Tag: business

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Is big oil serious about going low carbon? | Bloomberg Professional Services

Is big oil serious about going low carbon? BloombergNEF January 19, 2021 This analysis is from BlooombergNEF. It appeared first on the Bloomberg Terminal. Executive summary The global oil industry is facing pressure to decarbonize. Regulations and reputational risks have forced most oil majors to take action to reduce their own emissions, such as curbing […]

Read More Is big oil serious about going low carbon? | Bloomberg Professional Services
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US puts new oil and gas leases, permits on federal lands on hold for 60 days | S&P Global Platts

Houston — The US Interior Department on Jan. 20 put new oil and gas lease sales and permits on federal lands and waters on hold for 60 days, according to an order signed by Acting Secretary Scott de la Vega. The decision gives the Biden administration more time to develop its longer-term plans on oil and […]

Read More US puts new oil and gas leases, permits on federal lands on hold for 60 days | S&P Global Platts

Trump administration issues last-minute Arctic refuge drilling leases | Reuters

The Trump administration said on Tuesday it had issued drilling leases on more than 400,000 acres (160,000 hectares) of Alaska’s Arctic National Wildlife Refuge (ANWR), delivering on a promise to fossil-fuel proponents on President Donald Trump’s last full day in office. — Read on http://www.reuters.com/article/usa-trump-drilling/update-2-trump-administration-issues-last-minute-arctic-refuge-drilling-leases-idUSL1N2JU2R8

Read More Trump administration issues last-minute Arctic refuge drilling leases | Reuters
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Valaris 8500 and 8501 will be converted by SpaceX | RigLynx

Elon Musk’s SpaceX bought two deepwater rigs last year and is converting them into floating launchpads, to support the enormous Starship rockets that the company is developing.   The rigs are in the Port of Brownsville, near SpaceX’s Starship development facility in Boca Chica, Texas.   The rigs have been renamed Deimos and Phobos, presumably in […]

Read More Valaris 8500 and 8501 will be converted by SpaceX | RigLynx

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

The outlook for U.S. shale oil is slightly more “optimistic” due to rising prices and output will recover further in the second half of 2021, OPEC said on Thursday, in a sign its policy of cutting output is helping rivals pump more. — Read on http://www.reuters.com/article/us-oil-opec/opec-sees-u-s-shale-output-recovering-further-on-oil-rally-idUSKBN29J1L6

Read More OPEC sees U.S. shale output recovering further on oil rally | Reuters
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Oil companies lock in drilling, challenging Biden on climate | AP

BILLINGS, Mont. (AP) — In the closing months of the Trump administration, energy companies stockpiled enough drilling permits for western public lands to keep pumping oil for years and undercut President-elect Joe Biden’s plans to curb new drilling because of climate change, according to public records and industry analysts. An Associated Press analysis of government […]

Read More Oil companies lock in drilling, challenging Biden on climate | AP
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Permian Highway Pipeline now in service | KOSA

ODESSA, Texas (KOSA) – The Permian Highway Pipeline has begun full commercial in-service to start the new year. According to Kinger Morgan Inc., the pipeline began full service on January 1. It will deliver natural gas to Katy, Texas, with connections to markets along the Gulf Coast and in Mexico. The pipeline aims to help […]

Read More Permian Highway Pipeline now in service | KOSA
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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

Oil edges higher, but posts 20% annual drop in tumultuous 2020 | Reuters

Global crude prices edged higher on Thursday but lost more than a fifth of their value in 2020, as lockdowns to combat the novel coronavirus depressed economic activity and sent oil markets reeling. — Read on http://www.reuters.com/article/us-global-oil/oil-edges-higher-but-posts-20-annual-drop-in-tumultuous-2020-idUSKBN295044

Read More Oil edges higher, but posts 20% annual drop in tumultuous 2020 | Reuters
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Fossil, Renewable Energy Advocates Alike Applaud Passing of $2.3T Spending Bill – Natural Gas Intelligence

Proponents of the natural gas, oil and renewable energy sectors all found something to like about a $2.3 trillion omnibus spending and coronavirus relief package passed late Monday by the House and Senate. The American Petroleum Institute (API) praised legislators for including several provisions from Sen. Lisa Murkowski’s (R-AK) American Energy Innovation Act, including parts […]

Read More Fossil, Renewable Energy Advocates Alike Applaud Passing of $2.3T Spending Bill – Natural Gas Intelligence