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U.S. Oil Prices Close Gap With Brent as Demand Keeps Climbing   Jun 18, 2021
The U.S. oil market is reaching a crunch point.Each week drivers are traveling billions of miles on interstates, just as they did in 2019, before the pandemic ravaged global oil consumption. But despite a steady ramp up in demand in recent months, Yahoo Finance  

Oil slips again on surging U.S. dollar, but holds above $70   Jun 18, 2021
Oil prices fell for a second consecutive day on Friday as the U.S. dollar soared on the prospect of interest rate hikes in the United States, but were nevertheless on track to finish the week flat - only slightly off multi-year highs. Yahoo Finance  

Oil firms evacuating Gulf of Mexico facilities ahead of brewing storm   Jun 18, 2021
Chevron Corp and Occidental Petroleum Corp said on Thursday they were withdrawing staff and implementing storm precautions at their U.S. Gulf of Mexico offshore facilities ahead of a brewing tropical storm. Reuters  

It’s Too Late To Avoid A Major Oil Supply Crisis   Jun 18, 2021
The level of capital investment in oil exploration and production in the last few years has been far too low, and now it is likely too late to avoid a supply crisis Crude Oil Prices  

Chevron withdraws staff from Gulf of Mexico facilities ahead of storm   Jun 17, 2021
Chevron Corp said on Thursday it withdrew non-essential staff from three U.S. Gulf of Mexico offshore oil platforms and fully evacuated a fourth ahead of a brewing tropical storm. Reuters  

The Renewable Boom Has Barely Impacted Oil & Gas   Jun 17, 2021
While much has been written and said about the renewable energy revolution, the global market share of oil and gas has barely changed in the last decade OilPrice  

Protests continue at Minnesota Line 3 oil pipeline project   Jun 17, 2021
Opponents of the Enbridge Energy Line 3 oil pipeline project in northwestern Minnesota continued their protests this week by disrupting traffic in front of an Enbridge equipment site, leading to 31 arrests. CTV News  

Orca Announces Updated Independent Natural Gas Resource Report   Jun 17, 2021
TORTOLA, British Virgin Islands, June 17, 2021 (GLOBE NEWSWIRE) -- ("Orca" or the "Company") announces its updated independent natural gas resource assessment report with an effective date of March 31, Yahoo Finance  

Terra Nova's owners have reached an agreement to continue the project. Now what?   Jun 17, 2021
Entire towns relying on a deal being struck for the Terra Nova oilfield are breathing a little easier on Thursday with an agreement in place. CBC.ca  

Exxon restarts Baton Rouge, Louisiana, small crude unit - sources   Jun 17, 2021
Exxon Mobil Corp restarted the small crude distillation unit (CDU) at its 502,500 barrel-per-day (bpd) Baton Rouge, Louisiana, refinery on Thursday, following a month of work, said sources familiar with plant operations. Reuters  

Exxon rejects union proposals to end Texas refinery lockout -sources   Jun 17, 2021
Exxon Mobil Corp (XOM.N) rejected on Thursday proposals made by the United Steelworkers union (USW) to end a seven-week lockout of workers from the company's Beaumont, Texas refinery, said sources familiar with talks between the two sides. Reuters  

Russian Drillers Rejoice As Oil Continues To Rally   Jun 17, 2021
The Russian oil and gas industry is profiting from the significant rise in oil prices and the uptick in global demand for hydrocarbons Crude Oil Prices  

Exxon rejects union proposals to end Texas refinery lockout   Jun 17, 2021
Exxon Mobil Corp said on Thursday it rejected proposals by the United Steelworkers union to end a seven-week lockout at the company's Beaumont, Texas, refinery. Reuters  

Enbridge Set to Debut in the Sustainability-Linked Bond Market   Jun 17, 2021
Enbridge Inc. released a framework for the issuance of sustainability-linked bonds -- the first for a North American pipeline company -- as it pushes to improve its environmental credentials. Bloomberg  

N.L. government's $505-million aid for Terra Nova a good deal, energy minister says   Jun 17, 2021
A $505-million lifeline that helped keep an offshore oilfield alive is a good deal for the province, the Newfoundland and Labrador government said Thursday, even if it means it would reap just $35 million in royalties over the next decade. Yahoo Finance  

Oil Prices Fall As The Fed Changes Its Tune   Jun 17, 2021
Oil prices sank on Thursday as the Fed’s hawkish comments sent the dollar higher. Crude oil is down more than 1% on Thursday afternoon, with WTI falling 1.32% at $71.20 per barrel, and Brent down 1.57% to $73. OilPrice  

Paramount Resources Ltd. Announces Implementation of Monthly Dividend, Settlement of Strath Dissent and Normal Course Issuer Bid   Jun 17, 2021
Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) is pleased to announce the implementation of a monthly dividend program with respect to its class A common shares (the "Common Shares"). Yahoo Finance  

