The heads of BP Plc, Total SE and Equinor ASA are among dozens of speakers convening for the annual International Petroleum Week conference, an event markedly different this year from previous gatherings. The industry’s flagship event in […]
Shale oil producers in the southern United States could take at least two weeks to restart the more than 2 million barrels per day (bpd) of crude output that shut down because of cold weather, as […]
Energy News Beat Publishers Note: This total of 579,000 bpd is outside the quotas assigned to Iran and will impact world supply. Most going to China at a discounted rate. Iran has launched three pipelines […]
Marathon Oil Corporation (NYSE:MRO) reported a fourth quarter 2020 net loss of $338 million, or $0.43 per diluted share, which includes the impact of certain items not typically represented in analysts’ earnings estimates and that would otherwise affect […]
With the ongoing fall out of power outages across Texas this week, it has brought into sharp focus the reliance we have on energy (and the infrastructure that delivers it to our homes) to keep […]
Energy News Beat Publishers Note: This last-minute compromise means nothing. Just a stall tactic Iran offered a last-minute compromise to international atomic inspectors that stops short of completely curtailing their intrusive monitoring powers, tapping the […]
Saudi Arabia and Russia are once again heading into an OPEC+ meeting on opposite sides of a crucial debate about the oil market. Riyadh is publicly urging fellow members to be “extremely cautious,” despite prices […]
Energy News Beat Publishers Note: What this means to energy: Notice Israel is not on Iran’s list of countries to “get along with”, and with the Biden administration begging to get back to an Iran […]
Energy News Beat Publishers Note: While basic economic fundamental rules have been thrown out over the last several years, they normally come back with overpowering consequences. Very much like a nagging tooth, or rattle in […]
When the Texas power grid was on the brink of collapse and its operator plunged thousands into darkness, it didn’t make an exception for the oil and gas field. Power was, unsurprisingly, diverted to hospitals […]
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