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WTI-Brent spread narrows as oil market tightens | Reuters

The price gap between the world’s two most actively traded oil contracts narrowed to its lowest in more than seven months, demonstrating that U.S. oil output is still in the COVID-19 doldrums with the market likely to remain undersupplied. — Read on http://www.reuters.com/business/energy/wti-brent-spread-narrows-oil-market-tightens-2021-06-21/

Read More WTI-Brent spread narrows as oil market tightens | Reuters
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Meet The Bronx-Born Billionaire Exporting America’s Shale Gas Bonanza | Forbes

How Michael S. Smith salvaged a wrong-way bet on fracking by building a $14 billion plant in Texas to ship gas around the globe. Christopher HelmanJun 11, 2021, Shale Gas Billionaire: Michael Smith at his massive LNG operation on Quintana Island, Texas, which is now shipping out more than 2% of the United States’ natural-gas […]

Read More Meet The Bronx-Born Billionaire Exporting America’s Shale Gas Bonanza | Forbes
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Lawmakers roll out legislation to defend pipelines against cyber threats | TheHill

A bipartisan group of more than a dozen House lawmakers have reintroduced legislation to defend pipelines against cyberattacks, with the bill coming on the heels of the devastating ransomware attack that forced the shutdown of Colonial Pipeline. The Pipeline Security Act would codify the responsibility of both the Transportation Security Administration (TSA) and the Cybersecurity and […]

Read More Lawmakers roll out legislation to defend pipelines against cyber threats | TheHill
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US EPA expands emergency fuel waiver to 12 states affected by Colonial Pipeline shutdown | S&P Global Platts

The US Environmental Protection Agency late May 11 expanded an emergency fuel waiver allowing 12 states and the District of Columbia to sell off-spec gasoline through the end of the month to alleviate shortages caused by the Colonial Pipeline shutdown. An order issued earlier in the day only lasted a week and covered three states […]

Read More US EPA expands emergency fuel waiver to 12 states affected by Colonial Pipeline shutdown | S&P Global Platts
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U.S. oil companies launch on-site vaccinations as supplies rise | Reuters

U.S. energy companies are organizing employee vaccinations as more COVID-19 doses become available, officials and employees told Reuters, setting up on-site clinics or offering time off to workers to get the shot. — Read on http://www.reuters.com/article/health-coronavirus-corporate-jabs/u-s-oil-companies-launch-on-site-vaccinations-as-supplies-rise-idUSL4N2LL3NL

Read More U.S. oil companies launch on-site vaccinations as supplies rise | Reuters
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Oil industry gets greener as U.S. policy shifts to climate change | CNBC

The greening of the American oil industry has gone into overdrive. Dan Yergin, IHS Markit vice chairman, said it’s an important turning point for the fossil fuel sector, which has been anticipating big changes with President Joe Biden’s climate-focused, clean energy policies. “The oil and gas industry is calibrating itself to what has become the […]

Read More Oil industry gets greener as U.S. policy shifts to climate change | CNBC

Judge delays hearing on permit for Dakota Access pipeline

FARGO, N.D. (AP) — A federal judge on Tuesday agreed to push back a hearing about whether the Dakota Access oil pipeline should be allowed to continue operating without a key permit while the U.S…. — Read on apnews.com/article/donald-trump-technology-dakota-access-pipeline-c43ce45370da624addda5ad21b24b1f6

Read More Judge delays hearing on permit for Dakota Access pipeline
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U.S. shale ponders the unexpected: what to do with coming cash windfall? | Reuters

HOUSTON (Reuters) – A sustained rise in global oil prices has U.S. shale producers pondering something few expected to be considering after last year’s tumble: how to allocate rising cash flows among new production, dividends and stock buybacks. U.S. shale producers will generate about $73.6 billion in cash from operations this year, up nearly a […]

Read More U.S. shale ponders the unexpected: what to do with coming cash windfall? | Reuters
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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