The biggest provider of oil and gas rigs to the U.S. shale patch is pushing a new pricing model as speedier drilling cuts into contractors’ revenue. SourceContinue Reading

“Reduction of climate footprint is high on the agenda for our customers in the oil and gas industry. Electrification of production platforms is one of the ways to reduce emissions from such operations,” said Kjetel Digre, chief executive officer of Aker Solutions. SourceContinue Reading

Texas Freeze Raises Cost Of Charging A Tesla To $900 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Feb 16, 2021, 12:00 PM CST The electricity shortage in Texas amid the cold snap has sent spot electricity prices soaring so much that the surge in...Continue Reading

Iran said an attempt by the U.S. government to seize 2 million barrels of oil aboard a Greek-owned tanker was “an act of piracy,” as tensions between Washington and the Islamic Republic show little sign of easing under Joe Biden’s presidency. SourceContinue Reading

Norway Averts Oil Strike At Its Largest Refinery | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 16, 2021, 11:31 AM CST Representatives of a trade union and employer organization Norwegian Oil and Gas Association reached an agreement early on Tuesday, averting an oil workers’...Continue Reading

U.S. oil production has plunged by more than 2 million barrels a day as the coldest weather in 30 years brings havoc to key producing states that rarely have to deal with frigid Arctic blasts. SourceContinue Reading

Vice President Kamala Harris drew derision on social media after she told a West Virginia television station that people could be put to work reclaiming abandoned “land mines.” A day earlier, climate envoy John Kerry said during a White House briefing that displaced laborers face “better choices” making solar panels and installing wind turbines. SourceContinue Reading

$100 Oil: Big Banks Believe A New Oil Supercycle Is Beginning | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Premium Content By Julianne Geiger – Feb 16, 2021, 11:00 AM CST Some of the world’s biggest names...Continue Reading

U.S. Natural Gas Crisis Spills Into Mexico | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 16, 2021, 10:30 AM CST The plummeting natural gas exports from the United States to Mexico amid an Arctic cold spell in the country that has led to a...Continue Reading

Gas Prices Hit Another High Amid Blackouts | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Feb 16, 2021, 10:00 AM CST After physical delivery gas prices hit $600 per million British thermal...Continue Reading