API and other oil and gas organizations express concern over possible economic and environmental damage caused by Biden’s latest batch of executive orders.
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SubscribeThe decline was the result of a sharp falloff in imports and a 2.3 million-barrel drawdown in oil stockpiles at the Cushing delivery hub for crude futures in Oklahoma.
Quality specifications will be consistent with WTI crude oil originating from the Permian Basin, with delivery capabilities at either Magellan's East Houston terminal or Enterprise's ECHO terminal.
Oil prices have rallied to an 11-month high this month, helped by a Jan. 5 decision by most members of OPEC+ to hold production steady in February and a pledge by Saudi Arabia to voluntarily cut output.
The emergence of new strains of the virus, renewed lockdowns in China and logistical hurdles facing vaccine roll-outs contributed to the gloomier oil demand outlook by the IEA.
The current SPAC boom is eerily similar to the shale boom, until 2016 when energy sponsors raised record funds in search of acquiring hydrocarbon assets following the successful traditional IPOs.
Effective Jan. 19, Ring Energy’s corporate headquarters will be located in The Woodlands, Texas. Additionally, the Permian operator closed its Andrews, Texas field office, downsized its Midland office and plans to close its Tulsa, Okla. office.
California Resources eliminated leadership positions in the areas of public affairs, exploration and development, investor relations and finance as part of a functional realignment by the company to cut costs.
Two New York City pension funds voted to divest their portfolios of some $4 billion worth of fossil fuel company securities, Mayor Bill de Blasio, Comptroller Scott Stringer, and fund trustees said.
Testing is in final stages for a new impact drilling system that Houston-based Particle Drilling Technologies says will help unlock currently inaccessible reservoirs of oil and gas.
Forum Energy Technologies has completed manufacturing a highly advanced submarine rescue vehicle (SRV) on Jan. 26 including cutting edge technologies, which may be utilized to extract submariners from distress situations.
Worley has been awarded four master services agreements by subsidiaries of Cheniere Energy Inc. on Jan. 22 to provide engineering, procurement, construction and construction management services to Cheniere’s U.S. Gulf Coast-based LNG facilities.
Caterpillar Inc. has been awarded the U.S. Environmental Protection Agency's (EPA) Clean Air Excellence Award on Jan. 22 in the category of Clean Air Technology for the Cat 3512E Tier 4 DGB engine.
Spacing is a key piece of the puzzle for oil and gas companies looking to boost free cash flow.
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 Jan.14, in a sign its policy of cutting output is helping rivals pump more.
The latest oil find by Total and partner Apache follows discoveries at Maka Central, Sapakara West and Kwaskwasi.
With new pipelines online or under construction, Permian Basin operators, regulators and other industry players keep flaring reduction on the agenda.
As part of its acquisition of Tall Oak III, Tailwater Capital said it will merge the company’s assets with Tailwater’s existing portfolio company in the Midcontinent region, Connect Midstream, with the Tall Oak team assuming operatorship.
DNV GL has acquired U.S. based engineering consultancy Energy and Resource Solutions Inc. (ERS) on Jan. 26, which helps organizations to manage and reduce energy costs through program design, outreach, implementation and evaluation services.
Cimarex Energy Co. is considering the sale of certain Midcontinent oil and gas properties and related infrastructure in Oklahoma and Texas and has engaged Meagher Energy Advisors Inc. as its exclusive financial and technical adviser.
The acquisition of Ubitricity marks Shell's expansion into the fast-growing on-street EV charging market and will provide critical competencies, helping Shell to scale its overall EV charging offer, the company said in a statement.
API and other oil and gas organizations express concern over possible economic and environmental damage caused by Biden’s latest batch of executive orders.
The new president’s impact will likely be more on the micro than the macro level.
Move reflects political divisions over global warming.
Soon after his inauguration, U.S. President Joe Biden signed executive actions that included formally revoking the permit needed to build the Keystone XL oil pipeline and rejoining the Paris Agreement on climate change.
Regulatory delays on Appalachian natural gas pipe have cast doubt on its in-service date.
The decision raises the possibility that Energy Transfer's Dakota Access Pipeline (DAPL) could be shut down, depending on the status of the environmental review.
First cargo of liquefied hydrogen to ship from Australia to Japan this spring.
Indonesia says that oil spilled during the transfer.