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Home2021June

Month: June 2021

Oil - Tank Farm - Energynewsbeat.com
Commodities

Oil rally has more room to run, Brent expected to hit $80/bbl – Goldman

June 11, 2021 Stu Turley

U.S. investment bank Goldman Sachs expects Brent crude prices to reach $80 per barrel this summer, betting that a recent oil market rally will continue as vaccination rollouts boost global economic activity and demand for […]

Finance

Hellman & Friedman Completes Acquisition of Enverus

June 10, 2021 Stu Turley

Austin, TX (June 10, 2021) — Enverus, a global leader in energy data analytics and SaaS technology, today announced the completion of its acquisition by Hellman & Friedman (H&F), a premier global private equity firm. […]

Oil group OPEC+
Commodities

World’s largest oil trader says U.S. has left OPEC in control of global crude prices

June 10, 2021 Stu Turley

(Bloomberg) –OPEC+ appears in control of crude prices as U.S. production is lagging pre-pandemic levels, according to a senior executive at the world’s biggest independent oil trader, Vitol Group. The decline in U.S. drilling and […]

Dr. George Freidman - Geo Political Futures
ENB Podcast

Energy News Beat Podcast with Dr. George Friedman – Best Selling Author and an International Political Powerhouse

June 10, 2021 Stu Turley

This was the second interview that I was fortunate enough to have with Dr. Friedman. His knowledge, experience, and insights are truly unparalleled for a comprehensive view of the political world. Having an opinion is […]

No Picture
EIA News

Supply disruptions and rising demand boosted East Coast petroleum product imports in March

June 10, 2021

Imports of petroleum products–gasoline, distillate, and other products–into the East Coast region of the United States increased in March 2021. Rising imports resulted from lower domestic supply, higher demand, and higher domestic petroleum product prices […]

Electric Vehicles

G-7 Eyes Ambitious Shift to Electric Cars and Away From Oil

June 10, 2021 Tracey Woods

Group of Seven leaders are discussing ambitious plans to shift the balance of car buying away from gasoline to greener vehicles by the end of the decade, as part of a package of measures to […]

Crude Oil News

New CER report explores Canada’s oil and gas pipeline system

June 10, 2021 Stu Turley

Today, the Canada Energy Regulator (CER) released a report explaining the economics and market dynamics for the more than 73,000 kilometres of pipelines it regulates. The report, Canada’s Pipeline System 2021: Economics of CER-Regulated Infrastructure, provides […]

ENB Contributor Column

The spirit of Shell will rise to the challenge

June 10, 2021 Tracey Woods

How does Shell respond to a court ruling in The Hague to reduce its carbon emissions even faster than planned? In this article, I set out how I believe we should rise to the challenge. […]

Woodside Petroleum is in the final stages of working out costs on its Scarborough gas and Pluto LNG expansion project, as it faces rising labor and steel costs, the company’s boss said on Tuesday. The Scarborough development offshore Western Australia will feed an expansion of Woodside’s Pluto LNG (liquefied natural gas) plant, with the combined project previously estimated at $11.4 billion. Acting CEO Meg O’Neill, who took the reins in April, said the company is facing skyrocketing steel prices for a project where raw steel costs amount to 10% or 15% of total costs, and acknowledged that there is tight competition for workers amid a mining boom in Western Australia. At the same time, she said Woodside had been able to work out some cost savings in the project design with its contractors after putting it on hold last year, when oil and gas prices crashed amid the COVID-19 pandemic. “It’s probably too early to say, but there’s some cost pressures on the ledger, there’s some cost savings on the ledger and as soon as we have those updated bids from our contractors, we’ll be communicating with our shareholders,” O’Neill said at Credit Suisse’s 8th Australian energy conference. The Scarborough and Pluto LNG expansion project is the company’s only big growth option in the near term. Woodside is targeting a final investment decision with its partner BHP Group within the next six months. The Western Australian government said on Tuesday it had approved Woodside’s plan to cut emissions from the Pluto LNG project by 30% by 2030 and reach net zero by 2050, which the state’s environment minister said represented a sharp reduction in emissions from levels approved in 2007. The gas industry two years ago fought to block a proposal by the state’s environment regulator that would have required all new projects with carbon emissions of more than 100,000 tonnes to fully offset their emissions. Source - www.oedigital.com
Fossil

Woodside Faces Cost Increase at $11B Scarborough Gas Project

June 10, 2021 Stu Turley

Woodside Petroleum is in the final stages of working out costs on its Scarborough gas and Pluto LNG expansion project, as it faces rising labor and steel costs, the company’s boss said on Tuesday. The […]

3 gorges solar ipo - energynewsbeat
Finance

Renewables Giant Jumps in Debut After Biggest 2021 China IPO

June 10, 2021 Stu Turley

China Three Gorges Renewables Group Co. surged 44%, the daily limit, in its trading debut as investors sought to gain from the country’s push toward cleaner energy. The unit of China Three Gorges Corp. saw its shares climb […]

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