in the energy industry manage their remote locations & assets safely and more efficiently. Includes hardware and AI-Driven analytics for exception-based alerting.

Osperity Feature Logo 400x270

OMNI solution empowers organizations to remotely monitor and inspect industrial sites & assets with visual AI-driven event detection and exception-based alerting. Remote and distributed locations are time consuming and costly to monitor. Osperity removes these challenges by enabling organizations to visually inspect and monitor their remote locations from anywhere with any connected device. Capitalize on … Read more Osperity’s OMNI is an all-in-one solution that helps companies in the energy industry manage their remote locations & assets safely and more efficiently. Includes hardware and AI-Driven analytics for exception-based alerting.

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U.S. drillers add oil and gas rigs for ninth month – Baker Hughes

U.S. energy firms added oil and natural gas rigs this week, leading to a ninth straight monthly rig count increase, as a recovery in prices lured some drillers back to the wellpad. The oil and gas rig count, an early indicator of future output, rose two to 440 in the week to April 30, its … Read more U.S. drillers add oil and gas rigs for ninth month – Baker Hughes

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Exxon, Chevron Garner Huge Cash-Flow Boosts on Crude’s Rally

Apr 30, 2021 (Bloomberg) Exxon Mobil Corp. and Chevron Corp. generated the most free cash flow in more than a year as economies around the world claw their way out of lockdowns, boosting energy demand.Rallying crude prices and demand for chemicals used in plastics more than offset losses from refining oil as the largest North American … Read more Exxon, Chevron Garner Huge Cash-Flow Boosts on Crude’s Rally

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April Wrap: Oil Posts April Gain With Focus on Upcoming Demand Revival

Apr 30, 2021 (Bloomberg) Oil rose this month with a slew of positive economic data and signs of a budding fuel consumption revival in key economies offsetting a worsening coronavirus crisis elsewhere.Futures in New York rose this week, extending its monthly gain to 7.5%. The near-certain likelihood of higher fuel consumption in the U.S., China and the U.K … Read more April Wrap: Oil Posts April Gain With Focus on Upcoming Demand Revival

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Huge rise in coronavirus cases hit India’s April fuel demand

A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas/File Photo Indian state refiners’ local fuel sales in April declined due to state-level restrictions aimed at stemming a rampant second wave of coronavirus infections, preliminary data shows. The deadly second wave topped … Read more Huge rise in coronavirus cases hit India’s April fuel demand

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Exxon CEO says advancing U.S. carbon capture project with rivals, government

The Houston Ship Channel and adjacent refineries, part of the Port of Houston, are seen in Houston, Texas, U.S., May 5, 2019. REUTERS/Loren Elliott Exxon Mobil Corp (XOM.N) is advancing a carbon capture and storage project along the U.S. Gulf of Mexico through talks with rivals and government officials, Chief Executive Darren Woods said in an interview … Read more Exxon CEO says advancing U.S. carbon capture project with rivals, government

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Canada’s oil sands region becomes country’s COVID-19 hotspot

A truck drives down a street at Syncrude’s oil sands operation on May 23, 2006 near Fort McMurray, Alberta. REUTERS/Todd Korol Canada’s remote oil sands region in northern Alberta has become a COVID-19 hotspot, disrupting essential annual maintenance work at its massive oil sands plants. The oil-rich province of Alberta is battling the highest rate … Read more Canada’s oil sands region becomes country’s COVID-19 hotspot

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Big Oil Is Boosting ETF Returns and ESG Funds Are No Exception

Apr 30, 2021 (Bloomberg) The powerful rebound in oil prices has turned exchange-traded funds tracking fossil fuels into some of the best performing in the U.S. this year. Strangely, the rally in crude has been pretty good for products aiming to safeguard the environment, too.A quirk in the way many environmental, social and governance indexes are … Read more Big Oil Is Boosting ETF Returns and ESG Funds Are No Exception

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Exxon Rebounds to First Profit Since 2019 on Crude Surge

Apr 30, 2021 (Bloomberg) Exxon Mobil Corp. snapped a record streak of losses as rising oil and natural gas prices bolstered one of the biggest dividends in the S&P 500 Index. Exxon earned 64 cents a share in the first quarter, beating the 61-cent average estimate from analysts in a Bloomberg survey. The oil giant’s exploration … Read more Exxon Rebounds to First Profit Since 2019 on Crude Surge

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EV-Charging Industry Is Doing Everything Except Showing a Profit

Apr 30, 2021 (Bloomberg) President Joe Biden’s plan to wean U.S. drivers off fossil fuels requires massive investment in public charging stations to power the electric-car revolution. So far, none of the companies that deploy the equipment has figured out how to make a profit.The dilemma boils down to demand, and there’s a certain chicken-and-egg quality to it. … Read more EV-Charging Industry Is Doing Everything Except Showing a Profit

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Oil Drops With Recent Global Markets Rally Taking a Breather

Apr 30, 2021 (Bloomberg) Oil declined as a recent rally in equities and commodities paused.Futures in New York dropped 1.1% on Friday as raw materials cooled from a scorching rally, while the dollar climbed making commodities priced in the currency less attractive. Prices remain on track for a weekly gain after topping $65 a barrel on … Read more Oil Drops With Recent Global Markets Rally Taking a Breather

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Shale Gas Producer Slams ‘Flawed’ Climate Pledges Made by Peers

Apr 29, 2021 (Bloomberg) An executive at U.S. shale gas explorer CNX Resource Corp. criticized the long-term pledges to reduce emissions that have slowly gained traction in the industry, saying they lack detail and accountability.“Committing to a target or goal decades into the future, without a concrete path to accomplish them and without accountability for those … Read more Shale Gas Producer Slams ‘Flawed’ Climate Pledges Made by Peers

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Marathon Oil raises quarterly dividend by 33%, cuts debt

Marathon Petroleum Corp. Gas Station

A Marathon Oil well site is seen as oil and gas activity dips in the Eagle Ford Shale oilfield in Texas, U.S., because of the COVID-19 pandemic and the drop in demand for oil globally. May 18, 2020. REUTERS/Jennifer Hiller Marathon Oil Corp (MRO.N) on Thursday became the latest U.S. oil producer to raise its quarterly dividend … Read more Marathon Oil raises quarterly dividend by 33%, cuts debt

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Chesapeake Energy considers sale of South Texas assets – sources

Chesapeake Energy Corp (CHK.O), which exited bankruptcy in February, is working with two banks on a potential sale of its oil-producing South Texas assets that could fetch as much as $2 billion, two sources familiar with the plan said. The launch of a formal sale process by the U.S. natural gas producer, however, could be … Read more Chesapeake Energy considers sale of South Texas assets – sources

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Mammoth Energy Services, Inc. Announces First Quarter 2021 Operational and Financial Results

April 29, 2021 OKLAHOMA CITY, April 29, 2021 (GLOBE NEWSWIRE) — Mammoth Energy Services, Inc. (“Mammoth” or the “Company”) (NASDAQ: TUSK) today reported financial and operational results for the first quarter ended March 31, 2021. Financial Overview for the First Quarter 2021: Total revenue was $66.8 million for the three months ended March 31, 2021, down 22% … Read more Mammoth Energy Services, Inc. Announces First Quarter 2021 Operational and Financial Results

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Contango Announces the Appointment of Two New Directors

