The Stimulus Rally In Oil Isn’t Over Yet
U.S. West Texas Intermediate crude oil futures are trading slightly lower on Friday, but still holding on to its weekly gains. The price action is being manipulated by escalating tensions Continue Reading
Schlumberger Books Second Consecutive Loss Amid Shale Bust
The world’s largest oilfield services provider, Schlumberger ( NYSE:SLB ), reported on Friday a second straight quarterly loss on the back of a dramatic revenue slump in U.S. shale and Continue Reading
US agency ends ban, will now finance advanced nuclear projects abroad
The US International Development Finance Corporation has ended a ban on financing nuclear power projects and “will prioritize the support of advanced nuclear technology in emerging and frontier markets,” the Continue Reading
Analysis: Bakken Shale associated natural gas production rebounds following shut-ins
Despite a wave of well shut-ins by operators across the Bakken Shale this spring, associated natural gas production looks to rebound sooner than expected, leading to an increase of flows Continue Reading
NextEra investing in hydrogen; rapidly expanding renewables, storage
NextEra Energy executives are bullish about long-term opportunities for hydrogen to help achieve US decarbonization goals, along with associated market opportunities for the rapid development of renewable energy, the officials Continue Reading
Another Bakken oil pipeline faces shutdown while DAPL appeal is pending
Another Bakken Shale crude oil pipeline is on the verge of potential closure as a series of governmental and court rulings have threatened the operation of existing pipeline systems. The Continue Reading
Baker Hughes Posts Smaller US Rig Count Drop
The number of rotary drilling rigs operating in the United States fell to 251 this week, Baker Hughes Co. reported Friday. The number of rotary drilling rigs operating in the Continue Reading
Frac is Back
U.S. fracking is set for its first monthly rise this year, according to a new Rystad Energy analysis. U.S. fracking is set for its first monthly rise this year, according Continue Reading
Russia’s Central Bank Against Copying Mexican Oil Hedge
Russia’s central bank doesn’t think that copying the Mexican oil hedge is a good idea, the Governor of Bank of Russia, Elvira Nabiullina said at a news conference on Friday, Continue Reading
Russian Gas Giant Gazprom To Start Producing Clean Hydrogen
Russia’s gas giant Gazprom will start producing “clean”, that is, zero-emission, hydrogen beginning in 2024 under a new government plan to develop a hydrogen economy. The plan sees Gazprom building Continue Reading