The Latest

Emissions

Canada Unveils Greenhouse Gas Reduction Credits to Boost Carbon Trading Market

The new Federal GHG Offset System is designed to support a domestic carbon trading market.

March 5, 2021

Exploration & Production

Saudi Oil Minister: ‘Drill, Baby, Drill’ Gone Forever for US Shale

Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, took aim at U.S. shale producers following the OPEC+ meeting on March 4, saying: “‘Drill, baby, drill’ is gone forever.”

March 5, 2021

International

Canada Looking at All Options to Keep Line 5 Pipeline Operating

Deadline for shutdown order from the state of Michigan is approaching.

March 5, 2021

Crude Oil

Trafigura: US Hub Can Help Brent Crude Reform

Plan would allow Platts to include US crude in its benchmark.

March 5, 2021

Exploration & Production

Neptune Energy, EDF Partner to Pilot Novel Method to Measure Offshore Methane Emissions

Plans are to deploy drone, aircraft and methane sensing technologies on the Neptune-operated Cygnus platform in the UK Southern North Sea.

March 5, 2021

Crude Oil

Oil Prices Soar to Near 14-month High as OPEC+ Extends Output Cuts

Both Brent and WTI contracts surged more than 4% on March 5 after OPEC and allies, together called OPEC+, extended oil output cuts into April, granting small exemptions to Russia and Kazakhstan.

March 5, 2021

Business

TIPRO Says Texans for Natural Gas to Join Trade Group’s Education, Advocacy Platform

The integration of Texans for Natural Gas (TNG) into TIPRO’s education and advocacy platform will create the most comprehensive statewide oil and natural gas campaign in Texas, the trade association said.

March 4, 2021

Health, Safety & Environment

Biden Climate Adviser: Trump’s Deregulation Efforts Failed

Gina McCarthy, former EPA chief, also dismisses the assumption that Biden’s climate plan must come at the cost of a vibrant energy sector.

March 4, 2021

Exploration & Production

Shale Leaders See US Reverting to Net Importer of Crude

The heads of U.S. shale giants ConocoPhillips and Pioneer Natural Resources addressed policy changes made by the Biden administration, including a possibly fracking ban, and their effect on the oil sector’s recovery.

March 4, 2021

Exploration & Production

Oil Production in Permian Basin Could Fall Due to Biden’s Policies: Dallas Fed Report

The Dallas Fed report also cautioned that oil refineries and chemical facilities on the Gulf Coast would need to adapt to losing barrels from the Permian Basin due to possible policy changes on federal lands made by Biden.

March 4, 2021