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Home2021

Year: 2021

Crude Oil News

Exxon Makes Another Major Oil Discovery Offshore Guyana

July 28, 2021 Stu Turley

ExxonMobil and its partner Hess Corporation have made another significant crude oil discovery offshore Guyana, the U.S. supermajor said on Wednesday. The Whiptail discovery in the Stabroek Block adds to more than a dozen discoveries on the […]

Earnings

Oil Majors Are Primed For A Massive Earnings Season

July 28, 2021 Stu Turley

Earnings season is here with us once again, with a quarter of S&P 500 companies having reported second-quarter 2021 earnings. According to FactSet data, 88% of S&P 500 companies have reported a positive EPS surprise, while 86% have reported […]

U.S. coal exports
EIA News

Renewables became the second-most prevalent U.S. electricity source in 2020

July 28, 2021 Andy Del Prado

Source: U.S. Energy Information Administration (EIA), Monthly Energy Review Note: This graph shows electricity net generation in all sectors (electric power, industrial, commercial, and residential) and includes both utility-scale and small-scale (customer-sited, less than 1 megawatt) solar. In […]

Bitcoin-prices - ENB
CO2 & GHG

Bit late for bitcoin: How China’s crackdown is reducing more emissions than whole countries emit

July 28, 2021 Stu Turley

Mining bitcoin and other cryptocurrencies consumes vast amounts of energy. Increasing scrutiny over the environmental impact of this activity recently led the Chinese government to order a crackdown on projects around the country, and now […]

Total Gets Fastest Start on Clean Energy Among Europe Oil Majors - Energy News Beat
Electric Vehicles

TotalEnergies Acquires the Largest Electric Vehicle Charge Points Network

July 28, 2021 Stu Turley

Paris / Singapore, July 28 2021 – TotalEnergies has signed with Bolloré Group for the acquisition of ‘Blue Charge’. Upon the approval of the relevant authorities, TotalEnergies will manage and operate the largest electric vehicle charging […]

Rystad Energy - EnergyNewsBeat
Commodities

World’s recoverable oil now seen 9% slimmer; commercial volumes can keep global warming below 1.8˚C

July 28, 2021 Stu Turley

Every year and following the publication of the BP Statistical Review, Rystad Energy releases its own assessment to provide an independent, solid and clear comparison of how the world’s energy landscape changed last year. Our […]

LNG Cargo Prices Rising Faster Than Bitcoin - Energy News Beat
Commodities

U.S. liquefied natural gas exports grew to record highs in the first half of 2021

July 27, 2021 Andy Del Prado

U.S. exports of liquefied natural gas (LNG) continued to grow in the first six months of 2021, averaging 9.6 billion cubic feet per day (Bcf/d). This average marks an increase of 42%, or 2.8 Bcf/d, […]

Texas CEO tells Rigzone the Brent and D
Coal

What’s Missing from Oil Prices? – Jay Young, founder, and CEO of King Operating Corp Rigzone interview

July 27, 2021 Jay R. Young

The world’s two leading oil price benchmarks are omitting some important considerations, the head of a privately held Dallas-based oil and gas operator told Rigzone last week. “The recent Saudi Arabia and UAE deal kept the […]

Crude Oil News

Oil Slips With Spread of Delta Variant Crimping Demand Outlook

July 26, 2021 Stu Turley

Oil dipped as investors eyed the spreading delta variant’s impact on demand while cases surge. Futures in New York fell 0.2% on Monday after rallying the previous four sessions. Global cases of Covid-19 have increased […]

Finance

Pembina Terminates Agreement To Buy Inter Pipeline In All-Stock Deal

July 26, 2021 Stu Turley

Pembina Pipeline Corporation has terminated its previous agreement to buy Inter Pipeline in the latest twist in the biggest multi-billion fight over pipeline resources control in Canada since 2019. On Monday, Pembina Pipeline said it had terminated […]

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