How Vulnerable Are Oil Markets To Extreme Weather?
Refineries were closed, pipelines shut down, tankers held out to sea. The price of fuel shot up as gas stations went dry across the country, while crude slumped with a Continue Reading
GoM June Production Update
Production Production for June by BOEM was 1631 kbpd and by EIA 1636, compared with 1673 and 1659 kbpd, respectively, in May. The decline was mostly from Thunder Horse going Continue Reading
Cheniere’s Sabine Pass receives first LNG tanker since Harvey
Cheniere Energy was preparing Wednesday to ship its first LNG export cargo from its Sabine Pass terminal in Louisiana since Harvey came ashore along the Gulf Coast as a powerful Continue Reading
Texas makes wind energy strides
Two wind farms in Texas will become the second- and third-largest facilities with extra storage capacity installed so far, a German power company said. German energy company E.ON said it Continue Reading
Energy sector recovery slow post-Harvey
While flood waters are receding in parts of the U.S. south hit by Hurricane Harvey, it could take weeks for the energy sector to recover, assessments note. The National Weather Continue Reading
More shale production expected from Colorado
Bill Barrett Corp., which has a core focus in U.S. shale oil basins, said production for the year could be higher than expected because of Colorado’s success. Bill Barrett said Continue Reading
France plans to end oil and gas production by 2040
France plans to pass legislation by the end of 2017 to phase out all oil and gas exploration and production on its mainland and overseas territories by 2040, becoming the Continue Reading
The Latest: Florida nuclear plants prepare to power down
The Latest news related to Hurricane Irma in Florida (all times local): 4:10 p.m. The Nuclear Regulatory Commission says it is preparing to shut down two Florida nuclear plants that Continue Reading
France proposes ban on oil and gas exploration
The French government said it was reviewing a bill that would put an end to new permits for oil and gas exploration in an effort to adopt a low-carbon economy. Continue Reading
Russia’s Putin says row with Exxon over Sakhalin-1 is resolved
A dispute with U.S. major ExxonMobil over the Sakhalin-1 oil and gas project has been resolved, Russian President Vladimir Putin said on Thursday. Speaking at a conference in the Russian Continue Reading