April 29, 2021 FORT WORTH, Texas, April 29, 2021 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) today announced the appointment of Karen Simon and Janet Pasque to its Board of Directors (the “Board”) effective immediately. Ms. Simon brings extensive experience in investment banking and corporate finance, particularly … Read more Contango Announces the Appointment of Two New Directors

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Archrock Reports First Quarter 2021 Results

April 29, 2021 Archrock HOUSTON, April 29, 2021 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock”) today reported results for the first quarter of 2021. First Quarter 2021 Financial Results Revenue for the first quarter of 2021 was $195.4 million compared to $249.7 million in the first quarter of 2020. Net income for the first quarter … Read more Archrock Reports First Quarter 2021 Results

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U.S. solar industry unveils guidelines to free supply chain of forced labor

Solar panel

Arrays of photovoltaic solar panels are seen at the Tenaska Imperial Solar Energy Center South in this aerial photo taken over El Centro, California, U.S., May 29, 2020. Picture taken with a drone. REUTERS/Bing Guan The top U.S. solar industry trade group on Thursday issued a set of voluntary guidelines to solar panel manufacturers that … Read more U.S. solar industry unveils guidelines to free supply chain of forced labor

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Texas Set to Ban Griddy-Like Electricity Plans After Blackouts

Apr 29, 2021 (Bloomberg) Texas moved to ban retail electricity providers from offering the kinds of plans that led to astronomical power bills for customers during February’s energy crisis.Legislation passed by the state Senate Thursday and sent to the desk of Governor Greg Abbott for signature prohibits companies from tying electricity rates to the state’s volatile wholesale … Read more Texas Set to Ban Griddy-Like Electricity Plans After Blackouts

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Vitol Is Near $1 Billion-Plus Deal for Hunt’s Permian Oil Wells

Apr 29, 2021 (Bloomberg) –Vitol Group is said to be near a purchase of Hunt Oil Co.’s Permian Basin oil wells in what would mark the biggest independent crude trader’s first major acquisition of U.S. production assets, according to people with knowledge of the matter. The deal could be announced in coming days, said the … Read more Vitol Is Near $1 Billion-Plus Deal for Hunt’s Permian Oil Wells

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U.S. Supreme Court tackles pipeline company’s bid to seize New Jersey land

The U.S. Supreme Court on Wednesday wrestled with a bid by a group of energy companies seeking to seize land owned by New Jersey to build a $1 billion natural gas pipeline, as the state argues that its rights would be trampled. The justices heard arguments in an appeal by PennEast Pipeline Company LLC, a … Read more U.S. Supreme Court tackles pipeline company’s bid to seize New Jersey land

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NextEra Plans to Harness Landfill Gas to Make Renewable Fuel

NextEra Energy Logo

By Josh Saul and Naureen S. Malik Apr 28, 2021 (Bloomberg) NextEra Energy Inc. and OPAL Fuels LLC plan to capture methane from a Minnesota landfill to produce renewable natural gas, adding to a series of projects seeking to cash in on the energy source while helping cut greenhouse-gas emissions. The new plant will harness thousands … Read more NextEra Plans to Harness Landfill Gas to Make Renewable Fuel

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Shell Pays Down Debt as Profit Surges by More Than Expected

Apr 29, 2021 (Bloomberg) Royal Dutch Shell Plc took the opportunity to pay down its heavy debt burden as profit surged by more than expected in the first quarter. The energy giant became the latest oil major to restore earnings to pre-pandemic levels, thanks to a sharp recovery in the prices of crude, natural gas and … Read more Shell Pays Down Debt as Profit Surges by More Than Expected

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Oil Trades at Six-Week High With Demand Optimism Spurring Rally

Apr 29, 2021 (Bloomberg) Oil rose above $65 a barrel in New York for the first time in more than six weeks as signs of strengthening demand in key markets offset concerns about a Covid-19 resurgence in some countries, especially India.New York City aims to fully reopen July 1, while U.K. road fuel sales are nearing … Read more Oil Trades at Six-Week High With Demand Optimism Spurring Rally

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Europe’s oil majors leave pandemic blues behind

BP Gas Station

Europe’s major energy companies profited from a rise in oil prices to report big increases in first-quarter earnings on Thursday, putting the worst of the pandemic-driven slump in fuel demand behind them. Last year’s demand collapse forced BP (BP.L), Royal Dutch Shell (RDSa.L) and Equinor (EQNR.OL) to slash their dividends and preserve cash as they to try to transform themselves … Read more Europe’s oil majors leave pandemic blues behind

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Dril-Quip, Inc. Announces First Quarter 2021 Results

April 29, 2021  HOUSTON, April 29, 2021 (GLOBE NEWSWIRE) — Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) today reported operational and financial results for the first quarter of 2021. Key highlights for the first quarter of 2021 included: Delivered revenue of $81.2 million for the first quarter of 2021; Reported a net loss of … Read more Dril-Quip, Inc. Announces First Quarter 2021 Results

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Enphase Energy and Palomar Solar Grow Together Through Storage and Collaboration

April 29, 2021 FREMONT, Calif., April 29, 2021 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ:ENPH), a global energy management technology company and the world’s leading supplier of microinverter-based solar-plus-storage systems, today announced Palomar Solar, a leading Southern California solar energy installation company, expanded its Enphase Storage business and made valuable contributions to the companies’ long-standing collaboration on … Read more Enphase Energy and Palomar Solar Grow Together Through Storage and Collaboration

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RAM Industries Inc.
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RHK Hydraulic Cylinder Services Inc.

Column: Who Will Pay for the Energy Transition?

John Kemp Equipment used to capture carbon dioxide emissions is seen at a coal-fired power plant owned by NRG Energy where carbon collected from the plant will be used to extract crude from a nearby oilfield in Thomspsons, Texas, U.S. on January 9, 2017. REUTERS/Ernest Scheyder The transition from a fossil-fuel dominated energy system to … Read more Column: Who Will Pay for the Energy Transition?

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Stop Reading the Tea Leaves and Just Drink the Coffee…

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By Mark Kuppe – hard-working lover of fossil fuels, and my wife I was going to call this write-up “Communists in Calgary” (or similar) and take some shots at the out-going mayor of my beloved city (Who takes a double pension ever? Who does that? Our out-going mayor does) but that would be insensitive and … Read more Stop Reading the Tea Leaves and Just Drink the Coffee…

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Shares of Liberty Oilfield Services jump on earnings beat, outlook

Shares of Liberty Oilfield Services (LBRT.N) soared on Wednesday after the oilfield services provider topped Wall Street earnings estimates and issued an optimistic outlook for the shale-oil services market. Liberty’s shares were up roughly 13% at $12.20. Benchmark U.S. oil prices also climbed 1.37% to $63.79 on a smaller-than-expected increase in crude oil inventories that was … Read more Shares of Liberty Oilfield Services jump on earnings beat, outlook

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RAM Industries Inc.
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Duke Energy plans to triple U.S. renewable power output by 2030

File photo: The company logo and ticker for Duke Energy Corp. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 4, 2019. REUTERS/Brendan McDermid U.S. energy company Duke Energy Corp (DUK.N) said on Wednesday that it plans to triple its renewable power output to 23% by … Read more Duke Energy plans to triple U.S. renewable power output by 2030

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RAM Industries Inc.
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Major Chinese investors in talks to take Aramco stake -sources

