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HomeFossil

Fossil

Canada oil sands producer Athabasca - Energy News Beat
Crude Oil News

Equinor divests stake in Canada oil sands producer Athabasca

January 20, 2021 Stu Turley

Energy News Beat Publishers Note: Wonder if Biden saying that he will halt the Keystone XL pipeline had any influence on the Equior team to divest the stake in Athabasca?  Norway’s Equinor said on Wednesday […]

Russian Oil Fields Ahead of 180th OPEC Meeting
Crude Oil News

IEA cuts oil demand forecast as new lockdowns temper recovery

January 19, 2021 Stu Turley

The International Energy Agency lowered forecasts for global oil demand as renewed lockdowns to contain the pandemic temper the recovery expected this year. “The global vaccine roll-out is putting fundamentals on a stronger trajectory for the year, […]

Chinas 2020 coal output rises to highest since 2015 undermining climate pledges - Energy News Beat
Coal

China’s 2020 coal output rises to highest since 2015, undermining climate pledges

January 18, 2021 Stu Turley

EIJING, Jan 18 – China’s coal output rose last year to its highest since 2015, despite Beijing’s climate change pledge to reduce consumption of the dirty fossil fuel and months of disruption at major coal […]

Over 50 billion in gas and LNG projects at risk of cancellation in Bangladesh- Pakistan and Vietnam -energynewsbeat
Fossil

Over $50 billion in gas and LNG projects at risk of cancellation in Bangladesh, Pakistan and Vietnam

January 17, 2021 Stu Turley

Emerging markets such as Vietnam, Pakistan and Bangladesh that are turning to liquefied natural gas (LNG) as a source of power are likely to be hit by higher and more volatile prices going forward, according […]

Rystad Energy - EnergyNewsBeat
Exploration and Production

The share of gas flared in the Permian has fallen to its lowest level of the Shale era

January 17, 2021 Stu Turley

The share of gross gas output that is flared at the wellhead in the US’ prolific Permian Basin has plummeted to a modern Shale-era record low, a Rystad Energy report shows, with an analysis of preliminary data […]

Fossil

Summit’s Permian Natural Gas Conduit Gets FERC OK to Start Construction

January 15, 2021 Stu Turley

Federal regulators have approved the start of construction on all but a small portion of Summit Midstream Partners LP’s 135-mile Double E natural gas pipeline that would connect Permian Basin supplies to the Gulf Coast. […]

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

EIA Natural Gas Report – Energy News Beat

January 14, 2021 Stu Turley

Summary Working gas in storage was 3,196 Bcf as of Friday, January 8, 2021, according to EIA estimates. This represents a net decrease of 134 Bcf from the previous week. Stocks were 126 Bcf higher […]

Goldman Sachs Warns Of Bullish Perfect Storm For Natural Gas - Energy News Beat
Commodities

Goldman Sachs Warns Of Bullish Perfect Storm For Natural Gas

January 14, 2021 Stu Turley

Goldman Sachs has flipped on their bearish natural gas stance to a bullish one. Goldman’s Samantha Dart’s reasoning behind the view shift is due to a combination of factors including “supply disruptions, shipping delays, and […]

NewFortress Energy-Energy News Beat
Finance

New Fortress Energy to acquire Hygo and Golar LNG Partners

January 14, 2021 Stu Turley

New Fortress Energy Inc. (NFE) has announced that it has entered into definitive agreements to acquire Hygo Energy Transition Ltd., a 50:50 joint venture between Golar LNG Limited and Stonepeak Infrastructure Fund II Cayman (G) […]

Chevron to buy biodiesel producer REG in USD-3.15bn deal
Crude Oil News

Chevron makes bet on being last man standing – Good move for US oil

January 13, 2021 Stu Turley

Chevron Chief Executive Mike Wirth is doubling down on oil. The boss of the $180 billion U.S. fossil fuel firm told Reuters on Tuesday that he was a fan of the 2015 Paris Agreement to […]

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