The Latest

International

Newspaper: Germany Offered to Build LNG Terminals to Avert US Sanctions

German finance minister made the offer in early August, before the sanctions were imposed.

September 16, 2020

Methane

Dräger Safety Invests in Kuva Systems for Methane Monitoring Solution

Dräger Safety AG & Co. KGaA on Sept. 15 said that after an initial investment in the company in 2018, it has now made a follow-on equity investment in Kuva Systems.

September 16, 2020

Crude Oil

Oil Prices Jump Above $41 As Hurricane Sally Hits US Output

Oil prices gained ahead of Hurricane Sally's expected landfall on the U.S. Gulf Coast. Brent crude futures gained 92 cents, or 2.3%, to settle at $40.53/bbl, while WTI crude rose $1.02, or 2.7%, to settle at $38.28/bbl.

September 16, 2020

Infrastructure

Pennsylvania Orders Sunoco to Reroute Section of Mariner East 2

NGL pipe’s spill could its upgrade.

September 15, 2020

Business

Bottom Line: Oil and Gas Companies Need Top-down Diversity Plans

Downturns can be even more costly when the price paid is a less diverse workforce, say GasTech panelists.

September 15, 2020

Crude Oil

Oil Industry Paints Grimmer Picture of Pandemic’s Harm to Demand

OPEC cut its outlook for demand in 2020, saying world oil demand would fall by 9.46 million bbl/d this year, an increase of 400,000 bbl/d from its previous report.

September 15, 2020

Exploration & Production

OPEC+ Meeting Unlikely to Advocate Deeper Oil Production Cuts, Sources Say

Five OPEC+ sources said a virtual meeting on Sept. 17, known as the joint ministerial monitoring committee, was also unlikely to recommend changing oil output targets despite Brent prices falling.

September 14, 2020

Methane

California, 19 Other States, Sue Trump Admin for Weakening Methane Rules

The lawsuit targets two policy amendments announced by the Environmental Protection Agency in August that roll back methane emissions curbs on the oil and gas industry and weaken requirements for leak detection.

September 14, 2020

Petrochemicals

What’s Affecting Oil Prices This Week? (Sept. 14, 2020)

From Russia with...honesty—a surprisingly bearish outlook from Russian Energy Minister Alexander Novak provided evidence of cohesion in the extended OPEC+ agreement on oil production cuts.

September 14, 2020

Exports

Ukraine: US Company Refuses to Cooperate over LNG Supply Deal

Louisiana exporter says Ukraine lacks a ‘serious desire’ for a long-term contract.

September 14, 2020