USA Compression Partners, LP to Participate in J.P. Morgan 2021 Energy, Power & Renewables Conference   Jun 17, 2021
USA Compression Partners, LP (NYSE: USAC) ("USA Compression") today announced that its senior management will participate in the J.P. Morgan 2021 Energy, Power & Renewables Conference. Senior management expects to participate in a series of virtual meetings with members of the investment community on June 23, Yahoo Finance  

Pioneer Natural Resources to Present at the J.P. Morgan Energy, Power & Renewables Conference   Jun 17, 2021
Pioneer Natural Resources Company (NYSE:PXD) today announced that Scott Sheffield, Chief Executive Officer, will participate in a CEO panel discussion at the J.P. Morgan Energy, Power & Renewables Virtual Conference on Tuesday, Yahoo Finance  

Big Oil Used Instagram And Gen Z Lost It   Jun 17, 2021
Big oil has begun using Instagram as a tool for advertising, and it seems the younger generation and environment activists aren't very unhappy about it Crude Oil Prices  

Maine Becomes First State to Order Public Fossil-Fuel Divestment   Jun 17, 2021
Maine became the first U.S. state to enact a law requiring divestment from fossil fuels, after Governor Janet Mills signed a measure ordering public funds to jettison investments in coal, petroleum, natural gas and related products. Bloomberg  

Oil Sinks on Dollar Strength Amid Broader Commodity Selloff   Jun 17, 2021
Oil slumped the most in a month as a rising dollar pushed financial investors, who had piled into commodities to guard against inflation, toward the exits for other sectors.Futures in New York fell 1. Yahoo Finance  

Bank of England halves carbon emissions in 2020/21   Jun 17, 2021
The Bank of England said it had halved its greenhouse gas emissions during the year to the end of March, due to switching to electricity powered by renewable sources and reduced air travel as a result of the coronavirus pandemic. Reuters  

Oil prices in India a reflection of what's happening globally, says CII chief   Jun 17, 2021
Following the Confederation of Indian Industry's projection that India's GDP is expected to grow at 9.5 per cent in the current financial year, CII president TV Narendran said the increase in petrol and diesel prices in the country was a reflection of what is happening globally. Yahoo Finance  

Maximl bags Rs 7.33 cr two-year deal from Indian Oil Corporation   Jun 17, 2021
IT firm Maximl on Thursday said it has bagged a two-year deal worth Rs 7.33 crore from Indian Oil Corporation to digitalise last-mile operations across all its nine refineries for turnaround maintenance. Yahoo Finance  

After Blowing $300 Billion, U.S. Shale Finally Makes Money   Jun 17, 2021
Marathon Oil Corp. used to represent everything that was wrong with U.S. shale: enormous debtloads, lavish executive pay and a seeming willingness to spend whatever it took to boost output. The company hemorrhaged money, Yahoo Finance  

Oilfield Services Receive A Major Boost As Oil Prices Rally   Jun 17, 2021
The steady and substantial climb in oil prices has led to more business for oilfield service providers and higher prices OilPrice  

N.L.'s $505-million aid for oilfield a sign of strength, not a precedent: Ministe   Jun 17, 2021
Newfoundland and Labrador's energy minister says the $505 million in cash and royalty adjustments the province offered to the owners of the Terra Nova oilfield represents a line in the sand and not a precedent for other oil companies to ask for money. CTV News  

LNG's share of Indian gas demand to rise to 70% by 2030 - Petronet CEO   Jun 17, 2021
The share of liquefied natural gas (LNG) in India's gas consumption could rise to 70% from the current 50% in 10 years, and new import terminals are needed, the chief executive of the country's top gas importer said. Reuters  

Biden, Putin Did Not Discuss Oil Prices Or OPEC+ Deal   Jun 17, 2021
The leaders of the United States and Russia did not discuss oil prices or the OPEC+ deal at their summit in Geneva on Wednesday, Vladimir Putin’s Press Secretary Dmitry Peskov said on Thursday OilPrice  

UN adopts ban on heavy fuel oil use by ships in Arctic   Jun 17, 2021
The United Nations shipping agency on Thursday adopted a ban on the use of heavy fuel oil in the Arctic region while green groups said the regulations contained loopholes which will allow many vessels to keep sailing without enough regulatory control. Reuters  

The 38-Week CRB Ends for Most Canadians: Is a 12-Week Extension Coming?   Jun 17, 2021
Is a 12-week extension to the CRB coming? The post The 38-Week CRB Ends for Most Canadians: Is a 12-Week Extension Coming? appeared first on The Motley Fool Canada. Yahoo Finance  

FACTBOX-Potential bidders in Norway's first offshore wind tender   Jun 17, 2021
Norway has earmarked two areas in the North Sea to accommodate up to 4.5 gigawatt (GW) of floating and bottom-fixed wind turbine capacity and will identify additional offshore areas for development amid strong interest from energy firms. Reuters  

