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Chevron returning offshore workers, restarts output halted by U.S. storm   Jun 19, 2021
Chevron Corp (CVX.N) said on Saturday it was returning offshore workers to its Gulf of Mexico production platforms who had been evacuated ahead of Tropical Storm Claudette. Reuters  

Beware! You Might Be Losing Money Due to BlackBerry’s (TSX:BB) Volatility   Jun 19, 2021
Have you repurchased BlackBerry (TSX:BB)(NYSE:BB) shares at the dip in the last two weeks? If yes, then you are at risk of losing money. The post Beware! You Might Be Losing Money Due to BlackBerry’s (TSX:BB) Volatility appeared first on The Motley Fool Canada. Yahoo Finance  

Sheriff, pipeline opponents keep the peace at Enbridge site   Jun 19, 2021
On the evening of June 14, Halverson quietly escorted about 50 pipeline opponents from the camp out to Highway 40, where they were issued citations for trespassing on an Enbridge Line 3 work site. One of the demonstrators was arrested at his own request, Houston Chronicle  

The Unmistakable Impact Of The IEA’s ‘Fantasy’ Report   Jun 19, 2021
Arguably the most important trend of the decade for oil and gas companies is the shift towards going green, with pressure from institutions such as the IEA being felt across the industry Yahoo Finance  

Tropical Storm Claudette Forms Near New Orleans, U.S. Says   Jun 19, 2021
Tropical Storm Claudette has formed southwest of New Orleans and threatens the U.S. Gulf of Mexico coastline from Louisiana to Florida with heavy rain.Claudette, 2021’s third storm and first to hit the U. Yahoo Finance  

Aramco Closes $12 Billion Pipeline Deal With China, UAE Backing   Jun 19, 2021
China’s Silk Road Fund and Hassana Investment Co., controlled by the Saudi Arabian government, joined a group investing $12.4 billion in Saudi Aramco’s oil pipelines.The consortium, led by U.S. firm EIG Global Energy Partners LLC, Yahoo Finance  

Corsican beaches reopen after oil spill   Jun 19, 2021
The beaches of Porto-Vecchio and Bonifacio on the French Mediterranean island of Corsica have reopened after oil slicks off the coast last weekend. The bathing ban has been lifted on all the beaches of the Gulf of Porto-Vecchio except "the Porto-Novo sector" which is "awaiting an improvement soon", Yahoo Finance  

Iran Elects Hardliner as Nuclear Talks Enter Critical Phase   Jun 19, 2021
Ultraconservative cleric Ebrahim Raisi swept to a landslide win in Iran’s presidential election, potentially setting Tehran on a more hostile course toward the West as world powers attempt to revive a nuclear deal that could see it return to global oil markets. Bloomberg  

Why Hydrogen Is the Hottest Thing in Green Energy   Jun 19, 2021
Solar panels and wind turbines can’t clean up everything. Making steel, for instance, calls for higher temperatures than traditional electric furnaces can deliver. That’s why plans for blunting climate change now envision a big role for hydrogen in curbing industrial emissions and for powering cars, Bloomberg  

Biden will meet U.S. financial regulators on Monday   Jun 18, 2021
U.S. President Joe Biden speaks about the administration's coronavirus disease (COVID-19) response and the vaccination program during brief remarks in the State Dining Room of the White House in Washi Reuters  

Dow, S&P post worst week in months after hawkish Fed spooks investors   Jun 18, 2021
A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. REUTERS/Eric Thayer/File Photo Reuters  

Exxon, union try new approach to resolve increasingly bitter dispute   Jun 18, 2021
Exxon Mobil Corp and the United Steelworkers union (USW) hope to break an increasingly bitter dispute over a Texas refinery contract next week by taking a different approach of sending one negotiator each to contract talks instead of a whole team, Yahoo Finance  

Government of Canada Approves the NOVA Gas Transmission Ltd. Edson Mainline Expansion Project   Jun 18, 2021
It will also provide natural gas producers and shippers with diversified access to domestic and U.S. markets. The Canada Energy Regulator (CER) will continue to engage Indigenous groups throughout the project's life cycle and is committed to reconciliation ... Yahoo Finance  

Empty Oil Tanks at Key Storage Hub Show Speedy Demand Rebound   Jun 18, 2021
Crude storage tanks that were brimming a year ago when the pandemic grounded flights and kept drivers at home are beginning to empty in the main U.S. distribution hub, the latest sign of strengthening demand in the world’s biggest oil-consuming country. Bloomberg  

Fact Check-Photo shows real gas prices at Chevron gas station in Los Angeles   Jun 18, 2021
A photo shows the real prices for gasoline and diesel at a Chevron gas station in Los Angeles, contrary to suggestions by some social media users. Reuters  

Oil Rises for Fourth Week With Strong Global Demand Ahead   Jun 18, 2021
Oil posted a fourth straight weekly gain as signs of a global demand recovery and supply discipline among producers encouraged investors.Futures in New York rose 1% this week. Strong U.S. demand growth is being passed on to Europe and emerging markets, Yahoo Finance  