Major Chinese investors are in talks to buy a stake in Saudi Aramco (2222.SE), several sources told Reuters on Wednesday, as Saudi Arabia’s state oil firm prepares to sell another slice of its business to international investors. Saudi Arabia was in discussions to sell 1% of Aramco to a leading global energy company and could … Read more Major Chinese investors in talks to take Aramco stake -sources

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RAM Industries Inc.
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DTE Strengthens Pledge to Net Zero Goal by Collaborating with Automakers to Optimize EV Charging

April 28, 2021 DETROIT, April 28, 2021 (GLOBE NEWSWIRE) — DTE Energy, Michigan’s largest energy company, is collaborating with Electric Vehicle (EV) manufacturers to optimize EV charging through the new DTE Smart Charge program. This program aims to help the company balance energy demand on the grid while moving closer to its environmental goal of … Read more DTE Strengthens Pledge to Net Zero Goal by Collaborating with Automakers to Optimize EV Charging

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RAM Industries Inc.
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Murphy USA Inc. Reports First Quarter 2021 Results

April 28, 2021 EL DORADO, Ark., April 28, 2021 (GLOBE NEWSWIRE) — Murphy USA Inc. (NYSE: MUSA), a leading marketer of retail motor fuel products and convenience merchandise, today announced financial results for the three months ended March 31, 2021. Key Highlights: Net income was $55.3 million, or $2.01 per diluted share, in Q1 2021 compared … Read more Murphy USA Inc. Reports First Quarter 2021 Results

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Oil States Announces First Quarter 2021 Results of Operations

April 28, 2021 HOUSTON, April 28, 2021 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE: OIS) reported a net loss of $15.8 million, or $0.26 per share, for the first quarter of 2021, which included non-cash fixed asset impairment charges of $0.7 million ($0.5 million after-tax, or $0.01 per share), severance and restructuring charges of $3.4 million ($2.7 million after-tax, or $0.04 per … Read more Oil States Announces First Quarter 2021 Results of Operations

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U.S. Auto Suppliers Oppose Setting Gas-Powered Phaseout Date

A group representing auto suppliers will tell U.S. lawmakers on Tuesday it opposes setting a firm date to end the sale of new gasoline-powered passenger cars and expects those vehicles will be sold for at least another 20 years. The Motor & Equipment Manufacturers Association (MEMA), which represents more than 1,000 vehicle suppliers, will tell … Read more U.S. Auto Suppliers Oppose Setting Gas-Powered Phaseout Date

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Oil Gains a Second Day With OPEC+ Signaling Confidence in Demand

Apr 28, 2021 (Bloomberg) Oil rose after OPEC+ confirmed it would proceed with its plan to add more barrels to the market, despite a virus resurgence in some regions clouding the demand outlook. Futures in New York climbed above $63 a barrel, adding as much as 0.8%. An OPEC+ committee agreed the group should stick to its road-map … Read more Oil Gains a Second Day With OPEC+ Signaling Confidence in Demand

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RAM Industries Inc.
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Lee Energy Systems to Offer Rock to Rock Barriers “ON THE ROCK”

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Lee Energy Systems is excited to announce Import Tool will market the Lee Energy Systems’ proprietary products and technologies, such as the Gator Perforator and the Speed Squeeze Hydraulic Stimulation System on the East Coast of Canada.  Import allows Lee the opportunity to access the local market with a proven team on the operations, field … Read more Lee Energy Systems to Offer Rock to Rock Barriers “ON THE ROCK”

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RAM Industries Inc.
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Argentina’s Shale Industry Rattled by Social Unrest in Patagonia

Apr 27, 2021 (Bloomberg) Blockades of roads to Argentina’s shale fields in Patagonia are set to enter their fourth week as health workers on the front lines of the pandemic demand salary increases to keep pace with one of the highest inflation rates in the world. Local hospital workers are stopping oil equipment and crews from … Read more Argentina’s Shale Industry Rattled by Social Unrest in Patagonia

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RAM Industries Inc.
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RHK Hydraulic Cylinder Services Inc.
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OPEC+ Confirms Plan to Gently Hike Supply as Demand Recovers

Apr 27, 2021 (Bloomberg) OPEC and its allies will proceed with plans to gently revive oil production as global demand recovers from the pandemic, despite surging infections in India.A committee led by Saudi Arabia and Russia agreed the coalition should press on with its roadmap for increasing supply by 2 million barrels a day over the next three … Read more OPEC+ Confirms Plan to Gently Hike Supply as Demand Recovers

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Senate to Start Undoing Trump’s Rollbacks Using Once Obscure Law

Apr 28, 2021 (Bloomberg) Senate Democrats will begin using a special procedure to undo parts of Donald Trump’s regulatory agenda Wednesday, starting by rescinding a measure that made it harder for the Environmental Protection Agency to limit leaks of the powerful greenhouse gas methane from oil and gas wells. The vote on the methane rule is … Read more Senate to Start Undoing Trump’s Rollbacks Using Once Obscure Law

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RAM Industries Inc.
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Covid Outbreak Grips Oil Sands Just as Skilled Tradespeople Descend for Maintenance Season

Apr 28, 2021 (Bloomberg)  In the U.S., Covid-19 infections are shrinking by the day. In France, officials are preparing to ease lockdown restrictions and jump-start air travel. In the U.K., workers are returning to offices in numbers not seen since the start of the pandemic as the vaccination rollout continues and cases fall.Not so in … Read more Covid Outbreak Grips Oil Sands Just as Skilled Tradespeople Descend for Maintenance Season

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RAM Industries Inc.
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Using Fabric Buildings for Commercial Mining and Exploration

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A Cobra Structures fabric building is a cost-effective way to make your company’s operations easier. Whether it’s an insulated warehouse at a remote location or a maintenance facility in northern Canada, the installation team at Cobra Structures has proven to install their fabric buildings on budget and on time. Their commercial buildings go as wide … Read more Using Fabric Buildings for Commercial Mining and Exploration

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RAM Industries Inc.
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Osperity

Case Study: Torxen Precision Sleeve with Tracer Integration for Long Term Surveillance and Understanding of Zonal Contribution.

Steelhaus-feature-logo 400x270

100+ installs and 14 months of production monitoring from the first install. “Understanding contributions across a horizontal producing lateral is a basic need from a Stimulation and Production Optimization standpoint. In our quest to understand and validate contributions from unstimulated laterals – we Jointly developed the Tracer Sleeve Technology along with Steelhaus Technologies Inc. and Core … Read more Case Study: Torxen Precision Sleeve with Tracer Integration for Long Term Surveillance and Understanding of Zonal Contribution.

