Energy News Beat Publishers Note: DRW has the #Technical Tuesday right on the money. There are some great nuggets in this article. “The magnitude of shareholder value destruction at Ovintiv demands a sense of urgency […]
Markets price in larger stimulus amid changing administration and bank earnings coming in higher than expected. The Dow Jones Industrial Average rose 150 points, or 0.5%. The S&P 500 gained 0.7%, led by communication services, […]
ADNOC Group has merged its downstream unit with its trading arm, creating the Downstream Industry, Marketing & Trading Directorate. When revealing the news, ADNOC said that the new unit would be “a critical enabler of […]
The share of gross gas output that is flared at the wellhead in the US’ prolific Permian Basin has plummeted to a modern Shale-era record low, a Rystad Energy report shows, with an analysis of preliminary data […]
Halliburton has announced that it has delivered the first electric grid-powered fracturing operation in the Permian basin as the industry explores different ways to reduce carbon emissions. Since November, the company has performed the work […]
Many nations that intend to become self-sufficient with regard to their hydrocarbon needs oftentimes lowball the terms and conditions they offer to prospective investors. This is fairly logical, high-risk spots must be attractive enough and […]
CAPP attributed the expected increase in investment to COVID-19 vaccines being rolled out globally, which will revive economic activity and energy demand, and government support for Canada’s oil and gas sector Alberta, – Capital investment in Canada‘s upstream […]
ENB Publishers Note: Do we see $54? Two touches, but no continuation move through. If we can get a bullish rig report, look out for a a break of that resistance line. New York — Crude […]
Paris, January 14, 2021 – Total and Apache Corporation have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous discoveries at […]
Chevron Chief Executive Mike Wirth is doubling down on oil. The boss of the $180 billion U.S. fossil fuel firm told Reuters on Tuesday that he was a fan of the 2015 Paris Agreement to […]
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