Largest Boeing 737 MAX model takes off on maiden flight   Jun 18, 2021
The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker Reuters  

Canada Oil Pipeline Companies Throw Money At Energy Transition   Jun 18, 2021
Canadian pipeline operators have just announced plans to develop a massive carbon transportation and sequestration system, weeks after the largest oil sands producers formed a collaboration initiative Crude Oil Prices  

U.S. Rig Count Jumps As Oil Prices Hold Above $70   Jun 18, 2021
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose this week, bringing the total rig count to 470 OilPrice  

The Cable: Delta Virus Variant, Pfizer, Oil, Rates (Podcast)   Jun 18, 2021
Source: Bloomberg, 44:26 Bloomberg  

Natural Gas Price Forecast – Natural Gas Markets Turn Around Again   Jun 18, 2021
Natural gas markets fell initially during the trading session on Friday, but as a tropical storm is building up in the Gulf of Mexico, it has turned traders right back around. Yahoo Finance  

N.L. has no new cases of COVID-19, as 75% of eligible population have had 1st vaccine dose   Jun 18, 2021
That benchmark has been cited as a requirement, with the active COVID-19 caseload remaining low, to reopen the province's borders to fully vaccinated Canadians without quarantine on July 1. CBC.ca  

Anaergia Inc. Files Final Prospectus and Announces Pricing of Initial Public Offering   Jun 18, 2021
Anaergia Inc. ("Anaergia" or the "Company"), an integrated waste-to-value platform created to eliminate greenhouse gases by cost-effectively turning organic waste into renewable natural gas, fertilizer and water, Yahoo Finance  

Mi'kmaw leaders considering MMIWG safety concerns tied to N.S. energy project   Jun 18, 2021
Mi'kmaw leaders in Nova Scotia say the safety of their communities is a "fundamental concern," but are not saying how they expect the developers of a proposed $13-billion natural gas project to ensure safety for Mi'kmaq beyond the boundaries of the work site. CBC.ca  

Chevron, consortium of Total and Qatar Petroleum win Suriname oil bids   Jun 18, 2021
Suriname's state oil company Staatsolie said on Friday that Chevron Corp (CVX.N) and a consortium of France's TotalEnergies SE (TOTF.PA) and Qatar Petroleum (QATPE.UL) submitted the most favorable bids to develop offshore oil blocks. Reuters  

U.S. drillers add oil and gas rigs for second week in a row -Baker Hughes   Jun 18, 2021
U.S. energy firms this week added oil and natural gas rigs for a second week in a row as crude prices rose to their highest since 2018, prompting some drillers to return to the wellpad. Reuters  

Activist Investors Move On From the Factory Floor   Jun 18, 2021
Where are all the activist investors? U.S. industrial giants’ clunky structures and lagging returns were like catnip for change-seeking shareholders last decade. Companies ranging from Honeywell International Inc. Bloomberg  

Is The Oil Rally Nearing Its End?   Jun 18, 2021
After a momentous rally this year, it looks like oil prices are finally coming under pressure - with the threat of inflation dampening oil market optimism. OilPrice  

Oil Rebounds With Signs of Spreading Global Demand Recovery   Jun 18, 2021
Oil is poised for a fourth straight weekly gain with optimism growing around a global demand recovery.Futures in New York climbed as much as 1.6% on Friday, recovering from Thursday’s broad selloff in commodities with the Federal Reserve planning to raise interest rates. Yahoo Finance  

Early-season Gulf of Mexico storm trims some U.S. oil production   Jun 18, 2021
The first storm to hit oil-producing regions of the U.S. Gulf of Mexico this year sent workers fleeing offshore oil platforms and cut some production. A weather disturbance in the central Gulf of Mexico was expected to become a tropical storm on Friday. Yahoo Finance  

Spruce Ridge Acquires Oil and Gas Wells in Saskatchewan   Jun 18, 2021
PUSLINCH, ON / ACCESSWIRE / June 18, 2021 / Spruce Ridge Resources Ltd. (TSXV:SHL) (the "Company") is pleased to announce that it has an agreement to purchase certain mineral leases with petroleum and natural gas rights, Yahoo Finance  

Brookfield includes all-cash option in Inter Pipeline offer   Jun 18, 2021
Brookfield Infrastructure Partners (BIP.N) on Friday revised its buyout offer for Inter Pipeline Ltd (IPL.TO) to include an option for an all-cash consideration, instead of a mix of cash and stock. Reuters  

OPEC Doesn’t Expect More U.S. Shale Oil Production   Jun 18, 2021
Despite $70 oil, U.S. shale producers are not expected to significantly raise crude production this year as they continue to be focused on disciplined capital expenditures and returning more cash to i OilPrice  

Northern (NOG) Signs Three Agreements to Purchase Permian Acres   Jun 18, 2021
Northern (NOG) expects total production of 3,700 boed on the acquired assets in 2021 and plans to increase it to 6,500 boed in the coming years, depending on the development plans on the properties. Yahoo Finance  

