The Latest

Crude Oil

Magellan, Enterprise to Develop Houston Crude Oil Futures Contract

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.

January 22, 2021

Public Capital

New Fortress Bets on Brazil’s LNG Growth with $5 Billion Worth of Deals

U.S.-based New Fortress Energy Inc. said on Jan. 13 it would buy natural gas company Hygo Energy Transition Ltd. and its controlling company Golar LNG Partners LP, expanding its presence in Brazil.

January 20, 2021

Crude Oil

OPEC ‘Cautiously Optimistic’ Oil Market Will Recover in 2021

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.

January 19, 2021

Crude Oil

IEA Cuts Oil Demand Outlook Due to COVID-19 Resurgence

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.

January 19, 2021

Business

PATH FORWARD: KPMG’s New US Head of Energy Angie Gildea on Navigating 2021

Angie Gildea, who was recently named the U.S. national sector lead for KPMG’s energy business, sat down with Hart Energy’s Jessica Morales to talk about key areas the oil and gas industry should focus on in the year ahead.

January 19, 2021

Unconventional

OPEC Sees US Shale Output Recovering Further on Oil Rally

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.

January 15, 2021

Liquefied Natural Gas (LNG)

Tellurian Aims for Louisiana LNG Construction Start This Summer

Driftwood will help meet soaring demand for LNG, says co-founder Souki.

January 15, 2021

Liquefied Natural Gas (LNG)

Panama Canal LNG Vessel Bottleneck Could Last until March

Congestion delaying LNG shipments via the Panama Canal is expected to last through the peak demand winter months, traders close to the situation said on Jan. 14, although the canal’s regulator said it had made changes to speed up transit.

January 15, 2021

Business

US Shale Producers Lock in Future Sales as Oil Prices Hit One-year High

U.S. shale producers that are hedging are likely locking in about 15% to 20% of production at a time, said Tom Petrie, chairman at energy investment bank Petrie Partners.

January 15, 2021

Crude Oil

IEA: Oil Market Outlook Clouded by Vaccine Roll-Out Variables

Pace and response to vaccines add uncertainty to planning, says agency analyst.

January 13, 2021