Tag: american business

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Interior finalizes plan to open 80 percent of Alaska petroleum reserve to drilling|The Hill

The Trump administration on Monday finalized plans to open more than 80 percent of Alaska’s National Petroleum Reserve (NPRA) to oil drilling, pushing ahead over objections from environmentalists who have already challenged the plans in court.  The decision from the Bureau of Land Management (BLM) opens more than 18 million acres to oil and gas […]

Read More Interior finalizes plan to open 80 percent of Alaska petroleum reserve to drilling|The Hill
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The Best-Performing Energy Companies Of 2020 | Forbes

It was a brutal year in the energy sector in 2020, but there were a few bright spots. Robert Rapier In 2020, the energy sector got hit with the triple-whammy of a price war between Saudi Arabia and Russia, demand destruction as a result of the Covid-19 pandemic, and perceptions that oil is about to […]

Read More The Best-Performing Energy Companies Of 2020 | Forbes
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Shale oil slump burns private equity interest – Argus

Private equity (PE) investors are accelerating a shift away from the US shale oil sector amid diminishing returns caused by the Covid-19 pandemic. Over the past decade, private equity firms have poured tens of billions of dollars into the US oil and gas industry, especially as the shale revolution gained full steam. Their funding helped […]

Read More Shale oil slump burns private equity interest – Argus
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Noble’s midstream division finishes integration with Chevron – Greeley Tribune

HOUSTON and SAN RAMON, California — The arm of Noble Energy that manages transporting oil and gas from the well to the refinery says it has been fully integrated with Chevron Corp. (NYSE: CVX) after the oil giant closed its $5 billion acquisition of Weld County’s second-largest producer. Noble Midstream Partners LP (Nasdaq: NBLX) said […]

Read More Noble’s midstream division finishes integration with Chevron – Greeley Tribune
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Trump’s Campaign Website Compromised & Hacker Demands Cryptocurrency Ransom

It has been reported and confirmed that hackers compromised Trump’s campaign website, Tuesday evening. A message appeared on the campaign website stating, “this site is seized” and continued to read that “the world has had enough of the fake news spread daily” by President Trump and his administration. The statement demanded payment of cryptocurrency to […]

Read More Trump’s Campaign Website Compromised & Hacker Demands Cryptocurrency Ransom
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Biden: ‘I would transition from the oil industry’ | TheHill

Democratic presidential nominee Joe Biden pledged to transition away from fossil fuels Thursday night while defending a climate plan that does not ban fracking. Biden has faced repeated attacks on fracking from President Trump as focus increasingly shifts to Pennsylvania, a crucial battleground state where the drilling method is used.  Biden’s climate plan does not […]

Read More Biden: ‘I would transition from the oil industry’ | TheHill
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Trump extends Florida offshore drilling pause, expands it to Georgia, South Carolina | TheHill

President Trump on Tuesday moved to block oil and gas drilling off the coasts of Florida, Georgia and South Carolina until mid-2032, a decade longer than drilling is currently delayed off Florida’s Gulf Coast.  “I will sign a presidential order extending the moratorium on offshore drilling on Florida’s Gulf Coast and expanding it to Florida’s Atlantic […]

Read More Trump extends Florida offshore drilling pause, expands it to Georgia, South Carolina | TheHill
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U.S. oil production rose to 10.4 million bpd in June: EIA – Reuters

NEW YORK (Reuters) – U.S. oil production rose in June, but did not fully recover from a dramatic plunge in May, according to a government report on Monday. U.S. oil output rose 420,000 barrels per day in June to 10.436 million barrels a day, the U.S. Energy Information Administration said in a monthly report on […]

Read More U.S. oil production rose to 10.4 million bpd in June: EIA – Reuters

Offshore oil and gas production is crimped by Gulf storms | AP News

Offshore oil and gas production is crimped by Gulf storms By DAVID KOENIG August 23, 2020 Oil and gas production in the Gulf of Mexico was slowed Sunday by the approach of two storms that led companies to remove workers from more than 100 offshore platforms. The Interior Department said that based on company reports […]

Read More Offshore oil and gas production is crimped by Gulf storms | AP News
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The Oil And Gas Industry Is Going Remote | OilPrice.com

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