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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
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2 Million Texas Households Without Power As Massive Winter Storm Drives Demand For Electricity – Houston Public Media

The state’s electric grid operator lost control of the power supply Monday morning as 2 million Texas households didn’t have heat or other electric appliances working at home as a massive winter storm delivered freezing temperatures across the state.

Read More 2 Million Texas Households Without Power As Massive Winter Storm Drives Demand For Electricity – Houston Public Media

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

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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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