A natural gas pipeline that would have connected producers in the Permian Basin with export and refinery markets in the Gulf Coast was halted as the fossil fuel industry struggles amid the COVID-19 pandemic. The pandemic led to several states and countries enacting travel bans and other business restrictions intended to slow the spread of […]Read More Permian natural gas pipeline on hold, market struggles amid COVID-19 | Current-Argus
The steep oil price drop in the spring caused a big dip in production, but the industry is back to more normal levels. North Dakota’s oil output soared 14% in August as more wells shut down earlier in the spring because of the coronavirus crisis came back online. “It is nice to note that we […]Read More North Dakota oil production swells as wells go back online | Star Tribune
Driving value from M&A in the shale revolution.
In March 2020, Deloitte developed this research report exploring the latest in shale oil news and shared a roadmap for extracting more value from shale mergers and acquisitions. We now expect that the plunge in oil prices and COVID-led demand uncertainty will likely pause and change the calculus of M&A activity in shales.
Bloomberg Market Specialist Zef Lokhandwalla contributed to this article. Background Oil markets have taken traders on a wild ride. Brent crude has more than doubled since its April low and has remained above $40 a barrel since mid-June. The question now for traders is: What’s the next move for oil? The supply-and-demand forecast does not […]Read More Finding the trend in volatile oil markets | Bloomberg Professional Services
If there was one thing the last oil price crisis proved, it was this: despite the devastation that low oil prices can wreak on an industry, they can also make oil and gas production more efficient for less money. If there is one thing this crisis is proving, it is that oil and gas companies […]Read More The Oil And Gas Industry Is Going Remote | OilPrice.com
(Reuters) – U.S. liquefied natural gas (LNG) companies made small steps to add export capacity this week, even as global energy demand destruction from the coronavirus pandemic has made it difficult for new projects to move forward. U.S. LNG exports were on track to rise for the first time in six months in August as […]Read More U.S. LNG firms take small steps to add export capacity despite coronavirus – Reuters
Texas Oil & Gas Association’s Virtual Energy Summit on July 21, 2020 is now available online. Oil Country Media tuned in live with over 1,000 participants to hear Texas Oil & Natural Gas industry leaders offer insight on the status of the industry. If you missed the live event, make sure to tune in and […]Read More TXOGA’s Virtual Energy Summit, Powering Forward | Now Online
WASHINGTON (DTN) — After trading in narrow ranges for most of the session, West Texas Intermediate crude futures on the New York Mercantile Exchange and Brent crude on the Intercontinental Exchange pushed higher late Monday afternoon, buoyed by a free fall in the U.S. dollar and prospects of a new massive stimulus bill set to […]Read More Crude Futures Range Bound; Demand Recovery Falters | By Liubov Georges , DTN Energy Reporter