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RAM Industries Inc.
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Water Scarcity & Drought are Consuming the Western U.S. – Your Produced Water Can Offer A Lifeline While Improving Your ESG Performance

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“Much of the U.S. West is facing the driest spring in seven years, setting up a climate disaster that could strangle agriculture, fuel deadly wildfires, and even hurt power production. […] Western cities will face tighter water-use restrictions, rekindling political battles over increasingly scarce resources.” It is no secret that California and the word drought … Read more Water Scarcity & Drought are Consuming the Western U.S. – Your Produced Water Can Offer A Lifeline While Improving Your ESG Performance

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Becht
RAM Industries Inc.
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Chesapeake Searches for Next CEO After Lawler’s Abrupt Exit

Apr 27, 2021 (Bloomberg) Chesapeake Energy Corp. is searching for its next chief executive officer after the sudden departure of Doug Lawler less than three months on from the company’s exit from bankruptcy and as speculation continues to swirl about consolidation in the U.S. shale industry.Lawler’s departure is effective April 30 and Chairman Mike Wichterich will … Read more Chesapeake Searches for Next CEO After Lawler’s Abrupt Exit

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RAM Industries Inc.
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Biden administration offers $8.25 bln in loans for power grid

The U.S. Energy Department said on Tuesday it is offering up to $8.25 billion in loans for companies to boost the power grid as part of the Biden administration’s goal to set the country on a path to 100% clean energy by 2035. The department is making financing available for projects that improve resilience and … Read more Biden administration offers $8.25 bln in loans for power grid

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RAM Industries Inc.
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U.S. oil lease pause will not hit states’ income near term, official says

Revenues disbursed to states from federal oil and gas leasing are not expected to decline significantly in the near term due to the Biden administration’s pause and review of the program, an official said on Tuesday. Nada Culver, deputy director of policy and programs for the U.S. Bureau of Land Management, told a Senate committee … Read more U.S. oil lease pause will not hit states’ income near term, official says

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RAM Industries Inc.
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WATCH: Global Energy Show 5×5 – Interview with Jackson Hegland, Executive Director of MELA

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Jackson Hegland, Executive Director of the Methane Emissions Leadership Alliance (MELA) discusses methane mitigation, the regulatory landscape of Canada and the impressive innovations and technologies that are working towards reaching global climate targets. To learn more about the Global Energy Show, or to register, please visit: www.globalenergyshow.com or see more interviews at anchor.fm/globalenergyshow

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Navigating the Greenhouse Gas Conundrum. How supply chain ecosystems can meet new renewable growth demands

By Mel Larson, Manager, Strategic Consulting, and John Koo, Director, Director, Business Development Asia-Pacific, at Becht Reliability of energy delivery saves lives.  Fires in California and Australia, rolling blackouts in UK and grid failure in the dead of water in Texas are examples of events that impact people in a very real and tangible way.  … Read more Navigating the Greenhouse Gas Conundrum. How supply chain ecosystems can meet new renewable growth demands

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RAM Industries Inc.
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Digital transformation high in demand but low in success; why?

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Many organizations are spending significant resources on “digital transformations”, but data shows that most will not succeed. CALGARY, April 28, 2021 — Today, digital transformation is a hot topic. With the goal of increasing efficiency within organizations, statistics show that a high percentage of these initiatives fail, 84% of them according to McKinsey. While businesses … Read more Digital transformation high in demand but low in success; why?

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Immigration Society of Calgary And Cadeon Inc Employ Newcomers to Guide Newcomers with Mobile Applications

http://bit.ly/Cadeon-TIBCO-SpotFire-Group-March23

Cadeon is pleased to announce the appointment of Jaeyoung Chu as Lead Mobile App Developer for the Welcome to Saskatoon project for the organization, International Women of Saskatoon (IWS). This valuable and accessible tool is designed to connect newcomers to Canada with resources in their community.  Learn More Cadeon is pleased to announce the appointment … Read more Immigration Society of Calgary And Cadeon Inc Employ Newcomers to Guide Newcomers with Mobile Applications

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RAM Industries Inc.
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Infrastructure and Energy Alternatives, Inc. Awarded $50 Million Wind Construction Contract in Iowa

April 27, 2021  Infrastructure and Energy Alternatives, Inc. INDIANAPOLIS, April 27, 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 awarded the Plymouth Wind Energy Center contract valued at approximately … Read more Infrastructure and Energy Alternatives, Inc. Awarded $50 Million Wind Construction Contract in Iowa

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RAM Industries Inc.
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Oil Gains With OPEC+ and BP Seeing a Strong Demand Recovery

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Apr 27, 2021 (Bloomberg) Oil climbed amid signs for demand is improving, even as Covid-19 flare-ups in India and other nations dragged on the near-term outlook.Futures in New York rose above $62 a barrel after slipping 0.4% on Monday. An OPEC+ technical committee raised its forecast for demand growth in 2021, but cautioned that a resurgent virus in … Read more Oil Gains With OPEC+ and BP Seeing a Strong Demand Recovery

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RAM Industries Inc.
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Big Oil’s Green Push Has Offshore Wind CEO Looking Over Shoulder

Apr 27, 2021 (Bloomberg) The world’s biggest developer of offshore wind farms plans to ramp up investment to preserve its market-leading position as oil companies eager to boost their green credentials pile into the technology. “The competition is increasing and, for the world, that’s a great thing. But it will mean that we will have to … Read more Big Oil’s Green Push Has Offshore Wind CEO Looking Over Shoulder

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RAM Industries Inc.
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BP to resume share buybacks as profit soars on strong oil, gas trading

BP’s (BP.L) profit more than tripled to $2.6 billion in the first quarter thanks to stronger oil prices and bumper revenue from natural gas trading, paving the way for the energy company to start buying back its shares. The jump in profits from a year earlier comes as BP says it expects oil demand to recover … Read more BP to resume share buybacks as profit soars on strong oil, gas trading

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From coal and steel to carbon-free and digital: the EU reaches turning point

Metal coils are seen at ArcelorMittal steel plant in Ghent, Belgium, May 22, 2018. REUTERS/Yves Herman Years from now, 2021 may be seen as the moment the European Union took a leap forward from its post-World War Two birth as a coal and steel bloc to a modern green and digital economy. It could also … Read more From coal and steel to carbon-free and digital: the EU reaches turning point

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RAM Industries Inc.
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OPEC+ to meet Tuesday amid concern about rising virus cases

OPEC and its allies led by Russia will meet on Tuesday to discuss production policy amid upbeat forecasts for energy demand despite concerns about new coronavirus spikes in India, Brazil and Japan. The group, known as OPEC+, will hold its joint ministerial monitoring committee (JMMC) meeting on April 27 instead of April 28 as planned earlier, … Read more OPEC+ to meet Tuesday amid concern about rising virus cases

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RAM Industries Inc.
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Extraction Provides Preliminary Financial and Operational Results for First-Quarter 2021

April 26, 2021  DENVER, April 26, 2021 (GLOBE NEWSWIRE) — Extraction Oil & Gas, Inc. (NASDAQ: XOG) (“Extraction” or the “Company”) today provided preliminary financial and operational results for the first quarter of 2021. First Quarter 2021 Highlights Achieved average net sales volumes of 71.6 MBoe/d, including 26.0 MBbl/d of crude oil and 18.3 MBbl/d … Read more Extraction Provides Preliminary Financial and Operational Results for First-Quarter 2021

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Range Announces First Quarter 2021 Financial Results

April 26, 2021 FORT WORTH, Texas, April 26, 2021 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its first quarter 2021 financial results. Highlights – Realizations before index hedges of $3.20 per mcfe, or approximately $0.51 above NYMEX natural gas Pre-hedge NGL realization of $26.35 per barrel, highest since late 2018 NGL differential of $1.52 … Read more Range Announces First Quarter 2021 Financial Results

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Climate Goal Confusion: Why It’s So Hard to Compare Countries’ Climate Goals

Apr 26, 2021 (Bloomberg) There is just no accounting for climate change.This statement is not figurative, in the way “There’s no accounting for taste” is figurative. There’s literally no common accounting for what nations in the Paris Agreement are doing to fight climate change. And it’s causing headaches for anyone trying to figure out what’s actually going … Read more Climate Goal Confusion: Why It’s So Hard to Compare Countries’ Climate Goals

