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Home2021May

Month: May 2021

Oil set for 20% drop in 2020 as lockdowns weigh, market eyes more stimulus -EnergyNewsBeat
Crude Oil News

Economics continue to improve in US shale basins but operators hold steady

May 21, 2021 Stu Turley

Denver — Despite ever-improving returns across nearly all US shale fields, publicly traded companies continue to demonstrate restraint in drilling and completion activity with production forecasts showing dips next month in every major basin but the […]

Midstream

Oasis Midstream Partners LP Comments on Oasis Petroleum’s Recently Announced Permian Divestiture and Williston Acquisition

May 21, 2021 Stu Turley

HOUSTON, May 20, 2021 /PRNewswire/ — Oasis Midstream Partners LP (Nasdaq: OMP) (“OMP” or the “Partnership”) today commented on Oasis Petroleum’s recently announced Permian divestiture and Williston acquisition. Highlights Oasis Petroleum Inc. (NASDAQ: OAS) announced it entered into a series […]

ENB Pub Note

Biden tax plan hurts competitiveness of U.S. multinational firms – and consumers and the poor will pay the price

May 21, 2021 Stu Turley

Energy News Beat Publishers Note (ENB): While this article from Daniel Mitchel, Chairman of the Center for Freedom and Prosperity, does not specifically talk about the energy market, the article covers U.S. tax policies impacting […]

Cimarex - Energy News Beat
Fossil

Cimarex Selling Some Midcontinent Assets to BCE-Mach III, but Region ‘Sustaining’ Part of Portfolio

May 21, 2021 Stu Turley

U.S. independent Cimarex Energy Co. has agreed to sell some of its Midcontinent properties, including a pair of natural gas gathering and processing facilities, to privately held BCE-Mach III LLC for an undisclosed amount. Under […]

Commodities

Iran Readies Export Hike Amid Optimism in Vienna

May 20, 2021 Stu Turley

Iran is preparing to hike its oil exports to “maximum capacity” in the coming months, according to two Iranian oil sources. The move comes amid indications that negotiations between Washington and Iran in Vienna could […]

LNG King of LNG undercuts rivals to keep world domination
Commodities

King of LNG Undercuts Rivals to Keep Dominating World Market

May 20, 2021 Stu Turley

The world’s top exporter of liquefied natural gas is ramping up production dramatically and undercutting competitors in a bid to squeeze them out of the market. Qatar is dropping prices and pushing ahead with a $29 […]

Crude oil and Money -EnergyNewsBeat.com
Finance

Banks Always Backed Fossil Fuel Over Green Projects—Until This Year

May 20, 2021 Stu Turley

n more than five years since the world agreed to limit warming temperatures, banks have poured more than $3.6 trillion into fossil fuel—almost three times more than total bonds and loans backing green projects, according […]

Rystad Energy - EnergyNewsBeat
Crude Oil News

Permian oil output set to grow in Q2 as fracking reaches 12-month high; flaring lowest since 2017

May 20, 2021 Stu Turley

Fracking in North America has almost recovered to pre-pandemic levels, with the count of started frac jobs reaching a 12-month high in March 2021, a Rystad Energy report shows. The number of completed wells in […]

IEA Stock Release And Opec+ Modest Increase Fail To Halt Oil/Gas Price Rally
Commodities

February 2021 drop in U.S. ethane demand was largest monthly decline on record

May 20, 2021 Andy Del Prado

In February 2021, extremely cold winter weather in the Gulf Coast region resulted in outages at most petrochemical plants in the area, causing the largest monthly decline in demand for ethane feedstock on record. Ethane […]

No Picture
EIA News

Natural gas combined-cycle plant use varies by region and age

May 20, 2021

In recent years, U.S. natural gas combined-cycle (NGCC) electric generating capacity has increased as a result of relatively low natural gas prices and improved thermal efficiency and economies of scale from advances in turbine design. […]

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