More Room For Growth In Pioneer Energy Stock?   Jun 17, 2021
Interestingly, Pioneer Resources did not report any asset impairments last year largely due to a strong presence in the Permian Basin. With recent acquisitions, the company has further strengthened its Permian portfolio – indicating room for better operational efficiencies and higher Forbes  

OPEC Secretary Urges Member Countries To Continue Oil Investments   Jun 17, 2021
OPEC Chief Mohammad Barkindo urged the group's members to continue investing in new oil and gas projects as all the energy sources of today will be used into the foreseeable future OilPrice  

Pembina and TC Energy team up for carbon transportation and sequestration project   Jun 17, 2021
Pembina Pipeline Corp. and TC Energy Corp. have announced a plan to develop a carbon transportation and sequestration system in Alberta. CBC.ca  

Eni (E) and Partners Set to Merge Two Concessions in Egypt   Jun 17, 2021
Eni (E) is likely to use high-resolution 3D seismic data for the development of the prolific Egyptian Western Desert basin. Yahoo Finance  

TC Energy, Pembina Pipeline team up for 'Alberta Carbon Grid' project   Jun 17, 2021
The project is expected to move the equivalent of 10 per cent of Alberta's annual industrial emissions to storage sites every year. Yahoo Finance  

Shell (RDS.A) May Exit Prolific Permian Operations for $10B   Jun 17, 2021
Royal Dutch Shell plc RDS.A is contemplating the divestment of a portion or all of its interests in Permian Basin – the most prolific shale play in the United States – according to people familiar with the matter, Yahoo Finance  

GMG and OPENIA Project Management Services LLC (Dubai) Sign THERMAL-XR(R) Letter of Intent   Jun 17, 2021
Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce the signing of a non-binding Letter of Intent (LOI) with OPENIA Project Management Services LLC ("OPENIA") for the exclusive distribution of THERMAL-XR®~ powered by GMG Graphene throughout the United Arab Emirates. Yahoo Finance  

Terra Nova Oilfield To Resume Operations After Last-Minute Deal Reached   Jun 17, 2021
The Terra Nova oilfield off the coast of Newfoundland and Labrador will remain operational after its owners reached a last-minute restructuring deal. The oilfield's seven owners will shuffle their shares and provide short-term funding for the oil project rather than abandon the field entirely, Yahoo Finance  

Inside The $10 Million Fortune Of Antony Blinken, Biden’s Secretary Of State   Jun 17, 2021
Between roles in the Obama and Biden administrations, Antony Blinken cofounded a D.C. advisory business—and made a small fortune. Forbes  

What to watch as U.S. demand pushes oil prices higher   Jun 17, 2021
As U.S. car and airplane travel rebounds, how fast global oil producers boost output may determine whether fuel prices keep rising. Falling new COVID cases and rising vaccinations helped air passengers rise to levels about a fifth lower than the same period in 2019. Bloomberg  

The Climate Culture Shock Is Coming   Jun 17, 2021
In the corporate world, big change starts at the top—which means companies will have to shake up their leadership to fulfill their environmental agendas. Bloomberg  

Russia's controversial 764-mile-long natural gas pipeline   Jun 17, 2021
Russia's controversial 764-mile natural gas pipeline, Nord Stream 2, is nearly complete. What will it mean for the region — and for the world? Why is this new pipeline so contro Yahoo Finance  

Crude oil prices retreat, but stay near multi-year highs   Jun 17, 2021
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson Reuters  

N. American oil service firms' pricing and hiring on the upswing   Jun 17, 2021
As oil climbs above $70 a barrel for the first time in almost three years, oilfield firms are reporting prices for their services and equipment have bottomed and many are fielding more calls for jobs. Reuters  

WTI Price Paid for The First Truck Load Of Oil Produced After Restart of Operations   Jun 17, 2021
Development of Sales Channels for Produced Sand ContinuesSHERMAN OAKS, CA / ACCESSWIRE / / Petroteq Energy Inc. ("Petroteq" or the "Company") ‎‎(TSXV:PQE; ‎OTC PINK:PQEFF; FSE:PQCF), a ‎company focused on the development and implementation of its proprietary oil-‎extraction ‎technologies, Yahoo Finance  

Oil Near $72 as Investors Size Up Fed’s Shift, Lower Stockpiles   Jun 17, 2021
Oil traded near $72 a barrel as investors weighed signs of a tightening global crude market against the Federal Reserve’s decision to start moving toward an end of its ultra-easy monetary policy.West Texas Intermediate was 0. Yahoo Finance  

Alcoa details plans to cut carbon emissions from making alumina   Jun 17, 2021
Alcoa Corp detailed plans on Thursday for a "step change" in alumina production that would allow it to cut 70% of emissions from the carbon intensive process by tapping renewable energy. Among Australia's emissions intensive exports, Yahoo Finance  

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