Exxon, P&G, U.S. Bank: Stocks To Buy As The Fed Projects Higher Inflation   Jun 18, 2021
U.S. inflation has been trending higher, as abundant liquidity, soaring demand following Covid-19 lockdowns, and supply-side constraints are putting pressure on prices. On Wednesday, the Federal Reserve considerably raised its expectations for inflation for 2021, Forbes  

Operations normal at S.E. Louisiana refineries ahead of storm threat -Exxon, sources   Jun 18, 2021
Refineries in southeast Louisiana were operating normally ahead of a possible tropical storm, said a spokeswoman for an Exxon (XOM.N) refinery and sources at Shell (RDSa.L) and PBF Energy (PBF.N) refineries on Friday. Reuters  

Gulf Of Mexico Drillers Evacuate Platforms As Tropical Storm Nears   Jun 18, 2021
Oil companies operating in the Gulf Coast have started evacuating employees from platforms there ahead of a tropical storm that is brewing in the Gulf Crude Oil Prices  

Why oil prices may shoot at least 15% higher: Goldman Sachs   Jun 18, 2021
With the global economy roaring back from the COVID-19 pandemic, the ground is set for oil prices to shoot even higher, Goldman Sachs says. Yahoo Finance  

Exclusive: OPEC told to expect limited U.S. oil output growth, for now - sources   Jun 18, 2021
OPEC officials heard from industry experts that U.S. oil output growth will likely remain limited in 2021 despite rising prices, OPEC sources said, giving it more power to manage the market in the short term before a potentially strong rise in shale output in 2022. Yahoo Finance  

Here's Why "Trend" Investors Would Love Betting on Enbridge (ENB)   Jun 18, 2021
Enbridge (ENB) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move. Yahoo Finance  

Brookfield Infrastructure revises Inter Pipeline bid to include all-cash option   Jun 18, 2021
Brookfield Infrastructure Partners LP has revised its hostile takeover offer for Inter Pipeline Ltd. to give shareholders the option to receive their entire payment in cash, instead of a mix of cash and shares, Yahoo Finance  

ExxonMobil, Basrah Oil Ink Deal to Drill Wells in West Qurna 1   Jun 18, 2021
XOM and Schlumberger Limited SLB have entered into an accord with Iraq’s state-run player Basrah Oil Co., said oil ministry of Iraq. The deal has been inked for drilling 96 wells in West Qurna 1 oilfield, Yahoo Finance  

UPDATE 1-Brookfield includes all-cash option in Inter Pipeline offer   Jun 18, 2021
Brookfield Infrastructure Partners on Friday revised its buyout offer for Inter Pipeline Ltd to include an option for an all-cash consideration, instead of a mix of cash and stock. Brookfield's revision comes as the investment firm tries to beat a rival bid from Pembina Pipeline Corp, Yahoo Finance  

Brookfield Revises Hostile Offer in Inter Pipeline Battle   Jun 18, 2021
Brookfield Infrastructure Partners LP revised the terms of its hostile takeover offer for Canada’s Inter Pipeline Ltd., giving all shareholders the option to take cash. Bloomberg  

'There's no water,' says California farm manager forced to leave fields fallow   Jun 18, 2021
Salvador Parra, manager at Burford Ranch, is seen with a garlic crop he is preparing to harvest and sell, in Cantua Creek, California, U.S. June 15, 2021. Photo taken June 15, 2021. REUTERS/Norma Gale Reuters  

Schlumberger Stock Poised For More Gains?   Jun 18, 2021
Schlumberger’s first quarter revenues declined by 6% sequentially, largely due to low North American rig count and a seasonal dip in international business. Apart from the traditional reservoir performance and well construction segment, Forbes  

South African fishermen, oyster farmers fear power-generating ship will kill business   Jun 18, 2021
Workers aboard an aquaculture raft sort mussels and oysters in Saldanha Bay near Cape Town, South Africa, June 15, 2021.REUTERS/Mike Hutchings Reuters  

Hexagon Agility receives order from REV LNG for Mobile Pipeline® modules to deliver Renewable Natural Gas   Jun 18, 2021
Hexagon Agility has received an order for Mobile Pipeline® modules from REV LNG, LLC a leading full-service mobile energy supply and project development company. These modules will be used to transport and deliver renewable natural gas (RNG). Yahoo Finance  

Venezuela's Maduro Pleads For Foreign Capital, Biden Deal in Caracas Interview   Jun 18, 2021
Seated on a gilded Louis XVI chair in his office at Miraflores, a sprawling, neo-Baroque palace in northwest Caracas, Venezuelan President Nicolas Maduro projects unflappable confidence.The country, he says in an 85-minute interview with Bloomberg Television, Yahoo Finance  

The Cable: ECB, Fed, Iran & Oil (Podcast)   Jun 18, 2021
Hosts Guy Johnson & Alix Steel speak with Paul Gordon, Bloomberg Team leader for the Eurozone Economy, and Vince Cignarella, Bloomberg Macro Strategist. Plus, we hear from Rafael Mariano Grossi IAEA Director General, Bloomberg  

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