What Lasting Oil and Gas Workforce Changes are Underway? Approximately 14% of permanent U.S. oil and gas employees lost their jobs in 2020, Deloitte estimates. Additionally, the consultancy has warned that more than 70% of […]
The setting of a net-zero target by the Biden Administration was the first step toward decarbonization of the energy system and industry. But having a target is the easiest part of America’s energy transition. Now […]
The industry group representing oil and gas companies including Exxon Mobil Corp and Chevron Corp said on Thursday it supports a carbon price as one measure to mitigate climate change risk. Oil and gas trade group the American Petroleum Institute (API) […]
n more than five years since the world agreed to limit warming temperatures, banks have poured more than $3.6 trillion into fossil fuel—almost three times more than total bonds and loans backing green projects, according […]
In February 2021, extremely cold winter weather in the Gulf Coast region resulted in outages at most petrochemical plants in the area, causing the largest monthly decline in demand for ethane feedstock on record. Ethane […]
Austin, Texas (May 18, 2021) — Enverus, the leading global energy data analytics and SaaS technology company, has released its latest FundamentalEdge report. A Delicate Balance focuses on oil and gas’ current winning streak and includes the […]
Retail fuel supplies in the southeastern US are slowly returning to normal levels after panic buying drained storage following the cyberattack-induced shutdown of the Colonial Pipeline earlier this month. In Virginia the supply situation has […]
Colonial Pipeline said Saturday that it has returned its systems to “normal operations” following the ransomware attack last week that forced the major pipeline to shut down. The company said on Twitter that it’s delivering […]
Energy News Beat Publishers Note (ENB): This is an excellent opinion piece from Bloomberg. The major issue is this re-distribution of resources would never happen in this day of regulations and political demands of no […]
Scheduling and inventory systems remained offline as operators resumed physical service after nearly a week of outages across the 5,500-mile (8,850km) network. The outage left shippers with no way to redirect barrels to southeastern markets drained by panic […]
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