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Becht
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White House Pushing for 80% Clean U.S. Power Grid by 2030

The White House hopes to capitalize on growing support from U.S. utilities, unions and green groups for a national clean energy mandate by pushing Congress to pass a law requiring the U.S. grid to get 80% of its power from emissions-free sources by 2030, according to a senior administration official. The goal would fall short … Read more White House Pushing for 80% Clean U.S. Power Grid by 2030

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Becht
RAM Industries Inc.
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U.S. Refiners Boost Output Ahead of Summer

Apr 26, 2021 (Bloomberg) It’s not quite pedal to the metal yet but U.S. refiners are inching up production ahead of a summer driving season that might boost profits more than a year after the pandemic decimated gasoline demand.U.S. gasoline supplies were at a seven-week high in the week ended April 16 as refineries ran at … Read more U.S. Refiners Boost Output Ahead of Summer

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RAM Industries Inc.
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Osperity
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Schlumberger names new executives to energy transition business

Schlumberger

Top oilfield services firm Schlumberger NV (SLB.N) on Monday named new executives to energy transition units, according to a memo seen by Reuters, a move that signals its growing commitment to lower carbon businesses. Sebastian Pages, formerly in the Well Construction group, was appointed as New Energy finance director. Kahina Abdeli-Galinier, previously the marketing director for … Read more Schlumberger names new executives to energy transition business

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RAM Industries Inc.
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India’s Covid Crisis Threatens a Global Oil Recovery

The world’s biggest oil producers may now have to rethink their deal to ease output cuts. By Julian Lee Eerily quiet. Photographer: Hindustan Times/Hindustan Times Julian Lee is an oil strategist for Bloomberg First Word. Previously he worked as a senior analyst at the Centre for Global Energy Studies. India, the world’s third-largest oil consumer … Read more India’s Covid Crisis Threatens a Global Oil Recovery

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RAM Industries Inc.
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RHK Hydraulic Cylinder Services Inc.
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Oil Buckles Under Pressure From India’s Covid-19 Resurgence

Apr 26, 2021 (Bloomberg) Oil fell as India’s worsening Covid-19 crisis weighed on the near-term outlook for demand ahead of a key OPEC+ meeting later this week.Futures in New York slid 1.7% toward $61 a barrel. Signs of strain on India’s refiners are starting to emerge. Mangalore Refinery & Petrochemicals Ltd. has cut processing rates, while Indian Oil … Read more Oil Buckles Under Pressure From India’s Covid-19 Resurgence

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RAM Industries Inc.
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Pembina pauses development of Oregon Jordan Cove LNG plant

Reuters Snow covered transfer lines are seen at the Dominion Cove Point Liquefied Natural Gas (LNG) terminal in Lusby, Maryland March 18, 2014. REUTERS/Gary Cameron Canadian energy company Pembina Pipeline Corp (PPL.TO) paused development of its proposed Jordan Cove liquefied natural gas (LNG) export plant in Oregon, according to an appeals court filing. In the filing, on … Read more Pembina pauses development of Oregon Jordan Cove LNG plant

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Frustrated Canada Presses White House to Keep Great Lakes Line 5 Oil Pipeline Open

A signpost marks the presence of Enbridge’s Line 5 pipeline, which Michigan Governor Gretchen Whitmer ordered shut down in May 2021, in Sarnia, Ontario, Canada March 20, 2021. Picture taken March 20, 2021. REUTERS/Carlos Osorio/File Photo Canada is pushing on several diplomatic fronts against the U.S. state of Michigan’s efforts to close a cross-border oil … Read more Frustrated Canada Presses White House to Keep Great Lakes Line 5 Oil Pipeline Open

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RAM Industries Inc.
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Railserve, Inc. – A Marmon/Berkshire Hathaway Company: Safe – Sustainable – Efficient – Switching and Material Handling Services.

With the energy sectors ever changing metrics, your business demands more. We provide expertise in the management and operation of Crude-By-Rail terminals, and have for many years. Railserve’s core values focus on cultivating long-term, trusted relationships with our customers and business partners. We build these relationships through our considerable knowledge in the area of rail … Read more Railserve, Inc. – A Marmon/Berkshire Hathaway Company: Safe – Sustainable – Efficient – Switching and Material Handling Services.

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BECHT WEBINAR: Transitioning Back to Normalcy and Optimization – May 4, 2021

Join Becht for our Transitioning Back to Normalcy and Optimization Webinar. Our subject matter experts will discuss opportunities to help you optimize and improve refinery and plant process, reliability and maintenance. May 4, 2021 10AM CST REGISTER TODAY! In this first webinar we will highlight recent refinery optimization case studies and approaches, presented in three … Read more BECHT WEBINAR: Transitioning Back to Normalcy and Optimization – May 4, 2021

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Mitigate destructive effects of downhole dynamics and improve reliability of your downhole equipment!

Evolution-Horizontal-Feature

A unique and proprietary technology will help you mitigate destructive effects of downhole dynamics and improve reliability of your downhole equipment! Please contact Evolution Engineering if you would like a “Clover” shaped centralization sleeve to be a part of your MWD/LWD/RSS technology.

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RAM Industries Inc.
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An Explosive Situation – Stop Flame Propagation Safely

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A flame arrester is a device that stops flame propagation by extinguishing the flame. Flame arresters are used to help stop the spread of an explosion in a confined piping system, limiting the spread of an explosion that has already occurred, preventing potentially explosive mixtures from igniting, confining fire in a control environment and stopping the propagation of a flame … Read more An Explosive Situation – Stop Flame Propagation Safely

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RAM Industries Inc.
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California Governor Seeks End to Oil Drilling in State by 2045

An offshore oil platform is seen in Huntington Beach, California

Reuters Oil storage containers are seen, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S., April 7, 2021. REUTERS/Lucy Nicholson California Governor Gavin Newsom on Friday directed his administration to take steps to phase out oil and gas drilling in one of the nation’s top oil-producing states by 2045 and to ban new … Read more California Governor Seeks End to Oil Drilling in State by 2045

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RAM Industries Inc.
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Berkshire Gets Competitor in Race to Toughen Texas Grid

Apr 23, 2021 (Bloomberg) Starwood Energy, a power plant developer, is pitching an $8 billion plan to build natural gas plants for emergency use on the Texas grid, rivaling a proposal from Warren Buffett’s Berkshire Hathaway Inc.Starwood would construct 11 natural gas plants that could be used by the Texas grid operator when power supplies get … Read more Berkshire Gets Competitor in Race to Toughen Texas Grid

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RAM Industries Inc.
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John Kerry After Climate Summit: ‘This Is Where the Market Is Moving’

(Bloomberg) Bringing 40 heads of state together for two days of virtual climate talks created the most visible role yet for John Kerry, the White House’s special envoy for climate. With Friday’s end of a summit that focused on what nations need to do to curb planet-warming emissions, the top U.S. climate diplomat moved to reframe the moment as a historic economic … Read more John Kerry After Climate Summit: ‘This Is Where the Market Is Moving’

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RAM Industries Inc.
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Texas Storm Cost NextEra $180 Million in Uncollected Revenue

(Bloomberg) NextEra Energy Inc., the world’s biggest investor-owned generator of wind and solar power, said it wasn’t able to collect $180 million in revenue following the Texas energy crisis that left the state’s power market — and many of its power providers — in financial distress. Subsidiary NextEra Energy Resources LLC said in a first-quarter filing … Read more Texas Storm Cost NextEra $180 Million in Uncollected Revenue

