China National Offshore Oil Corporation Ltd., or CNOOC, targeted to produce 545 million-555 million barrels of oil equivalent, or 1.49 million-1.52 million boe/d, of oil and gas in 2021, up Continue Reading
The new Senate Committee on Energy and Natural Resources met Wednesday for its first hearing with Democratic Senator Joe Manchin of West Virginia at the helm. The stated purpose of Continue Reading
Applications for U.S. state unemployment benefits fell last week to the lowest level since the end of November, a sign that job cuts are starting to slow as Covid-19 infections Continue Reading
The number of Americans seeking unemployment benefits declined to 779,000 last week, a still-historically high total that shows that a sizable number of people keep losing jobs to the viral Continue Reading
It feels like 2004 again. John F. Kerry has quickly become a punching bag for Republicans who object to President Biden’s agenda for addressing climate change. GOP lawmakers say the Continue Reading
The weather doesn’t always follow traders’ hopes and expectations. However, it sometimes exceeds them. December and January saw a surge in natural gas prices in Asia as a cold spell Continue Reading
The US oil and gas rig count jumped 14 in the week ending Feb. 3 to 456, rig data provider Enverus said, as oil market fundamentals continued to improve beyond Continue Reading
Denver — A string of massive weekly US natural gas storage withdrawals, starting with the 192 Bcf pull reported Feb. 4, have the potential to unravel recent forecasts, and prompt Continue Reading
Weekly US production was estimated to be over 11.1 million st in the week ended Jan. 30, down 3.5% from the previous week and down 10.8% from the year-ago week, Continue Reading
New upstream projects under development on federal lands in northern Alaska will not be immediately affected by the Biden administration’s executive order pausing oil and gas approvals, but expansions of Continue Reading
