ICE exchange, home of Brent oil futures trading, has put pressure on pricing agency Platts to postpone its physical Brent market reform, saying the market needs more time to consult and adjust the value of derivatives in line with the […]
New Delhi: India and China led the recovery in Liquified Natural Gas (LNG) demand following the outbreak of the Covid-19 pandemic, according to Royal Dutch Shell’s annual LNG Outlook published today. The company said in a statement that India increased imports by […]
Colossal fossil ExxonMobil has dropped virtually all its tar sands/oil sands holdings from its list of recoverable assets, and its Canadian subsidiary Imperial Oil followed suit by cutting a billion barrels of bitumen from its […]
Singapore — 0549 GMT: Crude oil futures were lower during midafternoon trade in Asia Feb. 26 as a risk-off sentiment in equities markets added downward pressure to oil prices, further hurt by rising bond yields pushing […]
International oil companies (IOCs) are primed for a V-shaped recovery in free cash flow and may generate record figures this year if oil prices average $55 a barrel. That’s according to analysis from global natural […]
During the cold snap that affected much of the central part of the country, U.S. dry natural gas production fell to as low as 69.7 billion cubic feet per day (Bcf/d) on February 17, a […]
Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced its fourth quarter and full-year 2020 financial and operating results, along with its 2021 capital budget and projected 2021 production. 2020 FOURTH QUARTER AND FULL-YEAR […]
The power supply shortages that slammed Texas last week drove spot electricity prices sky-high for some locally owned utilities, with one town on the hook for more than $200 million and other municipalities anxiously awaiting […]
Africa’s largest crude producer will tap the services of the military to protect its oil and gas infrastructure in a bid to curb daily losses from theft and vandalism. Nigeria is losing about 200,000 barrels […]
Expanding its significant clean-energy portfolio, Duke Energy has begun construction on the 50-MW Broad River Solar power plant in Cleveland County, N.C. The project will be owned and operated by Duke Energy Renewables, a commercial […]
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