E&P
In an interview with CNBC that aired Wednesday, Mike Wirth, the CEO of Chevron, said that it would not invest in renewable energy, instead allowing its shareholders to use money earned from the company and “let them […]
E&P
E&P
Fifth Circuit issues devastating defeat for oil and gas companies in hour and wage dispute
Energy companies that compensate employees by the day – be it $200 or $1,000 – must still pay those people overtime because they are not considered exempted salaried personnel under the strict wording of the […]
Commodities
‘Widowmaker’ Natural Gas Spread Doubles as Traders Eye Winter
A natural gas trade known as the widowmaker because of its volatility is once again in focus amid concerns about the level of U.S. inventories as the country get closer to winter. The spread between […]
Crude Oil News
Stronger storms test aging U.S. offshore oil facilities
Stronger hurricanes threatening the U.S. Gulf Coast energy hub are elevating the risks of oil spills from damage to area refineries, oil platforms, and subsea pipelines, say experts. On Monday, the U.S. Coast Guard said […]
E&P
Number of drilled but uncompleted wells declines
Source: U.S. Energy Information Administration, Drilling Productivity Report Based on our latest Drilling Productivity Report (DPR), 5,957 drilled but uncompleted wells (DUCs) were in the United States in all DPR regions in July 2021, the lowest for any month […]
Commodities
Europe’s homes and businesses are set to face a difficult winter because of record natural gas prices
European energy executives warned of a difficult winter ahead as natural gas prices soar to records, a grim prospect for households and businesses recovering from the global pandemic. Gas prices in Europe are breaking records […]
Crude Oil News
Days After Ida, Storm’s True Impact on Energy Sector Emerges
Five days after Hurricane Ida slammed into Louisiana, the true damage to the region’s energy infrastructure is only now starting to come to light. The challenges for companies to get out and inspect has been […]
Crude Oil News
Oil Edges Higher as U.S. Gulf Producers Assess Damage After Ida
Storm spurs refiners, pipeline networks to suspend operations OPEC+ expected to endorse oil supply increase at midweek meet Oil edged higher in New York as offshore explorers assess damage from Hurricane Ida and as investors […]
Downstream
A Hurricane Ida unknown: Economic impact on region and US
A strengthening Hurricane Ida, bearing high winds and the likelihood of flooding rain as it heads for the Louisiana coast, could damage the energy-heavy Gulf Coast economy and potentially have economic consequences well beyond the […]
Crude Oil Storage
The Permian Is Set To Thrive Through 2025
The Permian Basin looks strong until at least 2025 despite challenges from Biden’s alternative energy push, with oil output climbing steadily after its dip during the 2020 pandemic, as companies rush to consolidate their assets […]
