The Latest
Public Capital
Woodside, Santos Investors Reject Oil and Gas Wind-up Resolution
Almost one-fifth of votes cast ahead of Woodside Petroleum’s annual meeting and 13% of votes of Santos were in favor of the resolution proposed by shareholder activist group pushing the company to get out of oil and gas.
Legislation
Mexico’s Lower House Approves Contentious Oil Legislation
The initiative is part of President Andres Manuel Lopez Obrador’s efforts to strengthen state influence over the energy market at the expense of private capital.
Crude Oil
Oil Prices Hit One-month High as IEA, OPEC Raise Forecasts
Supply discipline and rebounding economies are set to give oil a chance to break out of the recent range, Goldman Sachs analysts said in a report.
Emissions
Can the World Reach Net-Zero Emissions by 2050?
The road to net zero will require closing technology gaps, collaboration, policy and realism among other steps, energy experts say.
Business
Oil and Gas Investor Energy Policy: Biden Policies Bring New Risks and Uncertainty
Over the past few weeks, we have seen a substantial shift in public policy in the U.S. that will have significant implications for the domestic oil and gas industry.
Exploration & Production
Bipartisan Senate Bill Would Direct Billions to Plugging Wells
Amount is nearly the level in President Biden’s infrastructure plan.
Exploration & Production
US Appeals Court Affirms Arctic, Atlantic Leasing Bans
The 9th Circuit Court of Appeals said President Joe Biden’s reinstatement of Obama-era protections makes moot the previous administration’s attempts to allow oil development there.
Public Capital
Chesapeake Launches ‘Responsibly Sourced’ Shale Gas Pilot with Project Canary
The initial agreement for the responsibly sourced natural gas partnership between Chesapeake and Project Canary includes select wellpads in northeast Pennsylvania and northwest Louisiana.
Crude Oil
OPEC Raises Oil Demand Growth Forecast on Hope Pandemic Wanes
The upward revision marks a change of tone from previous months, in which OPEC has lowered oil demand forecasts because of continued lockdowns.
Emissions
Total Partners with Siemens Energy to Reduce LNG Related Emissions
Total and Siemens Energy signed a technical collaboration agreement on April 13 to study sustainable solutions for CO2 emissions reduction.