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RAM Industries Inc.
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Worker group alleges unsafe practices at Marathon Minnesota refinery

Reuters A Marathon Petroleum banner outside the El Paso refinery in El Paso, Texas, U.S., October 1, 2018. REUTERS/Julio-Cesar Chavez/File Photo By Laura Sanicola (Reuters) – Inadequate safety standards at Marathon Petroleum’s St. Paul Park refinery in Minnesota have caused avoidable hydrocarbon and chemical releases that pose a threat to the community, a local worker … Read more Worker group alleges unsafe practices at Marathon Minnesota refinery

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RAM Industries Inc.
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Sundance Energy Successfully Deleverages Balance Sheet, Emerges from Chapter 11 Process Focused on Core Development Strategy

April 23, 2021  | Source: Sundance Energy Inc. Emerges from Chapter 11 Process Having Eliminated Over $250 Million of Funded Debt Obligations Company Now a Private Entity Under New Ownership and Guided by a New Board of Directors DENVER, April 23, 2021 (GLOBE NEWSWIRE) — Sundance Energy Inc. and its affiliates (“Sundance” or the “Company”), an … Read more Sundance Energy Successfully Deleverages Balance Sheet, Emerges from Chapter 11 Process Focused on Core Development Strategy

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Oil’s Hired Hands Declare Overseas Recovery With Robust 2022

Apr 23, 2021 (Bloomberg) Schlumberger is the latest oilfield giant to declare the worst is behind them in international markets after a historic crude price collapse, forecasting strong demand for their services into next year. The world’s biggest oilfield contractor joined rivals Halliburton Co. and Baker Hughes Co. this week in predicting expansion in overseas work … Read more Oil’s Hired Hands Declare Overseas Recovery With Robust 2022

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U.S. oil rig count falls for first week since March -Baker Hughes

U.S. energy firms cut the number of oil rigs operating for the first time since March even though higher oil prices in recent months have prompted some drillers to return to the wellpad. U.S. oil rigs fell one to 343 in the week to April 23, while gas rigs remained unchanged at 94, according to … Read more U.S. oil rig count falls for first week since March -Baker Hughes

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White House touts EVs, but not backing gasoline-powered phase-out date

The Biden administration wants to spend $174 billion to boost electric vehicles and charging stations but its 2030 climate emissions reduction pledge released on Thursday does not include a firm date to phase out gasoline-powered vehicles. “These autos are coming. We know it. It is the future,” White House climate adviser Gina McCarthy said of … Read more White House touts EVs, but not backing gasoline-powered phase-out date

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U.S. appeals court denies Dakota Access rehearing request, environmental review to continue

Law enforcement officers move into the main opposition camp against the Dakota Access oil pipeline near Cannon Ball, North Dakota, U.S., February 23, 2017. REUTERS/Terray Sylvester A U.S. appeals court on Friday denied Dakota Access LLC’s petition for a rehearing of a court decision that canceled a key permit for its oil pipeline and ordered … Read more U.S. appeals court denies Dakota Access rehearing request, environmental review to continue

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Biden’s climate summit zeroes in on technology to help fight global warming

U.S. President Joe Biden called on nations to work together on a transition to clean energy on Friday, the second and final day of a climate summit he hosted to rally world ambition to reduce global warming. “Nations that work together to invest in a cleaner economy will reap the rewards for their citizens,” the … Read more Biden’s climate summit zeroes in on technology to help fight global warming

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OPEC urges members to lobby against U.S. NOPEC bill and outline risks

OPEC is encouraging its members to engage with the U.S. administration over a proposed U.S. bill against the group, known as NOPEC, and to explain that passing the bill could put at risk U.S. interests abroad. A U.S. House panel passed a bill this week to open the Organization of the Petroleum Exporting Countries to … Read more OPEC urges members to lobby against U.S. NOPEC bill and outline risks

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Schlumberger signals improving international drilling activity

Schlumberger

The exterior of a Schlumberger Corporation building is pictured in West Houston January 16, 2015. REUTERS/Richard Carson International oil activity should ramp-up through the end of this year and beyond, Schlumberger NV (SLB.N) top boss Olivier Le Peuch said on Friday, a shift that will help the company grow revenue outside North America by double-digits in the … Read more Schlumberger signals improving international drilling activity

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Oil Holds Near $61 With Markets Weighing Mixed Demand Signals

Apr 23, 2021 (Bloomberg)Oil held near $61 a barrel in New York as traders balanced demand setbacks in Asia with more optimistic data from Europe. The market has been torn between divergent demand indicators this month, pushing West Texas Intermediate into weekly swings between gains and losses. Latest data showed robust manufacturing figures in Europe, … Read more Oil Holds Near $61 With Markets Weighing Mixed Demand Signals

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U.S. Makes ‘Game Changing’ Pledge at Climate Summit to Cut Emissions 50% by 2030

WASHINGTON (Reuters) — The Biden administration on Thursday pledged at a U.S. climate summit attended by world leaders to slash U.S. greenhouse gas emissions in half by 2030, a target it hopes will spur other big countries to raise their ambition to combat global warming. The United States, the world’s second-leading emitter after China, seeks … Read more U.S. Makes ‘Game Changing’ Pledge at Climate Summit to Cut Emissions 50% by 2030

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Stocks Drop on Biden Plan to Lift Capital-Gains Tax: Markets Wrap

US Stocks raise

Apr 22, 2021 (Bloomberg) U.S. stocks had their biggest slide in five weeks after President Joe Biden was said to propose almost doubling the capital-gain tax for the wealthy. The dollar advanced.The S&P 500 turned lower after Bloomberg News reported that for those earning $1 million or more, the new top rate, coupled with an existing surtax on … Read more Stocks Drop on Biden Plan to Lift Capital-Gains Tax: Markets Wrap

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WEBINAR: USING SOFTWARE IN THE FIELD PART 1 – The first step towards digitizing paperwork – Tuesday April 27

Tuesday, April 27, 2021 | 10am MDT REGISTER HERE The biggest challenge that Operations Managers, Project Managers, and CFOs face when switching from paper timesheets and field tickets to a software is knowing where to start. That’s why we’re going to guide you through what a Field Management Software like Aimsio can do. This is … Read more WEBINAR: USING SOFTWARE IN THE FIELD PART 1 – The first step towards digitizing paperwork – Tuesday April 27

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Factbox: The Ebb and Flow of Sanctions on Iranian Oil

In 2015, Iran reached a historic deal with six world powers to trade curbs on its nuclear programme for sanctions relief, including on oil. But in 2018, the United States under Donald Trump’s presidency quit the deal, and sanctions snapped back. Diplomatic efforts have gained some momentum to revive the deal in some form, raising … Read more Factbox: The Ebb and Flow of Sanctions on Iranian Oil

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New York City sues Exxon, BP, Shell in state court over climate change

A view of the Exxon Mobil refinery in Baytown, Texas September 15, 2008. REUTERS/Jessica Rinaldi New York City is suing three major oil companies and the top industry trade group in state court after a federal appeals court this month rejected its effort to hold the companies liable to help pay the costs of harm … Read more New York City sues Exxon, BP, Shell in state court over climate change

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Oil Erases Losses in New York With Demand Signals Mixed

