Emily
Patsy
HartEnergy.com
PATH FORWARD: Energy Transition Deep Dive with the ‘Big 4’—Deloitte, EY, KPMG, PwC
Leaders from the “Big Four” accounting firms—Deloitte, EY, KPMG and PwC—joined Hart Energy to discuss the energy transition and the different approaches to ESG within the oil and gas industry.
What’s Affecting Oil Prices This Week? (Sept. 21, 2020)
The first cut is the deepest…or not? OPEC+ will likely need to add oil output cuts soon, Stratas Advisors says in its latest oil price forecast.
Saudi Arabia Chafes at ‘False Promises’ on Oil Cuts from OPEC Partners
Moves to flout deal terms on oil cuts damage reputation of OPEC+, Saudi Arabia’s energy minister says.
IEA: Except for China, Oil Demand Recovery Slow for Rest of 2020
China’s COVID recovery has pushed its economy but the rest of the world lags.
The Latest
Crude Oil
Iran’s Oil Exports Jump in September Defying US Sanctions
Exports have shrunk from over 2.5 million bbl/d since the U.S. withdrew from a nuclear deal with Iran and reimposed sanctions in 2018. Still, Iran has been working to get around the measures and keep exports flowing.
September 25, 2020
Public Capital
ConocoPhillips Sees Global Oil Demand Returning
The view stands in contrast to that of rival BP Plc, which sees the coronavirus pandemic leaving a lasting effect on global energy demand, though ConocoPhillips still expects "quite a bit of uncertainty next year."
September 25, 2020
Unconventional
Analyst: More Rigs Needed to Avoid Appalachian Gas Production Declines
With Appalachia producers in maintenance mode, analysts described Permian Basin associated gas production as ‘resilient.’
September 24, 2020
Investment
Max Midstream to Develop New US Crude Export Hub Following Acquisition from Oaktree
The revitalized terminal is not only expected to connect the Port of Calhoun to both the Eagle Ford and Permian basins but also create more than 1,000 jobs in the Lone Star State, Max Midstream President Todd Edwards says.
September 24, 2020
Natural Gas liquids (NGL)
Midstream Projects Update: Is 2020 Over Yet?
On the Gulf Coast, storage facilities and pipelines are moving forward. Elsewhere, COVID-19 and the courts are causing headaches.
September 24, 2020
Business
Oil-trading Bribery Probe Widens with new US Charges, Guilty Pleas
Authorities in the United States and Brazil are investigating improper payments to officials at Petrobras, Brazil's state-run oil company, as part of Brazil's far-reaching corruption probe, known as Car Wash.
September 24, 2020
Business
Will US Oil Production Ever Hit 13 Million Barrels Per Day Again?
Analysts discuss the outlook for the U.S. shale sector as it recovers from the latest downturn, awaiting higher global demand.
September 23, 2020
Markets
California Plans Ban on Sale of New Gasoline-powered Passenger Vehicles
In a statement, White House spokesman Judd Deere called the move by California "alarming" and said it would destroy jobs and raises consumer costs.
September 23, 2020
Business
Dallas Fed Survey: US Oil Production Has Peaked, Executives Say
Survey results said 66% of 154 oil and gas firm executives contacted by the Dallas Fed this month believe U.S. crude oil production has peaked. The survey includes executives from Texas, Louisiana and New Mexico.
September 23, 2020
Petrochemicals
US Oil Inventories Fall across the Board Last Week
Crude oil production slipped to 10.7 million bbl/d, down in part due to storm activity that closed offshore drilling sites in the U.S. Gulf of Mexico.
September 23, 2020