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HomeAuthorsClark Savage

Articles by Clark Savage

OPEC -Energy News Beat
Crude Oil News

Russia and Saudi Arabia still committed to OPEC+ deal

December 20, 2020 Clark Savage

OPEC+ will meet on 4 January to discuss market developments and determine production levels Russia and Saudi remain committed to the OPEC+ deal on production cuts, said Russian Deputy Prime Minister Alexander Novak, the nation’s […]

Doal
EIA News

The capacity of U.S. coal mines has fallen 28% since its 2009 peak

December 2, 2020 Clark Savage

The U.S. Energy Information Administration’s (EIA) latest Annual Coal Report (ACR) shows that U.S. coal mining productive capacity, or the maximum amount of coal that mines can produce in a year, totaled 1,009 million short […]

EIA News

U.S. distillate inventories have fallen back within the five-year range

December 1, 2020 Clark Savage

According to the U.S. Energy Information Administration’s Weekly Petroleum Status Report, for the week ending November 13, 2020, U.S. distillate inventories fell to 143 million barrels, back within its previous five-year (2015-19) range for the […]

Crude Oil News

Gulf Keystone announces successful completion of SH-12 workover at the Shaikan field

November 24, 2020 Clark Savage

Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq, has announced that the planned workover on the SH-12 well has been completed safely. Jón Ferrier, Gulf Keystone’s Chief Executive Officer, said: […]

Aruba-grapple-with-distressed-oil-assets-energynewsbeat
Crude Oil News

Curacao, Aruba grapple with distressed oil assets

November 23, 2020 Clark Savage

Bogota, 23 November (Argus) Curacao severed an oil storage contract with SPS Drilling E&P six weeks after it was signed, underscoring the challenge of monetizing Caribbean assets formerly run by Venezuela’s state-owned PdV. The 15 […]

Energy Storage

Australian utility AGL reveals latest big step towards 850MW of battery storage

November 23, 2020 Clark Savage

AGL said it has also lodged a Scoping Report – a necessary step in the process to get planning approval – for a 50MW battery facility at its Broken Hill solar farm in NSW (pictured). […]

Finance

BP agrees London headquarters sale and leaseback with Lifestyle Intl

November 23, 2020 Clark Savage

LONDON (Reuters) – BP BP.L has agreed to sell its London headquarters for 250 million pounds, a spokesman said on Friday, the latest in a string of disposals as the British energy company shifts to low-carbon energy. […]

Total in talks with Libya to expand oilfield investment -energynewsbeat.com
Crude Oil News

Total in talks with Libya to expand oilfield investment

November 23, 2020 Clark Savage

(Bloomberg) –France’s Total SE is in talks to increase energy investment in Libya, where oil output has surged in the past two months amid a truce in the OPEC member’s civil war. Total and Libya’s […]

ConocoPhillips - Northslope - Energynewsbeat.com
Crude Oil News

ConocoPhillips to resume drilling on Alaska’s North Slope

November 22, 2020 Clark Savage

Anchorage, Alaska — ConocoPhillips plans to restart drilling on Alaska’s North Slope before the end of the year and will have four rigs operating in 2021, company officials said Wednesday. Next year’s budget hasn’t been approved […]

International News

Trump Administration proposes revised Arctic regulations

November 22, 2020 Clark Savage

The U.S. Department of the Interior’s Bureau of Safety and Environmental Enforcement and Bureau of Ocean Energy Management announced that they will issue an Arctic Exploratory Drilling Proposed Rule to remove unnecessary, burdensome provisions while ensuring that energy exploration on the […]

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