Apr 22, 2021 (Bloomberg) Oil recovered earlier losses to trade above $61 a barrel in New York as the market weighed surging coronavirus cases in India against stronger demand in other key economies. West Texas Intermediate rose 0.2%, having earlier dropped 1.2%. While concern has grown over the scale of the outbreak in India, where cases have topped … Read more Oil Erases Losses in New York With Demand Signals Mixed

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Biden Pushes Carbon Plan to World Burned by U.S. Flip-Flops

Apr 22, 2021 (Bloomberg) President Joe Biden pledged to cut U.S. greenhouse gas emissions in half by 2030 as he convened 40 world leaders in a virtual summit intended to demonstrate renewed American resolve to fight climate change and pressure wary nations to raise their own ambitions. Biden announced in opening remarks for the two-day summit … Read more Biden Pushes Carbon Plan to World Burned by U.S. Flip-Flops

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Kinder Morgan raises outlook as profit surges on winter storm demand

Kinder Morgan (KMI.N) on Wednesday posted a quarterly profit that breezed past estimates, helping the U.S. pipeline operator raise its annual earnings forecast, on a demand surge for natural gas and electricity during the February winter storm. The company’s shares rose 2.7% in extended trading. A deep freeze that swept parts of the United States last … Read more Kinder Morgan raises outlook as profit surges on winter storm demand

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Valero shrugs off storm hit, sees silver lining in demand uptick

Reuters The Valero refinery next to the Houston Ship Channel is seen in Houston, Texas, U.S., May 5, 2019. REUTERS/Loren Elliott U.S. refiner Valero Energy Corp (VLO.N) posted a larger quarterly loss on Thursday as a winter storm hit its operations in February, but its top boss shrugged off the rare event to focus on rising fuel … Read more Valero shrugs off storm hit, sees silver lining in demand uptick

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Michigan regulator to weigh climate impact of Enbridge oil line tunnel

CALGARY, Alberta (Reuters) – A state of Michigan regulator said on Wednesday it will consider the impact of climate-warming greenhouse gas emissions when deciding whether Enbridge Inc can build an underwater tunnel to rehouse a four-mile (6-km) section of its Line 5 oil pipeline. The Michigan Public Service Commission (MPSC) agreed with interveners, including environmental … Read more Michigan regulator to weigh climate impact of Enbridge oil line tunnel

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Texas energy fund shuts, founder says millions squandered

The founder of a Texas oil and gas investment firm that raised about $31 million shut the business this month and acknowledged in a Reuters interview that he had squandered investors’ cash on “bad” and “non-arm’s-length” deals. Christopher Bentley, who founded Bellatorum Resources LLC in 2016 and raised funds from about 150 wealthy individuals, closed … Read more Texas energy fund shuts, founder says millions squandered

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Global oil demand to peak in 2026 -Rystad Energy

The rapid adoption of electric vehicles (EV) around the world will probably cause global oil demand to peak two years earlier than previously expected, Norway’s biggest independent energy consultancy Rystad said on Wednesday.     World demand is now seen peaking at 101.6 million barrels of oil per day (bpd) in 2026, down from a … Read more Global oil demand to peak in 2026 -Rystad Energy

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U.S. crude and gasoline stocks edge up, distillates draw down -EIA

Reuters U.S. crude oil stockpiles unexpectedly edged higher last week, while distillate inventories felland gasoline stocks built modestlyas refining rates held steady, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) rose by 594,000 barrels in the week to April 16 to 493 million barrels, compared with analysts’ expectations in a Reuters poll for … Read more U.S. crude and gasoline stocks edge up, distillates draw down -EIA

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Legendary Houston Trader Sees ‘Seismic Shift’ to Clean Energy

By Gerson Freitas Jr. Apr 20, 2021 (Bloomberg) For John Arnold, the billionaire philanthropist who made his fortune betting against natural gas prices, the fossil-fuel industry seems finally ready to move on.A year ago, talk in Houston’s energy hub was mostly about defending oil and gas and denouncing renewables, Arnold said Monday on his Twitter account. Now, much … Read more Legendary Houston Trader Sees ‘Seismic Shift’ to Clean Energy

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Oil Drops on Resurgent Virus, Reported Build in U.S. Stockpile

Apr 21, 2021 (Bloomberg) Oil fell amid concern that a resurgent virus will hurt demand in some economies, while industry data showed a slight build in U.S. inventories.West Texas Intermediate retreated 2.1%, extending Tuesday’s decline. The renewed spread of Covid-19 in countries such as India is casting a pall over the global economic rebound, even as … Read more Oil Drops on Resurgent Virus, Reported Build in U.S. Stockpile

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NextEra profit energized by surging demand for renewable power

Reuters NextEra Energy Inc (NEE.N) reported a better-than-expected quarterly profit on Wednesday, as the world’s largest producer of wind and solar energy benefited from surging demand for renewable power. NextEra is among the biggest beneficiaries of a global transition to clean energy from fossil fuels and briefly overtook oil behemoth Exxon Mobil Corp (XOM.N) in market value last year … Read more NextEra profit energized by surging demand for renewable power

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Halliburton, Baker Hughes Beat Estimates, Eye Oil Recovery

Reuters Halliburton’s campus in Houston, Texas, U.S. May 18, 2017. REUTERS/Daniel Kramer Baker Hughes (BKR.N) and Halliburton (HAL.N) on Wednesday said North American oil markets were showing signs of recovery as the two oilfield firms beat Wall Street expectations for first-quarter earnings. The upbeat outlook marked a sharp change from a year ago, when the pandemic slashed oilfield activity … Read more Halliburton, Baker Hughes Beat Estimates, Eye Oil Recovery

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Russia’s Novak says OPEC+ may confirm or tweak its plans

Reuters Russian Deputy Prime Minister Alexander Novak said on Wednesday that a OPEC+ meeting of oil producers next week may confirm or tweak output plans following its decision to ease production curbs. OPEC+ agreed on April 1 to ease oil output cuts gradually from May, after the new U.S. administration called on Saudi Arabia to keep energy … Read more Russia’s Novak says OPEC+ may confirm or tweak its plans

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Baker Hughes sticks to oilfield activity recovery prediction after weak quarter

Reuters Oilfield equipment and services provider Baker Hughes Co (BKR.N) top boss on Wednesday reiterated he is “cautiously optimistic” about oil demand recovering this year from the coronavirus blow, echoing a view he shared on the company’s last earnings call. The company reported a 40% fall in first-quarter adjusted profit, compared to the fourth, as the pandemic’s … Read more Baker Hughes sticks to oilfield activity recovery prediction after weak quarter

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WATCH: Global Energy Show 5×5 – Interview with Glen Pratt, CEO of George Gordon Developments Ltd.

Global Energy Show GES Feature Logo 400x270

Glen Pratt, CEO of George Gordon Developments Ltd. discusses the Pesakastew Solar Project, the importance of renewable energy projects for George Gordon First Nation Community Members and reducing CO2 emissions in Saskatchewan. To learn more about the Global Energy Show, or to register, please visit: www.globalenergyshow.com

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Becht is Global and We’re Local: Acquisition of EPS Customer Solutions

Energy Transition, Knowledge Transfer, & Technical Solutions Near You These have been trying times for all of us. The Refining, Petrochemical, Chemical, and Renewable Industry is navigating headwinds with reduced product demand while also considering global trends including energy transition, knowledge transfer, and a remote workforce. This year has forced us to make difficult moves … Read more Becht is Global and We’re Local: Acquisition of EPS Customer Solutions

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CASE STUDY: Crescent Point Elevates Oplii to Enterprise-Level Software Solution

Oplii-Featured-Logo-400x270-1-300x203

Download PDF Company Profile Crescent Point Energy Corp. Crescent Point is a leading North American oil producer focused on the sustainable development of high-quality assets. Employees 750+ Headquarters Calgary, Alberta Operations in BC, AB, SK & North Dakota Overview Back in 2015, Chief Inspector Doug Davey started thinking about how Crescent Point could modernize its … Read more CASE STUDY: Crescent Point Elevates Oplii to Enterprise-Level Software Solution

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U.S. Unveils Plan to Protect Power Grid From Foreign Hackers

Apr 20, 2021 (Bloomberg) The White House unveiled on Tuesday a 100-day plan intended to protect the U.S. power grid from cyber-attacks, mainly by creating a stronger relationship between U.S. national security agencies and the mostly private utilities that run the electrical system. The plan is among the first big steps toward fulfilling the Biden administration’s … Read more U.S. Unveils Plan to Protect Power Grid From Foreign Hackers

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Top Trader Sees Oil Demand Roaring Back

Apr 20, 2021 (Bloomberg) The head of Vitol Group, the world’s biggest independent oil trader, expects crude demand to come roaring back this year and next as the world emerges from the pandemic.Demand for crude will increase by 7 million to 8 million barrels a day by the end of 2022, up from current levels, and … Read more Top Trader Sees Oil Demand Roaring Back

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Infrastructure and Energy Alternatives, Inc. Awarded $300 Million in Wind and Solar Projects Across Texas and Illinois

April 20, 2021  INDIANAPOLIS, April 20, 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, announced today that the Company has been awarded three renewable energy construction projects for a combined total of approximately $300 million. Two … Read more Infrastructure and Energy Alternatives, Inc. Awarded $300 Million in Wind and Solar Projects Across Texas and Illinois

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Talking Points on Flaring – Alex Epstein

Oil Tanker

More from Alex Epstein’s Energy Talking Points The widely-condemned “flaring” of natural gas is a vital safety measure that decreases the energy efficiency of US drilling by less than 1%. And that number would be far lower without the infrastructure-blocking of anti-fossil fuel activists who claim to oppose flaring. Quick summary Opponents of fossil fuels … Read more Talking Points on Flaring – Alex Epstein

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Manulife Committing $300 Million to Solar Company CleanCapital

Apr 20, 2021 Manulife Investment Management committed $300 million to invest in CleanCapital, an owner and operator of U.S. solar assets. The insurance giant took a majority stake in CleanCapital, said Thomas Byrne, CEO of the New York-based solar and energy storage company. The size of the stake will grow as CleanCapital invests the Manulife … Read more Manulife Committing $300 Million to Solar Company CleanCapital

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U.S. House panel advances bill allowing anti-trust suits against OPEC

A U.S. House panel on Tuesday passed a bill to open the OPEC oil production group and countries working with it to lawsuits for collusion in boosting petroleum prices, but it was uncertain whether the full chamber would consider the legislation. The so-called NOPEC bill, introduced by Representative Steve Chabot, a Republican, passed on a … Read more U.S. House panel advances bill allowing anti-trust suits against OPEC

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We Can Help Kick Start Your Sales – Details Here:

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

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Exxon floats $100 bln carbon storage project requiring public, private financing

Reuters Exxon Mobil (XOM.N) on Monday floated a proposal for a public-private carbon storage project that would collect planet-warming carbon dioxide emissions from U.S. petrochemical plants and bury them in deep under the Gulf of Mexico. The plan would require “$100 billion or more” from companies and government agencies to store 50 million metric tons of CO2 … Read more Exxon floats $100 bln carbon storage project requiring public, private financing

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OPEC+ Mulls Downgrading Next Week’s Meet to Monitoring Session

Apr 19, 2021 (Bloomberg) OPEC and its allies are discussing downgrading next week’s full-scale ministerial meeting, delegates said, a signal the coalition may stick with plans to gradually revive oil production. The OPEC+ coalition led by Saudi Arabia and Russia may go ahead with just the meeting of its monitoring committee on April 28, rather than … Read more OPEC+ Mulls Downgrading Next Week’s Meet to Monitoring Session

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Oil Marks Anniversary of Crash Below Zero With Rise Toward $64

Apr 20, 2021 (Bloomberg) Oil rose toward $64 a barrel, a year to the day after futures for the U.S. benchmark collapsed below zero, with the world’s most important commodity extending its rally on bets for better demand. West Texas Intermediate advanced 0.5%, after production in Libya fell below 1 million barrels a day amid a budget dispute. … Read more Oil Marks Anniversary of Crash Below Zero With Rise Toward $64

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DTE Energy begins operating three new wind parks, two of which are now the largest in Michigan

Wind Turbines

April 20, 2021  Detroit, April 20, 2021 (GLOBE NEWSWIRE) DTE’s 18 wind parks and 31 solar farms will generate more than 1,760 megawatts of clean energy, enough to power 670,000 homes Mid-Michigan’s Isabella l and Isabella ll are state’s largest wind parks  New wind parks will source clean energy commitments to DTE’s MIGreenPower program DTE … Read more DTE Energy begins operating three new wind parks, two of which are now the largest in Michigan

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Stabilis Solutions Pre-Announces Record Quarterly Revenue and LNG Deliveries

The Company’s anticipated first quarter 2021 revenue in the range of $17.5 million to $17.8 million is the highest quarterly revenue in company history April 20, 2021  Houston, TX, April 20, 2021 (GLOBE NEWSWIRE) — Stabilis Solutions, Inc., (“Stabilis” or the “Company”) (OTCQX: SLNG) a leading provider of energy transition services including hydrogen and liquefied natural … Read more Stabilis Solutions Pre-Announces Record Quarterly Revenue and LNG Deliveries

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Biden Administration Rushes Jobs Reassurance Along With His 50% Emissions Cut

Apr 19, 2021 (Bloomberg) As President Joe Biden unveils an ambitious target this week to cut the nation’s climate-warming emissions, his administration is also taking steps to refute critics who say it’ll put large numbers of American jobs at risk. Administration officials such as White House climate adviser Gina McCarthy and Energy Secretary Jennifer Granholm scheduled … Read more Biden Administration Rushes Jobs Reassurance Along With His 50% Emissions Cut

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A Digital Twin is More than Just a Clone – Geoffrey Cann

By Geoffrey Cann A digital twin of an operating facility is more than just a clone. It’s a unique and valuable asset in its own right. Genetic Material for a Digital Twin Several years ago, a large liquefied natural gas (LNG) project in Australia (at the time one of the top 10 largest oil and … Read more A Digital Twin is More than Just a Clone – Geoffrey Cann

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Biggest U.S. Gas Driller Calls for Tougher Emissions Curbs

Apr 15, 2021 (Bloomberg) EQT Corp. is calling for stricter caps on methane leaks from natural gas wells after the Trump administration relaxed the rules in a bid to boost the domestic energy industry.EQT, which pumps more gas than any other driller in the U.S., is supporting Congressional resolutions condemning last year’s rollback of Obama-era limits … Read more Biggest U.S. Gas Driller Calls for Tougher Emissions Curbs

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